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Thank you for your response. Spread on BTCUSD is currently around 0.70 USD. Exchanges that you mentioned also have transaction fees, we don't, there is only spread. Besides, we are brokerage service, not an exchange, our offer goes far beyond BTC pairs, so you should compare us to other brokerage services. And I can guarantee that our spreads are one of the lowest among them.
I monitored your spreads for the last 48 hours, on Minute intervals and will gladly document it to showcase that you just reduced the spread to 0.70 usd. https://www.mql5.com/en/charts/3613748/btcusd-m1-simplefx-ltdI am happy to see the reduction on demand. Can you do the same for EURUSD since your website says 0.1 spreads but all spreads are above 1.1 pips? |
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We use biggest Bitcoin exchanges as our liquidity providers and I think this is our advantage - liquidity from few exchanges in one place. We are also a forex broker and bitcoin accounts are just a small part of our offer.
If you use the biggest bitcoin exchanges for liquidity wouldn't the spread be small? Your prices below Ask at 246.52 Bid at 245.14 Spread = 1.38 USD Bitstamp spread about 0.03 USD - https://bitcoinwisdom.com/markets/bitstamp/btcusdBTCE spread about 0.10 - 0.50 USD - https://bitcoinwisdom.com/markets/btce/btcusdBitfinex spread at 0.01USD - https://bitcoinwisdom.com/markets/bitfinex/btcusdThat would imply you have a poor liquidity connection and you are not connected to the biggest exchanges. What exchanges provide your BTCUSD liquidity? |
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I make algorithms for the Forex market. I haven't dived into BTC trading because each exchange has their own API ( commands ) and there is not a standardized trading platform for BTC trading yet. I know that fxopen and BTCE- both offer MetaTrader ( A trading platform that makes automated trading aka BOTS easily coded using c language) but their spreads and commission make trading Bitcoins inefficient and more difficult to make profit. Building/Designing the actual trading decisions for a fully automated and profitable algorithm takes most of all trading experience. Here is a list of my bots for Forex and these strategies could possibly work for Bitcoin - http://www.myfxbook.com/members/RedRhinolab |
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I sell my Forex Signals only for bitcoin to prevent chargebacks, lower transaction fees, avoid exchange rate conversion fees, prevent collecting personal information and because I believe in a decentralized monetary unit. Quite shocking, all my Forex signals trade only the FOREX markets such as EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, and many more currency pairs. The deep liquidity and low spreads make Forex a good market to participate in. Benefits of my Forex Signals 1.) Always tested on Real Market conditions. 2.) Always verified trading history on Third Party website - Myfxbook 3.) Always backtested on historical data 4.) Always tested on reputable Forex broker - Fxopen , TradersWay, etc. Here is the Master account that the Forex Signals are copied from and then sent directly to your MetaTrader Platform for 100% automated execution. You only need VPS for the Trading platform. http://www.myfxbook.com/members/RedRhinoLab/revenginepro-20-pairs/1143747 Now its time for you to put your Bitcoins to good use! http://redrhinofx.com/support[at]redrhinofx.com Frank Wright skype: redrhinofx http://www.myfxbook.com/members/RedRhinolab |
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Hello Bitcoin community, I sell my software only for bitcoin to prevent chargebacks, lower transaction fees, avoid exchange rate conversion fees, prevent collecting personal information and because I believe in a decentralized monetary unit. Quite shocking, all my software trades only the FOREX markets such as EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, and many more currency pairs. The deep liquidity and low spreads make Forex a good market to participate in. Benefits of my Forex Products. 1.) Always tested on Real Market conditions. 2.) Always verified trading history on Third Party website - Myfxbook 3.) Always backtested on historical data 4.) Always tested on reputable Forex broker - Fxopen , TradersWay, etc. Now its time for you to put your Bitcoins to good use! http://redrhinofx.com/support[at]redrhinofx.com Frank Wright skype: redrhinofx http://www.myfxbook.com/members/RedRhinolab |
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What measures does your company have in place to buy bitcoins at the prevailing btce market price when a customer confirms a bitcoin withdrawal since delivery of btc can take 24 hours?
What bitcoin price does the customer receive when requesting btc withdrawals?
A. Market price at time of request
B. Market price at bitcoin transfer ( blockchain registers the transaction) within 24 hour window
C. Daily BTC average price ( Hi+Low/2)
D. Other
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How long does it take to complete a bitcoin withdrawal? Does your api buy bitcoins from btce instantly when customer confirms withdrawal?
