Bitcoinica - Revision history

Calliptamus at 17:36, 25 May 2025

2025-05-25T17:36:34Z

← Older revision		Revision as of 17:36, 25 May 2025
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	Was an online service that enabled leveraged speculation in its contract-for-difference (CFD) market against the Bitcoin to USD (BTC/USD) exchange rate.		Was an online service that enabled leveraged speculation in its contract-for-difference (CFD) market against the [[Bitcoin]] to USD (BTC/USD) exchange rate.

	==History==		==History==

Burrito at 22:59, 6 May 2014

2014-05-06T22:59:08Z

← Older revision		Revision as of 22:59, 6 May 2014
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	==References==		==References==
	<references />		<references />
			[[Category:Defunct products or services]]

Gmaxwell: s/exchange/online service/

2012-08-13T19:47:50Z

s/exchange/online service/

← Older revision		Revision as of 19:47, 13 August 2012
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	Was an ~~exchange~~ that enabled leveraged speculation in its contract-for-difference (CFD) market against the Bitcoin to USD (BTC/USD) exchange rate.		Was an online service that enabled leveraged speculation in its contract-for-difference (CFD) market against the Bitcoin to USD (BTC/USD) exchange rate.

	==History==		==History==

Sgornick: Update status to past-tense. Add to history the announcement regarding being put into receivership. Remove from Exchanges category.

2012-08-02T18:33:29Z

Update status to past-tense. Add to history the announcement regarding being put into receivership. Remove from Exchanges category.

@@ Line 1: / Line 1: @@
-An exchange that enables leveraged speculation in its contract-for-difference (CFD) market against the Bitcoin to USD (BTC/USD) exchange rate.
+Was an exchange that enabled leveraged speculation in its contract-for-difference (CFD) market against the Bitcoin to USD (BTC/USD) exchange rate.
 ==History==
@@ Line 98: / Line 9: @@
 On May 11, 2012 Bitcoinica suffered for the second time a security incident in which a large amount of coins were stolen from its hot wallet<ref>[http://bitcointalk.org/index.php?topic=81045.0 Bitcoinica site is taken offline for security investigation]</ref>.
-==External Links==
+On August 1, 2012 the Wendon Group investment fund as creditor to Bitcoinica LP announced that it will appoint a receiver under New Zealand law<ref>[http://bitcointalk.org/index.php?topic=97272.0 Bitcoinica Consultancy abandons customers. Bitcoinica to enter Liquidation]</ref>.
 ==References==
 <references />

Sgornick: Add mention of security breach. Add HOWTO and API sections.

2012-05-12T02:01:21Z

Add mention of security breach. Add HOWTO and API sections.

← Older revision		Revision as of 02:01, 12 May 2012
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	Bitcoinica USD redeemable codes can be redeemed at AurumXChange and then withdrawn as a bank wire transfer to a UK bank.		Bitcoinica USD redeemable codes can be redeemed at AurumXChange and then withdrawn as a bank wire transfer to a UK bank.

			==API==

			An [http://www.bitcoinica.com/pages/api API] is available for automated trading.
			==HOWTO==

			Going long and short can be as simple and placing a buy or sell order at market prices and doing nothing more. Additional techniques for obtaining desired pricing or limiting risk include the use of limit orders, stop orders, and more. A [http://bitcointalk.org/index.php?topic=81339 Bitconica for newbies] post on the [[BitcoinTalk]] forum describes the more advanced uses.

	==History==		==History==
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	Announced on April 20, 2012 was that Bitcoinica had "reorganized" and was now operated as Bitcoinica LP and had become a registered Financial Services Provider<ref>[http://bitcointalk.org/index.php?topic=77523.msg861805#msg861805 Bitcoinica is now a registered Financial Services Provider!]</ref>.		Announced on April 20, 2012 was that Bitcoinica had "reorganized" and was now operated as Bitcoinica LP and had become a registered Financial Services Provider<ref>[http://bitcointalk.org/index.php?topic=77523.msg861805#msg861805 Bitcoinica is now a registered Financial Services Provider!]</ref>.

			On May 11, 2012 Bitcoinica suffered for the second time a security incident in which a large amount of coins were stolen from its hot wallet<ref>[http://bitcointalk.org/index.php?topic=81045.0 Bitcoinica site is taken offline for security investigation]</ref>.

