BitMarket.pl - Revision history

NotATether: Replace BitMarket.pl: Feed #8 clean handoff; retain sourced history and labelled claims; remove ambox.

2026-09-22T12:51:50Z

Replace BitMarket.pl: Feed #8 clean handoff; retain sourced history and labelled claims; remove ambox.

← Older revision		Revision as of 12:51, 22 September 2026
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			{{infobox company
			\| name = BitMarket.pl
	{{~~ambox~~		\| industry = [[Exchange\|Bitcoin exchange]]
	\| ~~type~~ = ~~warning~~		\| foundation = March 2014 (operator announcement)
	\| ~~text~~ = ~~'''Warning: This~~ exchange ~~has discontinued its services.''' Any acquisition of~~ the ~~domain does not represent the original owners, nor does it reflect the accuracy of the information shared here.~~		\| defunct = 8 July 2019
			\| location = Poland (retail focus); operator company described as London-based in the prosecutor release
			\| website =
	}}		}}

			'''BitMarket.pl''' was a Polish-facing bitcoin exchange. Michau Enterprises Limited announced the launch on 3 March 2014, tying the project to the AfterMarket.pl domain business. The 2014 pitch emphasised instant PLN fiat deposits and withdrawals through Polish instant-transfer systems (BlueCash, Express Elixir, PayU, DotPay and similar), an API with HMAC authentication, and two-factor authentication on withdrawals.<ref name="oldlaunch">Earlier wiki article launch copy (Michau / AfterMarket pitch).</ref>

	~~'''BitMarket.pl''' is s world's first [[Bitcoin]] exchange with instant fiat deposits~~ and ~~withdrawals.~~		== Closure ==
	~~[[File~~:~~12333.jpg\|500 × 79px\|right]]~~		On 9 July 2019 CoinDesk reported that Bitmarket had shut down and quoted a site notice:

	~~==Description==~~		"We regret to inform you that due to the loss of liquidity, [from] 08/07/2019, Bitmarket.pl/net was forced to cease its operations. We will inform you about further steps."<ref name="coindesk">[https://www.coindesk.com/markets/2019/07/09/polish-crypto-exchange-bitmarket-suddenly-shuts-down CoinDesk, 9 July 2019: Polish Crypto Exchange Bitmarket Suddenly Shuts Down]</ref>
	~~Michau Enterprises Limited<ref>Michau Enterprises Limited~~, ~~which operates BitMarket.pl~~, ~~is best known for running AfterMarket~~.pl~~, one of the Poland's top three domain name registrars and the biggest domain marketplace in that country~~. ~~It has been present on the Polish market since 2006. It belongs partly to EuroDNS SA, an international domain name registrar based in Luxembourg~~.</ref>~~, a leader in Internet domain name aftermarket in Poland, has announced at Mar 3 2014, that it enters the Bitcoin trading market by opening its exchange located at~~ [~~http~~://www.~~BitMarket~~.~~pl www.BitMarket.pl].~~
	~~The~~ exchange, ~~targeted towards~~ Polish Bitcoin traders, offers a clean and streamlined interface with top security features. Users can protect their accounts with two-factor authentication, and all withdrawals require additional confirmations. The trading interface has been modeled after the world's most popular exchanges, and will satisfy the needs of both beginners and experienced traders.

	==~~Features~~==		== Enforcement history ==
	~~The platform offers also~~ an ~~extensive API which allows traders to submit their orders programmatically~~. The ~~API follows all current standards~~, ~~with HMAC hashing and~~ "~~tonce~~" ~~parameters for added security~~.		On 12 September 2019 the Polish National Prosecutor's Office (Prokuratura Krajowa) published that the District Prosecutor's Office in Suwałki was supervising an investigation into alleged fraud against clients of the BitMarket.pl exchange. The release states that from mid-2015 to 7 July 2019 managers of a London-based company operating the exchange allegedly caused client harm of at least 2,300 BTC (about PLN 100 million in the release's own conversion).<ref name="govpl">[https://www.gov.pl/web/prokuratura-krajowa/zarzuty-w-sprawie-oszustw-dokonanych-na-gieldzie-kryptowalut Prokuratura Krajowa, 12 September 2019: Zarzuty w sprawie oszustw dokonanych na giełdzie kryptowalut]</ref>

