okpay bitcoin Coinmate.io

OKPay imposing anti-Bitcoin conditions on your GBP deposits

OKPay imposing anti-Bitcoin conditions on your GBP deposits submitted by iwilcox to Bitcoin [link] [comments]

OKPay blocks you from depositing funds obtained from bitcoin exchanges to their cards

OKPay blocks you from depositing funds obtained from bitcoin exchanges to their cards submitted by btcwolf to Bitcoin [link] [comments]

OKPAY accepting Bitcoin as a deposit method

submitted by jav_rddt to Bitcoin [link] [comments]

One exchange to rule them all...

One exchange to rule them all... submitted by EricTheEnt to Bitcoin [link] [comments]

Buy ether

What is the best place to buy ether? i'm in europe and have no btc. Is coinbase a good alternative?
submitted by Drum- to ethtrader [link] [comments]

BTC-E halts ALL ruble deposits and withdrawals

BTC-E halts ALL ruble deposits and withdrawals submitted by brokenmusic to Bitcoin [link] [comments]

Coinffeine P2P exchange launched to tech preview!

Coinffeine P2P exchange launched to tech preview! submitted by mike_hearn to Bitcoin [link] [comments]

Is W1 (Wallet One) legit to deposit?

I am considering to deposit W1 (Wallet One) which there is a option to deposit to OKpay via VISA but I found nothing about them. I know it is Russian service to worldwide, but is it logical thing to use them and do you think that W1 is trusted to cooperate? Also, If anyone use them for a while with VISA/Mastercard deposit, I am looking for opinions.
submitted by solanras to Bitcoin [link] [comments]

Buying Bitcoin in the UK

Is it at all possible to buy bitcoin for the price MTGox is showing?
I've looked around and I can't see anyone selling for less than around 3xMTGox price. Am I missing something or is that just the way it is?
submitted by cptlolalot to BitcoinUK [link] [comments]

btc-e added GBP/BTC market using okpay (deposit, withdraw) and SWIFT (withdraw only)

screenshot
Deposits using okpay 0% fee (but you will pay your bank's SWIFT fee to get money into okpay in the first place).
Withdraw using SWIFT 1.5% minimum 1000GBP
Withdraw using okpay 1% minimum 1GBP
I haven't tried this, but it looks like a pretty good option for the UK.
submitted by dfg3523423423 to BitcoinUK [link] [comments]

Mt. Gox & OKPay = Garbage; If You're In The US

I've been using Bitcoin since mid-2010, starting with Dwolla and CampBX but eventually being lured into the big Gox. Gox was (early 2011) pretty cool, not really for features, but because of the traffic and heavy trading.
Then Mt. Gox shit the bed, and got their Dwolla withdrawal method revoked.
No biggie, I can just use one of the other methods. Shouldn't be a problem, right? OKPay, this seems good. Probably better than the ¥2000 wire transfer fee at Gox right?
Fuck.
Here's the breakdown of how I hemorrhaged cash during one of my transfers:
So I started with $498.79 and ended up with $411.70 in my checking account, a net loss of $87.09 (17.5%). This tells me three things: OKPay is shit if you're in the states, I should have used the Mt. Gox wire transfer, better yet, I should have transferred my Bitcoins to sell on CampBX and use Dwolla for fucking $0.25 and avoid the whole catastrophuck.
To summate, Mt. Gox = Idiot Douchers (nothing new), OKPay = Fuck America, CampBX = Saving Mt. Gox Refugees, Dwolla = The Way.
I wouldn't mind hearing from some people (probably in the EU) who've had a decent experience with OKPay, utilizing an expansive selection of money transfer services that were unavailable to this particular Yank.
submitted by tamnoswal to Bitcoin [link] [comments]

Introducing Litecoin as base currency - Huge Bisq/Bitsquare update - Check out v0.5.1

