Bitcoin Forum

My last withdrawal that happened before the crash took 8 (working) days... now after the crash I am worried how long it will take...

Anyone else waiting for sepa withdrawals?

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Had a withdrawal confirmed on 6th and another on the 10th.  Neither have arrived.

my last 3 successful SEPA withdrawals from mtgox took each about 14 days.

when I asked if this was normal, mt gox support said there is a queue for withdrawals using SEPA.
they didn't explain why it takes so long though.

I still have one open that didn't arrive yet. I started it 15 days ago, its status is "processed" for at least a week now.

Don't know why there should be a problem the accounts have to be verified anyway.  Is it the Polish bank hanging onto the cash?

I think it's caused by the volume of cash and transactions they're shoving through.
It's from one account, to many seemingly random SEPA accounts all over the place, while they're not registered as a payment processor or bank.
I wouldn't be surprised if this kind of thing raises red flags with the authorities and fraud prevention.

on a brighter note, my last withdrawal got through after just 15 days 8)
requested it on 4 april, got through on 19 april.

Requested a withdrawal on the 9th not here yet. Hope it will go through soon
And another one today I cannot imagine how much time this will take...
Can anyone recommend a good SEPA marketplace?

I requested my withdrawal on April 10th and it didn't yet arrive either.

I asked support why it didn't and all they could provide was


Do they really run MtGox on a private account instead of a business account?

It doesn't look like a personal bank account to me...

Aha, progress:
Set withdrawal up on 6th, confirmed almost immediately
Changed to Pending on 22nd
Changed to processed on 23rd.
No sign yet at Bank


....and the readies arrived today (23rd) just before 9:00am !!

17 days and 11/12 working days, not too bad I suppose considering the upheavils.  Eagerly awaiting the withdrawal from the 10th now.

As I already wrote in a different Thread, it seems to be a Different, that the Account is Verified or Trusted state at MTGox.
I am waiting on a Withdraws of the Dates 7, 9 , 22, 23 & 24.

sepa on 09 April , not arrived

how much is the fee for international wire to europe?

Funny, on a second Account that i am managing.
Withdraw made on the 25.4 and Today it is Processed.
It is also Sepa Transfer.

The Withdraw from the 7. is in pending state now.
Wow 3 weeks later...

They are getting slower, still no movement on my order from the 10th but since they have taken a week from dealing with an order on the 6th to dealing with the 7th, not surprising.

can't wait to stop doing business with mt.gox, first transfer 13/04 still only confirmed and by the looks of it it is gonna be a while

anyone can comment about the withdrawal fees from japan bank to europe? I found no information about withdrawal fees at all

also how long it takes would be useful too...

someone recently stole 660 euros from my mt.gox account that I left in case I wanted to buy some bitcoins again,
After I noticed the transfer, I instantly contacted them about the unauthorised transfer (bitcoins), they replied 2 days later that they are sorry and can't do anything

I really hate mt.gox... even blockchain that offers a completely free service is capable of providing 2 auth with sms... also locking to one ip, etc.

they approve deposits to their shitty poland account within few days but it takes them weeks to process withdrawals back to the same account

i got my SEPA confirmed since 11/04, international wire from yesterday is processed now.

mtgox supports 2 way authentication, yubikey (they sent me one for free) and google authenticator.

On Monday (29.4) my Withdraw from 7/4 gots processed, Today(30.4) it is in my account.
Some withdraws it shows in the history state pending, they are on the same Day in my Bank account.

1% Is the Sepa Fee that MtGox takes.

@etheral: is it possible that you have several withdraws with state confirmed in your pipe, or is it only one ?
I am asking, cause i would like to find out, why it takes so long. I have 7 Withdraws with the state confirmed, oldest is now 9.4.

I have 4 withdraws 04/13 04/14 04/15 04/017 confirmed and still waiting

mt.gox recently replied to my tweet about this situation:

Got this from the support:

This Explaination fits to that was is happening.
The Withdraw robots takes from every User the oldest Withdraw and processes this until the Limit it is reached. Then it stop in the Userlist and starts there on the next run.
So if you have more withdraws in the queue, then it takes long, if you only have one in the withdraw queue, then it goes fast.
It fits to my Experience and to other Posts that i have read in the Forum.
Or maybe somebody else has a different Theorie ?

