Silk Road forums
Discussion => Off topic => Topic started by: Moneymike on March 09, 2012, 06:05 am
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I am a chap from the US fairly new to this and am wondering which is safer to trust with my coins my peeps! I dont know which one to trust. Mtgox is pretty weak since i cant get on with tor. Intersango havent heard much from. Advice or help?
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I have been using both, MtGox and Intersango, I have to say on MtGox I have to wait much longer for my money to be deposited and withdrawal, Both are quite big markets (mtgox the biggest at the moment). I would say for US users Mtgox would be better, and for European users Intersango. If you don't mind the commission on international wire transfer, intersango does not require you to give any details on larger withdrawal transactions, they don't ask. The fees in both are almost the same. So I would say it only depends on how fast you want to finalize any deal, and If you mind or don't mine bank wire transfer fees, or if you want other payments method dwolla etc than only MtGox.
Too bad thou that MtGox is so big, it can steer the market, If there would be more exchanges like MtGox the price would remain more stable.
In other words both of them are trustworthy.
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The owners of MtGox are openly working with the DEA to prevent the "misuse" of Bitcoins, so just know that if you buy from them they keep detailed records. And your account may be flagged for "verification", as they call it, where you have to provide photocopies of state-issued ID. If this happens it won't matter if you already have bought Bitcoins through MtGox, you won't be able to transfer them out of your account until you provide all the ID they want.
I've heard it said that Intersango is opposed to SR, so they may just try the same kind of thing.
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The owners of MtGox are openly working with the DEA to prevent the "misuse" of Bitcoins, so just know that if you buy from them they keep detailed records. And your account may be flagged for "verification", as they call it, where you have to provide photocopies of state-issued ID. If this happens it won't matter if you already have bought Bitcoins through MtGox, you won't be able to transfer them out of your account until you provide all the ID they want.
I've heard it said that Intersango is opposed to SR, so they may just try the same kind of thing.
A few days ago I transferred some money into MtGox with the idea of purchasing some Bitcoins. This is a brand new account. The sum of money was much less than $1,000. The money never arrived so I filed with their "Help Desk." The Help Desk said that their bank placed a hold on my account until I sent them a document showing where I lived and a government issued ID. I had never used TOR to access the account and the amount of money certainly shouldn't have raised any alarms.
Makes me think they are either requiring this documentation for all new accounts or they are randomly flagging accounts. Either way it doesn't make me feel real good. I'm really tempted to tell 'em to piss off and let 'em keep the money.
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Thanks for all the info guys!
I dont know from what i hear and from what others say/rumor of MTGOX they sound like pigworking with assholes! Im trying to make a 1000 dollar transfer probably not gonna use MTGOX! Is dwolla to intersango for US people work out efficiently and semi secure?
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Thanks for all the info guys!
I dont know from what i hear and from what others say/rumor of MTGOX they sound like pigworking with assholes! Im trying to make a 1000 dollar transfer probably not gonna use MTGOX! Is dwolla to intersango for US people work out efficiently and semi secure?
My understanding is that all you have to do is use BitInstant to do the transfer from Dwolla to Intersango. I have an account with Intersango but, haven't yet had the opportunity to try it out.
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The owners of MtGox are openly working with the DEA to prevent the "misuse" of Bitcoins, so just know that if you buy from them they keep detailed records. And your account may be flagged for "verification", as they call it, where you have to provide photocopies of state-issued ID. If this happens it won't matter if you already have bought Bitcoins through MtGox, you won't be able to transfer them out of your account until you provide all the ID they want.
I've heard it said that Intersango is opposed to SR, so they may just try the same kind of thing.
A few days ago I transferred some money into MtGox with the idea of purchasing some Bitcoins. This is a brand new account. The sum of money was much less than $1,000. The money never arrived so I filed with their "Help Desk." The Help Desk said that their bank placed a hold on my account until I sent them a document showing where I lived and a government issued ID. I had never used TOR to access the account and the amount of money certainly shouldn't have raised any alarms.
Makes me think they are either requiring this documentation for all new accounts or they are randomly flagging accounts. Either way it doesn't make me feel real good. I'm really tempted to tell 'em to piss off and let 'em keep the money.
Their bank placed a hold on your account? Unlikely. It's the doing of MtGox. They're just trying to get all of their users ID'd so that they can keep the DEA happy. I wouldn't give up, especially since you have so much invested. What you're going to have to do is provide the documentation, buy your Bitcoins, and then very carefully get the Bitcoins to SR. Or you can just hope they'll go up in value and sell at a profit.
Either way, give up on MtGox.