Bitstamp - Bitcoin Withdrawal not processing in time. I have a pending withdrawal since 12 hours on bitstamp. Usually they are between instant and 1 hour. One year ago, was the first time I bought R$ (US$ ) in Bitcoin when 1 BTC = US$ Today the value is US$ So, I expected that those R$ would be at R$ , but I. Bitstamp Bitcoin withdrawal limit: My results after 7 months - Proof & facts All consumers should bitstamp Bitcoin withdrawal limit give a chance, clearly. That Variety of highly effective Means how bitstamp Bitcoin withdrawal limit is Annoyingly often merely temporarily on the market, because the circumstance, that Natural to this extent. Jul 17, · As the platform has been in operation since , it is one of the most long-standing exchanges in the Bitcoin trading scene. At the time of writing, Bitstamp averages a .
Bitcoin withdrawal time bitstamp
The following table below shows the applicable fees:. As for deposits and withdrawals through cryptocurrencies, there is no fee involved for both deposits and withdrawals. For SEPA transactions, deposits are free whereas withdrawals are charged a fee of 0.
For bank wire transfers, the deposit will cost 0. While it is free to open an account at Bitstamp, you are required to go through the verification process before you are permitted to deposit or withdraw from a Bitstamp account. Normally the verification process will take a few days to complete. However since the meteoritic rise in the value of Bitcoin in , Bitstamp is has been experiencing an upsurge in verification requests, on average up to , accounts daily.
As such, the actual verification process may take months to complete as each account has to be verified manually. Nevertheless once verified, there are no limits imposed on the account with respect to deposited or withdrawal amounts. Having suffered hacking attempts in and in , Bitstamp now takes the security of its exchange very seriously. Support at Bitstamp like many other cryptocurrency exchanges in the industry is lacking on many fronts, First of all, you can only contact the support team through an email ticket system.
As the support team is deluged with thousands of tickets to resolve on a daily basis, it can take a while before your ticket is attended to. Although there is a UK number to call, the calls are answered by a recorded message. Nevertheless, Bitstamp does make an attempt to provide its customer with a fairly comprehensive FAQ. The information contained within the FAQ does help to provide the answers that most people need. First, you need to create an account and get it verified.
Next, make a deposit into your account. Bitstamp requires 3 network confirmations and as such, it may take up to an hour to receive all the confirmations. Apart from their weak customer support, Bitstamp is by far one of the most trusted and reliable cryptocurrency exchanges around.
The fees they charge are reasonable and the selection of altcoins is fairly decent. The fact that the exchange accepts fiat currencies is also a major draw for many people seeking to trade cryptocurrencies. But unless you have some prior experience in trading cryptocurrencies, you might find the platform a little overwhelming and confusing. Crypto Hub. Economic News. Expand Your Knowledge. Forex Brokers Filter. Trading tools. Macro Hub. Corona Virus. Stay Safe, Follow Guidance.
World 86,, Confirmed. Fetching Location Data…. Get Widget. Bitstamp Review Advertising Disclosure Advertising Disclosure. This page may not include all available products, all companies or all services. Add Your User Review. Bitstamp Review. FX Empire Editorial Board. Fees and Charges Compared to what most other exchanges are offering, the fees charged by Bitstamp are quite reasonable. I'm trying to get my coins out already for over a month now but they're denying every verification request.
There are several other valid options. For instance, they could be preparing to steal assets. That wouldn't be insolvency, it would be fraud. They could be under extreme pressure from European regulatory agencies behind the scenes and are trying to get ahead of the trouble they could otherwise face. The key, however, is that no matter why this is happening it would be best to withdraw all funds from Bitstamp immediately.
Take this as a sign of things to come, from ALL exchanges. The US govt is going to begin to put extreme pressure on them and once they throw a few in prison for not complying we are going to see the real negatives with cryptos. Even though everyone likes to say the govt has nothing to do with bitcoin, the reality is they have everything to do with bitcoin. I'm beginning to think BTC-e is the safest place to trade.
At least you know upfront you can't trust them. It's not my fault I left all my wealth on some sketchy website in another country that has had nothing but severe problems and massive security failures. This is the fault of Bitcoin! There's zero way this is my fault! Anyone with half a brain saw that train coming down the tracks a hundred miles away, and anyone who didn't probably shouldn't be trusted with the keys to their own wallet.
Just bought and withdrew coins from them yesterday, I doubt it's a solvency issue. Actually I've been using them for over a year with no issue. Go look at any thread during late Jan when people started having similar issues with Gox. It's full of posts like yours "Just bought and withdrew coins no problems".
Didn't Bitstamp, only a handful of months ago, show that it is solvent and very much in the green? I'm cautious at the moment, but not scared: Bitstamp was always way more serious. To me, this looks like some kind of automatic message triggered and Bitstamp just wants to make sure this guy doesn't lose his money to a hacker. Regarding the audit; they should work on having a transparent and verifiable system it can be done! It isn't asking to make sure he owns the bank account or is authorized to request the withdrawal, it is asking about the source of the bitcoins he deposited.
