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Author Topic: Intersango Exchange  (Read 76224 times)
Serenata
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June 13, 2012, 06:05:39 AM
 #121

miernik,

I respect your opinion, just two questions:
1) Did you check the graph I'm talking about?
2) What was your first impression of it?

Lastly, if no one should view the sum of BTC bid orders as a measure of BTC demand, then what's the point of having the graph?

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June 13, 2012, 06:12:33 AM
 #122

Dear Intersango,

I paid a closer look at the EUR order book today and noticed that over 75% of the total BIDs are “fictional”. People are placing large buy orders with ridiculously low bid prices creating that way a false demand of bitcoins and are a bad influence on the market itself. I don’t see anyone selling BTC for 0.0011 and 0.00010 EUR per BTC any time soon.

I propose BIDs and ASKs that are over or lower than 30% of the average market price, to be excluded from the graph at the top, so we have a clear picture of the supply and demand of bitcoins. The bids will stay on the order book of course, they’ll just not show-up on the graph.

Your thoughts?

The graph only shows bid/asks which are within 15% of the best bid/ask.
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June 13, 2012, 11:54:42 AM
 #123

The graph only shows bid/asks which are within 15% of the best bid/ask.

yep, it's perfectly fine, clear & useful - I wish that GLBSE would do this too

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June 13, 2012, 11:55:49 AM
 #124

Dear Intersango,

I paid a closer look at the EUR order book today and noticed that over 75% of the total BIDs are “fictional”. People are placing large buy orders with ridiculously low bid prices creating that way a false demand of bitcoins and are a bad influence on the market itself. I don’t see anyone selling BTC for 0.0011 and 0.00010 EUR per BTC any time soon.

I propose BIDs and ASKs that are over or lower than 30% of the average market price, to be excluded from the graph at the top, so we have a clear picture of the supply and demand of bitcoins. The bids will stay on the order book of course, they’ll just not show-up on the graph.

Your thoughts?

The graph only shows bid/asks which are within 15% of the best bid/ask.

phantomcircuit,
Thank you for the clarification.

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June 13, 2012, 04:30:58 PM
 #125

Since MtGox still has yet to process my withdrawal to Dwolla after a week, I decided to give Intersango a try. I sent them 2 BTC and sold them after a bit of fiddling with their interface. Their recommended sell price is way above the existing bids, so I had to look at the bids and match my sale price with that. I preferred MtGox's method of just typing in the amount to sell and clicking 'Go'. Transfer to my Dwolla account took all of 5 minutes and required no verification.

I will be using Intersango from now on for all my exchange needs. Thanks for bringing a worthy exchange to the table.

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June 13, 2012, 09:41:12 PM
 #126

I preferred MtGox's method of just typing in the amount to sell and clicking 'Go'.
Then who or what determines how much EUR or USD you're getting for your bitcoins?

In theory, there's no difference between theory and practice. In practice, there is.
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June 14, 2012, 06:42:01 AM
 #127

I preferred MtGox's method of just typing in the amount to sell and clicking 'Go'.
Then who or what determines how much EUR or USD you're getting for your bitcoins?
The lowest ask price I assume.

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June 14, 2012, 12:48:52 PM
 #128

I preferred MtGox's method of just typing in the amount to sell and clicking 'Go'.
Then who or what determines how much EUR or USD you're getting for your bitcoins?
The lowest ask price I assume.
Sounds like a shitty way of dealing to me Smiley

However I do have a suggestion for intersango:

I will typically transfer money there and just convert it all to bitcoins. I'm sure this is the same for most people. Right now I have to enter a bitcoin bid price (max price I'm willing to pay) and an amount (number of BTC I want to buy). Everytime I find myself calculating by hand (well, calc.exe) what amount of BTC corresponds with my EUR balance at the bid price I'm submitting.

Why not, besides entering a specific amount, adding a button 'as much as possible' Smiley (i.e. I want to get ALL the bitcoins that my euros can buy)

Thanks for your consideration.

In theory, there's no difference between theory and practice. In practice, there is.
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June 14, 2012, 02:13:51 PM
 #129

Anyone experiencing delays with "Metro Bank (UK)" GBP withdrawals?



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Scott J
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June 14, 2012, 04:44:08 PM
 #130

Anyone experiencing delays with "Metro Bank (UK)" GBP withdrawals?
Yes, I requested a withdrawal over 24 hours ago.

