cheapest way to go from BTC to USD wire to someone else

Walter Rothbard

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Activity: 476

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Bytecoin: 8VofSsbQvTd8YwAcxiCcxrqZ9MnGPjaAQm

Quote from: Looser by Choice on February 27, 2013, 07:50:36 AM

Quote from: niko on February 18, 2013, 12:37:37 PM

Bitcoins are easy, fast, and cheap to move around the world, dollars and euros are not. This thread is really asking about moving dollars between people, and has nothing to do with Bitcoin.

wow, the thread is actually about an easy way of cashing out bitcoins in dollars to 3rd parties....come on read

How can I use X to do Y?

niko

hero member

Activity: 756

Merit: 501

There is more to Bitcoin than bitcoins.

Quote from: Looser by Choice on February 27, 2013, 07:50:36 AM

Quote from: niko on February 18, 2013, 12:37:37 PM

Bitcoins are easy, fast, and cheap to move around the world, dollars and euros are not. This thread is really asking about moving dollars between people, and has nothing to do with Bitcoin.

wow, the thread is actually about an easy way of cashing out bitcoins in dollars to 3rd parties....come on read

No, this thread is about selling bitcoins for US dollars, then sending those dollars to someone else.

Or sending bitcoins to someone else, then that someone selling those bitcoins for dollars.

There is no such thing as "cashing out to 3rd parties", and there are good reasons why any sane merchant or customer would not attempt to get involved in such practice. Each trade involves implicit and explicit contractual obligations and rights. "Cashing out to 3rd parties" only invites trouble.

Looser by Choice

jr. member

Activity: 56

Merit: 1

Quote from: niko on February 18, 2013, 12:37:37 PM

Bitcoins are easy, fast, and cheap to move around the world, dollars and euros are not. This thread is really asking about moving dollars between people, and has nothing to do with Bitcoin.

wow, the thread is actually about an easy way of cashing out bitcoins in dollars to 3rd parties....come on read

niko

hero member

Activity: 756

Merit: 501

There is more to Bitcoin than bitcoins.

Bitcoins are easy, fast, and cheap to move around the world, dollars and euros are not. This thread is really asking about moving dollars between people, and has nothing to do with Bitcoin.

ewibit

legendary

Activity: 2955

Merit: 1049

and what is the cheapest way from
BTC to PP
and
USD to PP
(btc-e takes 5.5%)
TIA

Walter Rothbard

sr. member

Activity: 476

Merit: 250

Bytecoin: 8VofSsbQvTd8YwAcxiCcxrqZ9MnGPjaAQm

Quote from: Looser by Choice on February 17, 2013, 07:15:22 AM

Thanks for the suggestion but unfortunately in that particular case having those people open mtgox acc is not really an option Sad

and in most cases when dealing with traditional business too.

Initiate a wire transfer on aurumxchange.com ?

Looser by Choice

jr. member

Activity: 56

Merit: 1

I guess we dont have such options yet, but maybe those p2p exchanges... ?

Looser by Choice

jr. member

Activity: 56

Merit: 1

Thanks for the suggestion but unfortunately in that particular case having those people open mtgox acc is not really an option Sad

and in most cases when dealing with traditional business too.

niko

hero member

Activity: 756

Merit: 501

There is more to Bitcoin than bitcoins.

Quote from: Looser by Choice on February 16, 2013, 10:19:49 AM

Ok I have BTCs i can sell them and withdraw to my bank account via mtgox and then wire to someone else.
But I would like to skip the extra step and just convert my btcs to usd and wire to a 3rd party directly and that way saving on bank fees.
What would be the cheapest way to wire your BTCs to USD bank account?

Have that someone open and verify a MtGox account. You send them btc or a gox code, they withdraw to their bank.

For those who miss the point of this thread - MtGox AML regulations require you to wire money to a bank account issued in your name. Not sure how other bigger exchanges compare.

Moderator: please move to "service discussion". Loser by Choice can do the same by clicking the link in lower left of the screen when viewing the thread.

Looser by Choice

jr. member

Activity: 56

Merit: 1

Ok I have BTCs i can sell them and withdraw to my bank account via mtgox and then wire to someone else.
But I would like to skip the extra step and just convert my btcs to usd and wire to a 3rd party directly and that way saving on bank fees.
What would be the cheapest way to wire your BTCs to USD bank account?

Topic: cheapest way to go from BTC to USD wire to someone else (Read 1021 times)