Bitcoin Forum
December 06, 2016, 04:07:25 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3] 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 ... 62 »
  Print  
Author Topic: BitMarket.Eu has closed down  (Read 182446 times)
bitdragon
Hero Member
*****
Offline Offline

Activity: 610


peace


View Profile WWW
April 17, 2011, 09:53:27 AM
 #41

I like this.
Would it be possible to add all SEPA currencies, or is that a complicated process?
I would like to offer some coins in CHF and NOK would be good-

1481040445
Hero Member
*
Offline Offline

Posts: 1481040445

View Profile Personal Message (Offline)

Ignore
1481040445
Reply with quote  #2

1481040445
Report to moderator
1481040445
Hero Member
*
Offline Offline

Posts: 1481040445

View Profile Personal Message (Offline)

Ignore
1481040445
Reply with quote  #2

1481040445
Report to moderator
1481040445
Hero Member
*
Offline Offline

Posts: 1481040445

View Profile Personal Message (Offline)

Ignore
1481040445
Reply with quote  #2

1481040445
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481040445
Hero Member
*
Offline Offline

Posts: 1481040445

View Profile Personal Message (Offline)

Ignore
1481040445
Reply with quote  #2

1481040445
Report to moderator
1481040445
Hero Member
*
Offline Offline

Posts: 1481040445

View Profile Personal Message (Offline)

Ignore
1481040445
Reply with quote  #2

1481040445
Report to moderator
ploum
Sr. Member
****
Offline Offline

Activity: 378



View Profile WWW
April 17, 2011, 11:45:03 AM
 #42

Wanted to try and matched an existing offer. Now, I have to contact the seller to ask him is IBAN account.

Question1: how can I trust the vendor that he will accept the transaction once I send the money?


Question2: why can't bitmarket acts like a 3rd party. You have to credit your money account/btc account (with IBAN, it will works without fee in the whole EU). That way, transactions would happen immediately without any scam possibility.

Blog posts about Bitcoin - 1KdRBbhjo72CqKTrFsQed6s9NMrvwvrUkq
BioMike
Legendary
*
Offline Offline

Activity: 1256


View Profile
April 17, 2011, 11:56:48 AM
 #43

Wanted to try and matched an existing offer. Now, I have to contact the seller to ask him is IBAN account.

Question1: how can I trust the vendor that he will accept the transaction once I send the money?

BM.eu freezes the bought bitcoins. If there are problems you can contact the BM.eu admins, they will ask for proof of the payment and resolve the problem. My experience so far is that many sellers immediately release the coins (could be due to accident) or after you told them you paid (not what I would do). If you can't agree about transaction of the euros both parties can contact the BM.eu admins to undo the transaction (bitcoins go back to seller and you don't have to pay any more).

Question2: why can't bitmarket acts like a 3rd party. You have to credit your money account/btc account (with IBAN, it will works without fee in the whole EU). That way, transactions would happen immediately without any scam possibility.

Read a few post back. BM.eu is sorting everything out with legal council, but it takes time. They just want to be sure they will not be shut down by authorities.
M4v3R
Hero Member
*****
Offline Offline

Activity: 607



View Profile
April 17, 2011, 03:12:15 PM
 #44

Question1: how can I trust the vendor that he will accept the transaction once I send the money?

As BioMike said, if you can prove that you've sent the money, we can act on this. Another thing is that we're planning some other features that will make this easier and safer, but these things take time, as we not only need to code them, but also make sure that it complies with law in Poland.

Quote
Would it be possible to add all SEPA currencies, or is that a complicated process?
I would like to offer some coins in CHF and NOK would be good-

It isn't complicated, but we would need to see that there is actual demand for trades in these currencies. Then we could consider adding them.
fergalish
Sr. Member
****
Offline Offline

Activity: 440


View Profile
April 18, 2011, 06:20:02 PM
 #45

Hi.  So I just completed my first two trades on bitmarket.  Nice site, thanks.  I sold 5 and 10 bitcoins.  The first buyer paid the paypal fee as "a gesture of goodwill".  So to reciprocate, I refunded him half the fee converted to bitcoins at the traded price.  The second buyer charged the fee to me.

So now, for the future, what shall I do?  Shall I factor in paypal's (or the bank's) fee in my price?  Seems a bit silly.  Normally, whenever you buy something through bank transfer, or paypal, the seller should receive the price specified in the contract.  i.e. business standard is, buyer pays fees.  Perhaps bitmarket.eu's website should clearly indicate that this should be the default behaviour, unless the two parties agree otherwise.

