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Author Topic: MtGox daily withdrawal $250 in BTC but $1000 in cash - RIDICULOUS!  (Read 2864 times)
finway
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November 19, 2011, 04:14:29 AM
 #21

Of course this limits do not apply to "Mr. Manipulator"

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November 19, 2011, 06:34:18 PM
 #22

Mark will increase your btc withdrawal limits to whatever you wish it to be.  you just have to ask him and be verified.
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November 21, 2011, 10:54:33 PM
 #23

According to some members, even jumping through the hoops won't solve the problem.
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November 22, 2011, 12:16:08 AM
 #24

bitcoin is a great idea as long as you don't run out of other people's bitcoins.   Grin

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November 22, 2011, 12:30:06 AM
 #25

I'm not saying Mt. Gox needs to update their withdrawal amount on a daily basis -- but come on!  How about whenever there's a major sea change in the price of Bitcoin? Maybe once a month?

Why not update daily? It's completely trivial to do so with a bit of code.

(BFL)^2 < 0
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November 22, 2011, 09:07:06 AM
 #26

well finally verified 7 hours ago, it took 3 days as the first scan of my passport was rejected for no good reason (banks find it fine) then multiple attempts to upload a high res photo trying different file sizes of it didn't work all day yesterday due the some MtGox glitch finally with an apology & no explanation I received an email that my account had been verified today. Incidentally a couple of days ago I couldn't even withdraw the daily limit of 100 BTC due to an erroneous error message that kept reporting an invalid address to send to when it was not, just like as in the past one needs an appreciation of farce & a strong sense of humour when dealing with the Gox

Edit to add, the utility bill that I uploaded was my land line phone/Internet bill & was accepted so I assume the person above who's wasn't may have tried to use a mobile/cell phone bill perhaps?

Node40.com is a leader in DASH hosting, dedicated exclusively to fully managed masternode hosting. Professional, organized, and responsive. I have many dozens of nodes with them.    
BTC = $c²     BTC = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc      DASH, Digital Cash = www.dash.org   
   CHARITY | MY REP | DICE
molecular
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November 22, 2011, 11:39:35 AM
 #27

It says quite a lot about the amateurism of Bitcoin that the largest (and essentially only real) exchange has such tiny withdrawal limits.  Any business that does more than $1000/day in gross sales has yet another disincentive to try out Bitcoin, since their money will be essentially held hostage by the exchange for fear of crashing the price.  And if another 30% dip in value occurs while you're trying to cash out, well, tough titties.



You can exchange as much as you like, just not withdraw. So your objection of the price taking a dip is BS.

You can surely talk to MagicalTux about raising your individual limits.

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DeathAndTaxes
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November 22, 2011, 02:27:46 PM
 #28

Details on validation snipped

So was your BTC limit raised?  If so do you mind sharing how much or what was the max limit they would allow?
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November 22, 2011, 08:01:37 PM
 #29

Details on validation snipped

So was your BTC limit raised?  If so do you mind sharing how much or what was the max limit they would allow?


Note that there are withdrawal limits. Here is the detail of your limits:

You can still withdraw up to 900.00000000 BTC provided you have enough on your account (your limit is 1,000.00000000 BTC per 24 hours )
You can still withdraw up to $10,000.00000 provided you have enough on your account (your limit is $10,000.00000 per 24 hours and $50,000.00000 per 30 days)

I haven't tried to talk with MagicalTux about raising my individual limits as molecular keeps suggesting because I don't know how or care to spend the time to find out, I communicate with & through the MtGox web site & am happy with the present limit though really don't see why there should be one at all when I use an MtGox Yubi key to log in & again secondary Yubi key long press of it to initiate a withdrawl (when I logged in just now to C&P the updated W/D limits I'm sure the random code that the Yubi generated for this that flashes past started with 'lmao...'  it's probably mocking me)

Node40.com is a leader in DASH hosting, dedicated exclusively to fully managed masternode hosting. Professional, organized, and responsive. I have many dozens of nodes with them.    
BTC = $c²     BTC = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc      DASH, Digital Cash = www.dash.org   
   CHARITY | MY REP | DICE
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