Post
Topic
Board 中文 (Chinese)
Re: BOUNTY: CHINESE EXCHANGE INFORMATION
by
betcointm
on 23/12/2014, 13:13:07 UTC
Hi, glad to answer your questions and enter the contest.

For people like me who trade bitcoins quite often in Chinese exchanges, it's a common sense that the first top 3 exchanges in BTC/RMB are BTCChina, OKCoin and Huobi. Following is a short summery of what I know about these exchanges.

1. BTCChina (btcchina.com)
This is the first bitcoin exchange in China, which was founded in 2011. As I know, most of the Chinese bitcoiners believe it has the best reputation among the top Chinese exchanges, with three main services: the exchange (support both BTC and LTC), the bitpay-like payment service (JustPay), and the mining pool. The deposit of RMB is via an agent code called BTCC-Code, which you could only buy from BTCChina's partener agency. Trading UI is simple and convenient (but the UI changed several times since 2013), no lags or network latency. Website languages are both Chinese and English so I think it's not difficult for you to start with. Besides, they also offer a PC client trading tool.

2. OKCoin (okcoin.cn)
Actually OKCoin is also good but as they broke their promise for several times (about the trading fee, the BTC future and lever etc), especially due to the fake trading volume, I think its reputation is not as good as BTCChina. Nevertheless, it offers BTC future trading so for some people it's the best place. You could deposit via Bank and OK-Code (just like BTCC-Code), normally it's faster than BTCChina. UI is easy to use and remains the same since 2013 (good for user experience). Mobile apps and PC client are also available.

3.  Huobi (huobi.com)
Like OKCoin, Huobi also provides BTC future trading. But I rarely trade bitcoins on it because once (March 21st this year) its poor risk-control system led to severe margin call accident (LTC/RMB rate fell to 1), and the victims didn't get compensations as they promised. So I doubt their ability to run such business. On the other side, trading UI is OK, and deposit is quick.

My address is: 1As4Twy2RwNu9UbHsKw15by8kpEe2SbBLm


0.2 BTC sent. Submit your report via private message. Better if a link to a document via GoogleDocs or Dropbox.

https://blockchain.info/tx/9c594acd4b1fc811b6816072e71f1cd6efde8dec286f03ea5c477d44a2c0b171



please elaborate more on the exact process of depositing and withdrawing money. Let's assume that our user has 1 RMB bank account with ICBC and 1 UnionPay debit card from ICBC. The user lives in a small town with no other infrastructure that the ICBC branch. How does he deposit RMB into his exchange account, and how does he withdraw RMB from his exchange account? What limits are there? Let's say he would like to exchange 5,000,000 RMB per month. in both directions - buy and sell.

0.2 BTC received, thank you. I will start soon to finish the report, is there a deadline?

Deadline is yesterday:) if you complete it in a speedy fashion (24-36 hours from now) - you'll be awarded another 0.25 BTC as a bonus.





THE WINNER OF THIS COMPETITION IS OFFICIALLY "DUSKAST" WHO SUBMITTED HIS REPORTS WHICH HAVE BEEN DETERMINED TO BE OF SATISFACTORY QUALITY FASTER THAN ANYBODY ELSE. THIS COMPETITION IS NOW CLOSED. BELOW IS THE PAYMENT TRANSACTION FOR  THE ORIGINAL 1.5 BTC BOUNTY AND AN EXTRA 0.25 BTC BONUS FOR SPEEDY DELIVERY.

https://blockchain.info/tx/6a1a71f06bcfb091dec915d51257c3183ff62ca648fe7bc9a6f0f6236fa161ff

PLEASE CHECK OUT OUR NEXT CONTESTS FOR ENGLISH>CHINESE TRANSLATION SERVICES AND CHINESE LANGUAGE CUSTOMER SUPPORT JOBS.