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| A bitcoin [[currency exchange]] site.
| | Formerly a bitcoin [[currency exchange]] site. |
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| This exchange escrows funds before trading and then matches buyers with sellers. The exchange's web site shows copyright Bitcoin7. The Terms of Service describses how the terms of Use shall be governed by the laws applicable in the Republic Bulgaria. Bitcoin7 and Bitcoin7.com represents.
| | Bitcoin7 and Bitcoin7.com represents. |
| Further: | | Further: |
| * "the European operations performed by "AbuDhabi 2010" EOOD, a company registered in the European Union, Bulgaria, Sofia" | | * "the European operations performed by "AbuDhabi 2010" EOOD, a company registered in the European Union, Bulgaria, Sofia" |
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| * "the US operations performed by "Risk Asset Management" LLC, a company registered in Las Vegas, Nevada, USA" | | * "the US operations performed by "Risk Asset Management" LLC, a company registered in Las Vegas, Nevada, USA" |
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| ==Adding Funds==
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| Funds deposited with the exchange for escrow towards placing a buy order include the following. Bitcoin7 operates in 5 markets as of June 2011 (USD, EUR, PLN, SAR, BGN)
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| ===Deposit===
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| * [[Dwolla]] (instant)
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| * [[Liberty Reserve]] (instant)
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| * [[CashU]] (instant)
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| * US Bank Transfer (CitiBank (US)) (A $15 fee is incurred, 1-3 business days)
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| * EU Bank Transfer (FIBank (EU)) (free, 1-3 business days)
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| * [[PaysafeCard]] You initiate a PaySafeCard transfer (0-12% fee, Instant)
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| * [[EBank]] (DE,AT,BE,NL,CH) (3% fee, Instant)
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| * [[DotPay]] (2-5%fee, instant)
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| * [[ePay]] (1.2% fee, instant)
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| ===BTC===
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| * Adding bitcoins to the account balance incurs no fees.
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| ==Mtgox==
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| * Send funds directly from your mtgox account (1% fee, instant)
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| ==Withdrawing Funds==
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| * [[Dwolla]] Incurs Dwolla's $0.25 per-transaction fee.
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| * [[Liberty Reserve]] (Fees 1% up to maximum of $2.95 USD per transaction)
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| * [[ePay]]
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| * Bank wire (fees, 1-3 days)
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| ==Trading==
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| Limit orders are placed with a specific price. When a counter-party is found, the trade will execute. Partial fills are possible.
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| Market orders are accommodated through a method that involves quotations.
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| ===Fees===
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| Trades on the exchange incur a commission (fee) of .57% each trade. The rate is specified in the user's account profile. A unique aspect of their fee structure incorporates affiliate marketing which seems (2011) to be a new marketing trend (Tradehill). Users are given the opportunity to promote the site and share in fees the business generates which has the effect of lowering there fees: [http://goo.gl/t24VX Earn 20%].
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| ==History== | | ==History== |
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| The exchange was announced on June 15, 2011<ref>[http://forum.bitcoin.org/index.php?topic=17043.msg219839#msg219839 Bitcoin7.com - Brand new exchange market!]</ref>. During the first days the exchange hit some turbulence as described in their post following their first week of operation<ref>[http://forum.bitcoin.org/index.php?topic=21526.0 Bitcoin7 - Official letter, following first week of operation]</ref> | | The exchange was announced on June 15, 2011<ref>[http://bitcointalk.org/index.php?topic=17043.msg219839#msg219839 Bitcoin7.com - Brand new exchange market!]</ref>. On October 5, 2011 a message on the site claimed that they became the victim of a pre-planned hacker attack, that customer funds were lost and that the service was ending. |
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| ==See Also==
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| * [[Buying bitcoins]]
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| ==External Links==
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| * [http://goo.gl/Gst0D Bitcoin7.com] Official Site
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| ==See Also== | | ==See Also== |
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| * [[Buying bitcoins]] | | * [[Buying bitcoins]] |
| * [[Selling bitcoins]] | | * [[Selling bitcoins]] |
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| ==References== | | ==References== |
| <references/> | | <references/> |
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| [[Category:Exchanges]]
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| [[Category:eWallets]]
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Formerly a bitcoin currency exchange site.
Bitcoin7 and Bitcoin7.com represents.
Further:
- "the European operations performed by "AbuDhabi 2010" EOOD, a company registered in the European Union, Bulgaria, Sofia"
- "the US operations performed by "Risk Asset Management" LLC, a company registered in Las Vegas, Nevada, USA"
History
The exchange was announced on June 15, 2011[1]. On October 5, 2011 a message on the site claimed that they became the victim of a pre-planned hacker attack, that customer funds were lost and that the service was ending.
See Also
References