CampBX - Bitcoin

Alternatives to MtGox

More than 80% of all Bitcoin trading is done on MtGox. I think this centralization is harmful and people should start using other exchanges.
All currencies/More than one
US Dollar
Euro
Canadian Dollar
Polish zloty
If you have more exchanges or information I should add, feel free to name them.
submitted by Taenk to Bitcoin [link] [comments]

Barry Silbert: Wall Street to Put 'Hundreds of Millions' Into Bitcoin

submitted by dalelovescoin to Bitcoin [link] [comments]

What exchange do you use and why?

Can we have a level-headed discussion about which exchanges are trustworthy? The issue that I am facing right now as a Canadian is that cavirtex seems very transparent, there is no lag, relatively low volume, hasn't been part of any scam/hack (that I have heard of) but the transaction fees are too high (3%).
submitted by TNoD to Bitcoin [link] [comments]

Hi! I'm your next market. Here's why you scare me.

I believe I represent the next slice of the market for bitcoin. I'm 30-something, male, liberal, and tech savvy by broad societal standards (I rooted my android phone and had ubuntu installed on a laptop at some point). But I'm not a crypto-geek, I'm not a raging libertarian, and I don't do drugs.
I dialed up bulletin board systems (BBSs) back in the days before the internet, and bitcoin feels a bit like that did for me - something that seems like it could be really big but still somehow missing its potential.
Here's the problem. I haven't bought any bitcoins. Here's why:
  1. The slew of posts talking about "securing your wallet". A laptop with no hard drive? Live linux installs? "Disable all internet connections!" etc. Not to mentioin the stories that pop up of people "missing" bitcoins. I get it - online wallet's are not as secure but the work that goes into having a secure wallet on my deskstop seems to daunting. Solution: An online wallet with some guarantees.
  2. I can't spend it. I don't want to buy drugs. Every other place I can use bitcoin just instantly exchanges it for dollars. If that's the case, I'll just spend dollars. Yes, I get the anonymity thing - but frankly if I'm buying something and having it sent to my house I'm not anonymous anyway. Solution: make bitcoin purchases "special". Add some value to it that dollars don't have. Either a discount, or a "locked in" price or action figure. Something.
  3. Complexity of purchase. I figured I'd buy a few bitcoins to play around with. So far, I tried to open an account with Mt. Gox (still waiting verification) coinbase (couldn't buy coins) and now campbx (waiting for my dwolla transfer to go through). For a guy like me, going to the bank with cash in hand is not a solution - I need to be able to buy these things from my home and with the speed I'm accustomed to. Solution? Coinbase does it right (but verification needs to be faster), but they don't have the depth to sell. Someone needs to fill this void.
  4. Complexity of the system: Wait. There is my wallet, then there are "change wallets" that somehow live within my wallet? I can increase transaction fee to speed up transfer? I have seen so many posts that say "If you can't understand it, don't buy it". This is exactly the wrong mentality to bring something like this mainstream. It needs to be dead simple. Idiot proof.
Fix these things, and bitcoin can go mainstream. If not - I think we have another Prodigy (c) on our hands.
tl/dr: I'm a yuppie. Bitcoin is scary.
submitted by mcscreamy to Bitcoin [link] [comments]

An overview of my first month with Coinbase - the good, the bad, and the ugly.

