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Author Topic: Mt.Gox, potentially the reason for BitInstant's problems?  (Read 603 times)
zeroblock
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August 19, 2013, 11:11:07 AM
 #1

I know that BitInstant had some trouble with their new features that they rolled out but did Gox's money problems force a shutdown at BitInstant?

https://www.facebook.com/Bitinstant

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August 19, 2013, 11:35:31 AM
 #2

Replenish funds, i thought withdraws were the issue lately?

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August 19, 2013, 11:39:41 AM
 #3

Replenish funds, i thought withdraws were the issue lately?


Right.  But for BitInstant, maybe they were only using Gox to fulfill orders instead of multi-exchanges.  It would take time and effort to make sure the transition went smoothly.
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August 19, 2013, 06:25:18 PM
 #4

I only used Bitinstant once back in Summer of 2012 to get funds to GOX.

Back then they actually met their 1 hour requirement of getting funds into and out of the exchange.

Now, from what I hear, that is not the case. But this is all second-hand information I can't vouch for.


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August 19, 2013, 07:10:47 PM
 #5

Replenish funds, i thought withdraws were the issue lately?


Right.  But for BitInstant, maybe they were only using Gox to fulfill orders instead of multi-exchanges.  It would take time and effort to make sure the transition went smoothly.

I was under the impression that they were a premier partner, thus depositing funds with gox would never be an issue since the delay is due to anti-fraud measures and they have 100% confirmed bitinstant.

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August 19, 2013, 08:28:56 PM
 #6

Just use BitPay or Coinbase. I wonder if BitInstant can move to TradeHill as well.
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