This morning my money transfer cleared into my Mt Gox account. It had taken two working days from the point I instructed the bank. I'm looking to buy 10 BTC, but I've got the maths wrong in the previous post. I'm going to make a first go at getting as many BTC as possible for my 3 GBP and transfer over some more funds.
The price this evening for BTC on Mt Gox is 1.71 per BTC. I'm going to put in an order for 1 BTC at 1.70 and another at 1.30 and see what happens. My 1.70 offer was immediately taken up. The 1.30 sat there.
Next I decided to get my new BTC out of Mt Gox. After my transaction fee I had 0.994 BTC left. I put in my Bitcoin address and submitted the request to Mt Gox. The option that I wasn't aware of was the "green address" This option seems to mean that the receiver can trust the transaction with zero confirmations. As I'm not that time sensitive I decided not to take the option. I fired off the request at 19:10 UK time. By 19:11 I had an unconfirmed transaction in my Bitcoin client. Next I went to the internet banking site, put 16GBP in the Mt Gox account, and then fired off an email to Wuala requesting 100GB of storage for 10BTC. By 19:28 I had my first confirmation of the Bitcoin transfer.