If you're new to Bitcoin and considering Coinbase, this overview may be helpful in understanding the good, the bad, and the ugly with Coinbase. If you work at Coinbase, I'd appreciate you helping me to resolve Case# 48294. :) (scroll to bottom for UPDATE)
  1. About three weeks ago, just before our wedding (woot!), my wife and I made two bitcoin purchases with Coinbase - one was with BTC at ~$240 and the other ~$265. To do that, I automatically verified my eTrade account, and made two purchase orders. I was very happy with the ease at which everything seemed to flow... they've got a great interface.
  2. A few days later, our first purchase was rejected due to what Coinbase called an R26 error with my bank. It took Coinbase support 3 days to get to me. When they did, they explained the error was because they believed I hadn't put my name in my banking information. They put the purchase through at the purchase price (good on them!), and said we should be good to go!
  3. A week later, our second purchase was rejected - this time due to being "high risk". After some snooping, I realized it wasn't my bank name that ever had a problem, but my actual username was labeled "new user" even though I had entered - and verified - all of my personal information (including my name). I changed the username and notified them via support.
  4. About 72 hours later, Olaf (support person) got back to me, looked through all of my account, whitelisted it, promised to push through the second transaction at the original purchase price, and said there'd be no more problems. Yey... and again, good on Olaf and co.!
  5. A day later, true to Olaf's words, I received my bitcoins!
  6. Four days after that, I received an early morning email from Coinbase saying that due to another R26 error (the one that had supposedly been fixed weeks before), my bank transfer didn't go through. So... Coinbase reversed the transaction and sold itself back my bitcoins - all automatically, I imagine.
  7. I wrote to Coinbase immediately, and got a quick (6 hours later) email from Rees (another support person), explaining that the issue was rare, asking for me to check my bank connect another account, and do some other things that could help the problem get resolved. [To be clear... none of the problems were my fault... or customer created].
  8. I did all he asked, and had written back to him within minutes. Coinbase now has 2 bank accounts and a credit card that they can charge to get me the bitcoins that I purchased now three weeks ago. Unfortunately, after a week I still haven't gotten a response!
  9. I've tried every support avenue - email, writing to the forum, Twitter. Still no response to Case #48294. I will continue to trust that they will honor the purchase that I made three weeks ago, and get things done, but the sheer amount of stress the waiting has caused has been hard for my wife and me.
Conclusion: Coinbase has a lot going for it - a great interface, model, and implementation. They also appear to have smart, nice customer service people who (so far) have done the right thing... when they've gotten back to us. But three weeks of waiting for my wife and me - and so much stress & pushing to get any kind of response and resolution - has been really hard for us, and makes our long-term future with organization not entirely clear.
UPDATE: !! Olaf from Coinbase got back to me! He said that the second problem had to do with the earlier name error still existing in the system when they retried the eTrade payment. He asked me to make another purchase of equal value, and then they'd credit the difference in BTC when I write back to them (so that I'll still get my bitcoins at the purchase price. Again, good on them!). I've just put the purchase through and written back to Olaf and support, so we'll see how long it takes to have this finally resolved. I'm grateful to finally have communication again, and hopefully this time be close to resolution. We'll see!
submitted by avanoo to Bitcoin [link] [comments]

Why are the bitcoins prices different on each exchange?

submitted by minerscentral to BitcoinMarkets [link] [comments]

Best way to convert BTC to USD?

I've been buying and selling BTC in Mt. Gox for a while. I need to turn my BTC into USD to pay for a new computer. Since Dwolla is now defunct what is the best way to get USD? Should I use a bank transfer from Mt. Gox or should I move my bitcoins elsewhere to sell?
submitted by weehooherod to Bitcoin [link] [comments]

Least expensive means to withdraw USD to a US bank?

I'm new to the bitcoin game, but I've been doing my homework. Right now, I'm mainly interested in using bitcoin trading as a means to remit money from a Japanese bank account to a US one. Kraken works fine for the Japanese side, but can only do SEPA transfers for fiat currency. And on the US side, Coinbase is incredibly easy and fast. But their 1% fee is going to be painful if I start sending larger amounts. At much above US$2000, the Japan Post remitting service becomes more economical (though less convenient). So I'm looking for something with less of a fee.
Through searching the threads here, I saw that CampBX was recommended as a US-based exchange. And it did indeed look promising, offering ACH transfers to US banks for only US$2 each. But after signing up and going to the transfer page, I see that they have suspended ACH and wire transfers indefinitely until they find a new banking partner. Sadly, this seems to be the trend for any exchange offering transfers in the US.
Is that it, then? No cheap transfers out of an exchange to a US bank? I'm hoping there's something out there, exchange or otherwise, that can beat the 1% fee I'm paying with Coinbase.
EDIT: Speed and convenience are less important to me than expense, but obviously security is essential as well.
submitted by cbunn81 to Bitcoin [link] [comments]

