Questions tagged [exchanges]

This tag should be used for questions regarding exchanges. Exchanges are sites which allow for the conversion of Bitcoins to various world currencies as well as alternate cryptocurrencies.

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7
votes
1answer
598 views

When BTC is traded at a Bitstamp, Mt Gox (or similar) what is the algorithm for matching Buys to Sells? How do partial fills occur?

I'm trying to understand how a partial fill would / should happen at an exchange and how that would occur For example, if the BTC rate was $10/BTC and Someone wanted to buy 100 BTC at $10 The ...
5
votes
1answer
2k views

How Does trading on the Exchanges Work?

Pardon my Ignorance but can somebody explain the basics Of how trading (Bid Buy/Bid Sell) works of the common exchanges www.mtgox.com www.btc-e.com Aslo some of the common ways people or ...
3
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2answers
809 views

How will a bitcoin ETF be any different from a bitcoin exchange?

The W.Twins bitcoin ETF/trust stock can be converted to real bitcoins. This means that we can buy $100 worth of stock and convert it to maybe 0.5 BTC depending on the current rate. And we can buy 0.5 ...
2
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3answers
596 views

Can an exchange work which does not have control of the private keys?

It seems like there is really no great way to exchange USD for BTC. Having to trust an exchange with your private keys is undesirable. I'm wondering if there is a way to utilize the convenience of ...
15
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2answers
2k views

Why do so many bitcoin exchanges have their bank accounts closed and have problems establishing bank accounts?

I find it really strange that it happens that so many Bitcoin exchanges have their bank accounts closed. Outside of the Bitcoin world, I find it very unusual to have a bank account closed, for a ...
10
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3answers
2k views

Is there a bitcoin exchange accepting SEPA transfers? [closed]

Since mt.gox had to close its european office, is there any other exchange accepting SEPA transfers? Sending a wire to the HK office costs much more than a SEPA transfer to me, and I'd like to avoid ...
9
votes
3answers
7k views

Best way to mix bitcoins? mixer, coin join (shared send), dark wallet, stealth addresses?

When you want to anonymize a few hundred BTC, what would be the best (safest) way? I can think of these alternatives: Deposit to and withdraw from exchange (like Kraken, Bitstamp, etc)Pros: ...
6
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2answers
427 views

What changed about coinbase.com to make it a “regulated exchange”?

It's all over the news that coinbase "will open the first regulated bitcoin exchange in the U.S.". But what exactly is the news here? Hasn't coinbase been serving customers from all across the U.S. ...
5
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2answers
9k views

Is Binance a scam exchange/wallet?

Now 5 days ago, I initiated a transfer from my Bittrex account to Binance, using Binance's ID code snip and the receiving Address code snip. The coin was immediately removed from my Bittrex a/c but is ...
4
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2answers
549 views

Why is the exchange rate of Bitcoins the same for everyone?

If I open Google and type 1 Bitcoin to Dollar I'm returned with a number (as of writing, "1 Bitcoin equals 246.09 US Dollar"). But where does this number come from? Given the decentralized nature of ...
3
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3answers
13k views

Where do these coins gain their value?

I have been mining coins for a long time (started with BTC/LTC years ago, moved to altcoins recently) and have realized I am not clear on the actual source of the value. Do the exchanges deem the ...
0
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1answer
448 views

How are BTC-e orders filled?

When there is some price overlap, i.e an ask and a higher priced bid, who will get the difference? In other words, will the seller get an "extra", or the buyer a "discount"? I'm interested in BTC-e ...
21
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1answer
8k views

What function does Mt. Gox's “Open Transaction” withdrawal option perform?

When withdrawing bitcoins from Mt. Gox, there is an option with a checkbox next to it titled "Open Transaction (6 confirmations)". What does this do to my withdrawal? I'm thinking this is probably a ...
17
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3answers
16k views

Where does Coinbase buy coins from?

When we buy coins from Coinbase, where do they get the coins from?
9
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2answers
4k views

Do bitcoin exchanges own the bitcoins they trade with?

If I have a balance in USD with any exchange, and I placed an order to buy bitcoins, how does it work for the exchange? do they need to hold enough bitcoins to cover all the "buy" transactions and ...
8
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3answers
50k views

Is it safe to store all my coins on Coinbase?

Is it safe to store my coins (BTC & ETH) on the Coinbase platform or is it safer to download a wallet to keep them in?
6
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2answers
3k views

Calculation of arbitrage profit

I have made calculations based on 3 exchange buy and sell orders. (Cryptsy, C-cex and Bter) and have taken DOGE/BTC market into account. Both cryptsy and C-cex have the same calculations to get the ...
5
votes
3answers
847 views

What are the risks of in-person private currency exchanging for travellers?

