Bitcoin Forum
May 23, 2018, 11:12:59 PM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 [63] 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 ... 349 »
  Print  
Author Topic: MtGox withdrawal delays [Gathering]  (Read 855638 times)
johnblaze
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250


View Profile
September 03, 2013, 09:01:13 PM
 #1241

Or is this an arb opportunity that only Euro Users are really taking advantage of 1,000 EUR at a time?

why do you think the arb exists? if it were easy to exploit, then the market would do so, and then it would no longer exist
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1527117179
Hero Member
*
Offline Offline

Posts: 1527117179

View Profile Personal Message (Offline)

Ignore
1527117179
Reply with quote  #2

1527117179
Report to moderator
1527117179
Hero Member
*
Offline Offline

Posts: 1527117179

View Profile Personal Message (Offline)

Ignore
1527117179
Reply with quote  #2

1527117179
Report to moderator
NewLiberty
Legendary
*
Offline Offline

Activity: 1204
Merit: 1000


Gresham's Lawyer


View Profile WWW
September 03, 2013, 09:49:34 PM
 #1242

Maybe gox is buying low from other sources(bitstamp, btc-e, etc).. and selling it high on gox.. someone alert the owners from bitstamp, etc about this possible shenanigan and stop it at its source.
Well, Gox "promised" not to do that.  What does seem evident is that they have whales proxies who are getting their wires prioritized in order to keep liquidity flowing through the exchange.  Otherwise the price would have been $10,000 yesterday. 
Is there "liquidity flowing through the exchange?" Or is most of the volume just trading back and forth within Mt. Gox's system?

If some "whale" was able to get money out and exploit that huge spread, the spread would shrink.

Nagle, do you read Forbes?

Apparently ... Forbes reads you:

http://www.forbes.com/sites/beltway/2013/09/03/how-bitcoin-spreads-violate-a-fundamental-economic-law/

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
joesmoe2012
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500


Ching-Chang;Ding-Dong


View Profile WWW
September 04, 2013, 01:16:19 AM
 #1243

Gox local JP withdrawals may now also be delayed.   Where as my previous withdrawals to a local Japanese account were 1 day.  My last withdrawal is now going into day 5 with no sign of being deposited into my account.  This one particular withdrawal is only a few thousand dollars.   Lets see how long this takes.



Interesting. I wonder if the 1 payment per 20 days rule applies to japanese as well.

Zibbo
Jr. Member
*
Offline Offline

Activity: 59
Merit: 0


View Profile
September 04, 2013, 05:54:35 AM
 #1244

To contrast some reports that SEPA transfers are now fast, I just yesterday received a 1000€ SEPA withdrawal that I made on May 8th 2013 (so almost 4 months). Previous payment I received was on Aug 14th for a withdrawal made just day before on May 7th (also 1000€). I have 2 more 1000€ withdrawals pending made on May 10th and May 14th.

Since apparently some people are receiving SEPA withdrawals with minimal waiting, the claim that Mt. Gox is working on a "queue" is quite laughable from my perspective. My theory is that everybody receives "something" every few weeks in effort to calm people down.
sturle
Legendary
*
Offline Offline

Activity: 1444
Merit: 1001

https://bitmynt.no


View Profile WWW
September 04, 2013, 06:59:10 AM
 #1245

To contrast some reports that SEPA transfers are now fast, I just yesterday received a 1000€ SEPA withdrawal that I made on May 8th 2013 (so almost 4 months). Previous payment I received was on Aug 14th for a withdrawal made just day before on May 7th (also 1000€). I have 2 more 1000€ withdrawals pending made on May 10th and May 14th.
This is exactly as expected and explained earlier in the thread.  To give all users a fair chance to withdraw, your next withdrawals will go to the long queue when one is processed.  Currently this long queue is about 10 business days (depends on the queue size for new withdrawals).  In order to get your money faster, you should cancel the two 1k withdrawals you have left, and make one withdrawal of 2k.

Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.
sturle
Legendary
*
Offline Offline

Activity: 1444
Merit: 1001

https://bitmynt.no


View Profile WWW
September 04, 2013, 07:08:42 AM
 #1246

Gox local JP withdrawals may now also be delayed.   Where as my previous withdrawals to a local Japanese account were 1 day.  My last withdrawal is now going into day 5 with no sign of being deposited into my account.  This one particular withdrawal is only a few thousand dollars.   Lets see how long this takes.
Interesting.  I know there have been delays earlier due to very high JPY withdrawal volume.  I suspect this is due to MtGox having to move money from their deposits in other currencies to a JPY account before being able to process more withdrawals, and this may (or may not) take a few days depending on how MtGox have placed their money.  You could try asking in #mtgox or ask support directly.

Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.
AceCoin
Full Member
***
Offline Offline

Activity: 167
Merit: 100



View Profile
September 04, 2013, 09:46:57 AM
 #1247

To contrast some reports that SEPA transfers are now fast, I just yesterday received a 1000€ SEPA withdrawal that I made on May 8th 2013 (so almost 4 months). Previous payment I received was on Aug 14th for a withdrawal made just day before on May 7th (also 1000€). I have 2 more 1000€ withdrawals pending made on May 10th and May 14th.

