[ANN] Cash Deposits are back at Mt.Gox!

[Mt.Gox Support]

BitInstant and Mt.Gox are proud to announce a convenient new deposit method for our American customers: Cash Deposits via BitInstant.com!

The cash deposits via Bitinstant utilizes the service of TrustCash, and allows for quick, affordable and local deposits to be made by our customers in the United States.

For customers who are unaware, you can find the new method in the “Add Funds” section of the “Funding Options” page. Once selected this new cash deposit method will redirect you to a dedicated page hosted by TrustCash that will help you find your nearest bank. Please note that cash deposits require a minimum deposit of $20 USD, and that your email details will be sent to bitInstant once you start the process.

Happy Trading!

[t3a]

If possible, you should make fees LOWER for higher deposits. Until then, I will deposit a max of $100 at a time because I pay less than if I would deposit $200. I dont know of any other business that charges more for/deters more business.

[radracer]

just got back from the bank... lets see how long it takes to show up in my account!

[tsvekric]

If possible, you should make fees LOWER for higher deposits. Until then, I will deposit a max of $100 at a time because I pay less than if I would deposit $200. I dont know of any other business that charges more for/deters more business.

Yes, that does seem strange...

Also, I've never understood using BitInstant for Dwolla to MtGox - why not just deposit directly for $.25 max fee?

[evoorhees]

This cash deposit system is the absolute fastest and easiest way for US residents to buy Bitcoin. It's super easy. It's worth trying it out with $20 just to see how great it is - you can often have funds in your account before you even get home from the bank.

Also, it's worth pointing out, you don't need an account with the bank, and any branch of Bank of America, Chase, CitiBank, and Wells Fargo work for this.

[radracer]

got receipt email from trustcash at 11:06am. now waiting for balance to show in mtgox.

edit: and at 11:38am its in! 

awesome.

[Yankee (BitInstant)]

If possible, you should make fees LOWER for higher deposits. Until then, I will deposit a max of $100 at a time because I pay less than if I would deposit $200. I dont know of any other business that charges more for/deters more business.

Yes, that does seem strange...

Also, I've never understood using BitInstant for Dwolla to MtGox - why not just deposit directly for $.25 max fee?

Thanks for your input!

This only applies to under $100 deposits. We want to entice new users to enter into Bitcoin and allow them to deposit at a lower cost. Since new users are likely to deposit no more than $100, this is the way we do it. We're constantly experimenting with different fee structures and negotiating to make it cheaper. If you have any tips, please email or PM me!!

In addition, our Dwolla-->MtGox is instantaneous, about 2-3 minutes. Many of our customers who are high volume traders pay a small premium to have their funds instantly and take advantage at the current lowest price of Bitcoin. Without having to keep their funds in 1 exchange, they can keep the balance in Dwolla. Furthermore, all our customers enjoy our 5-Star premium 24/7 telephone and email support.

You can read some reviews here: resellerratings.com/search/bitinstant

got receipt email from trustcash at 11:06am. now waiting for balance to show in mtgox.

edit: and at 11:38am its in!  

awesome.

Your welcome  

[S3052]

this is definitely awesome and could help bringing new users into bitcoins.

How are you going to create some public awareness about this very easy access to bitcoins? you should invest some of your profits into marketing

[Aggro]

The same service is also available from us (aurumxchange.com) with a FLAT fee of 2.99%, regardless of the amount you deposit.

[S3052]

great!