you're probably right, what is the best way of doing this?

Mike.

I keep some long term investment coins in my mtgox account (40ish) as I hope that these over time will rise considerably, but I day trade with around $3000. when the bot is executing trades, I want it to play around with my $3000 but leave my 40btc alone, will the new version do this? If so u have a sale!

if you're buying from UK then bank transfer ot mtgox... takes 3 days and costs £10.

Apologies if this has already been asked...

Can I set up two accounts at mtgox?

I already have one in GBP (i'm from UK) which I have some longish term investments in..

I now want one to day trade in USD...

Can i have two accounts linked, or will I have to set up an entire new fresh one (and can i have two accounts under my name?)

Thats because when your trading in GBP, the buy/sell prices you see already have the 2.5% transfer rate built in.

They 0.6% rate will show in your account history, the 2.5% won't however!

OP, out of curiosity how much money in $ are you actually trading with?

i.e. how many bc and/or dollars currently in your mtgox account?

I'm currently trading in GBP on gox (i'm from UK) however I'm being charged 2.5% on every trade (on top of the 0.6% fee). Is there someway I can change my GBP to USD in my wallet, so that when I trde I'm getting better rates....

Hopwfully I can then in turn convert the USD balance back into GBP before withdrawing it again (I intend to make lots of trades in a week, but just make a withdrawal once a month).

thanks for that...

so now need to figure out a way to get my account funded with us dollars instead...

can someone supply a little more info on this please?

I am waiting for my £1000 day trading pot to arrive at mtgox (i already have some long term bit coins). I assumed that after the receiving fee, all i would be charged is the 0.6%. Which if I do a quick buy and sell would cost me £12 total.

However if I'm also losing an extra £25 in each trade, this is a huge amount. (£62 for each quick buy/sale?)

Don't think MT GOX accept paypal.

The charge for Llloyds wire trasfers are £20 in branch or £10 if done online. Thats from a personal account.

Thanks for this info...v helpful.

Yes I think this is high.

None of us can avoid the MT Gox fees, so I guess they'll always be there, but I was kinda hoping this post would prompt responses from other UK bitcoin traders who may explain a cheaper/faster way to do this.

Hi,

Just trying to figure out exactly what my fees will be for each transaction.

So far I have calulated it as follows:

£10                         Wire transfer fee (charged by Lloyds TSB)
£7ish (1000yen)         Receiving fee by Japanese bank
0.6%                       Buying (trading) fee charged by MTGOX (so on £1000 trade) is £6
0.6%                       Selling (trading) fee charged by MTGOX (so on £1000 trade is £6

so on a £1,000 investment, it will cost me £29

Also, to get the money back into my English bank account, will I pay any further fees from MTGOX or Japanese bank to get the money back in GBP to my LloydsTSB account?

thanks dbc...

so frustrating waiting for my funds to hit...

Is a SEPA transfer the same thing as going into a bank and wiring the money across? I sent fom Lloyds TSB in UK direct to the Japanese mt.gox account.... or I have done something slower than that?

when you say cash, how do i do this? I went into bank and wired direct from current account.

Could I not open up an OKPAY account, pay into that immediately and then transfer???

Hi,

I set up an mt.gox account 2 days ago and immediatly wired £1,400 across. I really want to get some money in my mtgox wallet fast, than wait another 3 days. Is there a quicker way to do this?

Mike.