This answer suggests popularity growth of people privately exchanging bitcoins for a physical currency, in person. This might occur in "coffee shops, hotels, hostels, hackerspaces, etc". An example ...
4
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4answers
405 views

What are ways a BTC Exchange could steal from its customers, and how can they protect themselves?

Mt Gox is the dominant Exchange that handles BTC to USD conversions. Given the recent spike in price, and that Mt Gox is the primary exchange that publishes this price, it's conceivable that a second ...
4
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6answers
471 views

Why is it important to manage your own private keys and are there any exchanges that allow you to do that?

I was reading through the comments to this article at Seeking Alpha and a couple of them talk about the importance of choosing an exchange that allows you to manage the private keys for the ...
4
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4answers
6k views

Algorithmic trading python library?

I am starting to do Algorithmic trading in cryptocurrencies using Python libraries. Most exchanges have RESTful APIs that make it easy to write you own code and get started. However, I would like to ...
3
votes
1answer
297 views

Is Ripple's distributed exchange scalable?

This question asks about the scalability of Ripple in general, and has an ok answer. However, it doesn't mention the distributed exchange built in Ripple. How is its current/future architecture ...
2
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1answer
103 views

How do transactions get to miners?

How operations from exchange and other ways of transferring bitcoins goes into 'system' (mining people)?
1
vote
2answers
277 views

Pros & Cons of Self Hosting Bitcoin Node vs using a 3rd Party Service?

We are a medium size company building a blockchain application that requires us to interact with the Bitcoin blockchain (+ several other cryptocurrencies). One option is for us to use a 3rd party ...
0
votes
1answer
71 views

What is the alternative for an exchange which doesnt want to run a node of a coin traded?

It seems to be best practice for an exchange to run a node itself for a coin traded there. But, is there an alternative? A third party service? If yes, which are recommended and why?
14
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1answer
2k views

Why is MtGox trying to trademark “Bitcoin”?

Someone on the #mtgox IRC channel pointed me to this. It seems to be an application by Tibanne Co. Ltd. for the Trademark name BITCOIN. I asked MagicalTux on #mtgox about it, but got no answer. Why ...
6
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1answer
11k views

what is the Volume and BaseVolume reported from bittrex API?

For example in https://bittrex.com/api/v1.1/public/getmarketsummaries or if you subscribe to the ws feed you get sent the following type thing. { "MarketName": "BTC-ANS", "High": 0.0031, "Low": ...
5
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2answers
1k views

Using bitcoin for international travel

Bitcoin as a meta currency seems very useful if travelling through multiple places using currencies. I had this very intention for when I travel around asia. What is the best method people have ...
4
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2answers
1k views

I'm in the UK, how to fund my account at mtgox?

It is getting ridiculously hard to get bitcoins in the U.K. International wires are to expensive, my bank doesn't support SEPA. I'm seriously thinking about converting ukash vouchers to cash u account,...
3
votes
1answer
243 views

Get blockchain info for exchange transaction

I'm sorry in advanced if this questions are dumb but here goes ... Does all buy/sell bitcoin related transactions made in exchanges get logged in the blockchain? if so can they be found and/or ...
3
votes
1answer
104 views

Do you 'own' Bitcoins purchased via an exchange?

I have been told by some that bitcoin exchanges do NOT record BTC transactions by a buyer/seller on the blockchain, but rather hold them in their own name and ledger - eg, if I buy one BTC via an ...
2
votes
2answers
4k views

Convert back from BTC into a local currency, efficiently

I receive rent income in the US. I'm using coinbase.com to convert from USD into BTC, with no problems. I will be traveling outside the US, so I would like to convert back from BTC into a local ...
2
votes
1answer
808 views

BTG wallet or exchange with BIP39 seed import

Can anyone recommend a Bitcoin Gold exchange or SPV wallet for Linux that supports importing wallets from a BIP39 seed? The best I’ve found so far is a fork of Electrum that supports BTG for Windows ...
1
vote
1answer
312 views

How can coinbase charge less than the average transaction fee?

As of this writing, the average bitcoin transaction fee is over $30, according to this chart. However, I just bought $20 worth of bitcoin on coinbase, and they charged me a fee of $1.49. My ...
0
votes
2answers
91 views

Can a Bitcoin address be traceable to a crypto exchange?

If a Bitcoin address was created upon the opening of a Binance or Coinbase account, is there anything in the address itself, or its activity, that can give clues to whether it was in fact created on ...
0
votes
2answers
515 views

How do exchanges use cold bitcoin wallet while still able to automate transfers?

Some exchanges mentions they use a cold wallet to keep the private key. As far as I understand cold wallet is a wallet either in an offline machine or kept in hardware. However, it appears that ...
0
votes
1answer
4k views

Binance API SIGNED GET request error code -1100 on signature parameter

I am trying to load my crypto portfolio into Excel so I can use its easy analysis functionality on my trades. However, I'm having trouble connecting to the API using VBA's WinHttpRequest. I use the ...

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