MtGox withdrawal delays [Gathering]

[virtualfaqs]

MtGox finally accepted my bank account. Pushed some PLN to my bank. We'll see. It is rather low amount (less than 0.2 BTC). Will keep you informed.

Is this a general pattern - a few small withdrawals go though, but not big ones? That's yet another indication that Mt. Gox is out of money.

Status update. It turned out that I cannot do a PLN withdrawal. The request has been rejected, with information that I have to withdraw in EUR. Then I had to buy bitcoins with PLN, sell them for EUR (FAQ says there is no other way to convert), of course paying the trade fee two times . Anyway I've put another withdrawal request, in EUR this time. It is worth noting however, that PLN withdrawal cancellation has been very fast as for MtGox, less than a hour .

Updated: Now the withdrawal is "confirmed". Then, farewell my money, see you in 6 weeks, I hope... 

Good luck. But if expect BTC to rise 20% in that time, you are better off using a different exchange.

[Chancellor]

Good luck. But if expect BTC to rise 20% in that time, you are better off using a different exchange.

Why should I? I've bought on BitStamp at 810 USD, sold on MtGox for 960. Then I'm some 30 USD in plus. I have to subtract two trading fees (cost of learning...), SEPA fee, which will be around 2 USD, then my bank will automatically convert EUR to PLN at some not very interesting rate... Still should be worth it. How is bitcoin priced in 6 weeks is completely irrelevant, it may be even 10 USD... Well, if it will be 1500 USD, holding would be better . The worst what can happen is MtGox total collapse and my money lost.

Of course doing arbitrage with 0.2 BTC is pathetitc, but I want a proof of concept for myself.

[JohanM]

MtGox finally accepted my bank account. Pushed some PLN to my bank. We'll see. It is rather low amount (less than 0.2 BTC). Will keep you informed.

Is this a general pattern - a few small withdrawals go though, but not big ones? That's yet another indication that Mt. Gox is out of money.

No, the amounts I received through SEPA are all large (>> 1k€) and they go through as stated in their FAQ.

[zyk]

really btc withdrawls are not working anymore either or are they taking a mere six weeks?  thats another way to get the spread down quickly 


#202343 bitcoin withdrawl

this withdrawl is not entering the blockchain but deducted from my account....

2014/01/28 17:27:12   Withdraw    7.00000000 BTC   0.34682426 BTC
Bitcoin withdraw to 19yrrJkasZPcBWvLSBhgotaFW9HT9z4KYS

what is happening? thanks

[virtualfaqs]

Good luck. But if expect BTC to rise 20% in that time, you are better off using a different exchange.

Why should I? I've bought on BitStamp at 810 USD, sold on MtGox for 960. Then I'm some 30 USD in plus. I have to subtract two trading fees (cost of learning...), SEPA fee, which will be around 2 USD, then my bank will automatically convert EUR to PLN at some not very interesting rate... Still should be worth it. How is bitcoin priced in 6 weeks is completely irrelevant, it may be even 10 USD... Well, if it will be 1500 USD, holding would be better . The worst what can happen is MtGox total collapse and my money lost.

Of course doing arbitrage with 0.2 BTC is pathetitc, but I want a proof of concept for myself.

My thinking is a huge whale has already tried unsuccessfully. I'd say in the beginning of January was a good time. But we're almost at the end of Jan 31 and other then China and FBI's BTC is the only predicted bad news on the horizon. So there's a higher chance now that BTC will go up 20+% in those 6 weeks in which you may not get your withdrawal.

[HerrAndreas]

MtGox finally accepted my bank account. Pushed some PLN to my bank. We'll see. It is rather low amount (less than 0.2 BTC). Will keep you informed.

dont do it.
sepa withdrawals are like waiting for godot (they hardly ever arrive - and even if they do, it is months for sure).
and now even btc withdrawals are getting "lost" in great numbers (check out the thread at https://bitcointalk.org/index.php?topic=431117.0).

do yourself a favour, dont give anything to mtgox you ever want to see again. seriously.

[Chancellor]

My thinking is a huge whale has already tried unsuccessfully. I'd say in the beginning of January was a good time. But we're almost at the end of Jan 31 and other then China and FBI's BTC is the only predicted bad news on the horizon. So there's a higher chance now that BTC will go up 20+% in those 6 weeks in which you may not get your withdrawal.

We'll see. If 20% rise happens, then just the rest of my BTC will work for me. Anyway what bitcoin learned me is that "news based trade" simply does not work. Personally I think BTC is still overvalued and it won't rise rapidly.

[isimme]

Anyone do Japanese domestic transfer using a CitiBank-JP account to/from Gox?
I hear that Gox wont/cant do business with Citibank-US
and am wondering if that is a US Gov restriction or maybe Citibank's internal policy?

[lucaing]

Anyone do Japanese domestic transfer using a CitiBank-JP account to/from Gox?
I hear that Gox wont/cant do business with Citibank-US
and am wondering if that is a US Gov restriction or maybe Citibank's internal policy?

Just got an answer from MtGox, that Citibank (in Japan) does not accept the transaction associated with the bitcoin.
 

[Dannie]

Anyone do Japanese domestic transfer using a CitiBank-JP account to/from Gox?
I hear that Gox wont/cant do business with Citibank-US
and am wondering if that is a US Gov restriction or maybe Citibank's internal policy?

