I don't like bitcoin, I hate that it has a fixed supply. I think in a good economy prices should fluctuate based on the supply and demand for the product (not the currency). Bitcoin as it is today doesn't really account for that.
That said, I owned some, and I recently sold some. Going through bitstamp (in slovania) was a pain. Getting the coins in was a breeze. However the international wire transfer took days, and cost about $60. Global transactions using bitcoin seem very lucrative here. Credit cards are another way, but they're expensive to the merchant. Bitcoin makes commerce on the web pretty nice in a lot of ways.
Why did you use Bitstamp when you were not in Europe? For me, in Europe, transferring money to Bitstamp was free. It took a couple of days, but that's fine. I'm assuming there are exchanges in your region that are cheaper to transfer to than a European exchange.
Coinbase uses Bitstamp pricing +1%, so depending on how much you're transferring it could be worth it. Bitstamp, and BTC-e are really the only two options for US customers that want any decent order book depth.
Comments
I don't like bitcoin, I hate that it has a fixed supply. I think in a good economy prices should fluctuate based on the supply and demand for the product (not the currency). Bitcoin as it is today doesn't really account for that.
That said, I owned some, and I recently sold some. Going through bitstamp (in slovania) was a pain. Getting the coins in was a breeze. However the international wire transfer took days, and cost about $60. Global transactions using bitcoin seem very lucrative here. Credit cards are another way, but they're expensive to the merchant. Bitcoin makes commerce on the web pretty nice in a lot of ways.
Why did you use Bitstamp when you were not in Europe? For me, in Europe, transferring money to Bitstamp was free. It took a couple of days, but that's fine. I'm assuming there are exchanges in your region that are cheaper to transfer to than a European exchange.
I'm not aware of any alternatives where I can get USD out. I suppose coinbase maybe, but bitstamp was recommended by someone here.
Coinbase uses Bitstamp pricing +1%, so depending on how much you're transferring it could be worth it. Bitstamp, and BTC-e are really the only two options for US customers that want any decent order book depth.