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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What happens to cash used to buy bitcoins?

Are there any requirements to Bitcoin exchanges [USD/EUR/etc], as to for what the [USD/EUR/etc] may be used? Or is the [USD/EUR/etc] received property of issuer of bitcoins? Unfortunately, this is ...
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Can bitcoins be bought wholesale?

What options are available to purchase bitcoins in bulk (e.g. a buy in the range of ten thousand dollars or more) without having to mess around with a market exchange? How can it be determined if the ...
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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 ...
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bcchanger.com: why are bitcoins being sold at 1/3 market value?

Why are bitcoins being sold at 1/3 market value at bcchanger.com? Are the lowball sellers trying to scam people or throw away money?
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Bitcoin price drop in the past few days (25/10/12 to 27/10/12)

Does anyone have any solid ideas or knowledge on why the price has dropped so much over the past few days? There is a lot of speculation, but nothing I have read to date seems to adequately explain ...
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How much does it effectively cost to purchase currency at an exchange?

If I buy crypto-currency at, for example, Kraken, how much does it effectively cost me to buy it and move it to another wallet or exchange?
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What is needed to get listed on a currency exchange website?

I have no desire to become a licensed MSB/Money Service Business. That said, what considerations should I have when creating a new virtual currency to be listed on Coinbase, Bitstamp, etc?
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How can people in Indonesia use Bitcoins?

Dwolla does not accept me. So what's the alternative? How can I for example, withdraw money to rupiah or dollar account in US.
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Does BTC-E have an API for alternate currencies?

BTC-E appears to have an API available at https://btc-e.com/api/1/ticker but this only lists the BTC/USD pair data. They also offer pairs of BTC against alternate currencies like Ixcoin and Tenebrix. ...
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How do exchanges store and transfer bitcoin?

When I buy bitcoin on an exchange I instantly get them and can withdraw my coins 5 seconds after the transaction. This means the exchange must record your account balance in some database independent ...
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1answer
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BitLaunder's mixer vs “major exchanges” mixer

BitLaunder (seemingly created by syadasti) writes: Secure Launder renders your bitcoins completely untraceable, even to the most persistent forensic investigator. You deposit bitcoins into your ...
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517 views

Is there a reason why MtGox is based in Japan?

I was wondering why MtGox is a Japanese company. The founder was American, and the current owner is French, so is there a special reason why Japan was attractive for them?
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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 ...
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593 views

Which Bitcoin exchanges publish proof of reserves?

I am tired of fractional reserve exchanges continuing to run with account holders eventually holding the bag. Which exchanges publish proof of reserves. Real time proof with blockchain addresses ...
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BTCUSD mean value

Recently I've heard of a site which gathers prices from some exchanges, and gives you a mean value. I've tried googling for it and I failed, couldn't find anything related for some reason. Could you ...
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1answer
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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 ...
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What is the reputation of bitfloor?

It seems that bitfloor is a well designed trading platform, and a competitor to MtGox. However, the trading volume is low. How long has bitfloor been in business? Have there been any negative ...
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1answer
636 views

What is the purpose of XBTEUR.d tradable pair?

On Kraken exchange fee page are listed tradable pairs. Some of them come with an extra suffix *.d, e.g. there are listed fees for together for XBTEUR and XBTEUR.d. What is the purpose of these pairs? ...
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What's the best way to transfer bitcoins between two exchanges?

I'd like to transfer bitcoins in my Kraken account to my Poloniex account. What would be the best (a.k.a. cheapest) way to do that?
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Setting up a coinbase like service in India , need suggestions

I have read and researched extensively on bitcoin, but I haven't found any service like coinbase that allows a user to buy or sell bitcoins online without having a US bank account. So how can one ...
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What is the most effective way to buy bitcoin from swiss francs? [closed]

The most effective way I could find so far was Mt.Gox. The costs that are involved are still quite prohibitive. But this then boils down to the question: what is the most effective way to get your ...
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3answers
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What's the simplest way to deposit BTC into US Banking account with minimal fees? [closed]

I've been looking through the bitcoin wiki and googling isn't providing any useful results. Basically I'm looking for some way to deposit my BTC into my US bank account. Is there any service that can ...
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1answer
775 views

Up to date list of exchanges that have been hacked?

One key detail I'd like to consider when reviewing which exchange to do trading on, is how often, and recently have they been hacked? I can see lots of random posts about this of course for various ...
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What's the point of trading BTC if you're limited in the things you can buy

If you're trying to make a profit by trading BTC... fine, I get it. What other reasons are there to trade BTC?
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Are There Abbreviations/Acronyms/Codes for Cryptocurrency Exchanges?

I wonder if there are any abbreviations/acronyms/codes for exchanges like Cryptsy, Kraken, and Ccex. Similar to abbreviations as seen for coins in Bitcoin = BTC and Litecoin = LTC.
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Exchange rate of limit orders with a positive interval

Consider some exchange, e.g. Mt. Gox, with just two users, Alice and Bob. If Alice places a sale order limited above 90$, and Bob places a buy order limited below 110$, at what rate will the exchange ...
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What is Skrill's policy on its use in BTC trading?

