<blockquote>
  <p>Can I have usd in my MtGox account without transferring it to my bank account, or having it in bitcoins?</p>
</blockquote>

<p>Yep.</p>

CC BY-SA 3.0
2013-04-11T15:17:11.317Z
2013-04-11T15:17:11.317Z
Nick ODell
<p>Say I have an account with MtGox, and I put $5k worth of bitcoins in there. The exchange rate subsequently goes up by 10%. Now my MtGox bitcoins are worth 5.5k. Can I exchange this for USD in my MtGox account, but let it sit in my MtGox account until I want to buy bitcoins again?</p>

<p>The reason I ask is because I am in Australia, and MtGox charges a $10 fee (plus the 0.6%) to send to my bank account, and more importantly, it takes a few days to transfer. This means if I choose to buy BTC again, I have to transfer money from my bank account back into my MtGox account which also takes a few days. That's a turnaround time of almost a week, which would make "day trading" impossible!</p>

<p>Can I have usd in my MtGox account without transferring it to my bank account, or having it in bitcoins?</p>

<p>I'm a newbie, obviously...</p>

CC BY-SA 3.0
2013-04-11T06:32:19.817Z
"Can I have usd in my MtGox account without transferring it to my bank account, or having it in bitcoins?" Yep.
Nick ODell
CC BY-SA 3.0
2013-04-11T06:43:39.653Z
Thanks for the reply. You should have put it in an answer if you want it to be accepted though. :)
user4208
CC BY-SA 3.0
2013-04-11T13:11:50.490Z
Use two factor auth. its never smart to leave large sums of money in exchanges, especially without this.
MaxSan
CC BY-SA 3.0
2013-04-11T23:18:52.077Z
@MaxSan you mean so nobody can log in as me and steal it?
user4208
CC BY-SA 3.0
2013-04-12T08:48:37.780Z
Essentially, yes. Mtgox will not be responsible as many have found out for your lack of security.
MaxSan
CC BY-SA 3.0
2013-08-15T15:26:16.220Z
Will MtGox then be responsible for it's own lack of security?
Pacerier
<mtgox>
Do I Have to Cash Out?
user4208
# Do I Have to Cash Out?

(Asked by: username_0 on 2013-04-11)

Say I have an account with MtGox, and I put $5k worth of bitcoins in there. The exchange rate subsequently goes up by 10%. Now my MtGox bitcoins are worth 5.5k. Can I exchange this for USD in my MtGox account, but let it sit in my MtGox account until I want to buy bitcoins again?

The reason I ask is because I am in Australia, and MtGox charges a $10 fee (plus the 0.6%) to send to my bank account, and more importantly, it takes a few days to transfer. This means if I choose to buy BTC again, I have to transfer money from my bank account back into my MtGox account which also takes a few days. That's a turnaround time of almost a week, which would make "day trading" impossible!

Can I have usd in my MtGox account without transferring it to my bank account, or having it in bitcoins?

I'm a newbie, obviously...

**Tags:** mtgox

> **Comments:**
> **username_1**: "Can I have usd in my MtGox account without transferring it to my bank account, or having it in bitcoins?" Yep.  
> **username_0**: Thanks for the reply. You should have put it in an answer if you want it to be accepted though. :)  
> **username_2**: Use two factor auth. its never smart to leave large sums of money in exchanges, especially without this.  
> **username_0**: @username_2 you mean so nobody can log in as me and steal it?  
> **username_2**: Essentially, yes. Mtgox will not be responsible as many have found out for your lack of security.  
> **username_3**: Will MtGox then be responsible for it's own lack of security?  

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## 1 answers

### Answer by username_1 on 2013-04-11. Score: 4 | Accepted answer

> Can I have usd in my MtGox account without transferring it to my bank account, or having it in bitcoins?

Yep.


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