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A [[currency exchange]] with market for trading between bitcoins and other currencies, including the U.S. dollar, Russian ruble and other cryptocurrencies [[Litecoin]] and [[Namecoin]]. The site has Russian and English user interface translations.
{{infobox company|name=BTC-e|image=[[File:BTC-e.jpg|256px]]
|industry=[[Exchange|Fiat exchange]]
|foundation=August 7, 2011
|defunct=July 26, 2017
|keypeople=[[Alexander Vinnik]]
|parent=Always Efficient LLP
|pairs=
|website=https://btc-e.com
}}'''BTC-e''' was a bitcoin exchange that allowed trading bitcoins for fiat or [[altcoin]]s. It was regarded as a "Big Four" exchange,<ref>http://www.coindesk.com/price/ Coindesk BPI</ref> having once handled 2.5% of all Bitcoin exchange volume.<ref>{{cite web|url=http://bitcoinity.org/markets/list |title=Bitcoin Exchanges Market Share |publisher=Bitcoinity |accessdate=2015-02-10}}</ref>


The methods allowed for adding funds to an account are [[Liberty Reserve]], Webmoney WMZ, Interkassa.com and their own BTC-E [[redeemable code|redeemable codes]].  The withdrawal methods are Webmoney WMZ, [[Liberty Reserve]], QIWI, LiqPAY and BTC-E redeemable code. BTC-E redeem codes exchange provided by [[AurumXchange Company]] and [[BitInstant]].
In 2017, the exchange was shut down and revealed to have been the destination of stolen funds from [[Mt. Gox]], [[Bitcoinica]], and [[Bitfloor]].<ref>{{cite web|url=http://blog.wizsec.jp/2017/07/breaking-open-mtgox-1.html#more |title=Breaking open the MtGox case, part 1 |publisher=[[Wizsec]] |accessdate=2017-07-29}}</ref>
 
==Features==
 
===Currency pairs===
[http://www.btc-e.com BTC-E] supports the exchange between the major currency pairs, such as:
* BTC/USD
* BTC/RUR (Russian Ruble)
* USD/RUR
* LTC/BTC, LTC/USD
* NMC/BTC
 
===Deposit options===
 
====USD====
 
* Cash deposit (USD currency) at various banks: (Privatbank, RU/UA Terminals, Post of Russia, Savings Bank of Russia (Sberbank), Russian banks, Евросеть (Euroset), Лидер (Lider), Contact, Anelik, UNIStream)
* [[Liberty Reserve]]
* Webmoney WMZ (with volume discount available<ref>If the amount to deposit more than 30 WMZ, fee is reduced to 0.08%. Contact support site support via private message for details</ref>)
* Interkassa.com (VISA, MasterCard, PayPal, LiqPay, etc.)
* Yandex.ru
* LiqPay
* PerfectMoney
* Qiwi
* [[OKPay]]
* Additional digital currencies (НСМЭП (NSMEP), Единый Кошелек (Unified Purse), TeleMoney, moneymail, rbkmoney, Unikarta, webcreds.com, z-payment, MTS, Альфа-Клик (Alfa-Click), Megafon, Monexy, Pin-Code)
* BTC-e Code included those obtained from [[BitInstant]] (funding options include QIWI, Cyberplat) and AurumXChange
* International Wire Transfer
 
====RUR====
 
* QIWI
* LiqPay
* Webmoney WMR
* Bank transfer
 
===Withdraw options===
====BTC====
There is no fee to withdraw bitcoins.
 
====USD====
 
* Webmoney WMZ
* Liberty Reserve
* [[PayPal]]
* Perfect Money
* LiqPay
* QIWI
* OKPay
* [[Payza]]/AlertPay
* Epese.com
* Ecoin.cc
* RedPass.com
* Privatbank USD
* Privatbank UAH
* Savings Bank (Sberbank)
* Telebank
* Alfa Bank
* Wire Transfer
* BTC-E code (cash out aurumxchange --> MtGox)
 
====RUB====
For (not only) Russian User, the following withdrawal to the following is available.
 
