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Author Topic: Bitcoin-Central, first exchange licensed to operate with a bank. This is HUGE  (Read 191822 times)
Stephen Gornick
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December 21, 2012, 03:34:41 AM
 #421

We don't offer this feature. The way I see it is that if you change your mind about your order size you lose your spot in the queue.

For a person manually placing trades that might matter but it is a moot point in this instance.   For those offers generated by a bot, sub-penny pricing gives a way to regain your spot in line.  

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twix
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December 25, 2012, 01:15:07 AM
 #422

Is there any way we could have a confirmation from Aqoba of this information ?

I really look forward to use extendedly your service (I'm french), but I don't really want to give my ID card just like that, I'm sure you will understand  Smiley

Btw thank you for developping a service like that, with an open API !
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December 25, 2012, 10:09:18 AM
 #423

Is there any way we could have a confirmation from Aqoba of this information ?
Yep, pick your phone up and give them a call Smiley

I really look forward to use extendedly your service (I'm french), but I don't really want to give my ID card just like that, I'm sure you will understand  Smiley
Absolutely.

Btw thank you for developping a service like that, with an open API !
Thanks! Don't hesitate to give feedback in the API thread.

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January 07, 2013, 10:11:42 AM
 #424

Hm, did I read somewhere I would get my own IBAN in my Name after verifying my account?

My account is verified, but when clicking "deposit", it still gives me the "general" account info of paymium to transfer my EUR to.
That's not available yet, it's a project that is in the pipeline on the bank's side, we have no precise ETA, but we know it should be rolled-out in a couple-of-months-ish.


Any news for the IBAN and acceptance of MtGox code as deposit/withdrawal method?

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January 07, 2013, 10:24:05 AM
 #425

Any news for the IBAN and acceptance of MtGox code as deposit/withdrawal method?
IBANs for accounts will be available when the technical project is complete on Aqoba's side, I'd say the ETA is a few months.
Acceptance of MtGox codes is in the works, it might be only available for deposits though.

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January 07, 2013, 10:35:11 AM
 #426

Any news for the IBAN and acceptance of MtGox code as deposit/withdrawal method?
IBANs for accounts will be available when the technical project is complete on Aqoba's side, I'd say the ETA is a few months.
Acceptance of MtGox codes is in the works, it might be only available for deposits though.

When these both complete, be ready to have a huge influx of capital

Allowing mtgox code deposit and withdrawal will complete the cycle for arbitrage that will bring you higher transaction volume.

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January 07, 2013, 10:49:00 AM
 #427

IBANs for accounts will be available when the technical project is complete on Aqoba's side, I'd say the ETA is a few months.
Acceptance of MtGox codes is in the works, it might be only available for deposits though.

When these both complete, be ready to have a huge influx of capital

Allowing mtgox code deposit and withdrawal will complete the cycle for arbitrage that will bring you higher transaction volume.

Which is why it won't be allowed for withdrawals. Since MtGox don't do one of the basics of their job - timely processing of withdrawals - everyone would want to transfer their codes and cash out at Bitcoin-Central instead. This is not possible if Bitcoin-Central are not able to get their own funds out of MtGox quickly - they will run out of cash-flow.

Also, it would be like MtGox were outsourcing their withdrawals processing function to Bitcoin-Central for free. I can't see that happening.

"Remember too on every occasion which leads you to vexation to apply this principle: not that this is a misfortune, but that to bear it nobly is good fortune." - Marcus Aurelius
davout (OP)
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January 07, 2013, 11:38:22 AM
 #428

Which is why it won't be allowed for withdrawals. Since MtGox don't do one of the basics of their job - timely processing of withdrawals - everyone would want to transfer their codes and cash out at Bitcoin-Central instead. This is not possible if Bitcoin-Central are not able to get their own funds out of MtGox quickly - they will run out of cash-flow.

Also, it would be like MtGox were outsourcing their withdrawals processing function to Bitcoin-Central for free. I can't see that happening.
The main issues with the whole MtGox code thing is that MtGox is not financially licensed in any way I know of. It makes the taxation status of these codes unclear, it also requires us to come up with a reasonable and safe way to fit them in our accounting.

The second issue is that we need to be 100% full-reserve, each user must have the same balance displayed by Bitcoin-Central as the EUR balance that's actually on his sub-account inside the Paymium account. That means that we'll actually need to front the money until mtgox pays us.

There is obviously demand, rolling out the feature out is easy, (it's been in the code for weeks). Rolling out the feature properly is non-trivial Smiley

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January 07, 2013, 01:39:07 PM
 #429

Do you have plans to provide your own bcEUR-Codes?