	~~But the real innovation of BitMarket~~.~~pl lies in the field of fiat deposits. While cryptocurrencies allow for fast transfers to and from exchanges, making deposits of fiat funds is not that easy and usually takes several days~~ for ~~a bank transfer to clear. However~~, ~~Poland boasts a strong and innovative banking sector~~, ~~which allows for instant money transfers between the vast majority of local banks~~. There are several competing systems for making such transfers, such as BlueCash, Express Elixir, PayU and DotPay, and BitMarket.pl utilizes several of them to allow users to deposit and withdraw their fiat currency with the same speed as they would move Bitcoins and ~~Litecoins~~.		The same release says co-owner Marcin A. was charged with fraud against 525 users for PLN 22,661,288 (art. 286 §1 kk and related provisions).<ref name="govpl" />

	~~"I must say our~~ users ~~love it~~.~~" - said~~ Dariusz ~~Litawinski,~~ head of marketing at Michau Enterprises Ltd. "With classic exchanges it takes several days to complete a single transaction, which is too long for an average user. It also requires traders to hold sizable amounts of cash on the exchanges, to be able to react quickly to changing market situation. After two or three days, which is how long it usually takes to deposit new funds at an competing exchange, the trading opportunity is long gone. Not so in our system; a user can deposit money, make an exchange and withdraw funds, completing the whole transaction in less than 5 minutes."		== Products ==
			The 2014 marketing emphasised that Polish instant banking rails let users deposit PLN, trade, and withdraw in minutes, reducing how long fiat had to sit on the exchange. Dariusz Litawiński was quoted on the earlier page as head of marketing for Michau Enterprises Ltd.<ref name="oldlaunch" />

	Instant fiat transactions add to the security of users' accounts, because the amount of funds they need to hold on the exchange is greatly reduced. As it is always most secure to hold funds in own wallet, the ability to instantly deposit and withdraw just the needed amount allows users to manage their assets in a more secure way.		== See also ==
			* [[Buying bitcoins]]

	Regarding the company innovative approach, Dariusz also commented: "We come to the Bitcoin market from a unique perspective of trading Internet domain names. The domain trading business in Poland has developed many unique innovations, and we were following all along as the market leader. This allows us to give Bitcoin trading a fresh look, and bring a slew of new features to the table. Instant fiat deposits and withdrawals are a prime example of it."		== References ==
	~~==External links==~~		<references />
	~~https://bitmarket.pl/~~
	==References==
	<references/>

	[[Category:~~Exchanges~~]]		[[Category:Defunct exchanges]]
			[[Category:Defunct companies]]

WikiR: Add service-discontinuation warning and clarify domain ownership.

2025-12-04T16:38:30Z

Add service-discontinuation warning and clarify domain ownership.

← Older revision		Revision as of 16:38, 4 December 2025
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			{{ambox
			\| type = warning
			\| text = '''Warning: This exchange has discontinued its services.''' Any acquisition of the domain does not represent the original owners, nor does it reflect the accuracy of the information shared here.
			}}


	'''BitMarket.pl''' is s world's first [[Bitcoin]] exchange with instant fiat deposits and withdrawals.		'''BitMarket.pl''' is s world's first [[Bitcoin]] exchange with instant fiat deposits and withdrawals.
	[[File:12333.jpg\|500 × 79px\|right]]		[[File:12333.jpg\|500 × 79px\|right]]

Taras: 5 revisions: importing from competing wiki

2014-10-14T15:06:39Z

5 revisions: importing from competing wiki

← Older revision	Revision as of 15:06, 14 October 2014
(No difference)

'*'>MARIO at 13:25, 24 April 2014

2014-04-24T13:25:54Z

← Older revision		Revision as of 13:25, 24 April 2014
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	==References==		==References==
	<references/>		<references/>

			[[Category:Exchanges]]

'*'>Ill at 12:48, 28 March 2014

2014-03-28T12:48:56Z

← Older revision		Revision as of 12:48, 28 March 2014
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	'''BitMarket.pl''' is s world's first Bitcoin exchange with instant fiat deposits and withdrawals.		'''BitMarket.pl''' is s world's first [[Bitcoin]] exchange with instant fiat deposits and withdrawals.
	[[File:12333.jpg\|500 × 79px\|right]]		[[File:12333.jpg\|500 × 79px\|right]]

'*'>Ill at 10:07, 27 March 2014

2014-03-27T10:07:26Z

← Older revision		Revision as of 10:07, 27 March 2014
Line 3:		Line 3:

