Difficulty with Exchanges

[bitcoinbuddha]

Hello everyone,

If it isn't already completely obvious I am new to the whole bitcoin experience, it's actually my partner that is the brains behind it all and I help where I can and am slowly getting into it..anywho we seem to be having difficulty with exchanges. We are in the Canadian market and can't seem to find anyone who wants to exchange. We are on localbitcoins, Quadriga CX, Poloniex just to name a few. We respond to peoples request and fulfill the verifications and people don't seem to respond. There are tons and tons of exchanges up, but can't seem to make something work Does anyone have any advice or suggestions to get this ball rolling so we can start to build a reputation with traders.

Anything would be greatly appreciated.

[Newar]

Maybe your price is too high or your local market is to small?

http://bitcoincharts.com/markets/currency/CAD.html (disregard ANX, they are in HK and run a commomn order book over multiple currencies)
https://bitcoinaverage.com/markets#CAD

[Yuki1988]

Hello everyone,

If it isn't already completely obvious I am new to the whole bitcoin experience, it's actually my partner that is the brains behind it all and I help where I can and am slowly getting into it..anywho we seem to be having difficulty with exchanges. We are in the Canadian market and can't seem to find anyone who wants to exchange. We are on localbitcoins, Quadriga CX, Poloniex just to name a few. We respond to peoples request and fulfill the verifications and people don't seem to respond. There are tons and tons of exchanges up, but can't seem to make something work Does anyone have any advice or suggestions to get this ball rolling so we can start to build a reputation with traders.

Anything would be greatly appreciated.

What exactly is the problem you faced on Quadriga CX and Poloniex?
For Quadriga CX and Poloniex, you don't need to wait for someone to appear for the trades to happen. You simply buy/sell bitcoin with the exchange directly.

[bitcoinforhelp]

Use only reliable exchanges and remember keeping funds there is bad and risky

[professionalboatmisser]

Use only reliable exchanges and remember keeping funds there is bad and risky

But how are you supossed to take advatange of the ups and downs if you leave your coins outside the exchange? by the time you send them to your exchange wallet it will be game over because it takes too long.

[fernando7]

try to learn the correct margin first

[Velkro]

Use only reliable exchanges and remember keeping funds there is bad and risky

But how are you supossed to take advatange of the ups and downs if you leave your coins outside the exchange? by the time you send them to your exchange wallet it will be game over because it takes too long.

I would say, you don't take advatange of the ups and downs if you want your coins to be safe

[bitcoinbuddha]

try to learn the correct margin first

Please explain further. This is all new to me and the only way I will learn is if people explain. Thks.

[BeginToMine]

use reputable members of localbitcoin site.

[Swordsoffreedom]

I can't tell from your question if you want to buy or sell bitcoins
IF you want to get a few bitcoins quickly use quickbt and a cell phone then interac debit the balance over
IF you want to get a lot more bitcoins join cavirtex etc and finish the sign up process so you can deposit large amounts.

IF you want to sell bitcoins to others Localbitcoins and people in the area
IF you want to sell bitcoins to market you need to use an exchange and probally need to do KYC/AML to transfer money to your bank account

Think that sums it up.

[bitcoinbuddha]

Ok so I am officially angry. No one wants to buy bitcoins, or at least my bitcoins. No one in Canada and no one in the US. I set up a US account to make US transactions easier - or so I thought. I go on localbitcoins I find someone looking to buy bitcoins and go threw the process. People receiving my coins reply back with oh perfect, great should have the money sent here right away and never hear from them again. One fellow initiated a trade me with, I sent the coins to localbitcoins all his feed back says payment within 24 hrs. As for right now it has been 96 hours and haven't heard a thing send emails and get no response.

I really do no understand what I am doing wrong. I am not setting the price I am just hitting sell to people with buy orders on localbitcoins. I continue to collect coin upon coin and they are worthless to me as no one seems to want them.  I am flabbergasted on how people say bitcoin is growing? Really? Where??

If I am getting this way wrong then please point this out to me, as I am beyond frustrated.

