Your trade mechanism seems to favor those buying bitcoins at the expense of those selling.  I am not certain but I believe that bitcoin market take the average between the high bid and the low ask while you set the price at the low ask.  This is not necessarially a bad thing, but I did want to point it out.

https://mtgox.com/users/login?username=SmokeTooMuch&password=XXXXXXX

what the fuck!?! use hashes for transmitting and saving passwords!!!!

and btw, I cant log in

sorry to say that, but until now your exchange service is just a password-ripoff service ....


BTW: I want you to delete my account and all associated info (like my password, dude!)

I will re-register when you fixed that password thing ...

EDIT 2004-02-27:
Since this post has gotten some attention from reddit I feel I should clarify a few things.
At the time of posting this I had a very naive perception of IT security. It is perfectly normal for sites to receive their users passwords in cleartext and hashing them after (server-side).
I've since learned a lot about IT security and want to apologize for the inconvenience I brought upon the service back then.
The real problem was not the un-hashed transfer, but the transfer via GET (readable in URL) as opposed to POST (non-readable in URL), so the only attack vector was an "over the shoulder attack".

SmokeTooMuch: It is a post over https. It is secure. I'll PM you about the login issue if that is ok.

PulsedMedia: The spread is 2%. Is that too high? I think you are just looking at the difference in what two people are offering. That isn't what you should look at.

Don't worry the passwords are hashed in the DB.

so how does it work ?

password --->encryption (ssl) ---> your site/server && decryption ---> hashing ---> saving/checking hash in db ?


as long as you receive the password unencrypted, it's just not an option for me

EDIT 2014-02-27:
See this post https://bt.irlbtc.com/view/444.msg3876#msg3876

you could buy BTC cheap at one of them and sell them fore more at the other exchange service (if the exchange rates fit in that pattern)

EDIT 2014-02-27:
See this post https://bt.irlbtc.com/view/444.msg3876#msg3876

> Why would I use Mt. Gox instead of BitCoin Market?

It is always online, automated, the site is faster and on dedicated hosting and I think the interface is nicer.

this won't prevent you from stealing your users cash and btc. pls correct me if i'm wrong.

and i say it again, i want you to delete my account and all associated data.

maybe i will re-register later, but for now i decided to not using your service.

sry for making you such a hard start into business, but it's 5 am here and i'm a bit stressed out.
will go to sleep now.

EDIT 2014-02-27:
See this post https://bt.irlbtc.com/view/444.msg3876#msg3876

This is exactly what I'm doing.

I support as many exchanges opening as possible and letting the market decide.  
Competition is great!