I made a deposit on 21th July via SEPA transfer and still waiting for the funds at TH. Since that day I can only see in the TH dashboard that it is in pending status.
I have sent 3 or 4 mails to TH support since then and the only thing they can say to me is to wait. At this point I am really worried for my money.
Anybody here has the same problem ?
Topic: TradeHill - Now accepting EUR deposits - EUR market is live! - page 2. (Read 10033 times)
Only <10 days?
SEPA seems to be gone for a 50(!)USD per deposit "option" to have an "inexpensive, simple, and secure way" to fund our accounts. Free SEPA was free...
SEPA seems to be gone for a 50(!)USD per deposit "option" to have an "inexpensive, simple, and secure way" to fund our accounts. Free SEPA was free...
Quote
Depositing EUR is unfortunately not supported at this time
WTF!!!!! I was just about to deposit funds? What's up with this?!?!
I mailed them, let's hope they can convert them to USD or something.Quote
Depositing EUR is unfortunately not supported at this time
WTF!!!!! I was just about to deposit funds? What's up with this?!?!
Nicely done, guys... let's see if this gets things moving a bit.
It appears to have already driven the price up slightly
yay!--> Euro to BTC ; BTC to USD <--
Inter-account BTC transfers also now available!
While at Microsoft, our CTO was asked to code the transfer of the : ) to the
Adam
Nicely done, guys... let's see if this gets things moving a bit.
It appears to have already driven the price up slightly
yay!Well hopefully the prices will stay close between currencies and exchanges, I'm sure there are people that will make sure that happens but it may take a few days.
The idea and biggest benefit is that you won't lose on the conversion when you send it over.
Just completed my first SEPA trade on TH.
I must say I like the transparency.They show you the status of your withdrawal!
I'll post again when my money is in my Bank account.
I must say I like the transparency.They show you the status of your withdrawal!
I'll post again when my money is in my Bank account.
Thanks for the update! Please let us know how it goes. All feedback is welcome.
We believe the Euro is ready for it's own market.
Jered
Nicely done, guys... let's see if this gets things moving a bit.
It appears to have already driven the price up slightly
yay! 
Just completed my first SEPA trade on TH.
I must say I like the transparency.They show you the status of your withdrawal!
I'll post again when my money is in my Bank account.
I must say I like the transparency.They show you the status of your withdrawal!
I'll post again when my money is in my Bank account.
S. Matonis sounds like name of a person? Is there any connection with Jon Matonis from themonetaryfuture.blogspot.com?
Jon Matonis of the monetary future economics blog, has no signature authority over this or any other TradeHill deposit account.
In short: nope not his account.
This is just sad, but if you can see the obvious and needless problems with many separate small markets instead of one large I guess I'll just have to go back to MtGox when they fix their problem.
I respect your opinion but disagree on this one. There are few other things to consider.
There are people who would be interested in trading EUR but not USD.
If the US takes a hard stance on Bitcoin EUR trading could easily continue.
The EUR is the 2nd largest currency and a huge expansion for Bitcoin.
Without a doubt we would like to offer USD / EUR exchange on our site. At the very least an option to deposit via SEPA in USD or EUR.
It's not a matter of if we want to but the best way to go about it logistically and legally.
Jered
This is just sad, but if you can see the obvious and needless problems with many separate small markets instead of one large I guess I'll just have to go back to MtGox when they fix their problem.
Who is matonis, the EUR account holder? Is that a person or company?
It's a business account.
Finally some buyers in the sepa market!
What about getting rid of the "dead" currencies in the interface btw? (those without a way to pay in or get out money)
In the future I'd love to suggest that you just announce a date (could be for example on the 25.7. for the Euro) on which the market officially starts and ~1-2 weeks before open the deposit option (and display the currency in the interface). This would mean there is something to trade right from the beginning, people get anxious and put up first sell orders already and it will show how many currencies you really support (currently: CLP, EUR, LR (I guess USD?), USD, INR, AUD). I had to tell already quite a few people that it is NOT possible to get some british pounds for the holidays for example through Tradehill even though GBP is written there and you can also give sell orders.
In the future I'd love to suggest that you just announce a date (could be for example on the 25.7. for the Euro) on which the market officially starts and ~1-2 weeks before open the deposit option (and display the currency in the interface). This would mean there is something to trade right from the beginning, people get anxious and put up first sell orders already and it will show how many currencies you really support (currently: CLP, EUR, LR (I guess USD?), USD, INR, AUD). I had to tell already quite a few people that it is NOT possible to get some british pounds for the holidays for example through Tradehill even though GBP is written there and you can also give sell orders.
You brought up a really good point. Let me see what I can do about that right now.
GBP should be along soon. Also most likely in the future we will have a market maker lined up ahead of time so when we go live it will be fully functioning.
Edit: making the changes to take the currencies that aren't being traded down.
