Waiting for BitPiggy to come back online.
In my experience the service was pretty fast and the rates not too bad. About 15% below the current MtGox price. While BitPiggy is down I've been selling BTCs on MtGox and have money in Liberty Reserve, but I haven't found a way of getting that money into my Australian bank account. The LR service requires engaging a third party money transfer company to move the cash, but upon inspection of some of these companies I'm quite hesitant to do it. Some of them have web sites that look like they haven't changed since 1997.
Topic: BitPiggy.com - new Australian Dollar <-> BitCoin exchange - page 2. (Read 17565 times)
Very interested and I know at least another 5 Aussies who are too (and that number is growing). Hope you get the site back up asap. I'm happy to help out with anything you need!!
Cheers
Cheers
i've bookmarked the site, but it's down so I can't investigate fees
how much do I lose per transaction or per BTC ?
Looking forward to using this service heh
how much do I lose per transaction or per BTC ?
Looking forward to using this service heh
BitPiggy is currently down for maintenance.
I've put in a small 0.5BTC transaction to test things out, I will report on progress within 24-48 hours.
Received payment into my australian bank account yesterday.
Fast turn around. I received money into my bank account within 48 hours of selling bitcoins.
I created the order on Thursday morning, by Saturday morning the money was in my account.
You receive transaction status updates by email, you get an email confirming your order and another one when they send the money to your bank account.
Overall I had a good experience during this transaction so based on this I can recommend them.
I hope the site will be setup for 24/7 trading in near future. It will definitely be one of my favourite sites to trade with.
My bank transfer arrived today. Very fast service all in all. Quite happy ! Will be using it again.
Cheers !
Cheers !
Great to have an Aussie trading site..I'll check back regularly on its progress and am very interested in trading.
ABC Radio National had a story about Bitcoins on tonight's PM program.
New online currency offers a 'better way'
http://www.abc.net.au/pm/content/2011/s3240179.htm
A whole lot more Australians may soon be interested in trading BTC.
New online currency offers a 'better way'
http://www.abc.net.au/pm/content/2011/s3240179.htm
A whole lot more Australians may soon be interested in trading BTC.
Yea, I think you're right. I can't see any automated way of doing it without going through an intemediary service of some sort (which just adds fee's etc.). Unless your bank offers some sort of merchant package that allows you to send payments through an API of some sort 
I don't know of any that do, but it might exist ?
I'm fairly happy with a 96 hour turn around time anyway. I sent my BTC through this morning, and would be happy to see the money in my account before next Tuesday. As long as people dont have unrealistic expectations and you are upfront with the transaction time, i dont see any problems.
As a bit of a suggestion, i'd perhaps flesh the site out with a little bit more information. It doesn't really say too much at the moment, and might put some people off.
Cheers,
Gervase
I don't know of any that do, but it might exist ?I'm fairly happy with a 96 hour turn around time anyway. I sent my BTC through this morning, and would be happy to see the money in my account before next Tuesday. As long as people dont have unrealistic expectations and you are upfront with the transaction time, i dont see any problems.
As a bit of a suggestion, i'd perhaps flesh the site out with a little bit more information. It doesn't really say too much at the moment, and might put some people off.
Cheers,
Gervase
Hi,
Apologies once again, I have been away from this forum for a while.
As mentioned in the post above, the website is still experiencing hiccups such as running out of funds and/or BitCoins. In addition to that, parts of the process are still manual, such as sending/receiving money.
In short the user-experience is not as good as say CoinPal, which I think had a fantastic experience.
Hence, my roadmap for the next week or so is to:
The benefits of these things will be:
The only major part that will still be missing is automatic payment of AUD to someone who has sold BitCoins to BitPiggy. As far as I am aware, there is simply no automatic way to do this in Australia.
Please let me know if you have questions/comments.
~Mat
Apologies once again, I have been away from this forum for a while.
As mentioned in the post above, the website is still experiencing hiccups such as running out of funds and/or BitCoins. In addition to that, parts of the process are still manual, such as sending/receiving money.
In short the user-experience is not as good as say CoinPal, which I think had a fantastic experience.
Hence, my roadmap for the next week or so is to:
- Take down the site temporarily
- Add BPay as payment option
- Setup own internal BitCoin server
The benefits of these things will be:
- Allow me to focus on fixing the site ASAP
- Make automatic notification when someone pays a reality
- Allow automatic notification of when BitCoins are sent/received
The only major part that will still be missing is automatic payment of AUD to someone who has sold BitCoins to BitPiggy. As far as I am aware, there is simply no automatic way to do this in Australia.
Please let me know if you have questions/comments.
~Mat
BitPiggy is once again out of funds this morning. Is there another way to get BTC to AUD$?
Just got my first lot of money from Bitcoin 
Tested the service selling 1 Bitcoin, received my money ~2 days later. Will definitely be using again.
Tested the service selling 1 Bitcoin, received my money ~2 days later. Will definitely be using again.
I've put in a small 0.5BTC transaction to test things out, I will report on progress within 24-48 hours.
they were out of funds yesterday when i went to do it, but this morning they were back up and running, so i put the request through. Apparently takes 1-24 hours to process, so i'll update this thread with the results.
I will be putting through a sale of 10 BTC (just to see how it all goes) this afternoon.
If all goes well, I will look to do some larger amounts with you. Its great that your in Australia and do bank deposits. Removes all the currency conversion / transaction fees.
If all goes well, I will look to do some larger amounts with you. Its great that your in Australia and do bank deposits. Removes all the currency conversion / transaction fees.
I am also considering trading with bitpiggy.
How did that 10BTC transaction go?
Great idea. Would be nice not to be screwed on international transfers and conversions on mtgox.
MtGox allows easy transferring of Australian dollars to the exchange, but how do you withdraw them back to an Australian bank account? As far as I can see only US/Euro accounts are supported.
It would be nice to have an alternative to BitPiggy. While that site has been reliable and honest, it's just one place to trade bitcoins/cash. More options are needed should BitPiggy experience problems.
Great idea. Would be nice not to be screwed on international transfers and conversions on mtgox.
I will be putting through a sale of 10 BTC (just to see how it all goes) this afternoon.
If all goes well, I will look to do some larger amounts with you. Its great that your in Australia and do bank deposits. Removes all the currency conversion / transaction fees.
If all goes well, I will look to do some larger amounts with you. Its great that your in Australia and do bank deposits. Removes all the currency conversion / transaction fees.
Another update:
Users can now buy and sell on BitPiggy. There are some simple daily limits, and some per-sale limits. The site tells you if the amount is to big or too small. Just go to http://bitpiggy.com
Please let me know if you have any suggestions, or experience any problems.
Otherwise, enjoy!
~Mat
PS. And thanks to commlinx for that recommendation.
Users can now buy and sell on BitPiggy. There are some simple daily limits, and some per-sale limits. The site tells you if the amount is to big or too small. Just go to http://bitpiggy.com
Please let me know if you have any suggestions, or experience any problems.
Otherwise, enjoy!
~Mat
PS. And thanks to commlinx for that recommendation.
Just wanted to post here that last week I used the site twice to sell 50 and 80 BTC and it all worked flawlessly 
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