BitVc - A New Trading Platform From Huobi

kanes

member

Activity: 107

Merit: 10

Quote from: DebitMe on September 06, 2014, 11:30:29 AM

Quote from: bitpop on September 06, 2014, 01:10:15 AM

Can anyone report on interest so far?

I had .25 btc in there for the last couple of days, but that does not seem like enough to break the .0001 mark, not sure if it adds more decimal places and just doesn't show it?
I now have over 1 btc, waiting for interest from today. I will update when the interest comes in.

That is a problem of the decimal places. I have there .25 and i have the same problem. I send a email to support and they explain me that is related to the decimal places. Just have to wait. Since the day i put the money i have receive until now 0.0011.

DebitMe

legendary

Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

Quote from: bitpop on September 06, 2014, 01:10:15 AM

Can anyone report on interest so far?

I had .25 btc in there for the last couple of days, but that does not seem like enough to break the .0001 mark, not sure if it adds more decimal places and just doesn't show it?
I now have over 1 btc, waiting for interest from today. I will update when the interest comes in.

bitpop

legendary

Activity: 2912

Merit: 1060

Can anyone report on interest so far?

capoeira

legendary

Activity: 2413

Merit: 1003

Quote from: Ashitank on July 20, 2014, 04:53:53 AM

Quote from: huobi_network on June 23, 2014, 05:57:59 AM

BitVc is a new trading platform which allows margin trading of Bitcoin and Litecoin. Like Huobi, there will be zero trading or withdrawal fees. BitVc is based on Huobi's API and will support BTC/LTC derivatives and financial instruments. BitVc will be focused on margin trading, derivatives, and other financial instruments, while Huobi will continue to be mainly a spot trading platform. The API will be opened later for other developers to create applications on it. BitVc was created by the people behind Huobi, which has an impeccable security and performance record. It is registered to Huobi's subsidiary company in Hong Kong.

BitVc features a new product/service called Yubibao, which is an interest-bearing BTC/LTC account within BitVc. You can move your BTC/LTC into your Yubibao and withdraw into your normal account instantly and at any time. Yubibao gives risk-averse people a safe, easy way to put their coins to work for profit. Interest is derived from traders who borrow to trade on margin. Rather than setting your own loan terms, BitVc pools all the deposits in Yubibao and offers the same market rate to all savers and borrowers.

BitVc is currently in invitation-only mode, but you can send me a message if you want an invitation code. Your feedback would be much appreciated.

https://www.bitvc.com/

http://newsbtc.com/2014/06/16/chinese-bitcoin-exchange-huobi-launch-virtual-currency-based-derivatives-platform-bitvc/

Guy just wanted to let u know be carefull when doing margin trades on bitvc , they seem to have very laggy & slow server response time. Angry

, i dont know this is in purpose to make margin traders loose money or something.

i don't get why they can't manage the server to work. if you are in a position you better don't change the page lol

smiley123

member

Activity: 101

Merit: 10

Quote from: capoeira on August 24, 2014, 11:52:48 AM

Quote from: smiley123 on August 24, 2014, 10:45:32 AM

I've been messing around with BitVC a little, but I can't seem to get market buy to work. It always says amount too small. I've tried both 0.01 BTC and 0.1 BTC. It's a little odd, since market sell works fine for both those amounts.

I had this, too....but it isn't real a prblem, as you can limit buy into the sellorders.

True. I'm sure they will fix it by the time they are out of beta.

capoeira

legendary

Activity: 2413

Merit: 1003

Quote from: smiley123 on August 24, 2014, 10:45:32 AM

I've been messing around with BitVC a little, but I can't seem to get market buy to work. It always says amount too small. I've tried both 0.01 BTC and 0.1 BTC. It's a little odd, since market sell works fine for both those amounts.

