Withdrawing BTC from MTgox 'Invalid bitcoin address, please confirm your input' - page 3.

nitrous

sr. member

Activity: 246

Merit: 250

Quote from: chungenhung on August 14, 2013, 03:30:32 AM

Quote from: nitrous on August 14, 2013, 02:01:21 AM

Quote from: xchrix on August 14, 2013, 01:45:40 AM

i am also not able to withdraw. mtgox -> one time tested -> never again
i tried to do a little abitrage.. Cheesy

its not even worth if there is 50 USD difference between prices to other exchanges.

My guess is that with the consistent >10$ difference everyone's trying some arbitrage at the moment, hence the exhaustion of the hot wallet! :O

How is that?
With Gox price higher, people would want BTC to be IN gox, so they can sell high.
But what I don't get is, how are these people getting the USD out?! Since there is almost no way to withdraw USD from Gox.

Oh yeah, good point, wasn't thinking properly. I guess people are just buying BTC and withdrawing it elsewhere, hence the continuing rise in the exchange rate. Arbitrage would then only make sense once USD withdrawal problems are sorted out.

chungenhung

legendary

Activity: 1134

Merit: 1005

Quote from: nitrous on August 14, 2013, 02:01:21 AM

Quote from: xchrix on August 14, 2013, 01:45:40 AM

i am also not able to withdraw. mtgox -> one time tested -> never again
i tried to do a little abitrage.. Cheesy

its not even worth if there is 50 USD difference between prices to other exchanges.

My guess is that with the consistent >10$ difference everyone's trying some arbitrage at the moment, hence the exhaustion of the hot wallet! :O

How is that?
With Gox price higher, people would want BTC to be IN gox, so they can sell high.
But what I don't get is, how are these people getting the USD out?! Since there is almost no way to withdraw USD from Gox.

nitrous

sr. member

Activity: 246

Merit: 250

Quote from: xchrix on August 14, 2013, 01:45:40 AM

i am also not able to withdraw. mtgox -> one time tested -> never again
i tried to do a little abitrage.. Cheesy

its not even worth if there is 50 USD difference between prices to other exchanges.

My guess is that with the consistent >10$ difference everyone's trying some arbitrage at the moment, hence the exhaustion of the hot wallet! :O

xchrix

hero member

Activity: 905

Merit: 1001

i am also not able to withdraw. mtgox -> one time tested -> never again
i tried to do a little abitrage.. Cheesy

its not even worth if there is 50 USD difference between prices to other exchanges.

nitrous

sr. member

Activity: 246

Merit: 250

I believe I heard on #mtgox on freenode IRC that this happens if the MtGox hot wallet is low on funds. It should be fixed quite soon, especially now that Japanese Business hours have started again.

voxelot

sr. member

Activity: 265

Merit: 250

just hit the same message.. thanks for opening this thread.. idk i am going to open a ticket with mt gox

zeroblock

full member

Activity: 238

Merit: 100

What happened with these BTC withdraws?

yuancraft

member

Activity: 63

Merit: 10

+1
Invalid bitcoin address, please confirm your input

mem

hero member

Activity: 644

Merit: 501

Herp Derp PTY LTD

same issue here, Ive logged a support ticket.

A quick google turns up a similar issue from 2011 which they were able to resolve once notified.

http://www.reddit.com/r/Bitcoin/comments/1j7kei/mtgox_not_proccessing_btc_withdrawals_invalid/

I also like to whinge on reddit Tongue

btctraderr

full member

Activity: 120

Merit: 100

Exactly as the title reads, address is correct, tried multiple times on different addresses, still no luck. Give me my money MTgox! Anyone had similar problem?

Topic: Withdrawing BTC from MTgox 'Invalid bitcoin address, please confirm your input' - page 3. (Read 11698 times)