Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[podyx]

Are stamp problems are related only to $ withdrawal requests?

It seems so. I haven't heard of anyone being asked ridiculous stuff like this withdrawing BTC but Stamp was my reliable exchange that even if I did some trades elsewhere Stamp was the fiat gateway.

Can anyone confirm? And how much money must it be for these kind of problems to show up?

Read around there has been a few stories of these new requirements going around. Thats the main issue, there is no advertised threshold that you bump up against these problems. The guy was trying to draw max $4000, thats pocket change! The other explanation is its worked out on trade volume but how fucking retarded. I could trade the same 10 coins 1000 times or do one 10k trade, which one should raise the most flags?

But there's still no problems of bitcoin withdrawal right?

[JorgeStolfi]

So perhaps this rally was people buying bitcoins at Bitstamp in order to take their balance out without going through that KYC (or SYW?*) stuff? 

*SIW = Stall Your Withdrawal

[bitcoinsrus]

Are stamp problems are related only to $ withdrawal requests?

It seems so. I haven't heard of anyone being asked ridiculous stuff like this withdrawing BTC but Stamp was my reliable exchange that even if I did some trades elsewhere Stamp was the fiat gateway.

Can anyone confirm? And how much money must it be for these kind of problems to show up?

Read around there has been a few stories of these new requirements going around. Thats the main issue, there is no advertised threshold that you bump up against these problems. The guy was trying to draw max $4000, thats pocket change! The other explanation is its worked out on trade volume but how fucking retarded. I could trade the same 10 coins 1000 times or do one 10k trade, which one should raise the most flags?

But there's still no problems of bitcoin withdrawal right?

http://www.deepdotweb.com/2014/05/20/bitcoin-exchanges-subpoenaed-silk-road-related-transactions/
published may 20th

[ChartBuddy]

Explanation

[aminorex]

Falcon Global Capital Files to Lobby on Bitcoin: Hill
By Kristin Jensen
May 23 (Bloomberg) --

Falcon director Brett Stapper filed paperwork this week, the Hill reports, citing lobbying disclosure forms.

Investment fund, first focused solely on Bitcoin, says it’s working on “education and understanding of Bitcoin and other crypto-graphic based currencies”

Hill says co. is second after MasterCard to register to lobby on Bitcoin

[dreamspark]

Are stamp problems are related only to $ withdrawal requests?

It seems so. I haven't heard of anyone being asked ridiculous stuff like this withdrawing BTC but Stamp was my reliable exchange that even if I did some trades elsewhere Stamp was the fiat gateway.

Can anyone confirm? And how much money must it be for these kind of problems to show up?

Their topic is in Marketplace forum...ask them since there is no reports yet I think this is not true.

There has been plenty of people recently who have posted on Reddit recently with the same story (sorry cba to find them all) so the question of "are they asking for over the top information" is true.

In fact go check out their thread in the marketplace I'm sure there was someone in there who had to prove where he got the money from which included sending bank statements showing deposits. Sorry but if Im verified you can't tell me then that Im not verified enough.

[Hunyadi]

So perhaps this rally was people buying bitcoins at Bitstamp in order to take their balance out without going through that KYC (or SYW?*) stuff? 

*SIW = Stall Your Withdrawal

Hahahhha! Yes maybe! You are getting desperate

[aminorex]

Bitcoin Exchange Guarantees Clients Crime-Free Trade in Denmark
By Niklas Magnusson

CCEDK Crypto Coins Exchange Denmark ApS CEO Ronny Boesing
May 23 (Bloomberg) -- Denmark is about to get a new Bitcoin exchange, promising future clients a crime-free platform on which to trade the virtual currency.
The CCEDK Crypto Coins Exchange Denmark ApS, which is due to open this month, is offering its trading platform to people across the globe, Chief Executive Officer Ronny Boesing said in an interview. The exchange will initially provide customers with the possibility to trade Bitcoin and Litecoin against each other, as well as in exchange for Danish and Norwegian kroner, British pounds, dollars and euros.

[oda.krell]

Are stamp problems are related only to $ withdrawal requests?

It seems so. I haven't heard of anyone being asked ridiculous stuff like this withdrawing BTC but Stamp was my reliable exchange that even if I did some trades elsewhere Stamp was the fiat gateway.

