Intersango Exchange

[Otoh]

muyuu: You can trade GBP with direct GBP bank funding in MtGox. Currently Intersango's GBP trade volume usually matches and exceeds MtGox's however the actual bitcoin prices are a lot better on MtGox, especially with discounts applied. How do you deal in dollars? I've been looking into it but haven't found a cost effective way of converting and transferring my currency.

That's the problem, it's not cost effective. I have an account in dollars and another one (abroad) in Euros, however my salary comes to my British account in GBP and that's what I prefer to use. Transfers and currency conversion usually cost a lot more than fees from either MtGox or Intersango and also trounce the spread difference. Beating costs associated to deposits and withdrawals is basically a matter of volume, for trading small amounts making a free UK deposit to my Intersango account can't be beaten. MtGox and its £5/£15 fees would make sense for £10k+ and I'm not trading that much. However, if you don't plan to move funds much you can still justify trading in several currencies and with some arbitrage you'd come at an advantage after a bunch of trades. Again, I'm not speculating that much.

I'm looking into forex trying to find a way to get funds converted and moved into exchanges more effectively, in a few months I will be trading about £5k which is not much, but it's enough to look more into this.

If I'm moving funds from GBP to US$ then I use XE Trade very easy & reliable, no fees if sending to a US bank account & rates are much more competitive than UK high street banks at 1.4% less than the xe.com quoted mid market rates, no fee for transfer to a US bank account using ACH/EFT & Wire - you can fairly simply set up a bank account as a non resident in the US though I've only done this in person there & with a US address too. Otherwise via XE straight to Mt. Gox via Wire then there's a £12.55 fee, cleared there usually by the next day

GBP to Euro bank accounts also work well with them & likewise no fees

[joeyjoe]

Not sure who deleted my posts, but intersango have came close to losing all their customers bitcoins, aswell as recently sent out an email, along with the 5000~ customer email addresses to each person.

Very dodgy.

[rjk]

Not sure who deleted my posts, but intersango have came close to losing all their customers bitcoins, aswell as recently sent out an email, along with the 5000~ customer email addresses to each person.

Very dodgy.

Proof of your allegations?

[Otoh]

I received this 3 days ago, purportedly from Intersango, but important to note my email address is one of the original Goxed ones so who knows if it's genuine or not, to add I received another today that was apparently some invite to a mining group - I'll post that too in a mo...

Patrick Strateman patrick@intersango.com via sendgrid.info

Dear Intersango Customers,

I personally would like to appologize to all our users for the recent privacy lapse.

We take security and privacy very seriously and we are all very sorry for the recent failure.

Due to an oversight in which "emails" was written instead of "email" in our bulk mailer, all users emails where included in our recent announcement.

Patrick Strateman, CTO

Original Announcement:

Dear Intersango Customers,

A week from now, on Sunday 26th February 00:00:00 UTC (midnight 25th), we will modify the fee schedule to reward Market Makers. This change is designed to improve liquidity.

The average fee users pay will not change.

Orders are either fulfilled right away by 'taking' a current order or they sit on the orderbook before fulfilling another order. Takers will pay an extra fee that is given to Makers as a Market Maker Bonus.

Current site-wide fees are a flat 0.65%. The Taker fee will be an extra 0.30% which is given directly to Makers.

Example:

John places an order to sell 10 BTC @ 1.0 USD. His order is not immediately matched.
Beth places an order to buy  10 BTC @ 1.0 USD. Her order is immediately matched against John's order.

John pays a fee of 10 BTC * (0.65% - 0.30%) = 10 USD * 0.35% = 0.035 USD
Beth pays a fee of 10 BTC * (0.65% + 0.30%) = 10 BTC * 0.95% = 0.095 BTC

Beth's Taker-fee is given to John as a Market Maker Bonus.

New bonuses and a VIP system to be announced shortly. By developing the service to reward market makers, users will benefit from having quick access to a more liquid marketplace.

Patrick Strateman, CTO

Intersango

Compliant with our site terms of notifying users 1 week in advance for fee changes, we are announcing a new fee schedule.

[Otoh]

I haven't though received the alleged email with all 5,000 Intersango client emails as recipients shown so doubt this advise is genuine???

[muyuu]

I haven't though received the alleged email with all 5,000 Intersango client emails as recipients shown so doubt this advise is genuine???

They stopped before it went through to everybody, but it did go to a number of people. I didn't receive it either.

Expect scam attempts at that address...

Cheers

[Otoh]

Ah, sorry _ looked again at the mining pool invite & that was something that I had subscribed to, pardon

[Otoh]

I haven't though received the alleged email with all 5,000 Intersango client emails as recipients shown so doubt this advise is genuine???

They stopped before it went through to everybody, but it did go to a number of people. I didn't receive it either.

Expect scam attempts at that address...

Cheers

thanks for the advice muyuu

double scam attempts now expected as I have both Gox & Intersango now historically broadcasting my primary BTC email, I'm surprises it isn't a multi spam sandwich by now but will look forward to the more UK targeted spoofs that may be incoming, I'm expecting some better than average phishing but won't be that disappointed if not

[joeyjoe]

I got the email, I can paste the 5000 email addresses here if you want?

[muyuu]

I got the email, I can paste the 5000 email addresses here if you want?

Heh? if you got it I'd appreciate if you just deleted it.

[joeyjoe]

I got the email, I can paste the 5000 email addresses here if you want?

Heh? if you got it I'd appreciate if you just deleted it.

was being sarcastic lol.

[Seal]

How has the new pricing structure affected trading? I've noticed much tighter spreads now, is the trading volume still on par with before the new fees?

[dooglus]

I haven't though received the alleged email with all 5,000 Intersango client emails as recipients shown so doubt this advise is genuine???

I received it.  It has 5586 email addresses and only 511 of them match those on the leaked MtGox database.

There is a list of hashes of the leaked emails, along with a shell script that can be used to check whether your email address was on the list, here: https://sites.google.com/site/intersangoemails/

[Serenata]

I am using Intersango for over a month now and I didn't have any issues. SEPA transfer from my Bank to Intersango takes about two working days. I haven't tried the other way around though.

[Seal]

I have a request: On the Account page where you list transactions, I'd like to see a date and time stamp. At the moment its very difficult to reconcile my trading activity without it as I trade quite frequently.

[eliale]

I have been using Intersango sepa for the past couple of months in and out without any problem.  Sometimes, it takes one full day for them to process it but it is working fine

[zer0]

500 - internal server error :(((((( <-- mfw I couldn't trade. Do they have a status blog anywhere?

I also recommend Intersango stop accepting American clients unless they have msb license. Starting April 1, Obama can sweep in and seize all of your bank accounts including foreign one's just for doing one trade with an American without having msb license. Utter bullshit, most WMZ/LR exchangers outside of Russia have stopped all trades with US

[wachtwoord]

America does NOT have jurisdiction outside of America.

[zer0]

America does NOT have jurisdiction outside of America.

They do now. Check the latest FinCEN ruling active April 1st. Anybody doing business with American's exchanging 'currency' including online digital currency [according to dgc magazine] is at risk of having all their bank accounts seized and possible extradition. No lie

Russians are safe but the rest of our countries are led by feeble corporatists that will just hand you over

EDIT.. this of course depends if bitcoin is considered a currency, and not a "hobby" as one guy found out. I wouldn't risk it

[Otoh]

America does NOT have jurisdiction outside of America.

  lol - try telling that to the rest of the last centuries world

say, Mercedes Sosa- So le Pido A Dios

http://www.youtube.com/watch?v=h4LZcHxPPaA

'es un monstruo grande y pisa fuerte'