This release comes with tons of changes and improvements.
Please download at: https://github.com/bitsquare/bitsquare/releases/tag/v0.5.1
Most relevant changes are:
Please see the full release notes below.
As that release has very profound changes it is NOT backward compatible to the earlier versions. It uses a new network which is separated from the current trade network. So your offers from the current application will not be visible for users who are using the new version.
If you want to migrate to the new version you need to close your offers and withdraw your funds to the new application. You can run both applications in parallel as they are using a different data directory. You cannot move over the wallet or application data because the wallet format has changed (BIP44) and we use a different data structure for the data base files. So you need to transfer the Bitcoin with a BTC transaction and set up your payment account(s) manually.
Please double check with cmd+e in the old application if no funds are left over (some bugs might have caused that the balance displayed in the UI is not correct).
Please use small amounts when starting trading in the new application as with so many changes there are some risks for bugs (though it is thoroughly tested).
Release notes:
submitted by heavyuser1337 to litecoin [link] [comments]

Huge Bisq/Bitsquare update - Check out v0.5.1

This release comes with tons of changes and improvements.
Please download at: https://github.com/bitsquare/bitsquare/releases/tag/v0.5.1
Most relevant changes are:
Please see the full release notes below.
As that release has very profound changes it is NOT backward compatible to the earlier versions. It uses a new network which is separated from the current trade network. So your offers from the current application will not be visible for users who are using the new version.
If you want to migrate to the new version you need to close your offers and withdraw your funds to the new application. You can run both applications in parallel as they are using a different data directory. You cannot move over the wallet or application data because the wallet format has changed (BIP44) and we use a different data structure for the data base files. So you need to transfer the Bitcoin with a BTC transaction and set up your payment account(s) manually.
Please double check with cmd+e in the old application if no funds are left over (some bugs might have caused that the balance displayed in the UI is not correct).
Please use small amounts when starting trading in the new application as with so many changes there are some risks for bugs (though it is thoroughly tested).
Release notes:
submitted by heavyuser1337 to BitcoinMarkets [link] [comments]

Having trouble buying bitcoins, Nothing seems to be working.

I'm COMPLETELY new to bitcoins. I'm trying to figure them out and nothing seems even remotely english to me. None of the trading sites seem to be working for me, and none of the banks around me are set up to take cash for btc. Anyone have any tips, or perhaps an offer? I'm looking for 20-30 btc.
Sorry if I seem dumb. It's because I am.
submitted by Dr_Awkward_ to Bitcoin [link] [comments]