Bitcoin needs a futures market just as much as it needs a distributed exchange

TLDabstract: merchants need a way to hedge bitcoin inventory to avoid having to endlessly transact tiny amounts sent by customers to avoid the volatile exchange rate. This solution already exists, it's called a futures contract. I think this is just as important as all the concerns over the quality of the currency exchange we now have.
OK here's a quick overview of the idea of a futures market for those not in the know; if you are, just skip down a couple of paragraphs.
I should preface all this by saying I am not an expert in futures, so if anyone wants to correct any details that's great.
Futures markets originated as a solution for sellers of agricultural produce, e.g. corn. First, what problem are futures designed to solve: if you are a producer of corn (farmer), you can encounter the following scenario. In year 1, you plant X acres and find that the market price is very high, $Y, when you go to sell your corn at the market (due to some unexpected bad weather). You're happy because you make a good profit that year. Next year, you plant more crops, requiring more investment, but that's fine, because the profits will be good. Unfortunately due to unexpectedly huge supply and surprisingly little bad weather (weather is always a total wildcard, even today we can't predict it more than a few days out), the price is now $Y/2 and we already spent, say, an extra $Y/4 this year on extra planting 2X crops(OK, I don't know about farming, so sue me). You lose a ton of money. Maybe if you were very careful, you can anticipate this kind of swing in fortunes, but that's really tough to do.
So there's the problem. What's the idea of futures? It's simply this: at the very time you decide how much crop to plant, LOCK IN the CURRENT BEST GUESS of the what the price of the corn will be when you deliver it to market. If the price then soars, it's true you've lost out on an opportunity to make a bundle, but equally if the price plummets, you still got a decent price, so you have avoided trouble. Notice how in this way it feels a bit similar to insurance, but also notice that it absolutely is not the same structure as an insurance contract, which has a completely asymmetric payoff. Futures are more like direct buying and selling, with a time offset, but insurance (and lotteries, and options) have an additional component of asymmetry (big potential reward and low potential loss or vice versa, with compensating probabilities).
So after the intro, why do I say this is very important? Because the problem faced by the online merchant currently thinking about offering the bitcoin payment method is basically exactly the same, just with one additional layer. Merchant M wants to sell widget W to the general public over the internet, but he doesn't want to pay bank/paypal etc. fees. Customer C wants very much to buy W from M, and would prefer the elegance of bitcoin payment also.
M investigates and finds that he can try to remove the volatility of bitcoin from the equation by using a payment processor like bitpay so the price is always effectively in the more stable USD (or EUR or whatever). But M plans on having thousands of customers and perhaps 10s or 100s of transactions each day. He thinks a little and realises that bitpay is not enough. Each day he will be storing an INVENTORY of bitcoins. He can't immediately convert all his bitcoins received to USD, not just because exchanges are flaky but because to do that quickly will involve paying exchange rate spreads and transaction fees. To fulfil the promise of bitcoins - very low cost monetary exchange over the internet - he needs to keep his BTC-USD transfers to a reasonably low frequency. But keeping an inventory of BTC exposes him to large fluctuations in the value of BTC over time. And he doesn't want that because his business is selling Ws, not currency speculation.
The BTC/fiat futures contract solves that problem for him in exactly the same way as the Corn/fiat futures contract (which you can find today on CME under code ZC IIRC) does for farmers.
He goes out and sells X units of BTC/USD (not spot, not actually selling BTC, but selling the futures contract), expiring in 1 month let's say, where X is his estimate of his built up inventory. The contract says that the seller is obliged to deliver to the owner, on the date of expiration, the denoted amount of bitcoins for USD at the agreed price.
Here is a concrete example in case it isn't clear: M expects to receive 1000 bitcoins from customers over the next month. Today is 1 May and he therefore sells 1000 units of the BTCUSD contract expiring 31 May. Note that the price of that contract may turn out to be a little different than the current "spot" (actual) price of the bitcoins bought RIGHT NOW at an exchange (this differs for different futures markets, it would have to be thought about for BTC, I guess there may be no difference at all actually). The important point is that by doing this he is not speculating on BTC prices - just the opposite, he's hedging them; if BTC goes up during the month, he loses money on his futures contract, but he gains just as much on his inventory. If BTC goes down, vice versa.
Last, very important point: all of this DOES require functional BTC/USD exchange (it can still be a bit laggy, slow and even can be a bit expensive in transaction fees - that's OK, because this model reduces the frequency of transactions dramatically). But we still need exchange prices to set as a REFERENCE price for the expiration of the futures contract. E.g. the futures contract will be settled on May 31 00:00:00 USING THE BEST BID/OFFER available from the following list of exchanges: MtGox, bitstamp, campbx etc. (the wording can vary according to what people agree on).
So finally I agree that distributed exchange is really necessary - let's not forget that something very similar already exists in the stock market, where a bunch of different exchanges are competing in a quasi-free market for order flow (heck, they sometimes even PAY traders to make orders, i.e. negative transaction costs...). But good exchanges will not solve the merchants problem. He needs to hedge.
submitted by waxwing to Bitcoin [link] [comments]

