Topic: What exchange would fund with 10k fiat (Read 2169 times)
Yes petemoss, that's been there for a while. It was a bad idea to send wire from the start from the US. Its a russian exchange, Russia tends to mix very badly with the US in general.
update:
I received several emails from support at btc-e. The first email was somewhat encouraging:
Hello! Your credentials are accepted. After checking by our finance department, your account will be unhold automatically.
IMPORTANT INFORMATION.The time of verification of documents takes 5 days. During the time of a check, questions are not accepted, and ticket will be closed automatically. We hope for your understanding.
Another email concerning my ticket ended with "thank you. Be patient. Have a nice day."
Well, I'm trying to be patient but with a ton of bitcoins on "money hold" and rumors of btc-e scamming depositors, I won't get much sleep in the days ahead!
Still, I'm hopeful that my coins will soon be "unholded" and removed to the safety of my wallet.
I received several emails from support at btc-e. The first email was somewhat encouraging:
Hello! Your credentials are accepted. After checking by our finance department, your account will be unhold automatically.
IMPORTANT INFORMATION.The time of verification of documents takes 5 days. During the time of a check, questions are not accepted, and ticket will be closed automatically. We hope for your understanding.
Another email concerning my ticket ended with "thank you. Be patient. Have a nice day."
Well, I'm trying to be patient but with a ton of bitcoins on "money hold" and rumors of btc-e scamming depositors, I won't get much sleep in the days ahead!
Still, I'm hopeful that my coins will soon be "unholded" and removed to the safety of my wallet.
hmm perhaps I spoke too soon. After reading more posts about btc-e, I logged on to the site and clicked deposit USD.
Under "international wire transfer" they have added this:
We don't accept international wire transfers from US Citizens or from US Banks
All transfers from US Citizens or US Bank will be refused by bank
I believe they have given up on complying with US regulations and will no longer accept US accounts. That's
bad news for me, since I still have coins stuck there under a "money hold". I'm anxiously awaiting further info.
Under "international wire transfer" they have added this:
We don't accept international wire transfers from US Citizens or from US Banks
All transfers from US Citizens or US Bank will be refused by bank
I believe they have given up on complying with US regulations and will no longer accept US accounts. That's
bad news for me, since I still have coins stuck there under a "money hold". I'm anxiously awaiting further info.
I think BTC-e is legit. They're just swamped with recent deposits so it will take time to catch up with the paperwork and regulatory compliance.
I spent my funds on btc-e while waiting for my funds to clear at Bitstamp, which just cleared yesterday. It's about 10% cheaper to buy coins at
btc-e, so I immediately asked Bitstamp to return my deposit. I'll wire the funds to btc-e where I can buy cheaper bitcoins or ltc and other cryptos.
Don't be scared to use btc-e! A $80-150 discount per coin is worth the risk IMO.
I spent my funds on btc-e while waiting for my funds to clear at Bitstamp, which just cleared yesterday. It's about 10% cheaper to buy coins at
btc-e, so I immediately asked Bitstamp to return my deposit. I'll wire the funds to btc-e where I can buy cheaper bitcoins or ltc and other cryptos.
Don't be scared to use btc-e! A $80-150 discount per coin is worth the risk IMO.
a possible discount is worth getting scammed ?
ive heard some bad reports about btc-e recently (35k ripped off ? ) and i would be reluctant to send them any signifigant
amount as they dont seem to bother replying to emails either
I think BTC-e is legit. They're just swamped with recent deposits so it will take time to catch up with the paperwork and regulatory compliance.
I spent my funds on btc-e while waiting for my funds to clear at Bitstamp, which just cleared yesterday. It's about 10% cheaper to buy coins at
btc-e, so I immediately asked Bitstamp to return my deposit. I'll wire the funds to btc-e where I can buy cheaper bitcoins or ltc and other cryptos.
Don't be scared to use btc-e! A $80-150 discount per coin is worth the risk IMO.
