Jasc (OP)
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October 30, 2013, 09:02:08 PM |
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I just downloaded MultiBit and made my first wallet an hour ago and have been reading up on bitcoin. I've seen a lot of disparaging posts about MTGox. Can anyone tell me what's up with that? Should I not use their services?
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jasperf
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November 03, 2013, 09:51:36 AM |
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As far as I know they seem to have withdrawal issues .
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LeilaD.
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November 03, 2013, 10:40:43 AM |
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I have no problen with MtGox!
It takes aproximately 3-4 days to verufied your account and then you can witdraw money/BTC easily.
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LiteCoinGuy
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In Satoshi I Trust
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November 03, 2013, 11:34:33 AM |
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some years / month ago they were the number 1 exchange but then they got in trouble with some laws, regulation and banks. they are searching for other bank partners now, building a new server system (called midas) and try to work with regulators. at the moment they have withdrawal issues when you try to get your USD out. in my opinion they will "be back" soon and then better than before  . they also will accept Litecoin in the future. |
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Jasc (OP)
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November 10, 2013, 11:26:24 PM |
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some years / month ago they were the number 1 exchange but then they got in trouble with some laws, regulation and banks. they are searching for other bank partners now, building a new server system (called midas) and try to work with regulators. at the moment they have withdrawal issues when you try to get your USD out. in my opinion they will "be back" soon and then better than before . they also will accept Litecoin in the future. Thanks for the response. I tried verifying my account with them last week and it still hasn't gone through. No communication from them either. I emailed support three days ago and haven't gotten a response. Because of that, I would like to try a different online exchange. I've heard different names...coinbase, bitstamp, etc. but I don't really know which are more reputable, which have quicker withdrawal times, which are easier for a US based trader like myself to use. Any insight appreciated. |
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MaxBTC1
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November 10, 2013, 11:28:59 PM |
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Why Americans don't use btc-e is beyond me
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Gator-hex
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November 10, 2013, 11:29:17 PM
Last edit: November 11, 2013, 02:24:14 AM by Gator-hex |
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When there is a lot of interest in bitcoin they obviously get a lot of new accounts to verify (for anti-money laundering reasons) and it can take some time.
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Seanzqt
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November 10, 2013, 11:33:32 PM |
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I have no problen with MtGox!
It takes aproximately 3-4 days to verufied your account and then you can witdraw money/BTC easily.
Mt.Gox took over a week to verify mine from Australia  |
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Lauda
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Terminated.
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November 10, 2013, 11:46:34 PM |
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Don't use gox, they are having issues and you can't withdraw fiat.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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Yuki1988
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November 11, 2013, 12:20:44 AM |
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I just downloaded MultiBit and made my first wallet an hour ago and have been reading up on bitcoin. I've seen a lot of disparaging posts about MTGox. Can anyone tell me what's up with that? Should I not use their services?
If you don't mind giving away your ID, and waiting for weeks for fiat withdrawal, mtgox is okay. |
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Munny
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November 11, 2013, 12:47:15 AM |
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I just downloaded MultiBit and made my first wallet an hour ago and have been reading up on bitcoin. I've seen a lot of disparaging posts about MTGox. Can anyone tell me what's up with that? Should I not use their services?
They have been having Fiat withdrawal issues since many many months ago... so you can only buy BTC and transfer BTC... thats the main reason why the price is higher over there.... |
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Gumbork
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November 11, 2013, 01:43:24 AM |
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I just downloaded MultiBit and made my first wallet an hour ago and have been reading up on bitcoin. I've seen a lot of disparaging posts about MTGox. Can anyone tell me what's up with that? Should I not use their services?
MtGox and BFL are both scam company. Just stay away from them..... |
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mel2000
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November 11, 2013, 03:54:20 AM |
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Why Americans don't use btc-e is beyond me
BTC-e has limited funding options for American users. I tried using LiqPay but couldn't get thru their incompetence. Currently, all bitcoin brokers catering to Americans have serious shortcomings. |
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EnderHf
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November 11, 2013, 04:03:10 AM |
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Well from what I've heard they have alot of issues when you are withdrawaling USD from MtGox
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Dialoz
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November 11, 2013, 04:26:15 AM |
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I just downloaded MultiBit and made my first wallet an hour ago and have been reading up on bitcoin. I've seen a lot of disparaging posts about MTGox. Can anyone tell me what's up with that? Should I not use their services?
MtGox and BFL are both scam company. Just stay away from them..... I don't think that comparison is fair. MT.Gox is just having some issues with the rapid growth and the fact that more than 6mill USD is frozen by banks and so on. |
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Lauda
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Activity: 2674
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Terminated.
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November 11, 2013, 02:10:28 PM |
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I have no problen with MtGox!
It takes aproximately 3-4 days to verufied your account and then you can witdraw money/BTC easily.
No you can't withdraw fiat. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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CrypticBits
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November 11, 2013, 02:11:59 PM |
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Mtgox has their problems from time to time but in general, they can be trusted and they will fix their problems in time.
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jzcjca00
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November 11, 2013, 02:32:18 PM |
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I requested a $1,000 withdrawal from Mt.Gox on 9/30/2013. It sat for almost six weeks with no action. I gave up and canceled the withdrawal request on 11/08/2013. Now I'm forced to exchange back to bitcoins at highly inflated prices and withdraw the bitcoins.
Mt.Gox is fine if you're just day trading, converting back and forth between fiat and bitcoin. However, if you're buying bitcoins, you get less for the money there, since they consistently trade at higher prices. If you're selling, you cannot get the cash out, so that's not really an option. So this is an overpriced, one-way exchange.
I also wonder about the long-term viability of a company that can't find a U.S. banking partner because they don't have the licenses required to provide financial services to U.S. customers. The U.S. government has already seized $5 million and closed at least 2 U.S. accounts. How long before they find some way to shut them down completely?
It's risky to do business with a company that's fighting with the U.S. government.
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Tips much appreciated! 1PPJHDawPvjh6MEzsvXrMYLgpLmyAaNXUc
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Eternity
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November 11, 2013, 02:33:01 PM |
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There are no known issues
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snowman1
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November 11, 2013, 02:50:35 PM |
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Bad:
Their price is higher than elsewhere
The customer service/communication is quite poor
USD withdrawals are taking 3 months +
They have had some delays at times with BTC withdrawals
Good:
They have been around for a long time
They have a publicly known CEO who is available to chat on IRC
They have strong volume
They have fairly quick withdrawals for EURO/Yen
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