Flexcoin - Revision history

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

2026-09-22T12:59:29Z

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

← Older revision		Revision as of 12:59, 22 September 2026
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	[[File:FlexcoinLogo.jpg]]~~<br />~~		[[File:FlexcoinLogo.jpg\|right\|200px]]

	Flexcoin was an [[EWallet]] ~~ran~~ by Flexcoin Inc in Edmonton Alberta Canada.		'''Flexcoin''' was a bitcoin [[EWallet\|e-wallet]] run by Flexcoin Inc in Edmonton, Alberta, Canada. It differentiated itself by returning most outgoing-transfer fees to account holders as a paid "discount," with no fee on Flexcoin-to-Flexcoin transfers. Transfers inside the service were instant.

			The service ran invite-only in June 2011 and opened to the public on 4 August 2011. It was sold from Yooter to an Edmonton investor group headed by James Gray on 14 March 2012. The earlier article also called it one of the first US-facing bitcoin e-wallets to label itself a "bank" (it was not a licensed bank).

	~~Flexcoin differentiated itself from [[EWallet]]s by providing~~ a ~~paid "discount" to account holders. It generated revenue by charging small transaction fees on outgoing bitcoins but no fees~~ were ~~charged from Flexcoin to Flexcoin accounts. These fees were for the most part forwarded back to~~ the ~~account holders~~.		Personalized payment IDs (for example paying a name such as coffeeshop instead of a raw bitcoin address) were a marketed feature while the service was open.

			== Attack and closure ==
			BBC News reported on 5 March 2014 that Flexcoin was closing after its entire hot wallet was stolen. BBC quoted the company statement: attacked on 2 March 2014, "896 [Bitcoins]" taken from the hot wallet, "closing our doors immediately," with users who had funds in cold storage to be contacted separately.<ref name="bbc">[https://www.bbc.com/news/business-26446142 BBC News, 5 March 2014: Flexcoin bitcoin exchange closes after hack attack]</ref>

	~~Flexcoin was running on an invite only process in June 2011, but invites were filled within minutes of releasing them.~~		An earlier wiki article dated the shutdown announcement to 3 March 2014 and used the same 896 BTC figure. Cold-storage funds were described as out of the attacker's reach.<ref name="bbc" />
	~~Flexcoin went live on August 4th, 2011 to~~ the ~~general public.~~
	~~Flexcoin was sold from [http://www.yooter.com Yooter]~~ to ~~a group of Edmonton based investors, headed by James Gray on March 14th 2012.~~
	On March 3, 2014~~, Flexcoin announced it was shutting down as a hack amounting~~ 896 BTC ~~had left the wallet penniless~~. ~~Users with cold~~ storage ~~wallets on Flexcoin~~ were ~~able to keep the funds~~ out of reach ~~of the hacker~~.

			== External links ==
			* [https://www.bbc.com/news/business-26446142 BBC report on the Flexcoin closure]

	~~Flexcoin offers users an alternative to Bitcoin addresses in the form of personalized addresses:~~		== References ==
			<references />

	~~Example :~~		[[Category:Defunct e-wallets]]
	~~<br>~~		[[Category:Defunct companies]]
	~~Bitcoin: Pay for your coffee at bitcoin address 1555hjPG7pRwTHVMfukPvjXexQMHFE3qu6~~
	~~<br>~~
	~~flexcoin: Pay for your coffee with flexcoin id '''coffeeshop'''~~
	~~<br>~~


	~~As with most [[EWallet]]s, transfers within flexcoin were instant, meaning no next block wait.~~

	~~Flexcoin was one of the first bitcoin eWallets based in the United States and was the first to label itself as a "bank" (though not legally registered as a bank).~~

	~~==External links==~~
	* [http://www.flexcoin.com flexcoin] website

	[[Category:~~eWallets~~]]
	[[Category:~~Financial~~]]

Taras at 20:26, 7 April 2014

2014-04-07T20:26:00Z

← Older revision		Revision as of 20:26, 7 April 2014
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	~~{{outdated}}~~[[File:FlexcoinLogo.jpg]]<br />		[[File:FlexcoinLogo.jpg]]<br />

	Flexcoin is an [[EWallet]] ~~run~~ by Flexcoin Inc in Edmonton Alberta Canada.		Flexcoin was an [[EWallet]] ran by Flexcoin Inc in Edmonton Alberta Canada.


