World Bitcoin Exchange: Difference between revisions
Created page with "A exchange offering AUD (BTC/AUD) trading. Traders add funds and then place orders to buy and sell. World Bitcoin Exchange acts as an escrow. Funds ar..." |
No edit summary |
||
| Line 5: | Line 5: | ||
Funds are credited after trading immediately to accounts wherein they can be withdrawn. | Funds are credited after trading immediately to accounts wherein they can be withdrawn. | ||
World Bitcoin Exchange operates the Australian Bitcoin Exchange, in association with Intersango Software, Intersango Software is open source software by [[Bitcoin Consultancy]] which operates Intersango EUR exchange well as the [[Britcoin]] GBP exchange and the Intersango.us USD exhange. | |||
==Trading== | ==Trading== | ||
Revision as of 09:54, 1 September 2011
A exchange offering AUD (BTC/AUD) trading.
Traders add funds and then place orders to buy and sell. World Bitcoin Exchange acts as an escrow.
Funds are credited after trading immediately to accounts wherein they can be withdrawn.
World Bitcoin Exchange operates the Australian Bitcoin Exchange, in association with Intersango Software, Intersango Software is open source software by Bitcoin Consultancy which operates Intersango EUR exchange well as the Britcoin GBP exchange and the Intersango.us USD exhange.
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.
Dark Pool
No support for dark pools exist.
Fees
Trading
In order to pay for server space, bandwidth, programmers, designers, and other costs, World Bitcoin Exchange imposes fees on every transaction performed by all users of the website, as follows:
0.1% (capped at 0.025 BTC) when buying BTC
0.6% (capped at 0.25 AUD) when selling BTC
Adding Funds
BTC
There are no fees incurred when when transferring bitcoins for deposit. Funds are available once confirmed (4 confirms), a process that can take roughly an hour.
AUD bank deposit
The exchange charges no fees for a direct bank deposit (eft). Details are available on site and the user will need to quote a reference code from their account. No fees.
Withdrawing Funds
BTC
Bitcoins may be withdrawn at no charge.
AUD bank withdrawal
The exchange charges no fees for a direct bank Withdraws (eft). Details are available on site and the user will need to enter bank details to complete a withdraw request. No fees.
API
Unknown.
History
The service was launched on August 10th, 2011[1]. The Intersango open source software that the exchange runs on was announced on March 17, 2011[2].
See Also
External Links
- Australian Bitcoin Exchange AUD exchange website
- Intersango exchange project on Github