How to buy these cheap coins right now

Since we've all been goxxed now is the time to buy those $50-60 coins floating around and profit from everybody else's misery. Or you could wait for Gox to come back online and crash down the price even further but good luck trying to do any trading there to buy coins, the trading engine is already broken I don't expect the new one to work flawlessly due to epic 3yr history of GOXXING
BTC-E.com
To pay into this exchange, you need a BTC-E code, PM or Okpay. Take pics of your ID and utility bill and pay the $10 to Okpay for 'quick verification'. You can pay bitcoins directly into your Okpay account for initial funding or wait and see how long it takes for reg verification.
Now either wire money, or instant money transfer (MoneyPolo, Contact-sys, Unistream) to fund your account or find an Okpay exchanger somewhere. Or Ukash/CashU. Just because contact-sys is Russian doesn't mean there aren't sending points in every country in the world.
BTC-E codes you buy on #bitcoin-otc from verified gpg authenticated traders with good ratings, or on bitcointalk.org forums in the currency exchange forums.
Perfect Money is a shady HYIP digital currency run by Russians much like Liberty Reserve. You sign up for free, and load your account with wires (if verified) or you use an exchanger. This is what talkgold.com is for to find legit exchangers. I use wm-center.com to wire WU/Moneygram and get PM. Click on 'Interkassa' payment method in BTC-E and select Perfect Money. Instant load.
You can also obviously dump Litecoins you bought on Vircurex to fund the account, or a gagillion PPcoins
Bitfloor.com
Fastest way to deposit is through CapitalOne P2P or cash deposit https://bitfloor.com/docs/#funding-deposit
Be aware Bitfloor is insolvent due to owing 25k bitcoins that were stolen last year but they have a repayment schedule that may or may not bankrupt them. Use at own risk but most ppl trade there everyday with no problems.
Bitstamp.net
Great exchange in Slovakia? I think. You have to pay with Euro SEPA wire, then for some stupid reason they convert the money to USD. You can pay in here using transferwise.com if you're from UK, or XEtrade and other Forex online money transfer companies. Google 'free money transfer fx' and review your options. Most don't charge you anything if over a certain amount of money. They take your internet billing or other local payment, convert to EUR and send SEPA for you if you request it. If they don't then check with Bitstamp what a SWIFT wire costs (probably nothing, I think they use Latvian banks that charge no receiving fees). If you want a bank account in Latvia then sign up here: http://www.rietumu.com/ if you have a local corporation or business where you live you can, maybe a personal account too. You can always incorporate a dirt cheap Delaware LLC or Oregon LLC from anywhere in the world and use it to open up worldwide bank accounts.
Bitcoin-24.com
Takes direct wires, all sorts of other methods: https://bitcoin-24.com/fees You can also use Liqpay if you have a USD or EUR card. Sign up to liqpay.com, then they block a small verification amount you have to sign into internet banking (for the card) to check. It's usually $1.something or less. After that you are verified to load $1-100 or so, but I'd just try $50 at first. Any more than that and Liqpay will seize the funds and ask for your bank to authorize a fax they send which no bank will do because of privacy reasons, so pointless to load anymore money. Liqpay may also call you to verify card details this is normal. Liqpay is meant for Russians and CIS countries to use like Ukraine so due to epic fraud of credit cards don't expect to load too much this way unless you find a Liqpay exchanger, but what's the point when you can just wire money to bitcoin-24 anyways.
Vircurex.com
Good exchange, had some problems due to DDoS but so did all exchanges. They only accept BTC, altcoins and VouchX for payment. You buy Vouchx here: https://www.aurumxchange.com/ or from somebody on Bitcointalk, or IRC (with rep). You can buy a bunch of litecoins anywhere to fund this exchange such as the bitcointalk forums or IRC. Warning: the so-called official twitter account is fake, don't use it.
Cavirtex.com
Can only fund if in Canada, they accept cash deposit and internet billing. Price has been steady at ~$90 all day though no panic selling.
LibertyBit.com
https://www.libertybit.com/funding various easy methods, new exchange in Canada that takes intl wires and shockingly Interac deposits (easily frauded).
Bitcoin China
https://btcchina.com/ fast growing exchange, you pay in with Alipay or Tenpay both Chinese methods that westerners can't use or figure out due to no translation. You can probably use Alipay if you find and exchanger to load it, they do exist. **Edit they now support Liberty Reserve deposit and withdrawal
Check english forums to see if anybody exchanging Alipay or taking wires.
CampBX.com
Accepts money orders, and CapitalOne P2P payments. Also accepts Dwolla but you need to be verified.
Bitcoin-central.net
Just had a major outage due to instawallet hack, appears to be back online. You get your own quasi-bank account when you verify here much like how ecardone.com (liberty reserve) does banking so can transfer to other users legally with vouchers. You can buy a voucher p2p on Bitcointalk forums or IRC or send a bankwire.
VirWoX.com
You can pay with Paypal to get Second Life "Linden Dollars" then convert to BTC, or at least you used to be able to. I have no idea if this is still the case I've never used them.
Or course there's all the fixed price exchangers
https://en.bitcoin.it/wiki/Trade and https://bitcointalk.org/index.php?board=53.0 for everything from Moneypak to Skrill. You can also risk buying coins on Silk Road with moneypak
==============R U L E S ================================
Enjoy buying all the way down the crash once Gox comes back online and the great sell off begins! Hold them for a year and they'll be worth 10x as much just like the 2011 crash. Bonus points if you speculate on Litecoin, rumor has it Gox will be trading them when they come back online but again, this is MtGox we are talking about so the site could implode on the zerg rush of people trying to get into their accounts or trading engine could sell all your coins for $0.0001 again like they did in 2011.
Great successez!
submitted by Derpcoin to Bitcoin [link] [comments]

