One hidden gem of bitfloor as the mobile phone support. The website is so lite and clean that it load quickly on my Android phone.
Other exchanges should take note.
On edit: bug report. I can't make a sell using mobile browser (Android -4.0) The screen darkens but the popup to confirm never appears.
Topic: BitFloor.com Rocks! - page 10. (Read 17612 times)
Hello Shtylman,
Quick question about your trade engine:
If the highest bid on BTC/USD is 6.00 and I accidentally enter a limit sell order @ 0.60. Do I get filled at 6.00 or my 0.60?
The reason I ask is because I should get the best price of 6.00 even though I entered 0.60. Unfortunately, many times the trade engine isn't coded properly and customers get ripped off. This type of bad order matching happens frequently at non-regulated exchanges/ECNs.
Thanks in advance for your reply, cheers!
Quick question about your trade engine:
If the highest bid on BTC/USD is 6.00 and I accidentally enter a limit sell order @ 0.60. Do I get filled at 6.00 or my 0.60?
The reason I ask is because I should get the best price of 6.00 even though I entered 0.60. Unfortunately, many times the trade engine isn't coded properly and customers get ripped off. This type of bad order matching happens frequently at non-regulated exchanges/ECNs.
Thanks in advance for your reply, cheers!
Our exchange operates as you would expect. In your example, you will be filled at the best price available first, which would be 6, NOT 0.6
Once all of the available volume at 6 is gone, then you will be filled at the next best price and so on until your order is either filled or the remainder put on the order book.
Bitfloor has been great and Roman has provided excellent customer service. I think covering ACH fees was very smart. I've recommended them to everyone.
Hello Shtylman,
Quick question about your trade engine:
If the highest bid on BTC/USD is 6.00 and I accidentally enter a limit sell order @ 0.60. Do I get filled at 6.00 or my 0.60?
The reason I ask is because I should get the best price of 6.00 even though I entered 0.60. Unfortunately, many times the trade engine isn't coded properly and customers get ripped off. This type of bad order matching happens frequently at non-regulated exchanges/ECNs.
Thanks in advance for your reply, cheers!
Quick question about your trade engine:
If the highest bid on BTC/USD is 6.00 and I accidentally enter a limit sell order @ 0.60. Do I get filled at 6.00 or my 0.60?
The reason I ask is because I should get the best price of 6.00 even though I entered 0.60. Unfortunately, many times the trade engine isn't coded properly and customers get ripped off. This type of bad order matching happens frequently at non-regulated exchanges/ECNs.
Thanks in advance for your reply, cheers!
If I may, a suggestion: how about the option to enable non-instant withdrawals, preceded by an instant email notification? This could potentially allow a user with a hacked account to intervene before coins get sent, if they got an email and they knew they hadn't actually sent a withdrawal.
+1
But make it necessary to respond to the Email too,before the TX can be completed
great ways for US residents to deposit and withdraw USD, namely ING Direct Bank's P2P service and PopMoney for deposits
I've no idea how they are accommodating the risk ACH reversals with those.
ING P2P and Popmoney are a different type of ACH service (not the same as Dwolla). These is still a chance of chargeback, but much less from fraudulent activity claimed on the account since they are not third party services which transfer on your behalf.
As always, cash is the preferred and fastest method for those able to do so.
Right... it's hard to convince your bank to reverse it when you initiated it yourself.
Then they have record that you logged in from an unusual IP, and record of the security questions they prompted the attacker with, and whether or not they had to try multiple times.
Sure, it's not impossible, but there is a lot more information to make a decision on than if dwolla pulls from your account. In that case, they pretty much have to side with the customer.
great ways for US residents to deposit and withdraw USD, namely ING Direct Bank's P2P service and PopMoney for deposits
I've no idea how they are accommodating the risk ACH reversals with those.
ING P2P and Popmoney are a different type of ACH service (not the same as Dwolla). These is still a chance of chargeback, but much less from fraudulent activity claimed on the account since they are not third party services which transfer on your behalf.
As always, cash is the preferred and fastest method for those able to do so.
Right... it's hard to convince your bank to reverse it when you initiated it yourself.
great ways for US residents to deposit and withdraw USD, namely ING Direct Bank's P2P service and PopMoney for deposits
I've no idea how they are accommodating the risk ACH reversals with those.
ING P2P and Popmoney are a different type of ACH service (not the same as Dwolla). These is still a chance of chargeback, but much less from fraudulent activity claimed on the account since they are not third party services which transfer on your behalf.
As always, cash is the preferred and fastest method for those able to do so.
Right... it's hard to convince your bank to reverse it when you initiated it yourself.
To shtylman: At what point do you expect free deposits to end?
Currently at no point. The small cost of deposits charged by our banks is a small price for us to to pay to provide less headache for our users (you). We would rather you not worry about all the tiny fees since we hope you will deposit and trade with your funds
I can also say that bitfloor works as advertised. Bootstrapping by paying people to provide liquidity is a good idea as well.
To shtylman: At what point do you expect free deposits to end?
To shtylman: At what point do you expect free deposits to end?
Feature wise, this is as good as it gets. I plan to use bitfloor for all my exchange needs.
I've been "eyeing" bitfloor for awhile might dive in soon! 
Thanks, that should do just fine.
Bitcoin withdraw is now instant and you should see your withdraw requests hit the network immediately.
When can I expect notice about my ACH withdrawal? How often are those processed?They are processed daily and we usually send out the notice every morning. You will see your funds arrive 1-2 business days after processing.
Bitcoin withdraw is now instant and you should see your withdraw requests hit the network immediately.
When can I expect notice about my ACH withdrawal? How often are those processed?
Bitcoin withdraw is now instant and you should see your withdraw requests hit the network immediately.
great ways for US residents to deposit and withdraw USD, namely ING Direct Bank's P2P service and PopMoney for deposits
I've no idea how they are accommodating the risk ACH reversals with those.
ING P2P and Popmoney are a different type of ACH service (not the same as Dwolla). These is still a chance of chargeback, but much less from fraudulent activity claimed on the account since they are not third party services which transfer on your behalf.
As always, cash is the preferred and fastest method for those able to do so.
great ways for US residents to deposit and withdraw USD, namely ING Direct Bank's P2P service and PopMoney for deposits
I've no idea how they are accommodating the risk ACH reversals with those.
Just used it myself for the first time last night/this morning. So far, so good... MtGox is out, since their debacle with Dwolla means I am still waiting for my withdraw to go through. Will not be using them again. I like the direct ACH withdraw option, that's why I chose to try bitfloor out instead of any of the other exchanges.
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