Bitcoin Forum

Bit Innovate is offering bitcoin services in Australia & New Zealand.

About Bit Innovate
Bit Innovate is an Australian owned initiative with the intention to promote and provide innovative services for Bitcoin.

Bit Innovate facilitates the purchase and sale of Bitcoins with Australian Dollars (AUD) & New Zealand (NZD). This fast and easy to use local service resolves the need for individuals to send money overseas to international Bitcoin exchanges.

Bit Innovate is located in Sydney, Australia and run by a group of IT professionals

For more information on Bit Innovate contact us at support@bitinnovate.com

Stay tuned, this is only the beginning…

All feedback and comments welcome. http://www.bitcoinfeedback.com/viewuser.php?id=560

Cheers,

The Bit Innovate Team
www.bitinnovate.com

Hi Damien,

Any plans on buying btc from public ?

Yes. This is one of the offering we are working on at the moment. Watch this space...

Hi all,

Bit Innovate is giving away an extra 2% of Bitcoins on every purchase for today only! Make an order through our site and once the funds have cleared we will add the extra 2% to your total BTC order.

Thanks,
The Bit Innovate Team

Hi all,

We just wanted to  to let you all know about a few changes that we have made to our website this morning.

The first thing you will notice if you have used our service before, is that we changed the way we display our price and that we have reduced out commission to 9.9%.

We have also added a ticker from mtgox that displayers both AUD and USD prices and history.

We have put these changes in place to help us better deliver new products in to near future and hope to be launching our latest product in the coming week.

Thanks and we welcome your feedback.

The Bit Innovate Team

Our Bit:anything service it unavailable at this time. Check back soon.

Bit:anything
Buy almost anything with Bitcoin
https://bitinnovate.com/bit_anything

A note and apologies: At the moment, this service is for Australia & New Zealand only, but if everything goes according to plan, it will be expanded to the rest of the world in the future.

Bit Innovate is pleased to announce our latest product; Bit:anything BETA, a service to buy almost anything with Bitcoins.

All you need to do is go to our website, fill out the form telling us what you want and from what site, then pay us in Bitcoins. We will then purchase what you want on your behalf and have it sent directly to you.

Why would you use this service?
Because you can now buy almost anything with your Bitcoins.
Because you don’t want your private purchase showing up on your credit card statement.
Because now you can say to all the haters that you were able to buy your new laptop, camera, mountain bike, microwave, dildo or e-book using Bitcoin.
Novelty value.
Or, just because, okay?
 
What about warranty/DOA/ELF?
The item/s will be purchased from the site using our account and sent to your address and we will forward on all correspondence we receive directly to you. If you have any issues with the product, we will forward on all email and correspondence on your behalf to the retailer. If you need to return the product for any reason we will provide you with the details to make this happen.
 
Limitations of the service
As this is a BETA service there are some restrictions to this service while we iron out all the kinks.
We will only purchase items from what we deem reputable sites.
This service is only available to sites that accept Australian dollars.
We can only ship to Australian addresses (No PO Boxes).
 
If for some reason we are not able to purchase the item/s, we will of course refund you in full.
For a full list of our terms and conditions go to https://bitinnovate.com/terms

The Bit Innovate Team
www.bitinnovate.com

We are pleased to anounce that this service in now available in New Zealand

Our website upgrade is now live. Check out Bit Innovate v2.0 https://bitinnovate.com/

9.9% commission? that's insane..

A New year and a new commission!

Bit Innovate is please to announce that we have permanently reduced our commission rate by more that 20% for our Buy Bitcoin service in Australia.
 
https://bitinnovate.com/a-new-year-and-a-new-base-commission-of-7-9/

We are pleased to announce the launch of our Sell Bitcoins service for AUD
https://bitinnovate.com/sell-bitcoins/

Bit Innovate is please to announce the launch of our Buy Bitcoins service in New Zealand.

https://bitinnovate.com

I sold a handful of Bitcoins with this crowd on Friday.  Got my money today by DD to an Australian bank. Seems like a good service so far!

Thanks for the feedback julz

I used this service to sell BTC on the 02/04/13 and although I was told I would recieve the funds "within two business days". Its 04/04/13 with 15 minutes til the end of business hours and I'm chasing my money. I'll let the community know how it works out. There has been very heavy volume at MTGOX with complaints about lag (At least in the BTC-E Chat, where I happened to be lurking), but it raises some interesting questions about BTC. For example, while one of BTC's advantages is the decentralistion of trust, (you can't trust the banks, but you can trust the network) I and, I note, many others do not trust services within the bitcoin economy due to the hacks and scams it has been plagued with.
  To be fair to Bitinnovate, It is probably due to circumstances beyond their control, but the only advantage they can offer over selling directly on MTGOX is speed (as yet undetermined) and simplicity of service (which is excellent)

Well, obviously Bitinnovate is well aware of the need for speed, I was contacted by support and the problem was a mistyped BSB number. It's the first time support anywhere replied to me within 15 minutes of contact. I expect that the funds will be availible tomorrow. I'm glad I used their service, god knows how difficult it would have been to sort out via a stressed by demand major exchange. ;)

Some of my acquaintances have bought using Bitinnovate - and one mentioned that the bank teller was curious about it and said that they had seen a few deposits to 'bitinnovate' in the past day.
That's just one branch - so they must be doing a fair volume of trade!

I've now sold a few times using this service and had no problems.

I do hope that Bitinnovate has good relations with their bank manager(s) and is doing all the right things as far as AML laws...  It'd be a shame to see this service get unwanted attention from regulators due to the sheer demand for the service!