I made a withdrawal right now by a greater amount of Btc and I have not received any KYC or similar. The transaction is already finished and I have my Bitcoins in my wallet in less than an hour May be the reason of your inconveniences are derivated on the way you were logged in on Bitstamp, Proxy's, different IP's than the normal one or something like that may be can confuse Bitstamp. Or maybe if your IP is located in a specific country will have some problems depending on the laws of the country.
The problem is not getting BTC out. How did you get the BTC on the exchange? Absolutely not by sending them I withdrawn dollars as well 2 weeks ago and I never had any problem Anyway, the answer to this issue is simple, here must be easy to find someone who has just between dollars inside That could be serve as a proof to differentiate between standalone cases or a general cases They are clearly trying to over-comply due to probably an overzealous lawyer or possibly CEO is worried and pressured.
I trust the service itself, but the amount of info and the over compliance seemed a bit absurd and was increasing. If u are from Europe, switch to kraken. I use to trade on bitstamp and I think it's good but I switched to kraken since the ridiculous KYC requirements. This closes the door for me: I will move to Kraken as well. I just sent an email to bitstamp asking why these ridiculous KYC question. Wondering if I will get an answer. My guess is this guy wanted to do arbirtrage.
So kraken no use: Bitstamp was highest price. The pessimist or worrier.. My guess is alot of people sold when this person did, and consequently withdrawed to do more arbitrage, and that bitstamp cannot keep up because they are running fractional reserve like mtgox. Would be crazy if they are really running a fractional reserve..
Didn't they just have an independent audit? Good point. Some guy transferring large sums of money through an exchange got asked to provide extra KYC information.
The only logical conclusion is that the world's biggest exchange has a big hole in their balance sheet and we should probably all panic!
If an exchange decides it needs more info for customers to withdraw their money, they should let people know as soon as they change the rules and not at the time of withdrawal. Creating a funnel effect where it is easy to put your money in but hard to take it back is highly suspicious no matter who the financial entity is. Lol: Its not the only conclusion. It could also be that their bank connection is very strict when it comes to identifying people due to tight regulation by government.
I'm from Europe too. I like Kraken. In Mars, I wanted to open an account on Bistamp, Kraken, bitcoin. I sent docs a valid government issued ID, a proof of residency. Only Bitstamp refused my docs, it said " it's not enough high quality image".
I re-took image, it re-refused. So I gave up. Bitstamp is not so good. I'm happy now with Kraken and bitcoin. Yes, but the good thing is except for the volume kraken is better than bitstamp in many ways!
Super fast SEPA deposit and withdraws. Banks, payment processors, trading companies, etc all limit and scrutinize your transactions too so I'm not sure why you are surprised.
Or just lay on your back, and try to aim a piss stream in your mouth. Same result, but less humiliating. You could register and trade as much as you liked with just an email account and a bank account. I don't recall the world ending during that time. In fact I don't recall anything bad at all happening in regard to this.
It was in the news recently that LE is investigating bitcoin exchanges already. I think btc-e will fall first as they don't comply with the idiotic requirements.
I've got accounts in a few banks, but none of them has ever asked me where my money cane from. It really depends on your personal profile and amounts transferred. Paypal is trigger happy as you might already know but banks can cause headaches too. Exactly, I've had these same sort of questions from Paypal in Just answer them and you will be fine.
You were asked to prove the source of every dollar you ever used on paypal? And then provided all your employment cheques and banking statements to prove it? Also had to give them a lot of tax information. Most of the coins I bought are from an exchange which no longer exists. How exactly would you suggest I provide proof of purchase? I'm really tired of this shit I've been trading there for a few months, and so far I had to provide my id card, passport, proof of residence and answer some questions.
If this is not the end and I need to start proving that I own the coins I sell, I think I'm switching They also do it for deposits. I remember trying to sign up for stamp. When I saw that they wanted a copy of my passport I thought to my self "well then, Bitfinex it is.
If they don't allow you to withdraw a certain amount of fiat, they should not have allowed you to sell so many bitcoins.
Had they allowed you to sell BTC and then blocked the withdrawal - I think you are in a good position to sue them, especially after they'd refuse to refund your account with the original amount of the deposit. They just cannot do that; charge you with a fee for trading at their platform, and later refusing you to withdraw the funds - I'm pretty sure it's illegal and the court case would rather be easy to win.
I don't get the signed message of the wallet. Maybe they do not, either. Did they mean a dump of the wallet, signed?? Seems a guy has to plan ahead to do 'big deal coin trader' stuff. What must I have in place with your exchange to be able to do that? Probably the only way to be sure you can do large trades at a moments notice is to constantly be doing large trades already. They want him to sign a message with every address that has ever sent funds to that bit stamp deposit address, which is impossible if he transfered them directly from another exchange.