What about getting rid of the "dead" currencies in the interface btw? (those without a way to pay in or get out money)
In the future I'd love to suggest that you just announce a date (could be for example on the 25.7. for the Euro) on which the market officially starts and ~1-2 weeks before open the deposit option (and display the currency in the interface). This would mean there is something to trade right from the beginning, people get anxious and put up first sell orders already and it will show how many currencies you really support (currently: CLP, EUR, LR (I guess USD?), USD, INR, AUD). I had to tell already quite a few people that it is NOT possible to get some british pounds for the holidays for example through Tradehill even though GBP is written there and you can also give sell orders.
In the future I'd love to suggest that you just announce a date (could be for example on the 25.7. for the Euro) on which the market officially starts and ~1-2 weeks before open the deposit option (and display the currency in the interface). This would mean there is something to trade right from the beginning, people get anxious and put up first sell orders already and it will show how many currencies you really support (currently: CLP, EUR, LR (I guess USD?), USD, INR, AUD). I had to tell already quite a few people that it is NOT possible to get some british pounds for the holidays for example through Tradehill even though GBP is written there and you can also give sell orders.
Who is matonis, the EUR account holder? Is that a person or company?
It's a business account.
We want a distributed system with multiple exchanges etc we shouldn't all be using USD as the benchmark.
USD is the benchmark, and any attempt to create separate markets for each fiat currency will only create needless friction and arbitrage opportunities, and lower total liquidity. It's like self imposed protectionism. Your timing could have been perfect with Mtgox loosing their Euro option, and I even exchanged everything I had there to BTC yesterday and transferred it to your site to try it out. It's disappointing to see that it was useless because of the lack of a fundamental feature like this. I'm still hoping that you are just making excuses, and that the only reason why it's missing is that it is hard to implement.
We may add it soon. Technically it's not hard to implement. We want to be sure that we have sufficient funds on both sides of the Atlantic.
The Euro needs it's own market and this allows you to use SEPA without paying a fee to change to USD. We would like to offer both if possible.
separate markets for each fiat currency will only create needless friction and arbitrage opportunities, and lower total liquidity.
I don't see what this friction would be? More arbitrage opportunities means more liquidity not less.That's the way I see it as well. I see cross currency arb behaving similar to cross exchange arb. TradeHill and Mt Gox stay pretty close because of this. I see EUR and USD holding close as well because as soon as the gap widens someone jumps in and makes a profit. It will take a few days to ramp up as these deposits come in and get credited but after that it should be liquid enough.
Jered
We want a distributed system with multiple exchanges etc we shouldn't all be using USD as the benchmark.
USD is the benchmark, and any attempt to create separate markets for each fiat currency will only create needless friction and arbitrage opportunities, and lower total liquidity. It's like self imposed protectionism. Your timing could have been perfect with Mtgox loosing their Euro option, and I even exchanged everything I had there to BTC yesterday and transferred it to your site to try it out. It's disappointing to see that it was useless because of the lack of a fundamental feature like this. I'm still hoping that you are just making excuses, and that the only reason why it's missing is that it is hard to implement.You can trade USD on tradehill just fine and if you need USD, just pay out via a foreign currency transfer.
I will hopefully NEVER again have to trade in USD again (a currency which I currently try to get rid of as fast as possible, taking into consideration that there seem to be major issues currently cooking in the US) and would encourage anyone else too to just trade in your native currency (if available).
As a hint: the file hoster "uploaded.to" which is quite well known in Germany and the EU announced that they soon accept Bitcoin payments (~around next week). This alone could lead to a very substantial Euro <--> Bitcoin market - and having free SEPA wire transfers that are fairly fast helps too.
separate markets for each fiat currency will only create needless friction and arbitrage opportunities, and lower total liquidity.
I don't see what this friction would be? More arbitrage opportunities means more liquidity not less. We want a distributed system with multiple exchanges etc we shouldn't all be using USD as the benchmark.
USD is the benchmark, and any attempt to create separate markets for each fiat currency will only create needless friction and arbitrage opportunities, and lower total liquidity. It's like self imposed protectionism. Your timing could have been perfect with Mtgox loosing their Euro option, and I even exchanged everything I had there to BTC yesterday and transferred it to your site to try it out. It's disappointing to see that it was useless because of the lack of a fundamental feature like this. I'm still hoping that you are just making excuses, and that the only reason why it's missing is that it is hard to implement. I'm excited to watch this market grow.
Who is matonis, the EUR account holder? Is that a person or company? TradeHill is now accepting Euro deposits and withdrawals!
We will not be charging a fee for SEPA transfers. Incoming and outgoing transfers within the SEPA zone are both free.
Tell your friends in Europe and let the Bitcoin trading begin!
Follow this link for instructions and bank details:
https://www.tradehill.com/DepositOverview/EUR
Jered
We will not be charging a fee for SEPA transfers. Incoming and outgoing transfers within the SEPA zone are both free.
Tell your friends in Europe and let the Bitcoin trading begin!
Follow this link for instructions and bank details:
https://www.tradehill.com/DepositOverview/EUR
Jered
Excellent!
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