Just got an answer from MtGox, that Citibank (in Japan) does not accept the transaction associated with the bitcoin.
 

 

[bakada]

..

[Sonny]

I have been verified on Mtgox, I wonder if I should deposit any money on the website

You mean deposit fiat? Or bitcoin?

[arniea]

Anyone do Japanese domestic transfer using a CitiBank-JP account to/from Gox?
I hear that Gox wont/cant do business with Citibank-US
and am wondering if that is a US Gov restriction or maybe Citibank's internal policy?

Just got an answer from MtGox, that Citibank (in Japan) does not accept the transaction associated with the bitcoin.
 

Oh, do they answer?

[Sonny]

Anyone do Japanese domestic transfer using a CitiBank-JP account to/from Gox?
I hear that Gox wont/cant do business with Citibank-US
and am wondering if that is a US Gov restriction or maybe Citibank's internal policy?

Just got an answer from MtGox, that Citibank (in Japan) does not accept the transaction associated with the bitcoin.
 

huh.   I just received a withdrawal today to my citibank japan account from gox and have been doing it for 5 or more months without issue.

This two pieces of info are conflicting with each other.

[lucaing]

Anyone do Japanese domestic transfer using a CitiBank-JP account to/from Gox?
I hear that Gox wont/cant do business with Citibank-US
and am wondering if that is a US Gov restriction or maybe Citibank's internal policy?

Just got an answer from MtGox, that Citibank (in Japan) does not accept the transaction associated with the bitcoin.
 

 

huh.   I just received a withdrawal today to my citibank japan account from gox and have been doing it for 5 or more months without issue.

i have been doing it for months without issue too, but this is the answer i received today for a 8 days ticket old..

"現在、シティバンク銀行はビットコインに関連する取引を受け付けておりません。

また他に何か困りごとや質問などがございましたらお問い合わせください。

よろしくお願い致します。

Best regards"

[arniea]

Anyone do Japanese domestic transfer using a CitiBank-JP account to/from Gox?
I hear that Gox wont/cant do business with Citibank-US
and am wondering if that is a US Gov restriction or maybe Citibank's internal policy?

Just got an answer from MtGox, that Citibank (in Japan) does not accept the transaction associated with the bitcoin.
 

huh.   I just received a withdrawal today to my citibank japan account from gox and have been doing it for 5 or more months without issue.

This two pieces of info are conflicting with each other

Yes, it conflicts.  But what I can say is I am doing it.  lol.

Welcome to Mt.Gox, the only place in the world with more conflicts than warzones!

Anyone do Japanese domestic transfer using a CitiBank-JP account to/from Gox?
I hear that Gox wont/cant do business with Citibank-US
and am wondering if that is a US Gov restriction or maybe Citibank's internal policy?

Just got an answer from MtGox, that Citibank (in Japan) does not accept the transaction associated with the bitcoin.
 

 

huh.   I just received a withdrawal today to my citibank japan account from gox and have been doing it for 5 or more months without issue.

i have been doing it for months without issue too, but this is the answer i received today for a 8 days ticket old..

"現在、シティバンク銀行はビットコインに関連する取引を受け付けておりません。

また他に何か困りごとや質問などがございましたらお問い合わせください。

よろしくお願い致します。

Best regards"

Very funny... English please?

[lucaing]

Anyone do Japanese domestic transfer using a CitiBank-JP account to/from Gox?
I hear that Gox wont/cant do business with Citibank-US
and am wondering if that is a US Gov restriction or maybe Citibank's internal policy?

Just got an answer from MtGox, that Citibank (in Japan) does not accept the transaction associated with the bitcoin.
 

 

huh.   I just received a withdrawal today to my citibank japan account from gox and have been doing it for 5 or more months without issue.

i have been doing it for months without issue too, but this is the answer i received today for a 8 days ticket old..

"現在、シティバンク銀行はビットコインに関連する取引を受け付けておりません。

また他に何か困りごとや質問などがございましたらお問い合わせください。

よろしくお願い致します。

Best regards"

I wonder if this just took effect.   Oh well, if thats going to be the case now time to open a japannet ginko account.   But I did just get a payment today 1/29.   Weird.

(to translate you can just use google translate...)

it's really weird, but i was waiting for a withdrawal since 12th January and yesterday i decided to cancel it, they did it and i made a new withdrawal on my JapaNet account... let's see what happens now!

[zyk]

Has anyone successfully withdrawn BTC since Sunday?

Thanks

Nope,

just tried one of 7 BTC and one of 10 BTC.....stuck for 24 hours......

Sturle....are your BTC withdrawls still working??


Thanks

[mp420]

Has anyone successfully withdrawn BTC since Sunday?

Thanks

Nope,

just tried one of 7 BTC and one of 10 BTC.....stuck for 24 hours......

Sturle....are your BTC withdrawls still working??


Thanks

Judging from all the outrage on this forum, Gox BTC withdrawals are seriously broken at the moment. Let's hope they can solve this.

[Sonny]

Has anyone successfully withdrawn BTC since Sunday?

Thanks

Nope,

just tried one of 7 BTC and one of 10 BTC.....stuck for 24 hours......

Sturle....are your BTC withdrawls still working??


Thanks

Oh my, we have bad BTC withdrawal delays as well now...