Topic: BitBox New Bitcoin Exchange (Read 4169 times)

I have nothing to do with bitbox at all. I have sent money to them once to test out their platform.

Scammer!!!

Now I remember why they invented the ignore button.




Gone through yet?

When you say you placed an order, do you mean you set a limit order for a trade and you're just waiting for someone elses order to match up with it and execute? Or that you are waiting on their payment processing?

MPOE-PR, your point is correct in general, but would only be applicable here if Bitbox were providing some measurably stronger service than its competitors (the way MPEX does).

Bitbox, from the look of it, is just-another-exchange. As a liquidity provider, I'd go on their exchange if they gave me some incentive to do so. As it stands, they give me only disincentive by being the most expensive place around.

The bitcoin exchange marketplace is competitive, and only getting more so. This is going to drive fees down over the long term. IMHO bitbox isn't going to stand a chance unless they cut their fees at least a factor of two, if not more, at least for high volume traders.

Or do they offer some special sauce that I don't know about to warrant the high fees?

Yup, they are legit. My deposit by wire was confirmed in one day. I've been trading (albeit a tiny amount) over the past month with them, their exchange works well, but they have no volume yet.

Highly recommend giving it a shot.

anyone had successful transactions with these guys so far? I put a order and still waiting

Funny you say that past M4ttanderson!

For Australians (more countries to be supported). Try Coinjar.io With a 2% flat fee. Poke around and see for yourself.

I do not represent Coinjar

I'm confused what that has to do with anything?

Cheaper than free? Please, do see here, Mr. Peanut.

    0.75% taker fee for order quantities that are executed immediately
    0.60% provider fee for order quantities that are queued and later executed


Gox has 0.6%, BTCe has 0.2% and Bter is free for some coins.
Maybe you should think on make it cheaper to get customers.

gweedo:  sounds like you are perfect expert to start up an exchange ... we need more of them.

Been testing this exchange for a few small trades, everything seems to be working well.

Yeah this is shady, you just launched and already looking for funding. You obviously have no idea how that works. You need to prove your model, which looks to be nothing more than every other exchange. I think your putting the cart before the horse in this instance. Also if you do an exchange right, you really should have no need for venture capital. As your user base scales and grows this should allow your company to scale and growth right along side it. You really need to research what venture capital is and how it can help your company at certain points in your company growth. We all want to be millionaires you just can't be to greedy about it.

My account on bit box has been credited. Compared to the other 10 exchanges I work with this has been the easiest.

Same day funding and verification.

Email from bit box support

"We're working on scaling up features as is. Also, we're in the process of confirming your wire– we just need to make sure it's clearing. as you know, btc is irreversible and we have to do due diligence to protect our customers– but we're expediting this all to make sure you can do this in the next half an hour."

Verification and usd deposit same day? This could be exactly what we need.

4 figure test wire has been sent. Website says a day or two for processing but since its a domestic wire, hopefully today.

Will post here once the funds are in my account.

My account has been verified. Submitting a domestic wire request now with my bank.

Sent verification docs via email just now. Will post again when they process it (to give an idea of how long things take with this exchange)

Problem getting verified through website. Am speaking on the phone now with their support team.

Hopefully should have usd on this exchange in the next hour.

Bitcoin on money moves (Bloomberg) right now.

Okay. I'm impressed. Sending over a wire now. I already have btc on this exchange. Will update here with processing times, problems, etc.

As a new exchange security is always an issue for new users. Can you give us an idea on how secure you are? How many people built the architecture?

Lame.

I'm not even sure that posts such as that are permitted here.

What rate do you charge for trades? How about for withdraws?

With Bitfloor being gone I will say it is interesting to see a new exchange but right now I will need to see some more activity about your service.  Also only being able to do BTC or wire transfers is not a solid option compared to MtGox/Dwolla or the way Bitfloor had ING.  Get somthing that works like that and we will see. 

Nice looking site too,

Please, also get lost.

Or see here. But preferably get lost.

Spelling mistake on index:

Don't forget your allies, the Australians. 

looks like BitMe old url forwards here

Please feel free to leave your feedback here or to send it to us directly at [email protected]. We've got thick skin and we're looking to please.

Please, please also follow us on AngelList: angel.co/bitbox
We’re trying to gain a bunch of followers so we can become a trending startup which will help us raise venture capital which will help us succeed in this cause and be beneficial to the community at large.

Bitcoin emerged from necessity.

The 2008 financial crisis forced people to question and reevaluate their relationship with money and the cacophony of financial instruments built on top of it. What they found were systems that were opaque and anachronistic. The money we use today wasn’t made for the Internet.

Bitcoin is just one part of a wave of new technologies that’s changing all that. Rather than the technological extensions meant to preserve legacy technologies, Bitcoin represents a paradigm shift. The possibilities offered by these new technologies are replacing sluggish closed networks, cutting out middlemen, and empowering individuals.

BitBox is also emerging from necessity. Recent events have shown that the Bitcoin economy is simply too large for one exchange to handle, no matter how efficient and scalable its architecture may be. The existing options for exchange are woefully inadequate to handle the kind of load that will come with being a mainstream part of the global financial system. Many people simply do not have a viable option for exchange.

That’s why we’re launching a platform that empowers anyone to store, trade, and track bitcoin. We want to make bitcoin easy to get and easy to use for both merchants and consumers through seamless banking integration, secure storage, and a joyful user experience.

While we’re building a system that is secure first, our event-based asynchronous technology stack encourages scale and allows for creation of high-volume and live streaming data feeds.

We’re FinCEN compliant, based in the United States, and passionate about building architecture that facilitates and ensures the flow of value.

Join us! www.bitbox.mx

—

Kinnard
CEO, BitBox

http://blog.inbitbox.com/