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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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maxmint
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April 04, 2013, 05:05:08 PM |
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Great! I regularly use it to convert USD/EUR and I know that it's a quite popular website.
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BTC Books
Member
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Activity: 84
Merit: 10
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April 04, 2013, 05:19:49 PM |
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Fascinating. Looks like they've been at it for awhile.
I wonder what their lag is when they get busy...
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Dankedan: price seems low, time to sell I think...
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mai77
Newbie
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Activity: 28
Merit: 0
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April 04, 2013, 05:23:58 PM |
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cool but no historic prices yet
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ColdHardMetal
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April 04, 2013, 05:26:01 PM |
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Cool. If they added BTC pairs to their platform that would be pretty crazy.
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BTC Books
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Offline
Activity: 84
Merit: 10
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April 04, 2013, 05:49:40 PM |
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Cool. If they added BTC pairs to their platform that would be pretty crazy.
Looks like you create your own pairs, no? |
Dankedan: price seems low, time to sell I think...
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ColdHardMetal
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April 04, 2013, 06:16:07 PM |
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Cool. If they added BTC pairs to their platform that would be pretty crazy.
Looks like you create your own pairs, no? On the converter yes, but not on their trading platform. |
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Stephen Gornick
Legendary
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Activity: 2506
Merit: 1010
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April 04, 2013, 06:30:43 PM |
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Bitcoin is now one of the currencies on Oanda
Since they give the quote for whatever pairs you pick, the USD/BTC shows a 0.00779 BTC per dollar. I guess I just haven't seen that pair order in a while and it shocked me a little. |
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DublinBrian
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April 04, 2013, 07:07:49 PM
Last edit: June 29, 2013, 05:55:34 PM by DublinBrian |
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This is amazing news!
OANDA is probably the most respected forex trading platform available to retail clients.
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moni3z
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April 04, 2013, 07:10:25 PM |
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Oanda accepts credit cards immediate funding up to $10,000USD and Paypal how long until they're frauded out of all their coins Also: For your security, you can only withdraw funds by the same method you used to deposit them into your OANDA account. So how do I pay in with my card, buy coins and then withdraw those coins back to my card. Guess you are buying virtual coins and don't get to keep them |
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Mageant (OP)
Legendary
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Activity: 1145
Merit: 1001
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April 04, 2013, 07:12:13 PM |
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Cool. If they added BTC pairs to their platform that would be pretty crazy.
Looks like you create your own pairs, no? On the converter yes, but not on their trading platform. I think once it's on their converter it's only a matter of time before they add it to the trading platform, too. |
cjgames.com
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ColdHardMetal
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April 04, 2013, 07:12:29 PM |
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Oanda accepts credit cards immediate funding up to $10,000USD and Paypal how long until they're frauded out of all their coins
The aren't exchanging coins. All they've done is add BTC to their FX conversion utility. No trading possible. |
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ColdHardMetal
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April 04, 2013, 07:21:34 PM |
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Cool. If they added BTC pairs to their platform that would be pretty crazy.
Looks like you create your own pairs, no? On the converter yes, but not on their trading platform. I think once it's on their converter it's only a matter of time before they add it to the trading platform, too. Maybe. There are tons of currencies on the converter that they don't offer on their platform though. I could maybe see them adding it as a deposit method. |
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Mageant (OP)
Legendary
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Activity: 1145
Merit: 1001
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April 04, 2013, 07:23:16 PM |
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Cool. If they added BTC pairs to their platform that would be pretty crazy.
