Place LIMIT orders on Coinbase - online app

[rbonestell]

Why no SSL?

[geri]

Why no SSL?

SSL would be awesome. If you don't mind donating a little to buy the SSL with, i'll get it up there

[DrBitcoin]

I really want to use this. How does it execute orders without compromising security on coinbase?

[geri]

I really want to use this. How does it execute orders without compromising security on coinbase?

It lets you connect it to Coinbase (the way you would connect online app to Facebook).

When connecting, it asks you for permissions - buy Bitcoin, sell Bitcoin, view transaction history. It stores tokens encrypted in database, and this is all anyone could do with these tokens.

If the app does get compromised by a 3rd party, the only thing the attacker would get are tokens to buy and sell Bitcoins on someone else's account, but no way to get the Bitcoins out of the account.

Other than that, there's basic security measures like XSS or SQL injection protection mechanisms

[DrBitcoin]

I understand. So someone would have to hack the account, and then for some reason want to by or Sell Bitcoins on my account at a price that I may have not wanted to sell at.  They don't have acess to my account and can't send or recieve bitcoins. Gotcha. I'm in!

[Mike@Coinswag]

Trailing limit orders would be a great addition.

Also, I am stillwaiting for the market to hit my limit order. So I have no word on if it works correctly, yet. But I am optimistic!

[geri]

Trailing limit orders would be a great addition.

Also, I am stillwaiting for the market to hit my limit order. So I have no word on if it works correctly, yet. But I am optimistic!

My $787 order just got hit this night, so I happily added 1 BTC while asleep :-)

[DrBitcoin]

I added a $600 limit order. Maybe that is just wishful thinking?

[Mike@Coinswag]

It hit my 2 of my limit orders and worked perfectly!

If you have Instant Buy, you can have it hit many purchases adding up to 1 BTC worth without having to wait the regular 5 days.

[geri]

It hit my 2 of my limit orders and worked perfectly!

If you have Instant Buy, you can have it hit many purchases adding up to 1 BTC worth without having to wait the regular 5 days.

awesome!

I wish everyone great luck collecting cheap coins :-)

[geri]

A bunch of people got below $700 coins this evening. Anyone else joining the club?

I love getting emails like this one:

tom@coinbaseorders.com - You just bought Bitcoin using limit order on Coinbase!

Hi there!

The system just executed your order to buy Bitcoin. You can check the details at http://coinbaseorders.com/.

Coinbase Orders is a free service. Please consider a small donation, others have donated too. The donation address is 1NNcg12tPe2EHhg3Ese7hq6mEQ9W5W1ign, alternatively click here to get donation QR code.

I appriciate your help!

Tom

[Mike@Coinswag]

Just read your email. I got $600 coins, so I cannot speak for the others unlucky to get sub-$600 coins while sleeping, but everything executed perfectly for me.

Thanks again for your work on this service.

Also, note, that if you have "Instant" verification, you might be lucky enough to get a few coins "Instantly" if the price happens to drop to $500 or lower, then can resell them on the dead cat bounce if this were to happen again ;P

[geri]

Hey guys, some people just got their coins at around $400. I personally got a pleasant $425.

Some statistics:
142 registered users
745 orders placed
285 orders executed

It's getting more robust over time, I'm continually fixing minor issues to make sure your orders keep getting executed.

You can follow the development here: https://github.com/tomholub/coinbaseorders

It's free and will remain free, donation based. You can help here: http://coinbaseorders.com/homepage/donate

[DrBitcoin]

Hey guys, some people just got their coins at around $400. I personally got a pleasant $425.

Some statistics:
142 registered users
745 orders placed
285 orders executed

It's getting more robust over time, I'm continually fixing minor issues to make sure your orders keep getting executed.

You can follow the development here: https://github.com/tomholub/coinbaseorders

It's free and will remain free, donation based. You can help here: http://coinbaseorders.com/homepage/donate

I recently got $539 coins, I thought that was pretty good. I didn't know Coinbase went down to $400? I have a 10 coin order at $120...a man can only hope!!

Thanks again, this is a great utility!

[geri]

DrBitcoin - yup, could have even gotten some cheaper ones! :-)

----

Recently got some help with development from Matt Faus as seen on GitHub commit that is now live on the site: https://github.com/tomholub/coinbaseorders/commit/40c34756c9d52cf2a47440b7beaabbe2f274b7b0

Any other developers around? I'll help you set up your dev environment and will help overcome any hurdles to make it easy for you to contribute.

[Armis]

Right now we have about 22 users.