[PSA] Cash trading guide: Bitcoin

Bitcoin is a good way to transfer money online. However, it's significantly from traditional payment processors such as PayPal in that it's decentralized. But what does this mean?
Bitcoin is not a payment processor. Bitcoin is a currency, it is a network, it is a system. There is no "bank of Bitcoin", and Bitcoins are not US Dollars. When you transfer Bitcoins, you're not transferring USD or any other fiat currency, you're transferring Bitcoins.

What are the advantages?

When compared to PayPal, Bitcoin has a number of advantages:

What are the disadvantages?

There are only a couple of disadvantages:

What is one Bitcoin worth?

A good Bitcoin conversion rate is located here.

How does it work?

There's a good video at weusecoins.com.

So how do I trade TF2 items for Bitcoin?

To get started, you're going to need a Bitcoin wallet. You can either download a client application on your computer or use a web-based service. My service of choice is Blockchain.info. If you sign up there, your wallet is encrypted with your password. They don't have access to your money, but if you forget your password, all of your money is gone forever.
Once you sign up, you should be taken to a screen that looks like this. The important thing to note is the jumble of numbers and letters in the center of the screen. This is your address. You'll share this address with people in order for them to send you coins. Think of it as an account number. You can create as many addresses as you want per wallet, but for the sake of simplicity, we'll stick with the one.
In order to get Bitcoins into your wallet, you can either have someone send some to you (sell something) or buy some from an exchange. Mt.Gox is one of the most popular. I personally prefer Camp BX.

Getting Paid

Once you're ready to sell an item and you know how much BTC you want to get paid, just give the buyer your Bitcoin address. They'll send their coins to your address and you'll see the transaction on the "Transactions" tab of your wallet. This is very important: Note the "confirmations" that should be displayed by the transaction. When a payment is fresh, it is "unconfirmed". That is, nobody in the network has picked it up yet and declared that "This is a valid transaction." While a transaction is unconfirmed, there is a very small chance that the buyer will be able to "double-spend" the money, preventing you from getting it. This is a guide of how many confirmations you should wait for before considering the money "yours":
Transaction Volume (USD Equivalent) Confirmations
< $10 0 - 1
$10 - $25 1 - 2
$50 - $75 3 - 4
$75 - $100 4 - 5
$100 - $150 5 - 6
> $150 6
I just made these numbers up, it's up to you to come up with your own trust plan.
The more confirmations a transaction has, the less the risk of a double-spend. 3 transactions is usually enough to ensure the funds, but 6 is the generally accepted verification number. Each confirmation takes about 10 minutes, so waiting for the full 6 confirmations will take about an hour. If a trader has large amounts of reputation, it's reasonably safe to accept lower numbers of confirmations.
When sending coins, you have the option of paying a fee. The buyer always pays the fee, but they may choose to pass it along to the seller by sending less coins (if both parties agree, of course). The fee is entirely voluntary, but highly recommended. The amount of the fee is determined by the buyer. The higher the fee, the quicker the transaction is confirmed. The recommended fee is 0.0005 - 0.001 BTC (currently $0.05 - $0.10). For a larger transaction, you should generally pay a higher fee (but it will always be cheaper than PayPal!).

Converting to Fiat

You can convert your Bitcoins to fiat currency (traditional money) at a Bitcoin exchange. See the last paragraph of the "So how do I trade TF2 items for Bitcoin?" section.

Staying Safe

PayPal is safer on the buyer's side, while Bitcoin is generally safer on the seller's side. However, by taking the necessary precautions, it's possible to make it safer for both sides. Standard cash trading rules apply. Those with more reputation should generally go first in a transaction. Middlemen are also highly recommended for high-volume transactions. With PayPal, the buyer has the dispute system to fall back on if they don't receive the items. This is not true with Bitcoin, so make sure that you're trading with someone who's very reputable.
Bitcoin addresses are entirely anonymous. There's no "verified" status like PayPal has. Ensure that the person you're trading with is trustworthy. Look for the traditional signs of a scammer: fresh Steam account, low number of items in their backpack (except for the high-value ones they're selling), low hours of TF2, no reputation, private backpack. These are all signs that you may be dealing with a scammer's alt. You may also wish to take into consideration the user's Steam Level. A user with a higher Steam Level has invested more into their Steam account and is therefore less likely to risk it by conducting a scam.

