Bitcoin Forum
December 03, 2016, 02:43:29 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Is it true that you can't withdraw more than $1000 per day from MtGox?  (Read 1708 times)
Neyo
Newbie
*
Offline Offline

Activity: 28


View Profile
June 09, 2011, 07:15:37 PM
 #1

Is it true?
1480733009
Hero Member
*
Offline Offline

Posts: 1480733009

View Profile Personal Message (Offline)

Ignore
1480733009
Reply with quote  #2

1480733009
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480733009
Hero Member
*
Offline Offline

Posts: 1480733009

View Profile Personal Message (Offline)

Ignore
1480733009
Reply with quote  #2

1480733009
Report to moderator
1480733009
Hero Member
*
Offline Offline

Posts: 1480733009

View Profile Personal Message (Offline)

Ignore
1480733009
Reply with quote  #2

1480733009
Report to moderator
wareen
Millionaire
Hero Member
*****
Offline Offline

Activity: 742

bitcoin-austria.at


View Profile
June 09, 2011, 07:25:57 PM
 #2

Is it true?
Indeed!
The limits are 1000$/day and 10000$/month unless you provide some official identification to MagicalTux (email him for details).
Note that the limits also account for BTC withdrawals (at their current USD equivalent)!
Neyo
Newbie
*
Offline Offline

Activity: 28


View Profile
June 09, 2011, 07:30:26 PM
 #3

What kind of personal identification would he need? Why does he need personal identification, is it becauseof US legislation? If I gave it to him, would I be able to withdraw any amount?
wareen
Millionaire
Hero Member
*****
Offline Offline

Activity: 742

bitcoin-austria.at


View Profile
June 09, 2011, 07:37:20 PM
 #4

What kind of personal identification would he need? Why does he need personal identification, is it becauseof US legislation? If I gave it to him, would I be able to withdraw any amount?
Driver's license, passports or similar will do.
To my knowledge, your limits will be increased (not removed) based on some evaluation of your personal risk-profile.

As for the details I suggest you contact them directly: info@mtgox.com
Jack of Diamonds
Sr. Member
****
Offline Offline

Activity: 252



View Profile
June 09, 2011, 09:26:01 PM
 #5

I increased the limit by a few thousand after sending in passport scans.

Not that I use that option often, but running costs on a mining farm are a bitch. It comes handy when you need to sell off some BTC now & not on a 5 day spread.

Don't even see why people would use darkpools for selling if their limit was so low, I'm betting at least a few % of Mt.Gox customers have limits in the higher 4 or low 5 digits.

1f3gHNoBodYw1LLs3ndY0UanYB1tC0lnsBec4USeYoU9AREaCH34PBeGgAR67fx
Stephen Gornick
Legendary
*
Offline Offline

Activity: 1988



View Profile
June 12, 2011, 06:32:48 AM
 #6

is it becauseof US legislation?

The exchange is based out of Japan.  Businesses there too have anti-money laundering restrictions in which this Know Your Customer requirement applies.

JellyfishRancher
Newbie
*
Offline Offline

Activity: 28



View Profile
June 12, 2011, 04:36:33 PM
 #7

Does TradeHill have a similar limit?

TradeHill Referral Code: TH-R1435
Register with my code and receive 10% of trading fees!
See this thread (http://forum.bitcoin.org/index.php?topic=13650.0) for more info.
tymothy
Full Member
***
Offline Offline

Activity: 224


View Profile
June 12, 2011, 07:29:10 PM
 #8

I got my limit upped to $10000 after I emailed a copy of my DL.
Bind
Sr. Member
****
Offline Offline

Activity: 252

DO NOT ACCEPT PAYPAL FOR BTC YOU WILL GET BURNED


View Profile
June 13, 2011, 04:54:16 AM
 #9

what possible fraud is there if you want your BTC's.

I mean the BTCs are yours . (period)

there is no middle ground as each transaction is perminent and irreversible.

unless they are doing something nefarious and really dont have 100% of reserves on hand in case there is a run on the exchange.

"... He is no fool who parts with that which he cannot keep, when he is sure to be recompensed with that which he cannot lose ..."

"... history disseminated to the masses is written by those who win battles and wars and murder their heroes ..."


1Dr3ig3EoBnPWq8JZrRTi8Hfp53Kj
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!