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Title: Bitfloor a good place to trade? Post by: SZD on April 12, 2013, 04:14:54 PM Anyone have recent experience with them? Wondering if my $$ is going to be safe or if it would be used to pay back hack victims.
Title: Re: Bitfloor a good place to trade? Post by: RandomQ on April 13, 2013, 01:22:15 AM I've done 5 digit trades with them in the last 30 days. everything has gone great
But there is risk involved because I don't think they have repaid the hack victims yet. Title: Re: Bitfloor a good place to trade? Post by: TimJBenham on April 13, 2013, 04:36:08 AM I've done 5 digit trades with them in the last 30 days. everything has gone great But there is risk involved because I don't think they have repaid the hack victims yet. So by depositing there you are lending money to someone with a record of not paying their debts. Title: Re: Bitfloor a good place to trade? Post by: RandomQ on April 13, 2013, 01:39:06 PM I've done 5 digit trades with them in the last 30 days. everything has gone great But there is risk involved because I don't think they have repaid the hack victims yet. So by depositing there you are lending money to someone with a record of not paying their debts. Yes, but the service they offer is worth the risk to me. Title: Re: Bitfloor a good place to trade? Post by: infested999 on April 14, 2013, 04:57:10 AM Right now they trade at always a 10% higher price than any other exchange because they are the only exchange that allows low-fee cash deposits. There is no way for my to get my money off bitfloor unless I send my bitcoins off to another exchange with loss.
Title: Re: Bitfloor a good place to trade? Post by: SZD on April 14, 2013, 05:54:29 AM Right now they trade at always a 10% higher price than any other exchange because they are the only exchange that allows low-fee cash deposits. There is no way for my to get my money off bitfloor unless I send my bitcoins off to another exchange with loss. What do you mean? They have ACH bank transfer don't they? Title: Re: Bitfloor a good place to trade? Post by: gweedo on April 14, 2013, 06:01:44 AM They were hacked, cause of the stupidity of the owner by leaving a cold storage wallet open and lost about ~25,000BTC so I wouldn't use them until they pay back the people they ripped off.
Title: Re: Bitfloor a good place to trade? Post by: zakoliverz on April 14, 2013, 08:51:46 AM Anyone have recent experience with them? Wondering if my $$ is going to be safe or if it would be used to pay back hack victims. I would not trade @ Bitfloor. Title: Re: Bitfloor a good place to trade? Post by: LorenzoMoney on April 15, 2013, 02:49:48 AM This is just my opinion.
I have been using bitfloor since February. I have found that I like their interface more than that of MtGox. (I use MtGox also.) Their customer support responds to my emails within 24 hours. They are a bit snarky at times, but given that they have consistently gotten back to me in 24 hours or less, I can accept that these guys got their degrees in computer science and not hospitality. Also, in you live in the USA, it is easy to fund your trading account on Bitfloor. You can use LocalTill and make an in person deposit at any Bank of America, and your funds will be in your account in less that 40 minutes. I have no financial interest in Bitfloor and do not know any of the owners, but I do recommend Bitfloor. (I also use MtGox and CampBX.com ) EDIT: This addition is being written on 4/17/2013 at 10:20 PM EST. Bitfloor shut down. I did enjoy using Bitfloor. But, now, they shut down and they owe me money. Guess I was wrong about what I said about about trusting Bitfloor. Title: Re: Bitfloor a good place to trade? Post by: Han on April 16, 2013, 04:57:15 PM Part of your money, if you mean the trading fees, is being used to repay the hack victims. Roman has made 2 repayments so far, totaling 2.7% of the total, so he still has a while to go.
Title: Re: Bitfloor a good place to trade? Post by: bizz on April 18, 2013, 01:12:01 AM Part of your money, if you mean the trading fees, is being used to repay the hack victims. Roman has made 2 repayments so far, totaling 2.7% of the total, so he still has a while to go. Aaaand he just closed shop: Quote from: bitfloor I am sorry to announce that due to circumstances outside of our control BitFloor must cease all trading operations indefinitely. Title: Re: Bitfloor a good place to trade? Post by: ramus313 on April 18, 2013, 12:12:21 PM Not anymore, their Us bank account just got closed, and it looks like they are shutting down.
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