Bitcoin Forum

Economy => Service Discussion => Topic started by: zeroblock on August 19, 2013, 11:11:07 AM



Title: Mt.Gox, potentially the reason for BitInstant's problems?
Post by: zeroblock on August 19, 2013, 11:11:07 AM
I know that BitInstant had some trouble with their new features that they rolled out but did Gox's money problems force a shutdown at BitInstant?

https://www.facebook.com/Bitinstant

https://i.imgur.com/Fc3SOMb.jpg


Title: Re: Mt.Gox, potentially the reason for BitInstant's problems?
Post by: joesmoe2012 on August 19, 2013, 11:35:31 AM
Replenish funds, i thought withdraws were the issue lately?


Title: Re: Mt.Gox, potentially the reason for BitInstant's problems?
Post by: zeroblock on August 19, 2013, 11:39:41 AM
Replenish funds, i thought withdraws were the issue lately?


Right.  But for BitInstant, maybe they were only using Gox to fulfill orders instead of multi-exchanges.  It would take time and effort to make sure the transition went smoothly.


Title: Re: Mt.Gox, potentially the reason for BitInstant's problems?
Post by: smoothie on August 19, 2013, 06:25:18 PM
I only used Bitinstant once back in Summer of 2012 to get funds to GOX.

Back then they actually met their 1 hour requirement of getting funds into and out of the exchange.

Now, from what I hear, that is not the case. But this is all second-hand information I can't vouch for.



Title: Re: Mt.Gox, potentially the reason for BitInstant's problems?
Post by: joesmoe2012 on August 19, 2013, 07:10:47 PM
Replenish funds, i thought withdraws were the issue lately?


Right.  But for BitInstant, maybe they were only using Gox to fulfill orders instead of multi-exchanges.  It would take time and effort to make sure the transition went smoothly.

I was under the impression that they were a premier partner, thus depositing funds with gox would never be an issue since the delay is due to anti-fraud measures and they have 100% confirmed bitinstant.


Title: Re: Mt.Gox, potentially the reason for BitInstant's problems?
Post by: ruletheworld on August 19, 2013, 08:28:56 PM
Just use BitPay or Coinbase. I wonder if BitInstant can move to TradeHill as well.