I have not had a chance to try Bitfloor yet, but I did finally get bitcoins through btcquick. I like their business model.
Re Bitfloor.
I used their service once. Please fill me in if I'm looking at this the wrong way.
Their service seems to be extremely expensive.
The transferring of money from a cash deposit at a local Bank of America wasn't bad.
But once the money was in my account, I had to trade for Bitcoins, and the rate was terrible.
Our of a $500 cash deposit, I ended up with about $440 dollars worth of bitcoins.
Whereas with BitInstant, a cash deposit at Walmart, through ZipZap yeilded me with about $480 dollars which immediately was transferred into my MtGox account, and the trade there was at the market rate, which gave me abouit $480 worth of Bitcoins.
So even though the transfer fees through Bitfloor were low, their 'Market Rate' for buying Bitcoins was expensive.
I lost about $40 out of my $500 compared to using BitInstant and MtGox.
Am I going about this wrong?
Thanks. Iz.
I'm obviously incredibly biased, but for any service of this sort the important thing is that the bitcoins are purchased at market rate on a high volume exchange. Most of our traffic ends up going through gox for example.