Introducing DOGE as base currency - Huge Bisq/Bitsquare update - Check out v0.5.1

This release comes with tons of changes and improvements.
Please download at: https://github.com/bitsquare/bitsquare/releases/tag/v0.5.1
Most relevant changes are:
Please see the full release notes below.
As that release has very profound changes it is NOT backward compatible to the earlier versions. It uses a new network which is separated from the current trade network. So your offers from the current application will not be visible for users who are using the new version.
If you want to migrate to the new version you need to close your offers and withdraw your funds to the new application. You can run both applications in parallel as they are using a different data directory. You cannot move over the wallet or application data because the wallet format has changed (BIP44) and we use a different data structure for the data base files. So you need to transfer the Bitcoin with a BTC transaction and set up your payment account(s) manually.
Please double check with cmd+e in the old application if no funds are left over (some bugs might have caused that the balance displayed in the UI is not correct).
Please use small amounts when starting trading in the new application as with so many changes there are some risks for bugs (though it is thoroughly tested).
Release notes:
submitted by heavyuser1337 to dogecoin [link] [comments]

Of Wolves and Weasels - Day 189 - The State of Dogecoin

Hey all! GoodShibe... on Vacation!
Please enjoy this post by Guest Writer thistime1 and tip them well ;D)
Note: To tip them directly: +dogetipbot @thistime1 xxx doge verify
I have collected as much data as I could possibly find and contacted as many major players in the Dogecoin community as I could. I hope you all find this synthesis of information informative and worthy of discussion.
Anything that was announced in the few days before this was posted may not be included here, due to me working on this for the last 2 weeks! Sorry if I missed you.
I hope to do this again, maybe even as a quarterly report.
Please take all the information presented to you here and make your own conclusions about how important each piece of data is to YOUR view of Dogecoin.
Price
1 Doge = $0.00029 USD
Price would have to increase ~750% to be back at peak value ($0.0022/dogecoin).
COMPARED TO LITECOIN
1 LTC = $7.60 USD
Price would have to increase ~650% to be back at peak value ($48/litecoin).
Market Capitalization
7th of all digital currencies, ~$23 Million USD
Our market cap has been declining the last few months, most coin’s have. I am excited to know what our year-to-year price change will be as that is a better measure of change than the last 30 days.
For the past few days I have been trying to find a graph of the TOTAL market cap of all coins together over time.
I have a theory that not a lot of money is being put into cryptocurrencies at the moment, and the coins that go up in value are taking away value from others. What do you think?
I want to know if this is true, or if I am crazy. If that is somewhat true, there is a limit to how many coins will make it big.
I'd love to just see the total ALTCOIN market cap over time as well.
Hashrate/Halving
Hashrate = ~50GH/s
Oddly, this is about the same hashrate we had after the last halving! ASICs inbound…
I could not find what proportion of the SCRYPT hashrate we have over time, as that is the best measure of hashrate in relation to other coins.
I do have this though.
Litecoin’s hashrate is about 10 times larger than ours now.
The current block reward (recent halving) will create 90 Million Dogecoins/day or 38.7BTC at current prices.
This means that if ALL mined Dogecoins are sold every day they would only make up 3.8-7.5% off all transaction volume per day, which is around 500-1000BTC/day.
When the price stays the same, we can assume 250-500BTC of Dogecoins are bought or sold in that day. Therefore miners do not make up a large portion of the selling anymore, and they haven't for a while.
Another BIG assumption you have to make is that 38.7BTC cannot move markets. From my personally observations, the Cryptsy DOGE/BTC market controls the price of Dogecoin. I have watched the Chinese markets (BTC100, BTC38, BTER) respond to changes in price after they happen on Cryptsy. ~38BTC can have a HUGE impact on price if buy/sell walls are not there to support it.
