Bitcoin Forum

   Hey guys, I'd like to introduce a brand new bitcoin exchange, Trade-Btc.com. Trade-Btc.com has been in the works for several months now and we are very glad to finally introduce our website to the Bitcoin community. Here at Trade-Btc.com we are a team of like minded Bitcoin enthusiasts, that want to make Bitcoin one of the main currencies of international trade. So to start this goal, we began with our exchange website.

-Features

-Buying & selling bitcoins: Our platform is a fully automated exchange between users. Buy orders (bid) are matched with sell orders (ask). If there is a matching order but not enough volume, a partial order will occur.

-Fees
Our fees are very low, a standard .30% for buying or selling Bitcoins. Our fees will never go up and will only go down in the future. Our goal is to make Bitcoin as accessable as possible, and we feel with these low rates, it will be much easier for higher volumes of trades to occur. Also there are no fees for sending Bitcoins, so go ahead, send as much as you want.

-Sending Bitcoins: This is a feature that we wanted to see in an exchange website for a very long time now. We feel if it takes too long to receive payment, then you might lose out on price fluctuation. With this system it allows you to receive Bitcoins, and then sell them on our exchange immediately.

-Trading API: The trading API should be up within a few days, we realize this is a very important feature, and is our number one concern in the coming days.

-Deposits and Withdrawls
For USD deposits and withdraws we support:
*Dwolla
*Paxum
*Liberty reserve

-Referral System: For any referrals to our website you receive 20% commisions on all of the person you referred trade's. As well as 10% discount for anyone that signs up with your code.

For European deposits were hoping to have support within several weeks, it is difficult to register for conversions for an entirely US based business. So within several weeks we'll have our European headquarters.

Like I said before our goals for Bitcoins are only beginning to be achieved, we want there to be a reason to still be excited in Bitcoins and we hope we can ignite some of that old flame.

If you were wondering; our business is in the process of being incorporated in Los Angeles, California under the name of Trade Btc Ltd.

If you have any questions, comments, or concerns please email me at Admin@trade-Btc.com. Or ask them in this thread, and I'll get back to you as soon as possible.

Follow us on twitter @TradeBtcLtd
Or like us on facebook @Trade-Btc.com

Thanks everyone, and happy trading!

From Vince, and the Trade-Btc.com team.

To celebrate our opening, we are now offering no commissions. Happy trading!

The site looks pretty decent.  But I must ask, why should anyone trust your service when you don't have any business or personal details on the site? Not even a phone number?

Also, assuming people trusted you, what competitive advantage do you offer over the other exchanges? Your advantage will need to be significant to get started, because your volume is currently zero.

Can you address these questions?

We're hoping that the 0% commission for the next few weeks will help increase our volume. As of now 3 trades have occurred worth 7BTC. So we're hoping more trading will happen soon. In terms of competitive advantage we're hoping our 0.3% will add an advantage (this rate will never increase). As well as our ability to send Bitcoins through our site, therefore eliminating, in commerce, the worry or risk of fluctuating rates.

As for our contact information, we haven't been able to allocate a definite office space, so we're going to be doing that before we set the information. Now if you're wondering about me, my name is Vincent Torres and I'm currently an IT manager for a Los Angeles based law firm, and hoping in the next few months that I can devote all of my time entirely on this exchange. If you have any more questions about who I am and what I do, please feel free to ask.

Thanks,
From Vince and the Trade-Btc.com team

I'd suggest that you clearly explain on your website the circumstances under which you might ask users to verify their funding accounts or their identity.  It's becoming a big issue with the exchanges and a lot of people are getting really pissed off about having to verify when they weren't told at sign up that it might happen.

No need for verifications as long as we're using a third party such as Dwolla or Paxum. We realize the hassle of verification, and we do not want to put our member's through it. Our motto is convenience, and if it's not convenient we don't want to do it.

Why use domains by proxy on an exchange?

Back when it was registered, there wasn't really any serious security debacles in the Bitcoin community. And I figured since it came free with business registration, I might as well. But looking at it now I probably wouldn't have went with the private registration.

You can turn off domain privacy.

Apparently it cannot with protected registration, sorry about that, hope it isn't a problem. Like I said if you have any more questions about my information, please ask.

