Topic: [ANN] You liked instawallet.org ? You'll love instawire.org ! - page 2. (Read 6163 times)
Do you support firstbits addresses?
From what I understand the exchange rate is set once a day, therefore the information on the page doesn't "update often". That's a pretty convenient thing, IMHO.
Still, I'd like to know what the price was at Mt.Gox. at the exact time that the exchange rate was set, so that I can compare them.
From what I understand the exchange rate is set once a day, therefore the information on the page doesn't "update often". That's a pretty convenient thing, IMHO.
I haven't tried it yet, but it looks good! So, if I use SEPA there is no fee on your side, right? What kind of price will I get compared to the latest price on Mt.Gox.? It's hard to compare since the price on your site is not updated that often.
Hi all and thanks for the positive comments !
So, to answer the couple of questions that have been raised :
Q. Why can't I see the total amount I'm buying ?
A. Because the rate is frozen at the moment your coins are in "Ready to deliver" state.
So, to answer the couple of questions that have been raised :
Q. Why can't I see the total amount I'm buying ?
A. Because the rate is frozen at the moment your coins are in "Ready to deliver" state.
Note that I was specifically addressing the page you get when your coins are "Ready to deliver" and the confirmation page that you see after your coins have been delivered.
Hi all and thanks for the positive comments !
So, to answer the couple of questions that have been raised :
Q. Why can't I see the total amount I'm buying ?
A. Because the rate is frozen at the moment your coins are in "Ready to deliver" state.
Q. Can I cancel a transaction because the rate has changed between the time I sent the money and the time the rate was frozen ?
A. Yes, absolutely.
Q. Why are you asking for an identification document ?
A. Because we need to mitigate the risk of accepting fraudulent incoming wires (in other words : wires that come from phished bank accounts)
Q. I don't like you guys being so nosy, can I cancel my transfer without providing an identification document ?
A. Yes, absolutely, we'll send the money back to the account it came from.
Q. Do you accept international wires ?
A. Yes, but our bank can charge us fees that we'll have to factor in to your sale. Only wires EUR wires coming from the SEPA zone are guaranteed to be free on our end.
So, to answer the couple of questions that have been raised :
Q. Why can't I see the total amount I'm buying ?
A. Because the rate is frozen at the moment your coins are in "Ready to deliver" state.
Q. Can I cancel a transaction because the rate has changed between the time I sent the money and the time the rate was frozen ?
A. Yes, absolutely.
Q. Why are you asking for an identification document ?
A. Because we need to mitigate the risk of accepting fraudulent incoming wires (in other words : wires that come from phished bank accounts)
Q. I don't like you guys being so nosy, can I cancel my transfer without providing an identification document ?
A. Yes, absolutely, we'll send the money back to the account it came from.
Q. Do you accept international wires ?
A. Yes, but our bank can charge us fees that we'll have to factor in to your sale. Only wires EUR wires coming from the SEPA zone are guaranteed to be free on our end.
Hi. I have been testing your service and is very quickly, how do you do (usually less than 4 hours)??
Last time, I get the "ID scan" mss.
Do you store the scans??
Is there any way to refuse the ID scan process and have my funds back? How?
And a last question. The money was received yesterday (when you had exchange rate ~ 8.4 €/BTC). If I send you the ID today, are you going to apply today exchange rate (~9.1 €/BCT)??
Thanks
Last time, I get the "ID scan" mss.
Do you store the scans??
Is there any way to refuse the ID scan process and have my funds back? How?
And a last question. The money was received yesterday (when you had exchange rate ~ 8.4 €/BTC). If I send you the ID today, are you going to apply today exchange rate (~9.1 €/BCT)??
Thanks
Just tried this service, it was fast and easy.
+1
Quote from: OneEyed
One suggestion though: when you are ready to convert the € to bitcoins, you should indicate the rate and the expected amount that will be sent. Same thing when bitcoins are delivered, the page lists the "Complete Bitcoin address", the "Bitcoin transaction ID", and the "Notification email", but not the "Amount" (which was at this type the only information that interested me :-).
+1
I'm currently testing the service, but while everything went very quickly so far (I initiated the transfer around 22:30 yesterday if I remember correctly, and it looks like you already received it 20 hours later) my purchase entered a so-called "Pending risk assessment" state. Does this phase take long? (I've been using this bank account with bitcoin-central a lot, inbound and outbound)
This lasted only a few hours, and I got my bitcoin. I really like this service!