* АльфаБанк (Alf Bank)
* Телебанк (Telebank)
* ПриватБанк (Privat)
* Яндекс.Деньги (Yandex)
* Сбербанка России! (Sberbank)
* RBK Money


==History==
==History==
The site was first announced on July 17, 2011<ref>[http://bitcointalk.org/index.php?topic=29698.0 Btc-e.com exchange for the exchange of BTC <-> USD]</ref> with test mode trading.  Live trading began on August 7, 2011.<ref>[http://bitcointalk.org/index.php?topic=29698.msg437237#msg437237 Btc-e.com]</ref>


The site was first announced on July 17, 2011<ref>[http://bitcointalk.org/index.php?topic=29698.0 Btc-e.com exchange for the exchange of BTC <-> USD]</ref> with test mode trading. Live trading began on August 7, 2011<ref>[http://bitcointalk.org/index.php?topic=29698.msg437237#msg437237 Btc-e.com]</ref>.
On July 31, 2012, the service reported a security incident in which halted trading and caused financial loss to the exchange. The exchange says it covered losses from reserves and trading resumed in a matter of hours.<ref>[https://btc-e.com/news/81 News / Trade is stopped]</ref>


On July 31, 2012 the service reported a security incident in which halted trading and caused financial loss to the exchange. The exchange says it covered losses from reserves and trading resumed in a matter of hours<ref>[https://btc-e.com/news/81 News / Trade is stopped]</ref>.
On August 2, 2012, the service added an API for trading, but still lacked an API for bitcoin withdrawals (something offered by every other major exchange). On August 20, 2012 the service added the BTC/RUR and USD/RUR trading pairs. On September 3 the service added numerous RUR deposit and withdawal methods as well as more USD deposit and withdrawal methods.<ref>[https://btc-e.com/news/87 News / Update commissions deposit & withdrawal + add new methods withdrawal]</ref>


On August 2, 2012 the service added an API for trading, but still lacks an API for bitcoin withdrawals (something offered by every major exchange).  On August 20, 2012 the service added BTC/RUR and USD/RUR trading markets.
==Criticism==
Bitcoin community member [[User:Luke-jr|Luke-Jr]] claims that BTC-E has frozen his account and funds on their own accord.{{cite}}


==See Also==
==See Also==


* [[Buying bitcoins]]
* [[Alexander Vinnik]]
* [[Selling bitcoins]]
* [[Collapse of Mt. Gox]]
 
==External Links==
 
* [http://www.btc-e.com BTC-E] exchange website


==References==
==References==

Latest revision as of 20:49, 29 July 2017

BTC-e
IndustryFiat exchange
FoundedAugust 7, 2011
DefunctJuly 26, 2017
Key peopleAlexander Vinnik
ParentAlways Efficient LLP
Websitehttps://btc-e.com

BTC-e was a bitcoin exchange that allowed trading bitcoins for fiat or altcoins. It was regarded as a "Big Four" exchange,[1] having once handled 2.5% of all Bitcoin exchange volume.[2]

In 2017, the exchange was shut down and revealed to have been the destination of stolen funds from Mt. Gox, Bitcoinica, and Bitfloor.[3]

History

The site was first announced on July 17, 2011[4] with test mode trading. Live trading began on August 7, 2011.[5]

On July 31, 2012, the service reported a security incident in which halted trading and caused financial loss to the exchange. The exchange says it covered losses from reserves and trading resumed in a matter of hours.[6]

On August 2, 2012, the service added an API for trading, but still lacked an API for bitcoin withdrawals (something offered by every other major exchange). On August 20, 2012 the service added the BTC/RUR and USD/RUR trading pairs. On September 3 the service added numerous RUR deposit and withdawal methods as well as more USD deposit and withdrawal methods.[7]

Criticism

Bitcoin community member Luke-Jr claims that BTC-E has frozen his account and funds on their own accord.[citation needed]

See Also

References

  1. ↑ http://www.coindesk.com/price/ Coindesk BPI
  2. ↑ "Bitcoin Exchanges Market Share". Bitcoinity. http://bitcoinity.org/markets/list. Retrieved 2015-02-10.
  3. ↑ "Breaking open the MtGox case, part 1". Wizsec. http://blog.wizsec.jp/2017/07/breaking-open-mtgox-1.html#more. Retrieved 2017-07-29.
  4. ↑ Btc-e.com exchange for the exchange of BTC <-> USD
  5. ↑ Btc-e.com
  6. ↑ News / Trade is stopped
  7. ↑ News / Update commissions deposit & withdrawal + add new methods withdrawal
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