Author

Topic: How do you convert Mtgox redeem codes (Read 1128 times)

legendary
Activity: 2506
Merit: 1010
September 06, 2012, 04:19:58 AM
#2
To other currencies? Ex:

I have a code for 200 EURO. I want to redeem it into USD.

I have the option checked in settings so this should be done automatically right?

I think that settings is referring to new deposits involving banking.   I'm thinking loading a EUR redeemable code adds funds to your EUR wallet on Mt. Gox.  If you then want USDs, you buy bitcoins on the BTC/EUR and then sell bitcoins on the BTC/USD market.  The fee is less than what Mt. Gox charges to withdraw EUR as USD to a bank, I believe.
member
Activity: 68
Merit: 10
September 06, 2012, 03:06:37 AM
#1
To other currencies? Ex:

I have a code for 200 EURO. I want to redeem it into USD.

I have the option checked in settings so this should be done automatically right?
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