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You'd think with a big exchange like that would be fully prepared for DDOS attacks, but instead this is the second time within the last months or so. Personally, I wouldn't trust to leave my money there and you wouldn't even know where it's gone!!
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So there have been rumors circulating that Huobi has been faking their volume, and when I saw their market depth on BTC123 it is quite obvious that they are! If you look at the graph, it looks like there are almost no orders for the prices greater than 4,000RMB (the line is completely linear). Whereas comparing to BTC China's market depth, it's a healthy inclination. PS. You can only see the whole depth by clicking the 100% option. I don't know about you, but I personally wouldn't trust leaving my fund with Huobi and trade on their platform! Huobi Market Depth on btc123 BTC China Market Depth on btc123 |
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BTC China has officially dropped their BTC/CNY trading fee to 0%!!
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As of yesterday BTC China posted a notice yesterday https://vip.btcchina.com/page/notice20140318that they've started BTC/LTC trade on their platform, I know that BTC-e offers this but there have been fair bit of bad reviews. And as far as I'm aware both Huobi and OkCoin do not have such function yet. Was wondering if anyone has traded BTC/LTC yet? Was it quite straight forward? From the notice, it seems like BTC China is really working hard to improve their user experience, products and services. I'm really happy about the fact that they'll be getting rid of the commission fee, watch out Huobi and OkCoin!! Keep up the good work guys!! |
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But if I send Bitcoin to BTC-China could I withdraw it without get verified account ?
Yeah, you'll need to provide your ID for them to verify your account before you could withdraw. So i need to provide my passport no matter which kind of currency i deposit/withdraw ? I want to trade only BTC <-> LTC <-> BTC on there, no fiat involved. That I'm not too sure, but when you register with them they require you to fill in your passport details etc. |
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Well do you know any chinese or is it just poor? If its not good enought to get away with (try and read the sight only you know your chinese ability) then your going to struggle trading on there.
In regards to their volume this is attributed to the 0% fees. The Huobi ceo addressed this issue in a coindesk article 2 days ago.
I've heard of Huobi, but 0% fees? How do they make money? Interest on margin trading is that part of it? Exactly my question! Nothing is free these days. |
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Well do you know any chinese or is it just poor? If its not good enought to get away with (try and read the sight only you know your chinese ability) then your going to struggle trading on there.
In regards to their volume this is attributed to the 0% fees. The Huobi ceo addressed this issue in a coindesk article 2 days ago.
Yeah I only know little Chinese to get by with, but I wouldn't be able to read everything on the website. I know that BTC China has an English site, do you know much about trading with them? I also read the article, but still quite sceptical about it. |
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I wonder if it'll be anything NEW or EXCITING!
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Just read BTC China's new tweet that they will be releasing a new feature soon! Anybody has any idea on what it is? Since they've already launched LTC trading 2 weeks ago.
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But if I send Bitcoin to BTC-China could I withdraw it without get verified account ?
Yeah, you'll need to provide your ID for them to verify your account before you could withdraw. |
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I was just wondering if anyone has traded on Huobi before? Is it easy for a non-Chinese to trade on their platform as my Chinese is quite poor.
Also, it seems like that they have the largest trading volume, but there have been lots of rumours about them faking the volume...and I'm starting to believe that it's all fake too. The trade volume is ridiculously high compare to other platforms like Bitstamp, BTC-e, BTCChina.
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Ok so I've been trading crypto for awhile, but I hate trading using dollars. I don't want dollars ever, they are toilet paper. I wanted to use a Chinese trading platform so that my currency used in exchange would be renminbi (I think China has a lot of gold they will probably use to back the Yuan eventually so I'll feel more like I'm trading gold for crypto rather than toilet paper, and I feel comfortable holding either crypto or renminbi). However I don't know all the legal processes involved with CNY withdrawals. I currently have an account at BTC-China and was going to deposit my crypto to trade there, but I can't quite figure out how withdrawals of crypto and CNY work. I need to know what the process is for withdrawing crypto and CNY from BTC-China. Any and all help would be appreciated. (I apologize if my use of CNY and renminbi is not grammatically correct).
I know that to withdraw CNY from BTC China, you will need to have a Chinese Bank Account which you opened in mainland China, so it can't be for example a Bank of China account that you opened up overseas. And the process is pretty straight forward, and it'll be in CNY if you're withdrawing to your Chinese Bank Account. |
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As most of you probably know Wikipedia runs on donation. I just found Wikipedia founder Jimmy Wales has bought 0.1 BTC at Coinbase. Hopefully Wikipedia may accept Bitcoin as medium of donation soon... https://twitter.com/jimmy_wales/status/441632741352681472It's great to see that Bitcoin is gaining more acceptance worldwide, will LTC be the same? _______________________________________________________________________________ _____________ www.CoinLearn.org - Learn and Earn Free Bitcoins |
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So Huobi's CEO Leon Li once again denied any faking of trading data as published in Coindesk ( http://www.coindesk.com/huobi-ceo-addresses-fake-trading-volume-rumours/) and saying that "Zero transaction fees is the future". I personally do not believe any of the BS he claims, since the notice of the Chinese government in early December, both BTC China (the largest by volume at the time) and OkCoin's volume dropped drastically, whereas Huobi's volume continues to skyrocket. It won't be long before they get caught and end up like Mt.Gox! |
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Everybody knows the trading volume is "Fake" despite the fact that the CEO of Huobi claimed that the rumour is not true!!! Prove it's not fake then, anybody can deny the truth!
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