Bitcoin Forum>Economy>Economics>Speculation
Pages:
Author

Topic: Next sudden volume increase: Bitstamp (Read 4196 times)

Equilux
sr. member
Activity: 353
Merit: 251
Next sudden volume increase: Bitstamp
June 17, 2012, 09:37:48 AM
#28
Quote from: hazek on June 15, 2012, 01:35:22 PM
Quote from: Equilux on June 14, 2012, 07:09:55 AM
So how does this work? I deposit Euro's, they automaticly convert them to Dollars? (for free???) And I then buy bitcoins?

This is what they have in their FaQ:

Quote
How long does deposit usually take?

A bank wire transfer typically takes 2-5 business days to reach our account. SEPA deposits must go through additional step of converting funds to USD, which can in some cases delay deposit for additional day. International deposits are processed and credited right upon receiving.

Who pays the withdrawal fee?

Not regarding to withdrawal method, a fee will be displayed before executing the withdrawal and deducted from amount. SEPA withdrawals are charged with fixed 0.90€ fee once your funds are converted to EUR. Minimum amount for SEPA withdrawal is $10.00. International withdrawals are charged with 0.09% fee, minimum fee is $15.00. Minimum amount for international withdrawal is $50.00.

How long does withdrawal usually take?

SEPA zone transfers usually take 2-3 business days. For clients outside SEPA zone it takes up to 5 business days.

Thanks, I didn't read their FaQ very carefully, but just a 0.90 fixed withdrawal-fee seems awesome, I'll definately check this out.
apetersson
hero member
Activity: 668
Merit: 501
Re: Next sudden volume increase: Bitstamp
June 15, 2012, 06:46:03 PM
#27
they use these rates for conversion eur->usd:
http://www.unicreditbank.si/tecajna_lista/?t=1&id_menu=&language=ENG

i tried to lobby them to switch their whole market to eur, since they recieve mostly euro payments. usd seems mainly to be there for easier arbitrage, which provides some liquidity.
imo, this is not perfect, since the real market is basically in eur. arbitrageurs will come anyways..
hazek
legendary
Activity: 1078
Merit: 1003
Re: Next sudden volume increase: Bitstamp
June 15, 2012, 01:35:22 PM
#26
Quote from: Equilux on June 14, 2012, 07:09:55 AM
So how does this work? I deposit Euro's, they automaticly convert them to Dollars? (for free???) And I then buy bitcoins?

This is what they have in their FaQ:

Quote
How long does deposit usually take?

A bank wire transfer typically takes 2-5 business days to reach our account. SEPA deposits must go through additional step of converting funds to USD, which can in some cases delay deposit for additional day. International deposits are processed and credited right upon receiving.

Who pays the withdrawal fee?

Not regarding to withdrawal method, a fee will be displayed before executing the withdrawal and deducted from amount. SEPA withdrawals are charged with fixed 0.90€ fee once your funds are converted to EUR. Minimum amount for SEPA withdrawal is $10.00. International withdrawals are charged with 0.09% fee, minimum fee is $15.00. Minimum amount for international withdrawal is $50.00.

How long does withdrawal usually take?

SEPA zone transfers usually take 2-3 business days. For clients outside SEPA zone it takes up to 5 business days.
BTCurious
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
Re: Next sudden volume increase: Bitstamp
June 14, 2012, 11:44:50 AM
#25
The currency conversion fee is about 0.3%.
deepDown
newbie
Activity: 25
Merit: 0
Re: Next sudden volume increase: Bitstamp
June 14, 2012, 07:16:00 AM
#24
Quote from: Equilux on June 14, 2012, 07:09:55 AM
So how does this work? I deposit Euro's, they automaticly convert them to Dollars? (for free???) And I then buy bitcoins?

Yupp, pretty much.

I sent them some euros yesterday after working hours from Spain.
I got USD in my Bitstamp account this morning! And the EUR/USD conversion was pretty much what google gives me - very fair exchange rate.

Plus, they had some BTC for 5.81 on sale - so now I'm in Bitcoins Smiley

Overall - I am very satisfied so far.
Equilux
sr. member
Activity: 353
Merit: 251
Re: Next sudden volume increase: Bitstamp
June 14, 2012, 07:09:55 AM
#23
So how does this work? I deposit Euro's, they automaticly convert them to Dollars? (for free???) And I then buy bitcoins?
Raoul Duke
legendary
Activity: 1358
Merit: 1002
Re: Next sudden volume increase: Bitstamp
June 14, 2012, 06:14:26 AM
#22
Quote from: Technomage on June 14, 2012, 05:19:28 AM
Quote from: Seal on June 13, 2012, 10:51:02 PM
Is bitstamp USD only? It says it offers Euro and GBP withdrawals too?
Bitstamp uses USD for trading but it is probably used more by Europeans. SEPA deposits are free and SEPA withdraws are cheap as well (0.9 euros). There is the currency conversion but the rates are actually quite good, you won't lose much at all in the process.

