Currency Fair (currencyfair.com) - P2P currency exchange - Good for Aussies!

Stephen Gornick

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Quote from: Chaz on November 20, 2012, 06:29:40 AM

Quote from: Stephen Gornick on November 20, 2012, 06:01:10 AM

I believe Mt. Gox also requires that that name on the account where the funds are sent from be in your name. So sending from Currency Fair to Mt. Gox wouldn't be successful, as far as I know, since the funds would be coming from CurrencyFair, and not your account. Perhaps Mt. Gox is inconsistent in how this restriction is applied?

Never knew about this one. I have done 3 transfers to Mt.Gox from Currency Fair, not a problem so far. Haven't tried the other way, so may be something to look out for. Thanks for the info.

When I choose Bank Transfer funding method, the details show:

Quote

Funds deposited with Mt.Gox must come from the bank account with the name that matches the owner of the Mt.Gox account.

- https://mtgox.com/trade/funding-options

Now if you have an unverified account, then they wouldn't know which name the bank transfer needs to correspond to so I suppose that is one exception where the restriction might not be enforced:
- http://en.bitcoin.it/wiki/MtGox#AML

Chaz

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Quote from: Stephen Gornick on November 20, 2012, 06:01:10 AM

I believe Mt. Gox also requires that that name on the account where the funds are sent from be in your name. So sending from Currency Fair to Mt. Gox wouldn't be successful, as far as I know, since the funds would be coming from CurrencyFair, and not your account. Perhaps Mt. Gox is inconsistent in how this restriction is applied?

Never knew about this one. I have done 3 transfers to Mt.Gox from Currency Fair, not a problem so far. Haven't tried the other way, so may be something to look out for. Thanks for the info.

Stephen Gornick

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Quote from: Chaz on November 20, 2012, 04:22:48 AM

So check out CurrencyFair.com as an alternative way in getting money to Mt.Gox. Obviously this would work the same way in reverse if you would like to sell bitcoins (I have yet to try that Cheesy

). You will need to send them ID to get your account verified.

When sending funds to your CurrencyFair account, the sending account must be an account in your name. After you've converted the funds then you can send them as a bank wire to any bank account.

I believe Mt. Gox also requires that that name on the account where the funds are sent from be in your name. So sending from Currency Fair to Mt. Gox wouldn't be successful, as far as I know, since the funds would be coming from CurrencyFair, and not your account. Perhaps Mt. Gox is inconsistent in how this restriction is applied?

But you won't be able to send your Mt. Gox funds to Currency Fair for the reason I described above .. the funds must be sent from an account in your name.

If there are exceptions, this would be good to know because there is a log of arbitrage I've passed up because I had the belief that I couldn't send from CurrencyFair to Mt. Gox and vice-versa.

Now for over-the-counter trading there would be no restriction on you transferring your Currency Fair funds to the bitcoin seller in another currency jurisdiction.

Bitcoin Oz

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Wat

Try sending them an email about accepting bitcoin. I did that awhile ago and they said they would look into it. Maybe if more people contact them they will reconsider.

Chaz

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*Edited because CurrencyFair has stopped this service.*

Topic: Currency Fair (currencyfair.com) - P2P currency exchange - Good for Aussies! (Read 1902 times)