Best exchange for EUR, NOW? Bitcoin-Central, Bitcoin.de LocalBitcoins, else?

manicminer

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Quote from: David Latapie on April 19, 2014, 06:58:21 PM

(bitstamp, despite being based in Slovenia, then in the Eurozone, operates out of the Eurozone since their account is in the UK).

Note sure if I could follow you. Did you check Bitstamp's fees? Sure their account is Unicredit Slovenia > Eurozone. At least last time I checked. Did they move their bank account to the UK? That would be new info to me. Anyways, I am not interested in Bitstamp (who knows who runs them under what policies).

Only Kraken, Bitcoin.de (now both partners with German bank Fidor? Help me in determining that) and Bitcoin-Central (French license) are interesting. So far. Or anything new coming online with similar or better credentials.

Anyways, I am glad you have the opposite opinion on Bitcoin-Central than @NLCOINER https://bitcointalksearch.org/topic/m.6279056
I hope you guys will have a fight over it.

David Latapie

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Monero Core Team

Quote from: manicminer on November 10, 2013, 06:41:44 AM

In terms of reliability, costs? In the case of LocalBitcoins both with the use and without the escrow service.

If security if a premium, bitcoin-central.com. They are the only one fully compliant with the European legislation (bitstamp, despite being based in Slovenia, then in the Eurozone, operates out of the Eurozone since their account is in the UK). Plus, transfers are free.

Now if you want a nice looking website with usability in mind and would like to trade with powerful protections against loss, use kraken with trailing stop. Their fees are bigger so if all you want is converting euros to BTC, stick with bitcoin-central.

There is also the matter of liquidity. Here, nothing beats Bitstamp. Liquidity means the price will change more often so if you buy at market price, this is useless for you. It is only interesting if you buy at a fixed price.

And of course, there is still virwox.com if you positively want to take advantage of a quick drop in price which is worth the 10% commission

So, again:

simplest, least expensive, and most secured: bitcoin-central.com (also the slowest if you don't convert on evening European time, since they operate a manual check)
simplest, least expensive, and more chance to have your BTC cheaper or more expensive: bitstamp
sophisticated and slightly more expensive: kraken
fastest and most expensive: virwox.com

Hope this helps

manicminer

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Regarding the German exchanges: both Kraken and Bitcoin.de are partners of Fidor bank (according to Google search), same EUR 100,000 deposit insurance or what?

Or all it's still like the wild-wild West, even in the EU? Confusing.

manicminer

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Quote from: NLCOINER on April 18, 2014, 04:59:47 AM

Be Careful!

Watch out with these thieves running Bitcoin-Central!

http://thebitcoinnews.co.uk/2014/04/13/bitcoin-central-net-insolvent-the-french-bitcoin-association-and-the-relation-to-mtgox/

Whole thread about their previous business where they stole A LOT of Bitcoins!

https://bitcointalksearch.org/topic/m.6278648

You have been warned, before they get "hacked" again and take your Bitcoins!

Regarding Bitcoin Central: your links are about Instawallet. Bitcoin Central is registered with the French FSA or FDIC meaning EUR 100,000 deposit insurance? I don't know; asking.

NLCOINER

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Be Careful!

Watch out with these thieves running Bitcoin-Central!

http://thebitcoinnews.co.uk/2014/04/13/bitcoin-central-net-insolvent-the-french-bitcoin-association-and-the-relation-to-mtgox/

Whole thread about their previous business where they stole A LOT of Bitcoins!

https://bitcointalksearch.org/topic/m.6278648

You have been warned, before they get "hacked" again and take your Bitcoins!

manicminer

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Quote from: GhostPlayer on April 15, 2014, 12:10:25 PM

+1 on Kraken. They're fully SEPA with Fidor Bank as partner

Fidor is partner for both Kraken and Bitcoin.de, if I am not mistaken?

GhostPlayer

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+1 on Kraken. They're fully SEPA with Fidor Bank as partner

manicminer

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Quote from: kingscrown on April 09, 2014, 06:39:55 PM

i like btc-e.com

In Bulgaria...

kingscrown

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http://fuk.io - check it out!

i like btc-e.com

Paymium_Support

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Paymium - Official support account

Quote from: hashme on April 07, 2014, 06:01:59 PM

I've got negative experience while using bitcoin-central. Such as slow support, money disappearing (small amounts of deprecated currencies ), sudden changes in the terms.

Hi hashme,

Sorry to read you've had a negative experience with Bitcoin-Central. I'd like to help. May I ask when it did happen, and could you send me your BC account # to take a look at your tickets ?
Our support team is generally pretty quick to answer tickets. We've had an unusual 48-hour delay in October/november last year, due to the price run-up and the reopening of the service, but the sign-ups / tickets queues have long been resorbed.

You can reach our support team :

By opening a ticket : https://bitcoin-central.net/page/help/tickets
By e-mail : [email protected]
On Twitter : https://twitter.com/Bitcoin_Central
On Facebook : https://www.facebook.com/bitcoincentral

Best regards,

Support team
Bitcoin-Central by Paymium

hashme

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I've got negative experience while using bitcoin-central. Such as slow support, money disappearing (small amounts of deprecated currencies ), sudden changes in the terms.

manicminer

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Quote from: Paymium_Support on April 07, 2014, 05:49:29 AM

Since Bitcoin-Central is an exchange and Bitcoin dot de is more of a marketplace, here's an idea : why not try both services and see which one fits your needs better ?

