Official CaVirtex.com Thread

[SgtMoth]

how about leaving all the shitcoins off CaVirtex, there are other exchanges where you can exchange them for btc/ltc.

[bitcoin carpenter]

I am saying this an an invester in cavirtex more than as a holder of BTC/BC
there are a lot of canadians in the blackcoin forum and there is a lot of volume
Cavirtex makes money off of volume not through some inherent belief that there should only be bitcoin.

besides I bet there are a lot of people coming here to buy and sell bitcoins only to trade them on mintpal for those so called shitcoins when they could be making more profit for cavirtex.

[SgtMoth]

maybe as an investor, you should be more worried about the btc walls that always go up.  Do you really think most people are going to use an exchange that some big trader is manipulating.  Do you think the volume is affected by this?  I dont trade there nearly as much as i used to and adding shitcoins isnt going to change my mind.

[Portnoy]

how about leaving all the shitcoins off CaVirtex, there are other exchanges where you can exchange them for btc/ltc.

+1

[cavirtex]

Was wondering if you guys are considering black coin
Other than its latest pump and dump it has been increasing at 5-10% per day with huge volume
It looks like a solid coin with a solid group of devs behind it.
No pre mine and all POS @ 1%
Last weekend during the pump it was doing 9000 btc trading days and has been averaging about 500 btc on normal days

Cheers

At the present time, we're not considering adding any more alt coins to CaVirtex.

That's not to say we wouldn't consider adding a particular coin in the future if it reaches critical mass.

[bucktotal]

maybe as an investor, you should be more worried about the btc walls that always go up.  Do you really think most people are going to use an exchange that some big trader is manipulating.  Do you think the volume is affected by this?  I dont trade there nearly as much as i used to and adding shitcoins isnt going to change my mind.

i think they stated they have partnered with a liquidity provider. the increased liquidity is preferred actually.

however, if i may rant a little...

from personal communications throughout 2013, I was told i was one of their biggest clients (traders) doing the >1200 btc/3 month volume required to get the low 1%! trading fee.

however, i recently decided to stop trading there. generally, the two main reasons were:

1) the 1-1.5% trading fee seems ridiculous for trading. i would certainly increase my volume to compensate for the lower fees, but currently the fee is prohibitive. In addition, the trading platform would get a 5/10 score from me. comparatively, its just poor and slow. Since they likely know these two things, together they make me feel like they do not want me trading there that much... so i have stopped.

2) as i asked above (to no reply), the withdrawal fee is 0.001. they state this is because of the client software. Well, as we know, 0.9 client was available many months ago. In fact, due to the recent heartbleed, they were forced to update their client as well. So, they are choosing to keep the fee at 0.001 instead of the industry wide standard of 0.0001 (or letting the client decide). In general, this is just troubling as this also leaves me wondering whether they are either A) unaware of the issue B) too lazy to solve it C) to incompetent to solve it, or D) purposely keeping it high... which would you prefer?

i do look forward to some/any changes being made so i can return to my previous volumes... if not, well i suppose thats why competition exists.

[SgtMoth]

I agree totally.  If I didnt need cash from time to time.  Makes me want to spend them, then to cash out.

[explorer]

I agree totally.  If I didnt need cash from time to time.  Makes me want to spend them, then to cash out.

Common theme.  Cavirtex is a safe Canadian way to get money in/out ,  but trading is done elsewhere.

[BitcoinBrains]

Someone is alleging that CaVirtex is trading on their own exchange.
http://www.reddit.com/r/Bitcoin/comments/23g30d/dear_regulated_exchanges_if_you_hold_coins/

Any comments on this? Has anyone heard anything about this?

[_mr_e]

Someone is alleging that CaVirtex is trading on their own exchange.
http://www.reddit.com/r/Bitcoin/comments/23g30d/dear_regulated_exchanges_if_you_hold_coins/

Any comments on this? Has anyone heard anything about this?

There should definitely be an official response to these concerns...

[billysweird]

I have been a customer of Virtex since the fall of 2011, and I must say that the service has been excellent. If there is one thing I would suggest in order to be a truly Canadian exchange is service in French. On another note is Virtex the oldest Bitcoin exchange worldwide that is still alive now that MTGox is dead?

this an interesting question. I will try to find the answer today.

Any luck on finding the answer to this, medicine?

VirtEx launched on on June 8, 2011.

I searched the net and I couldn't find any exchange older.  Vircurex started their bitcoin talk thread on October 22nd 2011, and BTC-e introduced there exchange here on the forum on Sept 2nd, 2011. On you FAQ page you mention "We launched the site in beta on June 8th, 2011."