We need more demand, but it is nice to have less pressure from miners anyways.
Liquidity is still much much higher with Litecoin though!
Transactions per Day
Dogecoin has more transactions per day Litecoin, and all other altcoins.
Sent from addresses
Dogecoin has more unique addresses sending coins per day than Litecoin, and all other altcoins.
Average Transaction Value
Average Litecoin transaction value for today was $9,380 USD.
Average Dogecoin transaction value for today was $122 USD.
Average Bitcoin transaction value for today was $3,250 USD.
http://bitinfocharts.com/comparison/transactionvalue-btc-ltc-doge.html Dogecoin is potentially being used exactly as intended. Lots of people sending small amounts of money to each other or things.
I am stunned that the AVERAGE person sending Litecoins that day, sent almost $10K.
That is 3x higher than Bitcoin. In fact, oddly, Litecoin always has a higher average transaction value than Bitcoin since the Bitcoin bubble in late 2013. Anybody know why?
We usually DO NOT have higher transaction volumes than Litecoin, but we do consistently have ~500-1000BTC/day that is transacted, putting Dogecoin in the top 5 most traded coins.
Dogecoin Address Growth
Dogecoin has also GAINED 14,653 positive addresses in the month of June, where Litecoin has LOST 33,875. (info from bitinfocharts and currency4world)
Wikipedia Statistics (http://stats.grok.se/)
Bitcoin traffic – Average ~9000 views in the last 90 days (highest 18614 views/day) – total views/90 days 819,193
Litecoin traffic – Average ~380 views in the last 90 days (highest 998 views/day) – total views/90 days 40,036
Dogecoin traffic – Average ~1200 views in the last 90 days (highest 8629 views/day) – total views/90 days 154,415
Circlejerking Statistics
Bitcoin recently surpassed 1 Yottahash, I believe we are up to almost 1 Yottajerk of circlejerking power. I am excited for a few years from now, when the QuantumJerk ASICs are released.
Every time I read someone calling /dogecoin a circlejerk I laugh, not because they are wrong, but because they are just stating the obvious.
Do you think there is someone in the corner of the room at NASA who just comments about how all they talk about is rockets and space?
If dreaming big and congratulating ourselves on our achievements is a circlejerk, then I guess it’s human to circlejerk. Every subreddit is a circlejerk, the only difference in /dogecoin is that you can get tips from circlejerking. (Is that prostitution?)
The main point of this section was to see how many times I could type circlejerk.
Foundation
The new Dogecoin Foundation is now a legal enitiy and will have a road map of working projects
Personally I would love to see someone from the Chinese Dogecoin community represented on the Foundation. They buy and sell a lot of Dogecoins Maybe just a liason position or something.
At the very least, during fundraisers, the Chinese community should be contacted to see if they want to help out!
Development
Dogecoin is the ONLY altcoin with the Core/Wallet/qt based off of Bitcoin 0.9. Dogecoin Core will be kept up to date and features from the Bitcoin Core will be adopted quickly. The devs are doing great so far, especially against coins with full-time PAID developers!
CrytoSaga
Unprecedented cryptocurrency modeling software will be written to test possible outcomes to changes in Dogecoin’s algorithm. Main candidates are PoS 2.0, Tendermint, and SIMD. To my knowledge, this has never been created before in all of cryptocurrency, and will definitely further highlight the abilities of Dogecoin’s development team.
A payment protocol is also being worked on.
Cryptiv
Dogetipbot
Twitch tipping with dogetipbot will go live soon! You can sign up to be invited to the beta, here.
After Twitch tipping goes live, there will be a huge announcement
I have followed what mohland and dvorwak have said about it, here.
Coingecko
Price might not be so encouraging at the moment, but stay faithful. Keep up the good work. Encourage more people to join. The community is something special. I have strong faith that it will be heading to the moon!
Coinplay.io
http://www.cryptocoinsnews.com/news/kansas-city-startup-incubator-partners-dogecoin-based-coinplay-io/2014/07/09
Suchlist
SnapCard
Buy ANYTHING in Dogecoins that is for sale online. Available in over 50 countries. Only BTC, LTC, DOGE, and XRP are supported.