Looks like you create your own pairs, no? On the converter yes, but not on their trading platform. I think once it's on their converter it's only a matter of time before they add it to the trading platform, too. Maybe. There are tons of currencies on the converter that they don't offer on their platform though. I could maybe see them adding it as a deposit method. Technically, it wouldn't be hard for them to do so and there are no legal or political hurdles as with some state currencies. |
cjgames.com
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moni3z
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April 04, 2013, 07:24:26 PM |
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Ahh yes it's just for the calculator. Too bad because they offer zero fee money transfers I've used in the past, you only pay for exchange rate spread. Dump in coins, send local funds anywhere
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BTC Books
Member
Offline
Activity: 84
Merit: 10
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April 04, 2013, 08:00:43 PM |
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Also: For your security, you can only withdraw funds by the same method you used to deposit them into your OANDA account. If, as you quote Oanda, this remains true... And if, as Mageant posits: Maybe. There are tons of currencies on the converter that they don't offer on their platform though. I could maybe see them adding it as a deposit method. ...they add it as a deposit method: Then they become essentially an exchange for bears only. BTC in > convert to dollars > wait for price to go down > convert back and withdraw BTC. Makes no sense. If they accept BTC in any way, they are almost forced to provide a full exchange - or lose money on fees buying the BTC to pay out. Am I missing something? |
Dankedan: price seems low, time to sell I think...
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jwzguy
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April 04, 2013, 09:01:04 PM |
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Am I the only person who thought this was a topic about Bitcoin being featured on a radio show?
Cool news, though.
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btbrae
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April 04, 2013, 09:01:18 PM |
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Ahh yes it's just for the calculator. Too bad because they offer zero fee money transfers I've used in the past, you only pay for exchange rate spread. Dump in coins, send local funds anywhere
Not anymore they don't. Regulations forced that service down. See "Important Notice: fxGlobalTransfer, for third parties, has been discontinued". http://fxglobaltransfer.oanda.com/The banking cartel are at war with the people. Thanks to Bitcoin, they no longer have the upper hand. |
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MWNinja
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April 05, 2013, 12:04:22 AM |
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I would love to see BTC traded on Oanda, they have one of the best trading platforms in the world. Amazing technical analysis tools, and no you don't get "lagged" although reality is there will always be slippage in high volume market moves. Forex trading typically uses a LOT of leverage and most people lose their initial investment. Bitcoin needs to stabilize before it can be traded in a market like Oanda (or perhaps being traded on major exchanges can create the stability that Bitcoin so badly needs).
I wouldn't recommend forex trading because I don't like the math on it, but still you all should check out their trading platform by creating a free game account.
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fredtrader
Newbie
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Activity: 56
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April 05, 2013, 12:16:59 AM |
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People on reddit have posted about Oanda support telling them actual conversion isn't in the books anytime soon.
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jubalix
Legendary
Offline
Activity: 2618
Merit: 1022
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April 05, 2013, 12:41:27 AM |
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Also: For your security, you can only withdraw funds by the same method you used to deposit them into your OANDA account. If, as you quote Oanda, this remains true... And if, as Mageant posits: Maybe. There are tons of currencies on the converter that they don't offer on their platform though. I could maybe see them adding it as a deposit method. ...they add it as a deposit method: Then they become essentially an exchange for bears only. BTC in > convert to dollars > wait for price to go down > convert back and withdraw BTC. Makes no sense. If they accept BTC in any way, they are almost forced to provide a full exchange - or lose money on fees buying the BTC to pay out. Am I missing something? Can't you buy BTC as well then on Oanda when this goes live |
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BTC Books
Member
Offline
Activity: 84
Merit: 10
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April 05, 2013, 02:49:40 AM |
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Also: For your security, you can only withdraw funds by the same method you used to deposit them into your OANDA account. If, as you quote Oanda, this remains true... And if, as Mageant posits: Maybe. There are tons of currencies on the converter that they don't offer on their platform though. I could maybe see them adding it as a deposit method. ...they add it as a deposit method: Then they become essentially an exchange for bears only. BTC in > convert to dollars > wait for price to go down > convert back and withdraw BTC. Makes no sense. If they accept BTC in any way, they are almost forced to provide a full exchange - or lose money on fees buying the BTC to pay out. Am I missing something? Can't you buy BTC as well then on Oanda when this goes live If it goes live, yes - but if you originally deposit in USD, then that's how you have to withdraw: in USD. Not a lot of bulls will want that - I certainly wouldn't - and the time and transaction fees spent putting your fiat somewhere else so you could buy BTC with them would seriously hurt the bottom line. So it would look like: USD in > buy BTC > cash out in USD when exchange rate goes up > send USD somewhere else to buy BTC > withdraw BTC No thanks. |
Dankedan: price seems low, time to sell I think...