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Perhaps if we see some demand for a BTC/USD pair on our platform, maybe we can add it in the future and perhaps Bitcoiners will have another reason to try out our services. What do you guys think?
Implementation into cTrader platform would secure a reason for many to use your btc/fiat trading facility since most btc exchanges use funky web apis. - https://btc-e.com/api/documentation - I would recommend establishing a relationship with a Chinese exchange that offers Fix api then you can easily integrate their liquidity into your cBroker/Server side. If I remember correctly, btcChina offers such a connection type. Liquidity is much deeper than btce and then possibly adding denominated CNY trading accounts would offer significantly more customers. |
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i think every broker that accept okpay, we can deposit with bitcoin at them as we can add fund to okpay with bitcoin and litecoin
I think you are correct. Unfortunately, we can not withdrawal okpay credit back into BTC. okpay gets the coins at a discounted price at our cost. Trade your precious coins wisely. |
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There are absolutely no fees whatsoever on any Bitcoin deposits nor withdrawals. It is all 100% free the way it should be. We are charged a very small fee when buying and selling Bitcoin but we do not pass these onto clients.
Thank you for clarifying and providing the most important innovation of BTC to the public forex community. I will happily spread the word. |
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No one should be recommending a wire transfer unless you are asking for a very large withdrawal.
We offer deposits and withdrawals using Bitcoin. There are no restrictions.
A friend of a friend, not my account as I haven't used your service. I would like you to provide more detail regarding this case based on what you said. I would like to use your service in the future only if BTC deposits and withdrawals of any size are accepted without restriction. BTC is a vital step to cutting down fees associated with moving money. If some companies take advantage of these lower fees without passing them on to the customer, the use of BTC becomes less significant and I'm eager to see more volume in btc than creditcards,paypal, and wiretransfers. I don't know the dollar amount of the request in btc. However you stated "large withdrawal". Can you tell us the exact amount of what is considered large? And explain why there are 1% withdrawal fee? Is there a cap on the withdrawal fee ( max value). Thank you |
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did you fund and try trading at tradingforex - I found out they use OKpay for processing and exchange rate is far off from all exchanges. okpay trustworthy?
TradingForex Comapny is also same as Traders-TrustThis is disappointing. BTCe at 365 atm and a deposit with OKpay = 1 BTC=353.080000 USD , difference of 12USD per BTC, If I found $10,000 (27.39BTC), I would lose $328 instantly, about a 3% fee. Currently bitcoin isn't suitable when a wire transfer costs $35-50. @Pinky, Confirmed. TrdingForex Company, offers Deposit via OKpay only, and Withdrawal not an option. It seams okpay will accept btc, but not sell them - https://www.okpay.com/en/services/accept-payments/index.html |
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@TradersWay,
Can you explain why a Withdrawal in Bitcoin can be denied and your company recommends with response to use a Wire transfer instead?
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did you fund and try trading at tradingforex - I found out they use OKpay for processing and exchange rate is far off from all exchanges. okpay trustworthy?
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can a developer quote and contact me for this small project. I want it friendly for users without the need of scripts. A no technical way is a must.
Let me clear up what exactly you want: Do you want standalone desktop app, or web-wallet service? It would be easy to make an online service which would do this, but you have to either get the address which should be forwarded from that site, or you have to submit the private key to it in order to sign the transaction once the BTCs are received. If you want standalone desktop app, which operating systems are you targeting? standalone desktop app. OS: windows , but should be available for linux. Since this project is working within a current wallet app, lets see what is possible. thank you for the above comments as well. I have 1 quote to implement the autoSend feature within the Electrum Wallet. Brief Summary:Feature allows auto sending within a standalone desktop app for Windows Operating System UI Features:1 - selecting two addresses ( from : to) 2- the amount of sending 3 - frequency ( hourly,daily,weekly, monthly,quarterly,annually) 4 - duration ( length of autosend contract). like monthly contract Thank you |
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bump - I'll be adding FIX api bridge to this platform, We'll be able to connect directly to any exchange using FIX api. I know of one at the moment and another in the works.
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thanks for comment, ya its simple and I was kinda shocked that every wallet developer hasn't considered this simple option.
New feature - if Wallet A received a new deposit within x of time auto send to new wallet B address.
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