I went back and forth with Mt Gox for 6 WEEKS before I got verified.  Near the end I was literally begging them to quit giving me form answers and tell me specifically why my documents were being denied.  I told them I needed the money for a down payment on a property I had under contract.  I gave them very strong advice about their crappy customer service and I would advise anyone to do business elsewhere because it will be good for bitcoin.  Mt Gox should not be rewarded for resting on their laurels.

i've wired multiple times in the morning and have had the money available that nite; like 7 hours.

MtGox =/= Bitcoin. 

See that's a lot more reasonable.  I don't know why they quote such absurd timelines, maybe just to cover their ass.  I may try a small amount wire and see if I get similar results as you. 

Who are you??

There have been reports of system glitches and user error that have been resolved.

Please point to a bitinstant scam report.

i admit i have never tried them.  once you are verified, how long does it take to buy Bitcoins thru them if you don't allow them the direct bank account access option?  and what is their fee?

Regarding fees: Just a tiny ($0.25?) ACH fee and a thin buy/sell spread compared to most other US-based services

i'm interested in hearing from someone who's actually used them.  i assume you have? 

so does it take 2-3 days?  do they only use ACH?  can one use email to initiate a tx?

Links please?



Seriously, at the risk of sounding like an ad, unless you're wanting to trade back and forth and want to get the fees as low as possible, there's no reason you shouldn't be using BitInstant. I use them, and until more local traders pop up for me, it's all I have any intention of using.

Yes, they charge close to 4% for lesser amounts. Yes, there's an additional $5 fee for their processor ZipZap if you go the cash/Walmart/Moneygram route. Yes, there are caps on the amount you can buy per transaction.

But the fact is, you get what you pay for.

If you want low, low prices, and the hassle, privacy invasion and terrible service that goes with that, then exchanges are what you want (I'm thinking specifically of the Dwolla/Mt. Gox combo... *shudder*.)

If you just want bitcoins to hold for the long-term, and you want them NOW, and without hassle, and for an IMHO reasonable fee, then BitInstant beats everything else out there. I've never had to wait more than an hour using BitInstant, I've never been subjected to "selective scamming," and the entire transaction is quite smooth and painless. Had I tried haggling my way through the exchanges for my last bitcoin purchase, I would have lost more than the fees BitInstant charges just due to the price run-up on bitcoins.

Seems like a no-brainer to me.

move to canada and start using virtex!