	Flexcoin ~~differentiates~~ itself from [[EWallet]](s) by providing a paid "discount" to account holders. It ~~generates~~ revenue by charging small transaction fees on outgoing bitcoins but no fees ~~are~~ charged from ~~flexcoin~~ to ~~flexcoin~~ accounts. These fees ~~are~~ for the most part forwarded back to the account holders ~~via a "discount" payment~~.		Flexcoin differentiated itself from [[EWallet]]s by providing a paid "discount" to account holders. It generated revenue by charging small transaction fees on outgoing bitcoins but no fees were charged from Flexcoin to Flexcoin accounts. These fees were for the most part forwarded back to the account holders.


	Flexcoin ~~has been~~ running on an invite only process in June 2011, invites were filled within minutes of releasing them.		Flexcoin was running on an invite only process in June 2011, but invites were filled within minutes of releasing them.
	Flexcoin went live on August 4th 2011 to the general public.		Flexcoin went live on August 4th, 2011 to the general public.
	Flexcoin was sold from [http://www.yooter.com Yooter] to a group of Edmonton based investors, headed by James Gray on March 14th 2012.		Flexcoin was sold from [http://www.yooter.com Yooter] to a group of Edmonton based investors, headed by James Gray on March 14th 2012.
			On March 3, 2014, Flexcoin announced it was shutting down as a hack amounting 896 BTC had left the wallet penniless. Users with cold storage wallets on Flexcoin were able to keep the funds out of reach of the hacker.


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	As with most [[EWallet]]s, transfers within flexcoin ~~are~~ instant, meaning no next block wait.		As with most [[EWallet]]s, transfers within flexcoin were instant, meaning no next block wait.

	Flexcoin was one of the first bitcoin eWallets based in the United States and is the first to label itself as a "bank" (though not legally registered as a bank).		Flexcoin was one of the first bitcoin eWallets based in the United States and was the first to label itself as a "bank" (though not legally registered as a bank).

	==External links==		==External links==

Taras: Not for deletion

2014-04-06T16:53:12Z

Not for deletion

← Older revision		Revision as of 16:53, 6 April 2014
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	{{~~AfD\| Hacked, may confuse new users~~ }}		{{outdated}}[[File:FlexcoinLogo.jpg]]<br />
	[[File:FlexcoinLogo.jpg]]<br />

	Flexcoin is an [[EWallet]] run by Flexcoin Inc in Edmonton Alberta Canada.		Flexcoin is an [[EWallet]] run by Flexcoin Inc in Edmonton Alberta Canada.

Taras: new tag

2014-04-05T18:42:09Z

new tag

← Older revision		Revision as of 18:42, 5 April 2014
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	{{~~delete~~\| Hacked, may confuse new users }}		{{AfD\| Hacked, may confuse new users }}
	[[File:FlexcoinLogo.jpg]]<br />		[[File:FlexcoinLogo.jpg]]<br />

Btcto at 06:06, 5 March 2014

2014-03-05T06:06:49Z

← Older revision		Revision as of 06:06, 5 March 2014
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			{{delete\| Hacked, may confuse new users }}
	[[File:FlexcoinLogo.jpg]]<br />		[[File:FlexcoinLogo.jpg]]<br />

Flexcoin Inc at 19:50, 6 September 2013

2013-09-06T19:50:37Z

← Older revision		Revision as of 19:50, 6 September 2013
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	[[File:FlexcoinLogo.jpg]]<br />		[[File:FlexcoinLogo.jpg]]<br />

	Flexcoin is an [[EWallet]] run by ~~Yooter InterActive Marketing~~ in ~~Pottsville, PA~~.		Flexcoin is an [[EWallet]] run by Flexcoin Inc in Edmonton Alberta Canada.


