Bitcoin Forum

 ITTY BITTY EXCHANGE – THE FUTURE IN INTERNATIONAL VIRTUAL CURRENCY TRADING

www.ittybittyexchange.com

Introducing a new, truly international exchange trading out of Hong Kong but with local presences in Australia, New Zealand, Bali, Israel, United Kingdom, United States, Canada, Vietnam, Bolivia and most of the European Union.

THE INSTANT EXCHANGE

On 11/11/13 we will launch the fixed price exchange component of Itty Bitty.  (7.5% to buy BitCoin, 2.9% to sell BitCoin) You will be able to anonymously purchase virtual currency using your local fiat currency in major banks throughout your country. Initially only BitCoin but with other virtual currencies like LiteCoin being added later. In this first month, only Australia, Hong Kong and New Zealand will be active for trading.

We should even be able to service the USA (You buying BitCoin) once we've obtained the relevant state licenses.

If you are selling us virtual currency, we can pay you via telegraphic transfer or by PayPal. Usually you will get your funds within 4 business hours, Australian EST. No longer than 24 hours.  

If you are buying virtual currency, we will usually send you coin within 4 hours. No longer than 24 hours.  

THE SPOT EXCHANGE

On 11/12/13 we are launching Itty Bitty stage 2 -  a full multi fiat / multi virtual currency spot exchange. Buy the cryptocurrency of your choice using whatever fiat currency you choose. Sell it too.

Depending on your location, you will need to provide identification.

Rates are 0.5% initially.

After doing business with us for 3 months and providing ID, you will become verified and the ability to send us electronic bank transfers (such as telegraphic transfers)  will unlock. We figure by then you are the genuine account holder and there wont be any charge backs. Until you are verified, deposits need to be done in a bank.

MONEY TRANSMISSION

Just like PayPal and similar to Western Union, you will be able to send funds (including cryptocurrency) direct to an email address of your choice. If the recipient doesn’t have an account with us, they will be invited to sign up. Fees are 1.5%. Half of PayPal’s.

Get enough sign ups and we’ll give you significant discounts on trades. Or even free trades.

BUY GOLD!

You can buy gold with whatever currency you choose and we will ship it to you. Anywhere in the world. Insured. Quickly. Competitively.  We’ve partnered with the largest online gold seller in Australia (Gold Stackers) to facilitate this.




Fully implemented KYC and AML policies protect you and protect us. All relevant financial licenses have been obtained in each of the countries we trade in and we intend to keep them.

Unlike other exchanges, we get your funds to you quickly. We answer our emails and if we screw something up, we fix it and wont make you wear the cost like some. We wont let you down.

Thanks for taking the time to read our announcement. See you in cyberspace!

https://i.imgur.com/Nn7PGscl.jpg (http://imgur.com/Nn7PGsc)

Looking good. I'll wait for someone to test it out.

I bought a big chunk of coin off them earlier

Took 3 hours to appear on my wallet


I will try them again in a week or so and report back

Always happy to help a human!

https://i.imgur.com/ezwS4pKl.jpg (http://imgur.com/ezwS4pK)

Will you trade alts?

Who are you?

Why should we trust you to hold our money?

Are the other posters in this thread your sock-puppets?

Why is there no contact information on your website?

Who is this "we" you keep mentioning on your website? Is this run by a team of people or just one guy hiding in his parents' basement?

Are you in the WoT?

How do we know your website is secure?

Do you have money-transmitting licenses from the governments of the areas in which you operate?

Who ARE you???

You're the right person to speak of trust.  :D

Huh? What I see for myself is:

What does it matter who is asking the questions? I have been burned in the past, so now I am a bit skeptical of anonymous people who want to collect all our money.

Cute robot. See here (https://bitcointalk.org/index.php?topic=124441.0).

User   Date   Risked BTC amount   Reference   Comments
Chaang Noi (Goat) ช้างน้อย 9: -0 / +17(17)   2013-08-15   1.00000000   Reference   Lost and or scammed a lot of BTC from the community. I would not trust this guy with my funds again.
Yes it does.

These are fair questions. I will go back to our board and ask them what information we can divulge.

In the interim, I can tell you this so far: We are funded by some private high profile investors in Australia.

There was extensive business planning performed from SWOT to exit strategy. Our risk assessment analysis was quite detailed.

During the planning stage, we engaged international taxation lawyers and corporate advisors in each of the jurisdictions we were assessing for potential trade. Part of our due diligence process involved officially contacting the relevant government bodies in each country we are operating in, outlining our business plan to them and asking what  their stance was on licensing. Some countries treat us simply as merchants. Others require licensing or at least an application to be lodged. Others like the USA are more stringent.