There is a large but not exhaustive list here: https://en.bitcoin.it/wiki/Category:Exchanges

I didn't search through them all.  I am 100% there were no Korean exchanges at that time.  Other countries, I don't know.

Well canadian bitcoins / lightbox launched on july 8, 2011 so you have a month head start
I guess they made their thread here first to my knowledge before Btc-e and vircurrex

Seems pretty quiet in here! I think I may hear something.... Nope. Just silence.

[Bobsurplus]

Someone is alleging that CaVirtex is trading on their own exchange.
http://www.reddit.com/r/Bitcoin/comments/23g30d/dear_regulated_exchanges_if_you_hold_coins/

Any comments on this? Has anyone heard anything about this?

There should definitely be an official response to these concerns...

What do you care?? You're just gonna buy anything these guys tell you. You're a sheep!

Fake name,
business management manager.

[BitcoinBrains]

Wouldn't surprise me at all re: self-trades.

CaVirTex has been shoddy and sketchy as hell since day 1.

Why do say that, I've dealt with them pretty extensively and they've always seemed above board to me. 
I do think this needs to be addressed though.

[cavirtex]

We have identified, fixed and tested the issue with our Bitcoin wallet server imposing a fee of 0.0005, 0.0010 and 0.0015. As a result, we have lowered the fee to withdraw BTC from 0.0010 to 0.0005 BTC. Thank you for your patience while we looked into this.

[IamCANADIAN013]

Someone is alleging that CaVirtex is trading on their own exchange.
http://www.reddit.com/r/Bitcoin/comments/23g30d/dear_regulated_exchanges_if_you_hold_coins/

Any comments on this? Has anyone heard anything about this?

There should definitely be an official response to these concerns...

What do you care?? You're just gonna buy anything these guys tell you. You're a sheep!

Fake name,
business management manager.

Oh, it's you again.

Didn't you say you were gonna have them shutdown by now?  I'm just curious to see how your crusade is progressing.

As for the self trading accusations, I am also curious to see an official response from CaVirTex.

[freedomno1]

I think they have liquidity traders actually to deal with arbitrage but that's hired out to someone else
We have extensive, risk-based measures in place to facilitate frictionless trading in digital assets while preventing fraud, money laundering and other illicit activities. This is the only way we can ensure that our marketplace remains safe, accessible and fair for all Canadians.
https://www.cavirtex.com/why_virtex

[_mr_e]

http://www.reddit.com/r/Bitcoin/comments/23m1de/vault_of_satoshi_launches_full_public_proof_of

Lots of talk about people leaving Virtex lately... These guys are hot on your heels!

[bittydude]

http://www.reddit.com/r/Bitcoin/comments/23m1de/vault_of_satoshi_launches_full_public_proof_of

Lots of talk about people leaving Virtex lately... These guys are hot on your heels!

Yes and they withdraw to US bank accounts also...have a physical address here in Brantford,ON (1.5hrs from GTA)

Great opportunities if you can do a wire to BTC-e and arb the USD value for the 20$USD gap then further arb the 10% USD/CAD gap...huge potential, yet comes back to the issue of volume

[bitcoin carpenter]

http://www.reddit.com/r/Bitcoin/comments/23m1de/vault_of_satoshi_launches_full_public_proof_of

Lots of talk about people leaving Virtex lately... These guys are hot on your heels!

Yes and they withdraw to US bank accounts also...have a physical address here in Brantford,ON (1.5hrs from GTA)

Great opportunities if you can do a wire to BTC-e and arb the USD value for the 20$USD gap then further arb the 10% USD/CAD gap...huge potential, yet comes back to the issue of volume

I'm an investor in cavirtex.... though they keep delaying on delivering shares, and I'm upset enough at this point to leave them to rot...
VOS is my new home until cavirtex starts fulfilling it's promises

[eyebuyyourcoinz]

Can somebody please provide an update on this? When can we expect update and financials?

http://blog.cavirtex.com/page/5

Joseph David: "I do intend on paying a dividend once the company shows sustained growth and profitability, and will be providing the next dividend update as well as financials by Q1 2014."

Are you going to be going to the Expo next week on Toronto?

If so, this would be a great place to ask Joseph about a dividend update and financials.

I will also be discussing these with him and update this thread after the Expo.

_mr_e / cavirtex, was this question answered by Mr. David at the expo and if so, can it be shared here?