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Author Topic: why you do not trade in BTCchina.com  (Read 1180 times)
cointrader.cn
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February 19, 2014, 02:56:21 PM
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The Chinese trading sites are reputable. They never stop withdrawing when other sites were under attacking.

BTCChina is the first BTC trading site in China, whose code redeem system, similar to BTCe, makes foreigners easily for funds trasfer.

With my help you can trade in a safe site.

Here is my post to introduce it. https://bitcointalk.org/index.php?topic=474287.0
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meanig
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February 19, 2014, 03:20:46 PM
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Where were you when the Chinese exchanges were trading 15% higher than the Western exchanges! You could have made me rich  Tongue
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February 19, 2014, 03:21:51 PM
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I have thought about it before but it seems like it would be too tough trying to do it in another language.  I also think it would be tough to get a withdrawal in USD.  Has anyone done this?

Bitcoin Exchange Guide- List of the Top Bitcoin Exchanges, Find Places to Buy, Sell and Trade Bitcoins.
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February 19, 2014, 07:22:32 PM
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I trade on BTC China.  Deposit in BTC and withdraw in BTC.  They have significantly more security than any other exchange I have seen.

But learn about the maker taker rules first.
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February 19, 2014, 07:38:01 PM
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https://bitcointalk.org/index.php?topic=404875.0

You need to understand the fee structure to understand the trading patterns.
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February 20, 2014, 01:15:24 AM
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I have thought about it before but it seems like it would be too tough trying to do it in another language.  I also think it would be tough to get a withdrawal in USD.  Has anyone done this?

It has English pages. Do you mean English is "another language"?
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February 20, 2014, 02:32:06 AM
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What are the rules for foreigners holding accounts at BTC China? Is it legal and alright or is there any rule or law against foreigners trading there?

I've seriously considered switching to BTC China a few times because trading BTC/CNY means I don't need to hold worthless american toilet paper when not holding BTC. But I have, as said, some questions as to the legality of foreigners holding CNY at an exchange in China.

I think there is no problem for foreigners to register an account and trade in China. The only problem is that it is not easy for foreigners to exchange CNY with USD or GBP.

After all, it is not easy to identify whether you are Chinese or not, since the platform only accept CNY.
cointrader.cn
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February 20, 2014, 03:46:25 AM
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The Chinese trading sites are reputable. They never stop withdrawing when other sites were under attacking.

Here is my post to introduce it. https://bitcointalk.org/index.php?topic=474287.0

What are the rules for foreigners holding accounts at BTC China? Is it legal and alright or is there any rule or law against foreigners trading there?

I've seriously considered switching to BTC China a few times because trading BTC/CNY means I don't need to hold worthless american toilet paper when not holding BTC. But I have, as said, some questions as to the legality of foreigners holding CNY at an exchange in China.



There is not clearly laws to confirm BTC accounts. But there is rules from center bank to confirm BTC as goods(means its not currency).I think it is more or less a kind of guarantee. No special rules aim to foreigners.  And all account in BTCchina.com need real name verify so that able to withdraw to bank account, passport is OK. If you just exchange by Code. I think it is not necessary.
cointrader.cn
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February 20, 2014, 03:53:15 AM
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I trade on BTC China.  Deposit in BTC and withdraw in BTC.  They have significantly more security than any other exchange I have seen.

But learn about the maker taker rules first.


Yes, the rule is fun, stabilize price powerfully.
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