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Author Topic: mtgox.com reliable?  (Read 1218 times)
tarui (OP)
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July 22, 2013, 05:43:16 PM
 #1

I'm going to transfer around 10k usd to get some bitcoins for buying thr miners and just want to know if there are issues with this exchange

Eg btc e stealing accounts etc or not being able to transfer money out to your local bank after selling bitcoins etc
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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ronaldlee0917
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July 22, 2013, 06:30:07 PM
 #2

Expect 1-2 months delay trying to get money out of MtGox.
Their support are capable in doing nothing except pissing off their customers or giving generic copy-and-paste replies.
I would advise anyone without extraordinary patience to stay away from MtGox.

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July 22, 2013, 06:39:19 PM
 #3

I'm going to transfer around 10k usd to get some bitcoins for buying thr miners and just want to know if there are issues with this exchange
Yes, there are issues.
Quote
not being able to transfer money out to your local bank after selling bitcoins etc
No one has been able to get money out of Mt. Gox in US dollars for the last month.

Read the other threads in "Service discussion" about Mt. Gox and their problems.
CoinDiver
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July 22, 2013, 06:42:42 PM
 #4

For what you're doing, yes MTGOX has generally been reliable.

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zeroblock
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July 22, 2013, 07:15:36 PM
 #5

If you ever want to see your fiat, don't use Gox.
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July 22, 2013, 07:28:40 PM
 #6

I'm going to transfer around 10k usd to get some bitcoins for buying thr miners and just want to know if there are issues with this exchange

Eg btc e stealing accounts etc or not being able to transfer money out to your local bank after selling bitcoins etc

The question is - can you read? There are three threads just at the top of the page about MtGox money transfers problems - but you are still asking about that?
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July 22, 2013, 07:32:31 PM
 #7

If you just want to transfer in money, buy bitcoins, and transfer the bitcoins out then I don't think you'll have any issues (other than maybe withdrawal limits if you don't have a verified account).

Getting fiat money (not bitcoins) out of Gox has been quite a problem lately though.
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July 22, 2013, 09:03:52 PM
 #8

You will lose 6-10% on the spread between exchanges.  Not a very wise decision. 
codesuela
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July 23, 2013, 07:49:57 AM
 #9

the only people who will recommend mtgox at this point are customers who hope that your incoming wire transfer will increase their cashflow and enable a few withdrawals.
the wiser decision would be to use bitstamp or a service like bitcoin brokers.
tarui (OP)
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July 23, 2013, 08:20:11 AM
 #10

the only people who will recommend mtgox at this point are customers who hope that your incoming wire transfer will increase their cashflow and enable a few withdrawals.
the wiser decision would be to use bitstamp or a service like bitcoin brokers.


there aren't problems with purchasing of bitcoins right?
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July 23, 2013, 11:14:23 AM
 #11

@OP I wouldn't. Wait a month and see if gox doesnt have more issues than they already have. If they do, you have not lost anything.

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July 23, 2013, 11:41:21 AM
 #12

I'm going to transfer around 10k usd to get some bitcoins for buying thr miners and just want to know if there are issues with this exchange

Why pay $93 on gox when you can pay $85 on Bitstamp?

That difference makes your mining hardware profitable sooner.

joesmoe2012
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July 23, 2013, 01:03:40 PM
 #13

Why not wire the $10k to bitstamp and buy there, better price for ya, and no delays on deposit (I made a deposit monday and it credited today).


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tarui (OP)
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July 23, 2013, 01:09:34 PM
 #14

Why not wire the $10k to bitstamp and buy there, better price for ya, and no delays on deposit (I made a deposit monday and it credited today).



yeah i am trying to get verified.

they rejected my attempt because they couldnt find my name on my ID.  Roll Eyes Roll Eyes Roll Eyes
joesmoe2012
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July 23, 2013, 01:20:30 PM
 #15

Why not wire the $10k to bitstamp and buy there, better price for ya, and no delays on deposit (I made a deposit monday and it credited today).



yeah i am trying to get verified.

they rejected my attempt because they couldnt find my name on my ID.  Roll Eyes Roll Eyes Roll Eyes


Sounds about right...

Check out BitcoinATMTalk - https://bitcoinatmtalk.com
EuroTrash
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July 24, 2013, 12:09:08 PM
 #16

Why not wire the $10k to bitstamp and buy there, better price for ya, and no delays on deposit (I made a deposit monday and it credited today).



yeah i am trying to get verified.

they rejected my attempt because they couldnt find my name on my ID.  Roll Eyes Roll Eyes Roll Eyes


what can I say, it seems that at least they look at those IDs so it kinda vouches for them doing their homework.
Try and send them also a picture with a nice red square identifying where your name is. And an explanation as well.

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