Post
Topic
Board Speculation
Re: Bit4X Reviewed - January 11th, 2016
by
syndria
on 13/01/2016, 03:29:13 UTC
And this is how it worked:

I deposited 5K usd worth of bitcoin into Bit4X

The 5K was converted into an internal denomination called a mBTC  (1000 mBTC = 1 Bitcoin)

https://bit4x.com/news

So at the time the 5K was worth 11000 mBTC

I ended up withdrawing a little over 30000 mBTC yesterday.

The MT4 platform only allowed me to withdrawal 9999.99 mBTC per transaction, so I had to make 4 transactions.

Then, the Bit4X admin combined all four of the MT4 transactions into one Bitcoin withdrawal request, destined for my outside wallet address.