Bitcoin.de more or less useless for non-German customers

I’ve been using Bitcoin.de for about a year now and I have to say the service is very good, in general no dodgy dealers and their own customer service is excellent. However, lately the exchange has become more or less useless if you live outside of Germany and don’t have a FIDOR bank account. FIDOR provide a so-called express trade service so that traders can trade instantly without having to place funds in escrow. This is an excellent idea but means that more and more people in Germany use that service. If however you live outside of Germany and FIDOR does not operate in your country then it means the number of potential traders is significantly reduced. This is not helped by many traders also requiring a German bank account, even if they do not bank with FIDOR. The net result is that the majority of trades are now in accessible. I hope Bitcoin.de provide other mechanisms or they will lose out on a large number of customers in other Euro countries.

About Rod McCall

Rod McCall is a researcher in the field of human-computer interaction in areas such as augmented reality, mobile gaming in-car systems and virtual environments. He has a passing interest in economics after not being entirely convinced by the rubbish presented as fact during lectures on that particular subject while at uni.
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