deposit money into digital currency or withdraw it?
By plumwish07
@plumwish07 (4057)
Indonesia
June 9, 2008 10:41pm CST
most of time when we receive online earning or payment from some programs, do you like to deposit your money into digital currency as like paypal, e-gold, moneybookers, etc until some amount before you withdraw it or just withdraw it immediatelly from digital currency into cash through local bank transfer?
since i don't like to buy online stuff from abroad (cause of the price and even the system customs department in my country), i prefer to withdraw my balance from digital currency into my local bank account. i also thought the safety risk in deposit money into digital currency since they are third party and always have possibility to be hacked by anyone than local bank account.
so, which one you prefer, just accumulate your balance in digital currency or withdraw it into your local bank account?
since i don't like to buy online stuff from abroad (cause of the price and even the system customs department in my country), i prefer to withdraw my balance from digital currency into my local bank account. i also thought the safety risk in deposit money into digital currency since they are third party and always have possibility to be hacked by anyone than local bank account.
so, which one you prefer, just accumulate your balance in digital currency or withdraw it into your local bank account?4 people like this
12 responses
@Bananaman (74)
•
10 Jun 08
I save up a lot of money on my PayPal and use it to buy things online such as bidding on eBay or Amazon.
@diansinta (7544)
• Indonesia
10 Jun 08
Hi plumwish07,
Unfortunately This digital currency don't have interest just like bank. I would like to keep it there if they have,.. But sometimes Bank also cut for administrative, so No mater how hong we keep in paypal or moneybookers it won't changes. That is the good thing about them.
@plumwish07 (4057)
• Indonesia
10 Jun 08
well if we discuss about interest rate, then we should know that interest rate in our local bank is lower than the administrative cost, am i right?
so you prefer to keep your balance into digital currency? do you feel safety enough by doing this? i am curious to know if you don't mind
so you prefer to keep your balance into digital currency? do you feel safety enough by doing this? i am curious to know if you don't mind1 person likes this
@diansinta (7544)
• Indonesia
12 Jun 08
No , i wouldn't worry at all save the money will save from cut-cut-cut every where LOL
@julyteen (13252)
• Davao, Philippines
29 Jun 08
as of now my earnings are still in my digital currency account because i didn't meet or reached the minimum withdrawal from my local bank that no charge of it. if i withdraw below the minimum amount i am force to pay charge of withdrawal. after i reached it i will withdraw my earnings and deposit it to my local bank.
@Hatley (163776)
• Garden Grove, California
11 Jun 08
as soon s I get notication that mylot paid into paypal
I immediately transfer it to my bank account where I
know it is safe. I have had my online bank account for
years and never had any problems with it at all. much
safer there.
@whiteheron (4222)
• United States
30 Jun 08
I get the money sent to paypal and then from pay pal to my bank. I have found that works well...
I also, I must admit, have quite a few Amazon Gift Certificates and may eventually go shapping on line with those. I got them through doing something on the internet.
@plumwish07 (4057)
• Indonesia
10 Jun 08
well, thats nice idea but i also wonder to know are you feel safety enough to save your money into digital currency? don't you worried that someday something happened with your balance there? please don't get me wrong i just wanna know how is the most people do with their balance
@icyorchid (2564)
• United States
10 Jun 08
I leave mine on paypal. I have their debit card so I can use the funds from that and I get 1% back from all purchase with it.
I have also transferred funds to my prepaid credit card from paypal, so it just depends on when I need the money.
@dpk262006 (58676)
• Delhi, India
10 Jun 08
I prefer to get the amount to my account and thereafter I can spend the money, as per my wishes. I also do not prefer on-line shopping. I prefer to shop in person.
@serena_wai (970)
• Malaysia
10 Jun 08
There will be charges if we withdraw it into our credit card. For paypal, we can't withdraw into our local bank yet (Malaysia) but we can withdraw to our credit card which we have to pay USD5 per every withdrawal. If there is any things i am interested to buy, i will proceed buying online rather than withdrawing them as i will lose portion of money for nothing.
@youless (112481)
• Guangzhou, China
10 Jun 08
In fact I prefer to withdraw it and then save it to my own bank account. I think in this case this money finally belongs to me. However, I am unable to withdraw the money from Paypal as it will charge me USD35 and that's so expensive.
I love China