I spent my funds on btc-e while waiting for my funds to clear at Bitstamp, which just cleared yesterday. It's about 10% cheaper to buy coins at
btc-e, so I immediately asked Bitstamp to return my deposit. I'll wire the funds to btc-e where I can buy cheaper bitcoins or ltc and other cryptos.
Don't be scared to use btc-e! A $80-150 discount per coin is worth the risk IMO.
Do not risk with BTC-e, I waiting over week for the USD deposit to be added, no ticket answers so far!
I can second this, made a deposit on 14 November, have had a ticket logged for almost 7 days now and not a single response. Went to my bank yesterday to do at trace on the USD wire transfer. Do not risk getting USD into this exchange.
So everyone here (even in the USA) feels that Bitstamp is the way to go for large withdrawals?
Not me here in the US. I'll not be sending my identity documents to an anonymous entity located somewhere between some post-Soviet country and GB. I don't need more than $50,000 per day and Coinbase has been working well for me so far. Anyway, usually I get a better price than I would at Bitstump, and often much better. And also no wire hassles and fees.
I don't think Im gonna use coinbase anyway haha 
if you're in US, you can use coinbase and just buy that 9 bitcoins directly, just link a bank and click buy, safe as nothing else. They are only up to 10BTC per day though, and new accounts after the first purchase are on hold until it goes through, so for larger amounts you need to send to places like stamp or gox. Still, no problems, it's very simple to send money and easy to get coins out.
Terrible, terrible idea.
If the price goes up, they'll cancel your order due to 'high risk' and if the price goes down they'll keep the original price (what they were supposed to do if the price goes up as well) and let your order go through. Buying through Coinbase is like high risk no reward. Then when you want to withdraw they'll randomly lock you out of your account, locking your coins in your Coinbase account, for about 7 days while you contact support repeatedly with pretty much no answer until finally you can maybe withdraw if you're lucky.
Never use the site, I've never dealt with a more annoying company in my life.
And in contrast, I've moved thousands through them in both directions without issue.
I've bought and sold several hundred Bitcoins in Coinbase without problems. The only problem I had was that one sell order disappeared and the coins were put back in my account. After looking closely at the issue, I think the problem was this: when you sell, you're basically sending the coins to Coinbase. When I sold, a transaction was created and coins were sent to some address. That transaction was mixing coins that were not mine (this is a standard procedure in Coinbase), but the problem was that some of those unknown coins came from an unconfirmed transaction that was never confirmed and was eventually "forgotten" by the network, causing a cascading effect that reverted my sell order. Apparently when this happens, Coinbase undoes your sell order without notice. I'm not sure if now they changed this or not, but I never had this problem again.
By the way, I contacted customer support and I'm not sure if they really understood the problem, but I didn't insist because the price went up and I was glad the sell order was reverted
My recent experience was different. I bought one btc at Coinbase for $307 and then tried to buy more but was told that I'd have to wait 30 days
before buying any more. I then wired funds to BTC-e and to Bitstamp. I was able to buy btc immediately at BTC-e and proceeded to buy bitcoins. But when I tried to withdraw the btc to my wallet, they told me I'd have to wait 450 hours (or something like that) before I could withdraw! My deposit at Bitstamp is still on hold because new KYC regulations required more info such as a scan of my passport and proof of where I got the funds from and other questions. I gave them my info but have not heard anything since. Very strange because I have bought at Bitstamp before and my account is "verified". Now I don't know what to do. Should I ask them to return my deposit and just trade at BTC-e or wait for Bitstamp to accept my deposit?
before buying any more. I then wired funds to BTC-e and to Bitstamp. I was able to buy btc immediately at BTC-e and proceeded to buy bitcoins. But when I tried to withdraw the btc to my wallet, they told me I'd have to wait 450 hours (or something like that) before I could withdraw! My deposit at Bitstamp is still on hold because new KYC regulations required more info such as a scan of my passport and proof of where I got the funds from and other questions. I gave them my info but have not heard anything since. Very strange because I have bought at Bitstamp before and my account is "verified". Now I don't know what to do. Should I ask them to return my deposit and just trade at BTC-e or wait for Bitstamp to accept my deposit?
