Bitcoin Forum
December 04, 2016, 06:26:02 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: what is minimum iban transaction?  (Read 760 times)
predic
Member
**
Offline Offline

Activity: 65


View Profile
June 24, 2012, 11:30:55 AM
 #1

Hi, maybe stupid question, but I don't know if there is minimum amount for IBAN transaction?

for example, I sell at Mtgox or Internsango (or anywhere else) 0.5 bitcoins and I get 2.5 euro, then, can I transfer so small amount to my IBAN number?
1480875962
Hero Member
*
Offline Offline

Posts: 1480875962

View Profile Personal Message (Offline)

Ignore
1480875962
Reply with quote  #2

1480875962
Report to moderator
1480875962
Hero Member
*
Offline Offline

Posts: 1480875962

View Profile Personal Message (Offline)

Ignore
1480875962
Reply with quote  #2

1480875962
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Stephen Gornick
Legendary
*
Offline Offline

Activity: 1988



View Profile
June 24, 2012, 09:59:11 PM
 #2

Hi, maybe stupid question, but I don't know if there is minimum amount for IBAN transaction?

for example, I sell at Mtgox or Internsango (or anywhere else) 0.5 bitcoins and I get 2.5 euro, then, can I transfer so small amount to my IBAN number?

I don't know the exact fee, but the exchange subtract the fee to process wire transfers, and your bank may assess a fee as well.

So, let's say the fee is 5 EUR.  That means for a 100 EUR withdraw, you are paying at least 5% in fees.

I believe BitStamp is known for its lowest cost for SEPA transfers.  Dwolla is the lowest for ACH (USDs to a bank in the U.S.).   So depending on where you bank the recommendations will vary.

It is better to accumulate your fiat account balance, then make only larger withdawals in batches, or to use bitcoins themselves for spending, or do something else like withdraw to PayPal (e.g.,  https://www.spendbitcoins.com/convert ).


Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!