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ice3x
#1
So I finally tried them out. Used BTC but the interest in this exchange is the ETH trading they'll be activating soon.

1.) Registration and verification

Took about 30 minutes total. All that was needed was ID, Proof of Adress and Bank Statement

2.) Deposit funds

The screens are not that intuitive. When you click on "Deposit/Withdraw" button it takes you to your account page. Maybe I'm having an off day but it took me a while to notice the "Deposit / Withdraw" links in the table under the Control column. They could've styled it like buttons to make it more obvious in my opinion.

In the ZAR row, I click on deposit and could choose whether or not I want to fund it via their FNB or Standard Bank account. Chose FNB, obviously, since I'm an FNB client. The only tricky part was the beneficiary/reference number to use. They present you with this piece of text but what you are looking for is the TXR number. It will look something like TXR0000123. This makes monthly auto payments to the account impossible from what I can see.

Anyway, made the payment and it reflected within 25 minutes which included me opening a ticket asking for clarification on the reference number confusion (at the time of writing they had a bug in the email template) and that ticket being answered and closed. So big +1 on their support.

I noticed though that the deposit was resolved on the hour so I'm assuming there is an hourly batch job or something. And obviously, if you pay from say an ABSA account to their FNB account you'll probably wait for an extra day because of Bankserv.

3.) Buying Bitcoin

Was quick. Filled in two fields, click buy and got my coins. Not that this should or could be more difficult.

4.) Withdrawal

I went back to the account screen, went straight to the table and click "Withdraw" on the BTC row (see, easy once you've seen the damn links), entered the amount to withdraw and the BTC wallet address (in this case Luno). Before you can confirm there is a "Send' button which generates a hash key and emails it to you. Once you receive it you copy paste it back into the withdrawal form and click confirm.

And that's it. I just bought BTC at R37500, sent it to Luno where it is trading at R39600....and did nothing. But I could've sold it and made a quick buck. Not that I think that is a sustainable way of trading but who knows - one of you with more time on their hands might prove me wrong Big Grin

The transfer to Luno btw cost something like 0.0002 BTC


Now bring on ETH trading!

#2
Wow thanks for the informative review Hamster, this will more than likely help many of us navigate future transactions.

Did you place a manual price order for the BTC, or is there a quick buy option?

#3
Manual. There's no quick buy like on Luno from what I could tell, but easy to click on a sell offer from someone and it'll pre-populate the correct amounts for you.

Not perfect, but easy enough to navigate.

#4
When will ETH be traded directly in SA?

Sent from my SM-G935F using the Platinum Wealth app

#5
Apparently within 2 weeks according to ice3x website, but I won't hold my thumbs.

#6
Registered and funded my account within 30 minutes expecting ETH trading to be here by now :/
Two weeks is a long time in the cryptocurrency world, I think I may just buy BTC on ice3x and shapeshift it into ETH.

#7
For now, yeah. I see it's 1 BTC to 10.6 ETH atm.

Thing is, once they enable ETH you still need somebody willing to sell on the exchange. If everybody is just hoarding they're ETH not much is going to happen there.

#8
And for those that do not know yet, you can trade ETH on ice3x now. Deposit yo moola, buy your ETH, transfer back to jaxx/whatever.

#9
(06-14-2017, 10:29 AM)Hamster Wrote: And for those that do not know yet, you can trade ETH on ice3x now. Deposit yo moola, buy your ETH, transfer back to jaxx/whatever.


at R5890 pet ETH :o

that is $465 with current ETH price at $375

that puts ice3x more expensive than 250 odd exchanges across the world :o

https://coinmarketcap.com/currencies/ethereum/#markets

#10
The ETH price is set by the sellers, just like the bitcoin price, so if there are more sellers, then there will be more price competition.
I have done a couple of good trades already with ETH on ice3x, sells, not buys.....
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#11
(06-08-2017, 01:27 PM)Hamster Wrote: So I finally tried them out. Used BTC but the interest in this exchange is the ETH trading they'll be activating soon.

1.) Registration and verification

Took about 30 minutes total. All that was needed was ID, Proof of Adress and Bank Statement

2.) Deposit funds

The screens are not that intuitive. When you click on "Deposit/Withdraw" button it takes you to your account page. Maybe I'm having an off day but it took me a while to notice the "Deposit / Withdraw" links in the table under the Control column. They could've styled it like buttons to make it more obvious in my opinion.

In the ZAR row, I click on deposit and could choose whether or not I want to fund it via their FNB or Standard Bank account. Chose FNB, obviously, since I'm an FNB client. The only tricky part was the beneficiary/reference number to use. They present you with this piece of text but what you are looking for is the TXR number. It will look something like TXR0000123. This makes monthly auto payments to the account impossible from what I can see.

Anyway, made the payment and it reflected within 25 minutes which included me opening a ticket asking for clarification on the reference number confusion (at the time of writing they had a bug in the email template) and that ticket being answered and closed. So big +1 on their support.

I noticed though that the deposit was resolved on the hour so I'm assuming there is an hourly batch job or something. And obviously, if you pay from say an ABSA account to their FNB account you'll probably wait for an extra day because of Bankserv.

3.) Buying Bitcoin

Was quick. Filled in two fields, click buy and got my coins. Not that this should or could be more difficult.

4.) Withdrawal

I went back to the account screen, went straight to the table and click "Withdraw" on the BTC row (see, easy once you've seen the damn links), entered the amount to withdraw and the BTC wallet address (in this case Luno). Before you can confirm there is a "Send' button which generates a hash key and emails it to you. Once you receive it you copy paste it back into the withdrawal form and click confirm.

And that's it. I just bought BTC at R37500, sent it to Luno where it is trading at R39600....and did nothing. But I could've sold it and made a quick buck. Not that I think that is a sustainable way of trading but who knows - one of you with more time on their hands might prove me wrong Big Grin

The transfer to Luno btw cost something like 0.0002 BTC


Now bring on ETH trading!

Glad you got signed up OK, we have recently upgraded the main trading platform, so there are a lot of things that need tweaking still, i'll take note of your points Smile

The price differences in the exchanges are indeed set by the buyers and sellers. At present we do not have as much liquidity as Luno so the price differences can mean good arbitrage opportunities. We are wanting Ethereum, Bitcoin and Litecoin miners to be market makers, this will help with prices, and liquidity.

We have a really good trading fee structure, so that at least sets us apart, and of course we are always striving to have good customer support. Our fee structure is excellent and market makers will benefit from this, and can get further reduction on the fees.

Come and trade!
IceCubed Exchange
-------------------------------------
Bitcoin ~ Ethereum ~ Litecoin
https://ice3x.com

[Image: logo.png]

#12
(06-14-2017, 07:49 PM)IceCUBED Exchange Wrote: /snip

So awesome to have you guys on board Smile

#13
Glad to see Ice3x on the forum, should be a wealth of useful information.

#14
(06-15-2017, 07:15 AM)Purply Wrote: Glad to see Ice3x on the forum, should be a wealth of useful information.

Glad to be here Smile
IceCubed Exchange
-------------------------------------
Bitcoin ~ Ethereum ~ Litecoin
https://ice3x.com

[Image: logo.png]

#15
nice one ice - I do like seeing the spread as well as the option to buy crypto taking into account fees.






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