Trading will resume 16th June, from 13:00 UTC.

YDX Status:
  BTC deposits are now open
  BTC withdrawals are open for withdrawals over 20,000 microBTC
  IOTA deposits are now open
  IOTA withdraws are open for withdrawals over 1,000 miota


What is YDX?

YDX is a semi-automated escrow service that enables the trading of supported cryptocurrencies through a dedicated Slack team: ydx.slack.com.

For details on how to get an invitation, please click here.

YDX has successfully escrowed over 3100 BTC. This new service will enable quicker and easier trades with no limits on the escrowed amount and no documentation required.

Supported Tokens


The following tokens can be traded to and from BTC:
IOTA - KMD - NXT - ARDR - ETH - GB - GBB - WAVES - WLC - SuperNET - PANGEA - DEX - DASH

Deposits


To deposit Bitcoin, type DEPOSIT followed by the amount of microBTC you wish to deposit.
This step must be complete in the channel: #iota_btc

For example, to deposit 1 BTC:
   DEPOSIT 1000000

The bookkeeper will then provide further instructions - make sure you send the exact amount requested by the bot.

Upon 1 confirmation, your balance will be automatically updated.

1 BTC = 1,000,000 microBTC.

To deposit other currencies, send a direct message to @ydx saying exactly how much you would like to deposit. He will then provide you with a deposit address.


How to Withdraw


To request a withdrawal please send a direct message to @ydx with the following information. It is essential you provide all of the information, otherwise your withdraw will not be processed and your request ignored.

1) Amount AND currency type
2) Withdrawal address

Examples:

BTC:
1) 1'000'000 microBTC
2) 1AJBHPhYJMs8Qq3SoYwr2VNecv8EQJ39UJ

IOTA:
1) 20'000 Miota
2) CWCNLMZLAGNOUY9IREPUFHZBXTZQJTWHONKSGWOXHLYCSIXMKZDEQYHZFBCABSOZJSZTCMXYELDBDAMIZRAFLUGNDH

2FA


Please can everyone that hasn't already add Two Factor Authentication! It is so easy to set up and is the most effective way to secure your funds. There is a simple guide to make the simple steps required even easier here: http://iotasupport.com/2fa.shtml

You can change your 2FA settings here: https://ydx.slack.com/account/settings/2fa_app

Here are some links to the Authy app:
https://itunes.apple.com/us/app/authy/id494168017
https://play.google.com/store/apps/details?id=com.authy.authy

Username Policy


All members must *not* change their username as this prevents the bot from correctly issuing commands related to your account.

Trolling


YDX does not censor people unless they are being personally insulting or have extremist views. This means that you need to take everything that is said with a grain of salt - people may try to manipulate you into buying/selling coins for their own advantage.

How it Works


  1. To send BTC to YDX type DEPOSIT followed by the amount of microBTC you wish to deposit in #iota_btc
  2. Your BTC will be credited automatically when it has 1 confirmation
  3. You buy/sell tokens as many times as you like.
  4. You send @ydx an address to withdraw the earned BTC/tokens
  5. @ydx adjusts your balance and sends real tokens to your address
  6. Trades are taxed with 0% fee.
  7. Deposits/withdrawals are charged with 1% fee (rounded up).
  8. Min amount of a deposit/withdrawal is 20'000 microBTC/100 tokens.
  9. For instructions on how to trade once you have your tokens credited, type "HELP" in the #iota_btc channel.
  10. Provide @ydx with a BTC and IOTA address so you can receive your funds in case the slack cannot be reached.
  11. For each deposit, a new address is generated. This is required so @bookkeeper can keep track of balances.
  12. Tokens and microBTC for fees are always rounded up. (1 unit for 2-100 units, 2 units for 101-200 units etc.)

Buying IOTA Example


  -Alice types 'DEPOSIT 50000000' in #iota_btc (without the ' ')
  -She sends the exact BTC amount specified by @bookkeeper to the address provided
  - Once the BTC are confirmed, her BTC are credited automatically minus the fee
  -Alice's balance is increased to 49,500,000 microBTC
  -To see the current BIDs and ASKs, Alice types the following command in #iota_btc: ORDERS
  -She checks the orderbook and decides she would like to buy at 45 Miota per MicroBTC
  -Alice works out how many Miota she can buy with the following math: 49,500,000 / 45
  -The result is that Alice can buy 1,100,000 Miota
  -Alice types the following command in #iota_btc: BID 1100000 45
  -The trade goes through and Alice's balance now has 1,100,000 Miota

Deposit/Withdrawal Examples


  -Alice types 'DEPOSIT 50000000' in #iota_btc (without the ' ')
  -She sends the exact BTC amount specified by @bookkeeper to the address provided
  - Once BTC are confirmed, @ydx types "GIVE 49.5 BTC TO @Alice (1% fee included)
  --------------------------------------------------------------------------------------------------------
  -Alice contacts @ydx and says "I want to withdraw 200 Miota"
  -@ydx executes "TAKE 200 Miota FROM @Alice"
  -@ydx sends 198 Miota to Alice (1% fee included)

Important: you can choose any name on slack, only the @-names are unique.
Make sure that you are talking to @ydx!

Live IOTA Orders

Automatically updates every second.

Latest IOTA Trades

Automatically updates every second.

Get invited to YDX

If you need an invitation to join YDX, you have the following options:
  • contact @yassinnxt on the offical IOTA Slack
  • send yassin54 a message on Bitcointalk
  • send a DM on Twitter
  • you can ask an existing member to e-mail you an invite.

Referral Program

YDX has launched a referral program which allows you to receive 0.1% of the amount deposited and withdrawn by members who add you as their referrer.

Type "BALANCE" on #iota_btc to get instructions on how to add your referrer.