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February 22, 2013, 07:25:30 PM
 #430

TIME - PRICE - PRIORITY


I enter an order to sell 200 @ 24.9€
Someone else enters an order to sell 10 @ 24.9€

HIS order is ABOVE mine in the order book, so I assume HIS order gets matched first WHEN IT SHOULD NOT BE.
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February 24, 2013, 12:16:52 AM
Last edit: February 24, 2013, 01:00:24 AM by notig
 #431

Quote
Each account will in a few months get its very own IBAN number, users will be able to use it as any other bank account, have their salaries and pensions sent there and have them automatically converted to Bitcoin if they so wish

Just curious... what will it take to make this happen in the US?
How do you get a bank to automatically convert your savings to bitcoins?
Are there any plans for one in the US?
mobile4ever
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February 24, 2013, 12:38:22 AM
 #432


Just curious... what will it take to make this happen in the US?
How do you get a bank to automatically convert your savings to bitcoins?
Are there any plans for one in the US?


Some banks allow you to buy bitcoin now in their branches. Why not ask them if they will convert your savings as well? Its for sure USD is not going to regain its value.

Edit: Mike Maloney has some things to say about money history in the U.S.
thoughtfan
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February 26, 2013, 02:13:49 PM
 #433

Hm, did I read somewhere I would get my own IBAN in my Name after verifying my account?

My account is verified, but when clicking "deposit", it still gives me the "general" account info of paymium to transfer my EUR to.
That's not available yet, it's a project that is in the pipeline on the bank's side, we have no precise ETA, but we know it should be rolled-out in a couple-of-months-ish.


Any news for the IBAN and acceptance of MtGox code as deposit/withdrawal method?
Regarding the Euro bank account is there a way in which, with my ID details already in Paymium's possession, I could have an Aqoba account set up within days so I have a Euro account from which I can send Euro SEPA transfers unrelated to Bitcoin Central; then when the linkup goes ahead, that both accounts be linked?
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February 26, 2013, 09:10:40 PM
 #434

Hm, did I read somewhere I would get my own IBAN in my Name after verifying my account?

My account is verified, but when clicking "deposit", it still gives me the "general" account info of paymium to transfer my EUR to.
That's not available yet, it's a project that is in the pipeline on the bank's side, we have no precise ETA, but we know it should be rolled-out in a couple-of-months-ish.


Any news for the IBAN and acceptance of MtGox code as deposit/withdrawal method?
Regarding the Euro bank account is there a way in which, with my ID details already in Paymium's possession, I could have an Aqoba account set up within days so I have a Euro account from which I can send Euro SEPA transfers unrelated to Bitcoin Central; then when the linkup goes ahead, that both accounts be linked?
Aqoba is simply acting as a partner realizing the segregation of funds between Paymium's funds and the customers deposits. Unlike many other exchanges, Bitcoin-central (and paytunia) offers the same protection to depositors as any other payment institution. Your bitcoin-central account or paytunia account is a full fledged payment account (soon to be linked to a debit card and a unique IBAN number).

thoughtfan
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February 26, 2013, 09:39:09 PM
 #435


... it's a project that is in the pipeline on the bank's side, we have no precise ETA, but we know it should be rolled-out in a couple-of-months-ish.

Any news for the IBAN and acceptance of MtGox code as deposit/withdrawal method?
Regarding the Euro bank account is there a way in which, with my ID details already in Paymium's possession, I could have an Aqoba account set up within days so I have a Euro account from which I can send Euro SEPA transfers unrelated to Bitcoin Central; then when the linkup goes ahead, that both accounts be linked?
Aqoba is simply acting as a partner realizing the segregation of funds between Paymium's funds and the customers deposits. Unlike many other exchanges, Bitcoin-central (and paytunia) offers the same protection to depositors as any other payment institution. Your bitcoin-central account or paytunia account is a full fledged payment account (soon to be linked to a debit card and a unique IBAN number).
Thank you Boussac for the clarification.  If I have understood this right, even if I were able to open a personal Aqoba account it is not one I would subsequently be able to link to my Bitcoin Central account.  So if I need a Euro account for SEPA transfers sooner than this service goes live I am going to need to go elsewhere.

Thanks for the Fortuneo tip ghdp.  I will explore that as an option but maybe try some of the European banks in London too, even if it's just for language's sake.
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April 01, 2013, 06:28:32 PM
 #436



ouch!

made a thread: https://bitcointalk.org/index.php?topic=164132.0

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April 01, 2013, 06:32:05 PM
 #437

yep, any information? any fund have been stolen?

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minimum practical transaction size and cutting off the possibility for small casual transactions

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April 01, 2013, 06:37:13 PM
 #438

Hope davout chimes in quickly

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April 01, 2013, 06:37:53 PM
 #439

yikes.
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April 01, 2013, 06:52:01 PM
 #440

APRIL FOOLS. We held your money for a few hours for the lulz :P
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