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Offline coinomat

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BitUSD and BitEUR is integrated in Coinomat.com platform
« on: June 20, 2015, 09:35:00 PM »

Bitshares was the winner of May voting for new coins at Coinomat.com. Now BitUSD and BitEUR exchanges are live, you're welcome to transfer  your Bit assets to/from your bank account, your Visa/Master card, also we offer a custom debit card.  We exchange BitUSD and BitEUR to all fiat crypto and e-currencies on our platform.
http://coinomat.com

Offline xeroc

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Re: BitUSD and BitEUR is integrated in Coinomat.com platform
« Reply #1 on: June 21, 2015, 03:50:23 AM »
How are you doing this exactly? What is the spread? do you "trade" in the BitShares DEX?
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu

Offline coinomat

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Re: BitUSD and BitEUR is integrated in Coinomat.com platform
« Reply #2 on: June 21, 2015, 08:52:50 AM »
How are you doing this exactly? What is the spread? do you "trade" in the BitShares DEX?
We deal only BitUSD and BitEUR to fiat for now, the fee is not big, 1-3% depending on the exchange direction.
Withdraw some BitUSD to your bank card and see for yourself :)

Offline coinomat

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Re: BitUSD and BitEUR is integrated in Coinomat.com platform
« Reply #3 on: June 22, 2015, 08:24:20 AM »
Not seeing much traffic yet, don't you guys need Bitshares to fiat transfers? :)

Offline cass

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Re: BitUSD and BitEUR is integrated in Coinomat.com platform
« Reply #4 on: June 22, 2015, 08:44:56 AM »
Not seeing much traffic yet, don't you guys need Bitshares to fiat transfers? :)

https://www.ccedk.com/nanocard  ;D
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Offline coinomat

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Re: BitUSD and BitEUR is integrated in Coinomat.com platform
« Reply #5 on: June 22, 2015, 08:50:34 AM »
Not seeing much traffic yet, don't you guys need Bitshares to fiat transfers? :)

https://www.ccedk.com/nanocard  ;D
is it already live?


Offline coinomat

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Re: BitUSD and BitEUR is integrated in Coinomat.com platform
« Reply #7 on: June 22, 2015, 08:59:13 AM »
We are live though :)
Not seeing much traffic yet, don't you guys need Bitshares to fiat transfers? :)

https://www.ccedk.com/nanocard  ;D
is it already live?

no. and it won't start with bitusd/eur at first, only bitcoin.

Offline Riverhead

Re: BitUSD and BitEUR is integrated in Coinomat.com platform
« Reply #8 on: June 22, 2015, 03:16:46 PM »
Bitshares was the winner of May voting for new coins at Coinomat.com. Now BitUSD and BitEUR exchanges are live, you're welcome to transfer  your Bit assets to/from your bank account, your Visa/Master card, also we offer a custom debit card.  We exchange BitUSD and BitEUR to all fiat crypto and e-currencies on our platform.
http://coinomat.com

Thanks for posting! Checking this out now.
BTC/MUSE Bridge! Buy REAL MUSE!  https://metaexchange.info/markets/MUSE/BTC

Offline Riverhead

Re: BitUSD and BitEUR is integrated in Coinomat.com platform
« Reply #9 on: June 22, 2015, 03:34:43 PM »
How are you doing this exactly? What is the spread? do you "trade" in the BitShares DEX?

From what I've seen the spread from bitUSD -> Visa/Mastercard is 3% + $5 fee. The fee to go from wired USD to bitUSD is $0 with 0% spread.

They do have a bitUSD account on the Bitshares blockchain so bitUSD can be sent directly.

 Please, send BitUSD to account coinomatcom
 Set transaction comment to: T-22920-dee9

Their business is mostly centered around NXT but I love the branching out to work with new technologies.

The CCEDK relationship introduced by the core team is great, and needs our support, however I believe that Coinomat is deserving of our support as well. It was a community effort to get us integrated into their service. Having more than one fiat gateway is essential.
BTC/MUSE Bridge! Buy REAL MUSE!  https://metaexchange.info/markets/MUSE/BTC

Offline BunkerChain Labs

Re: BitUSD and BitEUR is integrated in Coinomat.com platform
« Reply #10 on: June 22, 2015, 03:40:48 PM »
How are you doing this exactly? What is the spread? do you "trade" in the BitShares DEX?

From what I've seen the spread from bitUSD -> Visa/Mastercard is 3% + $5 fee. The fee to go from wired USD to bitUSD is $0 with 0% spread.

They do have a bitUSD account on the Bitshares blockchain so bitUSD can be sent directly.

 Please, send BitUSD to account coinomatcom
 Set transaction comment to: T-22920-dee9

Their business is mostly centered around NXT but I love the branching out to work with new technologies.

The CCEDK relationship introduced by the core team is great, and needs our support, however I believe that Coinomat is deserving of our support as well. It was a community effort to get us integrated into their service. Having more than one fiat gateway is essential.

Thanks for looking into it... I agree.. the more choices we have the better the market will be.

I don't consider 3% a low fee though. That is more than even my bank credit card will charge for a fiat conversion charged to my credit card. Nonetheless, it's one more way to get crypto into the real world.. so lets go.
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Offline Riverhead

Re: BitUSD and BitEUR is integrated in Coinomat.com platform
« Reply #11 on: June 22, 2015, 03:52:50 PM »

I don't consider 3% a low fee though. That is more than even my bank credit card will charge for a fiat conversion charged to my credit card. Nonetheless, it's one more way to get crypto into the real world.. so lets go.

I consider it quite low when compared with to cost and hassle of other options of going from bitUSD to spendable USD.

bitUSD->BTC->Coinbase/bitPay/Whatever->Bank.
BTC/MUSE Bridge! Buy REAL MUSE!  https://metaexchange.info/markets/MUSE/BTC

Offline tonyk

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Re: BitUSD and BitEUR is integrated in Coinomat.com platform
« Reply #12 on: June 22, 2015, 05:58:29 PM »
How are you doing this exactly?

I am still waiting for the answer...
If it is not clear - do you buy bitUSD and then offer it for sell? or Do you use some exchange (which one?) to buy at the time someone places a buy/sell bitUSD order?

Lack of arbitrage is the problem, isn't it. And this 'should' solves it.


Offline coinomat

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Re: BitUSD and BitEUR is integrated in Coinomat.com platform
« Reply #14 on: June 23, 2015, 11:35:40 AM »
Yes sure, all orders are mirrored at exchanges, to hedge volatility.
How are you doing this exactly?

I am still waiting for the answer...
If it is not clear - do you buy bitUSD and then offer it for sell? or Do you use some exchange (which one?) to buy at the time someone places a buy/sell bitUSD order?

 

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