Withdrawal BTC from btc2ripple.com

[DrStrange]

Anyone who knows how to withdraw BTC.SnapSwap from btc2ripple.com? Their federation still works?

[culminator]

You can find instructions on how to construct federation request here:

https://forum.ripple.com/viewtopic.php?f=1&t=10713

Although federation URL mentioned there does not seem to work. So unless there is some other way I guess federation of bitcoin2ripple does not work now.

Edited November 11, 2016 by culminator

[winthan]

5 hours ago, DrStrange said:

Anyone who knows how to withdraw BTC.SnapSwap from btc2ripple.com? Their federation still works?

I have waste more than 1 bitcoin at there already, and they never respond back. Their website doesn't allow any new users to registered. Never waste XRP at their IOU. If you have account with them, please do let me how it works for withdraw. 

Edited November 11, 2016 by winthan

[culminator]

winthan, did you buy their BTC IOU recently through RCL or deposited through their site? Either way I think it is a very bad idea to use their service at this point.

Altough as it seems their service is suspended, they did not announce anywhere on their site that they are suspending their services at some point in time and currently no announcement of this either. Are they trying to scam less informed people from real BTC to worthless BTC IOU?

[winthan]

On 11/11/2016 at 8:16 PM, culminator said:

winthan, did you buy their BTC IOU recently through RCL or deposited through their site? Either way I think it is a very bad idea to use their service at this point.

Altough as it seems their service is suspended, they did not announce anywhere on their site that they are suspending their services at some point in time and currently no announcement of this either. Are they trying to scam less informed people from real BTC to worthless BTC IOU?

@culminator They just responded back to me and asking for IDs and so on. I will get back to you guys when everything is finalize with them. 

[Twarden]

I tried to use their federation api to build a withdrawal and I received this error:

Quote

ERROR

The request could not be satisfied.

CloudFront attempted to establish a connection with the origin, but either the attempt failed or the origin closed the connection. 

Generated by cloudfront (CloudFront) Request ID: 5mlXo_BXR8ZOk0UO8uBjuZMWVcbqLiSz34A2YkuYxkvXGv8Z8FqGfA==

Just to let everyone know, the instructions on the second page of this thread I wrote was meant for ripple-REST which is now deprecated/not supported, so I suggest running the commands that require rippled from the command line with the json command.

@winthan Can you tell us what happened with btc2ripple?

[winthan]

9 hours ago, Twarden said:

I tried to use their federation api to build a withdrawal and I received this error:

Just to let everyone know, the instructions on the second page of this thread I wrote was meant for ripple-REST which is now deprecated/not supported, so I suggest running the commands that require rippled from the command line with the json command.

@winthan Can you tell us what happened with btc2ripple?

 

Well, I accidently traded btc2ripple with XRP in Gatehub wallet. But later it seems that btc2ripple is the dead gateway, so I contact them for withdrawing from it. They responded in 15 days as below.

Quote

Dear customer,

According to the Terms of Service we ask you to provide the following information

* A two-side copy of your photo ID
* An explanation of the nature of your btc2ripple transactions
* An explanation of the sources of funds
* Please explain if you operate with your own funds or funds on behalf of a third part?

The explanation must be date and signed. You can contact us by replying to this email or sending a separate email to support@btc2ripple.com (ATTN: Compliance Department).

Sincerely,
Compliance Department  
btc2ripple     

 

2

Now, I am still waiting their responds after I submitted all documents they may need. 
 

[DrStrange]

On 2016. 11. 23. at 2:54 PM, winthan said:

Well, I accidently traded btc2ripple with XRP in Gatehub wallet. But later it seems that btc2ripple is the dead gateway, so I contact them for withdrawing from it. They responded in 15 days as below.

Now, I am still waiting their responds after I submitted all documents they may need. 
 

I had received same email like winthan and submitted all documents they wanted. I am also waiting for their responds. Anyway, BTC.SnapSwap was removed from ripplecharts.com

Edited November 24, 2016 by DrStrange

[winthan]

Just now, DrStrange said:

I had received same response from them like winthan and submitted all documents they wanted. I am also waiting for their responds. 

Btw... How much are you holding of IOU BTC? 

[DrStrange]

On 11/24/2016 at 3:58 PM, winthan said:

Btw... How much are you holding of IOU BTC? 

35...

[winthan]

Just now, DrStrange said:

35...

That is a lot, how did it go? 

[culminator]

@DrStrange, @winthan, Did you get your BTC from them?

[winthan]

6 hours ago, culminator said:

@DrStrange, @winthan, Did you get your BTC from them?

For me, yes I got, but my withdraw was a very low amount. 

[DrStrange]

Sent all the documents they requested and Waiting for their response...

[DrStrange]

Two months ago, I have requested withdrawal of the BTC.SnapSwap and sent all the documents they wanted which were translated into English and notarized. Today I got the message from them as below.

"As we understand from your documents, the owner of funds is a resident of Korea. Currently we do not open accounts or provide services to residents of South Korea. You can still trade your bitcoins for any other instrument on the ripple network."

But according to their Terms of Service, they do not provide services only to USA citizens from 1 July 2015. Furthermore, the BTC was deposited before the effective date of their new Terms of Service - on 9th March 2015 the BTC was deposited.

What should I do? 

I thought that I was watching historical paradigm shift of money transfer using cryptocurrency and believed in the future of cryptocurrency. I am very disappointed.