also see this thread re buying BTC with Brazilian Reais
https://bitcointalk.org/index.php?topic=26608.0;topicseen
looks like there's about a 5% mark up at a quick glance
edit, scanning the rest of the thread - fee is now 9% also see last post where it can be done in person in Rio I believe
Topic: Our cash stuck in Argentina following currency exchange restrictions - page 2. (Read 7432 times)
February 23, 2012, 02:07:54 PM
February 23, 2012, 02:05:08 PM
This thread is hilarious.
Is there no way to buy Bitcoins with her money? You mention Tradehill, which makes me think you've already thought about the Bitcoin route, which makes me think that there aren't any exchanges currently accepting whatever currency Argentinians use.
Is there no way to buy Bitcoins with her money? You mention Tradehill, which makes me think you've already thought about the Bitcoin route, which makes me think that there aren't any exchanges currently accepting whatever currency Argentinians use.
Hilarious is that you cannot read the whole thread properly, see my post on #2.
February 23, 2012, 01:50:00 PM
yep, seems rather obvious, find a miner in Argentina or a nearby country that has costs in the local currency & is happy to exchange BTC for it, preferably on an ongoing basis until all your GF's stash of Pesos has been liberated, I'd be interested to hear how you get on with that & as I expect there's a demand for this, how much over the current Mt.Gox exchange rate you will have to pay
plus if I ever visit Argentina which is quite possible as I have free accommodations there from contacts, then I would look in to the demand for BTC & perhaps fund my local living/ traveling around costs by exchanging for Pesos
alternatively if you have the facilities & moderate electricity costs there then to start mining yourself until the above has been achieved, failing both those then I would buy 1 or 2 (more if you plan to visit regularly) high end collectable numismatic or philately items say which would be much more anonymous when traveling or sending than a couple of kilos of gold - perhaps a classic make high end antique piece of jewelery that she could just wear or second hand premium watch each from reputable dealers once you've researched the resale values where ever you plan to sell - there's a bunch of really good quality prestige antiques in Argentina from when it was one of the wealthiest countries in the world (if not the wealthiest - certainly was in the Americas) just a few generations ago - a lot of these now being sold off cheap due to ongoing total universal corruption there fucking everything up economy wise
plus if I ever visit Argentina which is quite possible as I have free accommodations there from contacts, then I would look in to the demand for BTC & perhaps fund my local living/ traveling around costs by exchanging for Pesos
alternatively if you have the facilities & moderate electricity costs there then to start mining yourself until the above has been achieved, failing both those then I would buy 1 or 2 (more if you plan to visit regularly) high end collectable numismatic or philately items say which would be much more anonymous when traveling or sending than a couple of kilos of gold - perhaps a classic make high end antique piece of jewelery that she could just wear or second hand premium watch each from reputable dealers once you've researched the resale values where ever you plan to sell - there's a bunch of really good quality prestige antiques in Argentina from when it was one of the wealthiest countries in the world (if not the wealthiest - certainly was in the Americas) just a few generations ago - a lot of these now being sold off cheap due to ongoing total universal corruption there fucking everything up economy wise
February 23, 2012, 01:37:34 PM
This thread is hilarious.
Is there no way to buy Bitcoins with her money? You mention Tradehill, which makes me think you've already thought about the Bitcoin route, which makes me think that there aren't any exchanges currently accepting whatever currency Argentinians use.
Is there no way to buy Bitcoins with her money? You mention Tradehill, which makes me think you've already thought about the Bitcoin route, which makes me think that there aren't any exchanges currently accepting whatever currency Argentinians use.
Hilarious is that you cannot read the whole thread properly, see my post on #2.
February 23, 2012, 01:29:29 PM
This thread is hilarious.
Is there no way to buy Bitcoins with her money? You mention Tradehill, which makes me think you've already thought about the Bitcoin route, which makes me think that there aren't any exchanges currently accepting whatever currency Argentinians use.
