Topic: MtGox withdrawal delays [Gathering] - page 207. (Read 908613 times)

In my case it's a withdrawal to a japanese domestic bank, every other transaction I've done with japanese banks is a day or two at the most, usually next day. Sorry I don't understand why you think 2 weeks is acceptable or normal at all ?

After creating a support ticket, the missing transactions showed up. I tried withdrawing more bitcoins, but those again did not show up..

You haven't mentioned which bank was used to process, neither of you. But judging by your forum handle, you don't know why this is important...

Not that many business days have passed. Also, read the fine print concerning the timing of your request, and when the bank will process a transfer after receiving it.

tl;dr do your homework

2 withdrawals in JPY, one on 8th, one on 9th Jan. Still only shows as 'confirmed', not 'processed' in Gox account history. Still no reply to numerous support queries. Still waiting, still hoping, all BTC removed from Gox account until I see my money, and regain some confidence.

I hear you, but it doesn't quite work that way. The 'premium' as you put it, is pressure building in Mt. Gox because USD aren't flowing out. However JPY is currently trading somewhat weaker than the 'outside world' value; its 104.7 USDJPY on the FX market and 101-103 USDJPY depending on which moment you check MtGox.

If you read my earlier post, I pointed out that there are delays, but JPY is flowing. Many people on here are doomsaying and calling every negative factoid 'proof' of the nefarious nature of MtGox. Unfortunately I think the general excitement of having a reason to be paranoid (because bitcoins HAS attracted a good subset of criminals looking to cheat you out of your money) has made people a little too quick to find monsters where there are much simpler and obvious explanations.

What surprises me is that people are so greedy, they are STILL trying to put through USD withdrawals instead of just sending their bitcoins to any other number of other exchanges which will process your transfer so much faster. Was it really worth the 20 bucks you made on your 500 dollar purchase?

Judging by peoples comments about support, I think that support is also split up between currencies (as in, countries). It sounds like USD support is way, way slower. JPY took about 4 business days per reply.

i feel like a lottery winner... i GOT AN EMAIL FROM MtGOX today!!! what is this phenomenon? it's unheard of. 

Bankruptcy and criminal fraud are different. At this moment, the former is closer. Several dishonored bills to the creditors may cause bankruptcy. If they go bankrupt, they won't be under arrest, just restricted for future business. Instead, the victims need civil court case.

Perhaps auditors and banks impose strict cash flow to protect their capital I believe. Otherwise the situation is getting worse faster. I would like to see their financial statements...

Carp about it occasionally on troll-talk.  Log everything in some directory on your computer in case some realistic opportunity of making Mt. Gox suffer for the pain they inflicted comes up.

ok, new to this thread but mt gox owes me just over $200 and it has been 2 months almost. do i have any recourse?

Exactly, the fact they are claiming that the local JP banks are backlogged is horse shit.   JP banks were humming along fine the day after the holidays.   A few thousand domestic transfers does not bring the JP banking system to a grinding halt.   I'd be weary of keeping any large amounts of money/btc with them from this point out.

At least for EUR, this is not true. SEPA withdrawals have always taken weeks, long before any sort of SWIFT problems surfaced.

Notice the pattern. First USD withdrawals slowed down and stopped. Then EUR.  Now JPY.  Some days, BTC. This just screams "out of money" and "getting close to the collapse".

Make sure that the Japanese police have the fingerprints of the Mt. Gox management on file.

i cashed out about 10k USD in mid november which didn't arrive on my bank account yet.

today i sent another message to mtgox support, so let's see.

does anybody know whats the estimated withdrawal time for mid november cashouts ?

mostly its take 72 hours then sender can solve this issue I have many time and taking every time 72 hours

It looks like mtgox is having btc withdrawal issues again. My tx are double spends. How soon can I expect this to be resolved?

How about staying on topic.

Please correct the current estimation: Also I'm trying myself for several currencies and banks.

EUR : 4-6 weeks (SEPA via Polish bank)
JPY :  8days (JNB) - 2 weeks (other Japanese banks)

SWIFT Wire transfer is in congestion.
USD : 3 month or more (shorter if you pay 5% extra)
GBP : 3 month or more (better use SEPA conversion)
CAD : 3 month or more (5% extra works as well?)

I realise they impose the limit and interval among requests, I'm not sure if they can handle multiple request across the methods(SEPA, JPY and SWIFT). Has anyone tried?

Interesting insights. In fact there are many fraud cases in Japan with or without accusation. They have FTC-like organisation and it works well but not working well for foreign-based companies unfortunately. They don't need religious discipline as they have common sense based on a single race and unique education. Once a foreigner is involved in case, it is not easy to deal with. Anyway, at the moment MtGOX is not breaching the law. Just they have bad service that is it.

It is also curious you mention that bitcoin is not that popular for most people in Japan. They might know negative side of deflating currency.

I was a bit unclear in that rant, I know. I myself don't know how I feel about Mark, whether he is good or bad. He still has my business, though.

Some questions:

What are people's experiences with other domestic transfers? What are the delays like for other banks? JNB?