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Author Topic: MtGox withdrawal delays [Gathering]  (Read 879740 times)
tvbcof
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October 22, 2013, 06:58:02 AM
Last edit: October 22, 2013, 07:49:48 AM by tvbcof
 #2061


Sorry guys does anyone realize there is still a lawsuit pending against mtgox?  US customers are going to be hosed until this lawsuit is settled!
On or about March 20, 2013 MtGox
... snipped ...


So frankly, if you are in the US, don't waste your time!

I didn't spot anything saying that Mt. Gox is ordered to tell their customers bald faced 'several weeks' lies when customers ask for estimates.

I became quite favorable to Mt. Gox because they stood their ground on the Coinlabs deal and did not sell their customer's records to Coinlabs without authorization when it became questionable as to whether Coinlabs were crooks.  Of course if Coinlabs had held up their end of the deal, Mt. Gox would probably have done just this.  Whatever the case they have not sold customer data to the best of my knowledge...though they have been victimized by hackers/insiders and it is not fully known how much data was released or whether it was a singular event.  But anyway...

Mt. Gox managed to quash the good will I felt toward them by lying to my face when I asked about the disposition of the money they owe me.  And I specifically asked if they were not sending it due to the risk of confiscation.

 - edit - critical word insertion (not sold)

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bitdude
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October 22, 2013, 07:45:55 AM
 #2062

currently 3 months delay for USD payment, 1 month delay for EUR and no estimations given on when the funds will be released ...
RaTTuS
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October 22, 2013, 07:46:54 AM
 #2063

....heir customers bald faced 'several weeks' lies when customers ...
it's barefaced ;-p it's no Movember yet

In the Beginning there was CPU , then GPU , then FPGA then ASIC, what next I hear to ask ....

1RaTTuSEN7jJUDiW1EGogHwtek7g9BiEn
joesmoe2012
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October 22, 2013, 07:49:11 AM
 #2064

Rumor has it that SEPA is up to about Sept 10th (I have a transfer pending on the 13th and havenn't seen it come through yet, nor change from confirmed to processed).


tvbcof
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October 22, 2013, 07:56:49 AM
 #2065

....heir customers bald faced 'several weeks' lies when customers ...
it's barefaced ;-p it's no Movember yet

'Movember' came early this year.  Now $200/BTC on Gox, but more than that on BTCChina.  I find that critical because it seems very likely to me that China is going to dominate the Bitcoin economy going forward if their government maintains a passive posture.  I suspect that the shift could be abrupt and pronounced.


RedBill
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October 22, 2013, 09:49:53 AM
 #2066

I received a 5% withdrawal today, and have another pending. Everything is operating smoothly for me.

What currency?
chura
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October 22, 2013, 11:27:46 AM
 #2067

Hi all,

I experienced BTC withdrawal problems at the end of the last week, too. I withdrew 2 BTC on 2013-10-18 01:44 according to mtgox statement but the transaction was broadcasted on 2013-10-19 10:40 by mtgox, according to blockchain.info = delay of ~33 hours
...so: No, it was not caused by no-fee miner's decision, block mining statistics etc, but just by some BTC-insolvency of mtgox. Maybe it was temporary and hopefully it's already gone.

Also, I've requested to withdraw 6.5k EUR via SEPA on 18th Sep - status is still "confirmed".
sturle
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October 22, 2013, 12:04:31 PM
 #2068

Rumor has it that SEPA is up to about Sept 10th (I have a transfer pending on the 13th and havenn't seen it come through yet, nor change from confirmed to processed).
Latest reported received SEPA withdrawal is from September 12th.

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.
bitdude
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October 22, 2013, 12:30:15 PM
 #2069

they just informed me about this update that there is only 1 SEPA withdrawal in 20 days per client, why this information is missing in the client area  Embarrassed
sturle
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October 22, 2013, 01:23:33 PM
 #2070

they just informed me about this update that there is only 1 SEPA withdrawal in 20 days per client, why this information is missing in the client area  Embarrassed
It is mentioned in the FAQ on the support pages.  Isn't it linked somewhere?  It used to be.

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.
bitdude
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October 22, 2013, 01:25:32 PM
 #2071

yes, it is in FAQ article that is being updated from time to time without any notice ... I am really unhappy about how Gox handle this
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October 22, 2013, 02:41:26 PM
 #2072

On average how long time does Bitcoin cashouts take from gox? (I have been waiting about 3-4hours now)
sturle
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October 22, 2013, 05:41:18 PM
 #2073

On average how long time does Bitcoin cashouts take from gox? (I have been waiting about 3-4hours now)
Median is pretty much instant.  Average delay is very low, but there are a few outliers which go to the extreme.  Sometimes days.  I have explained the bug in an earlier post in this thread.  It depends on the fee of course, like all bitcoin transactions.