Any update on this, Intersango?

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June 15, 2012, 02:14:26 AM
 #131

There is a backlog that I'm working through.
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June 15, 2012, 03:42:48 AM
 #132

Backlog worked through.
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June 15, 2012, 06:27:34 AM
 #133

Withdrawal received  Smiley

miernik
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June 16, 2012, 05:41:35 PM
 #134


Intersango fees are too high... I'm afraid I must leave you for greener pastures (after being with you since the britcoin switch).  I will look into btc-e.com and bitfloor.com (0.1% and -0.1%/0.3% vs 0.35%/0.65%).


And how will you deposit cash to BTC-E? Deposits are 1% cheapest (not counting how to get money into whatever obscure payments systems they support), and at least 5% to withdraw.

http://www.bitfloor.com/ is great if someone is in the USA near a Chase branch for free deposits and has a US bank account for free withdrawals.

Although Intersango could start thinking about volume discounts...

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June 20, 2012, 06:13:16 AM
 #135

I just bought some bitcoins using Intersango.

I used Internet banking to transfer GBP to their bank account at 19:27 Monday evening British time, and got an email 20:35 the same evening to tell me the money was in my Intersango account.

It always surprises me how quickly the bank transfer works.

It took about 30 hours for my order to get filled, and the withdrawal took 5 seconds.

All in all a great service.  If I hadn't bothered waiting to get a better price, the whole process would have taken less than an hour and a half from bank account to bitcoin wallet.

I paid 0.35% fees, which seems reasonable to me.  I didn't try the other services a previous poster mentioned, but would be surprised if they can match the end-to-end speed of Intersango.

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June 20, 2012, 08:21:22 PM
 #136

Intersango fees are too high... I'm afraid I must leave you for greener pastures (after being with you since the britcoin switch).  I will look into btc-e.com and bitfloor.com (0.1% and -0.1%/0.3% vs 0.35%/0.65%).

It looks to me like neither of these have a GBP market.

According to http://bitcoincharts.com/markets/ only Gox and Intersango have GBP markets.  Is that right?

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June 22, 2012, 09:45:03 AM
 #137

Hi Intersango.

I made 2 withdrawals to BZ (#26194 and #25923) and no money, no answer for my questions.
What is wrong?

Do you have a problem with the liquidity?

In last few days I sent 5 emails to you, even try to contact by your "support center".

I'm scared, these are my savings, I do not want to open a new thread on this forum.

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June 22, 2012, 09:52:30 AM
 #138

I'm scared, these are my savings, I do not want to open a new thread on this forum.
Rule #1: Don't invest money that you cannot afford to lose.
Good luck.

miernik
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June 22, 2012, 09:57:53 AM
 #139

I made 2 withdrawals to BZ (#26194 and #25923) and no money, no answer for my questions.
What is wrong?

Do you have a problem with the liquidity?

In last few days I sent 5 emails to you, even try to contact by your "support center".

I'm scared, these are my savings, I do not want to open a new thread on this forum.

From my experience BZWBK withdrawals from Intersango currently happen about twice a week, mine #26264 is still waiting since Wednesday, 2012-06-20 15:36:15 and its a 6.30 EUR withdrawal made just to test how soon the withdrawals happen, to see if I want to sell coins there, so like every week I make a small test withdrawal, and when they will start happening in 24h as promised, I'll start trading decent sums there. So Intersango is losing a lot of 1.3% fees they would earn if more trading would happen if withdrawals would be timely.

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June 22, 2012, 10:06:18 AM
 #140

I made 2 withdrawals to BZ (#26194 and #25923) and no money, no answer for my questions.
What is wrong?

Do you have a problem with the liquidity?

In last few days I sent 5 emails to you, even try to contact by your "support center".

I'm scared, these are my savings, I do not want to open a new thread on this forum.

From my experience BZWBK withdrawals from Intersango currently happen about twice a week, mine #26264 is still waiting since Wednesday, 2012-06-20 15:36:15 and its a 6.30 EUR withdrawal made just to test how soon the withdrawals happen, to see if I want to sell coins there, so like every week I make a small test withdrawal, and when they will start happening in 24h as promised, I'll start trading decent sums there. So Intersango is losing a lot of 1.3% fees they would earn if more trading would happen if withdrawals would be timely.

Ok, I agree, but where is Intersango's answer my questions?
Is that fair treatment of customers?

Panda Mouse.

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