Mt.Gox is the real winner here... dat 0.6% fee...

thefiniteidea

hero member

Activity: 509

Merit: 564

"In Us We Trust"

Quote from: q6m on March 06, 2013, 10:36:28 PM

And they don't deserve a single bit of it.

Coinlab is probably rethinking that partnership...

Quote from: chriswilmer on March 06, 2013, 10:24:18 PM

Today is the day the bitcoin community traded so much that everyone ended up giving their bitcoins to Mt.Gox.

nahh, coinlab and gox love this.

With FINRA regulated, FDIC insured Silcon Valley Bank, they can get all the wealthy american money just waiting on the sidelines for a safe medium of exchange.

they said it themselves, and just look at coinlab's website; it is being catered to buying millions of Bitcoins lol...

Herodes

hero member

Activity: 868

Merit: 1000

Quote from: chriswilmer on March 06, 2013, 10:24:18 PM

Today is the day the bitcoin community traded so much that everyone ended up giving their bitcoins to Mt.Gox.

Not everyone has 0.6% fee, here's more information:
https://bitcointalksearch.org/topic/mtgox-trading-fees-is-a-revision-due-144558

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

Paging Interactive Brokers.

MatthewLM

legendary

Activity: 1190

Merit: 1004

Somebody please make a decent exchange with free UK bank transfers. Bank transfers is where the costs become a joke.

paraipan

legendary

Activity: 924

Merit: 1004

Firstbits: 1pirata

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

This is probably a good thing. The more of us that move to other exchanges, the better. The less the volatility and the more diversified the market.

EuSouBitcoin

sr. member

Activity: 490

Merit: 251

Quote from: Qoheleth on March 06, 2013, 11:33:24 PM

Quote from: EuSouBitcoin on March 06, 2013, 10:53:38 PM

Bitfloor

I was really excited about those guys, and was considering moving there.

Then they got hacked and were down for months.

How do I know it won't happen again?

You don't know that. But then again you don't know that Mt Gox won't be hacked in the future either. It's a judgement call. I think you have to consider all variables: fees, ways of moving USD, interface, likelyhood of being hacked, etc and then decide where you want to trade. Plus you can trade at both at the same time to see which one you like better.

EuSouBitcoin

sr. member

Activity: 490

Merit: 251

Quote from: Chalkbot on March 06, 2013, 10:54:46 PM

Quote from: EuSouBitcoin on March 06, 2013, 10:53:38 PM

I'm trading more and more at BitFloor and less and less at Mt Gox for 3 reasons
1) at BitFloor at I receive 0.1% for adding liquidity to the order book. At Mt Gox I PAY 0.43%. A difference of 0.53%. HUGE!
2) BitFloor's software and responsiveness is 10 times better than Mt Gox
3) I can transfer USD between BitFloor and my bank account much faster than between Mt Gox and my bank account

Can I use my Yubikey there?

No, but you can use Google Authenticator which I use and highly recommend.

Enigma81

full member

Activity: 180

Merit: 100

GRRRRRRRRRRRRRRRRRRRRRRRRRRR

MTGOX.COM
An unexpected error has occured. Please try again later.

It's not unexpected when you are running a multi-million dollar trading business on the equivalent of a Commodore 64 / Apple II-E

Gox: Upgrading is hard
Me: I don't care. Just Like I didn't care that it was 'Hard' to move all of my identity confirmation info from one system to another. Poor you.

This is INSANE. Moving Coins to BitFloor and BitStamp ASAP.

Qoheleth

legendary

Activity: 960

Merit: 1028

Spurn wild goose chases. Seek that which endures.

Quote from: EuSouBitcoin on March 06, 2013, 10:53:38 PM

Bitfloor

I was really excited about those guys, and was considering moving there.

Then they got hacked and were down for months.

How do I know it won't happen again?

Chalkbot

legendary

Activity: 896

Merit: 1001

Quote from: EuSouBitcoin on March 06, 2013, 10:53:38 PM

I'm trading more and more at BitFloor and less and less at Mt Gox for 3 reasons
1) at BitFloor at I receive 0.1% for adding liquidity to the order book. At Mt Gox I PAY 0.43%. A difference of 0.53%. HUGE!
2) BitFloor's software and responsiveness is 10 times better than Mt Gox
3) I can transfer USD between BitFloor and my bank account much faster than between Mt Gox and my bank account

Can I use my Yubikey there?

EuSouBitcoin

sr. member

Activity: 490

Merit: 251

I'm trading more and more at BitFloor and less and less at Mt Gox for 3 reasons
1) at BitFloor at I receive 0.1% for adding liquidity to the order book. At Mt Gox I PAY 0.43%. A difference of 0.53%. HUGE!
2) BitFloor's software and responsiveness is 10 times better than Mt Gox
3) I can transfer USD between BitFloor and my bank account much faster than between Mt Gox and my bank account

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: jwzguy on March 06, 2013, 10:25:58 PM

You'd think that for that ~~.6%~~ 1.2% of millions of dollars, they'd get their software and servers up to snuff.

This is ridiculous.

They don't actually have a matching engine. They secretly outsourced order processing to Foxconn, who makes their employees match bids and asks by hand during their lunch break.

arruah

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Merit: 1004