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?

2 Answers 2


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.

  • Dwolla is asking me for a phone number. What do I do if I don't live in the US?
    – Tomas
    Aug 9, 2012 at 14:18
  • 1
    How 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
    Aug 9, 2012 at 14:22
  • I don't have a bank account in the US. I need to send money to one.
    – Tomas
    Aug 9, 2012 at 14:23
  • 1
    How about sending the owner of the account the bitcoins, and letting them do the cash out if they choose.
    – Gary
    Aug 9, 2012 at 18:37
  • The company doesn't accept bitcoins and was strict with that. I'd love if somebody could do the work for me.
    – Tomas
    Aug 10, 2012 at 13:06

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.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.