Great job on the site! We need many more Bitcoin exchangers!

Just a heads up, not verifying accounts is a bad idea. If you want to run a serious business you should adhere to AML and KYC policies.
Legally, what if one of your customers was accused of money laundering and you are approached to provide documents of the customer?
If you cant, you better find a good lawyer lol

Appropriate steps would be taken if we suspect money laundering. Such as large transfers, etc. But for now we are mainly focused on convenience and safety of our customer's funds.

I think the potential problem is Dwolla or Paxum freezing your account without notice if they believe there's suspicious activity.  It's happened to other exchanges, so people are a bit touchy about the possibility of it happening again.

Yeah, it's always a possibility, but we like leaving the worrying of identities to the third party payment transfer sites. If at any point a problem arises we'll deal with it then. The dealing of verifying accounts with ID cards is a huge hassle for everyone. So we don't want it to come to that.

+1.  Anonymity and running an exchange is not compatible.

Just acquired an office today, about to post updated contact information.

*edit, officially updated, you can now see our address in the contact page.

Thanks for the followup. 

I'd recommend that you (operators of the site) put some bids and asks up to get the process started. You can put them up at large margins over the gox price, but at least there will be volume showing up there.

You should put up some of your own capital on both USD and BTC sides to help bootstrap liquidity.

For now our third party accounts are not funded to the point to start liquidity. We didn't plan on trading on our own exchange. So if people started trading we wouldn't be able to give them withdraws.

Hang in there guys. 

I signed up the other day, transferred some btc in, everything was fine.   Transferred more in, I was getting scared, two days and nothing, just checked, everything is in there now without having to send an email to check, but it was weird was not showing on the site for a couple of days.    I hope this exchange gets more activity, good luck.

Sorry about the delay, been really busy lately trying to implement some of our new features. EUR deposits/withdraws and our API should be up within the next week or two.

I hate to disagree, but the domain privacy can truly be turned off.

No, you're right, but if I did that, it removes the certified domain status.

You're pissing me off! What does it take to rattle you?

Seriously, I love how you are handling all the tough questions.

I don't see the Godaddy Certified Seal on your site. Did I overlook it? I did see it at WhoIs.

I also noticed that the site is not SSL certified. Will I see that if I were to sign up?

Thank you, in advance. Keep up the professionalism. But remember: If you prove otherwise, I'll be armed with a giant pineapple.

Everything besides the main page is SSL secured. All passwords are encrypted in the database, with 256 Bit encryption.

Also with the certified domain status didn't really think to paste it on the page. I'll get around to it in the next few days.

Thanks for your interest, Vince

Glad to hear it, though it should only take a minute or two to do.

BTW, did you see the news today? Steve Jobs passed away, Palin's not running for president, Knox is back home in Seattle, and something about Bitcoin7.

Holy fuck, sad times.  I bet Mr Moon is happy focus will be off him.

Maybe yes. Maybe no. B7 was run by some guy named Chris.

Thought about adding other cryptocurrencies to your exchange?  Currently there's only 1 tenebrix exchange and it's doing at least 500btc/day in volume.

Yes, ineed, TBX has been doing surprisingly well. I can help you with setting it up if needed

For now our focus is on Bitcoins. But if a leading alternate cryptocurrency ever shows up, then we might consider adding it.

If you guy's we're wondering we have a post with the info about our whole team. If you get a chance check it out. https://bitcointalk.org/index.php?topic=46969.0 (https://bitcointalk.org/index.php?topic=46969.0)

Also if you sign up with someone else's referral code, when we implement a small commission you will receive a 10% discount and your friend will receive 20% commission on all of your trades.

For now all trades are free, so take advantage while you can.

Thanks, Vince

Upon reading the above quote in red, I registered it as a red flag in my mind. To me, the request is pointless for if I owned an exchange and had an office where all my mail is going to come to anyway, why would I need to be notified via an email to be on the lookout for a certain piece of mail. This would only add to my workload--check emails to see if any USPS/UPS/FedEx/ect. mail/parcels are in route to my 13th floor office.

Unless...

Alan Kornfeld http://www.pszjlaw.com/attorneys-28.html has a son named Bram, who is about 20 years old, and is listed as:


I now offer up that MORE INFORMATION. 20 years old; acc. at major bank; legal personnel so thereby should have a law degree of sorts; and owns this: (note address)


WHOIS search results for:BLOOSTUFF.COM(Registered)

...
...

