Bitcoin Forum

how long does it normally take to get bitcoins sent to mtgox in order to sell for cash? it seems to be taking longer than transfers between other wallets.

so i take it not too many people use mtgox around here?

I did that in august. The full number of confirmations was required for the coins to be used/sold. Depending on the amount of transaction fee you've added to your transfer, it can take a few hours.

well i sent btc to the address i have a mtgox 3 hours ago. thats normal?

search your transaction on http://blockchain.info and see if it has 6 confirmations. Mtgox requires 6 if I remember correctly.

i have it hasn't showed up at all. you think something went wrong?

if its not on blockchain.info then its not on the network.... if your using bitcoin wallet for desktop make sure its connected and fully synced to the network until this happens your not going to get anywhere...

also if your mining it is strongly recommended you dont use MT.gox as a payout address as the address changes and can lead to you loosing coins

if you can provide a wallet address you sent it from then there should be some trace of it somewhere

DO NOT SEND BITCOINS TO MTGOX. THEY ARE BANKRUPT and you will NOT get any money out in any reasonable time

There's been a lot of problems with MTGox due to their bankruptcy as the guy above me has said but they've generally not had good things said about them, I've heard good things about Bitstamp though but I haven't tried it myself, I will when I get enough coins worth selling.

wtf, when did this happen?

Sell to coinbase, they are very good and very fast.  2 business days for funds to hit your bank account

dont sell to coinbase there the ones who left mtgox up shit street... them and AMERICA with there grubby fat hands

just go to BTC-e atleast there not going anywhere anytime soon

Awhile ago, all kinds of shit was happening with MT.GOX, they had fund seized in the millions by the U.S Government, it's generally best to avoid doing business with companies that are based in America unless they've been able to stay out of trouble.

yes...trust the russians....

Firstly, not many people here probably use mtgox. The only real advantage they have is being non-russian and they usually have higher sell prices. If you do use them, it takes a while (few days). Otherwise, use something else such as cambx.

well i want to get the highest rate. i actually was thinking about buy from coinbase and selling on mtgox for profit. i am trying it will just a .2 btc now just to see how it works and how long things take.

Make sure you arer fully verified on MtGox also, or you wont be able to withdraw btc or fiat there.  Thats another 2 week process.

is .2 btc to low to sell? it won't let me sell that.

i know its not much but this is just a test run. they seems to be working fine over there for the most part.

The part of buying or selling is fine. The difficult part is withdrawing the fiat money from Mtgox.

You first need to verify your identity (and wait for weeks). Then, you can TRY to withdraw fiat money (and wait for weeks more) ;).
If you send them a support ticket concerning that, they will reply you with some useless answer (withdrawal takes time, please wait patiently, blah blah blah).

IMO, stay away from Mtgox if you can  ;D

Im surprised someone so active and so long here never heard MtGox has huge issues with fiat withdrawals

i'm not that active, i have never considered selling on MTGox. i usually sold with moneypak but that stopped working because i was considered suspicious from all the money i was withdrawing from moneypak and they blocked me. i suppose i could just keep having moneypak refund check to me maybe if mtgox takes so long.

well you guys were right. i can't even withdraw the coins i sent in to another bitcoin address, as i'm in a scramble to round up my btc and sell before the price drops anymore. mtgox is a fraud

It could be understood that they have problems with Fiat withdrawals due to problems with bank accounts / seizing their funds. However it's unacceptable to delay or hold Bitcoin withdrawals, because those should have nothing to do with their accounting. That could be a sign of a major problem - they could ran out of money. If that's true, I pity anyone who still has his funds in there.