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Topic: MtGox request for withdrawal denied (Read 4293 times)

newbie
Activity: 12
Merit: 0
June 12, 2011, 11:11:34 AM
#26
Just for the record, I have got a reply too and my limits have been increased.  Smiley
newbie
Activity: 12
Merit: 0
June 10, 2011, 06:40:47 AM
#25
This is really frustrating though. Essentially it means you can't get your money. Makes me worried and it is limiting the business in my case.

The posts here are helpful and now I do understand that this is not a big ass organization, but more like a bunch of guys wanting to create something? And with that comes the lack of time.

I suppose I'll try to put together a nicer package including some bank statements on my name as well to see if that helps.

I would be nice though if we had some guidelines about the requirements and how to make it easy and fast.
hero member
Activity: 868
Merit: 1000
June 05, 2011, 10:09:12 AM
#24
Usually transfers are done in a timely fashion, but the exchange is growing fast, so I believe it is not too easy to keep up with all the requests, so sometimes people may experience delays before their issues are fixed. I think we just need to be patient. Smiley
newbie
Activity: 5
Merit: 0
June 05, 2011, 06:39:05 AM
#23
Update: got reply from Mark explaining the limits, so the ball is back in my court again.
newbie
Activity: 5
Merit: 0
June 04, 2011, 02:19:09 PM
#22
No such luck here -- withdrawing does not work nor have I received a reply.
vip
Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
June 04, 2011, 09:33:26 AM
#21
I need to report that the limits were eventually lifted for my account (not entirely cancelled though).

Same for me too... not entirely cancelled, but lifted high enough so as to rarely be an obstacle for the volume I intend to do.
zby
legendary
Activity: 1594
Merit: 1001
June 04, 2011, 09:29:35 AM
#20
I need to report that the limits were eventually lifted for my account (not entirely cancelled though).
legendary
Activity: 1246
Merit: 1016
Strength in numbers
June 04, 2011, 03:49:21 AM
#19
I'm sure mtgox wouldn't mind competition if you think you can do it better.  

Unless you wanted to move your funds to the competition  Angry
newbie
Activity: 5
Merit: 0
June 04, 2011, 02:37:16 AM
#18
i sent a request today to [email protected] and got a response and increased limit just about 15minutes later.

Hmm.. I resent my request yesterday to [email protected], too, but still no reply. Now I'm really getting worried..
full member
Activity: 182
Merit: 100
June 03, 2011, 07:44:54 PM
#17
I'm sure mtgox wouldn't mind competition if you think you can do it better.  All you need is Dwolla and bitcoin apis and some email support staff.  More exchanges with USD volume would be more resilient.
hero member
Activity: 532
Merit: 505
June 03, 2011, 07:14:50 PM
#16
I've sent him the scan of my ID three weeks ago and still no answer from him.  I even tried to call the mtgox company and I managed to leave a message on their answering machine. This is really frustrating.  When was the last time that anyone got the limit lifted?  Are they really so busy - or maybe they are selective with who is allowed this privilege.

what address did you send that email to?

i sent a request today to [email protected] and got a response and increased limit just about 15minutes later.

hey guys. can you do transfers inside mtgox system??
My major account can, while others can't.
you need to activate Merchant Services in your account settings.
vip
Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
June 03, 2011, 07:03:02 PM
#15
I've sent him the scan of my ID three weeks ago and still no answer from him.  I even tried to call the mtgox company and I managed to leave a message on their answering machine. This is really frustrating.  When was the last time that anyone got the limit lifted?  Are they really so busy - or maybe they are selective with who is allowed this privilege.

Hopefully he will clarify this policy quickly, because if they don't, it's going to put a huge hamper on his business, when people discover - and start complaining loudly in droves - that their money is "stuck" there!
newbie
Activity: 53
Merit: 0
June 03, 2011, 06:59:08 PM
#14
The second limit is $10,000 a month to comply with money laundering regulations (for a non-licensed money exchanger).
zby
legendary
Activity: 1594
Merit: 1001
June 03, 2011, 12:28:31 PM
#13
I've sent him the scan of my ID three weeks ago and still no answer from him.  I even tried to call the mtgox company and I managed to leave a message on their answering machine. This is really frustrating.  When was the last time that anyone got the limit lifted?  Are they really so busy - or maybe they are selective with who is allowed this privilege.
vip
Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
June 03, 2011, 10:50:35 AM
#12
I hit this limit as well.

The main issue at hand is MagicalTux is spread thin for time.  And he appears to have not only a $1k/day limit, but some sort of monthly or other periodic limit that doesn't tell you what it is.  He acknowledged a monthly limit in a later e-mail to me but didn't say what it was.

MagicalTux lifted this for me (as well as bumped me somewhat past the $1k/day) when I sent him a PDF file containing a scan of my government-issued photo ID and a signed letter certifying it as a true and correct copy and also requesting that the limits be lifted.  It probably didn't hurt that I am able to digitally sign PDF's, a privilege I had to pay for.

He is likely just doing his best to cover his ass.  If you provide him everything he could possibly want and minimize the possibility he will have to come back to you with "no, this is not good enough", you're likely to see the best results.

To protect myself from document interception, I used password encryption on the file attachment, and included the password as a PGP-encrypted message block in the body.  I got his PGP public key from pgp.mit.edu, key ID 3C89C25F, or here: http://pgp.mit.edu:11371/pks/lookup?op=get&search=0x1C797C313C89C25F
newbie
Activity: 17
Merit: 0
June 03, 2011, 10:36:34 AM
#11
hey guys. can you do transfers inside mtgox system??
My major account can, while others can't.
newbie
Activity: 5
Merit: 0
June 03, 2011, 10:24:35 AM
#10
In my case all attempts to withdraw are being denied, regardless of the sum (the minimum I tried was 1 BTC I think).
full member
Activity: 168
Merit: 100
June 03, 2011, 10:14:20 AM
#9
how much money/BTC were you trying to move?

you're only going to be able to move like 70BTC at these prices right now unless you email them first
newbie
Activity: 5
Merit: 0
June 03, 2011, 10:08:04 AM
#8
I tried to send BTC to my wallet and MtGox said my "request was over the maximum authorized for my level of authorization." Has anybody else got this?

Yes, same problem here. This seems to be different thing than the $1000 daily limit, because I've gotten this message for several days in row now.

Emailed [email protected] 2 days ago but no reply so far.
newbie
Activity: 17
Merit: 0
June 03, 2011, 09:42:33 AM
#7
Did anyone notice that new registered users don't even have transfer funds option at all?
or is it just me?
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