Bitcoin Cash now available at BX.in.th

We have now added a Bitcoin Cash to Thai Baht market to BX.in.th: https://bx.in.th/THB/BCH/

Withdrawals and deposits of Bitcoin Cash (BCH) are now available, with deposits requiring 3 confirmations.

IMPORTANT: DO NOT SEND REGULAR BITCOINS TO A BITCOIN CASH ADDRESS, OR BITCOIN CASH TO A REGULAR BITCOIN ADDRESS, THIS WILL RESULT IN A LOSS.

We have also distributed the 1,832.55871288 BCH held by the company back to our customers.  If you had a Bitcoin balance on BX.in.th at the time of the first Bitcoin Cash forked block, then you will find that you also now have a BCH balance.

You can check if your account was holding any Bitcoin Cash in your balance page here: https://bx.in.th/funds/

Please note that coin distribution is now final and there is no process for requesting additional Bitcoin Cash or appealing the amount of BCH in your account; we took a balance snapshot at the time of the fork and this is considered the final source of which customers had balances.

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Distributing 35,000,000 THB of Bitcoin Cash to customers

As per our previous announcement, we did not support the Bitcoin Cash fork at BX.in.th and requested that all customers withdraw their funds prior to the fork.

We expected the forked Bitcoin Cash to drop in value and become basically worthless, however we were wrong in this assumption as clearly Bitcoin Cash has maintained its value and does not appear to be dwindling.

Many customers did not withdraw their Bitcoins prior to the fork, and we were left with more than 1,800 BCH (currently valued at more than 35,000,000 THB) in our possession.  https://www.blocktrail.com/BCC/address/142d1rNHkRmCezU2PZ1LGPkg5uNamHX3W8

We have decided that it is time for us to redistribute this 35,000,0000 THB amount back to our customers who were holding Bitcoins on our BX.in.th platform at the time of the fork.

Within the next few weeks we will setup a THB/BCH marketplace on BX.in.th and credit customer balances with the amount of BCH that they had at the time.  Once BCH has been added to the website you will be able to check if you have a balance.  Please note that our support staff will not be able to check your balance until the developers have distributed the BCH to customer accounts.

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BX.in.th Segwit Upgrade

We have upgraded our wallet at BX.in.th in order to utilize Segwit Bitcoin addresses.  All customers have now been issued with new deposit addresses which now start with a number “3” instead of a “1”.  We ask that all customers please start to use their new deposit address, instead of any old addresses that they were previously using.

The old addresses will continue to work, however in order to encourage customers to switch to using their new Segwit address we have added an additional 3 confirmations to the approval time on old non-Segwit addresses.

The purpose of this upgrade is to save money on Bitcoin transaction fees; we hope that this will significantly reduce the amount we are paying for network fees.  Once we have established the amount of cost savings that we are receiving we hope to pass this cost saving back to the customers in the form of reduced withdrawal fees.

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Not Supporting Bitcoin ABC or BitcoinCash

We previously wrote about what we would do at BX.in.th in the event of an August 1st fork, however the situation has significantly changed since that posting, so here is an update to give you our current position.

The legitimate concerns that Bitcoin would split have been assuaged, because the miners were able to come together and all support Segwit2x, and Segwit has now been locked in on the Bitcoin network.

We are now running Bitcoin nodes on the btc1 codebase, and our system will continue to follow this Segwit2x chain.

Recently there has been some small group trying to force through an unnecessary hard fork, referring to this fork as “BitcoinCash”.  We do not support this fork, and think that it is simply an attempt at manipulating the situation in order for the promoters to gain more real Bitcoins.  This altcoin has hardly any miners, developers or community supporters.

As such we will not be listing BitcoinCash as a currency, and we will not be giving anyone BitcoinCash.

If you want to use this BitcoinCash altcoin you must withdraw your bitcoins from BX.in.th at least 48 hours before the fork.  And do not re-deposit until after the altcoin fork is created.

We appeal to users to not give this altcoin credibility as it will potentially make Bitcoin more confusing in the future.  If you do not support or care about BitcoinCash then you do not need to do anything; your real bitcoins will continue to work as normal.

BX.in.th August 1st Bitcoin Fork

Several users have asked us what we plan to do on BX.in.th during the upcoming August 1st potential Bitcoin fork, and so we will make this clear now.  This article is geared towards laying out our position for users who are specifically interested, and already familiar with the upcoming August 1st events.

Several hours before the August 1st BIP148 fork we will pause Bitcoin withdrawals and deposits, and they will be re-opened when we are satisfied that it is safe to do so.   The duration of this pause will depend on the outcome of the fork, but we expect the downtime to be no more than a few hours.  Trading will continue as normal and withdrawals for all other currencies will remain as normal.

