can someone from rmbtb discuss ur future plans? I really love ur platform. it's not only a great alternative to btchina, but also one of the best exchanges in the global community.
as I prepare to ramp up my own exchange activities I'm extremely nervous about the future of bitcoin in China.
specifically, what happens when cny can't flow in and out? what services could u then provide?
Topic: [ANN] RMBTB.com: New China Bitcoin exchange (Read 8817 times)
exchanged volume is just 4 bitcoins 
Spread between bid/ask now it's too big to trade
BTC's value will fall back to the old days, asic miners will be become unprofitable, people will have to get jobs
...
I was meaning about rmbtb, not the bitcoin
zhifubao withdrawal was essential....
Is this true?
http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/
What will happen?
http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/
What will happen?
BTC's value will fall back to the old days, asic miners will be become unprofitable, people will have to get jobs
Shoot, no more zhifubao
It was perfect...
It was perfect...
Is this true?
http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/
What will happen?
http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/
What will happen?
It's a very nice website! 
Is this exchange a registered company somewhere? Many are registered in HK these days. Can you provide any info on this?
How do i open an account with any bank in china?
BOC, CMB, ABC, CCB or ICBC?
Its so anoying because everything is in chinese, i cant even register an account with alipay its a confusion
BOC, CMB, ABC, CCB or ICBC?
Its so anoying because everything is in chinese, i cant even register an account with alipay its a confusion
How long do SWIFT transfers to Poland take?
Do you support SEPA transfers?
Do you support SEPA transfers?
Hi! They are international wire transfers... but the fee is minimal. Depending on the size, it takes approx. a week. Right now the web front-end only supports Chinese online payment methods, for compliance purposes, but we can provide the relevant info by e-mail.
How long do SWIFT transfers to Poland take?
Do you support SEPA transfers?
Do you support SEPA transfers?
A few new changes.
The Secure API is up and running... Lots of details here: https://www.rmbtb.com/help-secureapi-en/
And we have a new ticker:
More changes in the works too...
The Secure API is up and running... Lots of details here: https://www.rmbtb.com/help-secureapi-en/
And we have a new ticker:
More changes in the works too...
Everything on your site is looking good too, can't wait to start making some money.
Thanks :-) Doing the last unit tests and translating the documentation -- should be ready soon!
I think you need to edit the title and thread if the giveaway is over now. Just strikethrough it, but mention the 2BTC treasure hunt instead. Looking good by the way. An affiliate program going to be integrated at all?
Thanks! Will do. We've got treasure hunt posts in the Chinese forum.. didn't post them here as some of the clues required Chinese.
A referral progam is on the todo list -- a few other things to clean up first.
The main issue we've had with giveaways is how to differentiate real accounts from dead ones -- so in the previous giveaway, we set deposit requirements. People didn't seem so keen on that though. Perhaps something based on volume commission would work better.
Everything on your site is looking good too, can't wait to start making some money.
I think you need to edit the title and thread if the giveaway is over now. Just strikethrough it, but mention the 2BTC treasure hunt instead. Looking good by the way. An affiliate program going to be integrated at all?
Hoping some others will chime in... if you want others' opinions, you can ignore me.
Obviously, I think we're better ;-) Our top priority is security and ease of use (I think some of the other exchanges in China are not secure). Our volume and depth is still low. We're working on that.
We've launched a few new features recently. For example, a notifications centre; you can receive emails or SMS when key actions take place on your account (e.g. get informed when someone logs in, or when a trade goes through).
We're also about to launch a full trading API, which should be mostly compatible with Mt. Gox, but with better security than other competitor trade APIs:
- API secrets are IP locked and automatically rotated every 2 hours (mitigates risk of storing symmetric secrets in the database)
- you can specify access and trade limits for each API key you create
- you can specify IP whitelists for each API key you create
We're offering a split fee -- trades via the API will be 50% off.
Documentation etc. coming soon.
Obviously, I think we're better ;-) Our top priority is security and ease of use (I think some of the other exchanges in China are not secure). Our volume and depth is still low. We're working on that.
We've launched a few new features recently. For example, a notifications centre; you can receive emails or SMS when key actions take place on your account (e.g. get informed when someone logs in, or when a trade goes through).
We're also about to launch a full trading API, which should be mostly compatible with Mt. Gox, but with better security than other competitor trade APIs:
- API secrets are IP locked and automatically rotated every 2 hours (mitigates risk of storing symmetric secrets in the database)
- you can specify access and trade limits for each API key you create
- you can specify IP whitelists for each API key you create
We're offering a split fee -- trades via the API will be 50% off.
Documentation etc. coming soon.
HOWS THIS COMPARE TO BTCCHINA.COM ANYONE?
That would forbid reducing the spread. I think that's the opposite of what you want.
Yes, there is an edge case with partial fills which would leave a limit order between Bid->Ask. Scratch that idea.
Still though, giving a rebate for limit orders which sit on the book for long enough ought to encourage liquidity.
It's a nice idea though but would need to be applied in a different way (there's no way to distinguish between order types until they are executed anyway, which happens asynchronously).
Orders that execute against the order book take liquidity; orders that enter the order book add liquidity. That implies that you charge the fee when the order executes.
yes, the fee is charged at execution time; but don't users expect to be informed of the fee rate at order time? Perhaps "the fee is 0.3% but could be cheaper" isn't so bad...?
Exactly. No-one complains if the fee is unexpectedly lower. If you really want to encourage people to leave orders up you give a negative fee by rebating the market maker some of the liquidity taker's fee. This would severely cut your initial fee income, but an exchange that does this would soon have the smallest spreads and become the "go to" place for traders. Or you can provide this benefit to only a few market makers with whom you have deals.
There is always some compromise between making money in the short term and growing the exchange.
BTW your username is kind of unfortunate if you want to be trusted.
Jump to: