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Topic: How are you suposed to do daytrading with Bitcoin.de? (Read 835 times)

newbie
Activity: 25
Merit: 0
I've only used bitcoin.de too so far Smiley

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you have to deposit money before you want to buy something
not in bitcoin.de

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Also, when you sell, the money gets on the exchange too, and then you can withdraw it (I guess). Am i correct? If this is like this, see the diference?
in bitcoin.de the money goes directly to you when you sell. The buyers sends via via bank to your account.

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The question is: In bitstamp, gox, bcte etc, when you sell btc,
I don't know, I never used them.

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So Bitcoin.de is useless for day trading as I expected, it's like localbitcoins.

maybe not. You can buy many times a day and sell many times a day, but there's a delay in receiving the money.
So you send it immediately (you have I think one hour) but receive it a few days later, so you are "out" with the money you trade for a while (because when you buy you don't own the BTC until the seller confirmed the fiat arrived and because when you sell you have to wait for the fiat)
In terms of pricing its fine though: you pay at the current rate, no delay with that.
sr. member
Activity: 322
Merit: 250
Yeah someone told me in the other exchanges you get your fiat deposited instantly on the broker
So Bitcoin.de is useless for day trading as I expected, it's like localbitcoins.
sr. member
Activity: 322
Merit: 250
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you give your IBAN to the seller and so I asume the money goes directly to my bank 3 days later via SEPA.
to the buyer you mean?

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If there isn't a way to have FIAT money ready for action on the exchange to capitalize on the ups and downs and buy/sell quick, what's the point? Isn't this just like Localbitcoins then?
if you want to buy NOW, you buy NOW and send Euros from your bank account to the seller NOW.
The fact that the money arrives to the seller in a few days does not matter, the price is defined the moment you buy.



I think I didn't explain it correclty.
I mean, in other exchanges (i've never used them tho) you have to deposit money before you want to buy something. So you have fiat money on the exchange to buy.
Also, when you sell, the money gets on the exchange too, and then you can withdraw it (I guess). Am i correct? If this is like this, see the diference?
Bitcoin.de is basically localbitcoins, there is no deposit of fiat there. The question is: In bitstamp, gox, bcte etc, when you sell btc, where does the money go? it goes directly to your bank, or it gets instantly deposited in your deposit on the site, then you withdraw it to your bank anytime you want? (just like you do with btc)
Man I don think if im being clear, english is not my first language.
newbie
Activity: 25
Merit: 0
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you give your IBAN to the seller and so I asume the money goes directly to my bank 3 days later via SEPA.
to the buyer you mean?

Quote
If there isn't a way to have FIAT money ready for action on the exchange to capitalize on the ups and downs and buy/sell quick, what's the point? Isn't this just like Localbitcoins then?
if you want to buy NOW, you buy NOW and send Euros from your bank account to the seller NOW.
The fact that the money arrives to the seller in a few days does not matter, the price is defined the moment you buy.

sr. member
Activity: 322
Merit: 250
Please I need a quick reply from anyone that knows how Bitcoin.de works
sr. member
Activity: 322
Merit: 250
So im reading the faq and it says you don't deposit money, you give your IBAN to the seller and so I asume the money goes directly to my bank 3 days later via SEPA.
If there isn't a way to have FIAT money ready for action on the exchange to capitalize on the ups and downs and buy/sell quick, what's the point? Isn't this just like Localbitcoins then?
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