Bitcoin Forum
May 07, 2024, 03:02:36 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Dwolla to Mt. Gox vs. Dwolla to TradeHill  (Read 3277 times)
alexanderanon (OP)
Full Member
***
Offline Offline

Activity: 210
Merit: 100



View Profile
June 11, 2011, 05:30:21 PM
 #1

On Tradehill it says that dwolla transfers to Tradehill (USD) are "instant". Does anyone have experience with this? Anything would be better than Mt. Gox right now which says it will take nearly a WEEK to take the dollars I sent it via Dwolla.
1715050956
Hero Member
*
Offline Offline

Posts: 1715050956

View Profile Personal Message (Offline)

Ignore
1715050956
Reply with quote  #2

1715050956
Report to moderator
1715050956
Hero Member
*
Offline Offline

Posts: 1715050956

View Profile Personal Message (Offline)

Ignore
1715050956
Reply with quote  #2

1715050956
Report to moderator
1715050956
Hero Member
*
Offline Offline

Posts: 1715050956

View Profile Personal Message (Offline)

Ignore
1715050956
Reply with quote  #2

1715050956
Report to moderator
Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715050956
Hero Member
*
Offline Offline

Posts: 1715050956

View Profile Personal Message (Offline)

Ignore
1715050956
Reply with quote  #2

1715050956
Report to moderator
1715050956
Hero Member
*
Offline Offline

Posts: 1715050956

View Profile Personal Message (Offline)

Ignore
1715050956
Reply with quote  #2

1715050956
Report to moderator
kiwiasian
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
June 12, 2011, 01:25:39 AM
 #2

Buddy, patience...it's just one week.

Also, Dwola transactions take 0-3 business days as per their website.

Tradehill referral link, save 10% | http://www.tradehill.com/?r=TH-R12328
www.payb.tc/kiwiasian | 1LHNW1JGMBo2e7rKiiFz7KJPKE57bqCdEC
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2506
Merit: 1010


View Profile
June 12, 2011, 02:14:21 AM
Last edit: June 12, 2011, 07:23:36 AM by Stephen Gornick
 #3

Anything would be better than Mt. Gox right now which says it will take nearly a WEEK to take the dollars I sent it via Dwolla.

I think you might have misunderstood something.

Dwolla is a cash service.  Getting cash into dwolla is what takes a long time.  From there, sending the cash already sitting in your Dwolla to either Mt. Gox or TradeHill is fairly quick.   Technically, it happens instantly -- Dwolla's debits your Dwolla account for the amount you sent and then credits the Dwolla account to whom you sent funds.  

Now, the method that the exchange uses to then credit your account at the exchange with the funds received will vary per exchange.  

Mt. Gox processes Dwolla transactions manually and sporadically [Update: see MagicalTux's response, below].  Because that exchange is likely in a different time zone than you, their daytime schedule is likely different from yours.  As the result, instead of that batch being processed in minutes, it can take hours, or a dozen hours maybe [Update: an hour] before it is processed.

TradeHill, based out of Chile, might have an automated method so it is processed instantaneously or a manual process that runs more frequently or has operating hours that are in the same time zone as you.

If you have sent funds from Dwolla to the exchange and it has taken more than one business day for those funds to become credited to your account on that exchange, then that's not normal.

Unichange.me

            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █


bbit
Legendary
*
Offline Offline

Activity: 1330
Merit: 1000


Bitcoin


View Profile
June 12, 2011, 02:28:02 AM
 #4

Stephen I like what you wrote.  One thing that confuses me is ..ok my money is at mtgox I've put my buy order in and lets say it gets filled then how is the Bitcoins sent to me and from who?


