Topic: BitFloor Customer Reviews - page 2. (Read 6609 times)

Very clever koin.  Be curious to hear shtylman's response to this.

thanks to the liquidity bonus, there is a way to inexpensively transfer funds.  

create a new, second account and fund it with enough bitcoins (from an external wallet) about half a percent over the dollar amount you want to transfer.
then in your account where you have too many dollars, place a bid above whatever level anyone else is at, and above what price any bots would list at.
then hit that bid with a market sell using the secondary account.  this secondary account will now have dollar proceeds from the sale of bitcoins plus the liquidity rebate.
then from your primary account, return the bitcoins just purchased to the external wallet.

the end result is that essentially you have transferred dollars from your primary account to a secondary account.  the transfer cost is less than half a percent in total, assuming no other unwanted trades occurred.  you can then sell or trade this secondary account by itself.  (by giving the login credentials to the buyer.)

obviously, there are risks to this but this is one way of passing control of some dollars from one party to another.

Been around since Fall 2011.

How long has BitFloor been around?  The founding date or month/year is not on the about page.

If Bitpay backs it, it's gotta be good...

Not currently.

Is it possible to change one's email address?

My wishlist:

Modify Order: so we don't have to cancel and enter a new order
Account Profile: other than simply the email
Last Trade(s): on the Market Data page for those not using the API, the last 3-10 trades is fine imo.

Edit: Also more transparency

Thanks 

Just put some limit orders out there and the buyers like yourself will chip away at them. The buyers are there, they just don't always keep orders on the books.

No way to transfer user to user. We believe this falls under Money Transmitting in the USA and has other requirements that we are not yet ready to tackle (maybe one day).

I have also been loving Bitfloor.  I have used it twice now for fast (like 5 min after I email them a pic of my receipt) free, cash deposit.  And to top it off both times the coins have been cheaper than Gox's price.

I only wish there were more buyers so I could also sell some coins there and withdraw the USD from there too.

Is there anyway for Bitfloor users to transfer USD between accounts?

Do you have a Chase branch nearby?  Cash deposit.  No fee.


Unfortunately, BitFloor no longer supports the POPMoney deposit method.

 - http://en.bitcoin.it/wiki/Bitfloor#Adding_Funds

I have a US Bank checking account and my ACH withdrawls are running around 48 hours from request at bitfloor to avaliable in my checking account. 

I can't comment on ING deposits, as I'm primarily a miner/seller.  But withdrawls are awsome, and not dependant on an ING account.

(just clarifying in case someone other than me misses that all important "into" in the above quoted statement.)

Sigg

I used POPMoneyto fund my account, I was surprised my credit union has it.  $2 fee for standard (took me 4 days), $10 fee for next day but there's a $500 daily limit

Been very happy with bitfloor.

"ING Direct" bank is an internet bank and is separate from ING Bank. In fact, Capital One has purchased ING Direct and may at some point rename it. ING Direct does offer ATMs "Access your cash for FREE through the Allpoint™ network, America's largest surcharge–free ATM network, at over 35,000 ATM locations." Go to ING Direct dot com to see the requirements for opening an account.

Wish I could figure out how to get money into bitfloor though.. I don't have an ING bank anywhere close to where I live (I'd like to have a way to get cash in hand), and I'd rather not pay fees for wire. The free ACH withdrawal is nice though; i'm assuming ach is what dwolla uses to get money from them into your own personal bank.

I am just a customer of BitFloor. I do not have any vested interest in BitFloor. If other exchanges had these 2 major characteristics:
1) a net rebate commission structure for adding liquidity to the order book
2) ways to transfer USD to/from my checking account at an American bank that are convenient, safe, cheap and relatively quick

then I'd use them and promote them as well, perhaps more than BitFloor if I thought they were better. If it appears that I'm a BitFloor fanboy (and currently I am), it's only because they are the only BTC/USD exchange that currently has both of these 2 major characteristics. None of the other top 8 BTC/USD exchanges, see the market page at bitcoincharts dot com for a list of BTC exchanges, offer a net rebate for adding liquidity to the order book. Depending on your style of trading and how often you trade a rebate commission structure may or may not make a big difference. For me, it does make a big difference. Intersango does offer a rebate for adding liquidity to the order book, but it just reduces the amount of commissions you pay. You still pay 0.35% of the value of the trade at Intersango for adding liquidity. At BitFloor you receive a net rebate of 0.10% of the value of the trade for adding liquidity.

BitFloor also has some other smaller advantages
3) BitFloor is one of the better designed websites for trading BTC
4) good customer service with quick responses
5) a phone number (what a concept!)
6) an open attitude for receiving suggestions and giving BTC/USD traders what they want

Mt Gox built a good mousetrap. In my not so humble opinion, BitFloor has built a better one. Will someone else build an even better one than BitFloor? Time will tell.

+1 for BitFloor! 

BitPay uses Bitfloor on a daily (sometimes hourly) basis, and we are very happy with the service and support.  For customers in the USA, its a great place to trade.

Hello EuSouBitcoin,

Just out of curiosity, what is your relationship and/or vested interest with BitFloor.com?

If you don't have an ING Direct Electric Orange checking account and want one, PM me and I'll send you a referral where you can get a $25 bonus if you open your account with $250 or more. (Disclaimer, I would also get a $10 bonus). I do have to have your first name, last name and email address in order to send you the referral. If you prefer not to give out that info, I understand. But open an ING Direct Electric Orange checking account, you won't regret it.