|
Title: Next sudden volume increase: Bitstamp Post by: apetersson on June 13, 2012, 08:51:40 AM Bitstamp, a nice solid exchange located in europe was having a solid steady growth. recently this happened:
http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=&i=Daily&c=1&s=2011-12-17&e=2012-06-14&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=1&ps=0&l=0&p=0& apparently some bitcoiners are switching to this exchange. i can understand why. very low fees and good legal standing in europe. what is still missing is some more market depth. Title: Re: Next sudden volume increase: Bitstamp Post by: ahbritto on June 13, 2012, 09:00:30 AM what is still missing is some more market depth. The depth is deceptive. Despite the apparent lack of depth, earlier today Bitstamp sold over $50k of Bitcoins. I think of today as a test for Bitstamp and they came through with flying colors. Title: Re: Next sudden volume increase: Bitstamp Post by: Serge on June 13, 2012, 09:02:10 AM i'm seeing different volume at bitcoincharts
http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=180&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0& although it's still kind of huge Title: Re: Next sudden volume increase: Bitstamp Post by: apetersson on June 13, 2012, 09:13:10 AM my graph is in USD volume yours in BTC
Title: Re: Next sudden volume increase: Bitstamp Post by: Technomage on June 13, 2012, 09:36:27 AM Bitstamp is a great exchange, it deserves some more volume. Hopefully this will attract more liquidity to Bitstamp.
Title: Re: Next sudden volume increase: Bitstamp Post by: bitdragon on June 13, 2012, 09:43:07 AM I will be bringing some humble liquidity there shortly :)
Title: Re: Next sudden volume increase: Bitstamp Post by: BTCurious on June 13, 2012, 11:12:48 AM There was a sudden askwall of 9k BTC at $5.90. People rushed in to eat it :)
But seriously, it's a nice exchange, I like it a lot. Title: Re: Next sudden volume increase: Bitstamp Post by: EuSouBitcoin on June 13, 2012, 12:15:56 PM I think BitStamp is a good choice for traders in Europe. For those in the US, I think BitFloor is a better option. The reason is how easy or difficult it is to send fiat currency to these exchanges. BitStamp offer SEPA for both deposits and withdrawals. BitFloor offers ING Direct P2P and PopMoney for deposits and ACH transfers for withdrawals.
Title: Re: Next sudden volume increase: Bitstamp Post by: BTCurious on June 13, 2012, 03:57:14 PM I think BitStamp is a good choice for traders in Europe. For those in the US, I think BitFloor is a better option. The reason is how easy or difficult it is to send fiat currency to these exchanges. BitStamp offer SEPA for both deposits and withdrawals. BitFloor offers ING Direct P2P and PopMoney for deposits and ACH transfers for withdrawals. Agreed, BitStamp is mainly a European market, even though it's listed in dollars. It has reasonably good connections with the USD market though, via mtgox coupon codes for example.Title: Re: Next sudden volume increase: Bitstamp Post by: kangasbros on June 13, 2012, 10:23:20 PM I have heard that bitcoin SEPA deposits and withdrawals take something like 1-2 days. That is awesome and requires mention.
