Mt. Gox stopping with OKPay wire transfers

No more wire transfers through OKPay

Today Mt. Gox confirmed that they are stopping with wire transfers through OKPay. Withdrawals will stay available for some time but only to the amount that was deposited, deposits should stop on a shorter term.

OKPay is the second partner that stops doing business with Mt. Gox in a short time, only 2 weeks ago the american payment service Dwolla was no longer allowed to make payments to U.S. accounts. The court order was issued by the Department of Homeland Security. It is unclear why the court order was issued.

Mt. Gox is currently the largest Bitcoin exchange but many alternatives are available.

Still many alternatives available

There are still many alternatives available like direct bank transfers and the payment service AurumXchange which currently offers the following payment methods:


  • Liberty Reserve (Instant funding – NO FEE)
  • PerfectMoney (INSTANT funding – 1% FEE)
  • Pecunix (INSTANT funding – NO FEE)
  • HD-Money (INSTANT funding – NO FEE)
  • VouchX Vouchers (INSTANT funding – NO FEE)
  • CosmicPay (INSTANT funding – NO FEE)
  • C-Gold (INSTANT funding – 5% FEE)
  • SolidTrustPay (WITHIN 1 to 2 business days – 8% FEE)

Banking and other payment methods:

  • SEPA Euro transfers (WITHIN 1 business day – NO FEE)
  • International Wire Transfer in USD (WITHIN 1 to 2 business days – NO FEE)
  • Wire Transfer in GBP (WITHIN 1 to 2 business days – NO FEE)
  • CASH deposit at 10,000 locations in the USA (WITHIN 1 hour – at 3.75% fee!)

Official statement from Mt. Gox

Tokyo, Japan, May 28th, 2013 – Mt. Gox has recently been informed by OKPay, one of
our longtime partners, that they are planning to stop performing wire transfers to and from
all Bitcoin exchanges, including Mt. Gox.
OKPay is offering a solution, but in the meantime we want to make sure that Mt. Gox
customers and the Bitcoin community are well-informed about this development. While
we are not completely clear about the dates of the transition, we would like to make a
couple of points clear:
  • We will soon stop accepting deposits via OKPay. This may take up to a couple of weeks, but it will happen eventually. 
  • Withdrawals to OKPay accounts will not be cut immediately, but will only be allowed up to the amount that OKPay users have deposited into Mt. Gox via OKPay. Beyond that amount there are other methods of withdrawal available. 
Mt. Gox wishes the best to OKPay, and we look forward to working together more closely
in the future. The Bitcoin economy is going through many changes recently, and we are
positive that they will ultimately work themselves out in the best interests of the
community and the World.
Source: Mt. Gox

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