Registrant:
Bram Kornfeld
10100 santa st.  Why is this so (un)cleverly cloaked?
Los Angeles, California 90212
United States

Registered through: Automattic
Domain Name: BLOOSTUFF.COM
Created on: 05-Sep-11
Expires on: 05-Sep-12
Last Updated on: 05-Sep-11

Administrative Contact:
Kornfeld, Bram bmkornfeld@yahoo.com
10100 santa st.
Los Angeles, California 90212
United States
310-312-2134

Technical Contact:
Kornfeld, Bram bmkornfeld@yahoo.com
10100 santa st.
Los Angeles, California 90212
United States
310-312-2134

Domain servers in listed order:
NS1.WORDPRESS.COM
NS2.WORDPRESS.COM

At this point, I want to offer up my apology to Trade-BTC.com, for this is not an attack on you or your company. I'm pretty sure you knew that hard questions will be posed when you entered this venture. They probably will become even tougher in light of B7's demised.

I have not researched any of the other names on your list--yet. I picked Bram at random (this is a fact) and discovered the above info. Please bring to my (and our) attention any errors. I, as well as others I'm sure, will be digging deeper into the other names.

Once again, this is not an attack on you or your company. I hope others here see it the same way. But I do desire others here to aid me in discovering whom (damn it! is it who?) we are truly dealing with here.

Thank you, Vince.

Bruno

Curious to know what plans you had for this domain http://whois.domaintools.com/alphabetpoop.info ?

Please don't tell me that I made a mistake and that Bram is not 20 years old but is only in 10th grade: http://www.bhcourier.com/downloads/061209FIssue.pdf

http://www.facebook.com/profile.php?id=100002607855064&sk=friends&v=friends

http://maps.google.com/maps?um=1&ie=UTF-8&q=605+Whittier+Drive,+Beverly+Hills,+California+90210+(El+Rodeo+Elementary+School)&fb=1&gl=us&hq=605+Whittier+Drive,+Beverly+Hills,+California+90210+(El+Rodeo+Elementary+School)&hnear=605+Whittier+Drive,+Beverly+Hills,+California+90210+(El+Rodeo+Elementary+School)&cid=0,0,11288524907852677116&ei=ZzKPTrvROMLnsQLNjP3OAQ&sa=X&oi=local_result&ct=image&ved=0CAQQ_BI

map direction to: Kornfeld, Alan 2106 Kelton Ave Los Angeles CA 90025

Here's my guess. Alan is pretending to be his son, Bram. Please correct me if I'm wrong.

On that graduation photo there is also a "Alexander Nora" and "Vanessa Torres" seems like too much of a coincidence with the names on the about us (https://bitcointalk.org/index.php?topic=46969.0). It's great being young and entrepreneurial but why not just be up from about it?

http://alankornfeld.com/bio.php


And from the DUMP: 30152,ElmoFudd,bmkornfeld@yahoo.com,

Flip theory, the kid is the one doing all this.   Bram uses his dad's name where it might seem necessary to have an adult or some shit, except maybe not doing it as wisely as he thought.   Bitcoinica came from someone just 17, right?

I'm just shooting out quick thoughts, looking at more of this 'evidence' now. ..  I mean, this is one of the few exchanges I use, I guess I should be more on top of this one lol

Worth noting some of Trade-BTC's amusing past here https://bitcointalk.org/index.php?topic=26783.msg336588, I forget if it was under a different user name.

Makes sense.

Dad,

Let me know when any mail comes to your office in my name. I let you know in advance when I have some coming for I will get an email first.

Sincerely, Your Son, Bram

https://i.imgur.com/jEkaTl.jpg (https://i.imgur.com/jEkaT.jpg)

 I see the mytheoryontrade-btc.com domain is still available lol

I wish all scam threads had a cheat sheet image to go to for information.

This is so awesome...

Truth never lies.

The only thing obviously wrong in your picture is that it isn't P.O. box.
It is a legitimate address of an office suite that was/is vacant for over 90 days:

10100 Santa Monica Blvd
Ste 1300    
Los Angeles Ca 90067-4114

Last known tennants:

80s Baby Entertainment Inc
Orbed Productions Inc
Vacant

This building is about 1/4-1/3 vacant/no-delivery and has always been a high turnover location.