If you plan on just depositing bitcoin, doing a few trades, and withdrawing bitcoin again, do they still ask for all this? Where the coins came from should never be an issue, full stop. This is why we need robust anonymity--not to cloak nefarious activities, but to protect the fungibility, hence utility, of bitcoin. I just asked them what will me be the procedure to withdraw the usd i am premium used on their plateform withh proof of residence and passport, and the coins provides entierly of them.
I received a answer 20 minutes after my question : "Hello Fill withdrawal order If bank ask docs we ask you". I've been using Kraken lately rather than Bitstamp after they turned their verification rules up to Low volume, but extremely good features. Their verification system is also straight forward; and explicit. Is the price on Bitstamp really going down because of this post?
Are people panicking? Or am i just staring at Bitcoinity for to long and seeing ghosts? Is there any proof?? This guy uses a new account to post this. Can't this just be a troll? Actually, exchanges that make it hard to withdraw fiat typically experience a price increase because people are forced to buy bitcoin to withdraw their money. I call the whole post a fake. What the hell? I mean, what if you were using a web wallet like Coinbase, or if you were using Inputs.
Or Gox? That request is the most absurd I have heard thus so far. Good luck, if they at least let you transfer out you can move them to a different exchange and cash out. BTC-e gets so much hate around here, I hope that people will start giving it the credit it deserves. It's really been a solid quiet player for years. To be fair, it's also the exchange the hackers and SR vendors seem to be using. What Bitstamp is doing is only going to hurt them in the end. I say this as someone that does double-digit or more Bitcoin arbitrage and has for the last year or more.
This KYC stuff is getting ridiculous and reminds me of what happened at Gox. Btc-e allows direct deposit to boa? How long until funds show up into your account? I miss bitfloor direct deposits before they were shutdown. Most folks would rather follow the law and minimize the odds of their money disappearing from under them. Unfortunately, the Shrem charges are pushing legit exchanges to make life harder for their customers, and potentially preventing them from withdrawing their money, which is exactly what good exchanges should not be doing.
That makes btc-e certainly a more attractive choice, in spite of knowing nothing about who is operating the site, and having no guarantee that they won't disappear tomorrow. Fellahs, the writing is now on the wall, just like on Gox. We know how that ended. This is a worrying sign, I hope this does not represent a wave of mainstream push-back due to Bitcoin's increasing popularity and viability. As Bitcoin grows we are bound to experience defensive measures by the current financial system to stem the tide.
I wonder.. Also why the hell would they ask these KYC criteria after you deposit rather then when you withdraw. Ironically this is one of the whole points in bitcoin that eventually you will be in complete control, but that only happens once fiat is made redundant, I say give it at least a decade.
This "KYC" policy is starting to pop up all over the place in the past few years. Not only for bitcoin but where other financial transactions and commodities are purchased.
Its also happening internationally. My best guess is that global government have legislated this. I'll bet they say its to "fight terrorists". Its not like these institutions are now doing it because they love to piss off their customers.
They're forced to do it. Talk about 'marketing' Know your customer Sounds pretty nice! Obviously under pressure from law enforcement, probably to help find coins of known silk road dealer addresses or something. If you don't think Bitstamp are voluntarily doing this, then why get mad at them, they're victims of your own laws, regulations and governments. Work to change the system or leave the system if you want to do something, I don't see how getting mad at Bitstamp will help.
While that is true and all, not retaliating against Bitstamp and not getting mad about it won't get people their money back, it won't spread the word that they have these ridiculous KYC requirements in place, and it won't recoup people for their losses. So is there a way to pre-emptively address this? Let's say I know I will withdraw into fiat currency in, say, 6 months.
Or is it good practice to do a "test" withdrawl every few months. This is extremely upsetting. I certainly don't have transaction volumes larger than 5 BTC but I feel like this is only the beginning. Invoice for your mining equipment? WTF, seriously!? I bought mine with cash on Craigslist, never thought of getting an invoice I've built a coin spectrum analyser, that gives the percent contribution from each coinbase mined coin any particular coin transaction has.
Almost useless if there is mixing in a coin's history, but interesting too. I have found some coins with 'metal' percent contribution back as far as block , just in random testing.
Sorta like each block creates a colored coin, and each transaction mixes the colors of it's inputs in proportion to their amounts. Hadn't really thought of days destroyed information as emerging from the spectrum, not sure exactly what that is or what it implies. I was just curious about any particular coin's history, similar to holding a badly worn mercury dime and wondering who all had held on to it, spent it, and why.
Any server out on the internet that is holding your private keys can, potentially, be broken into and your keys and coins along with them stolen. That being said, I tend to think that there is a certain value to be placed on convenience, so I use what I consider to be a secure web wallet blockchain.
That money is for spending and tipping and etc.. I have a separate savings address where I keep all of my main holdings. Only I know where and only I have the keys to that. I think you're safe to hold money at coinbase or blockchain. But not for long term storage or savings. Keep your spending money there and use their awesome android apps to beam money around the world. Ok, but this "separate saving address", is it a paper wallet? Would you say this is a good idea for someone starting out? I have around 1BTC which is quite a lot for me at this moment, but I won't die of starvation is I lose it.