Bitcoin Forum
October 17, 2017, 04:13:19 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: Bitcoin-24 and no fees?  (Read 1947 times)
keatonatron
Sr. Member
****
Offline Offline

Activity: 322


Jack of oh so many trades.


View Profile
April 12, 2013, 05:41:44 AM
 #1

I just checked out Bitcoin-24 for the first time.

How are they able to operate with no trading fees?

We've all said the fees are getting to be too high with the higher price of BTC... but no fees at all? I don't know if that's a good thing or not.

1KEATSvAhbB7yj2baLB5xkyJSnkfqPGAqk
1508213599
Hero Member
*
Offline Offline

Posts: 1508213599

View Profile Personal Message (Offline)

Ignore
1508213599
Reply with quote  #2

1508213599
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508213599
Hero Member
*
Offline Offline

Posts: 1508213599

View Profile Personal Message (Offline)

Ignore
1508213599
Reply with quote  #2

1508213599
Report to moderator
1508213599
Hero Member
*
Offline Offline

Posts: 1508213599

View Profile Personal Message (Offline)

Ignore
1508213599
Reply with quote  #2

1508213599
Report to moderator
Grinder
Legendary
*
Offline Offline

Activity: 1283


View Profile
April 12, 2013, 08:14:40 AM
 #2

It could be to build market share, but I agree that it is suspicious. There are problems receiving withdrawals as well lately, so I wouldn't put very much money there.
stephwen
Member
**
Offline Offline

Activity: 83


View Profile
April 12, 2013, 09:15:17 AM
 #3

It could be to build market share, but I agree that it is suspicious. There are problems receiving withdrawals as well lately, so I wouldn't put very much money there.
There were delays last week/beginning of this week, but everything seems to be fine now.
Grinder
Legendary
*
Offline Offline

Activity: 1283


View Profile
April 12, 2013, 09:41:05 AM
 #4

No, it doesn't. Some people got their money, and some didn't.
dutt
Member
**
Offline Offline

Activity: 111



View Profile
April 12, 2013, 09:45:17 AM
 #5

I think it runs as a non-profit and relies on donations. Don't use it though, bad experiences with them.

Herodes
Hero Member
*****
Offline Offline

Activity: 868


View Profile
April 12, 2013, 09:50:22 AM
 #6

Intersango also ran with zero fees...

I think fees are important, because it makes an income for the exchange, and then they have money for security, hosting, upgrades and so on.
pat1900
Full Member
***
Offline Offline

Activity: 150


View Profile
April 12, 2013, 10:35:37 AM
 #7

I deposited and withdrew Euros to/from bitcoin-24 several times and there was absolutely no delay. And he charges only the fees the bank charges him.
This guy indeed runs his exchange on a donation basis and obviously has done quite well for some time now.

Trading at bitcoin-24 is quite fun BUT always keep an eye on the history log. If you notice any irregularities you better withdraw your funds as quickly as possible. He frequently makes a few little changes to his exchange software and then doesn't test the software properly. That's why his site got hacked twice in the past. There were no unsolicited withdrawals as there is a quite clever withdrawal procedure. Instead, the intruders were able to sell your bitcoins cheap and then buy expensive using your account (while they bought cheap and sold at a profit on their account at the same time). What things makes worse is it seems all his software is written in PHP only. This also gives cause for concern.


USD: 0.000 BTC       EUR: 0.000 BTC
shantee
Sr. Member
****
Offline Offline

Activity: 358


An investment in knowledge pays the best interest.


View Profile WWW
April 12, 2013, 12:33:30 PM
 #8

The engine is stealing money to some people and giving to others ! This platform is a big mess !
It also takes ages to withdraw your funds... I transfered 40btc to my cold wallet , i am waiting i am waiting, but their hot wallet is always empty...

10 Great Bitcoin & Litecoin related domain name on sale !  |  Need a webmaster? Shantee! Creation de sites Internet Joomla
Amitabh S
Legendary
*
Offline Offline

Activity: 997


View Profile
April 12, 2013, 12:44:41 PM
 #9

Now the service is down and my funds are stuck. Whats going on.

