Exchange watch

[btcmind]

I want to gather some information about BTC exchanges, to evaluate how accessible they are from which country and monitor them in a structured format. All posts only on-topic please.


Caveat emptor

Quality of services obviously varies very widely. Posts are not endorsements of any kind at the current state.


List of exchanges

The current biggest exchanges by BTC volume are (according to http://bitcoincharts.com/markets/) (MtGox listed several times for different currencies).

mtgoxUSD 9752.45680602
bitstampUSD 8231.1511873
btceUSD 2507.51043954
btcnCNY 1918.332
btcdeEUR 522.3637794
virwoxSLL 493.43
cbxUSD 489.69346826
virtexCAD 475.612
bitcurexPLN 366.92670515
btceRUR 332.90685044
localbtcAUD 110.5349

Transfer methods

MtGox

All fund transfer methods below require either a verified or trusted account status.
Bitinstant
Japanese Domestic Transfer - Only for Japanese residents.
Polish Domestic Transfer - Only for Polish residents.
International Wire Transfer - Please note that we are unable to accept funds coming from any entity or country listed by the OFAC*
SEPA - Only for european residents

Bitstamp

SEPA deposits: FREE
SEPA withdrawals: 0.90 €
International wire transfer: €, $, £
Inter exchange and cash deposits

Graveyard

Dead exchanges:
Bitfloor
B24
...

[1714185411]

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[polrpaul]

nice work -  much appreciated!
can't wait for the final product.

[QuestionAuthority]

You'll get more activity if you put this in the correct sub forum.

Bitcoin Forum > Economy > Marketplace > Currency exchange

You might also want to list the average time to deposit and withdraw. You could use a poll with the major exchanges listed like this:

Mt. Gox deposit
1 week or less= vote
1 month to 1 week=vote
2 months to 1 month=vote
More than two months=vote

Mt. Gox withdraw
1 week or less= vote
1 month to 1 week=vote
2 months to 1 month=vote
More than two months=vote

BTCe deposit
1 week or less= vote
1 month to 1 week=vote
2 months to 1 month=vote
More than two months=vote

and so on. Reset the poll and start over every month to reflect current status.

[LiteCoinGuy]

nice and usefull work, thanks for that!

take a look at:

http://coinmkt.com/#/

[MykelSilver]

For bank transfers Bitstamp also requires verification: https://www.bitstamp.net/article/bitstamp-new-verification-requirements/

Bitstamp’s verification procedures are in accordance with high standards already adopted in today's financial world and assure Bitstamp’s service providers as well as regulators. To be in line with financial standards, as of September 30th, 2013, bitcoin and bank transfers will only be available to verified customers.

[Snail2]

Great work. Thanks.

[btcmind]

Thanks for the feedback and interest.

This could be a Github repo at some point. What I imagine is an open-protocol on which markets can co-operate. This will not necessarily be in the interest of the markets themselves, but competitive pressure will lead to very little tx costs over time. B24 had 0.00% but is out of "business". In other words transaction networks will be become public goods. Not only for payments but complex transactions as well.

To be added to the list.

http://bex.io/
https://coinmkt.com
https://btc.sx

[btcmind]

Some further links which have to be sorted.

Paypal to Bitcoin

http://www.coinmama.com/

Coinmama gets fees via brokering (making money on price differentials).

Portal:

http://bcchanger.com/

Payment networks
In general I'm very interested in country-specific restrictions and how the banking network looks like. I.e. international wires are not necessarily possible out of Europe. The credit card network is a seperate channel. In Europe there is SEPA and some changes coming next year. I think this applies to Euro-based countries only.

Any input appreciated, especially with regards to Emerging economies.

As noted this is perhaps the kernel of a wider project, so any contributions welcome.

[btcmind]

Trust ratings

http://bitcoin-otc.com/viewratings.php

OTC market is a possible channel between regulated exchanges.

Note: all of this is for BTC only at this point.

Moneypak
Dwolla
WU

[klausbl]

To be added to the list.

Justcoin (https://justcoin.com) is a Norwegian BTC, LTC and XRP exchange launched in May 2013. We accept and have trading pairs with EUR and NOK. Our trading fee is flat at 0,5%.

I would appreciate if you list our exchange as well. 

[btcmind]

Sure. Any debate with exchanges is welcome. Perhaps I will move communications onto an exchange watch platform as well. The central goal here is objectivity. I try to make not any judgements, but to provide tools for judgements of market participants. Tools can be data and ratings. The goal should be to make the (BTC exchange) system more stable. I believe this can be quite independent of BTC alone, although of course there are overlaps. In general some cooperation between exchanges make sense as well, in terms legal/political issues.

Having said that, I very much appreciate that you have opened up your sourcecode. Opening up the source of the exchange is a very good idea IMO, see https://github.com/justcoin/snow . It makes sense that the BTC community (if such a thing exists) channels through exchanges which have the interests in mind, such as a) low prices b) no manipulation c) safety and security.

A question I have is: what deposit mechanisms do you allow? SEPA, International Wire? I believe that in most countries the legal status, especially cross-border, is very much in the open, with regards to bitcoin, but also bitcoin exchanges.

The general idea is that the list is complete, but there will be some mechanism (t.b.d.) which will then allow for people to make their judgement. I.e. the exchange watch project is then a plattform, not a simple unordered list. Perhaps in the longterm this might evolve into an API based plattform. For instance each exchange has a ticker and then one can route through a distributed network. This kinds of systems are common in the established international markets. If exchanges have interoperability the users can route between them. All of this will hopefully facilitate better exchanges. In my view the end game is that exchanges will operate at near zero margins.

I note that there are various models of exchanges. Some exchanges are OTC based, such as Localbitcoins and BTCde.

[klausbl]

I very much appreciate that you have opened up your sourcecode.

We think that this is the best way for our customers to gain confidence in our service. Also, we have people contributing with patches and bug reports.

A question I have is: what deposit mechanisms do you allow? SEPA, International Wire?

For European customers we accept SEPA. For our Norwegian customers we accept standard domestic transfers. We are opening up for international bank transfers outside Europe soon.

[Elwar]

CampBx

Deposit:
USPS Money Orders
MoneyGram Money Orders
Western Union Money Orders
Canada Post International MO
UK Post Office International MO
Dwolla
Personal Checks

Withdrawal:
ACH Direct Deposit
Dwolla
Wire Transfers (including International)
USPS Money Orders

[btcmind]

Thanks. Any posts welcome. I will restructure the list as detailed above, so this is only a temporary dump. Perhaps with a voting system coming pretty soon. Also, any suggestions welcome.

[LiteCoinGuy]

Thanks. Any posts welcome. I will restructure the list as detailed above, so this is only a temporary dump. Perhaps with a voting system coming pretty soon. Also, any suggestions welcome.

new one is:

kraken.com  with btc and litecoin

[btcmind]

Yes, https://www.kraken.com/ it has margining, which has certain implications.

[tskweres]

Definitely add CoinMKT to this list:

https://www.coinmkt.com/

BTC & 6 other cryptocurrencies traded against USD