One suggestion though: when you are ready to convert the € to bitcoins, you should indicate the rate and the expected amount that will be sent. Same thing when bitcoins are delivered, the page lists the "Complete Bitcoin address", the "Bitcoin transaction ID", and the "Notification email", but not the "Amount" (which was at this type the only information that interested me :-).
Great service!
I'm currently testing the service, but while everything went very quickly so far (I initiated the transfer around 22:30 yesterday if I remember correctly, and it looks like you already received it 20 hours later) my purchase entered a so-called "Pending risk assessment" state. Does this phase take long? (I've been using this bank account with bitcoin-central a lot, inbound and outbound)
That's not a safe assumption to make when customers are the one taking the risk, possibly with a lot of money.
Coming from you it's kind of a really weird thing to say. You do sell 1000 BTC casascius gold coins right ?Yep, mainly because those who have bought my coins likely feel they have adequate recourse against me, and if their BTC were to disappear, there is exactly one person whose ass to kick. I have helped to mitigate their risk by sharing my personal information and offering to cooperate with any reasonable steps to verify anything anybody wants.
You are welcome to disregard my input, as I don't mean it to be critical. Given the fee for a typical bankwire, I'd expect to see amounts much larger than 100€, certainly amounts worth stealing. I am simply recommending that you take steps to mitigate the risk of a MITM changing the comment field on a bankwire for his own benefit and not assuming it can never happen.
Your concern is valid but has been addressed in our risk analysis before launching the service: we have capped the maximum amount to 100 € per day per bank account.
Given the instawire sales flow seen by any given bank and the risk for the job security of a bank employee engaging in this kind of fraud, we consider the risk acceptable at this point.
That's not a safe assumption to make when customers are the one taking the risk, possibly with a lot of money.
Coming from you it's kind of a really weird thing to say. You do sell 1000 BTC casascius gold coins right ?Yep, mainly because those who have bought my coins likely feel they have adequate recourse against me, and if their BTC were to disappear, there is exactly one person whose ass to kick. I have helped to mitigate their risk by sharing my personal information and offering to cooperate with any reasonable steps to verify anything anybody wants.
You are welcome to disregard my input, as I don't mean it to be critical. Given the fee for a typical bankwire, I'd expect to see amounts much larger than 100€, certainly amounts worth stealing. I am simply recommending that you take steps to mitigate the risk of a MITM changing the comment field on a bankwire for his own benefit and not assuming it can never happen.
That's not a safe assumption to make when customers are the one taking the risk, possibly with a lot of money.
Coming from you it's kind of a really weird thing to say. You do sell 1000 BTC casascius gold coins right ? Yeah, that's what I thought.What if somebody somewhere can alter a comment without losing their job or being detected or identified? Neither of us knows for certain that's impossible.
Complaints won't do much good if you're complaining after the money has already been stolen. You use SSL when you bank or shop online, right? Even though the risk of MITM is relatively small? Even if only spending $10? You would exercise caution (especially with other people's money) for much the same reason as you would use SSL when transacting online.
Whatever man, you're the one that can potentially run away with thousands of BTC worth of private keys and your only comment on this service is that we shouldn't trust banks to properly execute transfers 100€ worth ? Complaints won't do much good if you're complaining after the money has already been stolen. You use SSL when you bank or shop online, right? Even though the risk of MITM is relatively small? Even if only spending $10? You would exercise caution (especially with other people's money) for much the same reason as you would use SSL when transacting online.
Come on ! Even in the very unlikely situation were they can alter the content of an online wire transfer, bank employees would not risk losing their job for a few BTC (each bank will only process a fraction of the traffic and it would not take long before we receive complaints). Then again, I can get struck by lightning twice tomorrow.
That's not a safe assumption to make when customers are the one taking the risk, possibly with a lot of money. What if somebody somewhere can alter a comment without losing their job or being detected or identified? Neither of us knows for certain that's impossible. Complaints won't do much good if you're complaining after the money has already been stolen. You use SSL when you bank or shop online, right? Even though the risk of MITM is relatively small? Even if only spending $10? You would exercise caution (especially with other people's money) for much the same reason as you would use SSL when transacting online.
