Author

Topic: Wiring money onto MTgox before verification? (Read 3075 times)

legendary
Activity: 2506
Merit: 1010
April 08, 2013, 04:11:07 AM
#2
I realize my withdrawls will be restricted, but as long as I can buy bitcoins fast, this is fine.

If they initiated the status that you are required to verify, then your account is like being locked until you verify.   If you send funds via bank wire but have a pending verification (or send the funds prior to beginning the verification step), you should be able to buy bitcoins with those funds. There's no guarantee as Mt. Gox can freeze the account for AML verification at any time but if you just send the funds and are not using Tor, you should be able to buy coins with them.
sr. member
Activity: 257
Merit: 250
Not trusting third parties with my private keys
What happens if I wire money to MTgox before verifying my account?  If I upload the ID, will they approve it fast when the wire arrives?  I don't want to wait two weeks in the 14,000 person line.  I realize my withdrawls will be restricted, but as long as I can buy bitcoins fast, this is fine.

From MTgox:
Quote
If you plan to invest more than 50000 USD or equivalent on the long term in bitcoins, we need to know about you. In this case please use our verification system to get your account verified first.

Please also be advised that all deposits are subject to an ID check by our AML team and this process would take up to 1 business day. First-timer depositors are requested to upload their copy of the official ID to facilitate this process (you will not have to be fully verified at this point if your deposit is lower than 50,000 USD)
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