           █████████████████     ████████
          █████████████████     ████████
         █████████████████     ████████
        █████████████████     ████████
       ████████              ████████
      ████████              ████████
     ████████     ███████  ████████     ████████
    ████████     █████████████████     ████████
   ████████     █████████████████     ████████
  ████████     █████████████████     ████████
 ████████     █████████████████     ████████
████████     ████████  ███████     ████████
            ████████              ████████
           ████████              ████████
          ████████     █████████████████
         ████████     █████████████████
        ████████     █████████████████
       ████████     █████████████████
▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
▬▬ THE LARGEST & MOST TRUSTED ▬▬
      BITCOIN SPORTSBOOK     
   ▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
             ▄▄▄▄▀▀▀▀▄
     ▄▄▄▄▀▀▀▀        ▀▄▄▄▄           
▄▀▀▀▀                 █   ▀▀▀▀▀▀▀▄▄
█                    ▀▄          █
 █   ▀▌     ██▄        █          █               
 ▀▄        ▐████▄       █        █
  █        ███████▄     ▀▄       █
   █      ▐████▄█████████████████████▄
   ▀▄     ███████▀                  ▀██
    █      ▀█████    ▄▄        ▄▄    ██
     █       ▀███   ████      ████   ██
     ▀▄        ██    ▀▀        ▀▀    ██
      █        ██        ▄██▄        ██
       █       ██        ▀██▀        ██
       ▀▄      ██    ▄▄        ▄▄    ██
        █      ██   ████      ████   ██
         █▄▄▄▄▀██    ▀▀        ▀▀    ██
               ██▄                  ▄██
                ▀████████████████████▀




  CASINO  ●  DICE  ●  POKER   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
   24 hour Customer Support   

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
alexanderanon (OP)
Full Member
***
Offline Offline

Activity: 210
Merit: 100



View Profile
June 12, 2011, 05:11:11 AM
 #5

Here's copypasta from my dwolla account:

Sent To: Mutum Sigillum LLC
Sent On: 6/10/2011 3:03:10 PM
Expected Clearing Date: 6/16/2011 by 5PM CST

Even ignoring the weekend, this is 3 days. I'm calling Dwolla.
MagicalTux
VIP
Hero Member
*
Offline Offline

Activity: 608
Merit: 501


-


View Profile
June 12, 2011, 05:34:27 AM
 #6

For info we have updated the system here, now checks are done every hour (at XX:50, takes ~5 minutes to get the whole backlog from Dwolla)
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2506
Merit: 1010


View Profile
June 12, 2011, 07:21:32 AM
 #7

Here's copypasta from my dwolla account:

Sent To: Mutum Sigillum LLC
Sent On: 6/10/2011 3:03:10 PM
Expected Clearing Date: 6/16/2011 by 5PM CST

Even ignoring the weekend, this is 3 days. I'm calling Dwolla.

Three business days.

Dwolla certainly doesn't have your funds yet.

Unichange.me

            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █


Stephen Gornick
Legendary
*
Offline Offline

Activity: 2506
Merit: 1010


View Profile
June 12, 2011, 07:25:46 AM
 #8

Stephen I like what you wrote.  One thing that confuses me is ..ok my money is at mtgox I've put my buy order in and lets say it gets filled then how is the Bitcoins sent to me and from who?

The bitcoins you buy are added to your bitcoin balance in your exchange account. 

If you wish to withdraw those bitcoins to your local wallet or to send them anywhere else, use the link for Withdraw:
  - http://mtgox.com/users/withdraw


Unichange.me

            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █


Raize
Donator
Legendary
*
Offline Offline

Activity: 1419
Merit: 1015


View Profile
June 13, 2011, 03:32:23 PM
 #9

Guys, I apologize if you're having problems getting money into Dwolla reliably. They have been doing what they can to improve the ACH transfer times, but it's hard to get every bank on board with them.

The reason why every exchange or OTC trader is pushing Dwolla though is because it is much much much more scam-proof. If someone sends money from Dwolla, it's practically like sending it from their bank. If someone send from Paypal, they are almost certainly a chargeback scammer.
kicir
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile WWW
June 14, 2011, 01:03:42 AM
 #10

I understand MtGox now checks every hour for new Dwolla deposits, but how about withdrawals?

shouldn't those be completely instant and automatic? why do they take so long?
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!