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Author Topic: Question about withdrawing $ from bitstamp  (Read 1203 times)
Nolo (OP)
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November 14, 2013, 08:56:13 PM
 #1

I'm looking to sell a very large amount of BTC.  Most individuals I've spoken with are quoting me amounts such as bitstamp -7% or mtgox -10%. 

My question is, is it incredibly difficult or time consuming to just get bitstamp to transfer the $ directly to my bank?

Yes, I'd have to get verified, but I'm willing to do that. 

Does anyone have any recent experience with bitstamp doing a money transfer to a US bank? 

Charlie Kelly: I'm pleading the 5th.  The Attorney: I would advise you do that.  Charlie Kelly: I'll take that advice under cooperation, alright? Now, let's say you and I go toe-to-toe on bird law and see who comes out the victor?  The Attorney: You know, I don't think I'm going to do anything close to that and I can clearly see you know nothing about the law.
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November 14, 2013, 09:04:49 PM
 #2

I do not have any recent info, but it should take 2 business days.

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Nolo (OP)
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November 14, 2013, 09:09:31 PM
 #3

I do not have any recent info, but it should take 2 business days.

Do you know what their limit is on withdrawal and what their fees are?  I'm just missing that on their website apparently.

Charlie Kelly: I'm pleading the 5th.  The Attorney: I would advise you do that.  Charlie Kelly: I'll take that advice under cooperation, alright? Now, let's say you and I go toe-to-toe on bird law and see who comes out the victor?  The Attorney: You know, I don't think I'm going to do anything close to that and I can clearly see you know nothing about the law.
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November 14, 2013, 09:17:15 PM
 #4

https://www.bitstamp.net/faq/


Who pays the withdrawal fee?

Not regarding to withdrawal method, a fee will be displayed before executing the withdrawal and deducted from amount. SEPA withdrawals are charged with fixed 0.90€ fee once your funds are converted to EUR. Minimum amount for SEPA withdrawal is $10.00. International withdrawals are charged with 0.09% fee, minimum fee is $15.00. Minimum amount for international withdrawal is $50.00.



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Nolo (OP)
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November 14, 2013, 09:22:19 PM
 #5

https://www.bitstamp.net/faq/


Who pays the withdrawal fee?

Not regarding to withdrawal method, a fee will be displayed before executing the withdrawal and deducted from amount. SEPA withdrawals are charged with fixed 0.90€ fee once your funds are converted to EUR. Minimum amount for SEPA withdrawal is $10.00. International withdrawals are charged with 0.09% fee, minimum fee is $15.00. Minimum amount for international withdrawal is $50.00.




Thanks. 

Charlie Kelly: I'm pleading the 5th.  The Attorney: I would advise you do that.  Charlie Kelly: I'll take that advice under cooperation, alright? Now, let's say you and I go toe-to-toe on bird law and see who comes out the victor?  The Attorney: You know, I don't think I'm going to do anything close to that and I can clearly see you know nothing about the law.
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November 16, 2013, 01:12:14 PM
 #6

I've noticed that withdrawals have been taking up to 5 business days which is their limit.

There must be lots of wires going on at bitstamp for there to be such a lag. Usually it take 2-4 business days from my experience but as of recent it has been all 5 days.

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November 16, 2013, 04:39:43 PM
 #7

I haven't seen any published withdrawal limits, but it seems their site limits individual withdrawal requests to 999999.99 USD.
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November 16, 2013, 04:44:29 PM
 #8

I haven't seen any published withdrawal limits, but it seems their site limits individual withdrawal requests to 999999.99 USD.

You could split up in several transactions, if that's not sufficient! Wink

Bitcointalk member since 2013! Smiley
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November 16, 2013, 05:37:41 PM
 #9

For these amounts I also would recommend to shoot them a mail or give them a call beforehand.

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
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