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jubalix
Legendary
Offline
Activity: 2618
Merit: 1022
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April 05, 2013, 04:18:43 AM |
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Also: For your security, you can only withdraw funds by the same method you used to deposit them into your OANDA account. If, as you quote Oanda, this remains true... And if, as Mageant posits: Maybe. There are tons of currencies on the converter that they don't offer on their platform though. I could maybe see them adding it as a deposit method. ...they add it as a deposit method: Then they become essentially an exchange for bears only. BTC in > convert to dollars > wait for price to go down > convert back and withdraw BTC. Makes no sense. If they accept BTC in any way, they are almost forced to provide a full exchange - or lose money on fees buying the BTC to pay out. Am I missing something? Can't you buy BTC as well then on Oanda when this goes live If it goes live, yes - but if you originally deposit in USD, then that's how you have to withdraw: in USD. Not a lot of bulls will want that - I certainly wouldn't - and the time and transaction fees spent putting your fiat somewhere else so you could buy BTC with them would seriously hurt the bottom line. So it would look like: USD in > buy BTC > cash out in USD when exchange rate goes up > send USD somewhere else to buy BTC > withdraw BTC No thanks. but cant they send BTC >>> and exchange out through GOX BTC is not covered by such regulations and you would not be withdrawing USD either so its ok |
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mc_lovin
Legendary
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Activity: 1190
Merit: 1000
www.bitcointrading.com
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April 12, 2013, 06:11:54 PM |
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....aaaaand it's gone?
Did Oanda take it down?
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EndTheFed321
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April 12, 2013, 07:24:06 PM |
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To good to be true  No BTC on Onanda  |
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BTC Books
Member
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Activity: 84
Merit: 10
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April 22, 2013, 06:19:44 PM |
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Feedback? From your blog linked in the parent: Despite the increased awareness around the cyber currency, OANDA has no plans at this time to introduce Bitcoin as a tradeable currency to OANDA’s fxTrade platform, or to accept Bitcoin as a method for funding fxTrade accounts. By adding Bitcoin to our Currency Converter, we are acknowledging – in a very real way – the wide-ranging interest Bitcoin has generated as a virtual payment system. Some people get in the swimming pool one careful, shuddering toe at a time. Some people just jump the hell in. Failure is always an option, but... ...which of those two types of people make the great fortunes of this world - and which become 'comfortable'? Eh. You pays yer money and you takes yer shot... |
Dankedan: price seems low, time to sell I think...
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DublinBrian
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April 22, 2013, 08:55:36 PM |
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Bitcoin is not showing up in the OANDA Currency Converter dropdown box for me right now. Im looking under "B". Am I doing something wrong?
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chris_oanda
Newbie
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Activity: 3
Merit: 0
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April 22, 2013, 09:08:24 PM |
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Strange, it should be there. Do you mind clearing your cache? If that doesn't work, can you fill out http://www.oanda.com/site/contact/feedback? I'll reply and try to figure out why it's not showing up for you. Thanks! Chris |
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DublinBrian
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April 22, 2013, 09:29:21 PM |
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I tried clearing cache. Still not showing bitcoin in dropdown box. Also I tried two different browsers Firefox and Chrome coming from two different IP numbers. Still not showing. |
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metabyte
Member
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Activity: 66
Merit: 10
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April 22, 2013, 11:04:13 PM |
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It is not showing for me either.
