Isn't there a way for you to move operations offshore? I'm sure Chile is far more friendly towards finance related businesses than an over-regulated place like the US?
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Topic: TradeHill - shutting down trading / deposits and returning all client funds - page 5. (Read 22230 times)
February 13, 2012, 06:45:15 PM
February 13, 2012, 06:40:44 PM
Jered is there any way to withdraw money from TradeHill into MtGox or other exchange? Maybe through bitinstant... I'm from Europe and I have USD in TradeHill and I wanted to avoid high fees from a wire transfer + currency conversion.
With no paxum I have no good way of getting my usd out either. If there isn't a way I could transfer it to MtGox could you send me the equivalent in btc?
/edit:
Quote
A redeemable MtGox code would be ideal.
And how long is withdrawing btc supposed to take? Isn't it supposed to be almost instantaneous? in process... still waiting...
/edit: It just went through.
Thanks
February 13, 2012, 06:38:46 PM
Jered is there any way to withdraw money from TradeHill into MtGox or other exchange? Maybe through bitinstant... I'm from Europe and I have USD in TradeHill and I wanted to avoid high fees from a wire transfer + currency conversion.
Hi Jered, I'm in the same situation here. A redeemable MtGox code would be ideal.Cheers
February 13, 2012, 06:26:07 PM
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Combined with multiple bank account closures and Paxum's decision to close all Bitcoin business accounts, we have deemed the best course of action is to halt trading and pursue licensing while raising funds.
Guys. Tradehill is not dead dead. They just need licensing and some fundraiser, I think.
Or maybe Jered Kenna could clarify the status of Tradehill so we know that it's dead dead or just temporary dead.
Exactly, specifically concerning California licensing. We can modify our existing business while we go through the licensing process. It's in depth, expensive and not trivial.
The important part now is to return the funds to the clients and move on. As Bitcoin grows compliance becomes even more important and we're taking it seriously.
Jered
February 13, 2012, 06:25:02 PM
Jered is there any way to withdraw money from TradeHill into MtGox or other exchange? Maybe through bitinstant... I'm from Europe and I have USD in TradeHill and I wanted to avoid high fees from a wire transfer + currency conversion.
February 13, 2012, 06:24:52 PM
About how long are we looking at to get our Bitcoins back?
Immediately, submit a withdraw and they'll go out.
Jered
Thank you. Looking forward to the new site when it comes out. Good luck.
For anyone else concerned, I successfully withdrew my bitcoins from TradeHill.
February 13, 2012, 06:23:15 PM
Quote
Combined with multiple bank account closures and Paxum's decision to close all Bitcoin business accounts, we have deemed the best course of action is to halt trading and pursue licensing while raising funds.
Guys. Tradehill is not dead dead. They just need licensing and some fundraiser, I think.
Or maybe Jered Kenna could clarify the status of Tradehill so we know that it's dead dead or just temporary dead.
February 13, 2012, 06:20:33 PM
You don't mind revealing the name of the payment processor that took $100K form you? I know that Dwolla took $10K from you guys before.
Dwolla was larger than 10k and to clarify this doesn't have anything to do with the Paxum shutdown. Our relationship has been great.
We'll speak more about the processor in the future.
-Jered
February 13, 2012, 06:19:22 PM
Name of processor would be quite important for the industry to know. First of all it will definitely keep anyone in this business away from them.
Second of all, payment processor or not, this deserves to be online so that the fuckers know we know who they are.
Second of all, payment processor or not, this deserves to be online so that the fuckers know we know who they are.
February 13, 2012, 06:14:12 PM
About how long are we looking at to get our Bitcoins back?
Immediately, submit a withdraw and they'll go out.
Jered
February 13, 2012, 06:04:31 PM
It appears that bitcoin exchanges are the weakest link in the bitcoin economy.
February 13, 2012, 06:03:43 PM
February 13, 2012, 05:57:40 PM
About how long are we looking at to get our Bitcoins back?
February 13, 2012, 05:45:55 PM
Thanks Jered. I have appreciated your honesty and business ethics. I would welcome the opportunity to be an investor in your new endeavor.
February 13, 2012, 05:39:31 PM
You don't mind revealing the name of the payment processor that took $100K form you? I know that Dwolla took $10K from you guys before.
+1, such processors ought to be hunted down like the dogs they are. Perhaps there should be a 1 day (or more?) mandatory delay for deposits from untrusted payment processors. February 13, 2012, 05:38:36 PM
with the recent lack of support it hat to go down this way...
February 13, 2012, 05:38:16 PM
Hoping tradehill 2.0 will be even better.
February 13, 2012, 05:37:26 PM
You don't mind revealing the name of the payment processor that took $100K form you? I know that Dwolla took $10K from you guys before.
February 13, 2012, 05:34:58 PM
February 13, 2012, 05:34:14 PM
I wish you all the best and good luck for the future 
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