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Author Topic: MTGox Yen Withdrawal Thread. For Japan Residents.  (Read 11718 times)
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dolsome (OP)
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January 23, 2014, 05:59:05 AM
 #1

All,

There appears to be more of us active in Japan.   Seeing that we are supposed to be in a good position for withdrawals.   I thought it might be a good idea to separate our experiences from the main long winded thread.

I've chosen to self moderate this thread as I'd like to keep it clean and on topic.   No need to discuss the ojisan on the train this morning, or the issues your having with the JP MIL.

Given the worrying queue that appears to be growing, I'll start it off.

I have a withdrawal from early Jan that I've not received.   If this thread works out well to give us insight into the current queue, it might also work well for future so we can see how long our withdrawals are taking in general for planning our arbitrage activities.  

Thanks,
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dolsome (OP)
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January 23, 2014, 06:13:05 AM
 #2

reserved...
ytao23
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January 23, 2014, 12:44:18 PM
 #3

I am not understanding why there is still huge price premium in Mtgox, if anyone can withdraw yen there for 2 or 3 weeks.
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January 26, 2014, 01:24:09 PM
 #4

Ive recently been verified and now waiting for jp bank validation (its been 3 days or so). How long has this been taking in the past? please update on current jpy withdrawal times. seems like theyve been getting longer?? Undecided
btcinmypocket
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January 27, 2014, 03:09:13 AM
 #5

Since information from gox is a bit fuzzy at the moment, it would be useful to hear from JPY folks who are successfully withdrawing.  I don't really have any evidence that even the stated 15 day delay is real.  For all I know, it is fully stalled.  Knowing the contrary would be helpful, though I suppose any positive anonymous responses are just as trustworthy as what support is stating.
nekojita
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January 27, 2014, 09:56:21 AM
 #6

I just posted on the main thread; but agree a Japan specific thread is an awesome idea.  I have 3 withdrawals that have not been processed starting from 1/6 - 1/9
nekojita
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January 27, 2014, 10:03:14 AM
 #7

I just received some more info - looks like they are working on the queue and I'm sure the team is stressed:

[18:53] <nekojita> Hi, I've heard Japan domestic Yen withdrawals are backlogged and being processed in order; my withdrawal was on 1/6 and I'm wondering if orders on this date will likely be processed this week? Thanks!
[18:59] <dizko> nekojita: domestic or sepa?
[18:59] <nekojita> dizko: domestic (japanese)
[18:59] <dizko> they're somewhere between 1/5 and 1/6
[18:59] <dizko> assuming they're truely being done in order
[19:00] <dizko> i had a 1/5 processed on thursday, and 1/6 still confirmed but unprocessed
Hawker
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January 27, 2014, 12:23:11 PM
 #8

I just received some more info - looks like they are working on the queue and I'm sure the team is stressed:

[18:53] <nekojita> Hi, I've heard Japan domestic Yen withdrawals are backlogged and being processed in order; my withdrawal was on 1/6 and I'm wondering if orders on this date will likely be processed this week? Thanks!
[18:59] <dizko> nekojita: domestic or sepa?
[18:59] <nekojita> dizko: domestic (japanese)
[18:59] <dizko> they're somewhere between 1/5 and 1/6
[18:59] <dizko> assuming they're truely being done in order
[19:00] <dizko> i had a 1/5 processed on thursday, and 1/6 still confirmed but unprocessed

I am owed a seven figure sum and thinking of moving my residence to Japan to be able to collect it.  As you can imagine, your thread is very interesting.

Who is dizko in this chat?  
severance26
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January 27, 2014, 01:26:54 PM
 #9

I am a Japan resident. Posted a withdrawal on the 5th of January, was in my account 9 business days later.

You can find me in the epic bitching thread saying as much.
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January 27, 2014, 08:29:30 PM
 #10

I am owed a seven figure sum...
In BTC, JPY, or USD?
severance26
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January 28, 2014, 11:19:28 AM
 #11

i have seen a couple posts mentioning which 'day' mtgox is working on for withdrawals.

WOULD LOVE TO KNOW WHERE YOU GOT THIS INFORMATION
bakada
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January 29, 2014, 02:12:04 AM
Last edit: March 10, 2014, 06:32:26 PM by bakada
 #12

..
empoweoqwj
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January 29, 2014, 05:38:06 AM
 #13

But the Gox FAQ says "same day for Japanese bank account"? Wink
bakada
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January 29, 2014, 06:50:20 AM
Last edit: March 10, 2014, 06:32:39 PM by bakada
 #14

..
empoweoqwj
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January 29, 2014, 09:44:28 AM
 #15

But the Gox FAQ says "same day for Japanese bank account"? Wink

They say thats for same day deposit Smiley, supposed to be next day processing for withdrawal if done by 4pm of the previous business day.

Yeah, just making the point their FAQ is full of CRAP.
airmax83
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January 30, 2014, 12:42:24 PM
 #16

Got bank account validated (4/5 days)
Now trying a withdraw. Will update when clears
bakada
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January 30, 2014, 02:42:26 PM
Last edit: March 10, 2014, 06:33:03 PM by bakada
 #17

..
sarahb
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January 30, 2014, 03:36:16 PM
 #18

I had a withdrawal on 1/5 processed on 1/15, and one on 1/9 processed on 1/23.  The amounts were pretty small for each withdrawal though.  What is the largest withdrawal someone has made through mtgox?  I am a little worried whether it is safe to push larger amounts through if the delay is going to take this long.
empoweoqwj
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January 31, 2014, 06:14:17 AM
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I had a withdrawal on 1/5 processed on 1/15, and one on 1/9 processed on 1/23.  The amounts were pretty small for each withdrawal though.  What is the largest withdrawal someone has made through mtgox?  I am a little worried whether it is safe to push larger amounts through if the delay is going to take this long.

Good question, because whether BTC or fiat, there seems to be a theme running at Gox of processing small amounts much quicker than large amounts. Interesting to hear the replies ...
bakada
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February 01, 2014, 04:49:02 AM
Last edit: March 10, 2014, 12:44:52 PM by bakada
 #20

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