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Author Topic: Hello from CoinedUp.com  (Read 20367 times)
pete_coinedup (OP)
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July 29, 2013, 05:03:23 PM
 #1

Hello,

My name is Pete. I am the lead dev at CoinedUp.com, which is a new crypto-only currency exchange. I am here to participate in exchange related discussions and also to build a reputation for CoinedUp.com

As for the company, we have quite a few site improvements in the works, and an interesting secondary project which I may discuss in later posts.

Thanks,
Pete
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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July 29, 2013, 05:06:10 PM
 #2

i see 2 major problems:

1. you have no trust
2. there are many well established competitors.

waste of time & money IMO

pete_coinedup (OP)
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July 29, 2013, 05:39:24 PM
 #3

Thank you for your comments.

Building a reputation for safe, fast, accurate trades does take time, but that is the nature of the beast. To give people an incentive to try us out, we will not be charging exchange fees until January 2014. Also, we will never charge withdrawal fees.

The entire bitcoin space is growing everyday, which is why, I believe, our own little piece of the community is growing every day.

Cheers,
Pete
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July 29, 2013, 05:45:21 PM
 #4

Welcome to the forums Pete, please tell us more about yourself, the company and why we should consider using your services.

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pete_coinedup (OP)
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July 30, 2013, 05:18:14 PM
 #5

We created CoinedUp.com mostly because we could. We had experience with lean start-ups, and we wanted to be a part of the bitcoin/crypto community. Since I personally have been a software engineer and DB dev for over 13 years now, I rallied a team to take on the project. We went crypto-only because the regulations are just too overbearing for a hard-currency market.

The other big reason for starting our own exchange was withdrawal-fees on other exchanges. It's ludicrous to me that there would be a fee for withdrawing money from one's exchange account (besides the miner/TX fee). Because of competition, typical stock trading companies don't do that, so why should crypto based companies be able to? CoinedUp.com will never charge withdrawal fees.

While we build up our customer base, we're totally free. We want people to try us out. We hope to convince customers to give us that minimal trust, while build up our reputation for safe, fast, and accurate trades.

We plan to start charging a small flat-rate exchange fee in January 2014. We only need the minimal funds to pay for the servers and such. The team takes no pay, and doesn't plan to for the near future. We enjoy being part of the growing crypto community.

Pete
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July 30, 2013, 05:32:42 PM
 #6

Seems like Cryptsy kills it b/c they offer so many different coins. Always interested in new exchanges - what makes yours different?

pete_coinedup (OP)
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July 30, 2013, 05:55:27 PM
 #7

Cryptsy is great. I like them, and I think they will eventually start to offer a BTC/USD market - a path that we may want to duplicate. I feel like they offer too many altcoins. I think that CoinedUp will probably only add the more promising alts. We're looking at possibly adding feathercoin and primecoin in our next update. Aside from zero withdrawal fees, our key difference will be the flat-rate exchange fee (coming on January 2014). Flat-rate is something that separates us from the rest of exchanges in a big way.

The interesting thing is that no one exchange can or should have the entire market. At some point when an exchange gets too big, they start to sacrifice either safety, speed, or accuracy, and a percentage of customers will start to go elsewhere.

Barring some sort of distributed exchange protocol, the free market demands that there are always choices in crypto-exchanges. The fact that we exist will influence what other exchanges charge for their various services.
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July 30, 2013, 06:05:41 PM
 #8

Thank you for all the great info. Definitely something for BTC and other coin users to consider.
pete_coinedup (OP)
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December 02, 2013, 09:14:51 PM
 #9

Hello,

This is Pete again from CoinedUp.com (The FREE crypto-only currency exchange). Just wanted to post a few updates...

At Coined Up we've added a few more cryptos to our exchange. We now support BTC/LTC/FTC/NMC/PPC/XPM/TAG in various market pairs.

And just today we've started mining pools for LTC and TAG. (https://miner.coinedup.com) All of our pools feature 0% fees, proportional payouts, and donations are appreciated!

Let's make some coin!

Cheers,
Pete
CoinedUp.com
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December 12, 2013, 06:54:24 AM
 #10

Nice site! Glad to see you are accepting DOGE!!
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December 12, 2013, 07:02:52 AM
 #11

hi pete

hoping your brand gets big Smiley do start some sort of giveaway here on e you are past newbie jail, to increase traffic to your website and bring it to the attention of forum members.

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December 12, 2013, 08:07:50 AM
 #12

Hey,

I see you just added DOGE to the exchange, I want to get rid of all the DOGE I've mined but haven't traded so far (about 2.4MIL) but my order keeps getting rejected. Any ideas why?

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December 12, 2013, 08:28:39 AM
 #13

Good site i just got into Bitcoins and just reading up on info first before i purchase anything
ocean59
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December 12, 2013, 10:46:47 AM
 #14

So I managed to successully deposit DOG, but it will not let me place a sell order. In other forums I am hearing reports of buy orders also being rejected. Will this be fixed soon?
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December 12, 2013, 11:30:15 AM
 #15

Hello pete.
I would try your exchange but i hate google login and will stay away from it.
good luck.
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December 12, 2013, 03:35:52 PM
 #16

Site's down?

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December 12, 2013, 07:58:36 PM
 #17

I traded DOGE today using this site and it worked.
It was extremely slow though.

First time I could login on a coin related website using openid.

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December 12, 2013, 08:01:21 PM
 #18

I traded DOGE today using this site and it worked.
It was extremely slow though.

First time I could login on a coin related website using openid.

How much did you get for let's say 500,000 Doggies on coinedup ?

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December 12, 2013, 08:02:04 PM
 #19

This doge coins getting really popular.

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December 12, 2013, 09:56:02 PM
 #20

I traded DOGE today using this site and it worked.
It was extremely slow though.

First time I could login on a coin related website using openid.

How much did you get for let's say 500,000 Doggies on coinedup ?

Something around 0.2 BTC.

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