Bitcoin Forum
June 21, 2018, 10:24:16 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bitinstant: why does it take so long? Is it a fraud?  (Read 450 times)
Dâniel Fraga
Full Member
***
Offline Offline

Activity: 190
Merit: 100



View Profile WWW
April 09, 2013, 12:06:41 AM
 #1

I bought bitcoin from Bitinstant hoping it would be fast. Zipzap confirmed the payment and warned Bitinstant, but until now I didn't see anything on my wallet.

What's the problem with Bitinstant? Nobody there answered my e-mails... and I sent many of them. If they don't process my order, I'll have to start a campaign against them on the internet. I thought I was dealing with professionals.

https://www.bitinstant.com/order_status/7b76c3fb-578b-46dd-9469-fc45f51f71cd

Since bitcoins' value are rising I'm losing money (I know it's a low ammount, but for the first time I'd like to test. I was planning to buy much more, but if Bitinstant keeps ignoring me, my conclusion is that Bitinstant is a fraud).

1529619856
Hero Member
*
Offline Offline

Posts: 1529619856

View Profile Personal Message (Offline)

Ignore
1529619856
Reply with quote  #2

1529619856
Report to moderator
1529619856
Hero Member
*
Offline Offline

Posts: 1529619856

View Profile Personal Message (Offline)

Ignore
1529619856
Reply with quote  #2

1529619856
Report to moderator
No Gods or Kings. Only Bitcoin
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1529619856
Hero Member
*
Offline Offline

Posts: 1529619856

View Profile Personal Message (Offline)

Ignore
1529619856
Reply with quote  #2

1529619856
Report to moderator
jfhoff
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
April 09, 2013, 12:13:28 AM
 #2

 No, Bitinstant ids legit. I've heard of it taking some time to receive bitcoin during the current wild price ride. I think they have to purchase blocks of coin to put up for sale, and that has been difficult lately.
Dâniel Fraga
Full Member
***
Offline Offline

Activity: 190
Merit: 100



View Profile WWW
April 09, 2013, 12:15:34 AM
 #3

No, Bitinstant ids legit. I've heard of it taking some time to receive bitcoin during the current wild price ride. I think they have to purchase blocks of coin to put up for sale, and that has been difficult lately.

So basicaly they sell what they don't have... and as bitcoin prices are going up, those who bought from them are losing money, since when they finally convert the dollars into bitcoins, the buyer will receive much less bitcoins.

jfhoff
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
April 09, 2013, 12:22:13 AM
 #4

I don't think there is any malice or crookedness involved. When prices are moving as fast as they are currently, some chaos occurs. I used Bitinstant in more "normal" times, and all went smoothly.
fcmatt
Legendary
*
Offline Offline

Activity: 1344
Merit: 1001



View Profile
April 09, 2013, 12:28:01 AM
 #5

No, Bitinstant ids legit. I've heard of it taking some time to receive bitcoin during the current wild price ride. I think they have to purchase blocks of coin to put up for sale, and that has been difficult lately.

So basicaly they sell what they don't have... and as bitcoin prices are going up, those who bought from them are losing money, since when they finally convert the dollars into bitcoins, the buyer will receive much less bitcoins.

They dont fix the price once you agree to send money for 24 hours? Like bullion?

That is sad if not. They could really screw with ppl if no contract is in place. Otherwise it is send money and we will get you "some" bitcoins...

         ▄▄████▄▄        
     ▄▄████████████▄▄       
 ▄▄████████████████████▄▄ 
██████████▀▀  ▀▀▀███▀▀▀      
███████▀                 
███████    ▄██▄     ▄▄▄▄▄▄
███████   ██████   ▐██████
███████    ▀██▀    ▐██████
███████▄          ▄███████
██████████▄▄  ▄▄██████████
 ▀▀████████████████████▀▀ 
     ▀▀████████████▀▀     
         ▀▀████▀▀
GlobaTalent██████
██
██  ██
██  ██
██  ██
██  ██
██  ██
██
.
         ▄▄████▄▄        
     ▄▄████████████▄▄       
 ▄▄████████████████████▄▄ 
██████████▀▀  ▀▀▀███▀▀▀      
███████▀                 
███████    ▄██▄     ▄▄▄▄▄▄
███████   ██████   ▐██████
███████    ▀██▀    ▐██████
███████▄          ▄███████
██████████▄▄  ▄▄██████████
 ▀▀████████████████████▀▀ 
     ▀▀████████████▀▀     
         ▀▀████▀▀
██████
    ██
██  ██
██  ██
██  ██
██  ██
██  ██
    ██
▇▇ Read our Whitepaper ▇▇
Telegram
.
Facebook
Medium
.
Twitter
ANN Thread
.
Bounty
Dâniel Fraga
Full Member
***
Offline Offline

Activity: 190
Merit: 100



View Profile WWW
April 09, 2013, 01:18:32 AM
 #6

They dont fix the price once you agree to send money for 24 hours? Like bullion?

That is sad if not. They could really screw with ppl if no contract is in place. Otherwise it is send money and we will get you "some" bitcoins...

I'm afraid not Sad

Dâniel Fraga
Full Member
***
Offline Offline

Activity: 190
Merit: 100



View Profile WWW
April 09, 2013, 01:28:27 AM
 #7

They dont fix the price once you agree to send money for 24 hours? Like bullion?

That is sad if not. They could really screw with ppl if no contract is in place. Otherwise it is send money and we will get you "some" bitcoins...

Ok, they transferred right now, after some complaints.

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!