Topic: Intersango exchange (formerly Britcoin) - page 18. (Read 75373 times)

Also BTC deposits aren't being verified (has 75 confirmations) and their support system is showing an internal server error .

ChrisB.

Placing an order likewise.

yup, not just you.

edit: no transactions since about 11PM last night either, so i guess it is stuffed for everyone.

I keep getting error message when viewing or trying to cancel an order, is anyone else having this problem?

Two payments arrived this morning, totalling £32. Thanks!

Strange - happened to me twice. Maybe genjxi was updaten somethin so it took that long. Thanks for your answers, though

I don't see these issues.  Once you pay your money into britcoin, click refresh on your 'deposit' page and you should see britcoin issue you a new public key - this means that britcoin has seen the transaction.  If this is taking a long time it might be an issue with you pushing the transaction to the p2p network.  After this, I count 6 transactions and it appears in 'Verifying' then it usually takes about 10 mins to actually appear.  At the current difficulty, the network is doing about 10 blocks an hour so not taking more than 45 mins for the whole thing... once the difficulty goes up on Wednesday, expect for it to take over an hour.

Will

Never had that problem. I deposited last night, and the BTC were showing in my Britcoin account about ~20 seconds after getting the 6 confirmations.

just being curious - to me it looks like depositing BTC @ britcoin takes pretty long (around 3 hours). It says it takes 6 confirmations berofre BTC get credited to your account. When I do a trade on my own Bitcoin account I get to 6 confirmations within a good hour. Any idea why it always takes so long at Britcoin?

Looks like an upload of new version of software with the permissions/uid left as rsync left them (I've done this myself a few times).

Site is down. What's up?

We cannot cash out to banks if it is not during bank operation hours. Mon-Fri. We will be trying to do daily withdraws and in enough time so that you receive your funds the first or next day. If you do not receive your funds by Tuesday 5PM, please email

I've had a transfer to my bank account listed as "Verifying" for just over a day now. Any idea how long before this will go through?

Many Thanks.

Please do not send Bitcoins to the old address. It is making the accounting more difficult.

bxor, we have now responded to every email now.

As for how the trades are processed. It is exchange at the price that you put in and then worked backwards. It is not the most ideal or efficient manner but it is still fair and there are no funds missing. This is something we will be changing soon however.

I've done a few trades this evening; and it's not exactly as I say, but nor is it trading exactly as genjix says.

Far too many of my trades that would need multiple offers to meet go through and I end up with both halves of mine matching.  It should be incredibly rare for that to happen; so something is definitely a bit screwy.

I'm sure it's not malicious, but it certainly feels "odd", if not buggy.

They're really busy moving the site. It will turn up.

Look at it this way, if you'd bought earlier this week, by now you could have potentially lost a fortune! Now the only way is back up!

Has anyone made deposit through TransferWise? I transfered my money to TW on May 23rd and they confirmed that it has been sent to Lloyds on May 25th. Still can't see anything on my balance . I'm also using Google to log in because OpenID didn't work for some reason. I sent an email to [email protected] on Tuesday but haven't got any reply yet.

The way Britcoin works is unusual. Infact the way all Bitcoin exchanges work is damn unusual. There's no real market depth screens, instead long lists of buys and sells whcih is difficult to read, unlike any trading system I've seen.

The process of putting in an order on bitcoin is also a little complicated. On every exchange I've seen and used (admittedly Equties, not FX), you put in a quantity and a max/min price per unit (not order total - that's usually calculated - after all, you mainly care about the price you buy a share/currency unit).

So in your case, SL 50 @ min £11. You're order would go to the top of the order book on the SL side and cross with a BY order. You'd match at the max of they BY side. Now, this is where it gets a little convoluted. Britcoin is not a realtime trading system as far as I can tell - it saves orders and then processes the orderbook rather than processing the incoming order against the orderbook. So momentarily, you get a SL which is less than a BY appearing in the Orderbook. Then the cron job which looks like runs Britcoin will process the orders. I suspect (and I still need to look at the code) depending on the order which it does this, it looks like one side will get priority. This seems massively flawed.

All that said, Britcoin is an excellent service. I've not found anything better than it and I'll continue to use it.

I've just done a check and what I said is true.

I put an order in to sell 50 BTC for 550 GBP.  And I got exactly that.  Even though there were higher bids pending...


It's just not possible with these bids available that I would get exactly 550 GBP for 50 BTC.  Something is wrong with the engine on britcoin.  All of these offers should have been used up first before my order reached a price of 11.

Thanks Snaz! The last time I looked I was a lady, though but who's counting

Amir sorted it all out. Not sure what went wrong though. I did send the reference properly. I triple-checked everything at the bank.

I put in my first order. I had no idea you could buy partial bitcoins though. Now I have to go off and learn how to store them and everything.

I'll be back with more noob questions any minute...

Hmm. I wonder how a government would go about shutting down a private currency?