I had this, too....but it isn't real a prblem, as you can limit buy into the sellorders.

smiley123

member

Activity: 101

Merit: 10

I've been messing around with BitVC a little, but I can't seem to get market buy to work. It always says amount too small. I've tried both 0.01 BTC and 0.1 BTC. It's a little odd, since market sell works fine for both those amounts.

bladerunner99

newbie

Activity: 23

Merit: 0

Quote from: capoeira on August 23, 2014, 01:37:36 PM

Quote from: bladerunner99 on August 23, 2014, 11:32:12 AM

bitvc webserver is down and I am not happy. I tested it with 0.05 btc and I want out. Of course your mileage may vary.

it's not down...it´s just very very slow

Well the webserver is back up and I transferred my funds out. In an email from the admin I was told that funds of one BTC or more are really needed to show growth since they only show out to 4 digits. I may try BtcVc later. But I would like to see better website access with no down time. I would also like a better translated version for english speakers, a better explanation of how the site works, and faster more coherent responses from support. The best part of the site is the fact that once you deposit the btc in your Yubibao account you do not have to check in and manage loans all the time. I like earning something with my spare coins as opposed to earning nothing. So if you have spare coins this is worth trying from my experience. Good luck.

WeMineCoins

member

Activity: 63

Merit: 10

I tried it with 520+ LTC for a couple days had no issues but the site is still super beta so I'll be waiting to try with anymore funds till it's more polished. Back to bitfinex.

Update : Typo

capoeira

legendary

Activity: 2413

Merit: 1003

Quote from: bladerunner99 on August 23, 2014, 11:32:12 AM

bitvc webserver is down and I am not happy. I tested it with 0.05 btc and I want out. Of course your mileage may vary.

it's not down...it´s just very very slow

bladerunner99

newbie

Activity: 23

Merit: 0

bitvc webserver is down and I am not happy. I tested it with 0.05 btc and I want out. Of course your mileage may vary.

capoeira

legendary

Activity: 2413

Merit: 1003

so why is this page so slow?

and do we get a stop-loss soon? levergaed trading requires at least a stop-loss, better even more of the advanced order types

capoeira

legendary

Activity: 2413

Merit: 1003

Quote from: kanes on August 12, 2014, 08:29:12 AM

anyone trying the service?

I just loged in, it doesn't even show the orderbook and is slow as hell
at least now there is margin to borrow

kanes

member

Activity: 107

Merit: 10

anyone trying the service?

21pilot

sr. member

Activity: 252

Merit: 250

Quote

10 Thousand Accrual（฿）
1.5256

That means I get roughly 0.015 % interest per day?
Do I understand this correctly?

If this is the case why is anyone saying the interest is bigger than at bitfinex?
At bitfinex I currently get ~10x amount of that interest for my loans.

capoeira

legendary

Activity: 2413

Merit: 1003

Quote from: TwinWinNerD on August 05, 2014, 07:36:33 AM

Quote from: capoeira on August 05, 2014, 07:32:30 AM

Quote from: TwinWinNerD on August 05, 2014, 07:24:12 AM

Quote from: capoeira on August 05, 2014, 07:22:45 AM

Quote from: joele on August 05, 2014, 07:09:11 AM

Quote from: TwinWinNerD on July 28, 2014, 05:13:40 PM

Quote from: capoeira on July 28, 2014, 06:53:41 AM

any more expiriences on that one?

Some experience with lending BTC:

you don't really get paid for the first day, if you deposit you get your first payment ~48 hours after and then every 24hours. Also the interest is very low (but still higher than bitfinex!). Withdrawing from the lending system is instantly, but again you forfeit 1 day of interest.

I like the bitfinex way much more.

What is the current interest rate for BTC and LTC?
Thanks

0,1% for borrowing.....for lending I coudn't find the rate on site, just a Chinese text

it was about 0.018%.

The way it works is:

They pool the deposits that are meant for lending. The borrowers pay the 0.1% and then those 0.1% are split to all borrowers. In this case only about 20% of all funds are used for trading.

they should have an english text expaining this....the whole page seams to be beta to me

yeah, it looks like they used google translate...

Also the chinese are a wierd folk: They don't use our common digit notation, but use "w" aka 10000. So their rate is notated in 1.8 BTC/w pr 1.8BTC/10000 BTC.

Well, you get used to if you need to Wink

what I mean is that in YubiBiBao, I see

Quote

Deposit your sleeping coins. Earn daily profit. Withdrawal is unconstrained. Details

and when I click "details" there is only a chniese text

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: capoeira on August 05, 2014, 07:32:30 AM

Quote from: TwinWinNerD on August 05, 2014, 07:24:12 AM

Quote from: capoeira on August 05, 2014, 07:22:45 AM

Quote from: joele on August 05, 2014, 07:09:11 AM

Quote from: TwinWinNerD on July 28, 2014, 05:13:40 PM

Quote from: capoeira on July 28, 2014, 06:53:41 AM

any more expiriences on that one?