So everyone here (even in the USA) feels that Bitstamp is the way to go for large withdrawals?
There are some guys who are saying they have lost like 35k or so from btc-e or so - don't use btc-e
I have a verified account (Identity verified), everything filled out except a credit card - did you put in a credit? I have mastercharge, not visa, so its sort of an issue for me to fill that bit out. And no other explanation whatsoever.
No card on account. Verified info, tied bank account, that's it. I'll try to trade a little during the volatile time, maybe I've only been using it when the price is stable, that's why.
You never got this?
Not once, and I have ~100 trades there. I would've been terribly pissed if I ever did, so I understand why you are. Maybe they consider your bank high risk for some reason? No other explanation? Your account is definitely flagged for some reason...
Weird. I have verified 2 bank accounts, one US Bank, one Bank of America, tried both, neither worked.
I have a verified account (Identity verified), everything filled out except a credit card - did you put in a credit? I have mastercharge, not visa, so its sort of an issue for me to fill that bit out. And no other explanation whatsoever.
And its not just me, I personally know at least one other person who's been screwed over nearly as bad as I have.
You never got this?
Not once, and I have ~100 trades there. I would've been terribly pissed if I ever did, so I understand why you are. Maybe they consider your bank high risk for some reason? No other explanation? Your account is definitely flagged for some reason...
if you're in US, you can use coinbase and just buy that 9 bitcoins directly, just link a bank and click buy, safe as nothing else. They are only up to 10BTC per day though, and new accounts after the first purchase are on hold until it goes through, so for larger amounts you need to send to places like stamp or gox. Still, no problems, it's very simple to send money and easy to get coins out.
Terrible, terrible idea.
If the price goes up, they'll cancel your order due to 'high risk' and if the price goes down they'll keep the original price (what they were supposed to do if the price goes up as well) and let your order go through. Buying through Coinbase is like high risk no reward. Then when you want to withdraw they'll randomly lock you out of your account, locking your coins in your Coinbase account, for about 7 days while you contact support repeatedly with pretty much no answer until finally you can maybe withdraw if you're lucky.
Never use the site, I've never dealt with a more annoying company in my life.
Well, I guess we all have different experiences, I'm sharing mine. I've bought like a thousand btc through them and sold (less), and never once had a problem. Just saying. Not a *one* cancelled buy or sale that was executed at a price other than advertised. Yes, they have problems with not enough coins available (the "sorry we're out of BTC"), but that is the only real problem and only happens when you should not be buying, anyway. Yes, they are not suitable for intraday trading during periods volatility. But they are perfect if you just need to quickly buy 10k worth of coins without paying much premium.
You never got this?
Hi [EMAIL],
On [DATE] you purchased [AMOUNT] BTC via bank transfer for $[AMOUNT].
Unfortunately, we have decided to cancel this order because it appears to be high risk. We do not send out any bitcoins on high risk transactions, and you will receive a refund to your bank account in 3-4 business days.
Please understand that we do this to keep the community safe and avoid fraudulent transactions. Apologies if you are one of the good users who gets caught up in this preventative measure - we don't get it right 100% of the time, but we need to be cautious when it comes to preventing fraud.
You may have more luck trying again in a few weeks. Best of luck and thank you for trying Coinbase.
Kind regards,
The Coinbase Team
if you're in US, you can use coinbase and just buy that 9 bitcoins directly, just link a bank and click buy, safe as nothing else. They are only up to 10BTC per day though, and new accounts after the first purchase are on hold until it goes through, so for larger amounts you need to send to places like stamp or gox. Still, no problems, it's very simple to send money and easy to get coins out.
