FYB-SG

A currency exchange which operates a BTC/SGD market based in Singapore.

Contents

Trading

Buying/selling

You specify the quantity of Bitcoins you wish to buy/sell at a price.<br> Once you have submitted a trade, the following chain of events take place : <br>

1. FYB will try to fill your order with other pending orders at the same or better price than you indicated.<br> In other words if you try to buy 1BTC at $10, Fyb will try to fill your order with the lowest selling price orders up till $10.<br> If there are sell orders below $10, you will be filled at a better rate.

2. If your entire order is filled, execution stops.<br> If there is a partial fill(ie. only 0.8BTC could be bought at/below $10) then the remaining qty is listed as a pending order(Buy Pending Order 0.2BTC at $10)

Adding funds

BTC

There are no fees incurred when depositing bitcoins for deposit.<br> Deposited coins require 6 confirmations before they are reflected in the account balance.

SGD

There are 2 supported methods for SGD Deposits<br>

Online Bank Transfer

A screenshot should always be taken and saved to resolve any potential issues.<br>

Anonymous Cash Deposit at any UOB ATM in Singapore

A unique account code is to be written on the deposit receipt.<br> Depositor is then required to email a picture of the receipt to the exchange within 48hrs.

Withdrawing funds

BTC

Bitcoins may be withdrawn for 0.0005BTC(Bitcoin Network fee).

SGD

There is no fee to withdraw SGD to a Singapore Bank account.

Fees

A fee of 0.6% is charged in the longed currency of any executed trade.

History

The exchange was launched on 3rd January 2013 to coincide with Bitcoin’s 4th anniversary.

See Also on BitcoinWiki

External Links

Source

http://bitcoin.it/