Topic: Camp BX Platform in Beta: Margin Trading, Short Selling, and Advanced Orders - page 2. (Read 14215 times)

So there will be a record of deposits, but not in the 'history' section since they aren't on a timeline?

Would it be so bad to list the time that the funds were credited to the account instead of the transaction being sent?

FM,
     We don't see timestamps of individual deposit transactions.  There is a much more elegant solution planned that will take some time to implement.

Hope this makes sense,
     Keyur

I don't understand. You need to know how much is deposited in order to credit it. Why can't you display it?

Holliday,
    Yes, we are implementing fund movement history later this week for following three transactions:

1) Bitcoin Withdrawals
2) USD Deposits
3) USD Withdrawals

We will not be able to show Bitcoin deposits, because it requires an un-elegant technical solution.  This seemingly simple feature will have to wait for a mod to the core Bitcoin client.

Thank you,
     Keyur

I would be more inclined to trust entities incorporated in a pro free market sovereign such as singapore, hong kong, or lichtenstein.

Hazek,
     
These are some really good suggestions to make Camp BX UI better suited to experienced traders.  Let me take these ideas to my team and see what we can fit in our to-do list prior to launch.  I will keep you posted on this.

- Keyur

Ok here a few design and feature position suggestions for your site interface:

I don't know how to best explain this but I guess I can try from the perspective of how I usually trade.

First I want to see the depth table. This is very important to me because even though I don't see dark orders, which btw you should explain somewhere what are the exact mechanics of, I can still roughly anticipate where the market is moving. It's my primary source of information when I daytrade.

2nd I look at recent history. I usually find graphs like these two the most useful: http://bitcoinity.org/markets?theme=light and http://mtgoxlive.com/orders
And I'd like to also see something like these two when I'm writing my order, meaning both the depth table and a graph like these two should be on the "trade now" page.

3rd when I book orders I want it to be as easy, simple and quick as possible. That means:
-no preview step, or at least the option to turn that off, maybe live calculation of how much a certain quantity would cost at a certain price, or how much a certain quantity would net me at a certain price
-displayed live top bid and lowest ask
-automatic order splitting into 2 portions, one for which I have funds for being active and another which I don't have the funds for in the event that I am trying to buy/sell too much
-easily accessible "my orders" table meaning it should also be part of the "trade now" page so that I can cancel them quickly if I want to

These are some of the thing that I noticed right away and changing them would make your exchange become a lot smoother IMO.

Also I realize you'll have an API available but then I'd have to look to someone for a trading client having to learn how to use it and potentially expose myself to more risks.

Sent you the details on Georgia Secretary of State website.   Please feel free to look us up.

Thank you,
     Keyur

How can we check that the company is indeed registered in Georgia?

Keyur, I find your techy part of your exchange is the best among your fellow exchanges. However, I guess people still want you to cooperate with the authorities and lawyers better. For most of the bitcoin adopters, especially the investors, they don't need to hide their identity, why not be a more regulated exchange? In that way, you can accept individual traders, and you can also develop some broker network around the world, just like NASDAQ and NY exchanges.

Elggawf,

     Thank you for your kind words!   I certainly understand your concerns, and will talk to my counsel on how best we can provide more transparency and news about the compliance program to our users.


Thank you,
     Keyur

Thank you!  We will update the FAQ to show the commissions.

We are looking to compete primarily on features, not prices.  Look for three groundbreaking new features in coming months!

- Keyur

Keyur,

I didn't say I necessarily wouldn't use it, just that I'd like to know all the bases are covered beforehand. That's why I asked what lawyer or legal firm advised you of the legalities of operating such a business in the USA, and if you were registered as an MSB.

"Trust us, it's legit" is what E-gold, Liberty Dollars, and a bunch of others said in the past. No one wants to get burned by this, and want to make sure you've done your homework.

I do dig the site though, the hate on colorblind folks and the invalid-characters-in-passwords notwithstanding.

What are the ordinary transaction fees to buy or sell bitcoins?  [Will you beat Mt Gox and TradeHill?] 

Will you consider a tiered fee structure for active traders.?

Are there fees for withdrawing or adding funds to my account?

I looked in the FAQ but could not see this info.

Like others I desire a trading API - hopefully subsuming the Mt Gox precedent.

I'll admit that's reassuring and makes sense.


Great.

Hazek,
       Don't be turned off by the TOS language: the harsh sounding terms are targeted for elements who are trying to abuse the site for illegal activities.  In that case, we have the right to close their account and refuse their business.

We are willing to work with a client's lawyer to draft a bilateral TOS, but this is cost prohibitive so will be offered only to high-value clients.

Hope this helps,
     Keyur

PS: Removed the gray-on-green yesterday.


EDIT: Typo

LOL you can't seriously be that ignorant? Even the Chinese are more capitalist today than your good ol' land of the free and home of the brave US of A. Does having to mention compliance to the Patriot act provision in your FAQ sound American or free to you? Please..

If the quote is your company's view, not to mention you didn't address my comment on your down right vile TOS, I think I'll abstain myself from doing business with you and wait for another company that will offer some of the advanced trading options that you plan on providing. Thank you very much.

Hi Keyur,

I disagree.  I think the USA is the hardest, most dangerous, most regulated and most likely to have legal, shutdown, seizure or similar problems.

The legal aspects of trading of virtual (goods / currency / commodities) in the USA are mirky at best.  Free speech doesn't count for much with the very tough regulations for AML, investing, banking, money transfer, and general litigious environment.  Add in the possibilities of seizures with the Patriot Act and anti-terrorism claims puts the USA (in my books) as the absolute worst environment to base a virtual  (goods / currency / commodities) trading company. 

Just my opinion. 

I do however, honestly wish you the best and much success with your venture.

Nice site.

One thing I've noticed so far is your login message states incorrect Login id, best remove this and make it more ambiguous.

Also hoping you get the chance to facilitate international investors as well.

Elgaff, I respect your opinion about which country you choose to do business with. 

But I unequivocally believe that spirit of Free Speech and Free Enterprise are strongest in the United States.  I have full confidence in what we are doing.

Take care,
       Keyur