This is why we have rolled out in some countries but not in others. We are timing our spot type exchange release for around the time periods these licenses manifest. Or at least, the majority of them.


Our board possesses a great deal of commercial experience. There is a lawyer, an accountant, a very high profile marketing guru and all of the major shareholders own highly successful businesses.

As for WoT, we did not feel it relevant to our size of business however we recognize its importance to smaller traders. Our market research has indicated that the average person will not use WoT.

One of our major goals is to bring BTC to the masses. Our marketing campaign will reflect that. Believe me when I say that our branding is going to be prominent in the mainstream market's collective mind when thinking of BTC and virtual currency.

Our reputation will become self evident quite quickly. We wont let you down and know that to do so will have far reaching ramifications for us.

We recognize the importance of looking after all of you and will do so to the best of our ability.

We will be joining the BitCoin foundation this week.

I welcome all of your questions and will answer them where I feel we are not offering anything commercial in confidence or giving a competitor an advantage. 

BitBot

Is this verifiable ?


That is very easy to achieve, see what your fellow at Australia from inputs.io did. You just get some paid news about you, take the chance to say you are the most secure exchange, and whatever else fits like liquidity, fastest, and so on.


Again your fellow Australian from inputs.io ruined any value that could possibly add.

We are in no way shape or form associated with inputs.io.

As far as verification, we are happy to build our reputation slowly and reliably. If the board elect to share information about themselves then we shall do so.

In the interim,

If you choose to do business with us, you wont be disappointed.

If you choose not to, you might be.

BitBot.

Very interesting.

Thank you LaudaM

BitBot.

How would it be giving a competitor an advantage to say the names of the individuals behind this? You put up a whole lot of text without actually answering the questions asked.

This sounds fishy, and you are not making yourself sound any less fishy by typing prodigious amounts of sleazy marketing bullshit.

So far all I've seen is that there is some marketing guy in your team, definitively not a guru one. By now he should've been smart enough to either give you quality fake names to fill all your entire fake board or convince you to fully announce all the team.

You (or your marketing guy) realized that bitcoin projects commonly lack people with real name behind them, and there is opportunity for doing that differently for gaining credibility. Guess what ? You failed to achieve that.

We are currently running a 50% off fees promotion on our Facebook page. Please PM me for a code!

Right. Ignores the relevant questions, makes various vague assurances about "our research" and "our team", and stuffs in calls to action aimed at noobs.

You're officially in scammer territory. Get lost.

Has anyone tested it?

I've already responded but it appears the answers weren't read or ignored.

Let me re-iterate: I will discuss with the board at our next meeting what has been asked. If they vote to disclose, then we will.

No point responding to trolls. They've made up their mind. Nasty, rude and clearly one of them is a scammer accusing us of being scammers? Making statements about our marketing person without even knowing anything about them short of a few posts on a forum? Then tell us who you say.. Once again, I'm not in a position to share yet.

Good for them. No matter, we are already getting excellent business that far surpasses our expectations.

Anyone else, you are most welcome to use our service. You will find that we are not scammers. But I do encourage to judge for yourself.

Regards

BitBot

You did not actually answer any of the questions, you just spun a bunch of sleazy crap.

Maybe you do not understand how the trust system works here? Nobody who has been questioning you shows up as negative trust to me. I see Moderate is accused of scamming 1000000 bitcoins, but clearly that is just somebody upset about him calling out scams. Nobody trusts what the scammer says, so that rating does not show up in his trust rating.

"Making statements about our marketing person without even knowing anything about them" That is correct, we don't know anything about your marketing person, or anybody else on your "board". That is the point we are trying to make: you need to tell us more about yourself before we will trust you with anything.

"we are getting excellent business that far surpasses our expectations" ... You expected nobody to fall for this and you are suprised to be getting some traffic? Or maybe this is just a lie to try to convince people that it must be safe since other people are already using it?

Visit our Facebook page.

Itty Bitty Exchange

Plenty of people there leaving reviews. Contact them yourselves.

:)

Over 5000 likes and none of them bought. Easily verifiable.

BitBot

PS I love how you accuse us of being sleazy Peter, when you're the one with the poor reputation flags next to your name - what does it say? "Warning: Trade with extreme caution!"

How can someone verify that and why is it relevant to verify such thing ? Should we also verify that all the eggs following your twitter account are all good ?

Get onto the page and message randoms and ask them? It will become self evident from their responses that we haven't bought any likes and they are organic.

Or just read all the reviews? There's too many from too long established Facebook users to be a scam.

