Urgent! BX.in.th is closing down!

[Dario]

For people who have currently invested money on the Thai trading platform bx.in.th (Bitcoin Thailand) there is bad news: all trading will be stopped after September 30th. I received the following email from bx.in.th today at 07:01:

"Dear xxx,
Bitcoin Co. Ltd. has decided to discontinue offering digital exchange services and wallet services at our BX.in.th website in order to focus on other business opportunities.
This means that after September 30th 2019 all trading on the BX.in.th will be stopped. 
We ask that all customers withdrawal any funds held at the BX.in.th website into their own bank account or digital wallet.
The company will not be seeking to hold an SEC issued Digital Asset Exchange license for the year 2020, and we ask all customers to withdraw their funds before November 1st, 2019.
After 1 November 2019, the company will continue to open the BX.in.th website only as a method for customers to contact the company about outstanding issues.
All deposits will be disabled after September 6th, 2019.
If you need any assistance in withdrawing funds please open a support ticket and our staff will be happy to assist you.
We thank our loyal customers for using our BX.in.th services over the past 5 years and trust you have been happy with the service provided. Please note that all fund are completely safe and all customers will receive 100% of their funds returned to them.
For More information please click here"

 

CUrrently I witness the market on bx.in.th crashing. As an indication. At the moment of the announcement, BTC was trading at 293'000 Baht, right now at 08:35 BTC stands at 208'000 !!

[aqua4]

WOW they are dumping Bitcoin fast. Its almost a trade every second right now. 

Edited September 2, 2019 by aqua4

[Dario]

5 minutes ago, aqua4 said:

WOW they are dumping Bitcoin fast. Its almost a trade every second right now. 

Crazy, now it is shooting up again, BTC currently back at 270'000. It's like on the SET during the last day trading of a warrant. For the fast guys now money to be made. I withdrew my money already.

Edited September 2, 2019 by Dario

[Neeranam]

53 minutes ago, Dario said:

Crazy, now it is shooting up again, BTC currently back at 270'000. It's like on the SET during the last day trading of a warrant. For the fast guys now money to be made. I withdrew my money already.

This is terrible news

[sillyfool]

coinfield operates in thailand. good trading platform. never had any issues with it. 

[Neeranam]

Just got some real bargains on bx, everyone is selling at crazy prices

[Neeranam]

43 minutes ago, sillyfool said:

coinfield operates in thailand. good trading platform. never had any issues with it. 

What is the max you can withdraw to a thai bank per day?

[sillyfool]

2 minutes ago, Neeranam said:

What is the max you can withdraw to a thai bank per day?

when you are fully verified on the site the limits are in my currency as follows (CAD) 

 

wire transfer - 2million

interac - 3000.00

paypal - 5000.00

[Neeranam]

Anyone use bitkub?

[Jackie66]

2 hours ago, Neeranam said:

Anyone use bitkub?

Yeah i'm curious too. Just signed up ???? Coins rates are bad.

[sillyfool]

anyone here believe in xrp........? 

[Tayaout]

Bought some bitcoin at ridiculous price and received them in my wallet as fast usual. Pretty funny when people panic for no reason. The markets are really irrational sometimes. 

[Jackie66]

Wish i didn't withdraw THB. could have bought at a great discount ???? I was online when it was happening.

[Neeranam]

26 minutes ago, Jackie66 said:

Wish i didn't withdraw THB. could have bought at a great discount ???? I was online when it was happening.

ALWAYS KEEP A PRUDENT RESERVE

[SOTIRIOS]

...wonder if this has anything to do with 'a certain someone' lending his name and face to another cryptocurrency trading house...???

 

...very strange timing....

 

...nothing to do with the collapse of the currency....seems like they are being 'muscled out'....???

 

...or have been 'bought out'....???

[ExpatDraco]

21 minutes ago, SOTIRIOS said:

...nothing to do with the collapse of the currency....seems like they are being 'muscled out'....???

 

Collapse of the currency? Which currency?

[how241]

Anyone know where a USA expat, living full time in Thailand,  can trade/sell coins in Thailand. Most of the Thai exchanges will not accept USA customers due to all the paperwork required by the USA Govt. 

[Dario]

58 minutes ago, Jackie66 said:

Wish i didn't withdraw THB. could have bought at a great discount ???? I was online when it was happening.

Same here. I was told by bxinth they would pay out withdrawals today at 15:00, but mine was in my bank at 14:01.

