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I need to make a bank transfer to a US bank account and found out that MTGOX is asking for 2000 CNY fee. That is too much since the amount of money I want to transfer is smaller than that.
Is there any exchange service with smaller fees?
Is there a service to withdraw dollars by wire transfer with small fees?
Answers
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Take out to Dwolla (FREE Account), then move to bank account for a flat fee of $0.25. I use to use them all the time like that.
Fee list from Dwolla: https://www.dwolla.com/fees
MtGox doesn't charge anything to send to Dwolla, they just charge you to transfer from BTC to Dollar's. But it's cheaper than what it was for ACH transfer.
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If the funds don't need to arrive same-day, withdraw USDs via ACH at BitFloor and Camp BX. Simply enter routing # and account number. It is not the same thing as a wire transfer, so you would want to make sure your counterparty will accept ACH transfers.
You can even order rush ACH through BitFloor.
If you do need to do a wire (e.g., same-day transfer), a lot of exchanges offer than, with varying fees.
Dwolla is asking me for a phone number. What do I do if I don't live in the US? – Tomas – 2012-08-09T14:18:54.850
1How in the world do you have a bank account in the US without a phone number? Sign up for a US phone number at a service like localphone.com, $0.99 a month for US based number. – jfreak53 – 2012-08-09T14:22:16.887
I don't have a bank account in the US. I need to send money to one. – Tomas – 2012-08-09T14:23:48.917
1How about sending the owner of the account the bitcoins, and letting them do the cash out if they choose. – Gary Rowe – 2012-08-09T18:37:24.767
The company doesn't accept bitcoins and was strict with that. I'd love if somebody could do the work for me. – Tomas – 2012-08-10T13:06:34.873