Best way to convert BC to AUD?

[alikim]

I've been away for a while, can someone please give me a heads up on the best (cheapest/secure) way to convert my BC into AUD?

Thanks!

[1714835322]

1714835322

[1714835322]

1714835322

[payb.tc]

i highly recommend spendbitcoins.com, even though it's not particularly cheap... but it's worth it for the convenience and security of going with a trusted operator.

[matthewh3]

Try - http://www.cryptoxchange.com/ - that's an Australian based bitcoin exchange.

[Stephen Gornick]

Also, Mt. Gox has BTC/AUD market.

BitcoinCharts will show the current exchange rates for them and CryptoXChange:
 - http://bitcoincharts.com/markets

There are other exchanges which set the price based on the BTC/USD exhange rate:
 - http://en.bitcoin.it/wiki/Selling_bitcoins

[alikim]

Thanks!

I'm mostly worried about how exactly I get BC on my bank account, rather than the exchange rate..

Did anyone use CryptoXChange in Australia?

How they deposit money on your bank account, I couldn't find that information on their web site?

[payb.tc]

I'm mostly worried about how exactly I get BC on my bank account, rather than the exchange rate..

in that case, this page is perfect for you... https://www.spendbitcoins.com/convert/pay-bills-with-bitcoins/
currently giving 4.85 AUD

[Jeremy West spendbitcoins.com]

even though it's not particularly cheap...

Hey! We give the exact USD-AUD exchange rate of the last trade on Mt. Gox with no fees. I'd say that's particularly cheap. But that's just me...

[Jeremy West spendbitcoins.com]

https://www.spendbitcoins.com/convert/pay-bills-with-bitcoins/

That's weird. Never noticed that url. I just fixed it... https://www.spendbitcoins.com/convert/bitcoins-to-australian-bank-account/

[payb.tc]

even though it's not particularly cheap...

Hey! We give the exact USD-AUD exchange rate of the last trade on Mt. Gox with no fees. I'd say that's particularly cheap. But that's just me...

oh i didn't realise... i guess the aud/usd rate in general is kind of bad lately. i wonder if i'll ever see it at 54c again in my lifetime.

[Fred26]

Okay Alikim, I have been looking into this problem myself, and I think it sort of boils down to this:

1. You need to get your Bitcoins into your Mt.Gox account
2. Sell them for AUD
3. Do an international bank transfer into your Australian bank account from Mt.Gox
  This involves your international bank swift number, you should be able to find that on your bank website
   Problem with this is, westpac takes $5 for all incoming international bank transfers, no matter what bank your with, so by the time you get your money, depending on your bank, and banks in-between it may cost you $30, or more =/

Or you could go with a site like spend bitcoins,

They will pay you current price for btc.

Or you could find someone local that wants them

Or find someone on the forum that you can trust.

I am trying to find a way of getting btc for cash in Aus, but there is this problem of trust =/

[mahingupta]

I am trying to find a way of getting btc for cash in Aus, but there is this problem of trust =/

Get an account with Crypto X Change. Use their Australia cash deposit option to fund your account and buy BTC.

Cheers