			Flexcoin differentiates itself from [[EWallet]](s) by providing a paid "discount" to account holders. It generates revenue by charging small transaction fees on outgoing bitcoins but no fees are charged from flexcoin to flexcoin accounts. These fees are for the most part forwarded back to the account holders via a "discount" payment.

	Flexcoin differentiates itself from [[EWallet]](s) by providing a paid "discount" to account holders. It generates revenue by charging small transaction fees on outgoing bitcoins but no fees are charged from flexcoin to flexcoin accounts. These fees are for the most part forwarded back to the account holders via a "discount" payment. (currently 70% of all flexcoin collected fees are forwarded back to account holders).

	Flexcoin has been running on an invite only process in June 2011, invites were filled within minutes of releasing them.		Flexcoin has been running on an invite only process in June 2011, invites were filled within minutes of releasing them.
	Flexcoin went live on August 4th 2011 to the general public.		Flexcoin went live on August 4th 2011 to the general public.
			Flexcoin was sold from [http://www.yooter.com Yooter] to a group of Edmonton based investors, headed by James Gray on March 14th 2012.


	Flexcoin offers users an alternative to Bitcoin addresses in the form of personalized addresses:		Flexcoin offers users an alternative to Bitcoin addresses in the form of personalized addresses:
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	flexcoin: Pay for your coffee with flexcoin id '''coffeeshop'''		flexcoin: Pay for your coffee with flexcoin id '''coffeeshop'''
	<br>		<br>


	As with most [[EWallet]]s, transfers within flexcoin are instant, meaning no next block wait.		As with most [[EWallet]]s, transfers within flexcoin are instant, meaning no next block wait.

	~~It is~~ one of the first bitcoin eWallets based in the United States and is the first to label itself as a "bank" (though not legally registered as a bank).		Flexcoin was one of the first bitcoin eWallets based in the United States and is the first to label itself as a "bank" (though not legally registered as a bank).

	==External links==		==External links==
	* [http://www.flexcoin.com flexcoin] website		* [http://www.flexcoin.com flexcoin] website
	* [http://www.yooter.com Yooter] (Parent Company)

	[[Category:eWallets]]		[[Category:eWallets]]
	[[Category:Financial]]		[[Category:Financial]]

Luke-jr: Less propaganda, more facts.

2011-08-27T16:26:35Z

Less propaganda, more facts.

← Older revision		Revision as of 16:26, 27 August 2011
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	[[File:FlexcoinLogo.jpg]]<br />		[[File:FlexcoinLogo.jpg]]<br />

	Flexcoin ~~bills itself as the first real Bitcoin bank~~.		Flexcoin is an [[EWallet]] run by Yooter InterActive Marketing in Pottsville, PA.

	~~Run~~ by ~~Yooter InterActive Marketing in Pottsville, PA it allows~~ for a ~~central location for~~ all ~~bitcoin only transactions~~.		Flexcoin differentiates itself from [[EWallet]](s) by providing a paid "discount" to account holders. It generates revenue by charging small transaction fees on outgoing bitcoins but no fees are charged from flexcoin to flexcoin accounts. These fees are for the most part forwarded back to the account holders via a "discount" payment. (currently 70% of all flexcoin collected fees are forwarded back to account holders).

	Flexcoin differentiates itself from [[EWallet]](s) by providing a paid discount to the account holders. It generates revenue by charging small transaction fees on outgoing bitcoins but no fees are charged from flexcoin to flexcoin accounts. These fees are for the most part forwarded back to the account holders via a discount payment. (currently 70% of all flexcoin collected fees are forwarded back to account holders).		Flexcoin has been running on an invite only process in June 2011, invites were filled within minutes of releasing them.

	~~The bitcoin bank~~ has been running on an invite only process in June 2011, invites were filled within minutes of releasing them.
	Flexcoin went live on August 4th 2011 to the general public.		Flexcoin went live on August 4th 2011 to the general public.

