New to Crypto? Make sure you read the things you need to know about the Crypto Market in Canada for 2019. We've put all you need in this updated post!

QuadrigaCX Withdrawal Delays: Update

Saw this on Reddit from the Quadrigacx official account:

A short while ago, one of our Canadian payment prcoessors (Billerfy), that usually handles outgoing bank wires for us indicated that a banking issue had caused a batch of wires to fail. Basically their bank decided that they would no longer work with a company that dealt with Bitcoin companies (an increasingly common issue in Canada). Due to this, it caused a delay and we had to resend a series of wires through our other payment processor, Finconnnect.

If you are waiting for a wire withdrawal, it will arrive shortly.


  • ytrottierytrottier Member
    edited February 2018
    It looks like their other payment processor may be shutdown as well now. I have a direct transfer / EFT withdrawal from 26/01/2018 that I haven't received yet. It's been 11 business days.

    Update: Quadriga replied promptly to my support ticket (in spite of today being a holiday in B.C.) saying the money will arrive tomorrow.
  • CoinGuyCoinGuy Administrator
    I have had no issue on recent withdrawals. They always take the 10 business days. We need to remain calm before jumping to conclusions.
  • The money arrived today through Finconnect. When I started the withdrawal, their advertised timeframe for this type of withdrawal was 7 days; they upped it to 10 days while it was in transit. So I don't think I'm being unfair by calling them out on taking 11 days.
Sign In or Register to comment.