MtGox withdrawal delays [Gathering] - page 290.

Mushoz

hero member

Activity: 686

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Bitbuy

Quote from: bliljerk101 on August 30, 2013, 07:40:49 AM

Quote from: Vezunchik on August 30, 2013, 07:27:36 AM

Now I can't withdraw even BTC! Watch out - this can be not simple site malfunctioning! May be MtGox started it's collapse. (Details here).

Quote from: Mushoz on August 30, 2013, 07:37:13 AM

Are you getting an "Invalid bitcoin address, please confirm your input" error as well?

I withdrew BTC a few hours ago... It seemed very fast and reliable. Are you sure?

Yesterday, my withdrawals were fine. Today, not so much. Not sure what is going on. Probably a bug on their end. I've already submitted a ticket, but haven't received a reply yet.

solex

legendary

Activity: 1078

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100 satoshis -> ISO code

I withdrew BTC a few minutes ago and they went fine to a webwallet within seconds.

Vezunchik

sr. member

Activity: 420

Merit: 250

bitcoin is an expression of freedom.

As usual for Ponzy-like schemes. Bahhhh and and it fails. And a few minutes ago everything was excellent...

Quote from: bliljerk101 on August 30, 2013, 07:40:49 AM

Quote from: Vezunchik on August 30, 2013, 07:27:36 AM

Now I can't withdraw even BTC! Watch out - this can be not simple site malfunctioning! May be MtGox started it's collapse. (Details here).

Quote from: Mushoz on August 30, 2013, 07:37:13 AM

Are you getting an "Invalid bitcoin address, please confirm your input" error as well?

I withdrew BTC a few hours ago... It seemed very fast and reliable. Are you sure?

Vezunchik

sr. member

Activity: 420

Merit: 250

bitcoin is an expression of freedom.

Yes

Quote from: Mushoz on August 30, 2013, 07:37:13 AM

Quote from: Vezunchik on August 30, 2013, 07:27:36 AM

Now I can't withdraw even BTC! Watch out - this can be not simple site malfunctioning! May be MtGox started it's collapse. (Details here).

Are you getting an "Invalid bitcoin address, please confirm your input" error as well?

bliljerk101

member

Activity: 90

Merit: 10

Quote from: Vezunchik on August 30, 2013, 07:27:36 AM

Now I can't withdraw even BTC! Watch out - this can be not simple site malfunctioning! May be MtGox started it's collapse. (Details here).

Quote from: Mushoz on August 30, 2013, 07:37:13 AM

Are you getting an "Invalid bitcoin address, please confirm your input" error as well?

I withdrew BTC a few hours ago... It seemed very fast and reliable. Are you sure?

Mushoz

hero member

Activity: 686

Merit: 500

Bitbuy

Quote from: Vezunchik on August 30, 2013, 07:27:36 AM

Now I can't withdraw even BTC! Watch out - this can be not simple site malfunctioning! May be MtGox started it's collapse. (Details here).

Are you getting an "Invalid bitcoin address, please confirm your input" error as well?

Vezunchik

sr. member

Activity: 420

Merit: 250

bitcoin is an expression of freedom.

Yes, MtGox is collapsing now.

Vezunchik

sr. member

Activity: 420

Merit: 250

bitcoin is an expression of freedom.

Now I can't withdraw even BTC! Watch out - this can be not simple site malfunctioning! May be MtGox started it's collapse. (Details here).

bliljerk101

member

Activity: 90

Merit: 10

Quote from: FreeTrade on August 30, 2013, 05:58:08 AM

I wouldn't believe anything they tell you.

As far I can see, they're trying to get USD holders to take a 10% writedown to compensate MtGox for the funds they had confiscated by the US.

They might well be blacklisted from doing any trades in USD - maybe because of of money laundering considerations, or maybe because of US trade protectionism (favouring US exchanges).

Anyway, I'm not sure there is a 'queue' at all . . . maybe just a pool of dummies like you and me who haven't accepted the 10% writedown yet.

I certainly hope that is not the case... I take it you're waiting as well? When did you withdraw? Was it greater than 10k like joesmoe?

I have read there is no issue with transfer to JPY. If it comes down to it, I may consider opening a Japanese bank account. The only problem with Yen is that it is particularly unstable right now and has been declining rapidly since last year because of trade sanctions imposed by China. In the long term, that might be a good thing... Short term, it may result in loss.

FreeTrade

legendary

Activity: 1428

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Quote from: bliljerk101 on August 30, 2013, 05:52:09 AM

Is it possible to divide withdrawals into multiple smaller chunks less than $10k? That is what I was hoping to do ever since I read their FAQ...

I wouldn't believe anything they tell you.

As far I can see, they're trying to get USD holders to take a 10% writedown to compensate MtGox for the funds they had confiscated by the US.

They might well be blacklisted from doing any trades in USD - maybe because of of money laundering considerations, or maybe because of US trade protectionism (favouring US exchanges).

Anyway, I'm not sure there is a 'queue' at all . . . maybe just a pool of dummies like you and me who haven't accepted the 10% writedown yet.

bliljerk101

member

Activity: 90

Merit: 10

Quote from: joesmoe2012 on August 30, 2013, 05:41:28 AM

Yes and Yes. I actually had apostilled docments mailed off to japan ages ago.

Perhaps this is the reason it has taken so long for you then, on top of their behind schedule, of course. Their FAQ says that withdrawals over $10k can take several weeks.

