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pathy
on Oct 22, 2013
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Dawn of Autonomous Corporations, Powered by Bitcoi...
Fair enough, but mtgox is the most famous one, so I naturally picked up news about it. That makes it somewhat better at least.
3 days is still a very long time compared to the 'real' currency exchanges.
etherael
on Oct 22, 2013
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By three days, I mean, I initiate a transfer from bitstamp, and I get it into my thai bank account within three business days. The transfer is always verified and initiated on the other end on the same day I make it.
Nicholas_C
on Oct 22, 2013
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It takes 2 days to get USD in and out of my trading account. I'm not sure how long 'real' currency exchanges take, but I bet it isn't immediate.
clienthunter
on Oct 22, 2013
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Microseconds. It's called FOREX.
Nicholas_C
on Oct 22, 2013
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Taking dollars out of an account != exiting a trade. It takes one to two days to get USD out of an OANDA account (source:
http://fxtrade.oanda.com/help/how-to-withdraw-funds
). So 3 days isn't terrible.
clienthunter
on Oct 23, 2013
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You're right I totally misunderstood, my bad.
im3w1l
on Oct 22, 2013
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You are comparing apples with oranges.
Consider applying for YC's Spring batch! Applications are open till Feb 11.
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3 days is still a very long time compared to the 'real' currency exchanges.