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Title: Is it true that you can't withdraw more than $1000 per day from MtGox? Post by: Neyo on June 09, 2011, 07:15:37 PM Is it true?
Title: Re: Is it true that you can't withdraw more than $1000 per day from MtGox? Post by: wareen on June 09, 2011, 07:25:57 PM Is it true? Indeed!The limits are 1000$/day and 10000$/month unless you provide some official identification to MagicalTux (email him for details). Note that the limits also account for BTC withdrawals (at their current USD equivalent)! Title: Re: Is it true that you can't withdraw more than $1000 per day from MtGox? Post by: Neyo on June 09, 2011, 07:30:26 PM What kind of personal identification would he need? Why does he need personal identification, is it becauseof US legislation? If I gave it to him, would I be able to withdraw any amount?
Title: Re: Is it true that you can't withdraw more than $1000 per day from MtGox? Post by: wareen on June 09, 2011, 07:37:20 PM What kind of personal identification would he need? Why does he need personal identification, is it becauseof US legislation? If I gave it to him, would I be able to withdraw any amount? Driver's license, passports or similar will do.To my knowledge, your limits will be increased (not removed) based on some evaluation of your personal risk-profile. As for the details I suggest you contact them directly: info@mtgox.com Title: Re: Is it true that you can't withdraw more than $1000 per day from MtGox? Post by: Jack of Diamonds on June 09, 2011, 09:26:01 PM I increased the limit by a few thousand after sending in passport scans.
Not that I use that option often, but running costs on a mining farm are a bitch. It comes handy when you need to sell off some BTC now & not on a 5 day spread. Don't even see why people would use darkpools for selling if their limit was so low, I'm betting at least a few % of Mt.Gox customers have limits in the higher 4 or low 5 digits. Title: Re: Is it true that you can't withdraw more than $1000 per day from MtGox? Post by: Stephen Gornick on June 12, 2011, 06:32:48 AM is it becauseof US legislation? The exchange is based out of Japan. Businesses there too have anti-money laundering restrictions in which this Know Your Customer requirement applies. Title: Re: Is it true that you can't withdraw more than $1000 per day from MtGox? Post by: JellyfishRancher on June 12, 2011, 04:36:33 PM Does TradeHill have a similar limit?
Title: Re: Is it true that you can't withdraw more than $1000 per day from MtGox? Post by: tymothy on June 12, 2011, 07:29:10 PM I got my limit upped to $10000 after I emailed a copy of my DL.
Title: Re: Is it true that you can't withdraw more than $1000 per day from MtGox? Post by: Bind on June 13, 2011, 04:54:16 AM what possible fraud is there if you want your BTC's.
I mean the BTCs are yours . (period) there is no middle ground as each transaction is perminent and irreversible. unless they are doing something nefarious and really dont have 100% of reserves on hand in case there is a run on the exchange. |