	~~Significant attention is focused on "obtaining the best ID possible" similar~~ to ~~a one word domain name as~~ the ~~ID can be used to transfer bitcoins.~~		Flexcoin offers users an alternative to Bitcoin addresses in the form of personalized addresses:

	Example :		Example :
	<br>		<br>
	~~Before flexcoin~~: Pay for your coffee at bitcoin address 1555hjPG7pRwTHVMfukPvjXexQMHFE3qu6		Bitcoin: Pay for your coffee at bitcoin address 1555hjPG7pRwTHVMfukPvjXexQMHFE3qu6
	<br>		<br>
	~~After~~ flexcoin: Pay for your coffee with flexcoin id '''coffeeshop'''		flexcoin: Pay for your coffee with flexcoin id '''coffeeshop'''
	<br>		<br>

	~~Another significant development is that~~ transfers ~~from ID to ID~~ are instant, meaning no next block wait.		As with most [[EWallet]]s, transfers within flexcoin are instant, meaning no next block wait.

	It is one of the first bitcoin eWallets based in the United States and is the first to label itself as a "bank".		It is one of the first bitcoin eWallets based in the United States and is the first to label itself as a "bank" (though not legally registered as a bank).

	==External links==		==External links==

Ysoliman: Added logo and edited text

2011-08-27T06:12:56Z

Added logo and edited text

← Older revision		Revision as of 06:12, 27 August 2011
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	Flexcoin bills itself as the first ~~bitcoin~~ bank.		[[File:FlexcoinLogo.jpg]]<br />

			Flexcoin bills itself as the first real Bitcoin bank.

	Run by Yooter InterActive Marketing in Pottsville, PA it allows for a central location for all bitcoin only transactions.		Run by Yooter InterActive Marketing in Pottsville, PA it allows for a central location for all bitcoin only transactions.
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	The bitcoin bank has been running on an invite only process in June 2011, invites were filled within minutes of releasing them.		The bitcoin bank has been running on an invite only process in June 2011, invites were filled within minutes of releasing them.
	Flexcoin went live ~~Aug~~ 4th 2011 to the general public.		Flexcoin went live on August 4th 2011 to the general public.

	Significant attention is focused on "obtaining the best ID possible" similar to a one word domain name as the ID can be used to transfer bitcoins.		Significant attention is focused on "obtaining the best ID possible" similar to a one word domain name as the ID can be used to transfer bitcoins.
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	Before flexcoin: Pay for your coffee at bitcoin address 1555hjPG7pRwTHVMfukPvjXexQMHFE3qu6		Before flexcoin: Pay for your coffee at bitcoin address 1555hjPG7pRwTHVMfukPvjXexQMHFE3qu6
	<br>		<br>
	After flexcoin: Pay for your coffee at flexcoin id coffeeshop		After flexcoin: Pay for your coffee with flexcoin id '''coffeeshop'''
	<br>		<br>

The founder at 15:35, 10 August 2011

2011-08-10T15:35:39Z

← Older revision		Revision as of 15:35, 10 August 2011
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	Example :		Example :
			<br>
	Before flexcoin: Pay for your coffee at bitcoin address 1555hjPG7pRwTHVMfukPvjXexQMHFE3qu6		Before flexcoin: Pay for your coffee at bitcoin address 1555hjPG7pRwTHVMfukPvjXexQMHFE3qu6
			<br>
	After flexcoin: Pay for your coffee at flexcoin id coffeeshop		After flexcoin: Pay for your coffee at flexcoin id coffeeshop
			<br>

	Another significant development is that transfers from ID to ID are instant, meaning no next block wait.		Another significant development is that transfers from ID to ID are instant, meaning no next block wait.

The founder at 15:35, 10 August 2011

2011-08-10T15:35:16Z

← Older revision		Revision as of 15:35, 10 August 2011
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	Example :		Example :
	Before flexcoin: Pay for your coffee at bitcoin address ~~17KxFiNCwDXdxDxUMhWb7RLj7REnSJ1M8P~~		Before flexcoin: Pay for your coffee at bitcoin address 1555hjPG7pRwTHVMfukPvjXexQMHFE3qu6
	After flexcoin: Pay for your coffee at flexcoin id coffeeshop		After flexcoin: Pay for your coffee at flexcoin id coffeeshop