Re:Bitcoin $600
by ashray on Monday November 18, 2013 @04:02AM
(#6753392)
MtGox withdrawal issues are huge. I wouldn't downplay their issues at all. Speaking from personal experience I had a $10,000 June/July withdrawal stuck for 8 weeks. Customer service wouldn't give any timeline.
After a lot of back and forth they said I could pay a 5% fee and get my USD in 7 days. Basically a bribe for them to convert to JPY and send the transfer through..
At the time, they said withdrawals would take 2 weeks.. Now if they say 6 weeks you should pray :p
I ended up buying back some BTC (at about 10% loss due to price) and then selling later on bitstamp due to the recent price rise. Worked out okay for me but please DO NOT USE GOX FOR USD.
After a lot of back and forth they said I could pay a 5% fee and get my USD in 7 days. Basically a bribe for them to convert to JPY and send the transfer through..
At the time, they said withdrawals would take 2 weeks.. Now if they say 6 weeks you should pray :p
I ended up buying back some BTC (at about 10% loss due to price) and then selling later on bitstamp due to the recent price rise. Worked out okay for me but please DO NOT USE GOX FOR USD.