Intersango exchange (formerly Britcoin)

[garyrowe]

I'd certainly agree that the facility for the buyer/seller to set their own rates is very useful. This will introduce a lot of extra flexibility into the process.

[thirdlight]

You can set your own rate by filling in both sides of the "converter".

eg Currency I have: £10, currenty I want: 2BTC, hit "Buy" and you've just placed an order for 2BTC at £5 each. You'll see it on the orderbook, with the other £250 (currently) waiting at that price.

It would be nice, though, to be able to enter the rate - say I have £12.34 and I want to buy at £5.25 per bitcoin, I'd like not to have to work out that I want 2.35BTC.

[The Koolio]

hi, great to see some british input on bitcoins. I have a query about your site, im by no means technically minded so i cant understand why your prices given are around the 8-9£ mark whereas MtGox, one of the main players is trading at around 5-6£ why is there this big difference, wouldnt people just come to your site for the extra 30-40%?

[garyrowe]

As promised here is the final episode in my newbie Bitcoin visit to Britcoin. I've just finished transferring my shiny new BTCs into my wallet and it all went as smooth as silk. Once again, a triumph.

No problems whatsoever. Get them while they're hot, then spend 'em to kickstart the new economy!

:-D

[Insti]

hi, great to see some british input on bitcoins. I have a query about your site, im by no means technically minded so i cant understand why your prices given are around the 8-9£ mark whereas MtGox, one of the main players is trading at around 5-6£ why is there this big difference, wouldnt people just come to your site for the extra 30-40%?

How much does it cost to move GBP to USD?

Edit: This is an answer to thekoolio's question rather than a request for information.

[The Koolio]

can i just say guys, britcoin is bloody amazing, earlier today i had my money in mtgox, worth around $13 each, moved them to britcoin at the peak of todays prices, and received £63 for 4.2BTC, thats about $104, or $24 each! wicked site, my fav exchange now!

Genjix, any posibility of adding graphs of price movement, including a depth of market graph?! Also when are withdrawals and deposits going to be made automatic for verification?

[gigitrix]

can i just say guys, britcoin is bloody amazing, earlier today i had my money in mtgox, worth around $13 each, moved them to britcoin at the peak of todays prices, and received £63 for 4.2BTC, thats about $104, or $24 each! wicked site, my fav exchange now!

Genjix, any posibility of adding graphs of price movement, including a depth of market graph?! Also when are withdrawals and deposits going to be made automatic for verification?

I know it might not be what you wanted, but Bitcoin charts does a great one using the feed: http://bitcoincharts.com/charts/britcoinGBP

[The Koolio]

can i just say guys, britcoin is bloody amazing, earlier today i had my money in mtgox, worth around $13 each, moved them to britcoin at the peak of todays prices, and received £63 for 4.2BTC, thats about $104, or $24 each! wicked site, my fav exchange now!

Genjix, any posibility of adding graphs of price movement, including a depth of market graph?! Also when are withdrawals and deposits going to be made automatic for verification?

I know it might not be what you wanted, but Bitcoin charts does a great one using the feed: http://bitcoincharts.com/charts/britcoinGBP

Thanks for that, havnt seen that site before, just what I needed!

[warsmith]

Is there still a way to withdraw GBP to a non UK bank account in EU? I've seen the international withdrawal section where you put in IBAN/SWIFT etc., but now it's gone.

[Kehaar]

To deposit BTC I just send to the address on the page, but how does he know what account to put it in?

Is there a unique account for every member or.....?

[thirdlight]

Unique for every member for every deposit.

[granrojo]

Just some feedback on the site:

I wanted to sell 78 Bitcoins and obviously wanted to get the best price possible, however, I wanted the order filled straight away.

I placed my order at a price below the highest bid to ensure that the whole order was fulfilled. I checked the order book first to see the volume. When my trade was executed it did the whole order at the lower price.

Tbh I half expected this, but I wanted to see how it worked. I was also being lazy not wanting to place a separate order for each higher bid, as there were several for small amounts.

The end result is that there were people willing to pay more for my bitcoins but their bids were overlooked and somebody that bid less than others had their trade executed.

Not a big deal for me this time as like I said I was just experimenting with the site and considered that it might happen before I placed the order. But surely the highest bids should always be executed first?

[genjix]

Hey granrojo, I agree with you and that will be the new behaviour in the new version of Britcoin we are writing.

[janice]

Hi genjix!

Please could you confirm your FSA registration before I make a deposit?

I work in a bank, so can't risk trading unless everything is above board.

Please see: http://www.fsa.gov.uk/pages/Doing/Do/index.shtml

What are the regulated activities?

Specified activities are defined in Part II of the RAO and comprise:

    accepting deposits;
    issuing e-money;

thanks!

[janice]

With luck, you'll qualify as a small EMI, as described here: http://www.fsa.gov.uk/Pages/About/What/International/emoney/faqs/index.shtml

[The Koolio]

With luck, you'll qualify as a small EMI, as described here: http://www.fsa.gov.uk/Pages/About/What/International/emoney/faqs/index.shtml

would he have to register with fsa if for instance he became an offshore company? I doubt they would allow anything bitcoin related to become registered?

[The Koolio]

Hi genjix!

Please could you confirm your FSA registration before I make a deposit?

I work in a bank, so can't risk trading unless everything is above board.

Please see: http://www.fsa.gov.uk/pages/Doing/Do/index.shtml

What are the regulated activities?

Specified activities are defined in Part II of the RAO and comprise:

    accepting deposits;
    issuing e-money;

thanks!

You wouldnt be risking anything?! Its not your responsibility to check whether or not he's registered... you're just a customer of his declared services. Besides, if registration does happen surely thatll be weeks if not months down the line and by then you would have missed out on some juicy profits?!

[ribuck]

It's not like FSA registration kept the banks honest.

[royalecraig]

I'm in UK, want to get a little BTC, only about a fivers worth to start with, can I send a Postal Order.

[The Koolio]

I'm in UK, want to get a little BTC, only about a fivers worth to start with, can I send a Postal Order.

your best bet would be to give your fiver to a friend and get him or her to buy it. a postal order woild take a while and tbh in that time frame you'd loose out on potential profits. Why not buy a whole coin?