Coinsecure referral ID: https://coinsecure.in/signup/refamit (use this link to signup)
BenTuras
Hero Member
*****
Offline Offline

Activity: 826



View Profile
April 12, 2013, 12:48:05 PM
 #10

Now the service is down and my funds are stuck. Whats going on.
He is probably trying to fix the problems and roll back/correct the faulty transactions.

I am selling in stock OneStringMiner boards, based on the Bitfury chips. Have a look here: https://bitcointalk.org/index.php?topic=495536.0
Amitabh S
Legendary
*
Offline Offline

Activity: 997


View Profile
April 12, 2013, 01:12:08 PM
 #11

Now the service is down and my funds are stuck. Whats going on.
He is probably trying to fix the problems and roll back/correct the faulty transactions.

Well he needs to tell us what he is doing. I've had enough speculation already.

Coinsecure referral ID: https://coinsecure.in/signup/refamit (use this link to signup)
fivemileshigh
Full Member
***
Offline Offline

Activity: 136


View Profile
April 12, 2013, 08:25:50 PM
 #12

Service appears to have been shut down by their polish bank. No word how/when refunds will proceed.

candoo
Hero Member
*****
Offline Offline

Activity: 602


Vertrau in Gott


View Profile
April 12, 2013, 08:35:00 PM
 #13


Einer trage des andern Last, so werdet ihr das Gesetz Christi erfüllen.
Blindfolded
Full Member
***
Offline Offline

Activity: 156



View Profile
April 12, 2013, 09:00:19 PM
 #14



lol - sorry, couldnt resist..
Amitabh S
Legendary
*
Offline Offline

Activity: 997


View Profile
April 12, 2013, 09:01:50 PM
 #15

yes right no fee. Send us all your bitcoins and fiat. We have NO FEE!

Coinsecure referral ID: https://coinsecure.in/signup/refamit (use this link to signup)
hamdi
Hero Member
*****
Offline Offline

Activity: 700



View Profile
April 12, 2013, 09:04:29 PM
 #16

i only had good experiences with BITCOIN-24.com

RationalSpeculator
Sr. Member
****
Offline Offline

Activity: 294

This bull will try to shake you off. Hold tight!


View Profile
April 12, 2013, 09:33:49 PM
 #17

I love bitcoin-24.

Donation based business model is to the benefit of users and producers. Users pay only after they got value, and can decide themselves how much they will give back, and feel good about paying. And producer gets money that also shows appreciation.

That's what I like about the bitcoin community that a lot is based on donations. An exchange based on donations is a dream come true.

Ofcourse bank account closures by government and technical failures happen, also to other exchanges with an expensive and obligatory % fee business model.

Personally I had very good experiences with bitcoin-24 as well as some issues that the owner Simon resolved very well and took responsibility for. I tell more detail about that in this thread: https://bitcointalk.org/index.php?topic=167802.msg1755350#msg1755350
Amitabh S
Legendary
*
Offline Offline

Activity: 997


View Profile
April 12, 2013, 09:35:52 PM
 #18

Is Simon a member here? Is there any Bitcoin-24 staff here. Its good to hear that they have resolved issues in past? What was the turnaround time? Was he as uncommunicative in the past as he is now?

Coinsecure referral ID: https://coinsecure.in/signup/refamit (use this link to signup)
Herodes
Hero Member
*****
Offline Offline

Activity: 868


View Profile
April 12, 2013, 09:40:15 PM
 #19

He frequently makes a few little changes to his exchange software and then doesn't test the software properly. That's why his site got hacked twice in the past.

Uh oh....
RationalSpeculator
Sr. Member
****
Offline Offline

Activity: 294

This bull will try to shake you off. Hold tight!


View Profile
April 12, 2013, 09:51:22 PM
 #20

Is Simon a member here? Is there any Bitcoin-24 staff here. Its good to hear that they have resolved issues in past? What was the turnaround time? Was he as uncommunicative in the past as he is now?

Yes, he is not good at communication. He doesn't seem to answer emails that he thinks will be solved in some time. More info about my experience with him here: https://bitcointalk.org/index.php?
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!