Mt.Gox not pay real money | Bitcointalksearch.org

Amitabh S

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Quote from: davout on March 19, 2013, 04:40:45 AM

Quote from: Amitabh S on March 19, 2013, 04:02:19 AM

ok this makes me very scared of using MtGox. Are there any other exchanges that do faster SEPA transfers (what about bitcoin-central?)

Bitcoin-Central rocks. Try us out.
There's also Bitstamp. Bitstamp isn't financially regulated so you have much less legal protection.

Disclaimer : I'm part of the team that operates BC :-)

I have tried out BC but only for sending euros.. and I'm very happy with the experience.. I was wondering how long it takes to withdraw euros.. I should say that deposits happen much quicker in BC compared to mtgox. Overall im very happy with both BC and mtgox when it comes to buying BTC

davout

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1davout

Quote from: Amitabh S on March 19, 2013, 04:02:19 AM

ok this makes me very scared of using MtGox. Are there any other exchanges that do faster SEPA transfers (what about bitcoin-central?)

Bitcoin-Central rocks. Try us out.
There's also Bitstamp. Bitstamp isn't financially regulated so you have much less legal protection.

Disclaimer : I'm part of the team that operates BC :-)

TomRado

newbie

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Quote from: papcio on March 18, 2013, 04:23:02 PM

Im from Poland and still wait. Mt.Gox not inform at your home page about any problems with PLN withdraws and have only copy-paste answer:

But that is answer to your question! They can't withdraw as much money from their polish account as they would like to, and it takes time.

Amitabh S

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ok this makes me very scared of using MtGox. Are there any other exchanges that do faster SEPA transfers (what about bitcoin-central?)

Pumpkin

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Quote from: papcio on March 11, 2013, 10:58:17 AM

https://mtgox.com/ not send real money to my bank account - I'm wait 15 days and recive only lies.
from techsupport.

Bitcoin is real money!

papcio

newbie

Activity: 12

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Im from Poland and still wait. Mt.Gox not inform at your home page about any problems with PLN withdraws and have only copy-paste answer:

Danny, Mar 02 03:26 (JST):
Hello,

Due to our daily bank withdrawal limit on our Polish account, all withdrawals are queued and will be processed according to the queue. Once your queue is reached, the withdrawal will be processed and I will update you on this. Our apologies once again for the inconvenience caused.

Thanks,

MtGox.com Team

Herodes

hero member

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Quote from: papcio on March 11, 2013, 10:58:17 AM

https://mtgox.com/ not send real money to my bank account - I'm wait 15 days and recive only lies.
from techsupport.

It can take 30-45 days sometimes. What you do if you want money quickly is to find a person that accept redeemable MtGox codes for bank transfer. Where are you located ?

AlexNeto

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Z-pay.io

Stapleddiet

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I had some thousands transferred within 24hrs to my bank account the other day in Australia from Gox, they have been quick every time that I have used them. The problem lies with the banking system not Gox.

papcio

newbie

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(2013/2/25) Urgent announcement on all SEPA and POLISH Deposits:
To avoid any delays or rejections when sending funds to our Polish account, please make sure to add Mt.Gox Poland address (see below) on each deposits/transfer.

No - this is only for deposit. I send PLN FROM mt.gox. Today I wait 21 days for my money. No information on mt.gox home page at any problems. Support write: wait, wait wait..... . I suggest not using this marketplace!.

JusticeForYou

vip

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Quote from: Largo on March 13, 2013, 09:14:16 PM

Quote from: papcio on March 11, 2013, 10:58:17 AM

https://mtgox.com/ not send real money to my bank account - I'm wait 15 days and recive only lies.
from techsupport.

Wait, did you try to withdraw Bitcoins to your bank account Huh

No wonder its not working, you cant withdraw real money to bank accounts Roll Eyes

(sorry couldnt resist)

LOL

Largo

member

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Quote from: papcio on March 11, 2013, 10:58:17 AM

https://mtgox.com/ not send real money to my bank account - I'm wait 15 days and recive only lies.
from techsupport.

