BitMarket.Eu has closed down - page 55.

REF

hero member

Activity: 529

Merit: 500

Quote from: Mahkul on June 05, 2011, 12:12:14 PM

Quote from: callmeivan on June 05, 2011, 11:56:40 AM

Mahkul i think your situation compared to buying something on ebay and paying via bank trasfer is a bit different.

You hold the goods (100 btc), because banking fees within the european union either being non existent or at the very least very low i think it would be great if an option could be implemented where it work like that (for a fee of course, this process can be fully automated with very little work involved).

A puts 100 bitcoins in his account
A sells 100 bitcoins to B

B sends bitmarket.eu the money through bank transfer

bitmarket.eu confirms the payment and releases the 100 bitcoins to B and the money to A

Then there would be zero fraud.

If we did this we would have to register a company with holding accounts just like mtgox, which we don't want to do for now. It's not easy, because you have to justify large money transfers coming into your account. Also, one idea of our exchange is that you don't have to wait for the transfer to arrive in order to buy coins. We are adding a rating system so we will be able to only choose offers from reputable sellers/buyers.

definitely like the rating system idea. hoping to get approved i submitted a forum around 30hrs ago. I have a suggestion too. I think users should be able to select different payment methods for sales and purchases. say for sales id like to only use paypal and wire but for purchases i only want to use wire.

Mahkul

sr. member

Activity: 434

Merit: 251

Every saint has a past. Every sinner has a future.

Unfortunately we are forced to temporarily close registrations on BitMarket until further notice. We need to migrate to a new server and reprogram our engine in order to be able to uphold good performance of the site. Sorry about the inconvenience, please bear with us.

All current users can of course use the site without any limitations as they have been doing. We just cannot accept any new users for now.

Mahkul

sr. member

Activity: 434

Merit: 251

Every saint has a past. Every sinner has a future.

Quote from: callmeivan on June 05, 2011, 11:56:40 AM

Mahkul i think your situation compared to buying something on ebay and paying via bank trasfer is a bit different.

You hold the goods (100 btc), because banking fees within the european union either being non existent or at the very least very low i think it would be great if an option could be implemented where it work like that (for a fee of course, this process can be fully automated with very little work involved).

A puts 100 bitcoins in his account
A sells 100 bitcoins to B

B sends bitmarket.eu the money through bank transfer

bitmarket.eu confirms the payment and releases the 100 bitcoins to B and the money to A

Then there would be zero fraud.

If we did this we would have to register a company with holding accounts just like mtgox, which we don't want to do for now. It's not easy, because you have to justify large money transfers coming into your account. Also, one idea of our exchange is that you don't have to wait for the transfer to arrive in order to buy coins. We are adding a rating system so we will be able to only choose offers from reputable sellers/buyers.

callmeivan

newbie

Activity: 33

Merit: 0

Mahkul i think your situation compared to buying something on ebay and paying via bank trasfer is a bit different.

You hold the goods (100 btc), because banking fees within the european union either being non existent or at the very least very low i think it would be great if an option could be implemented where it works like that (for a fee of course, this process can be fully automated with very little work involved).

A puts 100 bitcoins in his account
A sells 100 bitcoins to B

B sends bitmarket.eu the money through bank transfer

bitmarket.eu confirms the payment and releases the 100 bitcoins to B and the money to A

Then there would be zero fraud.

Mahkul

sr. member

Activity: 434

Merit: 251

Every saint has a past. Every sinner has a future.

Quote from: callmeivan on June 05, 2011, 07:45:36 AM

I got a scenario,

A puts 100 bitcoins in his account
A sells 100 bitcoins to B

B sends the money through bank transfer
A says he didnt receive any money so A doesnt release the 100 bitcoins

What now? (there is no way, apart from providing you my online banking account credentials, to verify the bank transfer - no (practical) way to tell if a bank statement has been forged or not)

That's why we verify every single user manually before they are allowed to trade on site. We don't allow anyone who has no positive ebay feedback on a long established account.

If you pay by bank transfer on ebay you always risk that the seller won't send you the item and there will be no way to prove this too. We can't work miracles, but are doing our best to stop any scammers from joining the market.

As for the verification delays, we now get 200-300 new users daily. Please understand that we have full time jobs and are doing this in our spare time. The site is totally free and we are already paying for the hosting server, a mass mail server, ssl certs and most importantly, spend a good few hours daily on answering mails and verification requests as soon as we can; not too mention adding new features to the site. We currently have more than 5200 users, yesterday it was 4700 and the day is still young.

Hopefully once we have this new person processing the verification applications it will get back on track. That's again another expenditure for us, so as my colleague said, donations are more than welcome.

Thanks for your trust and patience.

callmeivan

newbie

Activity: 33

Merit: 0

I got a scenario,

A puts 100 bitcoins in his account
A sells 100 bitcoins to B

B sends the money through bank transfer
A says he didnt receive any money so A doesnt release the 100 bitcoins

What now? (there is no way, apart from providing you my online banking account credentials, to verify the bank transfer - no (practical) way to tell if a bank statement has been forged or not)

M4v3R

hero member

Activity: 607

Merit: 500

Hi, there is nothing wrong with your account if you didn't get reply. It's just we have so many verification email that it could take longer than claimed 48 hours in some cases. We already hired someone that will help us with this, but she will start on monday, so please bear with us a little more.

