Topic: Bitfinex USD withdraws delays (Read 364 times)

Probably because Bitcoin withdrawals work properly? At the end of the day they are able to move their money out of the exchange if the want to, they just need to use other exchange to convert it to dollars.

How to judge their stability/ liquidity ? It is just that bit easier to operate an exchange without withdraws, especially if you can't cover all withdraws. That is my scare. But if I can double the investment quickly ... might be worth. I just do not want to burn again like with Mtgox.

Poloniex and Bitfinex both have withdraw delays or not processing all together.

On Bitfinex is from few months. No one is panicking and hepefully no reason to. I am just researching using these exchanges ... and want to know more about them. Why people are not bothered by this situation ?




https://www.bitfinex.com/posts/201

if you want withdraw from poloniex in your USD balance only support USDT
until now bitfinex still close withdraw use bank transfer wire

Have a look at their reply to an email asking them about deposits. They state they currently don't process EUR/USD withdrawals:

https://bitcointalksearch.org/topic/m.20216129

Guys, what is the experience like for withdrawing USD from Bitfinex. The following post reads there can be severe delays depending on where you are withdrawing from..

https://www.bitfinex.com/posts/203




As noted in our prior announcement, US correspondent banks continue to block international wires. USD, however, continues to flow domestically in Taiwan and other channels have been slowly ramping up as evidenced by the price spreads narrowing between Bitfinex and other exchanges. Unfortunately, the solutions available to us at the moment are limited to specific customer profiles in certain jurisdictions, though we are working tirelessly to expand our portfolio of deposit and withdrawal options (including support for other fiat currencies) to meet the needs of our global customer base. If and when a customer qualifies for one of these channels, we will reach out to the customer. There is no need to inquire by means of a support ticket.

We have, however, moved the majority of our funds out of Taiwan and the “one-time” withdrawal solution discussed in the prior announcement is coming online. Unfortunately, due to the cumbersome nature of the settlement procedure, we are processing these requests in descending order of size as we learn how to handle the process more efficiently. For the time being, we will only process requests above $50,000 in size. We believe that by the time we are able to get to the smaller withdrawals, other, less cumbersome withdrawal solutions will become more widely available. If you are interested in this option, please submit a normal withdrawal request and reference in a support ticket with subject “USD settlement request” - we will contact you when we are ready to process that withdrawal.

We are deeply grateful for the patience and forbearance that our customers and shareholders have shown us as we work to restore normal operations. We apologize for the inconvenience and look forward to resolving these problems in the coming weeks.