Can anyone confirm? And how much money must it be for these kind of problems to show up?

Read around there has been a few stories of these new requirements going around. Thats the main issue, there is no advertised threshold that you bump up against these problems. The guy was trying to draw max $4000, thats pocket change! The other explanation is its worked out on trade volume but how fucking retarded. I could trade the same 10 coins 1000 times or do one 10k trade, which one should raise the most flags?

But there's still no problems of bitcoin withdrawal right?

There are no "withdrawal problems" on Bitstamp. Not fiat, not Bitcoin. Not a single documented case. Head over to the services subforum and find the relevant thread and check for yourself.

There are rather intrusive questions asked when you withdraw larger sums, either fiat or Bitcoin. After those questions are answered, the withdrawals go through immediately. Anyone disagreeing on this, please, by all means, report in.

So let's keep things separate: Withdrawal problems are one thing. At the first sign, I'd like to know about them. The other thing is an exchange that tries to cover its ass when the inevitable subpoenas come in related to money laundering, Silk Road, etc. Bitstamp is rather nosy in that respect, but I prefer that to be honest over them being closed down if they can't answer to those subpoenas properly.

That's the deal: you want anonymity? Mine, or buy on btc-e. You want liquidity, and low counterparty risk? Bitstamp.

[Bronstad]

Bitcoin Exchange Guarantees Clients Crime-Free Trade in Denmark
By Niklas Magnusson

CCEDK Crypto Coins Exchange Denmark ApS CEO Ronny Boesing
May 23 (Bloomberg) -- Denmark is about to get a new Bitcoin exchange, promising future clients a crime-free platform on which to trade the virtual currency.
The CCEDK Crypto Coins Exchange Denmark ApS, which is due to open this month, is offering its trading platform to people across the globe, Chief Executive Officer Ronny Boesing said in an interview. The exchange will initially provide customers with the possibility to trade Bitcoin and Litecoin against each other, as well as in exchange for Danish and Norwegian kroner, British pounds, dollars and euros.

Fortræffelig!
   

[adamstgBit]

price snapping back now

[Richy_T]

Fibonacci say..

Don't panic.

He does look like a pretty chill guy.

[edwardspitz]

Bitcoin Exchange Guarantees Clients Crime-Free Trade in Denmark
By Niklas Magnusson

CCEDK Crypto Coins Exchange Denmark ApS CEO Ronny Boesing
May 23 (Bloomberg) -- Denmark is about to get a new Bitcoin exchange, promising future clients a crime-free platform on which to trade the virtual currency.
The CCEDK Crypto Coins Exchange Denmark ApS, which is due to open this month, is offering its trading platform to people across the globe, Chief Executive Officer Ronny Boesing said in an interview. The exchange will initially provide customers with the possibility to trade Bitcoin and Litecoin against each other, as well as in exchange for Danish and Norwegian kroner, British pounds, dollars and euros.

Fortræffelig!
   

Fedt :-)

[dreamspark]

There are no "withdrawal problems" on Bitstamp. Not fiat, not Bitcoin. Not a single documented case. Head over to the services subforum and find the relevant thread and check for yourself.

There are rather intrusive questions asked when you withdraw larger sums, either fiat or Bitcoin. After those questions are answered, the withdrawals go through immediately. Anyone disagreeing on this, please, by all means, report in.

So let's keep things separate: Withdrawal problems are one thing. At the first sign, I'd like to know about them. The other thing is an exchange that tries to cover its ass when the inevitable subpoenas come in related to money laundering, Silk Road, etc. Bitstamp is rather nosy in that respect, but I prefer that to be honest over them being closed down if they can't answer to those subpoenas properly.

That's the deal: you want anonymity? Mine, or buy on btc-e. You want liquidity, and low counterparty risk? Bitstamp.

I guess that falls under what you define a problem as.

Can't withdraw fiat even though you're verified without asking intrusive questions above and beyond what a company could possibly need to know for KYC/AML, add on the fact that many people can't sign their most used deposit address then I'd call it a problem.
Insolvency is a different question but when you want your money that they were happy for you to deposit in the first place without asking where it came from then, to me, thats a pretty big problem.

Its not about anonymity, I don't want/need to remain anonymous its about personal questions that are far more intrusive than is necessary, covering their ass or not doesn't really change that.