BX.in.th is currently running Bitcoin Core 0.14 for our Bitcoin node.  This means that by default we will follow the longest blockchain whether that be a Segwit or non-Segwit chain.

What we highly expect to happen, either A or B:

A) *Our Preferred Choice* A majority of the miners will switch over to using Segwit2X compatible node, and start mining Segwit signalling blocks.  This will mean that both the miners running Segwit2X and the UASF users running BIP148 nodes will be in agreement on August 1st that Segwit should be enabled and there will be no fork.

In this scenario we will be able to re-enable withdrawals and deposits very quickly; and possibly not even have to pause at all.

B) Miners are not able to start running Segwit2X before August 1st and the BIP148 fork occurs because miners are still running non-segwit nodes.  Because the BIP148 mining support is so low this forked blockchain will quickly fall behind as their blocks will be created very slowly.   The majority mined chain will continue on as normal and we will continue to follow it.

In this scenario we expect it to be clear within a few hours that the BIP148 chain has fallen far behind, we will disregard the BIP148 chain and not consider it to be of any value.  Our users will not get any BIP148 tokens, and we will re-open withdrawals and deposits on the standard Bitcoin chain.

What is a remote and unlikely possibility:

It’s possible that scenario B happens but BIP148 chain gets a reasonable amount of mining power.  In this case the BIP148 chain will be a viable blockchain and most likely would have some kind of considerable trading value.  In this unlikely situation we would have to keep our Bitcoin withdrawals and deposits on hold and play the situation by ear.

It is worth noting that our default position, as per our terms of service, is for us to make a decision as to which Bitcoin we consider to be stronger and our users will be entitled to coins on that blockchain only.  If you wish to make your own choice about which blockchain to follow or use coins from multiple chains that you must withdraw your bitcoins at least 48 hours before August 1st.

Removal of Stellar

Note that you can still withdraw Stellar from your BX.in.th account; but we have decided to close the Stellar/Bitcoin trading market at BX.in.th.

UPDATE: Stellar will be completely removed from the BX.in.th system after October 31, 2015.  You must withdraw your stellar before this date or funds will be non-recoverable.

Services that are affected:

  1. Stellar to Bitcoin trading market place
  2. Stellar deposits (you will no longer be able to deposit new stellar)

Unaffected services:

  1. Stellar withdrawals:  You will still be able to withdraw stellar for at least the next 3 months

Reasons for doing this:

  1. The market is no longer seeing any trade volume (the 24 hour trade volume as of posting this was exactly “0.00”)
  2. Stellar foundation is bringing out a new version of their protocol which appears to totally replace the existing infrastructure.  Given the low trading volume it does not justify the time involved for us to study and upgrade to the new protocol.

If you have any concerns please submit a support ticket:  https://support.bitcoin.co.th/

Send Bitcoin to Email

Send Bitcoin to Email Thailand

At BX.in.th you can now send Bitcoin, or any other Altcoin listed on the site (such as Dogecoin, Pandacoin, Litecoin, etc…), to anyone with an Email address.

On the withdrawals page simply enter an email address instead of a Bitcoin address, and the recipient will receive the bitcoins.

If the receiver already has a BX.in.th account, the amount will be added to their balance immediately.

If they receiver does not have an account with BX.in.th they can quickly signup and their starting balance will reflect the coins sent via Email.

Email sends are completely free.

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Auto-withdrawals at BX.in.th

At BX.in.th we have released a new auto-withdrawal macro feature.

This function allows you to configure your BX account, so that once a balance of any currency reaches a certain level an automatic withdrawal will be triggered to a preset address or account.

The auto-withdrawal macros can be used to in combination with the auto-sell macros, in order to seamlessly send Bitcoins to a specific address, automatically convert to THB and withdrawal to your Thai bank account.  All without ever having to even open a web browser.

To create an auto-withdrawal visit this link: https://bx.in.th/funds/macros/

Select “Auto-withdrawal” from the macro type, and click “Create Macro”

Select "Auto-withdrawal" from the macro type, and click "Create Macro"

You can then setup your auto-withdrawal settings.

For security you will need to enter your password and 2FA to setup an auto-withdrawal; you will also need to confirm the macro via an email confirmation link.  This is for security in order to prevent macros being used in the event of a hijacked session.

Enter your withdrawal settings.

Enter your withdrawal settings.

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Meet the Company

November 11-12th David and Peach, from Bitcoin.co.th, will be attending the “World Bitcoin, Digital Money & Payment Systems Conference 2014” at the Shangri-la  Hotel in Bangkok.   Bitcoin Co. Ltd. will have a booth showing users how to use our trading system and answering any Bitcoin related questions.

If you are visiting the conference please stop by at our booth:

งานออกบูธ:

ในวันที่ 11-12 พฤศจิกายนนี้ คุณเดวิทและคุณพีช จาก Bitcoin.co.th จะเข้าร่วมในงานสัมมนาบิทคอยน์ระดับโลก “World Bitcoin, Digital Money & Payment Systems Conference 2014” ที่จัดขึ้นที่โรงแรมแชงกรีลา กรุงเทพ และมีบูธสาธิตการเทรดบิทคอยน์ รวมทั้งมีการสาธิตการซื้อขายบิทคอยน์และการตอบคำถามสำหรับผู้สนใจ
สำหรับผู้ที่สนใจเรียนเชิญแวะไปได้ที่บูธในงานนะครับ

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ความสำคัญของการเปิด 2FA Code

ความสำคัญของ 2FA Code

Two-factor authentication หรือที่ต่อไปเราจะเรียกว่า 2FA Code คือกระบวนการตรวจสอบผู้ใช้งาน 2 ขั้นตอนต่อเนื่องกัน ก่อนที่จะอนุญาตให้เข้าถึงบริการที่กำหนด วิธีการนี้ใช้ป้องกันข้อมูลได้ทั้งที่อยู่แบบออฟไลน์และออนไลน์ คอนเซปท์แนวคิดมาจากเหตุผลที่ว่าการป้องกันข้อมูลด้วย “รหัสผ่าน” เพียงอย่างเดียวนั้นไม่ปลอดภัยเพียงพอแล้วในปัจจุบันเพราะเป็นสิ่งที่ Hacker พุ่งเป้าเจาะเพื่อการเข้าถึงเป็นอันดับแรก ถึงแม้จะตั้งรหัสผ่านที่จำยากหรือมีความซับซ้อนก็ไม่ใช่เรื่องยากสำหรับ Hacker อีกแล้ว และถ้าสามารถทำได้สำเร็จก็จะสามารถเข้าถึงข้อมูลทุกอย่างที่เกี่ยวข้องได้โดยไม่มีอะไรป้องกันได้อีก
Two-factor authentication จะต้องอาศัย2 ปัจจัยในการตรวจสอบตัวตนเสมอ คือ สิ่งที่เรารู้ (ในที่นี่คือรหัสผ่าน) และ สิ่งที่เรามี (ในที่นี้คือ 2FA Code) จะเรียงลำดับอย่างไรก็ตามสามารถเข้าระบบขอให้มีทั้ง 2 สิ่งอย่างครบถ้วนก็ถือว่าผ่านการตรวจสอบ

ตัวอย่างTwo-factor authentication ที่มีใช้ชีวิตประจำวันแต่หลายคนยังไม่สังเกต มันคือ ATM เราจะสามารถไปถอนเงินออกจากตู้ ATM ได้ตั้งอาศัยของ 2 สิ่งคือ บัตร ATM และรหัส PIN โดยการเสียบบัตร ATM เข้าตู้จะการเป็นการตรวจสอบขั้นแรก เมื่อบัตรถูกต้องระบบจะขึ้นหน้าจอมาให้เราใส่รหัส PIN ที่เป็นตัวเลข 4 หลักเพื่อการตรวจสอบขั้นที่ 2 ถ้าใส่รหัสได้ถูกต้องก็ถือว่าผ่าน เราก็จะสามารถเข้าถึงบริการของตู้ ATM ได้ หากอย่างใดอย่างหนึ่งผิดก็จะมีการปฏิเสธการใช้งาน

วิธีเปิด 2FA Code

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1. หลังจากที่เข้าสู่ระบบแล้วให้ไปที่ แถบ ความปลอดภัย และ แถบ 2Factor Authentication

2. ในสมาร์ทโฟน เข้าไปดาวน์โหลด Google Authenticator

Ios : https://itunes.apple.com/en/app/google-authenticator/id388497605?mt=8
Android : https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2&hl=en
3. ที่ข้อมูล รหัสผ่านตัวที่ 2 (2FA Code) เลื่อนมาที่แถบ On
4. ด้านขวาของจอจะมี QR Code ให้เปิดแอพ Google Authenticator เพื่อ Scan code จากนั้นจะได้รหัส 6 หลัก เพื่อใส่ในช่อง ใส่รหัส 2FA5. ในกรณีที่ทำสมาร์ทโฟนหายหรือมีปัญหาเข้าแอพ Google Authenticator ไม่ได้ ให้ส้งเรื่องมาทาง http://support.bitcoin.co.th เพื่อตรวจสอบและทำการ unlock 2FA Code ครับ

Sell BTC

Bitcoins to sell:
You receive:
12,054THB


Exchange BTC to THB rate: 1 Bitcoin = 120,540.00 Thai Baht

Buy BTC

Bitcoins to buy:
You pay:
12,802THB


Exchange THB to BTC rate: 1 Bitcoin = 128,015.10 Thai Baht


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