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A Bitcoin currency exchange which operates a BTC/SEK market based in Sweden. | A Bitcoin currency exchange which operates a BTC/SEK market based in Sweden. | ||
==Trading== | ==Trading== | ||
Revision as of 05:55, 19 July 2013
A Bitcoin currency exchange which operates a BTC/SEK market based in Sweden.
Trading
Buying/selling
You specify the quantity of Bitcoins you wish to buy/sell at a price.<br\>
Once you have submitted a trade, the following chain of events take place : <br\>
1. FYB will try to fill your order with other pending orders at the same or better price than you indicated.<br\>
In other words if you try to buy 1BTC at 100kr, FYB will attempt to fill your order with the lowest selling price orders up till 100kr.<br\>
If there are sell orders below 100kr, you will be filled at a better rate.
2. If your entire order is filled, execution stops.<br\> If there is a partial fill(ie. only 0.8BTC could be bought at/below 100kr) then the remaining qty is listed as a pending order(Buy Pending Order 0.2BTC at 100kr)
Adding funds
BTC
There are no fees incurred when depositing bitcoins for deposit.<br\>
Deposited coins require 6 confirmations and are reflected in the account balance on the next login.
SEK
There is currently 1 supported method for SEK Deposits<br\>
Online Bank Transfer
A screenshot should always be taken and saved to resolve any potential issues.<br\>
Withdrawing funds
BTC
Bitcoins may be withdrawn for 0.0005BTC(includes Bitcoin Network fee).
SEK & Others(ie NOK/DKK/EUR etc)
There is no fee to withdraw SEK to almost any Bank account.
Fees
A fee of 0.8% is charged in the longed currency of any executed trade.
History
The exchange was launched on the 1st of July 2013.
See Also
External Links
- FYB-SE web site