[kodeon.CEO]

I'm English and I trade on Bitstamp. I would say most of the trades that happen are on the USD, therefore I usually trade for USD. Luckily I have a Belgian bank account now that I'm working here and when you withdraw on Bitstamp it turns into euros so I don't have to pay any fees from converting the euros into GBP anymore. But I would highly recommend their site.

[birr]

I don't use localbitcoins.  I have accounts on BTC-e, Bitfinex, Bitstamp and LakeBTC.  Right now I am trading only on Bitfinex, but I have used Bitstamp and BTC-e.  I still haven't used the account I set up on LakeBTC.
To open an account on one of these major international exchanges you have to send them proof of identity and proof of address.
Then you can deposit "fiat" or bitcoins in your account and start trading.  Depositing fiat involves sending an international wire, which can cost about a hundred bucks depending on the fees charged by the exchange and the banks involved, so it's only worth it for ten thousand bucks and up, in my opinion.  I try to send thirty grand at a time.

But since you have bitcoins you can deposit them in your exchange account, then you will be able to sell them super easy, all the major exchanges have more than enough liquidity.  Of course getting the dollars out requires a wire, same as putting them in.
Idea:
Bitstamp and LakeBTC are ripple gateways, so you could open a ripple account, put some dollars in it using the snapswap service, and get money onto an exchange that way... I think.  Haven't tried it myself, because snapswap charges more than 1%.  But for small deposits it would be cheaper than wiring.

Edit:  Here's another possibility.  Go to http://www.ptycoin.com/ripple and read the section on how to deposit dollars.  It says there's no fee.

[Pkofet]

Ok so I am officially angry. No one wants to buy bitcoins, or at least my bitcoins. No one in Canada and no one in the US. I set up a US account to make US transactions easier - or so I thought. I go on localbitcoins I find someone looking to buy bitcoins and go threw the process. People receiving my coins reply back with oh perfect, great should have the money sent here right away and never hear from them again. One fellow initiated a trade me with, I sent the coins to localbitcoins all his feed back says payment within 24 hrs. As for right now it has been 96 hours and haven't heard a thing send emails and get no response.

I really do no understand what I am doing wrong. I am not setting the price I am just hitting sell to people with buy orders on localbitcoins. I continue to collect coin upon coin and they are worthless to me as no one seems to want them.  I am flabbergasted on how people say bitcoin is growing? Really? Where??

If I am getting this way wrong then please point this out to me, as I am beyond frustrated.

I don't know if it is true but I did read that some bitcoin buyers on localbitcoins would initiate a trade and say they will send the payment soon. They then wait for a few hours. If the bitcoin price goes up, they will complete the trade with you at the earlier lower price, and if the price goes down, they will deny the trade.

[bitcoinbuddha]

Ok so I am officially angry. No one wants to buy bitcoins, or at least my bitcoins. No one in Canada and no one in the US. I set up a US account to make US transactions easier - or so I thought. I go on localbitcoins I find someone looking to buy bitcoins and go threw the process. People receiving my coins reply back with oh perfect, great should have the money sent here right away and never hear from them again. One fellow initiated a trade me with, I sent the coins to localbitcoins all his feed back says payment within 24 hrs. As for right now it has been 96 hours and haven't heard a thing send emails and get no response.

I really do no understand what I am doing wrong. I am not setting the price I am just hitting sell to people with buy orders on localbitcoins. I continue to collect coin upon coin and they are worthless to me as no one seems to want them.  I am flabbergasted on how people say bitcoin is growing? Really? Where??

If I am getting this way wrong then please point this out to me, as I am beyond frustrated.

I don't know if it is true but I did read that some bitcoin buyers on localbitcoins would initiate a trade and say they will send the payment soon. They then wait for a few hours. If the bitcoin price goes up, they will complete the trade with you at the earlier lower price, and if the price goes down, they will deny the trade.

Have you heard of people completing the trades at there end by saying the money was sent and it wasn't? Just had this experience with someone they confirmed with localbitcoins that the money was sent (this was last Friday - September 26th) and I still don't have the money in my account. I tried contacting the trader for confirmation numbers from the deposit  so my bank can start looking for the money and he won't respond. Now I have to file a dispute with localbitcoins as I never received payment. I don't understand people, why waste my time and your own? If you can't afford to purchase the bitcoins, then why not be upfront and honest and say so?

