Quote:
Originally Posted by MaxDeForge
I did want to participate in the "million warmup" series next week. I was just going to go back to using WU since I've never had issues with them or heard of them having issues with the law, but just in case, I guess Circle is a legit alternative for BTC? Thnx..
Yes, Circle is a legit alternative.
The site you were using was raided because they were operating a bitcoin exchange without being registered and having money transmitter licenses.
Circle is completely legal, US based, is registered and has all of their required licenses. That's why they are forced to send out those questions asking people where their money came from.
Quote:
Originally Posted by dark_horse
Has anyone noticed that Circle's quote of BTC price is always a little bit more than what most other tickers say? When I move money from WPN to my bank via Circle I always end up profiting about 1%. Perhaps they do this because more people buy BTC on Circle than sell? If Coinbase's business model includes charging a fee, maybe Circle inflates the price of BTC to compensate.
Whenever I have checked I've always found Circle to be a slightly better deal on both sides... a little cheaper when buying and a little higher when selling.
It may fluctuate at different times though, so if someone really cared about getting the best deal you can take a few seconds to check both. And it's a good idea to have accounts set up on both sites ahead of time as a backup anyway.