thoughts on itbit.com?

[joesmoe2012]

No US customers.

[realcoin]

No US customers.

Ok.

But I am from Europe.

[piramida]

I'm staying away from this one.

Yes, everybody should. While not a complete scam, and I was (after one week) able to get my coins out of it, it is extremely unprofessional and a royal pain in the ass, starting with the hugest fees for every move (withdraw, trade, seems that even looking at your balance incurs a fee), to absolutely stupid and excessive authorization and verification, to overall shady practices of blocking accounts.

I thought other exchanges were bad, but this one here sets a new high standard of crappy.

[MPOE-PR]

I was attracted by this article:

itBit is pursuing additional liquidity measures outside of the pricing model, including a relationship with a quantitative trading firm for professional market making...

Technology
The itBit team wants to see bitcoin traded like any other foreign currency, which also means advanced technical infrastructure, according to Teo. The exchange’s engine was built based on NASDAQ open-source technology and is capable of handling millions of trades per second, which gives itBit order of magnitude margin for market growth before having to update their systems. The company is also employing globally-redundant cloud hosting and Akamai DDoS protection to ensure reliability and uptime, as well as FIX APIs to meet broader ForEx technical standards.
http://thegenesisblock.com/bitcoin-exchange-itbit-announces-launch-5-5m-total-funding/

Loller.

Hey itBit. The whole dysfunctional operation patched over here and there if enough of a stink is made method most recently enacted by coinbase doesn't work so well in the long run.

See here.

[skivrmt]

I have not had any issues with itBit.  I got verified, took around 4 days.  I wired funds in, they were in within a day.  I bought XBT.  I keep a small amount on the site and transferred some to my wallet.  The transfer took 2 business days.  Long.  But I feel safe that I received an email asking if it was me and it didn't happen right away so I could stop it.

[hohsuling]

Stay away from this company!

Sent $3000 to their bank account which they received. I purchased bitcoins and then the problems started.

1. I have a fully verified account with them. ID and utility bill submitted.
2. Deposit is very easy for them. It's like they are indirectly telling you to "GIVE US THE MONEY!"
3. When withdrawing they will make climbing Mt Everest a far more easier task to do! I tried to send my bitcoins to my external wallet and the traps began to reveal. On the scheduled withdrawal time I get the message that it is being "broadcast" and can take about two hours. Two hours later I get a new message that it will be sent to the blockchain the following day. It has been like this for several days now!

Now I am travelling and it is a pain to deal with this people. They are super quick to react to questions about depositing funds on their Singapore bank account but withdrawing or removing anything from their resources is such a pain. They underestimated that fact that hell has no fury like a Singaporean woman scorned!

[ShopemNL]

Any updates on this company?