Topic: Forex Broker - Trader's Way Free Bitcoin Deposit/Withdrawal - page 3. (Read 11523 times)

Armando,

When you decide to withdraw, we will ask that you withdraw your original deposit back to your PayPal account. You will then be free to withdraw your profits however you'd like. You may withdraw your profits to PayPal or Bitcoin. We just require that the deposited amount is withdrawn back to PayPal first as our services cannot be used to convert PayPal to Bitcoin, etc.

Regarding registration -- we are located in Dominica which does not require us to register with a regulator. However, this does not mean we don't always strive to do the right thing. You will find that we honor every single withdrawal request regardless of the amount as we do indeed send orders through to the banks and liquidity providers. Your loss is not our gain.

Because we need not register with FinCEN or the like, we are able to offer our US clients the ability to hedge positions, trade with higher leverages and to close their positions in any order they choose (no FIFO nonsense). Our clients from the United States and Canada can trade under the very same conditions as the rest the world -- the way that it should be in my opinion. I recommend that you start with a small deposit, test out our services and withdrawal processes and gradually work your way up. This will help instill confidence in you that we do indeed operate in the same manner as regulated brokers (and honestly, better in many cases).

Hopefully that answers your questions. We look forward to working with you in the near future. When you sign up with us you will get a welcome email from me so we can continue any correspondences via email.


Regards,
Joe Carney

After I will make a deposit using Paypal, will I be able to withdraw only to PP? Or there will be an option to withdraw cryptos as well?

PS: You mentioned that you accept US clients, but I could not find any information about your FinCEN registration. Did I missed something?

PayPal payments are now available via the Private Office! Once you make a PayPal deposit, your trading account will instantly be credited at any time of the day.

Further, all deposits via any of our payment options are free through the end of the year. So hurry up and make a deposit within the next two days to take advantage of the promotion we have been running for the past two weeks!

The price the customer receives is the price when the manager in the Payments Department goes and purchases the Bitcoin. We do not guarantee any price based on any method. We don't record the price when the customer confirms the withdrawal request. We buy the Bitcoin usually within 12 hours on a business day but it can take up to 24. Deposits and Withdrawals open up the client to exchange rate risk. We do not ourselves to be open to this risk as we only deal with USD and EUR.


Hope this answers your question.


JC

What measures does your company have in place to buy bitcoins at the prevailing btce market price when a customer confirms a bitcoin withdrawal since delivery of btc can take 24 hours?

What bitcoin price does the customer receive when requesting btc withdrawals?
A. Market price at time of request
B. Market price at bitcoin transfer ( blockchain registers the transaction) within 24 hour window
C. Daily BTC average price ( Hi+Low/2)
D. Other

fuzzbuzz,

For the security of our clients, all withdrawals are processed manually. Bitcoin withdrawals are processed within 24 hours (you will find that they will usually be processed between 6 and 18 GMT. We had a client whose email address was hacked and someone tried to make a withdrawal via Bitcoin from his account. However, because of our security systems, we noticed this and got in touch with the client. We had him move over to a Gmail account and use 2-step authentication. Therefore, we need to be absolutely certain that no one is trying to take advantage of the anonymity of Bitcoin by stealing funds from others, so we need to do all withdrawals manually just to be 100% sure of everything.


Hope this helps,
Joe Carney

How long does it take to complete a bitcoin withdrawal? Does your api buy bitcoins from btce instantly when customer confirms withdrawal?

We are now accepting PayPal payments! Currently we do not have PayPal implemented on our website, but we are ready and able to take these payments manually and credit your account accordingly. Just got our first client to deposit $1500 via PayPal and had his account credited within 5 minutes, along with a deposit bonus.

You can email me directly as the email address below my username to the left with the code "BTCTALKPP2014" and you will get a 1% discount off of your PayPal deposits through the end of 2014.

Our efforts to improve our clients' services are never ending, as this week we have launched our new Private Office area for clients to manage all of the Live and Demo accounts, Partnership (affiliate) account, funds and all of their personal information.