WeSellDoges
Onarbor
The biggest new Onarbor feature announcement is ability to back and re-back works and reviews. This was the top request so we're glad to finally implement it. Coming soon will be more tailored feeds where we will allow people to follow creators that interest them (will allow TwitteFB/linkedin auth to find friends/colleagues).
What can Dogecoin do better?
Marketing
For a coin that has done some of the best marketing out there, we suck at getting major announcements across on multiple platforms.
I am hoping /dogecoin_pr will bring this up to par.
EXAMPLE:
51.54% of Dogecoin users are on Dogecoin Core 1.6.( http://bitinfocharts.com/dogecoin/)
Maybe merchants and such are not to keen on updating if it is not required, but maybe they just do not know about 1.7.
When 1.8 comes out, I would love to see a sticky thread on the subreddit, an announcement on the official Dogecoin Twitter and Facebook pages, an announcement on the front of the BitcoinTalk forum, as well as contacting cryptonews websites.
Dogecoin has a large social media presence and should be taking advantage of THAT!
Tipping
I am concerned that there are not that many external deposits made to everyone’s dogetipbot accounts. Until there are more tipping users, I fear that we may be only be tipping coins that were tipped to us in the first place. That is not the best way to build demand. I am hoping mohland has some data on this.
I strongly believe in the tipping economy and culture of Dogecoin, and personally, that is how I think we can best build demand. Until we have more tipping users, it is up to us to build that demand, and the work could pay off.
Dogecoin.com
I know you powerlemons is working on updating this, but the website is COMPLETELY MISSING a section on how to accept Dogecoin. This should be just as big as the other coloured sections!
ALSO
This should be added to the “Get Dogecoin” section at the bottom of the page.
I have tried to keep it updated as much as possible, but would love the community to notify me of any changes
COMMENTS
Josh Wise
“I have said this to a few people in the community but my two cents on this is to keep it fun, charitable, and stick to the fundamentals that made the community grow so much initially. My personal opinion (and I really have no clue what I am talking about) is that this community grew so fast because it was so much fun, anything seemed possible, everything seemed worth trying and there were not many negative undertones with anything. It seems like people are really getting wrapped up in a lot of negatives right now and that is never productive. The law of attraction will rule in the end and as long as people are positive- no matter the circumstance- the circumstance will become positive. I love this place and wish only the best for dogecoin and the community, and like I said, I have no clue as to all of the intricacies and the many moving parts past and present. Only my two cents on what I see (:
As far as upcoming projects- I am still working on some new shirts by popular demand. I would really love to either race the Dogecoin car in a few Superspeedway races next year, or try to raise money so that we can run the rear bumper all season. I am super thankful for all that has come of this and want to continue to help build the brand and awareness in any ways possible. A lot of that is really up to the community though and not me.”
Co-founder (BillyM2K aka Shibetoshi Nakamoto)
“A community that is having fun, building cool things, and coming together for great causes and fun causes alike is exceptionally more valuable than one that is trying desperately to create value by finger pointing, complaining, witch hunting, attempting to market useless features, and ultimately eating itself.”
thistime1 - High Anxiety Shibe
I hope you all learned something today. I tried really hard to make sure that was the case.
Who do I love?
It's 7:41AM EST and we've found 87.49% of our initial 100 Billion DOGEs -- only 12.51% remains until our period of Hyper-inflation ends! Our Global Hashrate is up from ~44 to ~47 Gigahashes per second and our Difficulty is up from ~708 to ~724.
I Hope you enjoyed today's Guest Post by thistime1!
Note: To tip them directly:
+dogetipbot @thistime1 xxx doge verify
GoodShibe
submitted by GoodShibe to dogecoin [link] [comments]