Just curious, how many of those users have connected their Coinbase account? Great site, although I personally don't use Coinbase to trade because of their high 1% fee.

is there an alternative that is as safe?

[Armis]

After registering on Coinbase I was surprised there is no way to place my order at $600 and wait for the price to drop to meet the order.

/// 4th January:
Released: http://coinbaseorders.com/
Github: https://github.com/tomholub/coinbaseorders

The system checks the price on Coinbase every second and will buy or sell if the price is right based on your orders.

how does this work in terms of intergration with my coinbase account? take to time to explain in detail ie:

1) click on: coinbaseorders.com
2) ...

[geri]

After registering on Coinbase I was surprised there is no way to place my order at $600 and wait for the price to drop to meet the order.

/// 4th January:
Released: http://coinbaseorders.com/
Github: https://github.com/tomholub/coinbaseorders

The system checks the price on Coinbase every second and will buy or sell if the price is right based on your orders.

how does this work in terms of intergration with my coinbase account? take to time to explain in detail ie:

1) click on: coinbaseorders.com
2) ...

Sure,

1, open coinbaseorders.com
2, sign up with email/password (different than on Coinbase!)
3, confirm email address by clicking on a link that you receive
4, back on the app, click "connect to coinbase" button and it will take you to Coinbase website. It will ask you for permissions to Buy, Sell, view balance, and view transaction history on your coinbase account. All this is happening on Coinbase website.
5, confirm. it takes you back to coinbase orders. My app receives tokens and will use these tokens to communicate with Coinbase API to put orders on your account.
6, go to "orders" page. Put in a order that you want to buy at, say 2BTC at $550.
7, have a sound sleep
8, when the price drops down, to $550 or less, the app will connect to your Coinbase account with the tokens it has, and buy or sell appropriate amount
(9, when you don't want to use the app anymore, click on "Disconnect from Coinbase" button that will remove your tokens from my database)

- tokens are stored encrypted in database
- have to be used with my own private keys stored out of the database
- have limited privileges

The only "risk" I can think of is that the app would not buy your coins when it should, due to error, which happened to 3 few users already (of 160) and I'm solving it with Coinbase devs right now.

[DrBitcoin]

After registering on Coinbase I was surprised there is no way to place my order at $600 and wait for the price to drop to meet the order.

/// 4th January:
Released: http://coinbaseorders.com/
Github: https://github.com/tomholub/coinbaseorders

The system checks the price on Coinbase every second and will buy or sell if the price is right based on your orders.

how does this work in terms of intergration with my coinbase account? take to time to explain in detail ie:

1) click on: coinbaseorders.com
2) ...

Sure,

1, open coinbaseorders.com
2, sign up with email/password (different than on Coinbase!)
3, confirm email address by clicking on a link that you receive
4, back on the app, click "connect to coinbase" button and it will take you to Coinbase website. It will ask you for permissions to Buy, Sell, view balance, and view transaction history on your coinbase account. All this is happening on Coinbase website.
5, confirm. it takes you back to coinbase orders. My app receives tokens and will use these tokens to communicate with Coinbase API to put orders on your account.
6, go to "orders" page. Put in a order that you want to buy at, say 2BTC at $550.
7, have a sound sleep
8, when the price drops down, to $550 or less, the app will connect to your Coinbase account with the tokens it has, and buy or sell appropriate amount
(9, when you don't want to use the app anymore, click on "Disconnect from Coinbase" button that will remove your tokens from my database)

- tokens are stored encrypted in database
- have to be used with my own private keys stored out of the database
- have limited privileges

The only "risk" I can think of is that the app would not buy your coins when it should, due to error, which happened to 3 few users already (of 160) and I'm solving it with Coinbase devs right now.

What happens in this scenario? (Here is an example)

-Price of Bitcoin is $700
-I have a 1BTC Buy order at $600
-I have a 2BTC Buy order at $500
-I have a 3BTC Buy order at $400
-Price of Bitcoin drops to $300

Does it execute all buy orders? Or just the first one? Is there a refractory period? Thanks. Just curious.

[geri]

What happens in this scenario? (Here is an example)

-Price of Bitcoin is $700
-I have a 1BTC Buy order at $600
-I have a 2BTC Buy order at $500
-I have a 3BTC Buy order at $400
-Price of Bitcoin drops to $300

Does it execute all buy orders? Or just the first one? Is there a refractory period? Thanks. Just curious.

If price suddenly drops to $300, all the orders will get executed, so you'll get 6 btc in total, at various prices.