BitFloor.com Rocks! - page 3. | Bitcointalksearch.org

ErebusBat

hero member

Activity: 560

Merit: 500

I am the one who knocks

Quote from: BoardGameCoin on August 07, 2012, 01:09:53 PM

I can say that the Wells Fargo deposit works great for me. Haven't done withdrawal, but that's mostly cause I'm pretty long on BTC and prefer to avoid giving out my ID if possible. I'll give it when I feel like selling some, but that might be awhile.

-bgc

Same here... I have done a couple of deposits @ WF now and I am loving BF.

BoardGameCoin

sr. member

Activity: 283

Merit: 250

I can say that the Wells Fargo deposit works great for me. Haven't done withdrawal, but that's mostly cause I'm pretty long on BTC and prefer to avoid giving out my ID if possible. I'll give it when I feel like selling some, but that might be awhile.

-bgc

peasant

sr. member

Activity: 272

Merit: 250

Cryptopreneur

So far so good. It's nice to walk into chase, deposit cash, and have my money in the account before i even get home. Used most of the features except withdrawl, and they work great. Hope more people start using this site. It could use the volume.

Murdaversa

member

Activity: 77

Merit: 10

i love BITFLOOR! i made my first transaction there today!! sold 10 btc and requested an ACH transfer.... it couldnt be seamlessly easier!! THANKS BITFLOOR!!!

epetroel

sr. member

Activity: 431

Merit: 251

Quote from: DeathAndTaxes on July 30, 2012, 07:47:48 PM

Quote from: epetroel on July 30, 2012, 07:44:21 PM

Out of curiosity, why not?

Lets think this logically (not I wish x would happen because it helps me personally).

Why would someone use a MtGox code? Why not just cash out from MtGox?

Someone will deposit a MtGox code because there is a long delay @ MtGox.

If someone could cash out from MtGox with a 21 day delay or cash out from Bitfloor with a 0 day delay which would they pick?

So you would see a huge influx of semi-worthless Gox codes. Now when those users deposit a Gox code and attempt to cash out on Bitfloor where does the cash come from? It is still on MtGox so the operator has to cash out from MtGox wait 21 days for it to get to his bank account and then pay users. Quickly the cashouts will exceed cash on hand and delay for cashing out will go from 0 days to 21 days. MtGox can then push shtylman's cashout requests to the back burners (oops this request took 28 days, that one too 32 days). That would disrupt his cashflow probably fatally. When Bitfloor no longer has fast cashouts it will die.

Makes perfect sense. I was thinking about it just from my perspective where I would most likely be adding $$ with Gox codes and either withdrawing back again as Gox codes or withdrawing coins.

I'm doing arbitrage, so my money never really leaves the exchanges, just moves from one exchange to another.

ErebusBat

hero member

Activity: 560

Merit: 500

I am the one who knocks

Quote from: ErebusBat on August 03, 2012, 01:56:24 PM

So this works SO WELL it isn't even funny.

I made my deposit with almost no incident* (see below) by the time I got back to my office (not even 10 mins, it is close) my BF account was already credited!

THANK YOU SOO MUCH BITFLOOR!!!!

*FYI: The teller processed my deposit slip and told me that she would need a 'new client deposit approval' which was apparently just a trip back to her manager which gave her verbal approval. I deposited less than $100 so I thought that was strange anyway.

Thought I would cross post this for those who were not aware ^^^

Fray

full member

Activity: 209

Merit: 100

I like this site also, but volume sure is low.

2weiX

legendary

Activity: 2058

Merit: 1005

this space intentionally left blank

the second you can do SEPA next-day i will be there.

genuise

sr. member

Activity: 379

Merit: 250

Hi, can you give some details about limits for international wire transfer withdrawal?

how it is done, what is the sequence of actions?

shtylman

sr. member

Activity: 243

Merit: 250

Quote from: ?? on ??

Would also love to see the ability to redeem MtGox codes but I doubt that will happen.

