CoinJar - Australia's first VC-backed Bitcoin startup - page 3.

zhoutong

vip

Activity: 490

Merit: 502

Quote from: jubalix on December 11, 2013, 07:27:13 PM

Quote from: zhoutong on December 11, 2013, 06:51:09 PM

Quote from: jubalix on December 07, 2013, 08:04:02 PM

Warning: CoinJar Filler can take Bitcoin out of your CoinJar at any time.

whats this all about please explain?

CoinJar Filler is just an app for CoinJar. When you sell Bitcoin, you are not authorising a payment directly in your wallet, so you need to give CoinJar Filler authority to take Bitcoin out of your CoinJar. We obviously own both services so this is just a matter of explicit consent.

You won't be charged anything if you don't place a sell order.

my concern is "at any time"

does this mean say I had 1 btc in coinjar, you could just come and take that so meet some other short term supply demand....?

also when you say wallet you you mean my coin jar wallet?

This phrase describes what CoinJar Filler can technically do by the establishment of the billing agreement. We won't do that.

If you replace "CoinJar Filler" with "SomeRandomApp", the same phrase should make sense to you. It's like giving out your credit card number to a merchant, who can really take money from you "at any time".

jubalix

legendary

Activity: 2632

Merit: 1023

Quote from: zhoutong on December 11, 2013, 06:51:09 PM

Quote from: jubalix on December 07, 2013, 08:04:02 PM

Warning: CoinJar Filler can take Bitcoin out of your CoinJar at any time.

whats this all about please explain?

CoinJar Filler is just an app for CoinJar. When you sell Bitcoin, you are not authorising a payment directly in your wallet, so you need to give CoinJar Filler authority to take Bitcoin out of your CoinJar. We obviously own both services so this is just a matter of explicit consent.

You won't be charged anything if you don't place a sell order.

my concern is "at any time"

does this mean say I had 1 btc in coinjar, you could just come and take that so meet some other short term supply demand....?

also when you say wallet you you mean my coin jar wallet?

zhoutong

vip

Activity: 490

Merit: 502

Quote from: jubalix on December 07, 2013, 08:04:02 PM

Warning: CoinJar Filler can take Bitcoin out of your CoinJar at any time.

whats this all about please explain?

CoinJar Filler is just an app for CoinJar. When you sell Bitcoin, you are not authorising a payment directly in your wallet, so you need to give CoinJar Filler authority to take Bitcoin out of your CoinJar. We obviously own both services so this is just a matter of explicit consent.

You won't be charged anything if you don't place a sell order.

jubalix

legendary

Activity: 2632

Merit: 1023

Warning: CoinJar Filler can take Bitcoin out of your CoinJar at any time.

whats this all about please explain?

ojm

newbie

Activity: 13

Merit: 0

Quote from: alikim on December 03, 2013, 10:55:39 AM

To see this, do you need to send coins to them first?

Also, can you please tell me what is that bank account verification procedure?

To buy BTC, I had to provide photo ID and proof of address (well first few purchases I didn't, but they have changed policy: http://blog.coinjar.io/2013/08/19/identification-requirements-deposit-limits/ ).

Also, for withdrawing, they have this blog article: http://blog.coinjar.io/2013/11/25/selling-and-withdrawing-with-coinjar/

Quote from: ArcticWolf on December 05, 2013, 04:25:11 AM

To get the current spot price I just go to coinjar and click "Filler" at the top - that takes you to the spot prices. You have to sign up to get a quote - I dont think you have to send coins to get a quote, but Im not 100% sure on that point.

You just need to sign-up to get prices, no need to deposit. They want you to buy, so need to see prices before you can buy.

ArcticWolf

full member

Activity: 196

Merit: 100

Quote from: alikim on December 04, 2013, 08:30:36 PM

Quote from: ninjaboon on December 04, 2013, 12:22:48 AM

Quote from: alikim on December 03, 2013, 10:55:39 AM

It's very hard to say without subscribing to your website and sending coins, how much exactly I get from you for 1 coin in AUD at any given time.