Let me go ahead and add fear to this thread by saying I just tried to Withdraw my big 2.2 btc amount, and got a page that says

Status
Insufficent funds.

I went down to 2.1.  Then for no real reason, 2.0.   I seem to have insufficient funds to send funds.

Benefit of the doubt, last issue I had with this site, things seemed to have resolved themselves after a day or something.    I guess my $8 is stuck with Trade-BTC for now.  I hope for positive things to come out of this thread and lots of misunderstandings.

Good luck guys, if there's this much of a hangup over possible information, ranging on the possible stalking range, then I do not want to be involved with Bitcoins. Matthew I mean no insult to you, but you have went and found the information on several children. I may say this is quite odd. If this is how you wish to go about your business then please go ahead. But this is something that I do not wish to involve myself with.
Thank you everyone for your support.

Hiding your age when it's convenient and hiding behind your age when it's convenient. How...convenient.

I'm 17 years old too. There's nothing to hide. You damaged your own reputation.

You put the names of those children in your "about us".  You should absolutely have assumed that people would try to find out everything they could about those associated with the venture - it's called due diligence and what people do in the business world.

WhyTF does this community have such a hangup with finding out information about exchange owners? I don't get it! What happen to trust in this world?

http://2.bp.blogspot.com/_wj6Fa851uig/RmxCJJBDdEI/AAAAAAAAALg/tZe4TWFQVRk/s320/bingo.jpg

BTW, Matthew, excellent job on the road map pic. Nice work. That took time.

Why do people bother making new exchanges, how are you going to convert btc users to switch from the ones they're using and gain your trust? Also,  the amount of new people to the community seems to be declining.

That pic was epic, Matt.

http://3.bp.blogspot.com/_SdY5TtGAMd4/R4e9DSm8kZI/AAAAAAAAAJg/FNOc2idx8Jc/s400/SM1109~Screw-You-Guys-Posters.jpg

I felt a need to C&P the above in case it hasn't been quoted before or it gets edited.

Ironic how I only researched one name at random. I've yet to even start on the other "Team" members.

http://rlv.zcache.com/team_bram_stoker_black_tshirt-p235218994646248571q6ws_400.jpg

Bram = Vampire = Moon = ? (gotta love the Golden State)

THE COMMUNITY

Who taught you that word and where did you get a link to these forums?

I would go with the opposite, the community has grown so large, that there are now many communities https://bitcointalk.org/index.php?topic=44712.0

Well that was entertaining.  ;D

Vincent Torres: http://www.facebook.com/profile.php?id=1845680780

Michael Daniel Kamara friend: http://www.facebook.com/ilove7yroldcock.andblakchicks?sk=friends&v=friends

Bram Kornfeld friend: http://www.facebook.com/profile.php?id=100002607855064&sk=friends&v=friends

BINGO

Is this the shortest-lived exchange in the history of Bitcoin?

Trade-BTC pm'd me about an hour ago, one of my issues in this thread is going to possibly be resolved, will edit my other posts if so to reflect this.   Has nothing to do with the background check going on, but he is definitely trying to right this issue at the least.


Also, about the age thing, I can see one not wanting to tout an age depending on how serious your business is going to be, I think zhoutong is definitely the exception, not the rule, but I wouldn't mind if it became a trend just to shake shit up in the Bitcoin world as far as legal and government issues are concerned.   Would any illegal activity default on the parents or is there a cool juvi hall for kids who cheated on their taxes.

I get half that badge, Matt.

On a side note, the following link has nothing to do with Bitcoin or this thread, but proves an interesting quick read--please enjoy: http://www.notablebiographies.com/Ma-Mo/McDaniel-Hattie.html

I think you'll have to share.  2112 stated calling bullshit days ago based on the evasiveness about the business address.

I best be getting 33.3% of that badge, because:

Henry McDaniel:

http://www.linkedin.com/in/henrymcdaniel

http://sunsetrainbow.com/portfolio

Based in Sarasota, Florida, and not Saratoga, FL., like Vince mentioned.

http://rlv.zcache.com/okay_so_i_lied_get_over_it_politician_vote_tshirt-p235274142340311220trqt_400.jpg

There is at least one more hidden person to share the badge. One of the moderators undeleted my posts after they were reported for moderation and hastily deleted the same night I made them.

