<p>The factors that matter for any cash-out decision are:</p>

<ul>
<li>Where are you located (country)?</li>
<li>How much are you looking to trade?</li>
<li>What type of cash are you looking to receive?</li>
<li>How soon do you need access to the proceeds?</li>
<li>Is privacy important?</li>
</ul>

<p>You are specifically asking about Mt. Gox but there are numerous methods for transferring value from bitcoins to your bank.  In some instances, Mt. Gox will be a good choice or the best choice, and in other instances it may not be.</p>

<p>In the U.S., for instance, Mt. Gox does not directly provide ACH withdrawal.  ACH transfers are a method for inexpensive bank transfers.  They do support withdrawing of funds to Dwolla and Dwolla can be connected (via ACH) to your bank account.</p>

<p>Here's the article for Mt. Gox on the Bitcoin Wiki:</p>

<ul>
<li><a href="http://en.bitcoin.it/wiki/Mtgox#Direct_Deposit_2" rel="nofollow">http://en.bitcoin.it/wiki/Mtgox#Direct_Deposit_2</a></li>
</ul>

<p>And here's the article for describing most of the various cash-out / withdrawal methods:</p>

<ul>
<li><a href="http://en.bitcoin.it/wiki/Selling_bitcoins" rel="nofollow">http://en.bitcoin.it/wiki/Selling_bitcoins</a></li>
</ul>

CC BY-SA 3.0
2012-09-17T02:25:57.957Z
2012-09-17T02:25:57.957Z
Stephen Gornick
<p>If I use Mt.Gox to do this, what are the specific steps I need to take?</p>

CC BY-SA 3.0
2017-07-02T23:10:43.450Z
related: https://bitcoin.stackexchange.com/q/17239/5406
Murch
CC BY-SA 3.0
2012-09-19T11:49:03.347Z
Edited the title to be a question.
ripper234
<transactions><exchanges><trading><money>
How do I convert Bitcoin to cash at my bank via Mt. Gox?
Mike
# How do I convert Bitcoin to cash at my bank via Mt. Gox?

(Asked by: username_0 on 2012-09-16)

If I use Mt.Gox to do this, what are the specific steps I need to take?

**Tags:** transactions, exchanges, trading, money

> **Comments:**
> **username_2**: Edited the title to be a question.  
> **username_1**: related: https://bitcoin.stackexchange.com/q/17239/5406  

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## 1 answers

### Answer by username_3 on 2012-09-17. Score: 0 | Accepted answer

The factors that matter for any cash-out decision are:

* Where are you located (country)?
* How much are you looking to trade?
* What type of cash are you looking to receive?
* How soon do you need access to the proceeds?
* Is privacy important?

You are specifically asking about Mt. Gox but there are numerous methods for transferring value from bitcoins to your bank. In some instances, Mt. Gox will be a good choice or the best choice, and in other instances it may not be.

In the U.S., for instance, Mt. Gox does not directly provide ACH withdrawal. ACH transfers are a method for inexpensive bank transfers. They do support withdrawing of funds to Dwolla and Dwolla can be connected (via ACH) to your bank account.

Here's the article for Mt. Gox on the Bitcoin Wiki:

* <http://en.bitcoin.it/wiki/Mtgox#Direct_Deposit_2>

And here's the article for describing most of the various cash-out / withdrawal methods:

* <http://en.bitcoin.it/wiki/Selling_bitcoins>


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