FYB-SG | Bitcointalksearch.org

Newar

legendary

Activity: 1358

Merit: 1001

https://gliph.me/hUF

PSA:

Quote

FYB-SG is ceasing operations
Due to our bank account closure, we are ceasing operations. Please login for more information.

Sad, to see this service go. Cry

Newar

legendary

Activity: 1358

Merit: 1001

https://gliph.me/hUF

Quote from: KornShell on November 29, 2013, 05:44:39 AM

Hey, Nagato ... is volume picking up with the November spike in the BTC price?

http://bitcoincharts.com/markets/fybsgSGD.html

KornShell

newbie

Activity: 42

Merit: 0

Hey, Nagato ... is volume picking up with the November spike in the BTC price?

Nagato

full member

Activity: 150

Merit: 100

Quote from: eyci on June 13, 2013, 11:21:26 PM

Nagato,

Regarding the new verification policies, was wondering what specific regulations are you being required to comply with? Have you been in contact with MAS regarding the status of Bitcoin? And if so could you describe their stance towards it?

Would like to understand the regulatory climate better, thank you.

eyci

You can read about it http://www.mas.gov.sg/regulations-and-financial-stability/regulations-guidance-and-licensing/payment-and-settlement-systems/payment-and-settlement-systems-finality-and-netting-act-2002/~/media/MAS/Regulations%20and%20Financial%20Stability/Regulations%20Guidance%20and%20Licensing/Payment%20and%20Settlement%20Systems/PSOA%20Notices/02%20%20PSOAN02%20Revised%20Notice%20to%20Holders%20of%20SVF%20Final.ashx

From my attempts to converse with MAS, i have been explicitly told that MAS basically adopts the "We exist to screw you if you are found to be not in compliance with any regulation, if you are looking for information/help with complying with our regulations, sorry not our problem, go find your own lawyer." (Words in quotes are my language, obviously they would phrase it in a more politically correct manner)

This whole attitude of the regulator existing to punish the lack of compliance but refusing to help companies with complying with their OWN regulations just stinks especially when you consider that they are funded by our very own tax dollars. A nice analogy is paying someone to beat you up under the pretext of being your bodyguard.

eyci

newbie

Activity: 20

Merit: 0

Nagato,

Regarding the new verification policies, was wondering what specific regulations are you being required to comply with? Have you been in contact with MAS regarding the status of Bitcoin? And if so could you describe their stance towards it?

Would like to understand the regulatory climate better, thank you.

eyci

Nagato

full member

Activity: 150

Merit: 100

Quote from: andrewsg on May 27, 2013, 01:26:31 PM

Is it possible to remove all the orders that do not have funds to cover them? The same issue existed on mtgox, it gives a false impression of market depth.

Also, any chance of adding a citibank bank account? Transfers would be instant and free.

Invalid Orders are pruned daily by the system so the order book is pretty accurate most of the time.

Current volumes don't even justify the costs of running the exchange, let alone supporting more bank accounts.
You may want to consider using the Cash deposit method if you want same day deposits.

ninjaboon

legendary

Activity: 2128

Merit: 1002

Quote from: andrewsg on May 27, 2013, 01:26:31 PM

Is it possible to remove all the orders that do not have funds to cover them? The same issue existed on mtgox, it gives a false impression of market depth.

Also, any chance of adding a citibank bank account? Transfers would be instant and free.

and how about adding a Maybank Singapore option too ?

andrewsg

full member

Activity: 154

Merit: 100

Is it possible to remove all the orders that do not have funds to cover them? The same issue existed on mtgox, it gives a false impression of market depth.

Also, any chance of adding a citibank bank account? Transfers would be instant and free.

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Quote from: KSV on May 26, 2013, 01:41:48 PM

Quote from: Nagato on April 10, 2013, 10:53:38 PM

Quote from: blackreplica on April 07, 2013, 03:03:58 PM

Congrats on starting the exchange. Sad to see the order book so thin though, thr bid/ask spread is just too far apart and way out of line from Gox prices.

I registered an account anyway. Got a stack of coins on Gox I may want to exchange for fiat one day and your exchange would be great for that purpose when your userbase grows (the fact this hasn't happened yet surprises me, isn't our country supposed to be one of the most tech savvy in the world? Or is everyone here content with just spewing cyber-BS on places like HWZ and SGForums)

Keep up the good work

Most Singaporeans are clueless about economics and the value of Bitcoin. Besides they have a "foolproof/safe" money making investment in property when the central bank/government are doing all they can to prop up the property bubble via money printing/immigration policies. Dow Jones has the Bernanke Put, our property market has the MAS/PAP Put.

the sad truth isnt it.