Some experience with lending BTC:

you don't really get paid for the first day, if you deposit you get your first payment ~48 hours after and then every 24hours. Also the interest is very low (but still higher than bitfinex!). Withdrawing from the lending system is instantly, but again you forfeit 1 day of interest.

I like the bitfinex way much more.

What is the current interest rate for BTC and LTC?
Thanks

0,1% for borrowing.....for lending I coudn't find the rate on site, just a Chinese text

it was about 0.018%.

The way it works is:

They pool the deposits that are meant for lending. The borrowers pay the 0.1% and then those 0.1% are split to all borrowers. In this case only about 20% of all funds are used for trading.

they should have an english text expaining this....the whole page seams to be beta to me

yeah, it looks like they used google translate...

Also the chinese are a wierd folk: They don't use our common digit notation, but use "w" aka 10000. So their rate is notated in 1.8 BTC/w pr 1.8BTC/10000 BTC.

Well, you get used to if you need to Wink

capoeira

legendary

Activity: 2413

Merit: 1003

Quote from: TwinWinNerD on August 05, 2014, 07:24:12 AM

Quote from: capoeira on August 05, 2014, 07:22:45 AM

Quote from: joele on August 05, 2014, 07:09:11 AM

Quote from: TwinWinNerD on July 28, 2014, 05:13:40 PM

Quote from: capoeira on July 28, 2014, 06:53:41 AM

any more expiriences on that one?

Some experience with lending BTC:

you don't really get paid for the first day, if you deposit you get your first payment ~48 hours after and then every 24hours. Also the interest is very low (but still higher than bitfinex!). Withdrawing from the lending system is instantly, but again you forfeit 1 day of interest.

I like the bitfinex way much more.

What is the current interest rate for BTC and LTC?
Thanks

0,1% for borrowing.....for lending I coudn't find the rate on site, just a Chinese text

it was about 0.018%.

The way it works is:

They pool the deposits that are meant for lending. The borrowers pay the 0.1% and then those 0.1% are split to all borrowers. In this case only about 20% of all funds are used for trading.

they should have an english text expaining this....the whole page seams to be beta to me

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: capoeira on August 05, 2014, 07:22:45 AM

Quote from: joele on August 05, 2014, 07:09:11 AM

Quote from: TwinWinNerD on July 28, 2014, 05:13:40 PM

Quote from: capoeira on July 28, 2014, 06:53:41 AM

any more expiriences on that one?

Some experience with lending BTC:

you don't really get paid for the first day, if you deposit you get your first payment ~48 hours after and then every 24hours. Also the interest is very low (but still higher than bitfinex!). Withdrawing from the lending system is instantly, but again you forfeit 1 day of interest.

I like the bitfinex way much more.

What is the current interest rate for BTC and LTC?
Thanks

0,1% for borrowing.....for lending I coudn't find the rate on site, just a Chinese text

it was about 0.018%.

The way it works is:

They pool the deposits that are meant for lending. The borrowers pay the 0.1% and then those 0.1% are split to all borrowers. In this case only about 20% of all funds are used for trading.

capoeira

legendary

Activity: 2413

Merit: 1003

Quote from: joele on August 05, 2014, 07:09:11 AM

Quote from: TwinWinNerD on July 28, 2014, 05:13:40 PM

Quote from: capoeira on July 28, 2014, 06:53:41 AM

any more expiriences on that one?

Some experience with lending BTC:

you don't really get paid for the first day, if you deposit you get your first payment ~48 hours after and then every 24hours. Also the interest is very low (but still higher than bitfinex!). Withdrawing from the lending system is instantly, but again you forfeit 1 day of interest.

I like the bitfinex way much more.

What is the current interest rate for BTC and LTC?
Thanks

0,1% for borrowing.....for lending I coudn't find the rate on site, just a Chinese text

Topic: BitVc - A New Trading Platform From Huobi (Read 6899 times)