Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
sturle
on 08/10/2013, 09:50:31 UTC
Mt Gox has redeemed itself in my eyes. I waited 3 months for an earlier regular swift withdrawal. Cancelled it and requested expedited 5% fee withdrawal instead. Today, about 2 weeks later, just like they promised, he money hit my account. 5 figure USD amount
Wow, "expedited" or "emergency" 5% withdrawal that takes between 2 weeks and 4 weeks to clear... So much for the "emergency" Cheesy
Like promised.  The emergency withdrawal option is very limited.  There is probably a queue on that one as well now.

Quote
Honestly, I still think what I wrote weeks ago: the 5% fee is just a desperate attempt to make some extra money to cover Gox's losses. The BS about "the traditional banking system" not able to keep up with their volume is UTTER BS, guys I hope you know what Occam's Razor indicates here: Gox is doing fractional reserve with customers money, they have a huge $10M hole and they are struggling to cover it, and that's the only reason of the huge delays in withdrawals.
Your mouth is big, your documentation non-existing, you are making up holes, and you fail to explain anything in a way that makes sense.