	==External Links==		==External Links==

Sgornick: /* USD */ Add International Wire Transfer method.

2012-04-21T04:58:58Z

USD: Add International Wire Transfer method.

← Older revision		Revision as of 04:58, 21 April 2012
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	* Mt. Gox Reemable Code (USD).		* Mt. Gox Reemable Code (USD).
	* BitInstant. For transferring funds to other exchanges.		* BitInstant. For transferring funds to other exchanges.
			* International Wire Transfer (fee applies).

	===EUR===		===EUR===

Sgornick: /* Liberty Reserve */ Clarify.

2012-04-21T04:58:05Z

Liberty Reserve: Clarify.

← Older revision		Revision as of 04:58, 21 April 2012
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	====Liberty Reserve====		====Liberty Reserve====

	[[Liberty Reserve]] USD and other e-currencies ~~can be converted~~ to a Bitcoinica USD redeemable code ~~at through AurumXChange~~.		* AurumXChange accepts [[Liberty Reserve]] USD and other e-currencies for conversion to a Bitcoinica USD redeemable code
			* BitInstant accepts Liberty Reserve deposits for transfer to a Bitcoinica account.

	===EUR===		===EUR===

Sgornick: /* Redeemable Codes */ Fix link.

2012-04-21T04:56:11Z

Redeemable Codes: Fix link.

← Older revision		Revision as of 04:56, 21 April 2012
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	* Bitcoinica Redeemable Code (BTC).		* Bitcoinica Redeemable Code (BTC).
	* [[MtGox Mt. Gox]] Redeemable Code (BTC).		* [[MtGox\|Mt. Gox]] Redeemable Code (BTC).

	===USD===		===USD===

Sgornick: Add to history the refernce to Bitcoinica becoming a registered Financial Services Provider.

2012-04-21T04:55:43Z

Add to history the refernce to Bitcoinica becoming a registered Financial Services Provider.

← Older revision		Revision as of 04:55, 21 April 2012
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	An exchange that ~~allows~~ contract-for-difference (CFD) ~~speculation on~~ the Bitcoin to USD (BTC/USD) exchange rate ~~using leverage.~~		An exchange that enables leveraged speculation in its contract-for-difference (CFD) market against the Bitcoin to USD (BTC/USD) exchange rate.

	The default margin requirement level is 2.5:1<ref>[http://bitcointalk.org/index.php?topic=52092.0 Bitcoinica changes default leverage to 2.5:1 for everyone]</ref>. The level may raised to 5:1 (or higher) using the self-service settings function.

	The service charges no trading fees but instead earns from the trading spread -- similar to how forex trading functions.		The service charges no trading fees but instead earns from the trading spread -- similar to how forex trading functions.

			==Leverage==

	Caution is recommended for those not familiar with leverage and/or forex trading.		Caution is recommended for those not familiar with leverage and/or forex trading.

	~~Funds may be added in the form of either MTGUSD or Bitcoins~~. ~~Leverage from funds added using bitcoins can purchase an even larger Bitcoin (long) position~~<ref>[http://~~www~~.~~bitcoinmoney.com~~/~~post/11583434953 Bitcoinica - Leveraging Your Bitcoins To Buy~~ ... ~~More Bitcoins~~]</ref>. ~~Similarly, funds added using USDs can be used~~ to ~~sell~~ (~~short~~) ~~bitcoins without already having bitcoins~~.		The default margin requirement level is 2.5:1<ref>[http://bitcointalk.org/index.php?topic=52092.0 Bitcoinica changes default leverage to 2.5:1 for everyone]</ref>. The level may raised to 5:1 (or higher) using the self-service settings function.

	~~The site does not yet provide a terms of service and it is not known~~ from ~~which jurisdiction the service operates~~.		Leverage from funds added using bitcoins can purchase an even larger Bitcoin (long) position<ref>[http://www.bitcoinmoney.com/post/11583434953 Bitcoinica - Leveraging Your Bitcoins To Buy ... More Bitcoins]</ref>. Similarly, funds added using USDs can be used to sell (short) bitcoins without already having bitcoins.

	==Depositing Funds==		==Depositing Funds==
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	===Bitcoins===		===Bitcoins===

	~~Bitcoins are accepted for deposit~~. ~~A Bitcoinica BTC code may also be used for bitcoin deposits that~~ are ~~instantly~~ available for use.		* Bitcoin transaction. Deposit transactions are credited after six confirmations.

