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Author Topic: MtGox withdrawal delays [Gathering]  (Read 908379 times)
sturle
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November 18, 2013, 10:10:12 AM
 #2421

If you submit a withdraw from MtGox and let's say the price is at $500 and they don't "process" your withdraw until 2-4 weeks later, at what price are you being locked into? Are you being locked into the price on the day you initiated the withdraw, or on the day that the actual withdraw takes places.
This is a no-brainer.  You are locked to the price which you chose to sell your BTC for.  There is no "withdraw BTC as fiat" option.  MtGox will not reduce your amount if fiat if the price is lower than it was when you chose to sell.

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.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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November 18, 2013, 10:11:34 AM
 #2422

I have $4101 in my account but I can't request a withdrawal for any amount (the page says I have exceeded my limits or don't have enough funds). I have never requested a withdrawal before and my account is verified, am I missing something?
yes... u r missing the fact that mtgox doesn't process any withdrawals.
One thing is not processing or taking forever to do so, and a different one is not alowing me to even request a withdrawal
Did you change your password recently?  There is a 24 hour withdrawal hiatus after password reset for security reasons.  It is in a FAQ somewhere..

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.
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November 18, 2013, 10:15:32 AM
 #2423

I have $4101 in my account but I can't request a withdrawal for any amount (the page says I have exceeded my limits or don't have enough funds). I have never requested a withdrawal before and my account is verified, am I missing something?
yes... u r missing the fact that mtgox doesn't process any withdrawals.
One thing is not processing or taking forever to do so, and a different one is not alowing me to even request a withdrawal
Did you change your password recently?  There is a 24 hour withdrawal hiatus after password reset for security reasons.  It is in a FAQ somewhere..

Nope, it has been at least a month. I have sent a support ticket but no reply yet.
Energizer
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November 18, 2013, 07:33:25 PM
 #2424

How long does it take Mt. Gox to cancel a withdrawal request?  Really want to get my money out but they aren't responding very quickly.

It took around 2 working days to cancel my withdraw request. That was in October 2013.
madpoet
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November 18, 2013, 07:47:01 PM
 #2425

Yeah thanks they were pretty quick to cancel it.
gjgjg
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November 19, 2013, 01:27:45 AM
 #2426

im thinking of transferring btc to gox from stamp to take advantage of the price jump. then selling and withdraw but nervous about the time delay it would take for eu bank transfer. its about 2k, anyone do the same recently? any hints on how to speed it up like making 4 withdraws of 500 or would it not help?

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isnowblind
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November 19, 2013, 01:35:49 AM
 #2427

Anyone experiencing delays withdrawing BTC from mtgox (i.e. sending BTC to another wallet)... ?

Narydu
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November 19, 2013, 02:22:17 AM
 #2428

I transfered a FAIR ammount of coins the 6th Nov and still never got them, just a standar answer form support.

PLEASE ADVICE!!!!

isnowblind
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November 19, 2013, 02:35:15 AM
 #2429

So no way to get fiat or BTC out of MtGox? Is Mtgox really a one-way street?
madpoet
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November 19, 2013, 02:44:41 AM
 #2430

BTC is easy... or at least I've never had an issue.
isnowblind
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November 19, 2013, 02:47:52 AM
 #2431

When was the last time anyone sent btc out of mtgox and received confirmation? How long did it take?

I sent some BTC out about 8 hours ago, still no sight of them. Both my client and blockchain explorer show no transaction for the address used, but BTC already deducted from my mtgox account.
madpoet
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November 19, 2013, 03:05:22 AM
 #2432

I did yesterday.  I did pay the fee though.
Narydu
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November 19, 2013, 03:20:31 AM
 #2433

madpoet small ammpunts are easy to move I guess and keeps the feasts calm, but big amounts just seem impossible.
I've been waiting over 13 days!!! And I DID pay the fee.

naur
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November 19, 2013, 04:31:45 AM
 #2434

im thinking of transferring btc to gox from stamp to take advantage of the price jump. then selling and withdraw but nervous about the time delay it would take for eu bank transfer. its about 2k, anyone do the same recently? any hints on how to speed it up like making 4 withdraws of 500 or would it not help?

Maybe you will be waiting 2-4weeks and more...   good luck!
isnowblind
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November 19, 2013, 05:56:35 AM
 #2435

I also paid the fee... going on 12 hours now.
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November 19, 2013, 09:26:56 AM
 #2436

At this point I would be happy to wait 2-3 weeks and even pay the fee... but MtGox still doesn't let me request a withdrawal nor do they answer my support requests
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November 19, 2013, 09:48:53 AM
 #2437

Pretty sure no USD or swift withdrawals of any kind for the past few months. Small quantities of EUR arrive in European bank accounts via SEPA with massive delay (6 weeks give or take). Those with JPY accounts in Japan have had a bit better luck. Fortunately the decentralized method of moving money seems to work just fine still.

Just got another USD Swift withdrawal from mtgox (to a US bank). This was paying the 5% currency conversion fee charged by their japanese bank, and it took WAY more than a week this time, more like 3-4 weeks.
mike81
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November 19, 2013, 09:50:57 AM
 #2438

Just got another USD Swift withdrawal from mtgox (to a US bank). This was paying the 5% currency conversion fee charged by their japanese bank, and it took WAY more than a week this time, more like 3-4 weeks.
Was this a small or large amount? Small amounts seem to go through at the moment.
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November 19, 2013, 10:06:28 AM
 #2439

Just got another USD Swift withdrawal from mtgox (to a US bank). This was paying the 5% currency conversion fee charged by their japanese bank, and it took WAY more than a week this time, more like 3-4 weeks.
Was this a small or large amount? Small amounts seem to go through at the moment.


$20k
mike81
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November 19, 2013, 10:47:50 AM
 #2440

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

It states: "Due to the volume of withdrawals requests, each customer is currently only allowed 1 withdrawal every 20 days (estimate)"

What does that estimate mean?

And: "Situation as of 19 November 2013: We are currently processing withdrawals requested six weeks ago. (Users with several withdrawals in the queue must take the 20 day rule above into account)"

I think this was eight weeks last time i checked. Are they catching up?
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