[Tayaout]

19 minutes ago, ExpatDraco said:

Collapse of the currency? Which currency?

Which collapse? 

[hobobo]

6 hours ago, sillyfool said:

coinfield operates in thailand. good trading platform. never had any issues with it. 

And shine.coin? Any news on them?

[pingpongplayer]

Hey guys, if you need to signup to new exchanges...

 

Binance link (get 10% discount on commissions using this link)

Bitkub link (Thai exchange that can connect to Thai banks)

 

[AdiP]

Due to the new Thai regulations for crypto markets I presume BX will not qualify for one of the few licenses to be granted for such trading activities in the tightly governed crypto sector within Thailand. Normal business practice to advise clients to withdraw funds before closing their services.

[sillyfool]

1 hour ago, hobobo said:

And shine.coin? Any news on them?

no info sorry. i only trade on coinfield

[sillyfool]

3 hours ago, SOTIRIOS said:

...wonder if this has anything to do with 'a certain someone' lending his name and face to another cryptocurrency trading house...???

 

...very strange timing....

 

...nothing to do with the collapse of the currency....seems like they are being 'muscled out'....???

 

...or have been 'bought out'....???

pretty sure i know the who but what is the trading house you are speaking of.

 

[bearpolar]

1 hour ago, hobobo said:

And shine.coin? Any news on them?

its a ponzi scam

 

bitkub has a 5% lower price even on tether.. worthless

Edited September 2, 2019 by bearpolar

[MJKT2014]

1 hour ago, pingpongplayer said:

Hey guys, if you need to signup to new exchanges...

 

Binance link (get 10% discount on commissions using this link)

Bitkub link (Thai exchange that can connect to Thai banks)

 

Thanks. I haven't got much time for this but still have some Bitcoin with Bx.in.th. 

 

Can I just transfer the bitcoin to another exchange like the ones you suggest or do I have to download to a wallet first or convert to THB?

 

I notice the price of BTC on BX is now much lower than other exhanges so didn't want to cash out to THB unless necessary?

[bearpolar]

4 minutes ago, MJKT2014 said:

 

Thanks. I haven't got much time for this but still have some Bitcoin with Bx.in.th. 

 

Can I just transfer the bitcoin to another exchange like the ones you suggest or do I have to download to a wallet first or convert to THB?

 

I notice the price of BTC on BX is now much lower than other exhanges so didn't want to cash out to THB unless necessary?

do not cashout to thb you'd be losing almost 10% and making some guys very wealthy.

 

wait or  if urgent, send to bittrex, convert to Dai and then withdraw on EVEREX for 1% fee

[Tayaout]

 

13 minutes ago, MJKT2014 said:

 

Thanks. I haven't got much time for this but still have some Bitcoin with Bx.in.th. 

 

Can I just transfer the bitcoin to another exchange like the ones you suggest or do I have to download to a wallet first or convert to THB?

 

I notice the price of BTC on BX is now much lower than other exhanges so didn't want to cash out to THB unless necessary?

You should not leave any bitcoin on an exchange you are willing to lose. It happened to a friend of mine (that I warned not to) with WEX.

 

I use a ledger X hardware wallet to keep my cryptocurrencies. Other model are fine simply make sure you buy them directly from the manufacturer. 

 

I did a Bitcoin cashout from bx.in.th today and it went throught in about 15 minutes. It's usually safer to do transfer from and to a wallet that you control the key. Some exchange use temporary address and if there is a delay then I've seen users have issues. 

Edited September 2, 2019 by Tayaout

[sillyfool]

14 minutes ago, Tayaout said:

 

You should not leave any bitcoin on an exchange you are willing to lose. It happened to a friend of mine (that I warned not to) with WEX.

 

I use a ledger X hardware wallet to keep my cryptocurrencies. Other model are fine simply make sure you buy them directly from the manufacturer. 

 

I did a Bitcoin cashout from bx.in.th today and it went throught in about 15 minutes. It's usually safer to do transfer from and to a wallet that you control the key. Some exchange use temporary address and if there is a delay then I've seen users have issues. 

have to agree 100%. leave nothing on any exchange .i have 3 nano s ledgers. not quite as good as the x but still great. 

 

quadriga back home in canada comes to mind...

 

[Fairynuff]

5 hours ago, sillyfool said:

anyone here believe in xrp........? 

I’m holding some and currently at -80% So don’t even bother following it these days