I'd like to see more decimals, I just dropped a small ask into a big wall and would have liked to be in front but I can't.
All the best!
Topic: BitFloor.com Rocks! - page 8. (Read 17612 times)
I just used your site and it's excellent!
I'd like to see more decimals, I just dropped a small ask into a big wall and would have liked to be in front but I can't.
All the best!
I'd like to see more decimals, I just dropped a small ask into a big wall and would have liked to be in front but I can't.
All the best!
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A Money services business (MSB) is a legal term used by financial regulators to describe businesses that transmit or convert money. The definition was created to encompass more than just Banks which normally provide these services to include non-bank financial institutions.
An MSB has specific meanings in different jurisdictions, but generally includes any business that transmits money or representatives of money, provides foreign currency exchange such as Bureau de changes, or cashes cheques or other money related instruments. It is often used in the context of Anti Money Laundering (AML) legislation and rules.
An MSB has specific meanings in different jurisdictions, but generally includes any business that transmits money or representatives of money, provides foreign currency exchange such as Bureau de changes, or cashes cheques or other money related instruments. It is often used in the context of Anti Money Laundering (AML) legislation and rules.
Can you eleborate on those differences in your jurisdiction? Sorry if I am not too polite.
In simple terms an MSB is *any* business that deals with money. An MTB a type of MSB which moves funds from one person to another (paypal or western union are good examples). They take money on your behalf and deliver the same money to another individual.
The legal uncertainty of these and how it pertains to currency exchanges can be debated. However, to be clear, in our legal jurisdiction, it is currently more difficult/costly to be an MTB and as such we are currently not providing such services.
Quote
A Money services business (MSB) is a legal term used by financial regulators to describe businesses that transmit or convert money. The definition was created to encompass more than just Banks which normally provide these services to include non-bank financial institutions.
An MSB has specific meanings in different jurisdictions, but generally includes any business that transmits money or representatives of money, provides foreign currency exchange such as Bureau de changes, or cashes cheques or other money related instruments. It is often used in the context of Anti Money Laundering (AML) legislation and rules.
An MSB has specific meanings in different jurisdictions, but generally includes any business that transmits money or representatives of money, provides foreign currency exchange such as Bureau de changes, or cashes cheques or other money related instruments. It is often used in the context of Anti Money Laundering (AML) legislation and rules.
Can you eleborate on those differences in your jurisdiction? Sorry if I am not too polite.
I will add that for those who wish to deal only electronically, you can open an ING account online, then transfer funds to it from your other accounts. This process is simple and lets you manage your funds until they are ready to be sent to Bitfloor for trading.
Will bitfloor ever consider adding Check or USPS money order as a deposit method? There is no Chase nearby, and popmoney is not available to minors.
Until then, I'll have to resort to CBX (at least for buying).
Until then, I'll have to resort to CBX (at least for buying).
We will not accept checks as they carry chargeback and bounce risks. We are considering accepting Chase QuickPay. You can signup for a Chase account completely online, connect it to your other personal account to move funds into your chase account. Finally, you would be able to send these funds to use via QuickPay.
Other alternatives include wire transfers from your current bank. I will add the wire information to the website for those that wish to use this method.
Does Bitfloor have any kind of USD Codes systems on its own?
No. I wish they did.
We cannot offer this at this time until we are sure this does not make us an MTB (which requires other paperwork and registration).
Currently we focus on Bitcoin buying and selling and not on transfer of fiat currencies between accounts.
Does Bitfloor have any kind of USD Codes systems on its own?
No. I wish they did.
Does Bitfloor have any kind of USD Codes systems on its own?
shtylman, How long does it take to get ACH setup? Do I have to email you for each withdraw I want to make? Or can I get ACH setup one time, then keep using it without having to email you each time?
On my account he set it up the same day. You only need to send account info once. There is no automated way to request a withdrawal you need to email support. You don't need to send account info on each request though. Low tech but it works and response time has been fantastic.
I was concerned about security and asked for a public key to encrypt the account details. He sent me his openSSL public key which I have no idea how to use. I asked him if he could provide a PGP key instead and he did within minutes.
TL/DR
shtylman is a pro!
Sometimes I don't respond to the ACH setup request right away. This does not mean there was a problem. Since most requests just send the info but don't wish to withdraw any funds at the time I just setup the ACH and wait until a withdraw request is sent. Soon it will be clear from your online profile that ACH is setup and no follow-up email will be required
It does seem like getting money into Bitfloor will be problematic. Current market shows that 50 BTC are wanting to be bought. While 1,000 BTC are wanting to be sold. It's full of everyone wanting to sell, but no one willing to buy. My guess is getting money into there is hard. So selling a large sum is going to be rather difficult. Probably not the best place to sell off your coins right now.
In other unrelated news, my MtGox --> Dwolla transactions are going through. I think I'll split up my coins amongst various exchanges to see which one bring the bread to my bank first.
In other unrelated news, my MtGox --> Dwolla transactions are going through. I think I'll split up my coins amongst various exchanges to see which one bring the bread to my bank first.
Will bitfloor ever consider adding Check or USPS money order as a deposit method? There is no Chase nearby, and popmoney is not available to minors.
Until then, I'll have to resort to CBX (at least for buying).
Until then, I'll have to resort to CBX (at least for buying).
I'd say - bot or not, someone please add some USD liquidity to bitfloor. It's a shame there's such a dismal depth on USD side.
So ask someone... because your order book is "naked" and it's a pity that exchange capable of transacting shitloads of operations per second just in standby mode.
Go ahead and drop a bot on it if you are worried.Working on it... relax... soon you will hear good news
I moved too slow guess I will have competition.
Don't worry, we all want efficient markets here... there will be enough place for all of us
So ask someone... because your order book is "naked" and it's a pity that exchange capable of transacting shitloads of operations per second just in standby mode.
Go ahead and drop a bot on it if you are worried.Working on it... relax... soon you will hear good news
I moved too slow guess I will have competition.
So ask someone... because your order book is "naked" and it's a pity that exchange capable of transacting shitloads of operations per second just in standby mode.
Go ahead and drop a bot on it if you are worried.Working on it... relax... soon you will hear good news
So ask someone... because your order book is "naked" and it's a pity that exchange capable of transacting shitloads of operations per second just in standby mode.
Go ahead and drop a bot on it if you are worried.I agree
More bots are always welcome. My focus remains on my above stated goals. I feel that with the liquidity rebate and low fees we have a good structure for market makers and welcome all new users to try it out. 
So ask someone... because your order book is "naked" and it's a pity that exchange capable of transacting shitloads of operations per second just in standby mode.
Go ahead and drop a bot on it if you are worried.
So ask someone... because your order book is "naked" and it's a pity that exchange capable of transacting shitloads of operations per second just in standby mode.
Are you thinking about putting some arbitrage bot to fill your orders book? For example rates 2% away from MTGOX?
Currently I do not run automated traders or market makers on the exchange. My focus remains on ensuring the platform is operational and providing fast service and solid APIs for those that do wish to run trading bots.
Are you thinking about putting some arbitrage bot to fill your orders book? For example rates 2% away from MTGOX?
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