One thing is kind of scary is that a rogue bank employee who knows about bitcoin could perform a low-tech meatspace MITM attack and insert his own address. By the time it was discovered it would be too late.
I highly doubt there is any manual intervention in transfers made from web interfaces, and even if there was, I think the risk is pretty equivalent to having your transfer maliciously re-routed to a different IBAN.Whether or not there is is highly dependent on the bank and their procedures. None of us really knows for sure, but finding out the hard way will be really expensive for somebody. I know I'm a little bit prudish, but then again, I haven't lost money with Zhou Tong, Pirate, or ever had a wallet stolen, or funds in a website that got hacked.
I sent a wire out recently and, after clearly verifying that the amount was x, it went through for 10x, and then I had to start sounding the alarm bells pointing out that somebody somewhere screwed up. So clearly, at some places, some things are done manually. In that case, the full 10x hit the recipient's bank account, and then they were able to get the destination bank to send 9x of it back. Imagine your bank wire gets manipulated by a clipboard BTC-address replacer because some step along the way involves copy and paste on a computer that caught malware. Just sayin'!
Come on ! Even in the very unlikely situation were they can alter the content of an online wire transfer, bank employees would not risk losing their job for a few BTC (each bank will only process a fraction of the traffic and it would not take long before we receive complaints). Then again, I can get struck by lightning twice tomorrow.
One thing is kind of scary is that a rogue bank employee who knows about bitcoin could perform a low-tech meatspace MITM attack and insert his own address. By the time it was discovered it would be too late.
I highly doubt there is any manual intervention in transfers made from web interfaces, and even if there was, I think the risk is pretty equivalent to having your transfer maliciously re-routed to a different IBAN.Whether or not there is is highly dependent on the bank and their procedures. None of us really knows for sure, but finding out the hard way will be really expensive for somebody. I know I'm a little bit prudish, but then again, I haven't lost money with Zhou Tong, Pirate, or ever had a wallet stolen, or funds in a website that got hacked.
I sent a wire out recently and, after clearly verifying that the amount was x, it went through for 10x, and then I had to start sounding the alarm bells pointing out that somebody somewhere screwed up. So clearly, at some places, some things are done manually. In that case, the full 10x hit the recipient's bank account, and then they were able to get the destination bank to send 9x of it back. Imagine your bank wire gets manipulated by a clipboard BTC-address replacer because some step along the way involves copy and paste on a computer that caught malware. Just sayin'!
My experience with wiring money is that the comments field is often converted to all caps. How do you deal with that?
If the address we receive is truncated, uppercased or otherwise invalid it gets corrected transparently as soon as the user checks for his transfer status by inputting his full and valid address in our interface.One thing is kind of scary is that a rogue bank employee who knows about bitcoin could perform a low-tech meatspace MITM attack and insert his own address. By the time it was discovered it would be too late.
I highly doubt there is any manual intervention in transfers made from web interfaces, and even if there was, I think the risk is pretty equivalent to having your transfer maliciously re-routed to a different IBAN. 
September 30, 2012, 08:51:20 PM
My experience with wiring money is that the comments field is often converted to all caps. How do you deal with that?
One thing is kind of scary is that a rogue bank employee who knows about bitcoin could perform a low-tech meatspace MITM attack and insert his own address. By the time it was discovered it would be too late.
One thing is kind of scary is that a rogue bank employee who knows about bitcoin could perform a low-tech meatspace MITM attack and insert his own address. By the time it was discovered it would be too late.
September 28, 2012, 02:05:17 AM
You could accept USD, but I am guessing that you would have to open a USD bank account with your bank (other currency or foreign currency account.)
September 26, 2012, 05:43:04 AM
Looking good!
Ordered 10 BTC yesterday. I somehow didn't receive the notification E-Mail, but you can check the status of pending orders by (re-)entering your BTC address on the front page. It won't place a new order, if you don't want to!
This way I was able to finalize the process and have just gotten the sixth confirmation for the transfer. And davout made a small provision.
Everybody happy!
~drekk~
Ordered 10 BTC yesterday. I somehow didn't receive the notification E-Mail, but you can check the status of pending orders by (re-)entering your BTC address on the front page. It won't place a new order, if you don't want to!
This way I was able to finalize the process and have just gotten the sixth confirmation for the transfer. And davout made a small provision.
Everybody happy!
~drekk~
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