Post
Topic
Board Marketplace
MtGox international
by
MagicalTux
on 25/05/2011, 10:55:12 UTC
As some of you already noticed, MtGox now accepts AUD deposits. We are currently working to improve deposit conditions in different countries, and if anyone here has tips, contacts or tricks, it'd be great.

Things have been going fine for us, we had some troubles (ddos attacks) and great things (anyone can easy calculate based on the trades how much we are getting out of trade fees). We are working thanks to those fees to make bitcoin more accessible on various fronts.

United States

Currently Dwolla is the best way to add/withdraw funds.

We got the company setup, and (finally) got a new bank account (waiting for the internet access details right now) which should allow us to re-enable direct deposits and US domestic wires (dwolla is still the preferred method).

Note that we can also send US checks for a $5 fee, might not be really fast (it says 10 days) but can be useful in some cases.

Canada

Company is currently being formed, we already had contacts with some banks and explained bitcoin. Mixed results, however it seems that some may be willing to try. Will see once the company is created.

Currently deposits are possible via international transfer to Japan in USD. It costs 1500¥ here (~US$18.50) to receive such a wire (except if you set 71A=OUR), and all the intermediate fees will be deducted.

Europe

The bank in France is acting up (they need to manually confirm any transfer we send after we have sent 3000 euro in one day) so we are looking for alternatives. In the meantime deposits and withdraws IN EUROs are still possible. Withdraws may be delayed by a few days.

A company has been created in UK and contacts taken with various banks to open a UK GBP account. If it is cheap enough we'll open there, and open EUR too.

Please remember that SEPA transfers are limited to 50000 EUR, sending more will be cheaper if sent to Japan.

Australia

Not enough people there to justify the creation of a company, especially since Technocash allows us to receive payments there via bank deposit (see the "add funds" page) or via the post offices (please contact info@mtgox.com - never done that yet so I'd like to see it). Deposit costs AU$2.00, and funds are converted to USD without fees (we expect you to trade, however, and not to withdraw using something else).

Japan

Unfortunately japanese domestic transfers are not really helpful (no way to add a message with a transfer), so we are working on the various possibilities, including virtual bank accounts.

Rest of the world

Currently no international solution, you can however send to Japan (mail to info@mtgox.com for details). This costs ¥1500 on our side.

Future version

In june we are launching a new backend on MtGox. The site appearance will be the same, however many of the known bugs will be fixed, and this will open support for different currencies: USD EUR JPY AUD. We'll add more currencies as time goes by.

Once the new backend will be confirmed to work and any remaining last-minute bug fixed, we'll start working on the front-end of the site, to provide a totally new interface that will be easier to use.
In the coming months we'll use the new backend to (finally) implement options, margin trading, and various other things we've been missing.

Support

New staff (yooung japanese lady) hired and started yesterday, currently training, because I cannot keep up with all those mails.

Legality

We are also working with different lawyers in different places to find ways of ensuring bitcoin will be and stay legal. I cannot provide much details at this time as we are still reviewing details (and defining MtGox's ToS have the priority, too), but the goal is to ensure the longetivity of Bitcoin.