ExchangeBitcoins.com: Difference between revisions
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===BTC=== | ===BTC=== | ||
There are no fees incurred when transferring bitcoins to an Exchange Bitcoins account. On viewing the Deposit page, a temporary address is issued that remains active for the logged-in account for 24 hours. After 72 hours this address becomes eligible to be assigned to process deposits from another account. Funds are available once [[confirmation|confirmed]] (6 blocks) and manually approved by the company. This process is stated to take 8 hours or less with an email option to expedite the deposit. | There are no fees incurred when transferring bitcoins to an Exchange Bitcoins account. On viewing the Deposit page, a temporary address is issued that remains active for the logged-in account for 24 hours. | ||
After 72 hours this address becomes eligible to be assigned to process deposits from another account. Funds are available once [[confirmation|confirmed]] (6 blocks) and manually approved by the company. This process is stated to take 8 hours or less with an email option to expedite the deposit. | |||
===Dwolla=== | ===Dwolla=== | ||
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This option is among the fastest and least expensive methods for adding funds to an Exchange Bitcoins account. The transaction fee on [[Dwolla]] costs $0.25. The process is stated to take 8 hours or less with an email option to expedite the deposit. | This option is among the fastest and least expensive methods for adding funds to an Exchange Bitcoins account. The transaction fee on [[Dwolla]] costs $0.25. The process is stated to take 8 hours or less with an email option to expedite the deposit. | ||
=== | ===Check=== | ||
Deposits to the exchange may be sent by check. Once the check has been deposited by the exchange, funds are available for trading typically 1 to 2 days later. | |||
==Withdrawing Funds== | ==Withdrawing Funds== | ||
Revision as of 15:42, 2 July 2011
A currency exchange market where bitcoins may be exchanged to and from U.S. dollars. Exchange Bitcoins Inc. is a corporate entity registered with the State of California.
ExchangeBitcoins.com has a simple look, a basic set of trading features, and a well-documented API. Accounts can be funded with Dwolla, wire transfer, check and of course bitcoin. Orders executed on the site cause the USD and BTC account balances to be debited and credited in accordance with the amount and price of the order. All trades take place with funds that were previously deposited with the company.
Trading
Buying
A buy order is executed partially or in full when the price bid can be matched against a sell order that is at or below the bid amount.
Selling
A sell order is executed partially or in full when the price asked can be matched against a buy order that is at or above the ask amount.
Fees
Exchange Bitcoins subtracts a 0.29% commission from both the funds going to the buy and seller in each trade that is executed. The price reflected in the Transaction History is true price at which bitcoins were sold however the quantity of USD or BTC going into the account shown in the corresponding +/- column will be lower by the amount of the commission.
Adding Funds
BTC
There are no fees incurred when transferring bitcoins to an Exchange Bitcoins account. On viewing the Deposit page, a temporary address is issued that remains active for the logged-in account for 24 hours.
After 72 hours this address becomes eligible to be assigned to process deposits from another account. Funds are available once confirmed (6 blocks) and manually approved by the company. This process is stated to take 8 hours or less with an email option to expedite the deposit.
Dwolla
This option is among the fastest and least expensive methods for adding funds to an Exchange Bitcoins account. The transaction fee on Dwolla costs $0.25. The process is stated to take 8 hours or less with an email option to expedite the deposit.
Check
Deposits to the exchange may be sent by check. Once the check has been deposited by the exchange, funds are available for trading typically 1 to 2 days later.
Withdrawing Funds
BTC
Bitcoins may be withdrawn at no charge.
Dwolla
Dwolla is among the fastest and least expensive methods for withdrawing USD funds from an Exchange Bitcoins account. The transaction fee costs $0.25. Dwolla withdrawals are stated to take 8 hours or less with an email option to expedite the withdrawal.
Check
This withdrawal method causes a check to be sent to you by mail. A $3 fee applies.
Direct Deposit
U.S.
There is currently no option for withdrawing funds through a direct deposit bank transaction. Funds withdrawn to Dwolla may then, in turn, be withdrawn with bank funds deposited as an ACH transaction.
Customer Service
The preferred method for obtaining service is to send e-mail with the request. There is also a toll-free +1-855 phone number on the Help Page where a message can be left.
API
Exchange Bitcoins offers a trading API which can be used to automate operations described above. There is also a Python library for interacting with this and other exchange's APIs.
Web
History
The exchange went online on June 14, 2011.[1]
See Also
External Links
- ExchangeBitcoins.com website
References
- ↑ [ http://forum.bitcoin.org/index.php?topic=16890 ExchB announcement on forum]