Bitinnovate - do you hold some capital in reserve in a separate bank account so that if your main trading account is frozen, you can still return whatever was in-flight during the freeze (or at least a good proportion of it)?

I'd love to use them, but I just can't justify paying twice the commission compared to MtGox.

Yeah.. that's what one of my friends said.  By the time she managed to set up a mtgox account and get funds into it - she paid much more than she would have at bitinnovate.
MtGox is good for catching a dip though.

We have our funds distributed between a number of banks. Just like our BTC is held in a number of wallets. We will never keep everything in just one place. Having single points of failure is something we wish to avoid.

One of the major reason we don't accept EFT is not because fraud will leave us out of pocket but because it will tarnish our relationship with our banks and this is very important for us to maintain. We have just seen another Bitcoin company Bitfloor shut its doors for this very reason. https://bitfloor.com/

I'm currently based out in Sydney and want to wish you guys the best of luck. Australia is under-represented in the bitcoin market. If any of you guys wanna meet up to talk, give me a shout. I've worked with a number of the big players in the market and have been to the MtGox office in Tokyo so always have plenty of ideas :)

Thanks Seal. We are always happy to chat with anyone in the BTC space. We have been considering a meetup at some point this year. Maybe around our one year antislavery (august) time depending. If you ever wanna chat feel free to PM us. 

This mob are good. Best rates for small transactions. Last buy took 24mins between cash deposit and bitcoin in my wallet. Last time I sold bitcoin I got my cash in my account the same day 8)

Thanks jingos,

Glad to hear you are happy with our service and thanks for the feedback.

I love the marketplace competition. For buying BTC with NZD, can you do an online transfer, or is it strictly over-the-counter too?

We can only accept over the counter cash payments at this stage.

I have used these guys 5 times in the last 6 weeks and have received good service every time. Service seems to actually be getting even faster over time, not that it was slow to begin with.

The commission is high, but the service has justified it for me, so far.

Yeah, they have excellent service, I received my coins within minutes of depositing the cash. So while I'm with you on the tremendous service part, the fees are a little too high for my liking. Next time I want to buy coins I'll probably try buying from a trusted forum member.

Hey there guys. Bitcoin Sydney is arranging a meetup, it would be good to have you guys there to represent and to drum up some business:

https://www.facebook.com/events/658653077494400/?ref=22

https://www.facebook.com/pages/Bitcoin-Sydney-Australia/457681220943285

Hope to see you there.

Thanks for the heads up. See you there

You asked and we delivered! For the full month of June 2013 we have reduced our rate by 25%. From 7.9% to 5.9% commission on our Buy Bitcoins service.

https://mediabi.s3.amazonaws.com/wp-content/uploads/2013/06/bitinnovate-robot-robot-sale.jpg
www.bitinnovate.com

That's awesome, guys. Just in time for my birthday :P

Purchased 1BTC an hour and a half ago and still haven't received email confirmation or coins. I received both in minutes last time. I hope nothing went wrong.

EDIT: And they're here!

Any plans to add service to withdraw directly to NZ bank accounts for New Zealanders?

This is something we are looking into at present.

I have a quick question. When people send you the funds, do you send the Bitcoins/email as soon as you receive those funds? It's just that I've done two transactions, one was very fast, and the other took a bit longer. What's the reason for this?

I have used Bitinnovate so many times now.

I've used them both to buy coins, and to sell them.

Sometimes I've sold them to fund my credit card and sometimes to buy items elsewhere such as ebay etc. Every time things have gone smoothly, until...

Today the site does not appear to be up at all? I hope this is simply a temporary thing and not some kind of serious attack. Does anyone else have similar issues with the site?

Hope you are back up soon...

Any suggestions on other places I can easily sell 1 coin? I just want some funds deposited to an Australian account for the weekend... just 1 BTC for whatever the Gox rate is at the time... cheers.

edit.

Ok... the site is back up again with the following announcement.

"Our Sell Bitcoins service is currently closed

We are working through some unexpected issues and hope to have it up again soon. We expect to have an update by the middle of June. We apologise for any inconvenience caused. -The Bit Innovate Team, 4 June 2013"


This is what happens to companies that try to play within the law... I'm disappointed they've failed to stand up to the bullies... I half expected Bitinnovate to keel over like everyone else... but was hoping they would put up more of a fight.

Very disappointing... the bureaucrats come in a ruin your business... what do you do? or was it the banks? They are just as bad... oh well... looks like I'll be keeping my bitcoin... spending it at SR or some such thing...

Good bye Bitinnovate... I don't expect you will be back any time soon

dammmm, I have sold my bitcoins twice so far without any issues for well over $1000 and now that service is closed as I was just about to offload some more from mining...

IS there an alternative service to get funds in AUS bank account without using MTGOX...

LocalBitcoins?

If you're in Melbourne CBD area, I may be looking to make a small ($100) purchase.

Sorry mate I'm in Sydney, unless you want to do bank transfer let me know

How " easy " is it for New Zealanders to buy BTC with you guys?

Very easy. All you need to do is place an order on our site and then make payment within 4 hours at any ASB.

Why is this site down?

0.001 says the ATO seized their assets for non-GST compliance :P

https://bitcointalk.org/index.php?topic=241848.0

Does anyone knows which forum uses Australian peeps for mining and cloud platforms?

You can order bitcoin online from anywhere around the world and get your Bitcoin wallet funded instantly. Various online seller accept various payment method like credit card and paypal.  This website deliver instantly  www.ukashonlinevoucher.com/ (http://www.ukashonlinevoucher.com/)