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getting USD out of mt gox.... best approach
by
isnowblind
on 09/11/2013, 07:40:02 UTC
Hi,

I have some USD in my account at MtGox. I would like to get the USD into my hands, either cash or deposited in my US bank account.

From the MtGox website, it is not clear if they are still doing international wire transfers. If they are, anyone have recent experience that they can share?

I would also consider converting the USD to BTC and then transferring out to another vendor, then BTC->USD and finally USD->me. This method has two problems, 1 the current instability in BTC/USD exchange rate, and 2 the associated conversion fees.

Are there any other options? Does the MtGox redeem code system still exist? is that safe to trade?

If there are approaches best suited for different dollar amounts, then please include approx what amount is appropriate for the given method. I.e fixed based fees better for high value, percent fees better for low value.

And, lets say I go ahead and convert some of the USD to BTC. Then what is my best option for obtaining USD (in my bank/hands)? localbitcoin? bitcoin brokers?


Thanks.