All sites that buy coins in AU basically say it on the first page, like $1234 + 5% and do not require any subscription, you just fill in your bank details, get a quote - before sending coins - and then send coins if you're happy.

Your service for selling coins seem to be very unclear and unnecessarily complicated.

so those other sites did not collect AML or KYC documents?

Not for selling for sure, I've never bought coins in my life so can only talk about selling, you can google "sell bitcoin Australia" and see for yourself, normally it's just one page where as I said you first get a quote for the desired amount, then fill in your email and Australian bank details, that's it. I'm no expert but I believe they operate legally and some of them do it for a long time, so demanding anything more than that simple interface seems unreasonable.

To get the current spot price I just go to coinjar and click "Filler" at the top - that takes you to the spot prices. You have to sign up to get a quote - I dont think you have to send coins to get a quote, but Im not 100% sure on that point.

alikim

member

Activity: 80

Merit: 11

Quote from: ninjaboon on December 04, 2013, 12:22:48 AM

Quote from: alikim on December 03, 2013, 10:55:39 AM

It's very hard to say without subscribing to your website and sending coins, how much exactly I get from you for 1 coin in AUD at any given time.

All sites that buy coins in AU basically say it on the first page, like $1234 + 5% and do not require any subscription, you just fill in your bank details, get a quote - before sending coins - and then send coins if you're happy.

Your service for selling coins seem to be very unclear and unnecessarily complicated.

so those other sites did not collect AML or KYC documents?

Not for selling for sure, I've never bought coins in my life so can only talk about selling, you can google "sell bitcoin Australia" and see for yourself, normally it's just one page where as I said you first get a quote for the desired amount, then fill in your email and Australian bank details, that's it. I'm no expert but I believe they operate legally and some of them do it for a long time, so demanding anything more than that simple interface seems unreasonable.

ninjaboon

legendary

Activity: 2128

Merit: 1002

Quote from: alikim on December 03, 2013, 10:55:39 AM

It's very hard to say without subscribing to your website and sending coins, how much exactly I get from you for 1 coin in AUD at any given time.

All sites that buy coins in AU basically say it on the first page, like $1234 + 5% and do not require any subscription, you just fill in your bank details, get a quote - before sending coins - and then send coins if you're happy.

Your service for selling coins seem to be very unclear and unnecessarily complicated.

so those other sites did not collect AML or KYC documents?

alikim

member

Activity: 80

Merit: 11

Quote from: ojm on December 03, 2013, 04:53:34 PM

Quote from: alikim on December 03, 2013, 10:55:39 AM

It's very hard to say without subscribing to your website and sending coins, how much exactly I get from you for 1 coin in AUD at any given time.

It's very easy once logged in.

To see this, do you need to send coins to them first?

Also, can you please tell me what is that bank account verification procedure?

Gyrsur

legendary

Activity: 2856

Merit: 1520

Bitcoin Legal Tender Countries: 2 of 206

wow, 2% and 1.1% are nearly Bitcoinica spread fees of arround 10% Grin

ojm

newbie

Activity: 13

Merit: 0

Quote from: alikim on December 03, 2013, 10:55:39 AM

It's very hard to say without subscribing to your website and sending coins, how much exactly I get from you for 1 coin in AUD at any given time.

It's very easy once logged in.

http://i.imgur.com/cTPvS6U.png

alikim

member

Activity: 80

Merit: 11

It's very hard to say without subscribing to your website and sending coins, how much exactly I get from you for 1 coin in AUD at any given time.

All sites that buy coins in AU basically say it on the first page, like $1234 + 5% and do not require any subscription, you just fill in your bank details, get a quote - before sending coins - and then send coins if you're happy.