Terrible, terrible idea.
If the price goes up, they'll cancel your order due to 'high risk' and if the price goes down they'll keep the original price (what they were supposed to do if the price goes up as well) and let your order go through. Buying through Coinbase is like high risk no reward. Then when you want to withdraw they'll randomly lock you out of your account, locking your coins in your Coinbase account, for about 7 days while you contact support repeatedly with pretty much no answer until finally you can maybe withdraw if you're lucky.
Never use the site, I've never dealt with a more annoying company in my life.
Well, I guess we all have different experiences, I'm sharing mine. I've bought like a thousand btc through them and sold (less), and never once had a problem. Just saying. Not a *one* cancelled buy or sale that was executed at a price other than advertised. Yes, they have problems with not enough coins available (the "sorry we're out of BTC"), but that is the only real problem and only happens when you should not be buying, anyway. Yes, they are not suitable for intraday trading during periods volatility. But they are perfect if you just need to quickly buy 10k worth of coins without paying much premium.
if you're in US, you can use coinbase and just buy that 9 bitcoins directly, just link a bank and click buy, safe as nothing else. They are only up to 10BTC per day though, and new accounts after the first purchase are on hold until it goes through, so for larger amounts you need to send to places like stamp or gox. Still, no problems, it's very simple to send money and easy to get coins out.
Terrible, terrible idea.
If the price goes up, they'll cancel your order due to 'high risk' and if the price goes down they'll keep the original price (what they were supposed to do if the price goes up as well) and let your order go through. Buying through Coinbase is like high risk no reward. Then when you want to withdraw they'll randomly lock you out of your account, locking your coins in your Coinbase account, for about 7 days while you contact support repeatedly with pretty much no answer until finally you can maybe withdraw if you're lucky.
Never use the site, I've never dealt with a more annoying company in my life.
And in contrast, I've moved thousands through them in both directions without issue.
Well, you've got lucky. I don't know a single person who has gotten a BUY exchange through them after the price increased even somewhat drastically. I've tried 2 buy orders, and 1 sell order so far, and my friend tried 2 buy orders as well - in total, only my 1 sell order and one of my friend's buy order went through. There is something ridiculously wrong with that picture.
if you're in US, you can use coinbase and just buy that 9 bitcoins directly, just link a bank and click buy, safe as nothing else. They are only up to 10BTC per day though, and new accounts after the first purchase are on hold until it goes through, so for larger amounts you need to send to places like stamp or gox. Still, no problems, it's very simple to send money and easy to get coins out.
Terrible, terrible idea.
If the price goes up, they'll cancel your order due to 'high risk' and if the price goes down they'll keep the original price (what they were supposed to do if the price goes up as well) and let your order go through. Buying through Coinbase is like high risk no reward. Then when you want to withdraw they'll randomly lock you out of your account, locking your coins in your Coinbase account, for about 7 days while you contact support repeatedly with pretty much no answer until finally you can maybe withdraw if you're lucky.
Never use the site, I've never dealt with a more annoying company in my life.
And in contrast, I've moved thousands through them in both directions without issue.
if you're in US, you can use coinbase and just buy that 9 bitcoins directly, just link a bank and click buy, safe as nothing else. They are only up to 10BTC per day though, and new accounts after the first purchase are on hold until it goes through, so for larger amounts you need to send to places like stamp or gox. Still, no problems, it's very simple to send money and easy to get coins out.
Terrible, terrible idea.
If the price goes up, they'll cancel your order due to 'high risk' and if the price goes down they'll keep the original price (what they were supposed to do if the price goes up as well) and let your order go through. Buying through Coinbase is like high risk no reward. Then when you want to withdraw they'll randomly lock you out of your account, locking your coins in your Coinbase account, for about 7 days while you contact support repeatedly with pretty much no answer until finally you can maybe withdraw if you're lucky.
Never use the site, I've never dealt with a more annoying company in my life.
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