This will not be happening for the reasons described above. We must be able to control all of our cashflow to ensure timely withdrawals.

jwzguy

hero member

Activity: 868

Merit: 1002

Quote from: DeathAndTaxes on July 30, 2012, 07:47:48 PM

Quote from: epetroel on July 30, 2012, 07:44:21 PM

Out of curiosity, why not?

Lets think this logically (not I wish x would happen because it helps me personally).

Why would someone use a MtGox code? Why not just cash out from MtGox?

The only possible reason to use a MtGox code is because there is a long delay @ MtGox. IF someone could cash out from MtGox and wait 21 days or cash out from Bitfloor and wait 8 hours which would they pick? So you would see a huge influx of semi-worthless Gox codes. Now when those users cahs out where does the cash come from? It is still on MtGox so the operator has to cash out from MtGox wait 21 days for it to get to his bank account and then pay users. Quickly the cashouts will exceed cash on hand and delay for cashing out will go from 0 days to 21 days.

Exactly. Part of the reason I'm using Bitfloor to shield myself from problems with MtGox. I don't want Bitfloor to shoulder part of the liability of MtGox's solvency.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Quote from: epetroel on July 30, 2012, 07:44:21 PM

Out of curiosity, why not?

Lets think this logically (not I wish x would happen because it helps me personally).

Why would someone use a MtGox code? Why not just cash out from MtGox?

Someone will deposit a MtGox code because there is a long delay @ MtGox.

If someone could cash out from MtGox with a 21 day delay or cash out from Bitfloor with a 0 day delay which would they pick?

So you would see a huge influx of semi-worthless Gox codes. Now when those users deposit a Gox code and attempt to cash out on Bitfloor where does the cash come from? It is still on MtGox so the operator has to cash out from MtGox wait 21 days for it to get to his bank account and then pay users. Quickly the cashouts will exceed cash on hand and delay for cashing out will go from 0 days to 21 days. MtGox can then push shtylman's cashout requests to the back burners (oops this request took 28 days, that one too 32 days). That would disrupt his cashflow probably fatally. When Bitfloor no longer has fast cashouts it will die.

epetroel

sr. member

Activity: 431

Merit: 251

Quote from: jwzguy on July 30, 2012, 07:02:12 PM

Quote from: ?? on ??

Would also love to see the ability to redeem MtGox codes but I doubt that will happen.

I really hope that doesn't happen.

Out of curiosity, why not?

jwzguy

hero member

Activity: 868

Merit: 1002

Quote from: ?? on ??

Would also love to see the ability to redeem MtGox codes but I doubt that will happen.

I really hope that doesn't happen.

EuSouBitcoin

sr. member

Activity: 490

Merit: 251

BitFloor recently passed Camp BX to move from #5 to #4 on the 30-day BTC/USD volume list at bitcoincharts.com. BitFloor volume for the past 30 days is over 40,000 BTC. Congratulations BitFloor! Keep on Rockin'!

shtylman

sr. member

Activity: 243

Merit: 250

Quote from: EuSouBitcoin on June 29, 2012, 03:54:53 PM

BitFloor recently passed BTCex to move from #6 to #5 on the 30-day BTC/USD volume list at bitcoincharts.com. BitFloor volume for the past 30 days is over 23,000 BTC. Congratulations BitFloor! Keep on Rockin'!

Yay

EuSouBitcoin

sr. member

Activity: 490

Merit: 251

BitFloor recently passed BTCex to move from #6 to #5 on the 30-day BTC/USD volume list at bitcoincharts.com. BitFloor volume for the past 30 days is over 23,000 BTC. Congratulations BitFloor! Keep on Rockin'!

miscreanity

legendary

Activity: 1316

Merit: 1005

Quote from: Tomatocage on June 29, 2012, 11:11:43 AM

That's funny because there's another exchange that... heyyy wait a minute! You crafty slickster of the English language, you!

There are other sketchy businesses called RBS, and NatWest, and Banque Postale, and Societe Generale... I lost count. People can't get their fiat there either...

Tomatocage

legendary

Activity: 1554

Merit: 1222

brb keeping up with the Kardashians