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Author Topic: Recommended Exchange  (Read 1325 times)
davidspitzer
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June 18, 2012, 07:23:57 PM
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With some of the recent security issue of some of the exchanges what would be your best recommendation for converting BTC to USD when desired

I was thinking My Private Wallet ====> MT.GOX (2 factor login) ====> Dwolla  ====>  US bank account


is that wise? what do you do?
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epetroel
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June 18, 2012, 07:29:19 PM
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Sounds reasonable to me, as long as you keep in mind that the Mt. Gox -> Dwolla step can take anywhere from a few hours to a few weeks, depending on whatever random problems they are having or not having at the time.
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June 18, 2012, 07:34:53 PM
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Bitfloor and CampBX both support ACH directly, so you can avoid dwolla and just go right to your bank account. Bitfloor charges nothing and CBX charges $2 for ACH withdrawl.
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June 18, 2012, 07:36:34 PM
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Sounds reasonable to me, as long as you keep in mind that the Mt. Gox -> Dwolla step can take anywhere from a few hours to a few weeks, depending on whatever random problems they are having or not having at the time.
And they require scanned IDs and utiliy bills etc.

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June 18, 2012, 07:43:54 PM
 #5

I'd recommend reading the forum before you decide to go with MtGox... some people are waiting on a month to be paid.

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
davidspitzer
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June 18, 2012, 07:50:56 PM
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I'd recommend reading the forum before you decide to go with MtGox... some people are waiting on a month to be paid.

Yes I agree  - That was the reason for my questions - I am planning to make a sizable investment in BTC and I want to be smart about how I move my investment around
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June 18, 2012, 08:00:34 PM
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I'd recommend reading the forum before you decide to go with MtGox... some people are waiting on a month to be paid.

Yes I agree  - That was the reason for my questions - I am planning to make a sizable investment in BTC and I want to be smart about how I move my investment around
Don't buy all at once and cause a price spike.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
davidspitzer
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June 18, 2012, 08:14:51 PM
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I'd recommend reading the forum before you decide to go with MtGox... some people are waiting on a month to be paid.

Yes I agree  - That was the reason for my questions - I am planning to make a sizable investment in BTC and I want to be smart about how I move my investment around
Don't buy all at once and cause a price spike.

I will be sinking part of my funds into a mining operation  - it looks like butterfly labs has the biggest potential if their new stuff is real, the performance claims are valid and they can ship within a reasonable horizon.

I might buy some of their mini rigs if the time frame for their ASIC gear is too far out and they keep to their promise of $$ per $$ trade in value.


I have not seen anything else with the performance per Price in the market (although i could have missed it)

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June 19, 2012, 12:08:18 AM
 #9

With some of the recent security issue of some of the exchanges what would be your best recommendation for converting BTC to USD when desired

I was thinking Your Private Wallet ====> Tangible Cryptography's Single Use Deposit Address ====> One of 6 "cash like" payouts the same day.

No accounts and nothing to steal/lose/hack.  Transfers are done via Bitcoin network so we are never holding "your coins".   We buy your coins directly and payout the same day.
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June 19, 2012, 12:40:09 AM
 #10

BitInstant will have direct BTC -> Bank Account transfers within a couple weeks.
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June 19, 2012, 01:34:44 AM
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BitInstant will have direct BTC -> Bank Account transfers within a couple weeks.

Now this is awesome. Which countries?

Mycelium let's you hold your private keys private.
davidspitzer
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June 19, 2012, 01:37:46 AM
 #12

BitInstant will have direct BTC -> Bank Account transfers within a couple weeks.

Now this is awesome. Which countries?


What will be the limits and the transfer times
Yankee (BitInstant)
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June 19, 2012, 05:21:44 AM
 #13

BitInstant will have direct BTC -> Bank Account transfers within a couple weeks.

Now this is awesome. Which countries?


What will be the limits and the transfer times

170 countries and currencies.

You'll get your money in a Bitinstant  Wink

Will be announcing soon.

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
terrytibbs
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June 19, 2012, 05:27:56 AM
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170 countries and currencies.

You'll get your money in a Bitinstant  Wink

Will be announcing soon.
I'd ask who you're sleeping with, but I think I'd rather not know.
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June 19, 2012, 11:19:13 AM
 #15

I'd recommend reading the forum before you decide to go with MtGox... some people are waiting on a month to be paid.

Yes I agree  - That was the reason for my questions - I am planning to make a sizable investment in BTC and I want to be smart about how I move my investment around
Don't buy all at once and cause a price spike.

GO GO GO !!!
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