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Author Topic: Withdraw bitcoin from mtgox, get "$1000" error  (Read 1826 times)
yoyoceramic
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May 17, 2011, 11:43:26 PM
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Hi everyone,

I am a n00b here, so thanks for being patient.  I tried to withdraw 1BTC from my mtgox account this afternoon and I run into the error:  To comply with US regulations you are only allowed to withdraw a maximum of $1000 within a 24 hour period. Please try your withdraw tomorrow.

I am not quite sure why I would receive this message if I am withdrawing bitcoins.  I assume I am missing something here....  Thanks
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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warweed
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May 19, 2011, 05:12:01 PM
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Have you moved more the a 1000 out of mtgox into either a usd acct or into liberty reserve in the last 24 ? And if not contact mark at info@mtgox.com could be a bug
ribuck
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May 19, 2011, 08:13:03 PM
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The MtGox withdrawal limit applies equally to USD and BTC. So if you are withdrawing BTC, the maximum you can take out is $1000 worth per day (less than 200 BTC at current rates).
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June 01, 2011, 12:53:23 AM
 #4

What regulation is he complying with?

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June 01, 2011, 04:23:49 PM
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What regulation is he complying with?

U.S. anti-money-laundering, know-your-customer regulations.  Since they don't "know" him, they have to assume he is a U.S. national and subject to the regulations.  Did you want a reference to the specific U.S. federal code?

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chungenhung
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June 06, 2011, 07:13:39 PM
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yes, i for one would like to see the code.

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