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by peteretep 4515 days ago
> Why anyone was using Gox in the first place confuses me

Sell price was ~$100 more on MtGOX than on other exchanges. If you have ten bitcoins you want to sell, that's $1,000 more if you're willing to wait 6 weeks for MtGOX to send you your money.

2 comments

I don't know anyone who has been able to pull USD out of Mt. Gox for months. The reason it was +$100/BTC on Gox vs. other exchanges was the people were paying a premium to get their current fiat holdings converted into something that they could pull out.

Now that avenue is apparently closed, too, so it will be interesting (to say the least) to see how this plays out.

That's the thing though there was no evidence that they were sending anyone any money at least not in USD.