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Keywords:
- bitstamp API
- ubuntu linux (cli, no gui)
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For weeks I have been doing 5 digit USD withdrawals every single day at Bitstamp, no problems!!!
I did have to follow up on 2 extra KYC / AML questionnaires which took just 24 hours to be processed, other than that no problems.
Just follow up on KYC / AML questions and all is fine.
Did that. No response, withdrawal still "in process". A few days later I sent a follow up. Again, no response, nothing processed. To me, it looks fishy. Changing the way they conduct business without notice, fishy. Not transferring my money, fishy. So far they had no issue to take a four digit sum in fees, but now there seems an issue to hand over my money. If I take what you say for face value, again, it is not entirely dissimilar to MtGox. It seems the tiny amounts and the really large amounts were handled properly for longest. The tiny ones to keep the masses happy, the large ones, not to mess with the wrong people. The ones in the middle (with the probably largest accumulated volume) were put on halt first. Please keep us updated about your case (positive and/or negative), I like to follow these things closely, because just like with Mt.Gox I am leaving as soon as settlement is T+6 or more |
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To me it looks like they run out of fiat. Took out a good few USD over the last few months of 2013, no problem. A couple of days ago a substantially smaller withdrawal got stuck, due to insufficient KYC. Rubbish, I'd say. Some of the questions they asked (ie address of SEPA bank) are already answered by their db. Others make hardly any sense. Not unlike MtGox last summer. The delays got longer and longer, the excuses weaker and weaker. bitstamp came up with KYC, mtgox told people they could only transfer whatever tiny amount per day due to bank restrictions.
When the fiat came surging in, they were able to pay out, now, with people trying to cash out and presumably no fresh money coming in, they struggle... Only thing, they should have got the money at some stage.
For weeks I have been doing 5 digit USD withdrawals every single day at Bitstamp, no problems!!! I did have to follow up on 2 extra KYC / AML questionnaires which took just 24 hours to be processed, other than that no problems. Just follow up on KYC / AML questions and all is fine. |
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(but don't tell that to WU)
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I share this point of view. Thanks for the link to the article. |
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EDIT:
Meetup in Best Beers Cafe is cancelled and will not be there anymore.
For a list of current Bitcoin meetups in Belgium visit: http://meetups.bitcoinassociation.be
I would like to remind everybody about the next Best Beers Cafe, Bitcoin meetup in Antwerp, Belgium. When?Saturday 1st of march 2014 - 20:00 Where?BBC - Best Beers Café Ernest Van Dijckkaai 18 Antwerpen, Belgium B2000 *** FREE WIFI *** From now on we will plan a meetup every 1st saturday of the month.
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The fact that they have hearings, discussions, regulation talks and whatever more means that Bitcoin is important.
So whatever is said, let it be right or wrong, everyday Bitcoin is getting stronger.
For early adopters (and I believe that if you buy your BTC today you are still an early adopter) the trend is UP, whatever all the noise along the way.
BUY and HODL !!! Cheers !
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Has anyone seen anything like this before?
Yes, that is 15USD withdrawal fee and then the other 12 USD is the fee that your bank (and sometimes intermediary banks) charge for receiving. The fee that is charged by your receiving bank is not a fixed fee, it will be higher or lower depending on the amount. |
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Very well-written article. One of my favourites in general media.
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Since a week, I noticed that Bitstamp's internal withdrawal processing is slower than what I am used to. For months, withdrawals used to be processed within 24 hours, sometimes even within just a few hours. Now, with me, it seems that withdrawal processing is taking 48-72 hours++. No reason to panic yet, because this is still very good compared to you know where. But I am watching this very closely. edit: a withdrawal request that I made today, was processed within 2 hours sorry I will keep quiet next time |
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Similar problem with a BTC deposit that I did this morning to BS... I am going to create a ticket now...
My BTC deposits finally arrived after a couple of hours. And I also tested a new BTC withdrawal and that works at normal speed now. |
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Same for me (BTC deposit), opened ticket this morning, no response yet
My BTC deposits finally arrived after a couple of hours. |
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Similar problem with a BTC deposit that I did this morning to BS... I am going to create a ticket now...
My BTC deposits finally arrived after a couple of hours. |
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Same for me (BTC deposit), opened ticket this morning, no response yet
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I've been waiting on a withdrawal for almost a week now. WTH is going on?
I have had no problems with fiat withdrawals in the last week. Just today only with BTC deposits and withdrawals. |
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Similar problem with a BTC deposit that I did this morning to BS... I am going to create a ticket now...
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