Can anybody tell me if this is normal, or how I can resolve it?

I deposited just a small amount of BTC with MTGOX, while my account was pending verification, under the impression that I would be able to transfer BTC in and out, but it seems I can't even do that.  MTGox let me deposit BTC but won't let me take it out.

I still have the message saying my account is pending verification and will be done within 10 days  - although it was over 3 weeks since I submitted all the documents.

Emails to support remain unallocated and not responded to.

It feels like someone is holding my money to ransom.  How do MTGox survive with service like this? 

I fear for BitCoin's future as I think MTGox will be the place quite a few newbs will go to if they want to start buying/trading a few BTC, they will not have a good experience and BitCoin's reputation could be risked.


Anyway - is there anybody here able to help?  Are there known delays at MTGox in account verifications?  Anything I can do?

http://www.bbc.co.uk/news/business-16801382

An extra layer of secrecy is added to the dark web by the use of Bitcoins - an electronic currency which is used legitimately by online gamers, but which can be used by criminals to mask their financial transactions.

First of all - I hold my hands up - I know I could search and read to understand all this but I'm lazy and I know that I will learn quicker and easier by doing it.    

I like to think I'm reasonably intelligent, maths stuff is OK with me, but I have never been involved in any trading so I don't understand the jargon and principals.  

Just messing around with a couple of BTC to start with..   I've created an account and deposited 2BTC.  

Essentially I want to bet that BTC goes up vs $  


Anybody up for talking me through what I need to do or am I being too cheeky?  

Well over £15 per BTC?!  

 

Somebody desperate to get hold of BTC?  Or a bunch of people intent on scamming the seller somehow (surely nobody is really going to pay out that much?)

edit - forgot link

http://www.ebay.co.uk/itm/20-Twenty-Bitcoins-BTC-w-Screenshot-Transaction-Bitcoin-/280805019105?pt=UK_Coins_World_RL&hash=item4161488de1

Like the title says.  I did search but couldn't find an answer.

I came to this site expecting to learn how to buy bitcoins to invest in them, as a bit of a gamble.  Maybe see if it's worth thinking about getting into mining at some point in the future.

In reality, the more I read the more of a risky business it seems.

The risk of value rising and falling is something I can accept - it's probably the reason I'm interested (that and general curiosity about something new).

The danger seems to be however in the possibility of never being able to exchange your money back from bitcoins to a real world currency (you know - one that you can buy food and pay bills with).  Bitcoins are worth nothing if they cannot be exchanged or used to buy stuff.  You can't really buy stuff and all the major exchanges seem to have had problems with banks, stopping people from getting their money back.

Paxum seems to be a possible solution to that, but this seems to be a company founded in the porn industry by someone who sold penis enlargement pills, with allegations of being connected to scams (epassporte) all over the internet.  Their account verification process and the need to upload ID seem questionable.  The fact this is the sole epayment company used by most of the bitcoin exchanges doesn't instill an air of legitimacy and confidence.

Why are their problems with Banks?  Why not use CCBIll or paypal?

If Bitcoin is to take off it needs to work to feel a bit more mainstream imo.

Just wondering if anybody has any good / bad recent experience with these.

I am looking for an easy way of buying a small amount of bitcoin (£50) with GBP to get me started.

What seems a little odd is that I have to transfer money to a different company (Interteni LTD) which when I look them up find was only incorporated a couple of months ago.

Why would that be?  Britcoin/Intersango has been going longer - why wouldn't I just be transferring money to them to exchange for bitcoins?

Just a bit paranoid after reading about bitcoin7 disappearing, people not being able to get their money out of Tradehill recently. 

What other options are there for converting GBP -> BTC