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Author Topic: How long to transfer coins from Bitstamp to Mt. Gox?  (Read 731 times)
hjordan (OP)
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September 09, 2013, 07:39:11 PM
 #1

I have just sent a coin from Bitstamp to Mt. Gox. It has left my Bitstamp account, but isn't showing yet in my Mt. Gox account yet.
nobbynobbynoob
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September 09, 2013, 07:40:21 PM
 #2

Six confirmations from when the 'coin leaves Bitstamp via the blockchain.

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hjordan (OP)
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September 09, 2013, 07:48:24 PM
 #3

Mt. Gox say 'All deposits are subject to AML checks due to more stringent AML requirements, and this process may take up to 24 hours after the funds have reached us.'
They surely don't mean even coin deposits. I wanted to transfer a large amount of coins, but I'm testing it with one as I've never transferred coins before. So, it's going to take two days to do the transfer?
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September 09, 2013, 07:52:11 PM
 #4

AML/KYC stuff applies to fiat, not bitcoin. However, Mt Gox does impose verification requirements for using their exchange, and they always had a BTC200 limit for unverified clients for as long as I can remember, but I've not been around in this community nearly as long as some.

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odolvlobo
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September 09, 2013, 11:18:13 PM
 #5

If you transferred bitcoins from Bitstamp to MtGox to take advantage of the price discrepancy, you will soon learn why there is a price discrepancy.

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sublime5447
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September 09, 2013, 11:23:32 PM
 #6

They froze my BTC over there at gox until I uploaded more info.

and ya no good reason to transfer from bitstamp to gox?
CeeHustle
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September 10, 2013, 12:03:14 AM
 #7

I have just sent a coin from Bitstamp to Mt. Gox. It has left my Bitstamp account, but isn't showing yet in my Mt. Gox account yet.


Just checking to make sure you know it's pretty much impossible to withdraw money from Mt Gox.  Might want to consider that before using it.
marcovaldo
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September 10, 2013, 12:06:29 AM
 #8

It should take less than a couple of hours.

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hjordan (OP)
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September 10, 2013, 01:24:56 AM
 #9

It took a couple of hours in the end. I've been following the price since just before the peak and Mt. Gox has always had a higher price.
Mt. Gox say a SEPA withdrawal will take up to a week. I can wait a week. For those saying you can't get your money out, are you saying they're lying? If so thanks for tip. I may move that one coin back to Bitstamp. I'm already verified with Mt. Gox.
akaman
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September 11, 2013, 05:11:14 AM
 #10

Sadly, withdrawing USD from MtGox is a lengthy if not impossible affair at the moment. I waited 3 weeks for my withdrawal to process before giving up (I cancelled it). You could wait longer and maybe have success but what's the point of that (prices will have changed etc). Stick with Bitstamp or other smaller exchange (I use justcoin.com) with functioning deposit and withdrawal procedures.
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