Additional Help & Information

/Bitcoin is there to answer any questions you may have about Bitcoin!
submitted by Doctor_McKay to tf2trade [link] [comments]

Mt. Gox & OKPay = Garbage; If You're In The US

I've been using Bitcoin since mid-2010, starting with Dwolla and CampBX but eventually being lured into the big Gox. Gox was (early 2011) pretty cool, not really for features, but because of the traffic and heavy trading.
Then Mt. Gox shit the bed, and got their Dwolla withdrawal method revoked.
No biggie, I can just use one of the other methods. Shouldn't be a problem, right? OKPay, this seems good. Probably better than the ¥2000 wire transfer fee at Gox right?
Fuck.
Here's the breakdown of how I hemorrhaged cash during one of my transfers:
So I started with $498.79 and ended up with $411.70 in my checking account, a net loss of $87.09 (17.5%). This tells me three things: OKPay is shit if you're in the states, I should have used the Mt. Gox wire transfer, better yet, I should have transferred my Bitcoins to sell on CampBX and use Dwolla for fucking $0.25 and avoid the whole catastrophuck.
To summate, Mt. Gox = Idiot Douchers (nothing new), OKPay = Fuck America, CampBX = Saving Mt. Gox Refugees, Dwolla = The Way.
I wouldn't mind hearing from some people (probably in the EU) who've had a decent experience with OKPay, utilizing an expansive selection of money transfer services that were unavailable to this particular Yank.
submitted by tamnoswal to Bitcoin [link] [comments]

Turned Litecoins into Cash, here is a rundown of my method.

As an experiment, I wanted to see how to turn some litecoins into cash. I will run down all the fees and transactions that took place. Total time was about 60 minutes (not counting ACH deposit). My goal was to withdraw $50.00.
  1. I sent 14.3 LTC (valued at $3.5 USD, to equal $50) to BTC-E.com account. It arrived in my BTC-E.com account in about 5 minutes (no transaction fee out of Litecoin Wallet) (14.3 LTC)
  2. I converted my LTC into BTC, which cost me .1 LTC and was an instant transfer. (.449 BTC)
  3. Next, I withdrew my BTC to my CampBX account, took 60 minutes and cost me .01 BTC. With rounding error it deposited .438 BTC into my CampBX account. (.438 BTC)
  4. Sold my BTC at CampBX for its market value, which had gone up a dollar or two in the time it took to get to this point. $50.15
  5. Finally, deposited $50.15 into my checking account through ACH, this will take a day or two and cost me $2.
So I end up with $48 cash, took me about 60 minutes to accomplish but then you have to wait a day or two for the ACH to go through. If the price of Bitcoin had gone down during that time I think I would have started with a $50 value and been down to $45 or so.
I think I could end up having BTC transfer the cash to my account, if you trust them, I went with CampBX because they are located in the U.S.
The biggest hit came with the $2 ACH transfer to the bank account, but given that most people withdraw larger amounts this wouldn't be such an issue. Bitcoin really slowed down the process and CampBX took a while to credit my account.
submitted by treetop82 to litecoin [link] [comments]

It's been since Jan 31st and no update still from CampBX.

On January 31st, CampBX posted this:
Our ACH and WIRE provider has made a business decision to not work with Bitcoins and Bitcoin companies due to regulatory uncertainty and recent spate of negative news for Bitcoins. We are working to find a replacement partner and resume these two services for our customers. In the meantime, please use alternate deposit or withdrawal methods available on CampBX. ­ All transfers that have not yet been processed by our ACH and WIRE provider will be refunded to your CampBX account before 5 PM EST on Saturday, February 1 2014. Our team will be working round the clock to ensure all refunds are processed correctly and on schedule. All USD and BTC balances are accounted for. If you are in urgent need of funds, we recommend you to purchase Bitcoins and withdraw them to your personal wallet. We will resume ACH and WIRE operations once we have a new partner on-board. We will update this page and our news feed as soon as we have additional information about a tangible implementation date. ­
There is still no update from them. I don't have any coins there now but they have been the site I've always used for exchanging BTC to FIAT. I have some coins I want to sell, but I don't want to pay the 20 dollar USPS mail order fee, when do you guys think ACH will be resumed?
submitted by dsf190 to Bitcoin [link] [comments]

Anything exchange like Coinbase or even Campbx but faster for the US?

