Topic: Bitinsant - possible to send bitcoins from btce to mtgox? (Read 1004 times)

How did you know! 
Yes, that's what I was hoping to do. Appreciate your detailed answer. I'll look into the otc trading, it sounds interesting.

BitInstant sends USDs not Bitcoins.  

I'm guessing you are hoping to take bitcoins from BTC-E and sell them at Mt. Gox where the exchange rate is higher, and then I'm guessing you don't want to wait for the six confirmations that the transfer will take.

This is a common trade, and is easy.  You simply want to sell your coins over-the-counter to someone who will pay you a MTGOX USD redeemable code.

The problem with that is you would be asked to send first and you would only want to transact in this manner with someone who can be trusted. The #Bitcoin-otc marketplace provides a Web of Trust (WoT) which gives a trust history so if you find a trading partner willing to offer this you can see that party's trust history.  You might be able to find a counterparty by placing an offer on the #bitcoin-otc marketplace IRC channel.

e.g.,
  SELL 10.0 BTC at "{mtgoxbid}" MTGUSD "MtGox Redeemable Code.  Adequate trust required."

If you want this trade to happen right away, offer a premium:

For example, to offer to sell with a 4% premium (e.g.,, at 96% of the spot price), you would enter the order as:
  SELL 10.0 BTC at "{mtgoxbid}*.96" MTGUSD "MtGox Redeemable Code.  Adequate trust required."

There might already be an order there from someone with MTGUSDs looking to buy your coins.

Or announce your request in the #bitcoin-otc channel, and someone will be likely be interested.

 - http://webchat.freenode.net/?channels=#bitcoin-otc-foyer
 - http://bitcoin-otc.com
 - http://bitcoin-otc.com/viewratings.php

There's a bit of a curve to getting up and running with GPG and registering with the IRC bot gribble, but the effort is worth it if you will be doing these types of trades in the future.

Right, I want to send bitcoins from btc-e to mtgox.

I wanted to use bitinstant so it's faster (unless doing what charliemaggot suggested is just as fast)
I'll look at aurumxchange, but wanted to know if what I'm doing is also possible

Wait, you're sending bitcoins from your BTC-e account to your MtGox account?

Just go into MtGox, into Funding, Add Funds, select Bitcoin, it'll give you a deposit address. Go back to BTC-e and send them to that address.

If you have BTC at BTC-E just send them to your Gox BTC address.

Use http://aurumxchange.com/

Hi,

Can I use BitInstant to send bitcoins from my btc-e account to mtgox?
I've created a btc-e code (in BTC's) and selected from the pull down menu "from Btc-e coupon" to "Mtgox". Now, what do I select under "Amount (USD) to pay"? I don't want to send USD's, I'd like to receive bitcoins on the other side. How do I calculate my USD amount and which exchange do I use to calculate the correct value, the btc-e or mtgox?

So confused right now....