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Showing 7 of 7 results by SalemB
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
SalemB
on 11/09/2014, 19:13:52 UTC
Quote from: noggin-scratcher on September 11, 2014, 01:59:15 PM
Quote from: SalemB on September 11, 2014, 10:34:56 AM
I was worried about the 3+ weeks mentioned in there terms to, but in practice they get your BTC out fairly quickly (Normally with in hours, sometimes  longer outside of office hours, I get the feeling that someone has to manually release the coins rather than it been an automatic process). So they aren't perfect, but if you want to convert GBP to  BTC they are better than most of the alternatives.

Having already put cash into 'finex, my mind is more on going the other way - using a UK-based exchange to withdraw via (Finex => BTC => Netagio => bank).

Any experience with the speed of their GBP withdrawals?

To be honest, I've never tried to withdraw GBP from them, so that could be where the 3 weeks comes in. It might be worth checking out Dalmars brokerage account for the withdrawal.
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
SalemB
on 11/09/2014, 16:35:02 UTC
Quote from: russianptr on September 11, 2014, 02:08:21 PM
this thread is now about Netagio or some other crappy GBP exchange



Was there any need for that bit of nastiness? Talking about how to turn GBP into BTC so they can be used on Bitfinex is perfectly valid.

Just because it doesn't affect Biffinex's Russian clients doesn't mean you can start to insult attack other countries currencies or systems.






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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
SalemB
on 11/09/2014, 10:34:56 UTC
Quote from: noggin-scratcher on September 11, 2014, 09:49:56 AM
Quote from: SalemB on September 11, 2014, 06:37:52 AM
As a fellow Brit I use Netagio, they are an exchange based in the UK, and their main business is converting GBP to BTC (or gold bars!).
Their order book is a bit empty and you will need to validate your address / bank account. But they do make getting BTC a lot easier if you have British bank account.

Interesting. I'd come across them before and been turned off by their FAQ. Specifically the mention of "To prevent fraudulent activity and to protect ourselves as well as our customers, we impose a withdrawal wait time on the money that you deposit in your account", paired with the detail page that lists a delay of 3+ weeks if you want to withdraw 100% of your balance.

Seemed kinda sketchy to be imposing long waits like that. How has your experience been with them?

Also...

Quote from: bbbbbb2014 on September 11, 2014, 09:37:27 AM
Lenders like will not go under 0.04% for a given day,  under any circumstances.


I was worried about the 3+ weeks mentioned in there terms to, but in practice they get your BTC out fairly quickly (Normally with in hours, sometimes  longer outside of office hours, I get the feeling that someone has to manually release the coins rather than it been an automatic process). So they aren't perfect, but if you want to convert GBP to  BTC they are better than most of the alternatives.
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
SalemB
on 11/09/2014, 06:37:52 UTC
Quote from: noggin-scratcher on September 11, 2014, 02:05:12 AM
Quote from: Dalmar on September 10, 2014, 09:45:31 PM
Even if they accepted SEPA, they would probably implement a system similar to bitstamp which screws you on a bad forex conversion rate.
The cheapest way to transfer amounts under 25K euro is just to buy it on Kraken and then transfer it to your USD exchange of choice.

This gets even more painful from the UK - my choices to move cash to 'finex are an expensive international wire and a crappy GBP/USD exchange rate, or a somewhat less expensive SEPA transfer and a crappy GBP/EUR rate, followed by a crappy EUR/USD rate, and a trading fee each way going in/out of bitcoin plus any losses to slippage or price movements.

First decent exchange with "Faster Payments" support gets my business forever...

As a fellow Brit I use Netagio, they are an exchange based in the UK, and their main business is converting GBP to BTC (or gold bars!).
Their order book is a bit empty and you will need to validate your address / bank account. But they do make getting BTC a lot easier if you have British bank account.
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
SalemB
on 19/08/2014, 16:49:10 UTC
What's the risk level when lending through BitVC compared Bitfinex? (i.e. how safe is your money?)
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Board Project Development
Re: Haasonline Simple Trade Bot For BTCe and Bitstamp[Main topic]
by
SalemB
on 09/05/2014, 11:48:49 UTC
Quote from: Bajawah on May 08, 2014, 09:41:34 PM
Quote from: SalemB on May 08, 2014, 03:43:32 PM
Hi

Can anyone help me with the following questions? (I've only just purchased the software, so I am not yet sure about things)

1. Once I've setup my bot and used auto setup to generate the settings, will redoing auto setup on a daily basis help the bot or should I leave it alone.

2. If my bot places an order which doesn't complete in time for the bot, should I cancel it so the bot can use the coins or ignore it (since if I wait long enough the order will probably be fulfilled eventually).

Thanks!

1 - Depends heavily on the type of indicator. Something like a high/low indicator would benefit from that or just manually moving it.

2 - This is the bane of all things. Depending on your trade amount type, the exchange, and the cancel order insurance the answer is... maybe. For things like Cryptsy you are kinda just boned because order just sit there forever. On BTCe BTC/USD I never have any issues.

You run the risk of the bot trying to buy at 10, then the order sitting because you have all your coins allocated to that position and it can never do anything until you fix it. Especially if the price never comes back to 10.

Not using Cryptsy, using 'all in' or 'percentage' for your trade amount and 'cancel order insurance' helps this heavily.

I have really grown to hate Cryptsy...

Thanks Bajawah, that's a big help, your advice is very much appreciated.

I've moved some funds from Cryptsy to BTCe and I am seeing what happens.

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Board Project Development
Re: Haasonline Simple Trade Bot For BTCe and Bitstamp[Main topic]
by
SalemB
on 08/05/2014, 15:43:32 UTC
Hi

Can anyone help me with the following questions? (I've only just purchased the software, so I am not yet sure about things)

1. Once I've setup my bot and used auto setup to generate the settings, will redoing auto setup on a daily basis help the bot or should I leave it alone.

2. If my bot places an order which doesn't complete in time for the bot, should I cancel it so the bot can use the coins or ignore it (since if I wait long enough the order will probably be fulfilled eventually).

Thanks!