I should mention that I'm in the US so I'd prefer a US based exchange as I don't want to deal with wire transfers and all. I used to use Campbx with Dwolla until Dwolla stopped doing bitcoins business.
Now I do have Coinbase but I don't like how it takes 4 business days to get my bitcoins when I don't even know what the market will be like then. Are there any exchanges similar to Coinbase/Campbx where I can just use my bank account, not have to deal with exorbitant fees and I know my money is safe and not in some shady exchange.
Edit: I know localbitcoins is an option but Id rather not use it if possible.
submitted by mitman to Bitcoin [link] [comments]

CampBX makes me butthurt (who's right here?)

Update: I asked the tech for a specific quote on the time/cost to recover these 3 bitcoins. Here is his response for anyone that might be interested:
"Dear [forwhat_itsworth], The sys admin usually takes 2-4 hours of billed time to recover BTCs sent to expired address or pooled addresses. The time is billed at $120 per hour."
I am dissapoint :|
Most aggravating situation yet. Does anyone mind weighing in (I haven't sent a response yet)? I know this is a wall of text but I would really appreciate some other opinions.
[forwhat_itsworth] User Posted on: 26 July 2013 09:06 PM Hello,
I'm sure I'm not the only person that has come up to your service desk with this issue, but basically I sent 3 BTC from my original CampBX Bitcoin address (1PptzuZXBs2QApiMWEFfhw6PiHa9fuHciT) to the Bitcoin app on my phone (13QqqRCtRyD5JyFCVXjdRKokFStuGbf7iU), which was successful. I then sent the Bitcoins back to my CampBX address (after the local trade I was going to go through with didn't happen), but they never arrived. I quickly realized that this address could have expired and that I am an idiot. This all happened on 7/23/13. I am hoping against hope there is some way to recover the private key to this wallet and recover the 3 Bitcoins that are within. Please advise.
Sincerely, [forwhat_itsworth]
[forwhat_itsworth] User Posted on: 31 July 2013 02:55 PM
Please advise, I have yet to receive a response or update on this ticket.
Sincerely, [forwhat_itsworth]
On Fri, Jul 26, 2013 at 5:06 PM, Camp BX [email protected] wrote:
[forwhat_itsworth],
Thank you for contacting us. This is an automated response confirming the receipt of your ticket. One of our agents will get back to you as soon as possible. For your records, the details of the ticket are listed below. When replying, please make sure that the ticket ID is kept in the subject line to ensure that your replies are tracked appropriately.
*Ticket ID: *[ticketID] *Subject: *lost bitcoins (expiry) *Department: *Bitcoin Transfer *Type: *Issue *Status: *Open *Priority: *Urgent
You can check the status of or reply to this ticket online at: [link to ticket]
Kind regards,
Camp BX
Support Center: https://campbx.kayako.com
[forwhat_itsworth] User Posted on: 03 August 2013 03:46 PM
I submitted a ticket regarding an issue with one of my wallet addresses 8 days ago using the CampBX ticket system. I still have yet to receive anything other than the initial automated response. Please contact me about the following ticket:
*Ticket ID: *[ticketID] *Subject: *lost bitcoins (expiry) *Department: *Bitcoin Transfer *Type: *Issue *Status: *Open *Priority: *Urgent
Sincerely, [forwhat_itsworth]
On Wed, Jul 31, 2013 at 10:55 AM, [forwhat_itsworth] <[forwhat_itsworth]>wrote:
Please advise, I have yet to receive a response or update on this ticket.
Sincerely, [forwhat_itsworth]
On Fri, Jul 26, 2013 at 5:06 PM, Camp BX [email protected] wrote:
[forwhat_itsworth],
Thank you for contacting us. This is an automated response confirming the receipt of your ticket. One of our agents will get back to you as soon as possible. For your records, the details of the ticket are listed below. When replying, please make sure that the ticket ID is kept in the subject line to ensure that your replies are tracked appropriately.
*Ticket ID: *[ticketID] *Subject: *lost bitcoins (expiry) *Department: *Bitcoin Transfer *Type: *Issue *Status: *Open *Priority: *Urgent
You can check the status of or reply to this ticket online at: [link to ticket]
Kind regards,
Camp BX
Support Center: https://campbx.kayako.com
[forwhat_itsworth] User Posted on: 09 August 2013 03:54 PM
I have not received any contact or update for this issue. It has now been 14 days. Please help.
[forwhat_itsworth]
Camp BX Support Staff Posted on: 09 August 2013 08:47 PM
Dear [forwhat_itsworth], Did you send the Bitcoins back to your "From" address 1PptzuZXBs2QApiMWEFfhw6PiHa9fuHciT? "From" addresses belong to a shared pool and there is no way to tracking the amount back to your account as it gets mixed up with all other user accounts.
Thank you, CBX Support
[forwhat_itsworth] User Posted on: 10 August 2013 02:31 AM
I don't understand how you could claim that there is no way of tracking this. It is quite easy: https://blockchain.info/address/1PptzuZXBs2QApiMWEFfhw6PiHa9fuHciT
[forwhat_itsworth] User Posted on: 16 August 2013 03:32 PM
Please assist. It has been another week. I desperately need these 3 bitcoins.
Thanks, [forwhat_itsworth]
[forwhat_itsworth] User Posted on: 23 August 2013 02:00 PM
Please assist me in recovering these 3 bitcoins. You can clearly see the trail of what happened via the blockchain: https://blockchain.info/address/1PptzuZXBs2QApiMWEFfhw6PiHa9fuHciT
