Few of you might have noticed I'm dabbling in bitcoins - had read a lot but had no hands-on experience, so I've done a few private trades on here now swapping silver for bitcoin. I'm not using a personal wallet - but the services of an exchange named Asia Nexgen based in Hong Kong. I've mentioned this exchange briefly in passing previously on the forum. One of my former colleagues from IT days is now living in HK and is the architect behind it (I have no pecuniary interests in the business). They've just received their Money Service Operators Licence in Hong Kong - making them perhaps one of the most legitimate bitcoin exchanges in the world from a regulatory compliance perspective (i.e. not trading "under the radar"). They operate totally outside of any US jurisdiction with a HK bank for remitting funds, offer trading in CNY, HKD and USD, a multi-lingual interface, and from a privacy perspective, require photo ID for AML/KYC before you can withdraw fiat - but you can deposit and withdraw BTC (or is it XBT?), and trade with currency in your account arising from sales, without undergoing KYC procedures. As a new entrant they are a bit light on volume at times, but with BTC trading there usually at a discount to Mt.Gox, and fairly straightforward funding options, they might be a cheaper option for buying bitcoins than Mt.Gox. Transaction fees are only 0.15% (that's point one five), compared to 0.6% at Mt.Gox. I've successfully funded my account there using http://www.ozforex.com.au. The last few days there's been a buyer regularly entering the market placing $20k USD buy orders, today they've turned over about 437 BTC at time of posting, which is the highest volume I've seen on there (they are new) - that's still over 10% of BTC-E today, so not too shabby for a 2 month old exchange. Anyway giving them a plug: https://anx.hk
I booked a USD payment through an existing Ozforex account I held - ANX don't require KYC to receive fiat, just to withdraw (which I have not done yet, but apparently is processed daily).
ANX have rebranded and relaunched their website, now at anxbtc.com. Now supporting trade in AUD - unlike MtGox however, the same trade is available to be executed in any supported currency - so if you are selling in AUD, someone using USD can buy and you receive AUD, as they will auto-convert the currencies at trade time seamlessly, you can trade in relative ignorance of which currencies the matched trade is executed in, you just see AUD from your perspective. Means that you're not penalised with a smaller market because you're using a less common currency on the platform. Still only BTC though, no LTC or other alt currencies.
I tried registering on Asia Nexgen a little while ago - but they didn't accept my id But it looks like a snazzy exchange to be on
How will the currency conversion rates work? This could potentially make international bank transfers, abit more tolerable if you can send AUD, then not get owned on exchange rates
ANX appear to have dropped support for CNY because of the Chinese issues - but I'm currently participating in a beta that surpasses BTC-e for trading pair variety
anxpro.com - this is in beta, but saw they have a registration link on there. BTC, LTC, PPC and NMC trading in 10 currencies including AUD, with all combinations provided.
GP, what are the trading fees at anxbtc.com ? At BTC-e they are currently 0.02% per trade. thanks in advance, LoB
0.1% on the pro platform at the moment. Literally opened today. Think I executed the first LTC transaction on there just to make the 0 volume go away.
Is pro going to be separate just during the beta phase? account verification and sending of funds to another account would be annoying....