Are there any other exchanges which have dealt with this?  Most of them, I expect, allow you to credit your account on the exchange with currency aswell as BTC, so the trade is all internal to the exchange, and I think bitmarket's intention is to do that too.  But in the meantime, it would be good to clear up the ambiguity.
fergalish
Sr. Member
****
Offline Offline

Activity: 440


View Profile
April 19, 2011, 12:48:08 PM
 #46

Is it just me, or do the country flags in the list of ask offers not work correctly?  When I hover the mouse over a flag in the bid offers, a little tooltip tells me which country it is.  In the ask offers, the tooltip comes up, but it's tiny and contains no text.
Mahkul
Sr. Member
****
Offline Offline

Activity: 420


Be silent, or be silenced.


View Profile WWW
April 19, 2011, 01:19:16 PM
 #47

Is it just me, or do the country flags in the list of ask offers not work correctly?  When I hover the mouse over a flag in the bid offers, a little tooltip tells me which country it is.  In the ask offers, the tooltip comes up, but it's tiny and contains no text.


You're right. We will fix that asap. Thanks!

Bitalo.com coming soon!

1MAHKULzqZb4evFFg9157LvnJhJQQbeYo7
ploum
Sr. Member
****
Offline Offline

Activity: 378



View Profile WWW
April 19, 2011, 02:24:48 PM
 #48

I just realized that you can easily use bitmarket.eu as a bitcoin bank. Use the withdrawal form to pay other people and send them money :-)

Anyway, very very good looking website, easy to use.

Some low hanging fruit that could make bitmarket.eu a big hit:

1) Unconditional buy/sell: bitmarket acts as a real money exchanger and give a fixed rate for those who want immediate money/bitcoin. (this is of course a bit risky but risk can be mitigated with some simple rules).

2) Bank features: allow users to generate different receiving address with a comment for each of them. And allow them to send money (it's already possible but called withdraw).


Blog posts about Bitcoin - 1KdRBbhjo72CqKTrFsQed6s9NMrvwvrUkq
Mahkul
Sr. Member
****
Offline Offline

Activity: 420


Be silent, or be silenced.


View Profile WWW
April 19, 2011, 05:36:15 PM
 #49


1) Unconditional buy/sell: bitmarket acts as a real money exchanger and give a fixed rate for those who want immediate money/bitcoin. (this is of course a bit risky but risk can be mitigated with some simple rules).

Could you please elaborate on this?

Quote
2) Bank features: allow users to generate different receiving address with a comment for each of them. And allow them to send money (it's already possible but called withdraw).

Isn't that exactly what mybitcoin.com is providing?

Bitalo.com coming soon!

1MAHKULzqZb4evFFg9157LvnJhJQQbeYo7
ploum
Sr. Member
****
Offline Offline

Activity: 378



View Profile WWW
April 20, 2011, 06:41:49 AM
 #50

For 1), maybe we can discuss about it in private.

For 2), yes, it's exactly what mybitcoin provides. But it would allow people to not have account everywhere. It looks like it coul be very easy for you to implement.

Blog posts about Bitcoin - 1KdRBbhjo72CqKTrFsQed6s9NMrvwvrUkq
M4v3R
Hero Member
*****
Offline Offline

Activity: 607



View Profile
April 20, 2011, 09:37:19 AM
 #51

Hi.  So I just completed my first two trades on bitmarket.  Nice site, thanks.  I sold 5 and 10 bitcoins.  The first buyer paid the paypal fee as "a gesture of goodwill".  So to reciprocate, I refunded him half the fee converted to bitcoins at the traded price.  The second buyer charged the fee to me.

So now, for the future, what shall I do?  Shall I factor in paypal's (or the bank's) fee in my price?  Seems a bit silly.  Normally, whenever you buy something through bank transfer, or paypal, the seller should receive the price specified in the contract.  i.e. business standard is, buyer pays fees.  Perhaps bitmarket.eu's website should clearly indicate that this should be the default behaviour, unless the two parties agree otherwise.

Are there any other exchanges which have dealt with this?  Most of them, I expect, allow you to credit your account on the exchange with currency aswell as BTC, so the trade is all internal to the exchange, and I think bitmarket's intention is to do that too.  But in the meantime, it would be good to clear up the ambiguity.

