CampBX Launch - Free Trades for All Bxlievers!

[Keyur @ Camp BX]

Good morning everyone,
   We are happy to announce that Camp BX platform is live for trading!  As a welcome to early adopters and Bxlievers, we are offering free trades through July 15th.

https://CampBX.com/

   A big thank you again to all the testnet participants for trying out the Camp BX platform and sharing their excellent ideas and feedback. Without you, we wouldn't be here!

Three quick notes:
1) You will be charged commissions and we will issue a full refund on July 17th (Sunday).
2) Stop-loss and Margin Trading depend heavily on liquidity, so these features will be enabled when liquidity increases.
3) We have built a statistics-based compliance engine that monitors Dwolla flows and flags potential illegal activity.  We are training this engine and reviewing all USD deposits / withdrawals manually for a couple of days, so they make take a little longer to go through.

Thank you for giving us a chance and happy trading,
      - CBX Team

[1713563778]

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[1713563778]

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[becoin]

Good morning everyone,

Good morning, Keyur. Good work. Just a quick question...

We have hard-coded additional rules in our trading engine to thwart illegitimate usage of the platform and money laundering.

Does that mean you are directly interfacing your platform with some of the 3 letter agencies?

[Keyur @ Camp BX]

Does that mean you are directly interfacing your platform with some of the 3 letter agencies?

Becoin,
     Great question - The engine flags these accounts for manual review, and we can refuse the transaction or refund/close the account depending on severity.  We are not tied into any of the 3-letter agencies.

Hope this helps,
     Keyur

[dinzy]

Camp BX looks pretty awesome.  

I am not sure the free trade window will get me to jump in quite yet, but I am willing to put some money over there in the 3+ days it will take for my money to leave Gox hit dwolla and then go to camp bx.  

FYI I noticed a typo on the Margin trading section of the faq.  

[Keyur @ Camp BX]

Camp BX looks pretty awesome.  

I am not sure the free trade window will get me to jump in quite yet, but I am willing to put some money over there in the 3+ days it will take for my money to leave Gox hit dwolla and then go to camp bx.  

FYI I noticed a typo on the Margin trading section of the faq.  

Thank you Dinzy - will fix that shortly!

[elggawf]

How come the minimum trade is 0.5BTC? I don't think any of the other exchanges do this - MtGox I believe was a $1USD minimum, and I think TradeHill's is 0.01 of either currency.

I was going to play with it some but it looks like I'll have to wait for more BTC to clear.

[stic.man]

my dwolla deposit was credited within an hour, that was pretty nice

i now have a standing buy order in place

site looks good

[becoin]

The engine flags these accounts for manual review, and we can refuse the transaction or refund/close the account depending on severity.  We are not tied into any of the 3-letter agencies.

But you are legally bound to autoreport those flagged transactions and accounts, right?

The foundation of our operations is an active and prominent compliance program, and we are committed to maintaining full compliance with State of Georgia - Department of Banking and Finance regulations.

[dinzy]

How come the minimum trade is 0.5BTC? I don't think any of the other exchanges do this - MtGox I believe was a $1USD minimum, and I think TradeHill's is 0.01 of either currency.

I was going to play with it some but it looks like I'll have to wait for more BTC to clear.

I only see a limit on the quick buy section, i.e. the noob buy.  I doub't it is there in trading as many fractions get filled if you place an order extending away from market price. 

[dsky]

Will there be options for users from europe to add or withdraw funds?

[elggawf]

I only see a limit on the quick buy section, i.e. the noob buy.  I doub't it is there in trading as many fractions get filled if you place an order extending away from market price.  

I just tried to place a sell order for ~0.07 BTC and it told me the minimum is 0.5.

They also do the nasty rounding every other exchange does. At least in the "home" screen, can see see the full balance down to the last decimal place? Potentially 8 decimal places won't screw up the design that much.

[Keyur @ Camp BX]

The engine flags these accounts for manual review, and we can refuse the transaction or refund/close the account depending on severity.  We are not tied into any of the 3-letter agencies.

But you are legally bound to autoreport those flagged transactions and accounts, right?

The foundation of our operations is an active and prominent compliance program, and we are committed to maintaining full compliance with State of Georgia - Department of Banking and Finance regulations.

Becoin,
      Our rules engine trips well before the limits set by DBF.  In this case the transactions do not need to be reported.  However if rules engine misses something that we discover in post-analysis, we will run it by our lawyer and determine reporting requirements.

In other words, CampBX does not want to be a place for illegal activity!

Thank you,
    Keyur

[Keyur @ Camp BX]

I only see a limit on the quick buy section, i.e. the noob buy.  I doub't it is there in trading as many fractions get filled if you place an order extending away from market price.  

I just tried to place a sell order for ~0.07 BTC and it told me the minimum is 0.5.

They also do the nasty rounding every other exchange does. At least in the "home" screen, can see see the full balance down to the last decimal place? Potentially 8 decimal places won't screw up the design that much.

Elggawf,
    It just requires a quick config tweak on our side to show more Decimal points.  We have set it at 4 to not scare new Bitcoin users who are used to 2 decimal points.  However, we will certainly look into a profile options that lets more experienced users see more precision.

Thank you for trying us out!
     Keyur

[DonnyCMU]

Great! Been waiting for a real pros like you guy for weeks!
I hope you would enable the margin trading real soon! (Got many bitcoins, but cash-strapped)

[Keyur @ Camp BX]

my dwolla deposit was credited within an hour, that was pretty nice

i now have a standing buy order in place

site looks good

Thank you and welcome Sticman!  Please reach out to us if you have questions or issues, and we will do our best to resolve them quickly.

[rdonohoe]

Looks cool, but again can't use it as it has no European deposit/withdraw.

[wumpus]

Looks cool, but again can't use it as it has no European deposit/withdraw.

You cannot sign up at all as non-US citizen? Or could you, in theory, use BTC deposit and withdraw and only trade there?

[BitQuestr (BitCoinWorldMarket)]

Good luck, the site looks terrific!

[elggawf]

More rounding issues - it rounds to 1 decimal place when you place an order.

Place an order for 0.78 and it rounds to 0.8 and throws an error because I don't have 0.8BTC in there.

Edit: then the confirmation page says this, which is clearly wrong:

You are selling: 0.7000 Bitcoins (Rounded to nearest 0.05)

[HideousBeastManGuy]

Was it by design that you the depth of market only shows integer levels?  I'm not sure I'm a fan of that.