Is Skrill tolerant of Bitcoin trade using its system? Does it have any kind of history of reversing transactions or suspending accounts involved in Bitcoin trading?
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What's the most popular Namecoin exchange? [closed]

There are several Namecoin exchanges listed at official wiki and Bitparking seems to be the oldest, but which one is the most used?
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Is there a generally agreed on protocol for creating proof of solvency?

After the MtGox incident, a lot of Bitcoin exchanges started pursuing audits and creating a proof of solvency / liability to prove to their users they remain solvent. While proving that one owns the ...
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472 views

When transferring money between a bank and bitcoin exchanges, might the bank suspend my account?

I'm based in the UK and am worried that my UK bank might have a problem with me transferring money to or from a bitcoin exchange, for example, Mt Gox. I know that Paypal will suspend an account if it'...
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927 views

How does Mt.Gox calculate high and low price?

How does Mt.Gox. calculate high and low price? How can last price, over time, be higher than the high price?
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472 views

Easiest way to set up non computer-literate person with Bitcoin

What would be the easiest/quickest way to get somebody who isn't computer-literate set up to have the ability to transfer money to me via Bitcoin? Also, Bitcoin touts that it is anonymous. Is it any ...
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What benefit does bitcoin provide over using a credit card?

I am brand new to Bitcoin. I am retired investor. What benefit would using Bitcoin have over, say, using a credit card, etc.? It appears that Bitcoin is primarily designed for businesses, buying, ...
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237 views

Ogrr market size

I've heard that [Ogrr] (http://ogrr.com/) has provided Bitcoin as its internal unit of trading. Could someone who knows the forum well provide us with information about: How large is the transaction ...
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Besides Bitfinex, which crypto currency exchange(s) have Trailing Stop Loss

I was using Bitfinex until they stopped allowing U.S. clients. They are the only exchange I know that has a Trailing Stop Loss feature. Are there any others? It's very dangerous to ones portfolio ...
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Does LTC price correlates to BTC price?

I always expected the LTC and BTC exchange rate to show synchronous tops/bottoms, but to my surprise LTC seems to remains stable during BTC crashes (and vice versa). Is this because I'm a novice at ...
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1answer
283 views

How can we trust big exchanges? [closed]

After reading the question What are ways a BTC Exchange could steal from its customers, and how can they protect themselves?, it would seem that you can't really trust the big exchanges (or anyone) ...
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Why do exchanges have a buy/sell column in their trade history?

Why is there a type column in the trade history on exchanges like btc-e.com and vircurex.com? If all the trades are between two users on the exchange why is a buy/sell type needed? And if there is one ...
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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 ...
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526 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 ...
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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 ...
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Library for trading on major exchanges

Is there a library which exposes order-book and trading functionality of major exchanges like BTC-e, Bitfinex, Cryptsy etc. ? I know these site have their own API but I wanted to re-use the code, if ...
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1answer
438 views

How do I legally set up an exchange?

I'm asking about legal concerns, not technological ones. If I'm based in the USA, should the exchange be a US company? If not, where should it be based? How is banking set up?
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Precisely what did Mt. Gox do wrong?

Everyone likes to trash Mt. Gox. There is a ton of hearsay out there. Can someone produce real evidence of their poor business practice? I was hoping to find their old website FAQ for example. ...
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351 views

How can I use Bitcoin to send a remittance payment to someone non-technical?

The existing remittance methods such as Western Union are pretty straight forward for the recipient ... after being notified, show up at any agent location, show ID and/or give a secret code and ...
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250 views

Have there been cases of traditional money theft from Bitcoin exchanges?

There have been a number of cases of thefts or losses of Bitcoins from a few Bitocoin exchanges, but has there ever been a case of traditional currency being stolen or lost by an exchange?
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What's the difference between a Bitcoin Wallet and a Bitcoin Exchange?

I was thinking about investing a small amount of money in Bitcoin: actually I'm having second thoughts about this, after all the fraud stories I've been told about on the Personal Finance site. ...
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1answer
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How are Fees Charged at Kraken?

How are fees charged when I initiate a trade? Are they subtracted from my order's volume? Are the fees applied separately from my account's balance? Can I set the currency I want my fees to be ...
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Will I pay BID price or lowest necessary amount?

I was wondering about how ASKs and BIDs are matched: Say I set up two separate trading accounts on mtgox. On my first account, I offer to sell 1 BTC for 1000 USD ...Nobody will buy it (at current ...
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What and where is the easiest way to convert bitcoin back to cash without showing ID?

so im thinking about purchasing a big bitcoin miner, but the question now is how do i convert my BTC back to cash? I don't feel safe giving out my info to mtgox or other exchanges as they require ...