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.
zeroblock
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October 22, 2013, 06:16:45 PM
 #2074

On average how long time does Bitcoin cashouts take from gox? (I have been waiting about 3-4hours now)
Median is pretty much instant.  Average delay is very low, but there are a few outliers which go to the extreme.  Sometimes days.  I have explained the bug in an earlier post in this thread.  It depends on the fee of course, like all bitcoin transactions.

No those are not outliers, those are the median.  And Gox's "error" of double spending the transactions is purposeful in order to delay withdraws.  Aka capital controls. The transaction fee is not the problem.

https://bitcointalk.org/index.php?topic=314901.0
https://bitcointalk.org/index.php?topic=316152.0
Nemesis
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October 22, 2013, 07:23:48 PM
 #2075

On average how long time does Bitcoin cashouts take from gox? (I have been waiting about 3-4hours now)

Are you waiting for confirmations ? or for the transaction being broadcasted?
sturle
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October 22, 2013, 09:18:44 PM
 #2076

On average how long time does Bitcoin cashouts take from gox? (I have been waiting about 3-4hours now)
Median is pretty much instant.  Average delay is very low, but there are a few outliers which go to the extreme.  Sometimes days.  I have explained the bug in an earlier post in this thread.  It depends on the fee of course, like all bitcoin transactions.
No those are not outliers, those are the median.
Can you please document that, or are you making it up?  I sent four withdrawals yesterday.  All four went straight out with no delays.  Amounts from 1.4 to 10 BTC, no fee.  Reports here supports this as well.  Delayed transactions are exceptions.

Quote
And Gox's "error" of double spending the transactions is purposeful in order to delay withdraws.  Aka capital controls. The transaction fee is not the problem.
This is not an error, it is a feature.  Transactions which have been waiting for more than 24 hours are cancelled by a double spending transaction, and then tried again.  Read my explanation earlier in this thread.  Do you have any idea what capital control means, or was that just a fancy phrase that popped out of your head?

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.
trdiablo
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October 22, 2013, 09:41:48 PM
 #2077

Situation as of 16 October 2013: We are currently processing withdrawals requested five weeks ago. (Users with several withdrawals in the queue must take the 20 day rule above into account)

https://support.mtgox.com/entries/21649594-Withdrawals-and-Deposits
Raralith
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October 22, 2013, 10:16:41 PM
 #2078

Situation as of 16 October 2013: We are currently processing withdrawals requested five weeks ago. (Users with several withdrawals in the queue must take the 20 day rule above into account)

https://support.mtgox.com/entries/21649594-Withdrawals-and-Deposits

     * Japanese Domestic Transfer - Only for Japanese residents.
     * Polish Domestic Transfer - Only for Polish residents.
     * International Wire Transfer - Please note that we are unable to accept funds coming from or going to any entity, state or country listed by the US OFAC (Office of Foreign Assets Control).  If you wish to deposit from or withdraw to one of these countries, we are sorry but you can not do so through MtGox.
     * SEPA - Only for European residents
     * Okpay - Only for deposits

From the link above updated 10/17/2013. Does this mean no transfers to the US?
Keyser Soze
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October 22, 2013, 11:01:12 PM
 #2079

     * Japanese Domestic Transfer - Only for Japanese residents.
     * Polish Domestic Transfer - Only for Polish residents.
     * International Wire Transfer - Please note that we are unable to accept funds coming from or going to any entity, state or country listed by the US OFAC (Office of Foreign Assets Control).  If you wish to deposit from or withdraw to one of these countries, we are sorry but you can not do so through MtGox.
     * SEPA - Only for European residents
     * Okpay - Only for deposits

From the link above updated 10/17/2013. Does this mean no transfers to the US?

Only if your name shows up on the OFAC list. Unless you are a suspected terrorist (or something similar), it shouldn't. If you are really curious you can search it your self online.

The OFAC disclaimer has nothing to do with their ongoing international wire issues.
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October 23, 2013, 03:15:53 AM
 #2080

I've been screwed by Mt Gox and am not happy about it. A couple of weeks ago I got verified and sold some bitcoins with the idea of getting some cash. I gave Gox my bank account number to send the dollars there. Days went by and nothing happened. Finally I contacted support. At this point I hadn't received the dollars at my bank and yet the money was no longer in my Gox account. Fortunately for me support got back to me quickly and said there was a delay. But I had asked them HOW LONG would it take for me to receive my dollars, and they didn't say. So I asked again more pointedly. They responded with THREE WEEKS! But they said that they could transfer the dollars back to my account if I wanted to, if that was too long. Yes, I told them, I want the dollars back to my account, that's too long. So now I can see the dollars I got for my bitcoin but I am no longer in the withdrawal queue. Meanwhile the value of a bitcoin has gone up up up. So the only way for me to get my funds out at this point would be to buy the bitcoins back at WAY MORE than I sold them for. I haven't done this and am hoping that at some point in the future I can transfer my dollars out in a reasonable amount of time, but I'm not holding my breath. I should have kept my bitcoin in my computer wallet and not messed with online wallets is what I think now.
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