Post
Topic
Board Bitcoin Discussion
Re: The biggest problem with bitcoin is these imcompetent exchanges
by
Barek
on 09/12/2013, 00:21:13 UTC
bitcoin.de is a blessing compared to all the other exchanges, very nice design and functions, you don't have to deposit money on it, only bitcoins, and you pay directly to the seller with bank transfer, and you can even spend up to $2,500 before needing a complete registration...only problem, if we want to call it so, is that you need to be in the Euro zone, sorry Americans&Asians&rest of the world  Undecided btc-e and the others are good only for coin-coin exchanges...anyway I have no affiliation at all with bitcoin.de, just sharing my experiences, all other exchanges should be like that, and not only for the Euro zone...

So, when I sell BTC on bitcoin.de that particular member will have to make a bank transfer to my account? Not the exchange itself?

Yep, asks/bids are not matched automatically. You pick your bid/ask and then wire the money or wait for money to be wired. There are some deadlines and trust rating. It is a little bit like localbitcoins, but with specific bids/asks. Bitcoin.de does escrow and identity verification, but they don't seem to do much in fraud cases (canceled wire transfers, delayed transfers, ...).