[♔] British Digital Currency | 5% annual PoS - Bittrex - Fiat to BritCoin [BRIT]

[gysca]

For those who didn't see on our Twitter here's a sneak preview of our upcoming Fiat > BritCoin exchange platform.

https://i.imgur.com/VpkD7P0.png

We're hoping to launch it for public use Friday if not early weekend.

The 'exchange' is going to be a bank-to-bank transfer?

Who is on the other side of the trade sending the Britcoin to the buyer?

EDIT: Or is this bank transfer into the exchange platform?

Good question.

At first it will be bank-to-bank with me personally running it.  Once the system is tested in a live environment I will be looking at implementing a system where users can apply to become sellers, giving the end user a competitive price and better service.

Once the platform is launched, the price of the Brits in GBP will be calculated based on how much it will cost me to buy the same amount of Brits sold on the Bittrex buy wall in BTC.  This will (hopefully) help give us a steady price increase because I will be buying at the ask price and eating up the sell wall.  Please keep in mind that I am selling my own personal coins that I have mined and bought myself. I really don't want to sell my Brits at the current price so I have to ensure that the amount that is charged is enough to cover the cost of rebuying the same amount of coins on Bittrex.

Hope this helps.  Let me know if you have any other questions.

In essence that is similar to what happens with current services like Bittylicious.  You do a bank transfer to an account they give you and then the person with the crypto sends it to your address when the Tx goes through.  It only takes about 5 minutes for the entire process because of the "Faster Payments" system in UK banks.

Exactly.  The whole coin ordering process only takes a few minutes start to finish, prolly even quicker than filling out your CC information.  And as the majority of internet users in the UK have access to online banking with 'Fast payments' it's the perfect solution.

good job dev, best luck to this project,
i'm hold my BRIT, let's see where it goes in 2 or 3 month 

[1714068535]

1714068535

[will7am]

For those who didn't see on our Twitter here's a sneak preview of our upcoming Fiat > BritCoin exchange platform.

https://i.imgur.com/VpkD7P0.png

We're hoping to launch it for public use Friday if not early weekend.

The 'exchange' is going to be a bank-to-bank transfer?

Who is on the other side of the trade sending the Britcoin to the buyer?

EDIT: Or is this bank transfer into the exchange platform?

Good question.

At first it will be bank-to-bank with me personally running it.  Once the system is tested in a live environment I will be looking at implementing a system where users can apply to become sellers, giving the end user a competitive price and better service.

Once the platform is launched, the price of the Brits in GBP will be calculated based on how much it will cost me to buy the same amount of Brits sold on the Bittrex buy wall in BTC.  This will (hopefully) help give us a steady price increase because I will be buying at the ask price and eating up the sell wall.  Please keep in mind that I am selling my own personal coins that I have mined and bought myself. I really don't want to sell my Brits at the current price so I have to ensure that the amount that is charged is enough to cover the cost of rebuying the same amount of coins on Bittrex.

Hope this helps.  Let me know if you have any other questions.

In essence that is similar to what happens with current services like Bittylicious.  You do a bank transfer to an account they give you and then the person with the crypto sends it to your address when the Tx goes through.  It only takes about 5 minutes for the entire process because of the "Faster Payments" system in UK banks.

Exactly.  The whole coin ordering process only takes a few minutes start to finish, prolly even quicker than filling out your CC information.  And as the majority of internet users in the UK have access to online banking with 'Fast payments' it's the perfect solution.

good job dev, best luck to this project,
i'm hold my BRIT, let's see where it goes in 2 or 3 month 

Thanks for your kind words and the support!

Remember that BritCoin isn't much older than a month, so it's still early days!

[Soul_eater_123]

dev tried but the exchanges are removing the coin

Which exchange is removing it?

[Pebbelzz]

dev tried but the exchanges are removing the coin

Which exchange? Bittrex shows no indication of removing the coin

[Pebbelzz]

dev tried but the exchanges are removing the coin

Which exchange is removing it?

c-cex

Coins to be removed August, 4 due to low volume: PCC, ROX, HTML, DVC, FSC, CSO, VRC, BTCS, POS, QB, BRIT, NMC, TRK, FTC, COOL, CFC2, GOD, LTS, NIC, URO, TECH, GLY, DUCK, ISIS, VIA, SPATA, YACC, FRY, XBD, TORBTC

That is not going to hurt it in any way. C-Cex is low volume all over

[Soul_eater_123]

dev tried but the exchanges are removing the coin

Which exchange is removing it?

c-cex

Coins to be removed August, 4 due to low volume: PCC, ROX, HTML, DVC, FSC, CSO, VRC, BTCS, POS, QB, BRIT, NMC, TRK, FTC, COOL, CFC2, GOD, LTS, NIC, URO, TECH, GLY, DUCK, ISIS, VIA, SPATA, YACC, FRY, XBD, TORBTC

Who cares if C-CEX is removing it?  The main volume is on Bittrex anyway.  Having it on crappy little exchanges just gives more opportunity to manipulate the price.  If you are that easily spooked you should sell your Brit to people who aren't.

