Topic: MtGox withdrawal delays [Gathering] - page 231. (Read 908613 times)

Best of luck to everyone. I'm finally 100% out of gox. They sent me my last few hundred coins just after the crash (took 4 days to withdraw BTC).

This thread was fun while it lasted, but glad its no longer relevant.

Because MtGox has a superior API, superior features (e.g. multi-currency trading) and superior order book depth.  And people trust MtGox more than Bitstamp.  (Yes, really.)

" SEPA Withdrawals:

Due to the daily withdrawal limits imposed by our European bank, all fund transfers to SEPA accounts in Europe will take 8 weeks or more depending on the size of your withdrawal. "



This guys have no sense of absurd at all !!! No more gox for me !

Or you can buy 20BTC and have your money out in an hour or two.   But then you wouldn't have a reason to bitch and moan I suppose.

Stockholm syndrome?

I personally refuse to use gox anymore as they treat their customers like they dont matter.

Minor point of correction.  Mt. Gox did indeed lose BTC in a very real way.  They sent a weeks worth of profit into a black hole once due to a coding error, and those coins are completely gone from circulation forever.  They made their customers whole out of their own profits of course.  Mt. Gox has also been hacked and lost data to an insider.

In contrast, Tradehill was never to my knowledge hacked.  Some people claim that they were never made whole after the various Tradehill-I shutdown, but the same claim is made for every service that shuts down.  All I can say is that I received a check for my fiat balance in full and in a timely manner, and of course I had the opportunity to withdraw my BTC balance at my leisure.  I never kept a BTC balance with them anyway.

At the end of the day, Tradehill made me whole while Mt. Gox has been sitting on my $5k for three months now and there is no sign that I will ever get my funds...other than it remaining vaguely possible since they have yet to close shop and take off with the money.

Currently, Bitstamp is a shitty place to sell because more desperate small-time/crooked sellers are there pushing the price down.  Bitcoin-E even worse.  In any event, I would not do business with either as long as they are not up-front about who I'm entrusting funds (and more importantly, my identity doc scans) to.

Coinbase is really coming through for me as an American seller who has no criminal things going on.

So many trolls hating on mtgox, reminds me of the 2011 spectacle. Good thing I didn't listen then, and won't listen now. Still haven't lost a single bitcoin to faulty services, unlike tradehill and bitcoinica that was promoted as 10x as safe as mtgox back then by 90% of the forum posts. I still don't get those who trust bitstamp over mtgox, but that is just my own view perhaps. Seems alot of people are confusing security with fast money transfers. Which is probably because the other exchanges don't have the same volum yet anyway .. or because they don't prioritize security over speed.

In different country,  the view of govement is different at bitcoin. US GOV thinks MTGOX is very helpful to dark econmy(like SL/money laundry etc) and set many limits to MTGOX.   Bitstamp already requests personal information when user want to make bitcoin trade in Bitstamp.  Many small bitcoin exchange websites have been created in last two years. All of them to be closed is impossible.

Questions for you guys

if bitstamp or else have same exchange rate or better than cheatgox ,why people are still using them?

Proof: They issue Ripple USD (electronic money according to 2009/110/EC) without the required license.

There are grey areas as well.  E.g. Bitstamp don't think they need to be licensed as a payment provider to operate at this scale, while MtGox's attorneys think MtGox do.  MtGox operates safely by staying within limits while applying for a license.  Bitstamp may hit a brick wall if regulators decide they do need a license.  (Assuming Bitstamp process roughly the same number of fiat transactions, but their number may be significantly lower of course.)

At last, after over 5 days Mtgox has made the withdrawal. I suffered a lot for your fault Goodbye forever MtGox.

UPDATE: finally the money arrived at my bank account.

This process took about 6 months and I had to pay a 5% fee of the total transfer to "expedite" the transfer. (total transfer was in the thousands).

Just FWIW, here's a partial checklist I use these days:

 - Is the domain name registration cloaked?

 - Is the identity of the company principles a guarded secret?

 - Is the business registered in the country in which they operate?

Of course these markers are not a one-to-one match with long-con operations, or operations which eventually pack up shop (with customer's funds) when a certain set of circumstances arise, but there does seem to be a strong correlation.

I only ever did business with Mt. Gox (or tried to) because they did not display these markers.  One of the reason I choose to avoid Bitstamp was because they do seem to.  In no instance to date have I ever entrusted more funds to ANY business than I can afford to lose...and have a chuckle while doing so in fact.

It pisses me off that Mt. Gox has my ID documents now and I have nothing to show for it, but I would be even more alarmed if either Bitstamp or Paymium had them.

I would advise caution if you are hoping to 'stick it to the man' as an excuse for not demanding all available mechanisms to protect your own ass.  Scammers in this environment will leverage that mindset among their userbase to their advantage sometimes.

Just to report that my second september withdraw has arrived, and that I have no more neither fiat nor btc there. Thank you mtgox, and good bye

Hello,

do you have any proof that Bitstamp operates illegal?!?
I needed there also validation with ID and Postadress.

To be not Regulated in the UK doesnt mean their Service is illegal. (I doubt that this would last long in the UK).
What interest me is as an Investor is that the service is working, honest and trustwothy!
When regulation makes the company like gox in the end, i hope they stay unregulated.

Remember Bitcoins intension was to empower the people, not to devote them under the banks (regulation) again...

AFAIK there is no other way than to ask the recipient.  I have hard rumours of an unpublished API call to check if an address belongs to MtGox (money/bitcoin/check_recipient), but it looks like it needs special permissions or perhaps it is depreciated.  I always get the error "Must be logged in" when trying, and I do use my credentials when calling it.

Aha maybe it was to a gox address, i dont know?

How would i check to make sure its gone through then if it was to a gox address?

This doesn't mean much without more information.  If the address belong to a MtGox account, the transaction will be instant and never hit the blockchain.  (Unless you check Open transaction, which makes it go via the blockchain and require six confirmations like other deposits to MtGox.)  I'm not saying you are wrong and MtGox support is right, but we can't know that without more information. 

hahahah and a half hour ago, they send me this e-mail:

Eiden, Nov 09 05:44 (JST):
Hello,

Thank you for the email. Could you please let us know if you have any pending BTC withdrawal in your Mtgox account,we can see there is no pending withdrawals in your account.

Best regards,

Mt.Gox Team

Okay people, longest bitcoin transaction in the history of bitcoin here we are:

2013/10/22
04:30:22
withdraw      26.60000000 BTC   0.06053890 BTC
Bitcoin withdraw to 19LFwJJCD664WMFSvv2K7n1saETAVUjThA


That's a BTC withdraw from gox, on 10/22 for 26BTC. Note that the address has never been used.

I've many more withdraws since then, most only a couple days old though, which haven't gone through.