Australian Bitcoin Exchange - NOW LIVE

[Andre Jensen (World Bitcoin Exchange)]

Wow what a good turn out! in the last 3 days, thank you to all that have paper traded on the new Australian Bitcoin exchange this helped us in a huge way to finalize testing.

We are happy to announce everything passed all tests and we are ready to trade AUD for BTC.

Deposits and Withdraws are FREE (via EFT) to Australian residents.

Our code is Open Source at github/intersango/aud

We Thank You for your support

-Andre

http://australianbitcoinexchange.com.au
(this link directs you to our main secure site, World Bitcoin Exchange.)

[Karmicads]

Wow what a good turn out! in the last 3 days, thank you to all that have paper traded on the new Australian Bitcoin exchange this helped us in a huge way to finalize testing.

We are happy to announce everything passed all tests and we are ready to trade AUD for BTC.

Deposits and Withdraws are FREE (via EFT) to Australian residents.

Our code is Open Source at github/intersango/aud

We Thank You for your support

-Andre

http://australianbitcoinexchange.com.au
(this link directs you to our main secure site, World Bitcoin Exchange.)

Well done Andre. This is a welcome contribution to the bitcoin world and the Australian community. Until Tradehill began trading in AUD I had contemplated setting up an exchange here myself, but it was more involved than I had hoped. I've never tried moving bitcoin in or out of Tradehill, so I don't know if that solved our liqidity concerns. But It's just fantastic news to have a home grown exchange with EFT support, so rest assured, I'll be there with bells on.

[ffuentes]

intersango.com.au would be prettier

[dooglus]

intersango.com.au would be prettier

Use that then if you like.  It works just the same.

http://intersango.com.au/ redirects to https://www.worldbitcoinexchange.com/ .

[DownloadCoin.com]

It's great to see more exchanges popping up for different countries.

[Rodyland]

Great work, look forward to trying it out.

[Andre Jensen (World Bitcoin Exchange)]

Wow what a good turn out! in the last 3 days, thank you to all that have paper traded on the new Australian Bitcoin exchange this helped us in a huge way to finalize testing.

We are happy to announce everything passed all tests and we are ready to trade AUD for BTC.

Deposits and Withdraws are FREE (via EFT) to Australian residents.

Our code is Open Source at github/intersango/aud

We Thank You for your support

-Andre

http://australianbitcoinexchange.com.au
(this link directs you to our main secure site, World Bitcoin Exchange.)

Well done Andre. This is a welcome contribution to the bitcoin world and the Australian community. Until Tradehill began trading in AUD I had contemplated setting up an exchange here myself, but it was more involved than I had hoped. I've never tried moving bitcoin in or out of Tradehill, so I don't know if that solved our liqidity concerns. But It's just fantastic news to have a home grown exchange with EFT support, so rest assured, I'll be there with bells on.

Thanks, I would like to take this opportunity to also thank the Exchanges technical lead Chris More also known as dooglus in the forum, Chris has taken Intersango's basic exchange structure and improved security and user tools ten fold, I am happy to bring this exchange to the Australian Bitcoin Community and hope we can show the Americans we are a force.

Trade well - Andre  

[PatrickHarnett]

Sounds good, I'll give it a go.  Always useful to have different options.

[PatrickHarnett]

Tested with a trade (1btc) - now have to build some volume.

[simonk83]

Good news, well done

[dooglus]

If anyone has any problems with the exchange, or suggestions for how it can be improved, please let us know.

You can post about it here, or there's an issue tracker where we can keep track of individual problems, here:
https://github.com/dooglus/intersango/issues (click 'Pricing and Signup' at the top, then 'Create a free account')

[dooglus]

If anyone has any problems with the exchange, [...]

People were commenting yesterday that the site was a little slow, so we've upgraded things to make it faster.

Is it better now?

[Andre Jensen (World Bitcoin Exchange)]

Tested with a trade (1btc) - now have to build some volume.

Thanks for trading.

[Sultan]

Great to see more exchanges pop up!

I am planning to use this service when I next go to Australia!

[PatrickHarnett]

If anyone has any problems with the exchange, [...]

People were commenting yesterday that the site was a little slow, so we've upgraded things to make it faster.

Is it better now?

Yes, has a better "feel" for the trade flow through the different stages.

[slothbag]

Awesome.  This is now a great way for Aussies to get into Bitcoin with minimal fees.

Transferred some funds via Direct Deposit, funds appeared on the exchange within a few hours, had traded for bitcoin shortly after.  Trade commission of only 5c-10c is very reasonable.

My only recommendation is the Intersango trade page is bloody difficult to use, would be good if you could buy using price rather than total.

[payb.tc]

i just thought of a feature that would be really awesome that so far I've never seen done before..

imagine if you could just click a [TRADE] button next to one of the buy or sell orders to instantly agree to that trade, instead of having to go to the trade page and input all the specifics in detail just to take the other side of someone's offer.

[Andre Jensen (World Bitcoin Exchange)]

i just thought of a feature that would be really awesome that so far I've never seen done before..

imagine if you could just click a [TRADE] button next to one of the buy or sell orders to instantly agree to that trade, instead of having to go to the trade page and input all the specifics in detail just to take the other side of someone's offer.

I think we can make this work?

[Andre Jensen (World Bitcoin Exchange)]

Awesome.  This is now a great way for Aussies to get into Bitcoin with minimal fees.

Transferred some funds via Direct Deposit, funds appeared on the exchange within a few hours, had traded for bitcoin shortly after.  Trade commission of only 5c-10c is very reasonable.

My only recommendation is the Intersango trade page is bloody difficult to use, would be good if you could buy using price rather than total.

I am glad you like our simple low fee structure, Intersango software is working on the 2.0 version which includes these updates, plus much much more.

If you would like to offer suggestions of improvements to the exchange please do so here.

trade well - andre

[dooglus]

i just thought of a feature that would be really awesome that so far I've never seen done before..

imagine if you could just click a [TRADE] button next to one of the buy or sell orders to instantly agree to that trade, instead of having to go to the trade page and input all the specifics in detail just to take the other side of someone's offer.

That would be pretty easy to add to the site.

Did you see how the 'buy' and 'sell' prices in the header of the site are links?  If you click them, it takes you to the trade page with the 'I have' and 'I want' fields filled in with the values you need to grab the best available buy or sell offer on the site.

I can extend this so that you can click any trade in the marketplace and have it take you to the trade page with the boxes filled in to match that trade plus any better trades.  For instance, if there's 1 BTC for sale at $9 and another 9 BTC for sale at $10 each and you click on the "9 BTC at $10 each" offer, it's unlikely you're clicking it because you would prefer to pay $10 per BTC than $9 per BTC.  You're clicking it because there's not enough volume available at $9.

So it will fill in "have $90, want 9 BTC", but what will end up matching is 1 BTC for $9 and 8.1 BTC for $81 - a combined trade of 9.1 BTC for $90.  Before clicking the 'buy' button, you'll be able to adjust the "have" box and it will recalculate the "want" value using the price you clicked ($10 per BTC) rather than the best available (but lower volume) $9 per BTC.

I think that sounds like a reasonable way to do it, but comments are appreciated.

An alternative would be for clicking the "9 BTC at $10 each" to fill in values that would buy up the 9 BTC at $10 each and all cheaper offers too.  So in this case it would say "have $99, want 9.9 BTC, which will end up with you buying 1 BTC for $9, and 9 BTC for $90, a combined trade of 10 BTC for $99.

Sorry for the verbal diarrhea.  I hope that makes some kind of sense...

I'll report back when the site is updated.  I'll probably end up having both options available via a setting on the 'profile' page.