Title: Re: Next sudden volume increase: Bitstamp Post by: SgtSpike on June 13, 2012, 10:30:34 PM I think BitStamp is a good choice for traders in Europe. For those in the US, I think BitFloor is a better option. The reason is how easy or difficult it is to send fiat currency to these exchanges. BitStamp offer SEPA for both deposits and withdrawals. BitFloor offers ING Direct P2P and PopMoney for deposits and ACH transfers for withdrawals. I just wish Bitfloor had more volume...!Title: Re: Next sudden volume increase: Bitstamp Post by: notme on June 13, 2012, 10:59:52 PM I think BitStamp is a good choice for traders in Europe. For those in the US, I think BitFloor is a better option. The reason is how easy or difficult it is to send fiat currency to these exchanges. BitStamp offer SEPA for both deposits and withdrawals. BitFloor offers ING Direct P2P and PopMoney for deposits and ACH transfers for withdrawals. I just wish Bitfloor had more volume...!Chicken... meet egg. Title: Re: Next sudden volume increase: Bitstamp Post by: BTCurious on June 13, 2012, 11:08:32 PM I have heard that bitcoin SEPA deposits and withdrawals take something like 1-2 days. That is awesome and requires mention. This is true :) Except on mtgox, there they take 10 days or so.Title: Re: Next sudden volume increase: Bitstamp Post by: nimda on June 14, 2012, 02:23:55 AM I think BitStamp is a good choice for traders in Europe. For those in the US, I think BitFloor is a better option. The reason is how easy or difficult it is to send fiat currency to these exchanges. BitStamp offer SEPA for both deposits and withdrawals. BitFloor offers ING Direct P2P and PopMoney for deposits and ACH transfers for withdrawals. I just wish Bitfloor had more volume...!Chicken... meet egg. Title: Re: Next sudden volume increase: Bitstamp Post by: notme on June 14, 2012, 02:34:02 AM I think BitStamp is a good choice for traders in Europe. For those in the US, I think BitFloor is a better option. The reason is how easy or difficult it is to send fiat currency to these exchanges. BitStamp offer SEPA for both deposits and withdrawals. BitFloor offers ING Direct P2P and PopMoney for deposits and ACH transfers for withdrawals. I just wish Bitfloor had more volume...!Chicken... meet egg. Chickens don't have the proper physiology to fly more than a few feet. Title: Re: Next sudden volume increase: Bitstamp Post by: nimda on June 14, 2012, 02:41:58 AM I think BitStamp is a good choice for traders in Europe. For those in the US, I think BitFloor is a better option. The reason is how easy or difficult it is to send fiat currency to these exchanges. BitStamp offer SEPA for both deposits and withdrawals. BitFloor offers ING Direct P2P and PopMoney for deposits and ACH transfers for withdrawals. I just wish Bitfloor had more volume...!Chicken... meet egg. Chickens don't have the proper physiology to fly more than a few feet. Title: Re: Next sudden volume increase: Bitstamp Post by: notme on June 14, 2012, 02:43:45 AM I think BitStamp is a good choice for traders in Europe. For those in the US, I think BitFloor is a better option. The reason is how easy or difficult it is to send fiat currency to these exchanges. BitStamp offer SEPA for both deposits and withdrawals. BitFloor offers ING Direct P2P and PopMoney for deposits and ACH transfers for withdrawals. I just wish Bitfloor had more volume...!Chicken... meet egg. Chickens don't have the proper physiology to fly more than a few feet. Still, your proposing a very unsatisfactory trajectory for BitFloor if you you want to fly like a chicken. Title: Re: Next sudden volume increase: Bitstamp Post by: dree12 on June 14, 2012, 03:26:42 AM I think BitStamp is a good choice for traders in Europe. For those in the US, I think BitFloor is a better option. The reason is how easy or difficult it is to send fiat currency to these exchanges. BitStamp offer SEPA for both deposits and withdrawals. BitFloor offers ING Direct P2P and PopMoney for deposits and ACH transfers for withdrawals. I just wish Bitfloor had more volume...!Chicken... meet egg. Chickens don't have the proper physiology to fly more than a few feet. Still, your proposing a very unsatisfactory trajectory for BitFloor if you you want to fly like a chicken. Title: Re: Next sudden volume increase: Bitstamp Post by: Seal on June 14, 2012, 03:51:02 AM Is bitstamp USD only? It says it offers Euro and GBP withdrawals too?
Title: Re: Next sudden volume increase: Bitstamp Post by: SgtSpike on June 14, 2012, 04:10:45 AM I'm going to give bitfloor a shot, despite the terrible bid wall (or rather, 5% grade). We'll see what happens. I do like that they allow free direct withdrawals to ACH. That's worth dealing with poor volume right there, rather than having to wait 20+ days to see my money after selling it through Gox.