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jubalix
Legendary
Offline
Activity: 2618
Merit: 1022
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April 23, 2013, 02:09:22 AM |
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I would love BTC on OANDA, I have used your platform over many years and its generally very good, and stable You can make a killing with gox which is at best a "part time" competitor..... as long as you let people transfer BTC out easily |
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miernik
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April 27, 2013, 01:44:13 PM |
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Is it showing up for anyone right now?
Not working for me any time I try.
I created a ticket with OANDA Technical Support, and they are asking for operating system and browser, but before I reply them, lets see if its working for anyone at all?
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cbeast
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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April 27, 2013, 01:56:35 PM |
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http://www.oanda.com/currency/converter/ works for me. Using Mozilla Firefox on Win7.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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miernik
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April 27, 2013, 02:06:00 PM |
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Great. Is there anyone for whom it works who uses any kind of a GNU/Linux system?
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ghostshirt
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April 27, 2013, 10:19:32 PM |
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Great. Is there anyone for whom it works who uses any kind of a GNU/Linux system?
Works fine on Ubuntu 13.04 with Chrome. |
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jubalix
Legendary
Offline
Activity: 2618
Merit: 1022
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April 27, 2013, 10:38:31 PM |
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The historical prices by graph are really wrong.....must be daily averaged?  but even that seems wrong |
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m3ta
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April 28, 2013, 12:08:05 AM |
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Selling 130.000 USD
you get 1.00086 BTC
Buying 130.000 USD
you pay 1.00086 BTC
Warning: converter full of FAIL.
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roy7
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April 28, 2013, 12:12:03 AM |
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Just need one legitimate forex provider to start trading BTC and all of the other exchanges can go away.
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cbeast
Donator
Legendary
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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April 28, 2013, 01:33:56 AM |
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Just need one legitimate forex provider to start trading BTC and all of the other exchanges currencies can go away.
FTFY  |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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bernard75
Legendary
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Activity: 1316
Merit: 1003
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June 10, 2013, 05:33:50 PM
Last edit: June 10, 2013, 05:45:05 PM by bernard75 |
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Obviously XE followed in their footsteps and even though they got the XBT wrong(or not? iso?), they are doing a much better job at it(and will let you choose your language  ):   |
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doom309
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June 10, 2013, 05:35:36 PM |
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cool, btc on xe  |
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Gabi
Legendary
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Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
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June 10, 2013, 05:42:18 PM |
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It is BTC, not XBT |
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monsterer
Legendary
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Activity: 1008
Merit: 1000
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June 10, 2013, 06:52:47 PM |
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I like Oanda, but you've got to remember that a broker != an exchange.
A broker has a price-feed which they take from an exchange - they act as a middle-man between you and the exchange they post your trades on, which has limited value when you can trade directly with the exchange yourself.
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roy7
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June 10, 2013, 07:00:19 PM |
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I like Oanda, but you've got to remember that a broker != an exchange.
A broker has a price-feed which they take from an exchange - they act as a middle-man between you and the exchange they post your trades on, which has limited value when you can trade directly with the exchange yourself.
That is correct but for retail customers who trade Forex on Oanda, it isn't like you can go to a forex exchange to trade more directly. ie: ETrade is a middle man between you and the NYSE, but you can't go to the NYSE directly to bypass the broker. In the case of something like BTC there's no centralized single exchange they'd be front us, so they would need to match buy/sell orders and act as their own exchange, basically. |
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Abdussamad
Legendary
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Activity: 3612
Merit: 1564
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June 10, 2013, 07:55:51 PM |
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Wow bitcoins on xe. That is big news. I think it deserves its own thread!
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monsterer
Legendary
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Activity: 1008
Merit: 1000
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June 10, 2013, 08:46:03 PM |
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In the case of something like BTC there's no centralized single exchange they'd be front us, so they would need to match buy/sell orders and act as their own exchange, basically.
I highly doubt that. It's quite likely they'll just use MtGox for the feed and for the orders as that is the biggest exchange, as the other forex brokers trading bitcoin have. The only exchange/broker combo that I know of is Kraken. |
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