Just be prepared to leave USD cents there as they only allow you to withdraw whole numbers and the minimum order you can put in the book is $1. So, if after selling you end up with something like $224.9 and they'll only let you withdraw $224 leaving you there with $0.9 that you can't even convert to bitcoin to withdraw.
At least not without you put more bitcoin there and do some gimmick envolving trading 2 times, making them earn fees with it.
Just a fair warning Wink
Technomage
legendary
Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
Re: Next sudden volume increase: Bitstamp
June 14, 2012, 05:19:28 AM
#21
Quote from: Seal on June 13, 2012, 10:51:02 PM
Is bitstamp USD only? It says it offers Euro and GBP withdrawals too?
Bitstamp uses USD for trading but it is probably used more by Europeans. SEPA deposits are free and SEPA withdraws are cheap as well (0.9 euros). There is the currency conversion but the rates are actually quite good, you won't lose much at all in the process.
SgtSpike
legendary
Activity: 1400
Merit: 1005
Re: Next sudden volume increase: Bitstamp
June 13, 2012, 11:10:45 PM
#20
I'm going to give bitfloor a shot, despite the terrible bid wall (or rather, 5% grade).  We'll see what happens.  I do like that they allow free direct withdrawals to ACH.  That's worth dealing with poor volume right there, rather than having to wait 20+ days to see my money after selling it through Gox.
Seal
donator
Activity: 848
Merit: 1078
Re: Next sudden volume increase: Bitstamp
June 13, 2012, 10:51:02 PM
#19
Is bitstamp USD only? It says it offers Euro and GBP withdrawals too?
dree12
legendary
Activity: 1246
Merit: 1077
Re: Next sudden volume increase: Bitstamp
June 13, 2012, 10:26:42 PM
#18
Quote from: notme on June 13, 2012, 09:43:45 PM
Quote from: nimda on June 13, 2012, 09:41:58 PM
Quote from: notme on June 13, 2012, 09:34:02 PM
Quote from: nimda on June 13, 2012, 09:23:55 PM
Quote from: notme on June 13, 2012, 05:59:52 PM
Quote from: SgtSpike on June 13, 2012, 05:30:34 PM
Quote from: EuSouBitcoin on June 13, 2012, 07:15:56 AM
I think BitStamp is a good choice for traders in Europe. For those in the US, I think BitFloor is a better option. The reason is how easy or difficult it is to send fiat currency to these exchanges. BitStamp offer SEPA for both deposits and withdrawals. BitFloor offers ING Direct P2P and PopMoney for deposits and ACH transfers for withdrawals.
I just wish Bitfloor had more volume...!

Chicken... meet egg.
Chicken, egg, meet bootstrap. Now fly!

Chickens don't have the proper physiology to fly more than a few feet.
They need to fly by "pulling themselves up by their bootstraps"... its the joke from which the term "bootstrap" as a verb originates.

Still, your proposing a very unsatisfactory trajectory for BitFloor if you you want to fly like a chicken.
It is a very satisfactory trajectory for BitFloor.
notme
legendary
Activity: 1904
Merit: 1002
Re: Next sudden volume increase: Bitstamp
June 13, 2012, 09:43:45 PM
#17
Quote from: nimda on June 13, 2012, 09:41:58 PM
Quote from: notme on June 13, 2012, 09:34:02 PM
Quote from: nimda on June 13, 2012, 09:23:55 PM
Quote from: notme on June 13, 2012, 05:59:52 PM
Quote from: SgtSpike on June 13, 2012, 05:30:34 PM
Quote from: EuSouBitcoin on June 13, 2012, 07:15:56 AM
I think BitStamp is a good choice for traders in Europe. For those in the US, I think BitFloor is a better option. The reason is how easy or difficult it is to send fiat currency to these exchanges. BitStamp offer SEPA for both deposits and withdrawals. BitFloor offers ING Direct P2P and PopMoney for deposits and ACH transfers for withdrawals.
I just wish Bitfloor had more volume...!

Chicken... meet egg.
Chicken, egg, meet bootstrap. Now fly!

Chickens don't have the proper physiology to fly more than a few feet.
They need to fly by "pulling themselves up by their bootstraps"... its the joke from which the term "bootstrap" as a verb originates.

Still, your proposing a very unsatisfactory trajectory for BitFloor if you you want to fly like a chicken.
nimda
hero member
Activity: 784
Merit: 1000
0xFB0D8D1534241423
Re: Next sudden volume increase: Bitstamp
June 13, 2012, 09:41:58 PM
#16
Quote from: notme on June 13, 2012, 09:34:02 PM
Quote from: nimda on June 13, 2012, 09:23:55 PM
Quote from: notme on June 13, 2012, 05:59:52 PM
Quote from: SgtSpike on June 13, 2012, 05:30:34 PM
Quote from: EuSouBitcoin on June 13, 2012, 07:15:56 AM
I think BitStamp is a good choice for traders in Europe. For those in the US, I think BitFloor is a better option. The reason is how easy or difficult it is to send fiat currency to these exchanges. BitStamp offer SEPA for both deposits and withdrawals. BitFloor offers ING Direct P2P and PopMoney for deposits and ACH transfers for withdrawals.
I just wish Bitfloor had more volume...!