Please see the previous posts for details and don't hesitate to reach out to me with any questions. It has been 4 weeks now.
Camp BX Support Staff Posted on: 23 August 2013 02:41 PM
Dear [forwhat_itsworth], Whenever you need to transfer BTC, you have to go to CampBX Transfer->Bitcoin page and generate a fresh deposit address. This address is tied to your account, and any deposit sent to it will be credited instantly.
I can see that you sent 3 BTC to address "1PptzuZXBs2QApiMWEFfhw6PiHa9fuHciT". This is NOT a valid receipt address for your account. It is a shared address from a CampBX outbound pool, and we have no way of associating deposits sent to this address to your account.
I am afraid your 3 BTC are lost for good. Please read FAQ and follow instructions carefully to avoid losses like this in future.
Thank you, CBX Support
[forwhat_itsworth] User Posted on: 23 August 2013 03:01 PM
Thank you for your prompt reply. I do understand why this policy is in place, and it does make sense as a best practice, but the issue is that it was not clearly announced, and I had no way of knowing that my previously functioning address would suddenly stop working. I clearly sent bitcoins FROM this address, and then back TO this address, before realizing I no longer had access to it. I cannot find the exact date that this policy was implemented but I would think I made this transfer within 5 days of it being put in place. I am desperate here. 3 BTC may not seem like a lot but to me it is a very large amount of money that I cannot afford to simply lose because of a new policy that was suddenly put into place. Through the tracking I think it is quite clear that although this receipt address is no longer valid for my account, it once was, and is clearly related to a transaction I initiated. I am begging for you help here. I have very much appreciated CampBX's services thus far but this is a very aggravating situation that I am asking for your help with.
Sincerely, [forwhat_itsworth]
Camp BX Support Staff Posted on: 23 August 2013 03:37 PM
Dear [forwhat_itsworth], We understand your concern - this is not a policy issue, it is a technical issue (for almost all major Bitcoin websites). FROM addresses are plucked from a shared pool to minimize risk and fees, while TO addresses are generated specifically for user wallets. FROM and TO addresses have no correlation with each other.
The Bitcoins you sent would be mixed with hundreds of other transactions, and it will takes 3-5 hours of work to untangle and recover. We can bill out our sysadmin to you, but financially it will not make any sense because admin billing rate is $120 per hour.
Hope this helps.
Thank you, CBX Support
[forwhat_itsworth] User Posted on: 26 August 2013 05:07 PM
Thank you for your response. I understand how addresses work, and I do see the reasoning behind the internal CampBX 'laundry machine' of addresses to keep them anonymous and secure.
I have read in many forums and social platforms of similar incidents to this, where customers such as myself had a much quicker response by publicly posting the issue to Reddit.com or the CampBX Facebook page. I would prefer not doing this but this is becoming quite aggravating. I don't need a sysadmin to look at the blockchain. I can do that myself, and so can you.
If CampBX is unwilling to give me the 3 BTC's that I sent back to my previously functioning exchange address which my access was removed from with no notification other than a small line of red text and a FAQ that was just recently added on this topic within days of myself creating this ticket (I was unable to find the date/time this was introduced either on your site or publicly posted, please advise) I am sorely disappointed.
I'm sorry if I sound hostile here. I am simply frustrated. I have so far had excellent experience with CampBX and plan on extensively using their services in the future. I have given you every bit of patience and reasonable evidence I can provide to prove that this was my previously functioning address. If I still had the original bitcoin app on my phone I would simply send a small amount of bitcoins to this 1PptzuZXBs2QApiMWEFfhw6PiHa9fuHciT address to prove previous ownership of both of the addresses involved in these transactions, but I have since removed it due to an Android vulnerability.
It is simply unbelievable that there is no internal auditing system to correlate internal addresses' usage upon given time frames. I imagine that this will be addressed in the future as more issues such as this arise. My hope would be that even without this internal automated auditing system already in place you will be able to recover the 3 BTC's in question to my CampBX account.
Sincerely, [forwhat_itsworth]
Camp BX Support Staff Posted on: 30 August 2013 06:33 AM
[forwhat_itsworth], I think you might have misunderstood my previous reply here, so let me try to clarify.
Your lost deposit has nothing to do with expiring addresses, red print, or FAQ changes that happened on July 15th. You returned your Bitcoins to a "FROM" address. This is simply not supported by CampBX. Any Bitcoins returned to "FROM" address 1PptzuZXBs2QApiMWEFfhw6PiHa9fuHciT are lost and cannot be accounted for by our system.
Thank you, CBX Support
submitted by forwhat_itsworth to Bitcoin [link] [comments]

