BTC-E EUR Sepa Withdraw

[AFox]

Hello,

Until now I've been using MTGox but it's now very long to withdraw funds : MtGox withdrawal delays [Gathering]

I saw that BTC-E offers EUR withdraws via SEPA.
The minimum fee is high (100€) but interesting if you want to withdraw more than 10k as the fee is only 1% after.

Did somebody already tried a EUR Sepa Withdraw on BTC-E ?
How long did it take to receive your funds ?

Thanks,
AFox

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[1714961241]

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[neo2040]

hey,

i would like to use btc-e sepa withdrawal too, does it work?

[AFox]

I finally didn't try. I don't trust that website enough (and Russians ).

[hgmichna]

I finally didn't try. I don't trust that website enough (and Russians ).

Apparently Bulgarians or Cypriots, not Russians, I believe. BTC-e is based in Bulgaria and is one of the big three non-Chinese exchanges. Their turnover is roughly as high as that of Mt.Gox or Bitstamp.

[anddam]

Bump for the topic.

I'd like to withdrawal via SEPA wire transfer but I don't see a way to set the benificiary in the withdrawal form.
There's a "withdrawal" button that may lead to another form to fill the beneficiary, but clicking it asks for the OTP provided by 2FA. This is very uncommon and I don't feel trying it.

Has anyone experienced this?
How do you set beneficiary in BTC-e's wire transfer?

[joesmoe2012]

You just put your information into the little white box there. Make sure to include all the information they ask for. The SEPA transfers coming out of btc-e usually take 1-3 days (though most of mine were next business day).

It has always been this way and I've never had any issues with it.

Good luck.

[anddam]

You just put your information into the little white box there. Make sure to include all the information they ask for.

My problem is there is no "little white box" in which I can set the beneficiary.
I see only "amount to withdrawal" and "purse", whose meaning I don't really understand.

Here's a screenshot of what I see, can you point at the "little white box" you are referring to?

https://dl.dropboxusercontent.com/u/4576782/btce_withdrawal_form-tn.jpg

[prezbo]

The fee seems excessive. Bitstamp charges a flat 9 eur fee for any sepa transfer, I believe.

[farl4web]

The fee is really high. I think it is a type-error and it should be 10,00 EUR?

[anddam]

No, it's 100 EUR confirmed by support several weeks ago.

That means that if you plan moving 10000 EUR or more you're paying 1%, if less you're paying a higher fee.
At 1000 EUR it's 10% and IMHO not worth it.

That said my question still stand: can anyone explain how to set up a wire transfer withdrawal beneficiary? I haven't heard back from support yet, it's been almost a week…

[hgmichna]

… can anyone explain how to set up a wire transfer withdrawal beneficiary? …

I'm also waiting for an answer. Perhaps you have to type all the information into that single "Purse" field. Judging by the fees, it seems they are doing this by hand anyway.

OKPAY works and currently costs 2% (apparently recently down from 3%). A €1 transfer worked within one hour, but a €7,000 transfer seems to take longer. Does anybody know whether there is some limit, above which transfers from BTC-e to OKPAY become slow?

[conspirosphere.tk]

OKPAY works and currently costs 2% (apparently recently down from 3%).

Didn't OKpay just banned any btc-related transaction? I saw yesterday a warning on their site about this.

[hgmichna]

OKPAY works and currently costs 2% (apparently recently down from 3%).

Didn't OKpay just banned any btc-related transaction? I saw yesterday a warning on their site about this.

They wrote something to that extent once in May 2013, but BTC-e explicitly offers OKPAY as one of its only four withdrawal methods.

It would be very fishy if they did that in the knowledge that it does not work. Why should they do that? It would severely harm their reputation.

Added 2013-12-13: Money arrived on OKPAY after 10 h, which is fair enough.

The big problem is, however, that you cannot use the OKPAY debit card to spend the money. You cannot even get the card, as long as you have bitcoin-derived money in your account. OKPAY shows this on their web site:

----- Quotation begins -----
Order your OKPAY Card

OKPAY Card order and further top-up can not be paid using funds received from selling or exchanging crypto-currencies.

In order to apply for OKPAY Card you need to withdraw remaining funds on your account balance and stop receiving / depositing funds from bitcoin exchange. Complete the requirements and contact support service to proceed with the card order.
----- Quotation ends -----

This means that OKPAY is useless as a direct path to spend your bitcoins through $ or €, because you can just as well wire your money somewhere else directly from BTC-e (provided you can find out how to enter the beneficiary data). You don't need OKPAY for that. OKPAY's reputation is not very good anyway.

Open questions are still:

• What happens when you first transfer your OKPAY balance to a second OKPAY account? Are they still bitcoin-tainted?
• Is there any feasible and convenient way from OKPAY through some other money exchange service? I guess though that this is too awkward and probably too expensive, as every exchanger takes his slice.
• Why does OKPAY have this strange limitation? My first guess is that MasterCard puts pressure on them. This is actually a good sign—they take bitcoin serious and fear it like the devil. 

[illdeletethis]

The fee seems excessive. Bitstamp charges a flat 9 eur fee for any sepa transfer, I believe.

not even that
0 for deposit, 90 cents for withdrawal
gox also has more reasonable fees (10pln, supposedly around 2,5€), although they could probably clear up the backlog somewhen if they changed it to 9€ and almost instantly if they set up fees like btc-e

[btsake]

Just for anyone who's Googling this.

I finally dared to try and it worked out well. I made a Euro withdrawal at September 12th (that's before the weekend) and it arrived at my bank account at September 17th. DO note that there is a minimum of 100 Euro fee on withdrawals or 1%, so that only compensates to 1% when you withdraw 10.000 Euro. Just use the template that is on the withdraw page of BTC-e, fill in the fields and post it in the text field.

[TinaK]

Just for anyone who's Googling this.

I finally dared to try and it worked out well. I made a Euro withdrawal at September 12th (that's before the weekend) and it arrived at my bank account at September 17th. DO note that there is a minimum of 100 Euro fee on withdrawals or 1%, so that only compensates to 1% when you withdraw 10.000 Euro. Just use the template that is on the withdraw page of BTC-e, fill in the fields and post it in the text field.

who is digging up mtgox's grave?