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Showing 5 of 5 results by awesomebunny
There is a danger! If you leave your account untouched for too long MtGox might close the account and take any currency in it. When bitcoins were $5 a btc MtGox took $200 from me. I haven't touched them since.
Also, they will let you open an account and send money to it and then when you try to take the currency back around they will request verification, or more verification, or then throw in a verification issue they could have mentioned before the fact, or at least they did a year ago.
I don't trust MtGox. Their is nothing good about them. Trade lag nearly 24/7, and really no benefit to using them.
Personally, I'd stick with another exchanger, but that is just me.
And MANY exchangers within the last 2 years have been hacked at least once with most people's bitcoins lost. MtGox has at least been secure so far.
Also, they will let you open an account and send money to it and then when you try to take the currency back around they will request verification, or more verification, or then throw in a verification issue they could have mentioned before the fact, or at least they did a year ago.
I don't trust MtGox. Their is nothing good about them. Trade lag nearly 24/7, and really no benefit to using them.
Personally, I'd stick with another exchanger, but that is just me.
And MANY exchangers within the last 2 years have been hacked at least once with most people's bitcoins lost. MtGox has at least been secure so far.
I'm interested in it. If it picks up steam it has the potential to replace PayPal.
Think of Ripple like an online wallet. You can transfer any type of currency you want into and out of it at hopefully a 0% fee, and hopefully an instant transfer.
I say hopefully because exchangers tied to ripple could have a fee. Given that ACH transfers are kind of the norm and have a 0% fee usually, it should be very much possible to transfer usd from your wallet to your friend, or an online store in the future instantly using Ripple.
All everyone seems to be looking at right now is ripples (an online currency the ripple wallet supports) and comparing ripples to bitcoins. Personally, I could care less about ripples. What I'm interested in is the potential for a fee less open wallet that allows for any type of currency of my choosing.
And sure, I've got my debt card and credit card and paypal, but one online wallet that manages all of them would be really cool.
Think of Ripple like an online wallet. You can transfer any type of currency you want into and out of it at hopefully a 0% fee, and hopefully an instant transfer.
I say hopefully because exchangers tied to ripple could have a fee. Given that ACH transfers are kind of the norm and have a 0% fee usually, it should be very much possible to transfer usd from your wallet to your friend, or an online store in the future instantly using Ripple.
All everyone seems to be looking at right now is ripples (an online currency the ripple wallet supports) and comparing ripples to bitcoins. Personally, I could care less about ripples. What I'm interested in is the potential for a fee less open wallet that allows for any type of currency of my choosing.
And sure, I've got my debt card and credit card and paypal, but one online wallet that manages all of them would be really cool.
I'd greatly appreciate it if there was a reply restriction notice while signing up. There is nothing in help, and while I admit I would have eventually found this, as I did, it is still not a fun process.
Please make this process less stressful.
Please make this process less stressful.