Huge Bisq/Bitsquare update - Check out v0.5.1

This release comes with tons of changes and improvements.
Please download at: https://github.com/bitsquare/bitsquare/releases/tag/v0.5.1
Most relevant changes are:
Please see the full release notes below.
As that release has very profound changes it is NOT backward compatible to the earlier versions. It uses a new network which is separated from the current trade network. So your offers from the current application will not be visible for users who are using the new version.
If you want to migrate to the new version you need to close your offers and withdraw your funds to the new application. You can run both applications in parallel as they are using a different data directory. You cannot move over the wallet or application data because the wallet format has changed (BIP44) and we use a different data structure for the data base files. So you need to transfer the Bitcoin with a BTC transaction and set up your payment account(s) manually.
Please double check with cmd+e in the old application if no funds are left over (some bugs might have caused that the balance displayed in the UI is not correct).
Please use small amounts when starting trading in the new application as with so many changes there are some risks for bugs (though it is thoroughly tested).
Release notes:
submitted by heavyuser1337 to btc [link] [comments]

Is it really cheaper to buy bitcoin on btc-e? Here are some calculations

So you want to deposit some fiat into btc-e?
  1. Thinking to bankwire - be prepared for 15+ wait time, fees and KYC. Contrary to popular belief, you can't move fiat in without being KYC'd to btc-e and partner banks. The cost (for USD): 0.5%, but min $20.
2.The cheapest instant method would be e-wallets. The cheapest options are MoneyPolo and OkPay (1% fee). But to get your precious fiat you will incur 2.1 4.5%+~$1 fee for Debit card to MoneyPolo deposit. Or 0.5% +$20 min. fee for bank wire. 2.2 0.5% receiving fee + whatever fee you'll pay for depositing your usd from your bank/card.
Thus we have at least 4% deposit fees to get into btc-e alone. And remember, you WON'T be able to a move anything before getting slapped by KYC & AML from Okpay and MoneyPolo. Still believe that btc-e is a money-laundering heaven? :)
But let's abstract ourselves from fiat-to-ewallet shenanigans and attempt to do what every arbitrage wannabe would want to do: exploit the juice price difference.
Huobi has an option of okpay usd withdrawal. It costs 0.5%. To receive the money to your wallet it will cost 0.5%. That's 1% already. To deposit okpay to btc-e you incur another 1%. That's 2%. Now you want to buy those cheap btc. And you get 0.25% fee for the order, because it's a market order for you need btc fast. Thus 2.25%. For the sake of experiment, let's disregard the miner fees needed to send bitcoin back to huobi. To sell your 1 btc you have to pay another 0.2%. Thus all full circle will consume at least 2.45% in fees. At this moment the highest btc-e ask is at $985, huobi bid at $1013. That is 2.84% difference. Subtract 2.45% and get ~0.4% of potential profit, provided that the market does not move against you, while you move money between exchanges.
For the "ex Soviet mob" believers out there: due to socio-economical reasons, most transactions in the countries are done in cash. Subsequently, there's a class of all sorts of people, who engage into forex exchange manually, and now in bitcoin. Many of those use btc-e as a vault and a reference point. But we too are slapped with fees that vary according to the spread installed by those exchangers.
It might seem that btc-e is a cheap place, while in fact it isn't. And as in many poor countries, sometimes it is even more expensive than your average western bitcoin exchange.
submitted by deflatedowl to BitcoinMarkets [link] [comments]