Nepumuk

newbie

Activity: 7

Merit: 0

Hi,

i registered two days ago on bitmarket.eu. Since then, I haven't heard anything from bitmarket. I also wrote an email with a screenshot of my ebay account to help in the verification process. Still no reply. Did I do something wrong?

M4v3R

hero member

Activity: 607

Merit: 500

Well, maybe you had bad luck and made a trade in a short period of time when our mail server had problems. We switched to a premium mail service, because free one had daily limits (500 per day), which wasn't enough, as we now send 1000+ email messages a day (transaction notifications, verification requests, activation messages and so on).

So if you didn't receive something, just drop us a message and we'll send to you contact details to other party.

JohnDn

newbie

Activity: 25

Merit: 0

I did, there's nothing anywhere.
Plus, I have in the past received email from bitmarket.eu without any problem..
Also, the one person I said had contacted me, told me they didn't receive any e-mail from bitmarket either Undecided

M4v3R

hero member

Activity: 607

Merit: 500

Please check your spam filters / folders. It is possible that our mail got classified by your mail server as spam.

JohnDn

newbie

Activity: 25

Merit: 0

Hi,

I set up an offer to sell BTC recently (~24h ago), it was then split to 2 buyers, one of which was, i think, done automatically.
I didn't receive any e-mails from bitmarket.eu concerning either of these?
Somehow, one of the buyers managed to contact me, but I am still without news from the other, and can't seem to find a way to contact them..

REF

hero member

Activity: 529

Merit: 500

just made an account. hoping to get verified. I was clicking around a little bit and thought of a suggestion also. I would really like to be able to pick different payment methods for when im selling bitcoins and when im buying bitcoins.

M4v3R

hero member

Activity: 607

Merit: 500

@myself: It's mostly working now, though there is a small possibility that your request ended up in void. If you don't receive a response in 48 hours, please mail us again. Sorry to everyone for the inconveinence. We are hiring a lady to help us with the overwhelming emails, so in the coming days the verification process should go smoother.

This is also a good time to remind you all that BitMarket.eu operates free of charge, but we have to pay for many services to keep it this way (web server, email server, domains, the lady that will help with the mails). If you feel like we do neat stuff, you can find a donations address at the bottom of the site. Thanks for all your support!

cyberaa

newbie

Activity: 57

Merit: 0

Im interested alot in buying and selling some bitcoins at this market can u accept me?
thanks

Kruemelmonster

newbie

Activity: 33

Merit: 0

i d like to join too but i have no reputation so far. Does anyone know another way to verify an account?

cyberaa

newbie

Activity: 57

Merit: 0

i hope i can join this market, it looks really awesome to buy and sell some btc in europe.

M4v3R

hero member

Activity: 607

Merit: 500

Wow, we passed 3000 users tonight. Thanks all for your trust! As a side effect, your Bitcoin transfers can validate slower (up to 15 mins), because our bitcoind daemon can't handle this volume. We're working on improving this, as well as on some other cool things. Stay tuned!

Sukrim

legendary

Activity: 2618

Merit: 1007

Quote from: M4v3R on May 20, 2011, 06:14:59 AM

It will display people's nickname and their rating next to an offer like this:

M4v3R (13)

You will be able to click on the person's nickname to list their offers and transactions, you also will be able to view from whom he had received their ratings. Much like it's done on eBay or similar sites.

Wouldn't it be actually much cooler to see the total value in BTC "incoming" (buying) and "outgoing" (selling) this user did successfully in total?

This would give much more credibility, as selling 100 * 1 Bitcent or 5 * 100 BTC is a big difference, but the first user would then have a "great" rating, while the second one still has "less than 10 ratings".

edit:
Also thanks a lot for SEPA!

fergalish

sr. member

Activity: 440

Merit: 250

Quote from: Mahkul on May 19, 2011, 05:58:47 PM

We have updated our FAQ. The buyer is always required to pay the fees (be it Paypal or wire-transfer). If they don't, you let us know and we will decrease the amount of the coins they'll get before you confirm the transaction.

We are currently working on the feedback system. Once this is sorted, then we may add short descriptions with each offer.

While personally I think that the buyer should pay the fees, your policy here disagrees with paypal's policy - according to paypal, the *seller* pays fees. It complicated, but in a paypal-to-paypal trasnfer, the seller pays the fees. If you pay with credit card on paypal, then the buyer pays.

So, just make sure someone doesn't receive less than the agreed bitcoins then initiate a chargeback on paypal. I'll bet paypal would side with the seller.

Thanks for the SEPA transfer option! For other reasons, paypal went sour on me, and I now have to wait 180 days to extract my funds :-(

Topic: BitMarket.Eu has closed down - page 55. (Read 204189 times)