Since apparently some people are receiving SEPA withdrawals with minimal waiting, the claim that Mt. Gox is working on a "queue" is quite laughable from my perspective. My theory is that everybody receives "something" every few weeks in effort to calm people down.

yes but the queue is not of their bank, that MUST process a sepa in 1 working day by european law...

is MTGOX'S database queue based on the bank limits. If they know that the bank can do, for example, every day 10 sepa or 10.000 euro and not more, So you ask for a sepa, your request stay on their database N days, and so when they ask to the bank, the bank do this sepa in 1 working day as must be by law.  

In this way they can say "WE DO SEPA TRANSFER"!!! but you have to wait 1/2 months  Cool
joesmoe2012
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500


Ching-Chang;Ding-Dong


View Profile WWW
September 04, 2013, 10:17:47 AM
 #1248

      Received SEPA yesterday from mid july. Small-ish one.   

Serpens66
Legendary
*
Offline Offline

Activity: 1834
Merit: 1008



View Profile
September 04, 2013, 01:53:41 PM
 #1249

@ sturle:
what about your withdraw? ^^  How long it should take before u made ur own counterexample? Cheesy

Mit Cointracking behältst du die Übersicht über all deine Trades und Gewinne. Sogar ein Tool für die Steuer ist dabei Wink
Testen ist kostenlos und mit dem obigen Link bekommst du 10% Rabatt auf die kostenpflichtigen Pakete. Thread                                        Great Freeware Game: Clonk Rage
Für instant Handel auch am Wochenende bei bitcoin.de sollte man das Fidorkonto verwenden Smiley FAQ Ref-Link: Registrieren
dlasher
Sr. Member
****
Offline Offline

Activity: 466
Merit: 250



View Profile WWW
September 04, 2013, 03:27:30 PM
 #1250

Still have International wire to US outstanding from June 25th.. Yes June 25th.. heading towards (3) months since transfer was requested..

I, like many others, have open support tickets, but keep getting the "we're sorry, please wait longer" response. Here's the response I got on 8/30.

Quote
Thank you for your waiting and your patience. We are sorry to inform you that we do have updates only as informed through earlier mails and we are not able to provide an ETA on any transactions.

Since we are clearing many pending withdrawals by increasing the transaction speed we do hope that your withdrawals will also be cleared soon without much of the waiting.

Best regards,

Mt.Gox Team

The cynic in me is starting to believe they just don't have the cash, and are waiting to get enough.. .panic causing insolvency. Mid July I bought coin (at a loss) and pulled all my money out (except my outstanding transfers) that way. I don't trust Gox any more.
sturle
Legendary
*
Offline Offline

Activity: 1444
Merit: 1001

https://bitmynt.no


View Profile WWW
September 04, 2013, 05:38:35 PM
 #1251

@ sturle:
what about your withdraw? ^^  How long it should take before u made ur own counterexample? Cheesy
Long story short: There was a problem with it, so the first attempt failed.  The next attempt got in the long queue because it became the second attempt in less than 10 days. Angry

It should go out tomorrow.

Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.
NewLiberty
Legendary
*
Offline Offline

Activity: 1204
Merit: 1000


Gresham's Lawyer


View Profile WWW
September 04, 2013, 06:25:48 PM
 #1252

Like a bank run... a self fulfilling prophesy.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
zwanzig20
Member
**
Offline Offline

Activity: 98
Merit: 10



View Profile
September 04, 2013, 06:50:17 PM
 #1253

To contrast some reports that SEPA transfers are now fast, I just yesterday received a 1000€ SEPA withdrawal that I made on May 8th 2013 (so almost 4 months). Previous payment I received was on Aug 14th for a withdrawal made just day before on May 7th (also 1000€). I have 2 more 1000€ withdrawals pending made on May 10th and May 14th.

Since apparently some people are receiving SEPA withdrawals with minimal waiting, the claim that Mt. Gox is working on a "queue" is quite laughable from my perspective. My theory is that everybody receives "something" every few weeks in effort to calm people down.

I think you are right, I got 1 out of 4 payments from August. What status do peoples withdrawals get stuck on?
sturle
Legendary
*
Offline Offline

Activity: 1444
Merit: 1001

https://bitmynt.no


View Profile WWW
September 04, 2013, 07:12:29 PM
 #1254

Since apparently some people are receiving SEPA withdrawals with minimal waiting, the claim that Mt. Gox is working on a "queue" is quite laughable from my perspective. My theory is that everybody receives "something" every few weeks in effort to calm people down.
I think you are right, I got 1 out of 4 payments from August. What status do peoples withdrawals get stuck on?
Do you have a counter-example to this? (Days are business days.)  I've noticed one claim of delayed JPY domestic transfer as well.

https://bitcointalk.org/index.php?topic=179586.msg3024749#msg3024749

Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.
zwanzig20
Member
**
Offline Offline

