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BTC Markets 0% Launch Promotion

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BTC Markets 0% Launch Promotion
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AssociatedL[Deactivated] on 13/02/2014 - 12:15 btcmarkets.net (535 clicks)

BTC Markets, an Australian bitcoin exchange is currently offering an exclusive free trading fortnight. All buy and sell orders placed between now and midnight Wed 19th Feb 2014 will have no trading fees. This includes orders that execute after the end date. For those that have not traded digital currencies with BTC Markets before, now is a good time to try. Please refer to our beginners guide or contact support with any questions.

View our deposit and withdrawal options. Sign Up today!

Happy trading from the BTC Markets Team

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  • justtoreply on 13/02/2014 - 12:20
    -3

    Wouldn't trust anyone with BTC.

    • The Quote Train on 13/02/2014 - 13:28
      +5

      What is that supposed to mean? Don't comment about something you have a superficial understanding of.

      • justtoreply on 13/02/2014 - 14:12

        It's supposed to mean that BTC imtermediaries are not always trustworthy.

        Definately BTC storage/banks. Not sure about trading.

        • The Quote Train on 13/02/2014 - 14:40

          I can vouch for btradeaus. 12 or so seamless transactions and counting.

    • Super_Dre on 13/02/2014 - 13:55
      +1

      Cryptocurrencies are very legitimate but still un-familiar with many people. This is the start of something new, but we're in the early stages, much like the internet in 1992.

      Heres an interesting Joe Rogan podcast on the topic of Bitcoins :
      http://www.youtube.com/watch?v=1cexawnOlR8

      • SBOB on 13/02/2014 - 15:26

        im all for currencies whose price history looks like a rollercoaster… as long as im not on it ;)

      • jong on 13/02/2014 - 15:39

        Cryptocurrencies are very legitimate…

        Define "legitimate". It's a number, that you can (currently) swap for money with other people, but that has no other value.

        …but we're in the early stages, much like the internet in 1992.

        You mean the dotcom boom and bust? When people paid astonishing sums for worthless stock in unprofitable companies, just because they were on the Internets? (My favourite was NetJ.com, which raised $22.9USD in its IPO, despite not having "any substantial business activity" and having "no plans to engage in any such activity in the foreseeable future.")

        Personally, I think it's more like the Tulip Bubble, but without any actual tulips. Call it "The Idea of Tulips" bubble.

        • SBOB on 13/02/2014 - 16:24

          My favourite was NetJ.com, which raised $22.9USD in its IPO

          almost $25… wow
          least profitable IPO in history ;)

        • Super_Dre on 13/02/2014 - 19:03

          In the case of value, no money has value, not since gold backing. Its rather a sum thats agreed upon. In Australia we're very lucky on the 'stability' of our currency.
          I cant speculate on the price of BTC, it very may be in a bubble situation. I have no interest in trading it, but i think its amazing for transactions. ie sending money to family overseas or online (international) shopping, where credit card and bank fees can be avoided.
          What i mean when referring to the early internet, this is a new technological network which will continue to innovate. the world wont turn around and stop using the internet, it cant be stopped. its de-centralised and no one owns it. the same applies to cryptocurrencies.

  • tomclancy on 13/02/2014 - 12:21

    Wonder how all those miners went? Anyone who bought one in the ozbargain group buy care to share?

  • [Deactivated] on 13/02/2014 - 12:57
    +2

    Having to put up with businesses seeking free advertising is one of the few drawbacks of Ozbargain.

    • Associated[Deactivated] @ BTC Markets on 14/02/2014 - 11:06

      Hi we agree this is probably not the appropriate channel for advertising our trade promotion.

  • The Quote Train on 13/02/2014 - 13:24
    -1

    Ask: $799.00

    Why the hell would anyone use you over btradeaus or coinjar (who are cheaper even after fees)

    • Joz2988 on 13/02/2014 - 13:43
      +1

      You sure?
      https://www.btradeaustralia.com/buy-bitcoins/
      1BTC=$815.57

      • The Quote Train on 13/02/2014 - 13:51

        Hmmm good point. I take that back.

        • mycosys on 13/02/2014 - 16:19

          why didnt you take it back then?

        • leonheart1 on 13/02/2014 - 17:20

          Can't edit once someone replies

        • mycosys on 13/02/2014 - 17:23

          I meant his negative vote - the mods since did it for him

    • Associated[Deactivated] @ BTC Markets on 14/02/2014 - 11:13

      Hi,
      Coinjar and btadeaus source their coins from other exchanges. With BTC Markets, it's a full exchange meaning the traders on our exchange determine the value of bitcoin. This promotion serves as a way to get more volume onto the exchange. The greater the volume, the greater the liquidity for our traders and ultimately better prices for the traders.

      Sometimes BTC Markets is higher than other exchanges, (that's actually good for sellers) other times we are lower (that's good for buyers). This is how an exchange works. The traders on the exchange determine the price, not us.

