ExchangeBitcoins.com: Difference between revisions
Remove Dwolla as deposit method and add Bank Networks for Popmoney and ING Person2Person. |
updating payment methods and mention two-factor auth |
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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. | 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. | ||
The site recently rebranded on the ExchB name and introduced a new logo and simplified layout. | |||
ExchB has a simple look, strong security with two-factor authentication, and a well-documented API. Accounts can be funded with check, ING Direct Person2Person, wire transfer, 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== | ==Trading== | ||
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===Fees=== | ===Fees=== | ||
Exchange Bitcoins subtracts a 0. | Exchange Bitcoins subtracts a 0.54% 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== | ==Adding Funds== | ||
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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. | 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) | After 72 hours this address becomes eligible to be assigned to process deposits from another account. Funds are available once [[confirmation|confirmed]] (6 blocks) by the Bitcoin network. | ||
==Bank Networks== | ==Bank Networks== | ||
=== | ===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. | |||
===ING Person2Person=== | ===ING Person2Person=== | ||
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Those who bank with ING may use the Person2Person transaction to add funds to their accounts. Funds will become available for trading in three business days in most instances. | Those who bank with ING may use the Person2Person transaction to add funds to their accounts. Funds will become available for trading in three business days in most instances. | ||
=== | ===Wire Transfer=== | ||
Deposits | Deposits may also be wired with the information to wire being available on the user's Deposit page. | ||
==Withdrawing Funds== | ==Withdrawing Funds== | ||
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Bitcoins may be withdrawn at no charge. | Bitcoins may be withdrawn at no charge. | ||
=== | ===Check=== | ||
This withdrawal method causes a check to be sent to you by mail. A $3 fee applies. | |||
=== | ===Wire Transfer=== | ||
Deposits may also be wired with the information to wire being available on the user's Deposit page. | |||
===Direct Deposit=== | ===Direct Deposit=== | ||
====U.S.==== | ====U.S.==== | ||
There is currently no option for withdrawing funds through a direct deposit bank | There is currently no option for withdrawing funds through a direct deposit bank transaction. | ||
==Customer Service== | ==Customer Service== | ||
Revision as of 09:56, 5 August 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.
The site recently rebranded on the ExchB name and introduced a new logo and simplified layout.
ExchB has a simple look, strong security with two-factor authentication, and a well-documented API. Accounts can be funded with check, ING Direct Person2Person, wire transfer, 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 0.54% 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) by the Bitcoin network.
Bank Networks
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.
ING Person2Person
Those who bank with ING may use the Person2Person transaction to add funds to their accounts. Funds will become available for trading in three business days in most instances.
Wire Transfer
Deposits may also be wired with the information to wire being available on the user's Deposit page.
Withdrawing Funds
BTC
Bitcoins may be withdrawn at no charge.
Check
This withdrawal method causes a check to be sent to you by mail. A $3 fee applies.
Wire Transfer
Deposits may also be wired with the information to wire being available on the user's Deposit page.
Direct Deposit
U.S.
There is currently no option for withdrawing funds through a direct deposit bank 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]