Wait, did you try to withdraw Bitcoins to your bank account Huh

No wonder its not working, you cant withdraw real money to bank accounts Roll Eyes

(sorry couldnt resist)

niko

hero member

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There is more to Bitcoin than bitcoins.

From MtGox "funding" options (when logged in) -

Quote

(2013/2/25) Urgent announcement on all SEPA and POLISH Deposits:
To avoid any delays or rejections when sending funds to our Polish account, please make sure to add Mt.Gox Poland address (see below) on each deposits/transfer.

Perhaps this was the problem?

davout

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1davout

Quote from: AndrH on March 13, 2013, 06:35:45 AM

Really???

Yep, they moved to Poland after getting sued (and losing the case) in France by the bank they had there.
Actually they don't have any kind of license at all, do you see a financial registration number on their website? Me neither. (And Bitstamp is in the exact same situation)

That might come as a surprise to some folks, but in order to collect deposits from the public and maintain a fiat balance on their behalf you need to comply with certain licensing and auditing requirements.

The advantage of the licensing is that the customer are legally segregated from the company's funds. MtGox didn't get heavily fined in France, good for them, but if they had been fined the money would have been taken from their French account because it would legally belong to the mtgox company, not to their customers. When things are done properly, the company holding the fiat funds on behalf of its customers can go bankrupt without the client funds being in danger, because legally it does not belong to the company itself, but to its customers. Complying with the law gives the customer a much better protection.

picobit

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Decor in numeris

Quote from: repentance on March 11, 2013, 07:54:16 PM

SEPA gets bottlenecked quite often, as does Dwolla. There's not a lot MtGox can do about the transaction limits imposed by their bank. As a customer, the best you can do is search the forums and see whether there are any current SEPA/Dwolla delays before submitting your withdrawal request. If there are, you might be better off withdrawing Bitcoins to your personal wallet and selling them OTC.

Don't ever leave funds on an exchange that you're going to need at short notice for essential expenses. Never leave more than you can afford to lose on an exchange because the return of your funds is not guaranteed.

(my emphasis)

Yes there is one thing they could do: They could put a notice on the withdrawal page "today the queue for SEPA withdrawals is approximately two weeks". That would benefit the customers and themselves alike, and cause much less fear, uncertainty and doubt.

And there is something we can do too: Use bitstamp.net when selling bitcoins for euros. I have never hear about anyone having problems withdrawing from bitstamp, and personally I have only good experiences. And they are sufficiently large to have good market depth.

Zaghomat

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Quote from: davout on March 13, 2013, 05:58:43 AM

Quote from: moni3z on March 13, 2013, 12:30:58 AM

For a service that does millions a day in transactions why the hell does MtGox have such shitty banking?

That's just because they don't have a proper license to do what they do in Europe. And they know it perfectly well.

Lol really?

AndrH

newbie

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Really???

davout

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1davout

Quote from: moni3z on March 13, 2013, 12:30:58 AM

For a service that does millions a day in transactions why the hell does MtGox have such shitty banking?

That's just because they don't have a proper license to do what they do in Europe. And they know it perfectly well.

Gator-hex

hero member

Activity: 490

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Quote

For a service that does millions a day in transactions why the hell does MtGox have such shitty banking?

I suspect it's some nerd kid in his bedroom who used to trade pokemon cards and now bitcoin trading is growing out of control.

MTGOX = "Magic The Gathering Online eXchange" Tongue

http://www.youtube.com/watch?v=C5EegPifcB8

malevolent

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Quote from: davout on March 11, 2013, 11:28:51 AM

Quote from: vm1990 on March 11, 2013, 11:13:01 AM

some bank transfers can take upto 45 days in rare cases all depends which banks are involved which country's and what check have to be taken out

SEPA should theoretically be one business day.
15 days? I say fractional reserve.

lolwut? it always took me 3 business days, sometimes 4 if I sent it too late

+1 for the fractional reserve though, wouldn't be surprised if it were true...

Topic: Mt.Gox not pay real money (Read 2945 times)