Bitcoin Forum

Coin Market trades USD to 7 different alt coins, and coin to coin trading as well. We're open to the public in beta. You can deposit coins or your USD options:

Dwolla
Money Order
Wire
ACH - coming soon

Visit us at https://www.coinmkt.com/ (https://www.coinmkt.com/)

Nice looking site!

Thanks!

Can you add ZET? 

FTC at it's true value LOL

~BCX~


https://i.imgur.com/RFGjRKK.png

Very nice! Will you add more coins in the future ?

Sorry I had to laugh at the giant red arrow.

We're looking into the price discrepancy, we pull pricing from many different APIs and sources, we'll get it fixed. Thanks for pointing it out!

Nice looking site, hope you do well!

It is certainly a great looking exchange, though I'm curious, why did you choose to only host the same coins as btc-e? Fiat -> coins is what everyone needs.. but there are some better coins out there that are more fairly distributed. It's common knowledge the NVC dev has a huge hoard he premined, along with similar situations for FTC and PPC regarding instamining.

I'm just irritated that obvious premined scams like NVC continue to be supported, when there are developers actively trying to bring as much fairness to the network as they can. Would you consider hosting different coins? Why only those seven?

good job,
I hope the BUK on your trade market.

No prob, was all said in jest!


~BCX~

Have been trying to use the site since launch but it is still very buggy. Looks great and I hope it improves but my first impression is not positive. :/

This is really a nice looking exchange

Yes we are definitely in beta, but we've implemented a ton of bug fixes in the past 3 days - try clearing your cache and visiting us again, the experience / feedback we've been getting is all positive. Let me know of any issues you encounter.

Thanks!

pls add tekcoin TEK

We are open to accepting other coins as well as evaluating the coins we currently accept. Generally speaking our criteria for coins is:

1. Active community
2. Good development
3. General Interest
4. Potential uses for commerce, merchants currently accepting the coin etc.

We will refine this over time, but your feedback and coin suggestions are always welcome.

Looks great. Good luck with the site!

Hi,

Would you like to add Anoncoin to your exchange? :)

It's currently doing good on Cryptsy, but there is too many coins there now IMO.

You're welcome to send any information on new coins you have to support@coinmkt.com. Though we obviously can't support every coin that comes out, we promise to review anything we receive.

I tried coinmkt few days after open, buggy, errors showing around. Seems quiet, no volume and I don't see no ads on bitcoin sites.

We're in public beta and working on fixing the errors, the vast majority of them have been knocked out.

Volume is picking up as well, we've filled several hundred orders, not bad for just 11 days open.

Thanks for checking us out!

Is your site legal...? I.E. does the government know you are running an exchange that trades in USD...?

ha! this replaced my morning cup of coffee...

why would they take him down when he is just starting out? they will wait until has a few million in his bank account b4 they go after an exchange... no money to steal = govment does not show up...

the govment is to busy doing this, heads stuck so far up asses.....

http://rt.com/usa/teen-facebook-arrested-prison-628/  --- gotta love how RT news does not censor shit ....

http://www.huffingtonpost.com/2013/07/03/teen-jailed-facebook-comment-justin-carter-suicide-watch_n_3542770.html

http://www.theblaze.com/stories/2013/07/11/texas-teen-arrested-over-terroristic-facebook-comment-is-out-on-bail-thanks-to-annonymous-500000-donor/

To be honest I was less worried about them going after him and his exchange and more worried about them going after users of the site if it's not legal. Bitcoin/altcoin exchanges are getting to be a multi-million to multi-billion dollar a year industry, that is the only reasont he government has taken ANY interest in bitcoin at all.

They may not go for him/his clients right away, but if he meets with any amount of success they WILL take notice.

yep... agreed... were the mighty hand of justice decides to fall is a whole other mystery though... what the government knows and what they choose to react to are 2 totally different skewed irrational piles of poo...

The US gov can and has gone after exchanges and cryptocurrenies. They already went after Dwolla specifically used on Mt.Gox. Some guys BTC were taken as part of evidence that he was involved in some black market crap. There have been many exchanges over the short time that these cryptocurrencies have been around that have been shut down for various reasons. I would be worried about the governments involvement, as well as the relationship this new trading site has with money order institutions, banks, Dwolla etc.

