BitInstant
BitInstant is a new service that allows you to quickly and easily transfer funds into your online exchange account without delay. It provides a means to rapidly topup your account at one of several bitcoin exchanges far faster than the usual methods. Many bitcoin exchanges allow deposits of traditional currency such as the US dollar via methods which can be annoyingly slow. In some cases there can be delays of up to a week before the funds you deposit are available at the exchange site for conversion into bitcoins. During this waiting period, as with any currency, exchange rates can fluctuate and you may not get the same amount you would have been able to at the time you begun your deposit. Bitinstant makes most deposits happen instantly - within a matter of seconds in ideal cases, and in an absolute worst-case scenario they will still aim to have funds into your exchange account before a stated maximum deadline (on average about 30 minutes depending on various conditions).
BitInstant is currently in an exclusive partnership with TradeHill
Methods of Payment
Currently, top-ups can be funded via Dwolla, MtGox Coupon Codes, and Liberty Reserve with new ones rolling out.
Fees & Rates
BitInstant dynamically calculates fees based on various factors, and start at 0.26%. Discounted rates may be available for certain high-volume traders through special arrangement, contact them for more details Their rates can be viewed on their Rates & Fees page, as well as on their homepage.
History
The BitInstant Project was founded by two BitCoin traders Gareth Nelson and Charlie Shrem who saw the need for a quick, easy, and secure way of transferring funds to their Exchange accounts. Based on efficiency, transparency, and security The BitInstant Project aims to grow into the premier Bitcoin transfer service. Based out of New York City and The United Kingdom, they can be reached at info@bitinstant.com or our their IRC channel. Server: irc.bitinstant.com Channel: #BitInstant
API
BitInstant provides an API that may be used to automate various tasks with their service. To connect to it you may use either XML-RPC or a RESTful protocol using JSON. For XML-RPC, please point your client at https://www.bitinstant.com/api/xmlrpc. For RESTful JSON, please point your client at https://www.bitinstant.com/api/json.
Documentation can be viewed on their API page
See Also
External Links
- BitInstant Website
- Bored With Bitcoin? BitInstant Is About to Goose the Market By Making Trading Faster Article