[Dragonkiller]

Are stamp problems are related only to $ withdrawal requests?

It seems so. I haven't heard of anyone being asked ridiculous stuff like this withdrawing BTC but Stamp was my reliable exchange that even if I did some trades elsewhere Stamp was the fiat gateway.

Can anyone confirm? And how much money must it be for these kind of problems to show up?

Read around there has been a few stories of these new requirements going around. Thats the main issue, there is no advertised threshold that you bump up against these problems. The guy was trying to draw max $4000, thats pocket change! The other explanation is its worked out on trade volume but how fucking retarded. I could trade the same 10 coins 1000 times or do one 10k trade, which one should raise the most flags?

But there's still no problems of bitcoin withdrawal right?

There are no "withdrawal problems" on Bitstamp. Not fiat, not Bitcoin. Not a single documented case. Head over to the services subforum and find the relevant thread and check for yourself.

There are rather intrusive questions asked when you withdraw larger sums, either fiat or Bitcoin. After those questions are answered, the withdrawals go through immediately. Anyone disagreeing on this, please, by all means, report in.

So let's keep things separate: Withdrawal problems are one thing. At the first sign, I'd like to know about them. The other thing is an exchange that tries to cover its ass when the inevitable subpoenas come in related to money laundering, Silk Road, etc. Bitstamp is rather nosy in that respect, but I prefer that to be honest over them being closed down if they can't answer to those subpoenas properly.

That's the deal: you want anonymity? Mine, or buy on btc-e. You want liquidity, and low counterparty risk? Bitstamp.

+1

I answered their questions and had no problems after.

[oda.krell]

There are no "withdrawal problems" on Bitstamp. Not fiat, not Bitcoin. Not a single documented case. Head over to the services subforum and find the relevant thread and check for yourself.

There are rather intrusive questions asked when you withdraw larger sums, either fiat or Bitcoin. After those questions are answered, the withdrawals go through immediately. Anyone disagreeing on this, please, by all means, report in.

So let's keep things separate: Withdrawal problems are one thing. At the first sign, I'd like to know about them. The other thing is an exchange that tries to cover its ass when the inevitable subpoenas come in related to money laundering, Silk Road, etc. Bitstamp is rather nosy in that respect, but I prefer that to be honest over them being closed down if they can't answer to those subpoenas properly.

That's the deal: you want anonymity? Mine, or buy on btc-e. You want liquidity, and low counterparty risk? Bitstamp.

I guess that falls under what you define a problem as.

Can't withdraw fiat even though you're verified without asking intrusive questions above and beyond what a company could possibly need to know for KYC/AML, add on the fact that many people can't sign their most used deposit address then I'd call it a problem.
Insolvency is a different question but when you want your money that they were happy for you to deposit in the first place without asking where it came from then, to me, thats a pretty big problem.

No, see, you're lawyering now. Not even that, you're twisting words.

We all know what "withdrawal problems" mean in the context of Bitcoin exchanges: the inability to serve withdrawal requests of customers.

And that's exactly what is not going on over at Bitstamp. What is going on is that, at some point during the past year, (a) they decided they want to establish a more intrusive KYC procedure for large withdrawals, and (b) that they don't want to make a big public announcement about it.

I support their right to do (a), but would have preferred if they would have avoided doing it rather backhandedly, i.e. I don't support (b). But by now everyone who follows the Bitstamp thread knows about it, so it's, if you want to call it, an open secret: if you want to deal in large(ish) sums on Bitstamp, prepare for the additional KYC questionnaire.

[ChrisML]

Someone care to explain why BTC-E is nearly $20 behind bitstamp?

What is the cause of this?

[oda.krell]

Someone care to explain why BTC-E is nearly $20 behind bitstamp?

What is the cause of this?

Withdrawal problems at Bitstamp.

(i'm kidding, I'm kidding )

[adamstgBit]

Someone care to explain why BTC-E is nearly $20 behind bitstamp?

What is the cause of this?

simply put, poeple selling on BTC-E are on drugs!

[fonzie]

Someone care to explain why BTC-E is nearly $20 behind bitstamp?

What is the cause of this?

For the same reason why Bitstamp always was behind MtGox.

Who would have thought that BTC-E would once be considered the most reliable and safe exchange