			====Redeemable Codes====

			Credited and available for use instantly.

			* Bitcoinica Redeemable Code (BTC).
			* [[MtGox Mt. Gox]] Redeemable Code (BTC).

	===USD===		===USD===
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	====Redeemable Codes====		====Redeemable Codes====

	Bitcoinica USD redeemable codes ~~and~~ Mt. Gox USD redeemable codes are accepted for deposit.		* Bitcoinica USD redeemable codes
			* Mt. Gox USD redeemable codes are accepted for deposit.

	====Internationial Wire====		====Internationial Wire====

	USD ~~funds~~ may be wired to Bitcoinica's bank account in Singapore ~~or to~~ [[AurumXChange Company]] ~~which can fund~~ a Bitcoinica USD redeemable code.		* Funds (USD) may be wired to Bitcoinica's bank account in Singapore.
			* Funds through [[AurumXChange Company]] are then deposited as a Bitcoinica USD redeemable code.

	====Cash deposit====		====Cash deposit====
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	==Withdrawing Funds==		==Withdrawing Funds==

			===Bitcoins===

			* Bitcoin transaction.

			====Redeemable Codes====

			* Bitcoina Redeemable Code (BTC)
			* Mt. Gox Redeemable Code (BTC)

	===USD===		===USD===

	Bitcoinica USD redeemable codes can be redeemed at AurumXChange. USD funds may be used for a bank wire transfer or to load or reload funds for the AurumXChange MasterCard.		* Bitcoinica USD redeemable codes can be redeemed at AurumXChange. USD funds may be used for a bank wire transfer or to load or reload funds for the AurumXChange MasterCard.
			* Mt. Gox Reemable Code (USD).
			* BitInstant. For transferring funds to other exchanges.

	===EUR===		===EUR===
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	The service was launched on September 8, 2011<ref>[https://bitcointalk.org/index.php?topic=42267.0 Bitcoinica - Advanced Bitcoin Trading Platform]</ref>. On March 1st, 2012 the site suffered a significant financial loss when a web hosting had an internal security breach that gave the attacker access to a wallet in which Bitcoinica stored funds. More than 43K bitcoins were stolen by the attacker. The operator provided a statement that reserves were sufficient to cover the loss<ref>[http://bitcointalk.org/index.php?topic=66979.0 Bitcoinica lost 43,554 BTC from Linode compromise, suspicious TXIDs publicized]</ref>.		The service was launched on September 8, 2011<ref>[https://bitcointalk.org/index.php?topic=42267.0 Bitcoinica - Advanced Bitcoin Trading Platform]</ref>. On March 1st, 2012 the site suffered a significant financial loss when a web hosting had an internal security breach that gave the attacker access to a wallet in which Bitcoinica stored funds. More than 43K bitcoins were stolen by the attacker. The operator provided a statement that reserves were sufficient to cover the loss<ref>[http://bitcointalk.org/index.php?topic=66979.0 Bitcoinica lost 43,554 BTC from Linode compromise, suspicious TXIDs publicized]</ref>.

			Announced on April 20, 2012 was that Bitcoinica had "reorganized" and was now operated as Bitcoinica LP and had become a registered Financial Services Provider<ref>[http://bitcointalk.org/index.php?topic=77523.msg861805#msg861805 Bitcoinica is now a registered Financial Services Provider!]</ref>.

	==External Links==		==External Links==

Sgornick: Clarify the type of speculation -- contract for difference (CFD).

2012-03-06T07:59:54Z

Clarify the type of speculation -- contract for difference (CFD).

← Older revision		Revision as of 07:59, 6 March 2012
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	An exchange that allows speculation on the Bitcoin to USD (BTC/USD) exchange rate using leverage.		An exchange that allows contract-for-difference (CFD) speculation on the Bitcoin to USD (BTC/USD) exchange rate using leverage.

	The default margin requirement level is 2.5:1<ref>[http://bitcointalk.org/index.php?topic=52092.0 Bitcoinica changes default leverage to 2.5:1 for everyone]</ref>. The level may raised to 5:1 (or higher) using the self-service settings function.		The default margin requirement level is 2.5:1<ref>[http://bitcointalk.org/index.php?topic=52092.0 Bitcoinica changes default leverage to 2.5:1 for everyone]</ref>. The level may raised to 5:1 (or higher) using the self-service settings function.