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Author Topic: TradeHill - AUD market is now live.  (Read 8554 times)
Jered Kenna (TradeHill)
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July 01, 2011, 07:10:10 AM
 #1

TradeHill is proud to announce that we will now be trading AUD on our exchange.

We've received a huge demand for AUD and we had been holding back while we finalized some details.

TradeHill will be represented by Jaden Rubinstein in Australia.

This will most likely provide a huge opportunity for arbitrage immediately as Australia looks to purchase Bitcoins.


Thanks for all the great support.




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July 01, 2011, 07:28:35 AM
 #2

woohoo!

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July 01, 2011, 07:41:25 AM
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Cool.

Looking forward to future Moneybookers support, if possible (at least for withdrawals).
Alex Beckenham
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July 01, 2011, 07:45:12 AM
 #4

Great news.

Where abouts is Jaden based?


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July 01, 2011, 08:28:23 AM
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Hmmmm, I have an account in AUD I can access - might have look and play - add some depth/liquidity.

edit: current asks are "generous", but that will change.
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July 01, 2011, 08:46:29 AM
 #6

so if you wire aud into your account you can only buy/sell off the aud offers market ??

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July 01, 2011, 09:15:58 AM
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Brilliant! Please consider doing ZAR (South African Rands) too!

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July 01, 2011, 09:20:30 AM
 #8

This is good news

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July 01, 2011, 09:54:04 AM
 #9

We've received a huge demand for AUD and we had been holding back while we finalized some details.

TradeHill will be represented by Jaden Rubinstein in Australia.

This will most likely provide a huge opportunity for arbitrage immediately as Australia looks to purchase Bitcoins.
I have just put up my coins for sale on TH AUD and severely UNDERCUT all the previous offers.
So Aussies come an' get it while it's hot, or the 'roo will hopp away like a boomerang in flight... Well you know what I mean...  Grin
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July 01, 2011, 10:08:22 AM
 #10

so if you wire aud into your account you can only buy/sell off the aud offers market ??
Well you can buy BTC for AUD and then sell them for USD (or hoes and beer).
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July 01, 2011, 11:24:12 AM
 #11

Exactly what tradehill needs to grab some market share from mtgox.  No easy way to get money from mtgox to Australia.  Expect to see a lot of trade from aussies champing at the bit. 

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July 01, 2011, 11:28:52 AM
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What are the fees to withdraw?

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July 01, 2011, 12:07:53 PM
 #13

Go for EUR!
Jered Kenna (TradeHill)
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July 01, 2011, 02:25:49 PM
 #14

Great news.

Where abouts is Jaden based?




Canberra ACH



Fees to withdraw are:

.5% capped at $15AUD

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Jered Kenna (TradeHill)
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July 01, 2011, 02:51:28 PM
 #15

Hmmmm, I have an account in AUD I can access - might have look and play - add some depth/liquidity.

edit: current asks are "generous", but that will change.

Hello All,

For some additional clarity on your trading options see below.

For Australians, you no longer have to buy USD at your local bank and then do an international wire transfer to our US bank account. You can simply make a local transfer to our local bank account in AUD. Additionally, your funds will now be held as AUD and you can enter our BTC-AUD trading room and buy BTC using AUD. However, if you are still interested in buying BTC using USD, then feel free to ask your local bank to covert the the AUD to USD and send us an international wire transfer.

Further, TO EVERYONE who has BTC, you can begin selling your BTC in the BTC-AUD trading room. We expect high pricing inefficiencies until liquidity is developed; therefore, it is possible to get premiums on selling your BTC. Additionally, cross currency arbitrage opportunities will be high.

Thanks again and let us know if you have any questions, concerns, or feedback.

Regards,
Adam - Tradehil

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July 01, 2011, 02:55:13 PM
 #16

And can funds be directly transferred back to an Australian bank account?

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July 01, 2011, 03:00:33 PM
 #17

Holy jebus the fees are high! Have you guys considered setting up a system where people can open their own accounts in those same banks, and then transferring from their account to yours for free? (or at least a very low fee, since it's just an accounting entry for the bank)

Jered Kenna (TradeHill)
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July 01, 2011, 03:34:39 PM
 #18

And can funds be directly transferred back to an Australian bank account?

Yep, they can be!

We can take both deposits and withdrawals in AUD via our local Tradehill partner.

Thanks,
Adam - Tradehill

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July 02, 2011, 12:08:52 AM
 #19

Is this a legitimate operation? I'm cautious about putting my money into anything that isn't licensed by ASIC.
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July 02, 2011, 12:13:01 AM
 #20

Is this a legitimate operation? I'm cautious about putting my money into anything that isn't licensed by ASIC.

I use trade hill a lot and never had any issues

Referral link for 10% off comission is in sig  Grin

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