Is there no way to buy Bitcoins with her money? You mention Tradehill, which makes me think you've already thought about the Bitcoin route, which makes me think that there aren't any exchanges currently accepting whatever currency Argentinians use.
February 23, 2012, 12:20:38 PM
Gosh, if only there were some kind of digital currency that you could buy that wouldn't be subjected to all those conversion fees, and that could be transferred to someone in Europe nearly instantly. That would be neat.
Or that you could easily store on a USB stick. Sigh. If only there was such a thing.
February 23, 2012, 12:17:05 PM
Gosh, if only there were some kind of digital currency that you could buy that wouldn't be subjected to all those conversion fees, and that could be transferred to someone in Europe nearly instantly. That would be neat.
February 22, 2012, 08:42:22 AM
You can buy bitcoins with local currency and take them out of the country.
February 22, 2012, 08:24:59 AM
Following up on the conversations on Iran and Bitcoin.
A girlfriend and I are hoping to move together to Europe from Argentina. I'm from Europe.
She has savings in a bank account here which is well in excess of what the tax authorities allow her to convert. This is also devaluing at about 25% a year.
Typically what people here do to avoid this is:
- take cash to a neighbouring country and exchange it there
- buy things like property and even cars
However, the first is not a good option because there is a limit of $10,000 and also carrying and storing this is a risk too.
How do we get this cash out of the country?
At first I thought I could sell her something in a different currency outside the country via a webcart checkout and credit card.
Add item "Being a great boyfriend for a year" and x5.
But the problem with this is that the transaction will be routed through the central bank of Argentina and they convert and reconvert the currency - double conversion costs. This would be in addition to a ~4% Google Checkout fee. The other problem is that the transaction is logged to her account. If I go unverified with Paypal, Moneybookers or Google Checkout then I can have some anonimity but I've heard so many horror stories of unverfied accounts on these services. Is this worry justified? It shouldn't be a problem for someone who isn't intending to visit Argentina.
The next one I thought of was just to buy a load of gold here. But then we're coming into Europe with a stash of gold and that looks dodgy as heck.
Chile is close, which was where tradehill was based... shame.
The second way of spending the cash on something could be an idea but I can't think of many things that are liquid (easy to sell) this way. It's not enough for a house but is enough for a car...
Ideas?
Regards marrying if you must bring it up... It's a complicated one. Aside from the emotional side of that, for me there's an element of marrying into a country and I don't want be associated with Argentina in that sense as this has knock-on effects. Worldwide taxation is just one example.
A girlfriend and I are hoping to move together to Europe from Argentina. I'm from Europe.
She has savings in a bank account here which is well in excess of what the tax authorities allow her to convert. This is also devaluing at about 25% a year.
Typically what people here do to avoid this is:
- take cash to a neighbouring country and exchange it there
- buy things like property and even cars
However, the first is not a good option because there is a limit of $10,000 and also carrying and storing this is a risk too.
How do we get this cash out of the country?
At first I thought I could sell her something in a different currency outside the country via a webcart checkout and credit card.
Add item "Being a great boyfriend for a year" and x5.
But the problem with this is that the transaction will be routed through the central bank of Argentina and they convert and reconvert the currency - double conversion costs. This would be in addition to a ~4% Google Checkout fee. The other problem is that the transaction is logged to her account. If I go unverified with Paypal, Moneybookers or Google Checkout then I can have some anonimity but I've heard so many horror stories of unverfied accounts on these services. Is this worry justified? It shouldn't be a problem for someone who isn't intending to visit Argentina.
The next one I thought of was just to buy a load of gold here. But then we're coming into Europe with a stash of gold and that looks dodgy as heck.
Chile is close, which was where tradehill was based... shame.
The second way of spending the cash on something could be an idea but I can't think of many things that are liquid (easy to sell) this way. It's not enough for a house but is enough for a car...
Ideas?
Regards marrying if you must bring it up... It's a complicated one. Aside from the emotional side of that, for me there's an element of marrying into a country and I don't want be associated with Argentina in that sense as this has knock-on effects. Worldwide taxation is just one example.
Jump to: