Admin: Created page with "A currency exchange which operates a BTC/SGD market based in Singapore. ==Trading== ===Buying/selling=== You specify the quantity of Bitcoins you wish to buy/sell at a price...."

2019-05-21T04:01:09Z

Created page with "A currency exchange which operates a BTC/SGD market based in Singapore. ==Trading== ===Buying/selling=== You specify the quantity of Bitcoins you wish to buy/sell at a price...."

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A currency exchange which operates a BTC/SGD market based in Singapore.

==Trading==
===Buying/selling===
You specify the quantity of Bitcoins you wish to buy/sell at a price.<br\>
Once you have submitted a trade, the following chain of events take place : <br\>

1. FYB will try to fill your order with other pending orders at the same or better price than you indicated.<br\>
In other words if you try to buy 1BTC at $10, Fyb will try to fill your order with the lowest selling price orders up till $10.<br\>
If there are sell orders below $10, you will be filled at a better rate.

2. If your entire order is filled, execution stops.<br\> If there is a partial fill(ie. only 0.8BTC could be bought at/below $10) then the remaining qty is listed as a pending order(Buy Pending Order 0.2BTC at $10)

==Adding funds==

===BTC===
There are no fees incurred when depositing bitcoins for deposit.<br\>
Deposited coins require 6 confirmations before they are reflected in the account balance.

===SGD===
There are 2 supported methods for SGD Deposits<br\>
====Online Bank Transfer====
A screenshot should always be taken and saved to resolve any potential issues.<br\>

====Anonymous Cash Deposit at any UOB ATM in Singapore====
A unique account code is to be written on the deposit receipt.<br\>
Depositor is then required to email a picture of the receipt to the exchange within 48hrs.

==Withdrawing funds==

===BTC===
Bitcoins may be withdrawn for 0.0005BTC(Bitcoin Network fee).

===SGD===
There is no fee to withdraw SGD to a Singapore Bank account.

==Fees==
A fee of 0.6% is charged in the longed currency of any executed trade.

==History==
The exchange was launched on 3rd January 2013 to coincide with Bitcoin's 4th anniversary.

==See Also==
* [[Buying bitcoins]]
* [[Selling bitcoins]]

==External Links==
* [https://www.fybsg.com FYB-SG] web site

==Source==

[http://bitcoin.it/ http://bitcoin.it/]
[[Category:Exchanges]]

FYB-SG - Revision history

Admin: Created page with "A currency exchange which operates a BTC/SGD market based in Singapore. ==Trading== ===Buying/selling=== You specify the quantity of Bitcoins you wish to buy/sell at a price...."