USD in MtGox. Anyway to calculate withdrawal fees for INTL Wire Transfer?

I have around 50btc worth of USD on Mtgox. Currently I see 3 options to withdrawing the usd back into my US Bank account.
1) MtGox intl wire transfer. There's a 2000 yen service fee, but I have no idea how to figure out intermediate bank fees. Are these fees usually a flat rate or a % charge?
2) Rebuy bitcoins and immediately sell on coinbase. Roughly 1.5% fee since my trading fee on mtgox is 0.5, and coinbase takes 1.0%.
3) Trade bitcoins to campbx, sell and transfer to dwolla. This seems the least reasonable right now since campbx is trading for 4-5% LESS than mtgox. I would lose almost 300$ if I were to sell coins for 5% less.
Anyone know how intl wire transfers work from mtgox back into BoA or Chase checkings? Trying to figure out if option 1 or 2 will be more ideal.
submitted by wheyjuice to Bitcoin [link] [comments]

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Client is required to provide all KYC documentation if their daily transfer values exceeds $100 per day in/out of their CampBX account, or their Bitcoin + USD combined account value exceeds $1,000, or their combined monthly trade volume value exceeds $3,000, or their account is selected for review by CampBX compliance team. Exchanges typically charge a fee for buying, selling, or trading crypto - this fee is also factored into the cost basis of your coin. Consider the above example - if you paid $6,500 for 1 BTC and you were charged a $100 fee, your cost basis would be $6,600. Capital Gains & Capital Gains Tax " CampBX is the oldest Bitcoin company in USA, which has been in continuous operation since March 2011. 19.6% of all Bitcoins in existence today have been traded through CampBX Bitcoin Trading Platform. CBX platforms has 60,000+ traders supported by a team of 7 engineers and help-desk professionals. 1.0 BTC unconfirmed transfer from CampBX to Bitstamp since 2/27/2017 (self.Bitcoin) submitted 2 years ago by spacetime2 I transfered 1.0 BTC from CampBX to Bitstamp on 2/17/2017 and still not receive it. I thought I'd test bitcoin vs my UK bank's (Barclays) international money transfer to weigh the benefits. A while ago I sent £100 from my British bank account to my US account, I was charged an international transfer fee by Barclays (£25), a processing fee by Chase bank ($10) and also a deposit fee ($10).

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