	==Description==		==Description==
	Michau Enterprises Limited<ref>Michau Enterprises Limited, which operates BitMarket.pl, is best known for running AfterMarket.pl, one of the Poland's top three domain name registrars and the biggest domain marketplace in that country. It has been present on the Polish market since 2006. It belongs partly to EuroDNS SA, an international domain name registrar based in Luxembourg.</ref>, a leader in Internet domain name aftermarket in Poland, has announced at Mar 3 2014, that it enters the Bitcoin trading market by opening its exchange located at www.BitMarket.pl.		Michau Enterprises Limited<ref>Michau Enterprises Limited, which operates BitMarket.pl, is best known for running AfterMarket.pl, one of the Poland's top three domain name registrars and the biggest domain marketplace in that country. It has been present on the Polish market since 2006. It belongs partly to EuroDNS SA, an international domain name registrar based in Luxembourg.</ref>, a leader in Internet domain name aftermarket in Poland, has announced at Mar 3 2014, that it enters the Bitcoin trading market by opening its exchange located at [http://www.BitMarket.pl www.BitMarket.pl].
	The exchange, targeted towards Polish Bitcoin traders, offers a clean and streamlined interface with top security features. Users can protect their accounts with two-factor authentication, and all withdrawals require additional confirmations. The trading interface has been modeled after the world's most popular exchanges, and will satisfy the needs of both beginners and experienced traders.		The exchange, targeted towards Polish Bitcoin traders, offers a clean and streamlined interface with top security features. Users can protect their accounts with two-factor authentication, and all withdrawals require additional confirmations. The trading interface has been modeled after the world's most popular exchanges, and will satisfy the needs of both beginners and experienced traders.

'*'>Ill: Ill moved page Bitmarket to BitMarket.pl

2014-03-27T09:58:51Z

Ill moved page Bitmarket to BitMarket.pl

← Older revision	Revision as of 09:58, 27 March 2014
(No difference)

'*'>Ill: Created page with "'''BitMarket.pl''' is s world's first Bitcoin exchange with instant fiat deposits and withdrawals. right ==Description== Michau Enterprises Lim..."

2014-03-27T09:56:35Z

Created page with "'''BitMarket.pl''' is s world's first Bitcoin exchange with instant fiat deposits and withdrawals. 500 × 79px|right ==Description== Michau Enterprises Lim..."

New page

'''BitMarket.pl''' is s world's first Bitcoin exchange with instant fiat deposits and withdrawals.
[[File:12333.jpg|500 × 79px|right]]

==Description==
Michau Enterprises Limited<ref>Michau Enterprises Limited, which operates BitMarket.pl, is best known for running AfterMarket.pl, one of the Poland's top three domain name registrars and the biggest domain marketplace in that country. It has been present on the Polish market since 2006. It belongs partly to EuroDNS SA, an international domain name registrar based in Luxembourg.</ref>, a leader in Internet domain name aftermarket in Poland, has announced at Mar 3 2014, that it enters the Bitcoin trading market by opening its exchange located at www.BitMarket.pl.
The exchange, targeted towards Polish Bitcoin traders, offers a clean and streamlined interface with top security features. Users can protect their accounts with two-factor authentication, and all withdrawals require additional confirmations. The trading interface has been modeled after the world's most popular exchanges, and will satisfy the needs of both beginners and experienced traders.

==Features==
The platform offers also an extensive API which allows traders to submit their orders programmatically. The API follows all current standards, with HMAC hashing and "tonce" parameters for added security.

But the real innovation of BitMarket.pl lies in the field of fiat deposits. While cryptocurrencies allow for fast transfers to and from exchanges, making deposits of fiat funds is not that easy and usually takes several days for a bank transfer to clear. However, Poland boasts a strong and innovative banking sector, which allows for instant money transfers between the vast majority of local banks. There are several competing systems for making such transfers, such as BlueCash, Express Elixir, PayU and DotPay, and BitMarket.pl utilizes several of them to allow users to deposit and withdraw their fiat currency with the same speed as they would move Bitcoins and Litecoins.

"I must say our users love it." - said Dariusz Litawinski, head of marketing at Michau Enterprises Ltd. "With classic exchanges it takes several days to complete a single transaction, which is too long for an average user. It also requires traders to hold sizable amounts of cash on the exchanges, to be able to react quickly to changing market situation. After two or three days, which is how long it usually takes to deposit new funds at an competing exchange, the trading opportunity is long gone. Not so in our system; a user can deposit money, make an exchange and withdraw funds, completing the whole transaction in less than 5 minutes."

Instant fiat transactions add to the security of users' accounts, because the amount of funds they need to hold on the exchange is greatly reduced. As it is always most secure to hold funds in own wallet, the ability to instantly deposit and withdraw just the needed amount allows users to manage their assets in a more secure way.

Regarding the company innovative approach, Dariusz also commented: "We come to the Bitcoin market from a unique perspective of trading Internet domain names. The domain trading business in Poland has developed many unique innovations, and we were following all along as the market leader. This allows us to give Bitcoin trading a fresh look, and bring a slew of new features to the table. Instant fiat deposits and withdrawals are a prime example of it."
==External links==
https://bitmarket.pl/
==References==
<references/>