Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33308.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: epetroel on May 17, 2013, 09:46:06 AM

Quote from: y2kcamaross on May 17, 2013, 09:41:34 AM

you still have a $1,000 daily limit with that, you need some notoarized crap to raise it

If you are verified you can submit a support request an increase to your daily limit up to $10,000 per day (no notarized crap required). You are still subject to a $50,000 monthly limit though.

The notarized/apostilled docs are required to move the $50,000 monthly limit up to $500,000.

This is exactly how it is. Big money already has their "notarized crap" done and uses wire transfers. Dwolla is for small fishes.

Without notarizing anything you can still get $10k per day and $50k per month

DougTanner

sr. member

Activity: 280

Merit: 250

A full recovery from that Dwolla nonsense. Glad I just held.

bito

newbie

Activity: 57

Merit: 0

Quote from: samson on May 17, 2013, 10:00:50 AM

This same thing comes up every day in the MtGox support channel on IRC - they should really make it clearer as a lot of people get verified and then don't appear to realise they can just increase the limits by sending an email in.

Well sorry for all the noise then.

However you must agree that since everything is not clear about Gox and verification and moving money around, it isn't surprising that SWIFT is not thought of as a option for the uninitiated. I'm comfortable with it now, after doing some smaller test transactions to determine what the interbank charges were, which fortunately are none for me. Becoming verified did take some time too, since their site said I didn't need to send my government issued ID, but it really was required.

ChartBuddy

legendary

Activity: 2268

Merit: 1782

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Miz4r

legendary

Activity: 1246

Merit: 1000

Well guys I think it's time to take a little break, breaking down these walls is really hard work and all you know. Let's resume our job in 2 hours or so. Tongue

samson

legendary

Activity: 2097

Merit: 1070

Quote from: bito on May 17, 2013, 09:57:46 AM

Quote from: samson on May 17, 2013, 09:53:03 AM

No - here's the exact text from the website - be sure to read it all - especially the bit near the end where it says you just have to email them to increase the daily limit by upto 10x and the monthly limit by upto 5x :

Awesome, I'm glad you pointed that out to me, I wont bother with that then!

Although I think it's interesting that the 10 fold increase matches level 2 status.

This same thing comes up every day in the MtGox support channel on IRC - they should really make it clearer as a lot of people get verified and then don't appear to realise they can just increase the limits by sending an email in.

bito

newbie

Activity: 57

Merit: 0

Quote from: samson on May 17, 2013, 09:53:03 AM

No - here's the exact text from the website - be sure to read it all - especially the bit near the end where it says you just have to email them to increase the daily limit by upto 10x and the monthly limit by upto 5x :

Awesome, I'm glad you pointed that out to me, I wont bother with that then!

Although I think it's interesting that the 10 fold increase matches level 2 status.

Coinseeker

sr. member

Activity: 252

Merit: 250

samson

legendary

Activity: 2097

Merit: 1070

Quote from: bito on May 17, 2013, 09:47:21 AM

Quote from: samson on May 17, 2013, 09:44:26 AM

Not quite - you just have to email them to increase it :

I think you are talking about “Trusted” Status (Level 2).

https://support.mtgox.com/entries/20919111-AML-Account-Statuses

Says "All document required for "trusted” accounts must be notarized with apostille and sent by priority mail to the address at the bottom of this page."

No - here's the exact text from the website - be sure to read it all - especially the bit near the end where it says you just have to email them to increase the daily limit by upto 10x and the monthly limit by upto 5x :

Quote

2. "Verified" Status (Level 1)

Please be advised that if you wish to use SEPA and Wire transfer to transfer your funds, you will have to become a verified member.

Being “verified” has the following limits:

Traditional Currencies

Daily withdrawal limit (24hrs): 10,000 USD (or equivalent)

Monthly withdrawal limit: 50,000 USD (or equivalent)

Bitcoin

Daily Bitcoin withdrawal limit (24hrs): 1,000 BTC

Monthly Bitcoin withdrawal limit: none

Requirements:

A valid copy of a government issued photo ID and proof of residence (less than 3 months old) - E.g. A utility or phone bill.If your documents are not in Japanese, English, or do not have Latin script, they need to be translated and then notarized before uploading.

The "verified" status is designed for active traders and/or small companies.

After you have been verified, if you would like to request a withdrawal limit increase (up to 10x your current daily limit, and up to 5x your current monthly limit), please contact [email protected] with the below.