Chicken... meet egg.
Chicken, egg, meet bootstrap. Now fly!

Chickens don't have the proper physiology to fly more than a few feet.
They need to fly by "pulling themselves up by their bootstraps"... its the joke from which the term "bootstrap" as a verb originates.
notme
legendary
Activity: 1904
Merit: 1002
Re: Next sudden volume increase: Bitstamp
June 13, 2012, 09:34:02 PM
#15
Quote from: nimda on June 13, 2012, 09:23:55 PM
Quote from: notme on June 13, 2012, 05:59:52 PM
Quote from: SgtSpike on June 13, 2012, 05:30:34 PM
Quote from: EuSouBitcoin on June 13, 2012, 07:15:56 AM
I think BitStamp is a good choice for traders in Europe. For those in the US, I think BitFloor is a better option. The reason is how easy or difficult it is to send fiat currency to these exchanges. BitStamp offer SEPA for both deposits and withdrawals. BitFloor offers ING Direct P2P and PopMoney for deposits and ACH transfers for withdrawals.
I just wish Bitfloor had more volume...!

Chicken... meet egg.
Chicken, egg, meet bootstrap. Now fly!

Chickens don't have the proper physiology to fly more than a few feet.
nimda
hero member
Activity: 784
Merit: 1000
0xFB0D8D1534241423
Re: Next sudden volume increase: Bitstamp
June 13, 2012, 09:23:55 PM
#14
Quote from: notme on June 13, 2012, 05:59:52 PM
Quote from: SgtSpike on June 13, 2012, 05:30:34 PM
Quote from: EuSouBitcoin on June 13, 2012, 07:15:56 AM
I think BitStamp is a good choice for traders in Europe. For those in the US, I think BitFloor is a better option. The reason is how easy or difficult it is to send fiat currency to these exchanges. BitStamp offer SEPA for both deposits and withdrawals. BitFloor offers ING Direct P2P and PopMoney for deposits and ACH transfers for withdrawals.
I just wish Bitfloor had more volume...!

Chicken... meet egg.
Chicken, egg, meet bootstrap. Now fly!
BTCurious
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
Re: Next sudden volume increase: Bitstamp
June 13, 2012, 06:08:32 PM
#13
Quote from: kangasbros on June 13, 2012, 05:23:20 PM
I have heard that bitcoin SEPA deposits and withdrawals take something like 1-2 days. That is awesome and requires mention.
This is true Smiley Except on mtgox, there they take 10 days or so.
notme
legendary
Activity: 1904
Merit: 1002
Re: Next sudden volume increase: Bitstamp
June 13, 2012, 05:59:52 PM
#12
Quote from: SgtSpike on June 13, 2012, 05:30:34 PM
Quote from: EuSouBitcoin on June 13, 2012, 07:15:56 AM
I think BitStamp is a good choice for traders in Europe. For those in the US, I think BitFloor is a better option. The reason is how easy or difficult it is to send fiat currency to these exchanges. BitStamp offer SEPA for both deposits and withdrawals. BitFloor offers ING Direct P2P and PopMoney for deposits and ACH transfers for withdrawals.
I just wish Bitfloor had more volume...!

Chicken... meet egg.
SgtSpike
legendary
Activity: 1400
Merit: 1005
Re: Next sudden volume increase: Bitstamp
June 13, 2012, 05:30:34 PM
#11
Quote from: EuSouBitcoin on June 13, 2012, 07:15:56 AM
I think BitStamp is a good choice for traders in Europe. For those in the US, I think BitFloor is a better option. The reason is how easy or difficult it is to send fiat currency to these exchanges. BitStamp offer SEPA for both deposits and withdrawals. BitFloor offers ING Direct P2P and PopMoney for deposits and ACH transfers for withdrawals.
I just wish Bitfloor had more volume...!
kangasbros
hero member
Activity: 812
Merit: 1006
Re: Next sudden volume increase: Bitstamp
June 13, 2012, 05:23:20 PM
#10
I have heard that bitcoin SEPA deposits and withdrawals take something like 1-2 days. That is awesome and requires mention.
BTCurious
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
Re: Next sudden volume increase: Bitstamp
June 13, 2012, 10:57:14 AM
#9
Quote from: EuSouBitcoin on June 13, 2012, 07:15:56 AM
I think BitStamp is a good choice for traders in Europe. For those in the US, I think BitFloor is a better option. The reason is how easy or difficult it is to send fiat currency to these exchanges. BitStamp offer SEPA for both deposits and withdrawals. BitFloor offers ING Direct P2P and PopMoney for deposits and ACH transfers for withdrawals.
Agreed, BitStamp is mainly a European market, even though it's listed in dollars. It has reasonably good connections with the USD market though, via mtgox coupon codes for example.
Pages:
Bitcoin Forum>Economy>Economics>Speculation
Jump to: