Bitcoin Forum

Hey

Can someone please answer the following question:
Do you need to have a "verified" account inorder to deposit funds/buy bitcoins from them? Their terms got me kinda confused..

Under "deposit funds" there is a following message:
"Funds deposited with Mt.Gox must come from the bank account with the name that matches the owner of the Mt.Gox account. "
Yet further down the page they provide bank details for a transaction to fill your Mt Gox acc.
Kinda weird they provide bank details to a "unverified" accounts, if you are not allowed to deposit any founds unless they know your personal details. Dont wanna send any money & having them stuck somewhere in a limbo cause they wont credit my acc unless its verified. Or did i misunderstood the whole thing?

Hope someone can answer this for me, thanks in advance:)

They certainly reserve their right to freeze your account without warning until you provide ID documents.

So before you deposit anything, consider what you will do in that situation.  Even if you don't mind them knowing who you are (I am OK with that!) you may not want to email PDF's of personal documents to a foreign company.  If these documents are sufficiently to prove your ID, they seem to be sufficient to steal your ID too.  And I do mind setting myself up for identity theft.  Hence I have emptied my MtGox account and use other exchanges.

[edit for spelling]

Alright, thanks.

What exchanges do you use?

Bitstamp, Bitcoin-24, Intersango.  But then I am in Europe, transferring to these is cheap.  In the US I would consider using BitFloor and CampBX.  BitFloor's deposit and withdrawal support is often down, though.  And CampBX reserve the right to do all the nasty things MtGox are doing, but I have no experience with them, and don't know if they actually do it.