Anyway, I'm hoping that everyone stayed safe and nobody was defrauded or injured.

Also, I'm very thankfull that this forum continues to allow to voice the dissenting opinions.

State your percentage! I guess I ain't getting my 33%. If it goes below 20%, I want an instant reply.

I'm fine with 0%. I really have bigger fishes to fry. There were/are people planning to steal major sums by offering modified bitcoin software to various businesses.

Might I add that I was directly confronting him to provide an address and to name the people involved - without which none of the beautiful investigations in this thread would have been possible. ;)

Good work guys. It's better we found out now rather than a few months down the road when someone 'hacks' their servers and people lose yet more money. Having 15-17 year olds in charge of trading sites is a big no-no. It is why I am also staying away from Zhoutong's site (no offence).

Hopefully a trusted exchange will someday exist. I still have hope.

That reference may be a little dated. After all, the Trade-BTC guy was 2 years old when that show first aired.

I can only assume that anyone with a brain wouldn't trust a teenager to run their Bitcoin exchange anymore than they'd trust one to be their bank's president.

The only success story of a young banker (not a teen): http://www.centinelbank.com/aboutStory.cfm

Oh shit, this just turned into an official scammer investigation. Trade-Btc.com: please send me any evidence you have that disproves your relationships with the above mentioned known scammers.

^^wow^^ scams just popping up everywhere!  just like my post the other day!

https://bitcointalk.org/index.php?topic=47003.msg560267#msg560267

I'm so sorry I caused it to look this way guys. I am young, but not a minor, and when I made that auction for the domain I had sold it offline to a friend after the user DonnyCMU didn't want it based on the terms (it had something to do with the price of BTC dropping/rising). This of course all happened in PM and I'm sorry I was very new to the forum and didn't understand the value of my reputation enough to post a followthrough. I am most certainly not any of the people you mentioned and I'm truly sorry for causing this mixup.

Thanks. Matthew seems to buy this story, so I'll accept it too, for now, unless other evidence is presented. It also doesn't contradict your story, so it has that going for it. The scammer investigation is now closed.

Hey, what the fuck, I never got my 2.2 btc out! lol  Case not closed!!

Trade-BTC, you PM'd me.  If you would like to just close my account on the site and send 2.2 to the address in my signature, that would be acceptable by me.

No, that is not acceptable. If you want me to reopen the investigation, it must be requested to be sent to a unique Bitcoin address. Otherwise, anything you receive after that post on that address will be considered a payment by Trade-Btc.com.

OK! But there has to be a punishment. You are hereby sentence to live with Atlas in his attic for one full week. Every where he goes, you go. Everything he does, you do. Every new video he makes, you must be in it.

You therefore only have two choices: take my punishment or take what others here on this board may deem a suitable punishment. (If I were you, I would choose the latter, but hope you consider the former)

I approve this message!

If it is 2.2 exactly, I sadly don't care who gave it to me, I can't imagine why anyone else but him would.  But I do see your point.  I would like this to be reopened so I can at least get the 2.2 that he said he would get back to me after all this badness had already started.

He can use 1Eeya8PUji6kFVwQYwgwrKvv7gHkk6GAdg which you can see has been used once in July http://blockexplorer.com/address/1Eeya8PUji6kFVwQYwgwrKvv7gHkk6GAdg

Edited address above back to sig address, no ticket is open and it would be easier if it just goes to that wallet.

I did not get my btc :(

To update this thing that even I am not keeping updated with, Vincent asked for my Dwolla info, which I had none as I signed up to the site with none, he said he would be getting me my 2.2 "tomorrow" a few days ago.  I guess he is waiting for the price to drop where it will only cost four bucks and some change to replace the monies lol.

Also, logged in, still get an insufficient funds message.   Again, only bumping this because I was told I would be getting it back a few times, I now actually hope it will happen when I didn't really care as much before.  Finish it off Vince, please :)

Thank you Vince, 2.2 received.  I hope whatever issues caused this situation to happen are no longer present.