Post
Topic
Board Beginners & Help
Re: Offering PayPal for Bitcoin? You're likely to be labeled a scammer - Read why
by
Coincrazy
on 13/04/2013, 14:43:47 UTC
While I understand paypal, why is it so damn hard to get it via western union?

From where I am to get it into USA it takes Lmost 3 % commission and some bad exchange rates as well


I called local money gram and western union and was surprised by their rates ....both in the order of 3% for just a one way transfer



Unfortunately in Australia you're essentially limited to a verified mt gox account with wiretransfer, or a few other coin swapping services that run around the 6-7% rate and pretty bad exchange rate.

I've been trying to get cash into btc-e rather than mtgox, simply for the fact the buy price tends to be 5-10% lower.

That arbitrage is lost now

I've been posting a lot about it on my blogs