Exactly what I intended to do anyways.

Paymium_Support

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Paymium - Official support account

Quote from: manicminer on April 05, 2014, 03:58:24 AM

Now I am between Bitcoin-Central (French payment processor license) and Bitcoin.de (partner of German Fidor Bank). These two credentials are safe to me.

Please help me decide: where the spread and the fees are altogether smaller and the volume is higher from the two? Or any other newcomers with similar safe credentials come to the game?

Hi manicminer,

Thank you for your interest in Bitcoin-Central by Paymium.
Since Bitcoin-Central is an exchange and Bitcoin dot de is more of a marketplace, here's an idea : why not try both services and see which one fits your needs better ?

Feel free to contact us if you have any question regarding Bitcoin-Central.

Best regards,

Support team
Bitcoin-Central by Paymium

manicminer

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Activity: 302

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Now I am between Bitcoin-Central (French payment processor license) and Bitcoin.de (partner of German Fidor Bank). These two credentials are safe to me.

Please help me decide: where the spread and the fees are altogether smaller and the volume is higher from the two? Or any other newcomers with similar safe credentials come to the game?

manicminer

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Activity: 302

Merit: 250

Quote from: davout on November 18, 2013, 09:06:48 AM

Quote from: manicminer on November 18, 2013, 08:48:04 AM

Thanks for your feedback. If I understand correctly only Bitcoin Central has a payment processor license so my EUR funds are somewhat more safe with them (not bank-safe, though), compared to other EU exchanges?

Bitcoin-Central has a partnership with a PSP, Paymium, the company running it (and where I work) isn't a PSP itself though.
The money is kept by the PSP (not on Paymium's corporate accounts), BC just moves it around when trades happen.

The funds are safer in the way that Paymium going belly up would have no impact on the customer's funds, the accounts opened by the PSP are in the customer's name, which means that if there ever is an issue the customer has someone to turn to. The risk of having bank accounts frozen (and customer funds with them) is also non-existent compared to exchanges who use their own corporate accounts to store customer funds.

So you say Bitcoin-Central is safer than Bitcoin.de, Kraken and the like? How about volume and liquidity compared on the various European exchanges?

Sevvero

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Quote from: davout on November 18, 2013, 09:06:48 AM

Quote from: manicminer on November 18, 2013, 08:48:04 AM

Thanks for your feedback. If I understand correctly only Bitcoin Central has a payment processor license so my EUR funds are somewhat more safe with them (not bank-safe, though), compared to other EU exchanges?

Bitcoin-Central has a partnership with a PSP, Paymium, the company running it (and where I work) isn't a PSP itself though.
The money is kept by the PSP (not on Paymium's corporate accounts), BC just moves it around when trades happen.

The funds are safer in the way that Paymium going belly up would have no impact on the customer's funds, the accounts opened by the PSP are in the customer's name, which means that if there ever is an issue the customer has someone to turn to. The risk of having bank accounts frozen (and customer funds with them) is also non-existent compared to exchanges who use their own corporate accounts to store customer funds.

Wasn't aware of Paymium. Thanks!

davout

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1davout

Quote from: manicminer on November 18, 2013, 08:48:04 AM

Thanks for your feedback. If I understand correctly only Bitcoin Central has a payment processor license so my EUR funds are somewhat more safe with them (not bank-safe, though), compared to other EU exchanges?

Bitcoin-Central has a partnership with a PSP, Paymium, the company running it (and where I work) isn't a PSP itself though.
The money is kept by the PSP (not on Paymium's corporate accounts), BC just moves it around when trades happen.

The funds are safer in the way that Paymium going belly up would have no impact on the customer's funds, the accounts opened by the PSP are in the customer's name, which means that if there ever is an issue the customer has someone to turn to. The risk of having bank accounts frozen (and customer funds with them) is also non-existent compared to exchanges who use their own corporate accounts to store customer funds.

manicminer

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Activity: 302

Merit: 250

Thanks for your feedback. If I understand correctly only Bitcoin Central has a payment processor license so my EUR funds are somewhat more safe with them (not bank-safe, though), compared to other EU exchanges?

davout

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1davout

Quote from: manicminer on November 10, 2013, 06:41:44 AM

If I understand correctly, all 3 methods in the title work as intermediaries only and they basically match a buyer with a seller?

Not really

Bitcoin.de works more like a centralized version of localbitcoins, it matches a buyer with a seller, they settle the transaction among themselves with a bank wire, and when the seller receives the wire he releases the coins from escrow.

Bitcoin-Central acts as escrow for EUR and BTC, not only BTC.

Both approaches have their advantages and inconvenients.

eliale

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Perhaps you may consider to try us. We are not the biggest but we do offer a good service

www.therocktrading.com

also you may find other Euro exchanges here:

http://bitcoincharts.com/markets/currency/EUR.html

Thank you

Topic: Best exchange for EUR, NOW? Bitcoin-Central, Bitcoin.de LocalBitcoins, else? (Read 4340 times)