My theory is that this is their operational problem and they have to sort it out unless they want to be replaced as the main bitcoin exchange. I've never had a SEPA transfer from anyone anywhere take this long. I'll be sticking to bitcoin.de in future.

Now 23 days, 15 working days since my withdrawal on the 10th of April was confirmed!!!

No change to pending, yet alone processed.

They are getting worse rather than better.

Stuff the theories they should get on with things.  I have now had to raise a support ticket for two out of three withdrawals!  That should not be necessary on any planet.  MtGox will be commercially doomed if they don't fix this.

I shall revert to my old route for turning btc to cash, slightly more involved but more trustworthy.

Mt.Gox need to be replaced, there is no other way BitCoin can succeed.

Ideally they should be replaced with with something peer2peer or at least with a number of smaller exchanges.

That long? Looks like I've got a long wait.

First these jokers leak my password hash and email.
Then they close my account and keep the loose change I left in it.
Then they demand all sorts of paperwork that I'm really starting to regret giving.
Then they go up and down like a jo-jo.
Now they won't or can't give me my own money.
Then they get sued by Coinlab for $75 million because they won't or can't keep to the terms of their contract thus putting at risk all the withdrawals they are stalling on.
Plus their fees are excessive.

Mt.Gox needs to be replaced. I'm never dealing with them again.

Hopefully CoinLab will go their own way and setup something better instead of crying about being stabbed in the back by Mt.Gox.

Raised a ticket and got the same standard message... but now my withdrawal says pending.  Last time "pending" became "processed" in less than a day but it's a weekend now.  Not holding my breath!

As for Coinlab that was just hot air.  The muppets were claiming for "Beach[sic] of duty". If they can't spell a crucial word in a legal document would you trust your money to them???!!!  They seem like a bunch of chancers on the bandwagon and I doubt they will be any more efficient at running the business.

CoinLab may be a non-starter run by people who have about the same ability as MtGox but there are lots of share and ForEX trading sites who have been doing what Gox is failing to do for many years now, and with far better security and far lower fees. All we need is one to get on board and if they do a competent job they will win most market share in a very short time.

Peer2peer trading will always be conceptually better if anyone could get that to work.

That's a different matter.  There are two practical problems - one is volume of trade: low fees come from  having a big turnover - the second is the banks who are trying as hard as possible to block btc by not dealing with the exchange companies.  There is no UK or US bank so far as I can see that deals with them.

That's why SEPA is so important for UK bitcoin because the UK banks can't stop a SEPA payment and have to convert EUR to GBP. Even then some of the scumbags like Nat West put an additional fee on top of any exchange commission when euros are sent to your account. (For every foreign transaction not just bitcoin related)

In short I don't think expertise is the sole problem.


....Also all the high fees are not within the trading section  (apart from the loony tunes maker/taker crap) but the transitions and intermediaries.


Yay 10:50 UTC marked as "processed" so the Poles have got it, now how fast is SEPA itself?

SEPA normally takes only one working day

confirmed on 2013/04/13 still not processed
24 days passed (576 hours)

E.g. It would take about 13 days or 320 hours to walk from Warsaw Poland to Marlborough, UK according to google maps (without stopping of course)


I wonder if this will be processed in less than 640 hours or not, this is really sad, I wonder why are they offering this crippled service at all and why it's ok for them to receive the money but not to send it back

My last SEPA withdrawal happens on 4th April. It was credited to my German bank account yesterday. Minus 1% fee. So it took over a month. But nevertheless it works.

My advice: Be patient. Do not panic! Only invest what you are willing to lose. If you win do not be greedy. AND (most important): Never ever imagine malignancy if impotence completely sufficient as explanation.

Until now I have not lost money with Mt. Gox. I trade there for a year now, which is longer than most other sites exist.

If Mt. Gox would disappear, prices would go to the basement for a very long time. On all platforms.

don't tell me to be patient, It has been 5 weeks since I am waiting for SEPA transfer that is supposed to take 1 working day to complete.

Mt.gox is garbage, only good to deposit money (and they do, it takes them 1 day to RECEIVE your SEPA transfer)

Maybe they sit on your money for a while

i wait 3 weeks + now ; ;(

Fuck this btc shit

glad i not invested 1 million :) then i would piss blod by now

Slightly side tracking here but how long oes sepa deposits to mt gox take roughly?