Is it possible to divide withdrawals into multiple smaller chunks less than $10k? That is what I was hoping to do ever since I read their FAQ...

joesmoe2012

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Activity: 882

Merit: 501

Ching-Chang;Ding-Dong

Quote from: bliljerk101 on August 30, 2013, 05:18:28 AM

Quote from: joesmoe2012 on August 30, 2013, 04:15:58 AM

Quote from: bliljerk101 on August 30, 2013, 03:52:05 AM

Anybody withdraw to USD (USA bank) in the past 2-3 weeks? I mean a brand new request within the last 2-3 weeks, and received the withdrawal timely?

I intend to start a number of withdrawals soon. Just waiting for my account to finish processing through the verification queue.

Still waiting from June 17th from my USD withdraw.

Jeez... Is this for more than $10,000 USD? Are you notary verified?

Yes and Yes. I actually had apostilled docments mailed off to japan ages ago.

FreeTrade

legendary

Activity: 1428

Merit: 1030

Quote from: sturle on August 27, 2013, 03:13:17 PM

Quote from: FreeTrade on August 27, 2013, 02:43:04 PM

Waiting since 2nd July 2013 06:54:11 for USD withdrawal to European Bank.

Support have not been able to provide a date when they expected to be able to process the withdrawal.

You should cancel it and withdraw EUR via SEPA instead. You will have your money in less than a week.

Well I tried to do this. MtGox told me I should cancel the transfer, buy Bitcoins on their exchange (at the 10% markup, and commission), then sell on their exchange for Euro (another MtGox commission) and try to do a SEPA withdraw.

Now I understand a company can have problems, and those problems might very well be caused by someone else . . but their reaction to it is to try to push those losses on their customers, and profit from it through additional commissions. It wouldn't surprise me if MtGox was doing arbitrage on their own exchange. Pretty shabby behaviour.

bliljerk101

member

Activity: 90

Merit: 10

Quote from: joesmoe2012 on August 30, 2013, 04:15:58 AM

Quote from: bliljerk101 on August 30, 2013, 03:52:05 AM

Anybody withdraw to USD (USA bank) in the past 2-3 weeks? I mean a brand new request within the last 2-3 weeks, and received the withdrawal timely?

I intend to start a number of withdrawals soon. Just waiting for my account to finish processing through the verification queue.

Still waiting from June 17th from my USD withdraw.

Jeez... Is this for more than $10,000 USD? Are you notary verified?

joesmoe2012

hero member

Activity: 882

Merit: 501

Ching-Chang;Ding-Dong

Quote from: bliljerk101 on August 30, 2013, 03:52:05 AM

Anybody withdraw to USD (USA bank) in the past 2-3 weeks? I mean a brand new request within the last 2-3 weeks, and received the withdrawal timely?

I intend to start a number of withdrawals soon. Just waiting for my account to finish processing through the verification queue.

Still waiting from June 17th from my USD withdraw.

bliljerk101

member

Activity: 90

Merit: 10

Anybody withdraw to USD (USA bank) in the past 2-3 weeks? I mean a brand new request within the last 2-3 weeks, and received the withdrawal timely?

I intend to start a number of withdrawals soon. Just waiting for my account to finish processing through the verification queue.

joesmoe2012

hero member

Activity: 882

Merit: 501

Ching-Chang;Ding-Dong

Quote from: Jhantor on August 30, 2013, 02:20:04 AM

Quote from: solex on August 28, 2013, 10:47:18 PM

Quote from: Jhantor on August 28, 2013, 09:38:13 PM

Quote from: Syke on August 28, 2013, 07:21:55 PM

I cancelled my transfers and took the 5% special transfer wire option. Funds landed in my bank 3 days later.

What's this?

MtGox's bank will do one manual transfer a day for them, at an eye-gouging rate of commission.

How do you set this up? Wouldn't it still be profitable with the 8% spread between Bitstamp and Mtgox?

Not really, the wires take days to go through.

Jhantor

newbie

Activity: 21

Merit: 0

Quote from: solex on August 28, 2013, 10:47:18 PM

Quote from: Jhantor on August 28, 2013, 09:38:13 PM

Quote from: Syke on August 28, 2013, 07:21:55 PM

I cancelled my transfers and took the 5% special transfer wire option. Funds landed in my bank 3 days later.

What's this?

MtGox's bank will do one manual transfer a day for them, at an eye-gouging rate of commission.

How do you set this up? Wouldn't it still be profitable with the 8% spread between Bitstamp and Mtgox?

flound1129

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www.multipool.us

Quote from: sturle on August 29, 2013, 10:50:47 AM

Quote from: joesmoe2012 on August 29, 2013, 10:43:27 AM

There is so much misinformation in this thread that it's not even funny.
I just watched a withdraw go from preparing to confirmed. Took about 10 minutes.

Sounds about right. It is now in the queue for being sent to the bank. Next step is pending (sent to the bank) then processed (transfer completed by their bank).

The issue isn't status not changing, it's the indefinite wait between 'confirmed' and 'pending'.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: sturle on August 29, 2013, 10:50:47 AM

Quote from: joesmoe2012 on August 29, 2013, 10:43:27 AM

There is so much misinformation in this thread that it's not even funny.
I just watched a withdraw go from preparing to confirmed. Took about 10 minutes.

Sounds about right. It is now in the queue for being sent to the bank. Next step is pending (sent to the bank) then processed (transfer completed by their bank).

This is the correct sequence. Unfortunately, "confirmed" just means that Mt Gox have deducted the funds from the trading account and are waiting to action the transfer, which could be days, weeks or months later.

My problem with MtGox is simply that there is no way of knowing whether they are actually improving their banking situation, or whether they are treading water and may be forced to shut up shop at any time. Their early August communique had nothing to indicate that they are really making progress on the fiat transfer problem, and nothing about whether they are even attempting to get the MSB licences to get FinCen off their backs.

Topic: MtGox withdrawal delays [Gathering] - page 290. (Read 908613 times)