go to content go to navigation go to page bottom

go to page top go to navigation
Banking with friends banner
question
Answers
9
Thumb up
2
Thumb down
0
tof - 19/06/2017 - 12:55:07

Hi,
I have a received a message from Coinfloor saying that "[...] as we will no longer be accepting deposits from Fidor Bank". Does anyone know why?
Thanks

Please log in to answer the question.

Comment
hallenberg - 19/06/2017 - 13:28:12

I'd also like to know about this before I get fully registered since I've been introduced to Fidor for the purposes of SEPA transfers to overseas exchanges..


JohnnyD - 19/06/2017 - 17:34:03

You will need to contact Customer Services about this at hello@fidorbank.uk tomorrow morning.


Toluth - 20/06/2017 - 11:00:07

Did Coinfloor provide you with the reason why they would not be accepting deposits from Fidor Bank?


tof - 20/06/2017 - 21:35:14

No, they didn't. Trying to find out why.


JoelDalais - 20/06/2017 - 21:41:57

Once you find out why please let us know.


tof - 08/07/2017 - 09:27:11

I've finally received a reply from Coinfloor about the issue with Fidor.

"Coinfloor does not process transfers from Fidor due to their non-standards format which does not meet our requirements. Please keep in mind that Coinfloor is primarily an XBT/GBP exchange and Fidor does not provide SWIFT transfers."

When will Fidor support SWIFT?


mwri - 08/07/2017 - 17:17:25

SEPA is for Euro, most high volume trading is done in USD, minimal in EUR, and even less in GBP.

Ideally you want to trade in USD for the volume in order books otherwise you end up trapped with no buyers. EUR is the second alternative.

I would avoid GBP order books at all costs, nobody wants to trade it, go check the exchange order books for volumes and that is the currency you should be using.


mwri - 08/07/2017 - 17:19:19

Also be careful on some exchanges, some will not let you access USD order books and you are locked into the currency you deposit (Coinbase has this problem and is not suitable for non USD traders, that is why Kraken is better for them).

Be sure the exchange you trade on lets you access the order books and not locks you into the deposit currency.


JoelDalais - 08/07/2017 - 19:54:03

"When will Fidor support SWIFT?"

We (moderators) are not privy to that information.



go to page top go to page bottom