Your service for selling coins seem to be very unclear and unnecessarily complicated.

ojm

newbie

Activity: 13

Merit: 0

Australian Bitcoin Exchange CoinJar Gets A$500,000 in Venture Funding

http://www.coindesk.com/australia-bitcoin-exchange-coinjar-venture-funding/

Quote

Melbourne, Australia-based startup CoinJar announced it will receive “Australia’s first major bitcoin investment”, signing a deal with local venture capital firm Blackbird Ventures to the tune of A$500,000 (US$455,000). The money will come from a group of individual investors with years of technology and startup experience.

CoinJar, founded in February 2013 by local entrepreneurs Asher Tan and Ryan Zhou, is a bitcoin buy/sell exchange and online wallet service with a clean and simple interface that allows customers to link certain bank accounts for direct transfers in and out of the system. It has also developed an iPhone app available internationally and CoinJar Checkout, a payment processing system for merchants with daily transfers from bitcoin to local fiat currency.

ScammerZhouTong

newbie

Activity: 33

Merit: 0

bernard75

legendary

Activity: 1316

Merit: 1003

Werent you involved with Bitcoinica? Cool

ArcticWolf

full member

Activity: 196

Merit: 100

I have personally been using Coinjar to buy and sell bitcoins for the last 6 months. I dont use is as an online wallet, and if you do you should only keep a small amount on it.
That being said, buying and selling on coinjar is very easy, and I have never waited more than 48 hours for a deposit to arrive from a sale, or for my money to be credited to my coinjar.
As soon as you have bought BTC move them to an offline wallet. Simple.

Gyrsur

legendary

Activity: 2856

Merit: 1520

Bitcoin Legal Tender Countries: 2 of 206

welcome back zhoutong! wish you many new friends.

"Australia's first VC-backed Bitcoin startup" must not mean it is good per definition. Roll Eyes

Quote from: zhoutong on October 21, 2013, 06:43:56 AM

...the best and most beautiful Bitcoin wallet designed for iOS devices.

sounds like you learned not much in this past year of grow up.

your new bitcoin related project is a direct competitor to inputs.io (Australia) and inputs.io was hacked a few weeks ago. surprise, surprise! Roll Eyes

Quote

Ryan is a veteran entrepreneur and Bitcoin guru. Technically and commercially adept, he’s founded several successful startups and remains a prominent figure in the Bitcoin community.

Bitcoin guru? maybe...

Remains a prominent figure in the Bitcoin community? definitely... in touch with the Bitcoinica desaster and personal drama of many bitcointalk.org users.

Rodyland

hero member

Activity: 499

Merit: 500

Quote from: maskielli on November 23, 2013, 05:30:36 PM

Is coinjar back up and running properly? I was about to make my first deposit but this thread made me hesitate. What would be the next best site for an Australian to purchase BTC, I dont want to solely rely on Coinjar in the future.

The only problem I've had with coinjar is slow deposits. A friend had a problem with a slow order fill (all day) during the crash earlier in the week.

I use bitpiggy as well as coinjar.

maskielli

newbie

Activity: 6

Merit: 0

Is coinjar back up and running properly? I was about to make my first deposit but this thread made me hesitate. What would be the next best site for an Australian to purchase BTC, I dont want to solely rely on Coinjar in the future.

Rodyland

hero member

Activity: 499

Merit: 500

Quote from: BitHub on November 18, 2013, 01:44:51 AM

I'm worried if we're going to see the same thing here as with bitconica scam.

I am getting very nervous i wish i never signed up and deposited $400

I have already written it down as a loss.

Nab to Nab since friday, no idea why its still not in my account.

If not in soon i will personally fly down to melbourne to visit their office to find out where is my money (no threat)

sort it out guys this is ridiculous.

NAB to NAB deposit made Thursday, credited Sunday. I would expect you would see yours tonight or tomorrow. Have you raised a support ticket - I did, and did eventually get a response.

Topic: CoinJar - Australia's first VC-backed Bitcoin startup - page 3. (Read 39150 times)