CoinDox
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February 22, 2014, 11:07:29 AM

If it was easier to get fiat onto Gox you could make a killing now via bitcoinbuilder. Of course, the reason the difference is so big is precisely that it is difficult/slow to do for almost everybody.

Can someone tell me how exactly are they able to run this service?

Gox internal BTC transfers work. So if you want to sell your stuck Gox BTC you send them to the bitcoinbuilder Gox address. If you want to buy some, you send them real BTC to their regular BTC address. They are a middleman, getting a 2% fee... with 5-6k volume per day... it's a pretty profitable idea to say the least.

Interesting. Thank you for the info. Definitely a good idea from BB's shoes.