Author

Topic: bitcoin-24 (Read 705 times)

full member
Activity: 168
Merit: 100
May 02, 2014, 10:17:43 AM
#9
How do I send EUR to bitcoin-24 ?

Using the "Deposit" section of the site? Roll Eyes

However, it seems this requires verifying your account.
newbie
Activity: 52
Merit: 0
May 02, 2014, 09:52:26 AM
#8
How do I send EUR to bitcoin-24 ?

thanks :}
full member
Activity: 168
Merit: 100
May 02, 2014, 08:58:22 AM
#7
I was a customer of Bitcoin-24 about this time last year, when it was the top exchange for trading EURs (Mt.Gox was nowhere near their volume at the time).

There was no bankrupt of collapse, the problem there was very poor programming, which caused some bugs which where exploited to siphon money out of the system; when the owner discovered this, he closed down the site and some serious legal troubles began; he actually was the stereotypical kid in a basement, with no real programming or financial expertise, and got trapped in something much bigger than him. Sort of like a Karpeles with good intentions and less ego, but still a total amateur which shouldn't have ever got near other people's money.

For reference, he was posting questions like these on a famous programming Q&A site, while the Exchange had already been up and running for months:

http://stackoverflow.com/questions/15026825/php-mysql-how-to-prevent-two-requests-update
http://stackoverflow.com/questions/15165559/how-to-round-amounts-correct-update-1

Yes, you read it correctly. He didn't even know the basics about database transactions and rounding errors.

I personally had only sent them 100 EUR and got them back after a few weeks, but I don't think everyone actually got everything back; I don't know if there were legal actions, and what their outcome was.



Now it looks like everything is different, only the company name was not changed; the new company is UK-based, and is managed by completely different people: https://bitcoin-24.com/about. My old login doesn't work anymore and I was able to register again using the same email address and username, thus it's very likely they discarded the previous user database and started from scratch.

And yet, the site still looks quite amateurish. It's full of spelling errors, it has various layout problems, the automated login notification emails report a wrong IP adddress... and the "forgot your password" link on the login page doesn't even work!

They don't really seem any better than before.
full member
Activity: 265
Merit: 100
May 02, 2014, 05:24:50 AM
#6
@renee25 When the platform was closed I could still withdraw my coins. I don't know if people getting their fiat money back. The company (GmbH) was not bankrupt, people traded like hell till the infrastructure collapsed.

hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
May 01, 2014, 08:31:28 PM
#5
Could be good news but much more information is needed in this thread before I'd make a judgement call.
member
Activity: 80
Merit: 12
May 01, 2014, 07:32:51 PM
#4
what happened to previous creditors?
it thought this site went bankrupt after the trading engine broke ...
full member
Activity: 265
Merit: 100
May 01, 2014, 05:48:30 AM
#3
Bitcoin-24 was one of the best trading platform before it was closed.
You could instantly deposit Euros through "Sofort Überweisung"
without verification, and start trading. Yes - that was a realy nice
platform.

Q1 - Looks like the platform is still under construction
Q2 - I think the fees will be everywere the same.
legendary
Activity: 938
Merit: 1000
May 01, 2014, 02:20:32 AM
#2
Is this service is international and available worldwide to sell/buy bitcoins? Also do the fees vary depending where do you live?
full member
Activity: 265
Merit: 100
May 01, 2014, 01:14:10 AM
#1
Look's like bitcoin-24 is coming back.
https://bitcoin-24.com/
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