Post
Topic
Board Bitcoin Discussion
Re: The biggest problem with bitcoin is these imcompetent exchanges
by
olloman
on 10/12/2013, 13:26:43 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...

Euro zone , or European Union?
Cause I'm getting interested on this , heard a lot of good stuff about it.



well, I can tell you that you have to pay through SEPA bank transfer (or national bank transfer, if the seller's bank is in the same nation as your bank), which is only available for banks of the countries that are in the Euro Zone I think...quote from Wikipedia: "The Single Euro Payments Area (SEPA) is a payment-integration initiative of the European Union for simplification of bank transfers denominated in euro. As of November 2013, SEPA consists of the 28 EU member states, the four members of the EFTA (Iceland, Liechtenstein, Norway and Switzerland) and Monaco"

As I said, I recommend bitcoin.de, I personally made more than 10 trades, all successful, and the community is generally friendly, and the coin disbursement doesn't usually take more than half an hour...in addition the possibility to spend up to 2,500 euros before a complete verification (only with a bank account verification) is a great feature

The euro zone means the states that adopted the euro as a currency. That got me curios.
SEPA is for the whole Eurpean Union.

I'll give it a try , what the hell!

alright, my mistake  Grin by the way I think you will not regret it, it is really worth trying! It is obviously not intended for daily traders since the bank transfers can take up to one or two days, but if you just want to get some bitcoins to store away or move to other exchanges, or don't want to/can't get a full verification, it is the best site at the moment in my opinion!

EDIT: I think it is important to add that the 2,500 euros without verification are annual, so if you start trading now, in less than a month you will be able to spend 2,500 more euros without verification  Wink

My bank acount isnt verified yet and when I try to click buy/sell I get this message:
"In order to trade on bitcoin.de, you have to verify the bank data. "

well I said that you don't need a complete verification (ID and residence proof), but to trade you need to validate at least your bank account...nothing special, you just give them your bank account details, they send you 9 cents and you have to put in the website the code you get in the "details" section of the transfer...I guess it is to have a minimum of control and trust, and also because if you just want to sell, they need to have your bank account details to inform the buyer