Unfortunately, this is the case there. Undecided

Meanwhile, the property prices continues to rise...

KSV

sr. member

Activity: 398

Merit: 250

SVERIGES VIRTUELLA VALUTAVÄXLING

Quote from: Nagato on April 10, 2013, 10:53:38 PM

Quote from: blackreplica on April 07, 2013, 03:03:58 PM

Congrats on starting the exchange. Sad to see the order book so thin though, thr bid/ask spread is just too far apart and way out of line from Gox prices.

I registered an account anyway. Got a stack of coins on Gox I may want to exchange for fiat one day and your exchange would be great for that purpose when your userbase grows (the fact this hasn't happened yet surprises me, isn't our country supposed to be one of the most tech savvy in the world? Or is everyone here content with just spewing cyber-BS on places like HWZ and SGForums)

Keep up the good work

Most Singaporeans are clueless about economics and the value of Bitcoin. Besides they have a "foolproof/safe" money making investment in property when the central bank/government are doing all they can to prop up the property bubble via money printing/immigration policies. Dow Jones has the Bernanke Put, our property market has the MAS/PAP Put.

the sad truth isnt it.

Nagato

full member

Activity: 150

Merit: 100

There is no minimum deposit atm.

poriks

member

Activity: 86

Merit: 10

Bitcoin is the future.

Quote from: Nagato on May 13, 2013, 08:29:34 PM

Once i receive your deposit, i usually credit within 24 hrs.

For Bitcoins, the withdrawal is instant if the server wallet has sufficient coins on hand.

What is the minimum deposit in SGD? Thanks.

Nagato

full member

Activity: 150

Merit: 100

Once i receive your deposit, i usually credit within 24 hrs.

For Bitcoins, the withdrawal is instant if the server wallet has sufficient coins on hand.

poriks

member

Activity: 86

Merit: 10

Bitcoin is the future.

@Nagato, how many hours from bank deposit will it appear on the account? Also, how many hours after bitcoin withdrawal? The site said withdrawal is manual.

Nagato

full member

Activity: 150

Merit: 100

Quote from: sagiko on April 22, 2013, 07:16:36 AM

I have tried a couple of trade and so far it looks good. I like the clean style for this exchange. One thing, I still want to change my password even with 2FA.

You can change password using the Forgot Password link. It will function regardless of having 2FA enabled/disabled.

sagiko

newbie

Activity: 58

Merit: 0

I have tried a couple of trade and so far it looks good. I like the clean style for this exchange. One thing, I still want to change my password even with 2FA.

Nagato

full member

Activity: 150

Merit: 100

Quote from: eyci on April 21, 2013, 02:44:21 AM

Hi. Would like to know, will there be support for automated trading? Also, is there any place to view the historic trade data? Thanks.

I don't intend to implement a trading API until volumes pick up.

You can view historic trade data on http://bitcoincharts.com/markets/fybsgSGD_trades.html , but there is a bug where occasionally some trades don't get listed or some get listed twice because of the way Bitcoincharts updates this info and FYB-SG trade ids are not always chronologically consecutive. If you need access to the correct trade history, send me an email or PM.

eyci

newbie

Activity: 20

Merit: 0

Hi. Would like to know, will there be support for automated trading? Also, is there any place to view the historic trade data? Thanks.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

A self moderated topic isn't the best thing.

ninjaboon

legendary

Activity: 2128

Merit: 1002

Quote from: Nagato on April 10, 2013, 10:53:38 PM

Quote from: blackreplica on April 07, 2013, 03:03:58 PM

Congrats on starting the exchange. Sad to see the order book so thin though, thr bid/ask spread is just too far apart and way out of line from Gox prices.

I registered an account anyway. Got a stack of coins on Gox I may want to exchange for fiat one day and your exchange would be great for that purpose when your userbase grows (the fact this hasn't happened yet surprises me, isn't our country supposed to be one of the most tech savvy in the world? Or is everyone here content with just spewing cyber-BS on places like HWZ and SGForums)

Keep up the good work

Most Singaporeans are clueless about economics and the value of Bitcoin. Besides they have a "foolproof/safe" money making investment in property when the central bank/government are doing all they can to prop up the property bubble via money printing/immigration policies. Dow Jones has the Bernanke Put, our property market has the MAS/PAP Put.

+11

Topic: FYB-SG (Read 4925 times)