Wallet (BTC/USD/ETC):
New Daily Limit:

Wallet (USD/EUR/ETC):
New Monthly Limit:

Jaroslaw

member

Activity: 84

Merit: 10

supernode

Sorry guys i need to dump some coins right now.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: SlipperySlope on May 17, 2013, 08:34:52 AM

The sustained rally, having broken through the resistance at $116, is now facing resistance at $120 and beyond that $125.

I've said it in another thread, I'll say it again: I really appreciate your posts. Initially I suspected you're posting with a bit of a bearish agenda, but I was wrong: you let evidence guide your analysis, not wishful thinking.

btw, I'm not saying you're not bearish anymore, I suspect you still are, mid-term at least, but I respect your opinion a whole lot more than that of others because you genuinely seem to be interested in predicting shit, not in publishing post-hoc reasons for your trading decisions like most of us shlubs are :P

epetroel

sr. member

Activity: 431

Merit: 251

Quote from: samson on May 17, 2013, 09:45:42 AM

Quote from: bito on May 17, 2013, 09:42:26 AM

US$50k+ means a 32 day wait for all your money if you are verified

Considering the limits on Dwolla were $5k I don't think this is going to be an issue for most Dwolla users.

You can only deposit $5k at once with Dwolla, but you can withdraw more (done it many times). Also, the $5k limit is just per transaction. After you send 5k, you can just submit another deposit for more if you want.

bito

newbie

Activity: 57

Merit: 0

Quote from: samson on May 17, 2013, 09:44:26 AM

Not quite - you just have to email them to increase it :

I think you are talking about “Trusted” Status (Level 2).

https://support.mtgox.com/entries/20919111-AML-Account-Statuses

Says "All document required for "trusted” accounts must be notarized with apostille and sent by priority mail to the address at the bottom of this page."

epetroel

sr. member

Activity: 431

Merit: 251

Quote from: y2kcamaross on May 17, 2013, 09:41:34 AM

you still have a $1,000 daily limit with that, you need some notoarized crap to raise it

If you are verified you can submit a support request an increase to your daily limit up to $10,000 per day (no notarized crap required). You are still subject to a $50,000 monthly limit though.

The notarized/apostilled docs are required to move the $50,000 monthly limit up to $500,000.

samson

legendary

Activity: 2097

Merit: 1070

Quote from: bito on May 17, 2013, 09:42:26 AM

US$50k+ means a 32 day wait for all your money if you are verified

Considering the limits on Dwolla were $5k I don't think this is going to be an issue for most Dwolla users.

This is why it's not going to affect the price much as the big buyers are already using wire transfers.

samson

legendary

Activity: 2097

Merit: 1070

Quote from: y2kcamaross on May 17, 2013, 09:41:34 AM

you still have a $1,000 daily limit with that, you need some notoarized crap to raise it

Not quite - you just have to email them to increase it :

Quote

The "verified" status is designed for active traders and/or small companies.

After you have been verified, if you would like to request a withdrawal limit increase (up to 10x your current daily limit, and up to 5x your current monthly limit), please contact [email protected] with the below.

bito

newbie

Activity: 57

Merit: 0

US$50k+ means a 32 day wait for all your money if you are verified

y2kcamaross

full member

Activity: 226

Merit: 100

Quote from: samson on May 17, 2013, 09:40:27 AM

Quote from: bito on May 17, 2013, 09:30:31 AM

Quote from: samson on May 17, 2013, 09:21:41 AM

You're completely wrong though. If you want to make a withdrawal from MtGox you simply do a wire transfer.

There are withdrawal limits for transferring cash out of MtGox though.

https://support.mtgox.com/entries/20919111-AML-Account-Statuses

Yes, you have to get 'verified' which for most people won't be an issue.

It's just a matter of sending a copy of your ID and a utility bill and waiting for them to approve it.

you still have a $1,000 daily limit with that, you need some notoarized crap to raise it

samson

legendary

Activity: 2097

Merit: 1070

Quote from: bito on May 17, 2013, 09:30:31 AM

Quote from: samson on May 17, 2013, 09:21:41 AM

You're completely wrong though. If you want to make a withdrawal from MtGox you simply do a wire transfer.

There are withdrawal limits for transferring cash out of MtGox though.

https://support.mtgox.com/entries/20919111-AML-Account-Statuses

Yes, you have to get 'verified' which for most people won't be an issue.

It's just a matter of sending a copy of your ID and a utility bill and waiting for them to approve it.

bito

newbie

Activity: 57

Merit: 0

Quote from: samson on May 17, 2013, 09:21:41 AM

You're completely wrong though. If you want to make a withdrawal from MtGox you simply do a wire transfer.

There are withdrawal limits for transferring cash out of MtGox though.

https://support.mtgox.com/entries/20919111-AML-Account-Statuses

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