Bitcoin Forum

Dear Chinese Bitcoin Users:

BetCoin.TM would like to give a bounty of 1.5 BTC (plus 0.2 BTC JUST FOR ENTERING) TOTAL 2.5 BTC for an individual who provides a quality "walk-through" style document for the following topics, in English and Chinese

Headline: The Top 3 Bitcoin Exchanges: a guide to buying and selling Bitcoin in China
Sub-headline: A robust and complete guide to Bitcoin / RMB exchanges
Summary: This guide contains full and complete instructions regarding how to buy and sell Bitcoin using only RMB bank accounts and RMB credit/debit cards on the TOP 3 BTC/RMB exchanges. It will summarize the pros/cons of the top 3 exchanges on the RMB market and then provide detailed, complete instructions for every single step of the process, including screenshots, video capture, and bullet-style walkthroughs.

As a first step, we'd like to know which are the top 3 and why. Successful candidates (up to 5) will be given 0.2 BTC as an upfront bounty after we completely vet his or her "top 3" choice. 1.5 BTC bounty will be given to the candidate who completes the most thorough, detailed, easy-to-understand guide for buying and selling BTC on these 3 exchanges.

EDIT: Documents must be in English and Chinese.

If you can escow the bounty, I am willing to help!

Top three:

1. OkCoin.cn

Highest volume, backed by DFJ Capital.

2. Huobi.com

Second largest volume, the domain name means "currency" in Chinese. Once got the highest volume in the World.

3. BTCChina.com

The oldest Chinese exchange, founded in 2011.


My wallet address: 15v6aX6nbuVRwWQt2Q77Vqy4CPndcAMiBp

Send me the 0.2 BTC and I'll make you a detailed document as you required.

Do you have a request on number of words ?

Top 1

https://cny2btc.com/

Reason: no verification, anyone who has an Alipay account can buy and sell, for most of the time, customer will get the coin or fund in 10 minutes. Also, it's the only exchange supporting Alipay.

Top 2

https://okcoin.cn

Reason: the biggest exchange now, with a nice interface and awesome customer support.

Top 3

https://huobi.com

Been in the industry for a while, got listed on bitcoinwisdom.com

My wallet: 16aeadMsQCtrWhG8Kd49SxRV7pZQWRUCha

Top 3 exchanges are:
btcchina/okcoin/huobi
Basically you will find the major players that are still alive in China bitcoin ecosystem here (http://8btc.com/bijie):
https://i.imgur.com/10ujWYy.png
Also btc38 always want to boost their btc trade volume.

Post document here ?

https://cny2btc.com/ never heard the exchange, and you should complete the whole document to claim the bounty according the OP.

FIRST OF ALL YOU NEED TO ENTER THE CONTEST - if the initial arguments are different from those who have submitted their choice already - you will be awarded the initial 0.2 BTC. then all documents need to be submitted BY PRIVATE MESSAGE ONLY. [/b]

https://cny2btc.com/

this exchange still has Mt. GOX rate listed on it's home page. This is not something customers will like.

1,btcchina.com
Good reputation , honest ,big volumes ,easy to use, deposit / withdraw fast.

2,huobi.com
Not good reputation ,big volumes( some faked),easy to use ,deposit /withdraw  is  ok.

3,okcoin.cn
Bad reputation, huge volumes(faked) , easy to use, deposit fast / withdraw slow.

My address is 1JYkFjPySFDBwE1VhKr6SPYY1qtAR56T9h

If I can get the init 0.2 BTC ,I will write complete document.

I am busy around if this offer would continue in follow few weeks I would like to write some .

		okcoin		huobi		btcchina

Volume		large		large		Medium

Easy to use		Yes		Yes		Yes

Security		very good		very good		very good

Deposit or withdraw		fast		fast		fast

Trading Fees		0		0		0

Bitcoin address:1Mwp6WQWvRuTHdcUyUh4K2DiyjXYCCUy6s

That's really free,easy 0.2 coins?