  • dreamzz on 13/02/2014 - 14:11

    BTC market is cheaper sometimes not always. I run the group buy for the miners, miners arrived on tuesday and it was a breeze to setup. only took 5 minutes each to setup, now happily mining. Not many people from here bought it, got a lot of inquiries but only a few bought. Anyway the units are now out of stock and the group buy is over, now I am selling miners on ebay and soon in my own website. I now became a reseller of them.
    Cheers

  • jztilly on 13/02/2014 - 14:12

    i bought 1.04 bitcoins last year (1/3/13) for $15AUD - thought it was a total ripoff.

    used the majority of that one coin to pay for VIP access to a newsgroup site. the left over funds were forgotten about (0.16801930 of a coin) until i read that coins were selling for over $1000US.

    i cashed what i had left got $184.29AUD

    lotsa fun!

    • justtoreply on 13/02/2014 - 14:14
      +2

      I would have been pissed at paying $800 for newsgroup access.

      • jztilly on 13/02/2014 - 14:53
        +2

        it was about $11US from memory.

        i can understand what you're saying - but when i lay down $15AUD and get back >$180AUD, feeling good.

  • PumaPants on 13/02/2014 - 14:28
    +3

    But.. can i trade Dogecoin???

  • yanman on 13/02/2014 - 17:00

    Nice… only 1% trade fee even when it's not in the free period! The best thing though is that they allow POLi for instant transfer… i normally use COinJar as they're currently the cheapest but they can be very variable with their transfer confirmation times. Once it took 15mins from bank -> them, the next one was 2.5 days :/

    • ozdesi on 13/02/2014 - 18:50

      They don't allow POLi but direct bank transfer is available.

      We are sorry but POLi is no longer available for deposits for security reasons. We recommend using the direct bank transfer method.

      • yanman on 14/02/2014 - 09:20

        Ah what!? I fon't give a shit about POLi for withdrawls.. it's deposits that matters!! grrrr :/

        [Edit] Where does it say that? If I look here it shows POLi as a deposit option:
        https://btcmarkets.net/features

      • Associated[Deactivated] @ BTC Markets on 14/02/2014 - 11:18

        POLI is no longer a service.

        Whilst we understood the speed and convenience of POLI, it was a target for fraudulent transactions. In order to keep good relations with the banks and exposure to fraudulent transactions, we decided to revoke the service.

        As an alternative it is still possible to do cash deposits if you are in a hurry to get your account credited the same day, otherwise you can direct bank transfer and get your funds credited the next business day.

        • yanman on 14/02/2014 - 16:19

          That's a shame… I'm not sure how it's a target for "fraudulent transactions" - Virgin Australia use it just fine

          Unfortunately you've just lost the only edge you had over CoinJar, so no thanks.

  • norimono on 13/02/2014 - 17:10

    I've used BTC Markets prior to this promotion. Can confirm it works well. The poli transfer is kind of strange but it works and you get funds in your account and can trade immediately.

    There was little volume on the exchange at the time so the bid/ask spreads were pretty wide. I hope this promotion will increase volume :-)

  • SirFlibbled on 13/02/2014 - 23:13

    hmmm no Australian Financial Services license?

    • Associated[Deactivated] @ BTC Markets on 14/02/2014 - 11:05
      -1

      Hi SirFibbled, this emerging space is under review.

      • SirFlibbled on 14/02/2014 - 12:11

        uhuh…

      • tomclancy on 14/02/2014 - 14:33

        emerging space

        What does that even mean? No AFSL means no dice

        • SirFlibbled on 14/02/2014 - 16:15
          +1

          It means they haven't spoken to a good lawyer.

        • tomclancy on 14/02/2014 - 20:06

          Well they are trading in a commodity that can't be traced.

        • Associated[Deactivated] @ BTC Markets on 15/02/2014 - 13:17

          The various regulatory bodies such as the ATO and AUSTRAC are yet to determine if crypto currencies are commodity or currency. These decisions will ultimately define the license requirements and the levels of AML / CTF compliance. It also impacts things like GST. We are not experts on financial LAW, but even experts are waiting for these key decisions to be made in this emerging space as to define the requirements.

        • tomclancy on 15/02/2014 - 15:34

          Irrelevant of their decision you will need at the very least a basic AFSL to trade commodities or currencies.

          The fact that you are doing nothing about it despite knowing you will have to get a license at some stage speaks volumes

        • tomclancy on 15/02/2014 - 15:37

          We are not experts on financial LAW

          yet you expect people to give you their hard-earned and trade on your financial exchange dealing with currencies?

          if you are not experts then I suggest you employ one and at least come back to us with a sound argument. Having no expert advice does not give us confidence in your services.

        • SirFlibbled on 15/02/2014 - 23:15

          As I said above, they need to speak to a good lawyer.

  • Associated[Deactivated] @ BTC Markets on 17/02/2014 - 15:03
    -2

    Perhaps you might find this article an interesting read.

    http://www.cryptocoinsnews.com/2013/09/26/australia-gets-new…

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