First of all there appears to be a slight difference between a 'btc exchange' and a 'btc retailer' ... For example, I'd classify Getbitcoin.com.au as a btc retailer because you buy/sell directly from/to them. Whereas a btc exchange is kinda like a forex market/exchange and simply brings buyers and sellers together who then trade with each other, and the exchange shaves off a piece of each trade - calling it 'commission'. Examples of BTC Exchanges are ...?? I just dont know!! So i thought i'd put it out there for all you btc experts to fill in which of these sites belongs where? filler.coinjar.com anx.hk mtgox.com btcmarkets.net Getbitcoin.com.au BTC-e Where do they fit in? BTC Retailer? or BTC Exchange?
What is Getbitcoin.com.au then? I noticed that one cannot trade btc's with anybody else on their site ... or is this incorrect?
I have no experience with them - nor any other btc 'exchange' for that matter. But having a look at their site made me realise that if you bought btc's from them it would literally be FROM THEM! no other sellers to choose from ... hence why i'm saying its more like a retailer or a reseller - whatever you may want to call it. it's not like how i imagined an 'exchange' to be where there are many buyers and sellers logged on to the site and each may have one of more purchase/sell bids in at the same time... I would imagine that MtGox is one of these kinds of exchanges?? I just dont know - hence why i've put the questions out there for those who know these exchanges to answer... It's kinda like the more i learn the more i realise the less i know!!!
Front page of www.mtgox.com says: Trade with confidence on the world's largest Bitcoin exchange! Mt.Gox is the world's most established Bitcoin exchange. You can quickly and securely trade bitcoins with other people around the world with your local currency! Register an account with them, it's free and only take seconds. Darn.... I need commission from them for this advertisement.
+ 100 Now maybe as a next step we can add another layer of information to each of these sites, one at a time, eg CashIn methods incl currency (eg USD only or AUD only or both) CashOut methods incl currency CashIn Fees CashOut Fees Sell Fees (btc -> fiat) Buy Fees (fiat -> btc) Swap Fees (btc -> ltc, ltc->btc) ID requirements I know this is my biggest problem is not knowing this vital information, without which it is very difficult indeed to decide who to use etc.. Come on guys - let's help each other out here and add a layer of information to this from your experience
R filler.coinjar.com E anx.hk E mtgox.com E btcmarkets.net (I think?) R Getbitcoin.com.au E BTC-e * ALL transactions on BTC-e cost 0.2% commission, so that applies then for buy, sell and swap * btcmarket.net accepts cash in through POLI (very fast)
It's very expensive, wait for the bubble to pop. Or it may go higher you never know. The media-generated attention sparked this TBC-LTC craze. This Sunday a LTC cost 4 $, but it doubled!
Hi First post with this forum. And am also trying to work out how to arb BTC, given huge discrepancies between exchanges. However".......getting AUD into BTC is a challenge. Read elsewhere about forex account t/f to nexgen but they flat refused.. Will follow up other suggestions here and let you know how I get on. Main area for me is China (where I live) and hope to capitalize on USD CNY discrepancy. Or get ripped off. One of the two!
Ozforex refused to process a transfer to Asia Nexgen? Did you attempt to make a transfer, or just enquired about it?
This looks like a very recent addition to their FAQ, down at the bottom: Disappointing. ANX are a Money Services Operator (MSO) licensed exchange with strong KYC. There's no valid reason for OzForex to adopt this policy other than restricting access to a perceived competitive threat to forex services.
lol! The hurdles being thrown up by the establishment are considerable and it just proves to me that they are really worried about the crypto currencies. Of course it does not surprise me that certain Australian companies are leading the charge in making practical access to crypto exchanges via fiat in/out as difficult or impossible as they possibly can. Ozzie Ozzie Ozzie Oi Oi Oi!!!! - always ahead of the pack to stifle freedom of choice and facilitate government control :lol:
Might have something to do with this: http://forums.silverstackers.com/topic-47666-147-million-btc-transfer.html
So not sure which way best to get cash into Asian bt exchanges. Buying through retail offers poor rate, large percentage (4.6), or both. Anyone got any suggestions. I'm currently trying to set up tenpay which might allow it. http://global.tenpay.com