[will7am]

dev tried but the exchanges are removing the coin

Which exchange is removing it?

c-cex

Coins to be removed August, 4 due to low volume: PCC, ROX, HTML, DVC, FSC, CSO, VRC, BTCS, POS, QB, BRIT, NMC, TRK, FTC, COOL, CFC2, GOD, LTS, NIC, URO, TECH, GLY, DUCK, ISIS, VIA, SPATA, YACC, FRY, XBD, TORBTC

It's not really a big loss for BritCoin, we didn't have much volume on there since most people prefer Bittrex or even AllCoin.

[Pebbelzz]

dev tried but the exchanges are removing the coin

Which exchange is removing it?

c-cex

Coins to be removed August, 4 due to low volume: PCC, ROX, HTML, DVC, FSC, CSO, VRC, BTCS, POS, QB, BRIT, NMC, TRK, FTC, COOL, CFC2, GOD, LTS, NIC, URO, TECH, GLY, DUCK, ISIS, VIA, SPATA, YACC, FRY, XBD, TORBTC

Pish, if you think it's worthless I'll take it off you hands since you can't trade on C-Cex  

[mmm01]

Got some brit while it's still low. Expecting good things from this coin keep up the good work.

[will7am]

Just to let you guys know, our Fiat > BritCoin via instant bank transfer will be launching in the next few hours!

[Soul_eater_123]

Just to let you guys know, our Fiat > BritCoin via instant bank transfer will be launching in the next few hours!

It's good that a lot of people don't know this yet.  This gives a chance for the little guys to still get in quite cheap.  Once this starts moving the price will rise very fast.

Then see the panic buys as people realise that this will set a minimum price floor for BRIT:)

[jioy]

the logo is so beatiful~~

[will7am]

BuyBritCoins.com - OUR FIAT TO BRITCOIN EXCHANGE PLATFORM IS NOW ONLINE!

UK users can now buy BritCoins in minutes using instant bank transfer.

[will7am]

the logo is so beatiful~~

Thanks!  We're lucky to have a great designer, Christian.

[dennemann]

Good to see some feedback on the logo Also would like to inform you that we are also on facebook, for those who uses FB we can be found at https://www.facebook.com/BritCoinUK 

[will7am]

The prize for our Twitter competition winner has been raised from 5,000 BRIT to 25,000 BRIT.


A huge thank you to Soul_eater_123 for throwing in the extra prize BritCoins.

To take part, retweet the status below before 6pm tomorrow (Sunday) for a chance to win!

https://twitter.com/BritCoinUK/status/495596961337442304

[Rage19420]

BuyBritCoins.com - OUR FIAT TO BRITCOIN EXCHANGE PLATFORM IS NOW ONLINE!

UK users can now buy BritCoins in minutes using instant bank transfer.

This is awesome, now how can one go about selling BRIT for pounds for a traveler without a UK banking account?

[cwnt]

the logo is so beatiful~~

It is indeed.

The exchange is looking good too, great to see it launched! Will hopefully be able to give it a go soon. Will be sure to report back if so.

[Soul_eater_123]

BuyBritCoins.com - OUR FIAT TO BRITCOIN EXCHANGE PLATFORM IS NOW ONLINE!

UK users can now buy BritCoins in minutes using instant bank transfer.

This is awesome, now how can one go about selling BRIT for pounds for a traveler without a UK banking account?

I think this will take a bit longer to sort out but Will is working on it.

[will7am]

BuyBritCoins.com - OUR FIAT TO BRITCOIN EXCHANGE PLATFORM IS NOW ONLINE!

UK users can now buy BritCoins in minutes using instant bank transfer.

This is awesome, now how can one go about selling BRIT for pounds for a traveler without a UK banking account?

I think this will take a bit longer to sort out but Will is working on it.

I will be looking to implement a seller account feature in the near future, once the current system has been put through its paces and tweaked.

Can't really put a timeframe on when this will happen, possibly next month though.