You're right. This should be standarized and clearly stated on the website. The question is - what should be the default behaviour - should buyer cover any fees, or should the seller do it?
M4v3R
Hero Member
*****
Offline Offline

Activity: 607



View Profile
April 20, 2011, 09:39:56 AM
 #52

Is it just me, or do the country flags in the list of ask offers not work correctly?  When I hover the mouse over a flag in the bid offers, a little tooltip tells me which country it is.  In the ask offers, the tooltip comes up, but it's tiny and contains no text.


Thanks, it's fixed now.
fergalish
Sr. Member
****
Offline Offline

Activity: 440


View Profile
April 20, 2011, 10:51:03 AM
 #53

You're right. This should be standarized and clearly stated on the website. The question is - what should be the default behaviour - should buyer cover any fees, or should the seller do it?
Well, it's a trade, so both parties are simultaneously sellers and buyers.  But, to clarify, let's call the seller of bitcoins the "seller", and the seller of fiat currency the "buyer".  Suppose the two parties live far away and the fees are significant.
1. Seller offers bitcoins; buyer agrees to transact.
2. Buyer offers fiat; seller agrees to transact.
In either case, the person offering the transaction will be unpleasantly surprised by the fees, and it seems unfair for him to pay.  The second party agreed to the transaction, and should know that fees would be high.

However, suppose:
 - Seller offers bitcoins at 0.8
 - buyer offers fiat at 0.8 without knowing of the seller's offer.
 - bitmarket.eu matches the two offers
Now who pays the fees?
bitdragon
Hero Member
*****
Offline Offline

Activity: 610


peace


View Profile WWW
April 20, 2011, 02:51:34 PM
 #54

Wasn’t the idea to match based on payment method accepted?
When I buy products, hosting etc through Paypal, I pay the fee displayed.
The recipient will then get slightly less due to fees-

So if I sell bitcoins on BM and accept paypal as payment, I expect to make that specific offer for paypal method exclusively, and prepare to pay fees by charging a slight premium vs my other offer in exchange of a SEPA transfer.

M4v3R
Hero Member
*****
Offline Offline

Activity: 607



View Profile
April 20, 2011, 02:58:14 PM
 #55

Wasn’t the idea to match based on payment method accepted?
When I buy products, hosting etc through Paypal, I pay the fee displayed.
The recipient will then get slightly less due to fees-

So if I sell bitcoins on BM and accept paypal as payment, I expect to make that specific offer for paypal method exclusively, and prepare to pay fees by charging a slight premium vs my other offer in exchange of a SEPA transfer.


You are right, and that's how it is working now. The question who will pay the fees (either Paypal or bank ones) is still up though.
Mahkul
Sr. Member
****
Offline Offline

Activity: 420


Be silent, or be silenced.


View Profile WWW
April 20, 2011, 03:10:43 PM
 #56

To me it's obvious that it is the buyer that pays the fees, like nearly everywhere else.

EDIT: It may not be obvious to every one, though. The only reason we are not updating the FAQ is that some major changes are going to be made soon. I will put up this info there, though.

Bitalo.com coming soon!

1MAHKULzqZb4evFFg9157LvnJhJQQbeYo7
HostFat
Staff
Legendary
*
Offline Offline

Activity: 2282


I support freedom of choice


View Profile WWW
April 20, 2011, 03:25:14 PM
 #57

I think that you should incentive Bitcoin Smiley

Eternity Wall: Messages lasting forever - The Rock Trading (ref): A good exchange / gateway Ripple, with support for multisig, since 2007. 
https://bitcointa.lk: Bitcointalk backup if offline - Bitcoin Foundation Italia - Blog: http://theupwind.blogspot.it
bitdragon
Hero Member
*****
Offline Offline

Activity: 610


peace


View Profile WWW
April 20, 2011, 03:34:44 PM
 #58

Is there a clear fee schedule for SEPA transfers?

Mahkul
Sr. Member
****
Offline Offline

Activity: 420


Be silent, or be silenced.


View Profile WWW
April 20, 2011, 04:21:06 PM
 #59

I think that you should incentive Bitcoin Smiley

What do you mean?

Bitalo.com coming soon!

1MAHKULzqZb4evFFg9157LvnJhJQQbeYo7
BioMike
Legendary
*
Offline Offline

Activity: 1256


View Profile
April 20, 2011, 05:27:23 PM
 #60

Is there a clear fee schedule for SEPA transfers?

My bank handles the following criteria for the free euro transactions (these are the EC criteria):
- Transactions in EUR
- Max. 50 000 EUR transaction
- Within EURO zone +Norway, Iceland and Lichtenstein
Pages: « 1 2 [3] 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 ... 62 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!