Title: Re: Next sudden volume increase: Bitstamp Post by: Technomage on June 14, 2012, 10:19:28 AM Is bitstamp USD only? It says it offers Euro and GBP withdrawals too? Bitstamp uses USD for trading but it is probably used more by Europeans. SEPA deposits are free and SEPA withdraws are cheap as well (0.9 euros). There is the currency conversion but the rates are actually quite good, you won't lose much at all in the process.Title: Re: Next sudden volume increase: Bitstamp Post by: Raoul Duke on June 14, 2012, 11:14:26 AM Is bitstamp USD only? It says it offers Euro and GBP withdrawals too? Bitstamp uses USD for trading but it is probably used more by Europeans. SEPA deposits are free and SEPA withdraws are cheap as well (0.9 euros). There is the currency conversion but the rates are actually quite good, you won't lose much at all in the process.Just be prepared to leave USD cents there as they only allow you to withdraw whole numbers and the minimum order you can put in the book is $1. So, if after selling you end up with something like $224.9 and they'll only let you withdraw $224 leaving you there with $0.9 that you can't even convert to bitcoin to withdraw. At least not without you put more bitcoin there and do some gimmick envolving trading 2 times, making them earn fees with it. Just a fair warning ;) Title: Re: Next sudden volume increase: Bitstamp Post by: Equilux on June 14, 2012, 12:09:55 PM So how does this work? I deposit Euro's, they automaticly convert them to Dollars? (for free???) And I then buy bitcoins?
Title: Re: Next sudden volume increase: Bitstamp Post by: deepDown on June 14, 2012, 12:16:00 PM So how does this work? I deposit Euro's, they automaticly convert them to Dollars? (for free???) And I then buy bitcoins? Yupp, pretty much. I sent them some euros yesterday after working hours from Spain. I got USD in my Bitstamp account this morning! And the EUR/USD conversion was pretty much what google gives me - very fair exchange rate. Plus, they had some BTC for 5.81 on sale - so now I'm in Bitcoins :) Overall - I am very satisfied so far. Title: Re: Next sudden volume increase: Bitstamp Post by: BTCurious on June 14, 2012, 04:44:50 PM The currency conversion fee is about 0.3%.
Title: Re: Next sudden volume increase: Bitstamp Post by: hazek on June 15, 2012, 06:35:22 PM So how does this work? I deposit Euro's, they automaticly convert them to Dollars? (for free???) And I then buy bitcoins? This is what they have in their FaQ: Quote How long does deposit usually take? A bank wire transfer typically takes 2-5 business days to reach our account. SEPA deposits must go through additional step of converting funds to USD, which can in some cases delay deposit for additional day. International deposits are processed and credited right upon receiving. Who pays the withdrawal fee? Not regarding to withdrawal method, a fee will be displayed before executing the withdrawal and deducted from amount. SEPA withdrawals are charged with fixed 0.90€ fee once your funds are converted to EUR. Minimum amount for SEPA withdrawal is $10.00. International withdrawals are charged with 0.09% fee, minimum fee is $15.00. Minimum amount for international withdrawal is $50.00. How long does withdrawal usually take? SEPA zone transfers usually take 2-3 business days. For clients outside SEPA zone it takes up to 5 business days. Title: Re: Next sudden volume increase: Bitstamp Post by: apetersson on June 15, 2012, 11:46:03 PM they use these rates for conversion eur->usd:
http://www.unicreditbank.si/tecajna_lista/?t=1&id_menu=&language=ENG i tried to lobby them to switch their whole market to eur, since they recieve mostly euro payments. usd seems mainly to be there for easier arbitrage, which provides some liquidity. imo, this is not perfect, since the real market is basically in eur. arbitrageurs will come anyways.. Title: Re: Next sudden volume increase: Bitstamp Post by: Equilux on June 17, 2012, 02:37:48 PM So how does this work? I deposit Euro's, they automaticly convert them to Dollars? (for free???) And I then buy bitcoins? This is what they have in their FaQ: Quote How long does deposit usually take? A bank wire transfer typically takes 2-5 business days to reach our account. SEPA deposits must go through additional step of converting funds to USD, which can in some cases delay deposit for additional day. International deposits are processed and credited right upon receiving. Who pays the withdrawal fee? Not regarding to withdrawal method, a fee will be displayed before executing the withdrawal and deducted from amount. SEPA withdrawals are charged with fixed 0.90€ fee once your funds are converted to EUR. Minimum amount for SEPA withdrawal is $10.00. International withdrawals are charged with 0.09% fee, minimum fee is $15.00. Minimum amount for international withdrawal is $50.00. How long does withdrawal usually take? SEPA zone transfers usually take 2-3 business days. For clients outside SEPA zone it takes up to 5 business days. Thanks, I didn't read their FaQ very carefully, but just a 0.90 fixed withdrawal-fee seems awesome, I'll definately check this out. |
