Topic: BitStamp - Bank Blocks USD Deposits (Read 2277 times)
it seems Bitstamp doesn't accept deposit anymore.
this thread is about BitStamp 
If solvency is your concern I would pay more attention to the withdraw side.
we will see many withdrawals from Bitstamp on Monday...
Regarding Bitstamp, there are two things worth mulling over.
A. Move coins out. Never hold coins in an exchange.
B. Move CURRENCY out. It does not matter if it is into USD. Move it out into Euros or whatever is convenient.
I am not connecting the dots from the DWOLLA-GOX freeze of $5M to Gox's downfall. It may have been a factor, but bank reluctance to deal with Gox wasn't the reason Gox had so much money and coin vanish.
That bank reluctance may have helped the Goxing from being FAR WORSE.
I read some stories suggesting Gox had money in bank accounts that "disappeared" like a load of bitcoins "disappeared". It was a credible story that Gox might have been hacked and had bitcoins stolen, but I do not consider it very credible that a hacker could have disappeared money out of their bank account. There is a clear money trail from bank account withdrawals. Gox sounds like an inside job to me.
Perhaps Gox's bank noticed financial irregularities from the inside job and refused to do business because of them.
BTCe FTW?
Yes i agree, BTC-E had no problems with since i have been there, if i was trading at stamp i would have been hacked already (nice trusty exchange) but they did pay everyone back so a shining light.
Can Bitstamp just use moneypolo, okay pay? Would not choose the latter but where there is a will there is a way?
interesting things happened on bitstamp 
If solvency is your concern I would pay more attention to the withdraw side.
we will see many withdrawals from Bitstamp on Monday...
Regarding Bitstamp, there are two things worth mulling over.
A. Move coins out. Never hold coins in an exchange.
B. Move CURRENCY out. It does not matter if it is into USD. Move it out into Euros or whatever is convenient.
I am not connecting the dots from the DWOLLA-GOX freeze of $5M to Gox's downfall. It may have been a factor, but bank reluctance to deal with Gox wasn't the reason Gox had so much money and coin vanish.
That bank reluctance may have helped the Goxing from being FAR WORSE.
If solvency is your concern I would pay more attention to the withdraw side.
we will see many withdrawals from Bitstamp on Monday...
They were 'too big to fail'.
In order for something to be "too big to fail" someone needs to step in to prevent them from failing aka bail them out. The fact that there is no governing authority with bitcoin means that there is no one to bail out any "too big to fail" exchange
At least you understood the joke reference...better than some others.
There are other, better exchanges. Don't see why everyone makes such a big deal of bitstamp
Bistamps is the 3rd exchange as volume and many other small exchanges are linked to them too.
If solvency is your concern I would pay more attention to the withdraw side.
we will see many withdrawals from Bitstamp on Monday...
They were 'too big to fail'.
In order for something to be "too big to fail" someone needs to step in to prevent them from failing aka bail them out. The fact that there is no governing authority with bitcoin means that there is no one to bail out any "too big to fail" exchange
At least you understood the joke reference...better than some others.
If solvency is your concern I would pay more attention to the withdraw side.
we will see many withdrawals from Bitstamp on Monday...
They were 'too big to fail'.
In order for something to be "too big to fail" someone needs to step in to prevent them from failing aka bail them out. The fact that there is no governing authority with bitcoin means that there is no one to bail out any "too big to fail" exchange
BTCe FTW?
The intermediary bank of my bank refused sending money to BTCe since August last year.
Are you sending the wire to BTc or to their payment processor bank account?
Last time I checked BTCe had no bank account listed themselves. I always sent to Mayzus (sp?).
so, Maysuz bank account has issues...
BTCe FTW?
The intermediary bank of my bank refused sending money to BTCe since August last year.
Are you sending the wire to BTc or to their payment processor bank account?
Last time I checked BTCe had no bank account listed themselves. I always sent to Mayzus (sp?).
BTCe FTW?
The intermediary bank of my bank refused sending money to BTCe since August last year.
Are you sending the wire to BTc or to their payment processor bank account?
It seems that Bitstamp has problems with its USD bank account. They no longer receive USD. All the USD payments are locked for now.
http://insidebitcoins.com/news/bank-blocks-bitstamp-usd-deposits/29681
http://insidebitcoins.com/news/bank-blocks-bitstamp-usd-deposits/29681
Bitsmap is getting down eventually . First hacked .. THey implented Multisig security , now Bank blocks USD Deposits , wondering what's going to happen next . I hope people don't ignore this warning and know when to get their money and simply walk away.
Exchangers are defeating the whole purpose of Bitcoin to be honest , I mean ... They need ID's , Residental adress , Passport . RIP being Annonymus . If someone want to trade his BTC for USD or Euro or any other currency he simply do that in forums (with trusted members)
~ Madness
BTCe FTW?
The intermediary bank of my bank refused sending money to BTCe since August last year.
Bitstamp has weathered some storms, so I wouldn't write them off just yet...where one stodgy old banker closes a door, a younger slicker smaller bank says c'mon down, we'll be happy to take your money...green is green.
In fact, small banks that truly "get it" are going to start realizing they would be better off using bitcoin to transfer funds between their own banks than the overly costly systems we have now (like ACH).
In fact, small banks that truly "get it" are going to start realizing they would be better off using bitcoin to transfer funds between their own banks than the overly costly systems we have now (like ACH).
it is very hard to open a bank account for BTC exchanges.
Some of you guys are hilarious.
How is Bitstamp having trouble getting money *in* from the US any indication that they (the exchange) are "going the way of mtgox"?
Sure, it sucks. But bank transfers being blocked for deposits is hardly the sign of an illiquid exchange. In fact, one of the things that worked on gox until the very end was sending money *in*
How is Bitstamp having trouble getting money *in* from the US any indication that they (the exchange) are "going the way of mtgox"?
Sure, it sucks. But bank transfers being blocked for deposits is hardly the sign of an illiquid exchange. In fact, one of the things that worked on gox until the very end was sending money *in*
Bitstamp has weathered some storms, so I wouldn't write them off just yet...where one stodgy old banker closes a door, a younger slicker smaller bank says c'mon down, we'll be happy to take your money...green is green.
In fact, small banks that truly "get it" are going to start realizing they would be better off using bitcoin to transfer funds between their own banks than the overly costly systems we have now (like ACH).
In fact, small banks that truly "get it" are going to start realizing they would be better off using bitcoin to transfer funds between their own banks than the overly costly systems we have now (like ACH).
BTCe FTW?
If solvency is your concern I would pay more attention to the withdraw side.
we will see many withdrawals from Bitstamp on Monday...
They were 'too big to fail'.
Mt Gox was "giant" and it failed without any problem.
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