BitFloor Customer Reviews

[miaviator]

BitFloor is awesome.

While everyone whines and complains about their money being tied up at Gox and puts sellers here on hold waiting for funds.  I drive my happy *ss down to a chase bank, drive back to the office and spend the freshly purchased credit on BTC...  Which then immediately gets spent on hardware.  It's a vicious cycle.

If for some strange reason I want USD the process is even easier, I sell BTC and transfer the funds to my Chase account.


If you don't have a chase bank just wire me some money and I'll deposit it for you!

[DeathAndTaxes]

If you don't have a chase bank just wire me some money and I'll deposit it for you!

Don't offer this.
1) Bitfloor accepts wires from any bank in the world
2) Most likely the only people willing to take you up on this offer would do so in order to launder money through your account.  When you get a knock on the door and some DEA agents want to know how/why $50K worth of funds related to a drug sting went through your bank account you will be saying "man that was stupid".

[miaviator]

If you don't have a chase bank just wire me some money and I'll deposit it for you!

Don't offer this.
1) Bitfloor accepts wires from any bank in the world
2) Most likely the only people willing to take you up on this offer would do so in order to launder money through your account.  When you get a knock on the door and some DEA agents want to know how/why $50K worth of funds related to a drug sting went through your bank account you will be saying "man that was stupid".

You are correct.  Putting other peoples money through your own account is not a good idea.  But I don't launder money.  So If you don't have a chase bank just wire me some money and I'll deposit it for you!

[rjk]

But I don't launder money.

You won't know you have become a mule until it's all over and the fat lady sings.

[TheButterZone]

If you don't have a chase bank just wire me some money and I'll deposit it for you!

Don't offer this.
1) Bitfloor accepts wires from any bank in the world
2) Most likely the only people willing to take you up on this offer would do so in order to launder money through your account.  When you get a knock on the door and some DEA agents want to know how/why $50K worth of funds related to a drug sting went through your bank account you will be saying "man that was stupid".

You are correct.  Putting other peoples money through your own account is not a good idea.  But I don't launder money.  So If you don't have a chase bank just wire me some money and I'll deposit it for you!

As previously mentioned multiple times, people don't need a Chase bank to wire money to Bitfloor. Your middleman services are redundant and carry unnecessary legal liability.

[EnergyVampire]

I'm not sure which thread to ask this question but....

While testing Limit Order entries on the website an additional .4% is added to the trade size. For example, a "Sell: 1 @8.50" changes to "Sell: 1.004 @8.50". How does this work exactly?
I thought the liquidity rebates where in USD and if so, why is the order size increasing?

[shtylman]

I'm not sure which thread to ask this question but....

While testing Limit Order entries on the website an additional .4% is added to the trade size. For example, a "Sell: 1 @8.50" changes to "Sell: 1.004 @8.50". How does this work exactly?
I thought the liquidity rebates where in USD and if so, why is the order size increasing?

It is a glitch with the limit order calculator interface which happens when you tab out of the field instead of clicking out of it. I will get the issue resolved. Liquidity rebates are indeed in USD as you are expecting.

[EnergyVampire]

I'm not sure which thread to ask this question but....

While testing Limit Order entries on the website an additional .4% is added to the trade size. For example, a "Sell: 1 @8.50" changes to "Sell: 1.004 @8.50". How does this work exactly?
I thought the liquidity rebates where in USD and if so, why is the order size increasing?

It is a glitch with the limit order calculator interface which happens when you tab out of the field instead of clicking out of it. I will get the issue resolved. Liquidity rebates are indeed in USD as you are expecting.

Ah, I see. Thanks for the quick reply, Shtylman

[Stephen Gornick]

Trying to login I get:

Code:

504 Gateway Time-out

The server didn't respond in time.

[shtylman]

Trying to login I get:

Code:

504 Gateway Time-out

The server didn't respond in time.

Such a question is better first sent to support In either case, please try to login again as the issue should be resolved.

[Stephen Gornick]

Such a question is better first sent to support

Ah ... title shows customer reviews, not customer support.  Sorry.

E-mail is a horrible communications method though.  A ticket-based support tool might be something to prioritize.

[Stephen Gornick]

BitFloor has reported a security breach.  No coins were kept in cold storage, and all coins from the hot wallet are now spent.  

As a last resort, I will be forced to fully shut BitFloor down and initiate account repayment using current available funds. I still have all of the logs for accounts, trades, transfers. I know exactly how much each user currently has in their account for both USD and BTC. No records were lost in this attack.

 - http://bitcointalk.org/index.php?topic=105818.0
 - http://bitcointalk.org/index.php?topic=105819.0