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Author Topic: Withdrawing USD or EUR form Mt. Gox  (Read 453 times)
morningsun (OP)
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April 27, 2013, 10:20:45 AM
 #1

What's the best way to withdraw USD or EUR from Mt. Gox? I've read about several people complaining not to be able to withdraw at all or with significant delay?
Is it advisable to use payment processors like okpay? What about coupons?
Any pointer to some newbie-friendly guide would be appreciated.

Thanks!
sfraise
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April 27, 2013, 03:37:38 PM
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I use okpay at the moment, I have dwolla but I'm still waiting to get verified on mtgox. I like dwolla since it's an Iowa based company and I'm an Iowa boy so I'll probably use them once my verification goes through.

The problem with delay actually doesn't lie with the payment processors at all, it lies with how soon mtgox gets around to issuing your withdraw and if they have enough funds in their account to actually pay it.

Since all I have to go on so far is withdrawing to okpay I can only give you time frames for that, but I've had withdraws go through as soon as 3 hours and as long as 3 days, there's just no way of knowing really. If you see your withdraw status move from "todo" to "error" don't freak out and think you did something wrong, it usually just means that mtgox doesn't have enough funds in their account to cover your withdraw, that's when you'll have to wait a day or three to get your money.

Right now the whole funding/withdrawing model sucks everywhere, eventually someone will get their stuff together and come up with a good instant system, but until then you'll have to deal with the delays if you want to play the game.
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