Author

Topic: Campbx selling is always 10usd under MtGox, frustrating! (Read 604 times)

legendary
Activity: 1764
Merit: 1000
bitcoinaverage.com is probably the closest to a real price
newbie
Activity: 3
Merit: 0
thanks for the replies, I did just look around and you're right they are all like 10 under mtgox.
legendary
Activity: 858
Merit: 1000
Note to all newbies. Do not use MtGox. Just don't.
newbie
Activity: 40
Merit: 0
MtGox is the outlier here, if you look at other exchanges they are all about $10 under the MtGox price.
The reason is that it's very hard to withdraw fiat from MtGox so the only way to get value out is to buy bitcoins. Obviously this means a higher demand for bitcoins on MtGox relative to others.

An exchange where you can't withdraw fiat isn't a proper exchange, I'm using bitstamp instead.
newbie
Activity: 3
Merit: 0
I started using Campbx after Dwolla was shut down from MtGox. The trading price is always at least 10 usd below mtgox.
Obviously Campbx is making a good 10% off of each btc a person trades via their site.
It seems anyway you sell btc you are paying a premium, or running around meeting people via local bitcoins.....UGH.
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