You need to provide a better justification of your choice in order to enter the contest. Thank you.

This is unfair. Honestly, being a competitor of bitebiduchang, I myself bought a lot of coins through cny2btc, though they charge a higher fee, the benefit is that there's no verification process.

My reaction to this reply is that how could I forget cny2btc? They didn't change the frontage design, but it's working well.

I'm feeling this unfair if you're rejecting this reply, and in the spirit of fair play, I'll quit this competition.

你傻吧？

Out of curiosity, what do you plan to do with the information?

Hi, glad to answer your questions and enter the contest.

For people like me who trade bitcoins quite often in Chinese exchanges, it's a common sense that the first top 3 exchanges in BTC/RMB are BTCChina, OKCoin and Huobi. Following is a short summery of what I know about these exchanges.

1. BTCChina (btcchina.com)
This is the first bitcoin exchange in China, which was founded in 2011. As I know, most of the Chinese bitcoiners believe it has the best reputation among the top Chinese exchanges, with three main services: the exchange (support both BTC and LTC), the bitpay-like payment service (JustPay), and the mining pool. The deposit of RMB is via an agent code called BTCC-Code, which you could only buy from BTCChina's partener agency. Trading UI is simple and convenient (but the UI changed several times since 2013), no lags or network latency. Website languages are both Chinese and English so I think it's not difficult for you to start with. Besides, they also offer a PC client trading tool.

2. OKCoin (okcoin.cn)
Actually OKCoin is also good but as they broke their promise for several times (about the trading fee, the BTC future and lever etc), especially due to the fake trading volume, I think its reputation is not as good as BTCChina. Nevertheless, it offers BTC future trading so for some people it's the best place. You could deposit via Bank and OK-Code (just like BTCC-Code), normally it's faster than BTCChina. UI is easy to use and remains the same since 2013 (good for user experience). Mobile apps and PC client are also available.

3.  Huobi (huobi.com)
Like OKCoin, Huobi also provides BTC future trading. But I rarely trade bitcoins on it because once (March 21st this year) its poor risk-control system led to severe margin call accident (LTC/RMB rate fell to 1), and the victims didn't get compensations as they promised. So I doubt their ability to run such business. On the other side, trading UI is OK, and deposit is quick.

My address is: 1As4Twy2RwNu9UbHsKw15by8kpEe2SbBLm

please elaborate more on the exact process of depositing and withdrawing money. Let's assume that our user has 1 RMB bank account with ICBC and 1 UnionPay debit card from ICBC. The user lives in a small town with no other infrastructure that the ICBC branch. How does he deposit RMB into his exchange account, and how does he withdraw RMB from his exchange account? What limits are there? Let's say he would like to exchange 5,000,000 RMB per month. in both directions - buy and sell.

Top 3 exchanges should be btcchina, huobi and okcoin.

1. Btcchina is the earliest exchange in china, but recently it's not as popular as before because of some mistakes in business operation. Bitcoin and litecoin are available to trade on it. The service fee was ajusted a lot since last year, now the trading fee is canceled, but withdraw fee is still higher than other exchanges. In order to trade, you should pass the mobile phone and ID verification (but I heared that somebody used fake IDs and still passed the verification). The client service (on QQ chat) is slower than other exchanges.

2. Huobi attracts people's attention with its "free-forever" policy (no trading fees). It's the first exchange to allow users to borrow money and bitcoins for trading, which makes the exchange a "casino", and increases the system risk. ID verification is also required but only for RMB withdraw. Client service is very fast via QQ chat (7*24).

3. Okcoin promised free trading fee at first but started charging fees suddenly, so its reputation is really not very good. But now the trading fee is canceled again. Trading volume is always fake (too high to be true), and the founder is believed to operate in its own exchange to make more money. New user's name and ID number are required to be verified.

1AR9nCCAXyjHZ4m3QGdhxv5ekLLJn2Akzp, thanks.

0.2 BTC received, thank you. I will start soon to finish the report, is there a deadline?

为什么是英文呢，不理解。。。。。。