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Author Topic: MtGox withdrawal delays [Gathering]  (Read 880285 times)
qxzn
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November 19, 2013, 10:06:28 AM
 #2441

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
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mike81
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November 19, 2013, 10:47:50 AM
 #2442

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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November 19, 2013, 10:55:08 AM
 #2443

A friend of mine  ordered a SEPA withdrawal of ~1k on October 7th. Came through today.

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November 19, 2013, 12:05:05 PM
 #2444

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

maybe you are a best luck guy!   try again...
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November 19, 2013, 01:06:26 PM
 #2445

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?

You can't get your money out of Mt.Gox, so why even try?

SEPA to Gox can take 10 business days (because SEPA can be recalled).
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November 19, 2013, 01:46:34 PM
 #2446

I`ve received today a withdrawal in us for a little over 4k from July I`ve paid the 5%.
Best
T.

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chungenhung
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November 19, 2013, 04:35:30 PM
 #2447

I`ve received today a withdrawal in us for a little over 4k from July I`ve paid the 5%.
Best
T.
so that makes it 4 months WITH the 5% fee.
I guess next they will ask for 10% fee to speed up your withdraw.
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November 19, 2013, 07:43:45 PM
 #2448


Going on 24 hours and the transfer of BTC to my wallet has not happened. I checked the blockchain for the address given to MtGox for the transfer and there hasn't been any activity.

Sent 2 service requests so far and haven't received a response.

Worst part is the BTC were IMMEDIATELY removed from my MtGox account... and they havent been sent to me yet.
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November 19, 2013, 07:48:42 PM
 #2449

Gox's motto: Take a 100% Fee Hit and you receive your funds immediately.


hahaha

fuckers

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November 19, 2013, 07:58:15 PM
 #2450

Sturle, what's happening with BTC transfers? Is Gox overwhelming the BTC network with its huge volume, just as they did with the traditional financial system? Maybe the blockchain is just unable to keep up with Gox's thriving activity?

Please let us know.

/irony off

I'm glad I bailed out for good a few months ago. Shit is hitting the fan. Sturle, please explain us again how a +$10M hole is nothing for Gox as they do a lot of millions in trading fees and they can just cover any hit they get because they are super-mega-liquid.

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November 19, 2013, 08:24:33 PM
 #2451

Sturle, what's happening with BTC transfers? Is Gox overwhelming the BTC network with its huge volume, just as they did with the traditional financial system? Maybe the blockchain is just unable to keep up with Gox's thriving activity?
I just had four normal BTC transfers sent from bitcoin-qt using default fee settings take more than 24 hours.  Finnally killed them off by spending the change output of all four transactions with a huge fee to attract child-pays-for-parent miners.  So, yes.  The BTC network is somewhat overloaded.  I have never experienced such delays before.  What is your experience?

There are many reasons for the delays experienced by some.  (I never had the problem myself.)  The user Delerium, who hangs out in #mtgox and updates a wiki page about the delays, made this handy page for checking delays for individual transactions from MtGox.  Transactions which are more than 2 hours delayed will show up there.  The rest will get confirmed and never show up on this list.  If anyone are interested in the reason for the delay instead of bashing people here, have a look at the list for some interesting insight.

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 19, 2013, 08:46:02 PM
 #2452

Wow thanks what a great resource.

I found my transaction on the page. Confirmed that a transaction fee is paid (0.0005) and there aren't any 'flags' associated with the transaction.

When I click on the transaction ID, another page opens w/ the blockchain explorer. Unfortunately the explorer says the transaction ID is not found. I tried a few other transactions and they show up in the explorer, with high queues positions.

Most of the 'old' transactions on the page are also showing up in the blockchain explorer, while mine is not. Should I be concerned?

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November 19, 2013, 10:50:40 PM
 #2453

Wow thanks what a great resource.

I found my transaction on the page. Confirmed that a transaction fee is paid (0.0005) and there aren't any 'flags' associated with the transaction.

When I click on the transaction ID, another page opens w/ the blockchain explorer. Unfortunately the explorer says the transaction ID is not found. I tried a few other transactions and they show up in the explorer, with high queues positions.

Most of the 'old' transactions on the page are also showing up in the blockchain explorer, while mine is not. Should I be concerned?
You can try to push it yourself and see if there is an error.  Get the raw transaction from the page and paste it here: http://blockchain.info/pushtx

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 19, 2013, 10:57:31 PM
 #2454

Ok I just tried to post the transaction manually. I first did the suggested "decode" and that seemed to work, I dont understand the details of the JSON-like out, but there weren't any errors.

After posting the transaction, the website returned:

An outpoint is already spent [(97675055, 1), (97435242, 0), (97475290, 0), (97480163, 0), (97381466, 0), (97409916, 1), (97420573, 0)]

Looks like MtGox tried to double spend ?

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November 20, 2013, 12:51:59 AM
 #2455

Yesterday many guys converted  USD->BTC in MTGOX.  The amount of BTC is more than 100k.

Maybe the most part of  BTC is being withdrawed from MTGOX.  So the speed of BTC withdrawal is slower.

Now you can choose to waiting for BTC withdrawal or to waiting for USD withdrawal in MTGOX.


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November 20, 2013, 01:34:41 PM
 #2456

My €500 witdrawal from 10/13 changed to 'pending' today. Usually after that it takes a day to process.
I have more withdrawal requests in the queue and this actually is 20 days after the last withdrawal was processed.
Seems like the 6 week delay is correct, not sure if they are catching up now.
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November 20, 2013, 07:12:01 PM
 #2457

My SEPA withdrawal from 2013/10/12  went "Pending" today, will report once the money is in my bank (should be tomorrow or Friday).
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November 20, 2013, 07:14:37 PM
 #2458

Nice to know that it takes 6 weeks to withdraw money. I have withdrawal from 2013/10/22 and still waiting, so I can expect processing in next 10 days.

1.5$ for every referral http://goo.gl/nRUaKD
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November 20, 2013, 09:02:18 PM
 #2459

seems to me like Mt gox is taking the piss. don't know how they can be allowed to not action things and take so long
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November 20, 2013, 09:09:11 PM
 #2460

I just added a bank account for an incoming international wire at Gox. It's still "greyed out," how long until I can actually select it? Anyone know?

Also, I just did a BTC withdrawal from Gox and it took in a few minutes. You need to move at least 1.0 BTC though (and I paid the small fee).

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