To answer your question:

Yes the government knows about us because we've registered with their FinCen - our number is listed on the site. There is still a lot of 'gray area' when it comes to regulating Bitcoin & other cryptocurrencies - no one has all of the answers. But if you keep in mind the goals of:

- allowing financial innovation to happen and flourish
- while preventing fraud and money laundering

We think if you go about building your business with those two goals in mind, you'll do ok, and that's the approach we're taking.

Nah,  it is means of resources.  Bigger fish get the attention.  Is has less to do with the money than you think.
.

I love your exchange, excellent work!

Please let me know what we need to do to get Cryptogenic Bullion added. I know my associate MercSuey has written to you as well.

CGB is one of the best crypto currencies on the market today. Take a look and see how it stacks up to any other crypto available and you will be impressed. Here are some of it's qualities:
- Rarity - 1 million CGB cap with a yearly inflation of .5% after that
- Security - PoS/PoW hybrid - so has added resistance to 51% attacks
- Intelligent Design - One of the best difficulty algorithms around to prevent raping by multi-pools
- Supply/Demand - Rapidly reducing subsidy algorithm to assist in a steadily increasing price due to reducing demand
- Speed - Extremely fast transaction time
- Financial Backing - An advertising budget of over $2k per month
- Ongoing Development - An extremely active development team
- Popularity - A strong community following (over 8k likes on Facebook)
- Future - Very large game-changing projects in the works

Thank you in advance for your consideration and keep up the great work!


 

Travis,

What is the reason behind the 30 days waiting period before I can withdraw my bitcoin?  That is a long time to wait.  I might as well sell it and withdraw the cash.  


-tb-


Edit:  How come I didn't have to wait for LTC withdrawal?

Is this restriction still in place?   If so, that would make me more comfortable using CoinMkt for my trading.

I have a concern about having my bitcoins sit at an exchange (while waiting for an opportunity to sell, such as a potential to profit from arbitrage) but am afraid that with an exchange that also deals with alt-coins that I am at risk should the exchange suffer losses due to a successful 51% attack against an alt-coin.  This concern exists even if I don't touch any alt-coins because in most jurisdictions, once I deposit my bitcoins with the exchange, I have a liability from the exchange that is no different from anyone else's liability.   Specifically, if the exchange suffers losses from a hack attack, 51% attack or any other reason, I would not be guaranteed I could get my bitcoins back.  I shared this concern in a blog post:
 - http://bitcoinmoney.com/post/53207712103

When Mt. Gox announced that they were coming out with Litecoin trading, I asked some questions:
 - http://bitbin.it/raw.php?id=R2Fko5Iq

But never got an answer other than a response that my "concerns will be considered".

When Kraken announced tat they were supporting alt-currencies, I asked a similar set of questions and got straight answers:
 - http://bitcointalk.org/index.php?topic=290799.msg3126507#msg3126507

So I would like to describe four specific scenarios that I would like to know what CoinMkt's policy is should they occur:

A.) My CoinMkt exchange account holds only fiat and bitcoins, and I've never traded for altcoins.  Would I be exposed to any risk of loss to those funds should there be a successful 51% attack against an altcoin that CoinMkt supports?

B.) I have a balance of an altcoin and fiat, but had none of those altcoins deposited to CoinMkt in any block that was ultimately orphaned as the result of the 51% attack.  Would I be exposed to any risk of loss to those funds should there be a successful 51% attack against that altcoin?

C.) I had bitcoins at CoinMkt and I traded them for an altcoin.  Following this trade the attacker released blocks that resulted in a double spend such that the that altcoins I received were from the attacker's account (i.e., an altcoin deposited with a transaction that no longer confirms or was double spent).  Following the successful 51% attack against the altcoin, do I still have my altcoins that I purchased that I can withdraw (or trade back into Bitcoins)?

D.) In my CoinMkt account I had deposited an altcoin from a block that utimately was orphaned as the result of a successful 51% attack against the altcoin.   Before the attack I was able to trade those altcoins for bitcoins which remain in my account.    After the successful 51% attack against the altcoin, do I still have the ability to withdraw those bitcoins?

ADD PRT = Particle Coin

We would only ever impose withdrawal restrictions if a payment method was used that can be charged back. This is why Bitcoin is superior to fiat currency, but unfortunately how scammers can take advantage of exchanges.

But to answer your questions - we've come quite a long way since this thread was started. Check us out, trading 9 coins and more to come!