TD Bank and RBC Shutting Down LocalBitcoin Users

Short story - TD bank knew I used to sell bitcoin via direct deposit of cash into my personal bank account (which I stopped after being told this was against their policy). Now I receive a letter in the mail saying all my accounts new and old are terminated (credit card, mutual funds, rsp, savings, chequings).
Okay so long story...
I am not a software expert by any means. My family is full of programmers, literally..I was just too far of an age gap to be around to get that influence. Despite that I was always into hardware regardless, and when I learned that my graphics card could be used to make "money" I figured why the hell not. I looked up graphics cards that would give me the best hashing power per $$$ and went on kijiji and bought everything I could. I didn't pay for electricity it was included in the rent so I got the parts together and joined up on slush like everyone else and later switching to bitminter,
Anyways I bought bitcoins from whoever I could for cheap. As the price began to rise I sold a lot of coins on localbitcoins.com, and at that time (~18 months or so) the main form of payment that sellers in canada were accepting were interac e-transfer. I went with them and accepted this as well as Interac website clearly said:
"An Interac e-Transfer transaction cannot be reversed once the recipient of the funds has deposited the transfer. You must obtain a refund directly from the recipient. You can ask the recipient to send you an Interac e-Transfer for the refund amount."
However I eventually fell to fraud as someone claimed that their account was "hacked" and they never sent the transfer. E transfers became disabled for me, and TD reversed the transfer saying they would not compensate the loss. I petitioned and they agreed to provide a one time refund and things were all good. However Interac kept my EMT blocked so I turned to cavirtex for selling my coins. I then saw that some sellers were now accepting "direct deposit", giving account details for a void cheque to make a in-branch deposit.
I had been doing most of my localbitcoin transactions in person but that was much more time consuming and the client base was much smaller. So I switched to direct deposit. I was unloading coins at 10-40% more than what they costed on cavirtex. But next thing I knew, after months of multiple third party deposits and large wire transfers to companies in Sweden (KNC miners) I get a call from the bank to come in and explain. I do and inform them the third party deposits are me selling coins. They say I can't do this and I comply, and things seem okay. Until about a month later, today, I get this letter.
"TD periodically conducts a review of all its customer relationships bla bla bla. As a result of this review, we have determined we can no longer continue to support your current accounts and/or services, or offer you any new accounts and/or services."
I am now going to just store my coins I think, send them directly to cold storage and sell them when the price is high on cavirtex. I think selling online on localbitcoins is dead (at least in Canada). Miners selling coins on localbitcoins will have to turn to only local sales - or some other form of payment like okpay, etc.
In the end I assume that the prices on localbitcoins will be the same as exchanges more or less.
Anyway..if you have a bank account and the bank knows you were/are involved in bitcoins be prepared for your account to get shut down.
Sigh.
submitted by yjamal01 to Bitcoin [link] [comments]

Bitsane Exchange beta launched

We are proudly presenting you "yet another" bitcoin exchange market - Bitsane Exchange. We will highly appreciate your feedback and will reward the most attentive bug reporters :-) We have many upcoming features you will like not just "planned" but in the very end of testing cycle, and we will release new features and coins every week.
Upd: Okpay deposit/withdrawals no longer require verification.
WBR.
submitted by bitsane_com to BitcoinMarkets [link] [comments]

about mercatox exchange part-3

Mercatox fees and charges Mercatox charges a 0.25% fee on all trades placed through the platform. While there are no deposit fees, withdrawal fees apply and vary depending on the currency you wish to withdraw. Some sample withdrawal fees are shown in the table below, but you can visit the Mercatox website for a full list of charges for all currencies.
Currency Withdrawal fee Bitcoin (BTC) 0.0001 – 0.005 Ethereum (ETH) 0.002 Dogecoin (DOGE) 2 Litecoin (LTC) 0.002 DASH (DASH) 0.001 Payeer (in USD) 1.5 Perfect Money (in USD) 0.95 Perfect Money (in EUR) 0 OKPAY (in USD) 0 QIWI (in RUB) 1
submitted by sohelrana1122 to mercatox [link] [comments]

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Activate Bitcoin Litecoin Dogecoin address in Okpay

Exchange Neteller, Exchange Skrill ,Automatic Exchage Bitcoin to Paypal, Automatic exchange Perfectmoney, Instant exchange Egopay, Exchange webmoney to skrill, Exchange Okpay to paypal, Instant ... ¡Deja de usar BUSCARV! Funciones y fórmulas robustas para buscar y asociar datos en Excel - Duration: 21:42. Excel Avanzado para Administración de Empresas Recommended for you http://www.bitsource.org - BitSource.org accepts Visa, Mastercard, cash deposit at Bank of America, OKPay, Payeer, EgoPay, SWIFT Transfers/Bank wire, Perfect... Register at https://coinmate.io/signup - See how to easily and quickly you can use your OKPay account to buy, sell or trade bitcoin on CoinMate.io European bitcoin exchange, trading in dollar and ... This video is unavailable. Watch Queue Queue. Watch Queue Queue

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