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Author Topic: Bitfloor vs. MT.Gox  (Read 2379 times)
Akuda (OP)
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April 11, 2013, 07:08:48 PM
 #1

Honestly I'm glad that MT Gox froze today; reason being I've been out of the Bitcoin loop since the MT Gox back in the day. I got back into it a few weeks ago when they were trading at $50 each and I've made some money fortunately (I've been very careful in my trades). Today however with the big crash and the frozen trades on MT.Gox I began looking around for other exchanges and came across Bitfloor here on the forum. I just would like to say it's a breath of fresh air to see an exchange that feels as secure as MT.Gox but 100x more functional and trader friendly. Anyone else get this feeling from Bitfloor? Discuss.
justusranvier
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April 11, 2013, 07:19:01 PM
 #2

I use Bitfloor because it's the easiest exchange for me to move dollars into, so I buy bitcoins there and immediately withdraw them to cold storage.
wogaut
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April 11, 2013, 07:28:12 PM
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I use Bitfloor because it's the easiest exchange for me to move dollars into, so I buy bitcoins there and immediately withdraw them to cold storage.

I wonder why a CapitalOne360 P2P deposit (formerly ING P2P) would take 3-4 business days to be credited to my bitfloor account (according to bitfloor instructions), when the transfer is virtually instantly? What is bitfloor doing with my funds during that time?


Stampbit
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April 11, 2013, 07:30:59 PM
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Ive had good experiences with bitfloor, and the fact they let you make cash deposits and dont freeze your account and demand ID shows that they have some honest people working there.
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April 11, 2013, 07:33:22 PM
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Ive had good experiences with bitfloor, and the fact they let you make cash deposits and dont freeze your account and demand ID shows that they have some honest people working there.

afaik you need to upload your photo ID to withdraw dollars on bitfloor. 

justusranvier
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April 11, 2013, 07:33:34 PM
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I wonder why a CapitalOne360 P2P deposit (formerly ING P2P) would take 3-4 business days to be credited to my bitfloor account (according to bitfloor instructions), when the transfer is virtually instantly? What is bitfloor doing with my funds during that time?
I don't know, probably waiting to make sure it doesn't get reversed? In any case I use cash deposits at BoA.
redwraith
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April 11, 2013, 08:43:01 PM
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Bitfloor is great, had nothing but good experiences with them.   That's probably because I wasn't holding coins there in Sep '12 when they got hacked, though.  There's a lot of people angry who still haven't gotten their bitcoins back from that incident.  Personally, I can't wait until the new Tradehill opens up to regular investors.
igba
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April 11, 2013, 08:47:10 PM
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its down for me...

anyone else?
Melbustus
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April 11, 2013, 08:50:14 PM
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its down for me...

anyone else?

Yup.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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April 11, 2013, 09:14:26 PM
 #10

down

Bitcoin will show the world what hard money really is.
vinny
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April 11, 2013, 09:22:00 PM
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I also can't get to the website on my browser. Error 118 connection timeout.
ErebusBat
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April 11, 2013, 10:39:34 PM
 #12

I use Bitfloor because it's the easiest exchange for me to move dollars into, so I buy bitcoins there and immediately withdraw them to cold storage.
I used to do this... as you can usually get a way better price than 'last' if you just use bitinstant.  However they lost Wells Fargo deposits so that kinda puts them out for me.

As a side note: Any exchange or service with reasonable fees that opens up deposits at a US Bank will probably have all of my future fiat business.

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Stunna
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April 11, 2013, 10:44:10 PM
 #13

Both have been down for me, I prefer bitfloor these days though.

Stake.com Fastest growing crypto casino & sportsbook
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Sabi
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April 11, 2013, 10:57:12 PM
 #14

CampBX is up.
pretendo
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April 11, 2013, 11:05:21 PM
 #15

Mtgox is garbage.
KeyserSoze
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April 12, 2013, 01:13:30 AM
 #16

From what I can tell CampBX has been up the entire time. There were one or 2 slow moments though, so I imagine if they had much more volume they'd have the same exact issues. Knock, knock, CampBX, this is the time for you to learn to add bandwidth before you become "too successful" like some other exchanges.

I used to day trade Bitcoin successfully. Then I took an arrow to the knee.
mmortal03
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April 12, 2013, 03:17:56 AM
 #17

From what I can tell CampBX has been up the entire time. There were one or 2 slow moments though, so I imagine if they had much more volume they'd have the same exact issues. Knock, knock, CampBX, this is the time for you to learn to add bandwidth before you become "too successful" like some other exchanges.

Now CampBX is down, just as I was trusting them...
Sabi
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April 12, 2013, 03:21:49 AM
 #18

They are not down
mmortal03
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April 12, 2013, 03:24:46 AM
 #19

They are not down


I was getting an error page for 10 minutes or so.  Now they seem to be back.
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April 12, 2013, 03:29:27 AM
 #20

Switched over to bitfloor today. Made a cash transfer and it took less than 10 minutes to clear my account for trading.
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