[BeginToMine]

Ok so I am officially angry. No one wants to buy bitcoins, or at least my bitcoins. No one in Canada and no one in the US. I set up a US account to make US transactions easier - or so I thought. I go on localbitcoins I find someone looking to buy bitcoins and go threw the process. People receiving my coins reply back with oh perfect, great should have the money sent here right away and never hear from them again. One fellow initiated a trade me with, I sent the coins to localbitcoins all his feed back says payment within 24 hrs. As for right now it has been 96 hours and haven't heard a thing send emails and get no response.

I really do no understand what I am doing wrong. I am not setting the price I am just hitting sell to people with buy orders on localbitcoins. I continue to collect coin upon coin and they are worthless to me as no one seems to want them.  I am flabbergasted on how people say bitcoin is growing? Really? Where??

If I am getting this way wrong then please point this out to me, as I am beyond frustrated.

I don't know if it is true but I did read that some bitcoin buyers on localbitcoins would initiate a trade and say they will send the payment soon. They then wait for a few hours. If the bitcoin price goes up, they will complete the trade with you at the earlier lower price, and if the price goes down, they will deny the trade.

Have you heard of people completing the trades at there end by saying the money was sent and it wasn't? Just had this experience with someone they confirmed with localbitcoins that the money was sent (this was last Friday - September 26th) and I still don't have the money in my account. I tried contacting the trader for confirmation numbers from the deposit  so my bank can start looking for the money and he won't respond. Now I have to file a dispute with localbitcoins as I never received payment. I don't understand people, why waste my time and your own? If you can't afford to purchase the bitcoins, then why not be upfront and honest and say so?

Did you send the coins to buyer ?

[Buziss]

Have you heard of people completing the trades at there end by saying the money was sent and it wasn't? Just had this experience with someone they confirmed with localbitcoins that the money was sent (this was last Friday - September 26th) and I still don't have the money in my account. I tried contacting the trader for confirmation numbers from the deposit  so my bank can start looking for the money and he won't respond. Now I have to file a dispute with localbitcoins as I never received payment. I don't understand people, why waste my time and your own? If you can't afford to purchase the bitcoins, then why not be upfront and honest and say so?

Never release the bitcoin from the localbitcoins escrow unless you have checked it yourself that you received the payment.
In your case, just ask that trader to provide the proof that he has sent you the money. If he doesn't respond or can't show the proof, you should win the dispute for sure.

[bitcoinbuddha]

No I did not release the coins to the buyer. I filed a dispute with localbitcoins and haven't heard anything from them yet either. I would like my coins back. I am throwing this out there I have about 150 bitcoins I am trying to sell, if you belong to this forum and would like to buy some (don't have to buy all 150 can buy whatever amount you want) then contact me and I will sent you my info for localbitcoins.

I am really tired of sitting on these coins. I spend all day trying to set up trades on localbitcoins and people say of yes I will buy them start a trade and then I never hear from them again and my coins are locked in escrow until the dispute process is completed. I honestly just want to sell the coins, it's getting to the point of I don't even care how much I sell them for as long as I sell them. As it states in bold approaching that point of not caring, not there yet but getting close. Been sitting on coins for months. I would seriously like to know what is going on, why people can't seem to hold on to their coins and I can't seem to get rid of them.

[DannyHamilton]

- snip -
I have about 150 bitcoins I am trying to sell,
- snip -
I don't even care how much I sell them for as long as I sell them.
- snip -

I suspect that you actually do care how much you sell them for.

If its true that you don't care, then I'd be happy to send you $11,250 for all 150 BTC.

Depending on the specifics of the transaction, I might even be willing to pay a bit more.

[Peter882]

I am throwing this out there I have about 150 bitcoins I am trying to sell, if you belong to this forum and would like to buy some (don't have to buy all 150 can buy whatever amount you want) then contact me and I will sent you my info for localbitcoins.

You can create a thread in the currency exchange section https://bitcointalk.org/index.php?board=53.0, and sell your bitcoin directly here.
Don't forget the use an escrow (eg. https://bitcointalk.org/index.php?topic=276897.0) and beware of reversible payments.