Activity: 98
Merit: 10



View Profile
September 04, 2013, 07:38:47 PM
 #1255

Since apparently some people are receiving SEPA withdrawals with minimal waiting, the claim that Mt. Gox is working on a "queue" is quite laughable from my perspective. My theory is that everybody receives "something" every few weeks in effort to calm people down.
I think you are right, I got 1 out of 4 payments from August. What status do peoples withdrawals get stuck on?
Do you have a counter-example to this? (Days are business days.)  I've noticed one claim of delayed JPY domestic transfer as well.

https://bitcointalk.org/index.php?topic=179586.msg3024749#msg3024749

It depends, you wrote this:

 smaller than 1000 EUR will get in a priority queue and used to fill the daily quota
larger than 1000 EUR, up to 30000 EUR are processed in FIFO order

Do you count exactly 1000 as above or smaller as 1000 row?
And from which date do you count the 10 business days? From the day you received it? On of my orders was around 93 but still didn't get through eventough 10 business days had passed since receiving the first order.
sturle
Legendary
*
Offline Offline

Activity: 1444
Merit: 1001

https://bitmynt.no


View Profile WWW
September 04, 2013, 09:49:05 PM
 #1256

I think you are right, I got 1 out of 4 payments from August. What status do peoples withdrawals get stuck on?
Do you have a counter-example to this? (Days are business days.)  I've noticed one claim of delayed JPY domestic transfer as well.

https://bitcointalk.org/index.php?topic=179586.msg3024749#msg3024749
It depends, you wrote this:

 smaller than 1000 EUR will get in a priority queue and used to fill the daily quota
larger than 1000 EUR, up to 30000 EUR are processed in FIFO order

Do you count exactly 1000 as above or smaller as 1000 row?
And from which date do you count the 10 business days? From the day you received it? On of my orders was around 93 but still didn't get through eventough 10 business days had passed since receiving the first order.
I don't know if the limit is <= 1000 or < 1000.  The 10 business days are counted from the date your last payment was completed.  Unfortunately cancelling seems to count as completed as well.  10 days is variable.  It depends on the current queue, and used to be higher.

Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.
sturle
Legendary
*
Offline Offline

Activity: 1444
Merit: 1001

https://bitmynt.no


View Profile WWW
September 05, 2013, 10:49:55 AM
 #1257

Update on Local JP Bank account withdrawal.   Going into day 7 with no money in sight.  Day 3 with no reply from support as to what there average withdrawal in Japan has gone up to, and no response from their "Banking" department on when the money is expected to transfer.   My transfer before this one was 1 business day.  So something has changed.
Have you heard of other people having the same problem?  This is the only report I have seen recently about delayed JPY domestic transfer.  What is the status of the transfer?  Confirmed or pending?

In other news: My SEPA withdrawal went pending today.  Expect to have the money tomorrow.  Will buy BTC (most likely from a private seller to save time and fees), sell again on MtGox and hopefully make 10%.

Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.
zwanzig20
Member
**
Offline Offline

Activity: 98
Merit: 10



View Profile
September 05, 2013, 01:28:42 PM
 #1258

I think you are right, I got 1 out of 4 payments from August. What status do peoples withdrawals get stuck on?
Do you have a counter-example to this? (Days are business days.)  I've noticed one claim of delayed JPY domestic transfer as well.

https://bitcointalk.org/index.php?topic=179586.msg3024749#msg3024749
It depends, you wrote this:

 smaller than 1000 EUR will get in a priority queue and used to fill the daily quota
larger than 1000 EUR, up to 30000 EUR are processed in FIFO order

Do you count exactly 1000 as above or smaller as 1000 row?
And from which date do you count the 10 business days? From the day you received it? On of my orders was around 93 but still didn't get through eventough 10 business days had passed since receiving the first order.
I don't know if the limit is <= 1000 or < 1000.  The 10 business days are counted from the date your last payment was completed.  Unfortunately cancelling seems to count as completed as well.  10 days is variable.  It depends on the current queue, and used to be higher.

Ok thanks, well it seems your description is pretty accurate then.
Jouke
Sr. Member
****
Offline Offline

Activity: 427
Merit: 250



View Profile WWW
September 05, 2013, 02:10:12 PM
 #1259

Welp. Besides all the fiat problems, they also have a problem with BTC withdrawals... They spend Coinbase transactions with only 6 confirmation...

(coinbase transactions are unspendable in the first 120 blocks)

Koop en verkoop snel en veilig bitcoins via iDeal op Bitonic.nl
AceCoin
Full Member
***
Offline Offline

Activity: 167
Merit: 100



View Profile
September 05, 2013, 03:00:17 PM
 #1260

Welp. Besides all the fiat problems, they also have a problem with BTC withdrawals... They spend Coinbase transactions with only 6 confirmation...

(coinbase transactions are unspendable in the first 120 blocks)

so how much time it takes a BTC withdrawal?
Pages: « 1 ... 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 [63] 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 ... 349 »
  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!