The improvements, aside from the aesthetics, are geared toward a more user-friendly experience which allows clients to perform tasks with a lot less navigation. Everything is now in one place and not segregated into multiple tabs like before. I have attached a screenshot for you to see:

Just wanted to give you guys the insider information -- just got a corporate account opened with PayPal so we should have that option implemented shortly! Will post again to let you know as soon as it is done!

We are pleased to announce that 1:500 leverage is now available for all accounts with balances up to 10,000 USD and 1:200 leverage - up to 50,000 USD. Accounts below $1,000 can still enjoy 1:1000 leverage. 

capoeira,

When you deposit Bitcoin at our brokerage the process is entirely handled by our API system which we have developed and tested thoroughly. You send Bitcoin to our wallet and it is automatically sold at the current market price at BTC-e. Then we credit your account in either USD or EUR (depending on your account type) with the corresponding amount that we have received as a result of the sale. I mentioned earlier that we charge no fees for deposits nor withdrawals via Bitcoin. We do not add any artificial spread or anything of the sort as in my opinion, that is equivalent to charging a fee. We kept the process simple -- whatever your coins sell for on the open market is exactly what you receive in your trading account. We sell your coins on the BTC-e exchange as soon as we receive them from you.

My suggestion would be to avoid sending Bitcoin deposits during the weekend as the spreads on the various Bitcoin exchanges are a bit higher during that time.


Hope this clears everything up for you,
JC

thanks Joe,

a BTC-dominated isn't realy someting a serious forex trader expects, I think....at least not me.
what is insteresting for us is depositing and withdraw.

but I have to ask one iportant thing, which, besides your detailed answer, isn't realy cler to me, yet:
when we deposit at your broker (and vice versa), you will credit $s equal to BTC-E price (or their spread), or is there any artificial spread you use? And is the conversion automaticly?

capoeira,

Thank you for your message. Our brokerage does not offer a BTC based account due to the high volatility of both the Bitcoin Market and FOREX in general.

We offer Bitcoin deposits and withdrawals and charge no fees for any Bitcoin transfers. We buy/sell the Bitcoins at the prevailing market price at BTC-e when the customer deposits/withdraws.

Please also mention that we accept clients from the United States and are able to offer them the same trading conditions as everyone else -- the way it should be.

Hope this helps,
Joe Carney

I just recieved a PM regarding my thread, sugesting to include your broker to the list: https://bitcointalksearch.org/topic/trading-forex-with-bitcoin-depositwithdraw-716530

first question, in order to include your broker in the right place of the list:
deposit/withdraw and trade on BTC-based account?
BTC deposit/withdraw only?
BTC deposit only?

Is there a minimum I must deposit?   

Alright, please email me at the address below my username if you have any questions. Or post here if you'd like to share your concerns with the community as you may not be the only one with that question.

Here at Trader's Way we strive to offer the best conditions to our clients. It is through a mutually beneficial relationship between us that we can achieve the most success. If you haven't already, please take a moment to become our partner and get paid for the trades your clients make. All you have to do is refer new traders to our site. When they open a live account and trade, you get paid!

Here's how:

    1. Open a Real account
    2. Verify your account
    3. Go to the Private Office and press the “Become a partner” button
    4. You will get your Partner code and a new tab in the Private Office called "Partner Office"
    5. You can use this code in personal web-links anywhere you want (on your website, on forums, ads, brochures, etc.)
    6. Traders who come to our website through these links will automatically become your clients - you will get commissions from their deals

At the end of every trading day, your partner account will be credited a portion of the commissions from your clients' trades! This money can either be transferred to your trading account or paid out to you via Skrill, Payza or Bitcoin. Please visit the link below and see the "Agent" option for more information.

Partnership

ok thank you.
I will be trying out Oanda first and see if the lower leverage actually effects me. I have mined a few BTC so far but want to wait until its value goes up before I would think of depositng.

My email address is now visible below my username in case anyone has inquiries.