The only negative one we've had was were someone left a 0/5 by accident despite leaving positive words. We've tried to contact her but haven't had a response yet.

BitBot

/popcorn

What does my reputation have to do with anything? I am not the one here trying to sell a service! Classic scammer technique, ad hominem attacks against anybody who asks a question.

Happens on almost every topic.

No, you didn't answer. You listed lame excuses for being "unable" to answer the very, but very basic questions, those absolutely required of any business wishing to establish itself.

It doesn't matter what entity with which title told you about the excuses, it doesn't matter how much you'd like to be able to answer, it doesn't matter if you think the reason is alright or not. This is bitcoin, not grade school; you don't get a hall pass. You want to present a business, you want people to trust you with their money, you follow the steps and you do shit correctly, no excuses, no pauses, no maybes.

glad I could help give you some entertainment ;D

Generally it is the larger traders who are more concerned with the WoT. People unoncerned with the WoT at all tend to be smaller traders or simply people who haven't oriented themselves to Bitcoin yet. By eschewing the Wot in search of attracting "the average person" what you are actually accomplishing is getting written off by people knowledgeable about this space and instead appearing merely to target the more vulnerable people. It isn't a good impression to be making.


Kind Regards

I see a lot of accusations of potential foul play.

I see no-one saying they've been ripped off and there's plenty of people who have used us and are happy.

If you're here to spread FUD, then go to another thread until you've got something positive to add to the conversation. I'm staggered by the amount of cynical naysayers, all of whom seem to have some type of vested self interest in others failing.

Visit our Facebook page. Chat to the mainstream users, all of whom are delighted with our service.

BitBot

 https://i.imgur.com/6yWbP8Nl.jpg (http://imgur.com/6yWbP8N)

We can be suspicious.

All I did was ask a few questions that anybody should be asking and you started attacking me. That is not the usualy response from an honest person trying to grow their business.

If you were a scammer, you would be waiting for the amount of money flowing through the site to increase, so not having anybody complaining yet does not answer any of our concerns.

The only real accusation is that you aren't forthcoming with information and people who have been around are pointing out your presentation sucks.

Your presentation isn't even as good as most people who engage in foul play. Maybe with actual verifiable information you can fix this, gradually recovering once people know you have a team and who they are.

The web wallet functionality you have advertised though is brain dead.

They claim that their server has been security tested by the best in the industry, I found 16 open ports, including FTP (FileZilla), Windows File Sharing, Remote desktop, and others. Not to mention they are running Windows Server 2008 BETA. The web platform they use suffers from exploits quite often.

I brought this up with our developers - they say they open and close the firewall all the time as they need some of those ports to work on the server. Your port scan was done during one of those periods.  It was our second week of trading and adjustments are being done all the time. Thank for the heads up though.

Windows Sever 2008 - how are you coming to this conclusion?

Also, we don't have any wallet functionality until 11/12/13, so not need to worry.

BitBot

Wasn't 11/12/13 last Tuesday?

December 11th, so no.

btw, "no need to worry" is always funny :)

Wait, so you are trying to sell a service which is not even running yet? How can you be selling bitcoins without any wallet functionality?

Their server seems to have a direct connection to the internet as well. There is no reason to open all of those ports on the firewall (Even if one exists!), so this must be the case. Seems very dodgy to me.

i've sold 0.25 btc to them through Paypal, positive so far.  If anything changes I will re-post

Sent to 12oeKhJUi66TNz8ubtCqvPJ5LFmCtP6U4U
txid d020df79b42ec591510086aeef03d777211f1e654c45a654b438afeba73ec6c6

Merry New Year BitCoiners :)

We have a 50% off all trades today.

Use coupon code "50OFF50OFF"

Warm regards,

BitBot 1

Hi Bit Bot ... checking out your service. Website is a little unclear and I'm traveling now so not immediately able to fully test ... but I'll be able in a few days. Questions:

You can pay to a HK bank account? Website appears to suggest you only pay in AUD? Is that accurate?

You also pay to Paypal accounts? My paypal account is US and charges +3.9% for receiving international payments ... you would be making an 'international payment' in AUD to my Paypal account?

I got lots of BTC to sell ... trying to figure out what makes sense ...

Sorry for the tardy reply Indamuch, been travelling myself.

You can actually select which currency for the HK deposits on the system. As for PayPal, yes we send an international payment to you as long as you're not US based. You pay the PayPal fees. I believe its 3.9% plus 0.3 USD per $100 or something similar to this.

Warm regards

BitBot 1

PS we deal a lot with Hong Kong based customers with 100% success and happiness (check our reviews on Facebook - "Itty Bitty Exchange" is our group)