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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>


==Theft==
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>
BTC-E has been known to freeze accounts and steal their balances from even well-known community members on their own accord, without any judicial authority or basis.<ref>Actually happened to at least [[User:Luke-jr|Luke-Jr]].</ref>
 
==Features==
 
===Currency pairs===
[http://www.btc-e.com BTC-E] supports the exchange between the major currency pairs, such as:
 
* BTC/USD
* BTC/EUR (Euro)
* BTC/RUR (Russian Ruble)
* USD/RUR
* EUR/USD
* LTC/BTC, LTC/USD, LTC/RUR
* NMC/BTC
 
===Deposit options===
 
====BTC====
There is no fee for depositing bitcoins or depositing (redeeming) a BTC-e [[redeemable code]] (BTC).
 
====USD====
* Cash deposit (USD currency) at Post of Russia
* Cash deposit (USD currency) at various banks: (Savings Bank of Russia (Sberbank), Privatbank, RU/UA Terminals, 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
* Perfect Money
* Qiwi
* [[OKPay]]
* RBK Money
* Additional digital currencies (НСМЭП (NSMEP), Единый Кошелек (Unified Purse), TeleMoney, moneymail, Unikarta, webcreds.com, z-payment, MTS, Альфа-Клик (Alfa-Click), Megafon, Monexy, Pin-Code)
* BTC-e [[redeemable code]], including those obtained from [[BitInstant]] (funding options include QIWI, Cyberplat) and AurumXChange
* International Wire Transfer (Wires in currency other than USD will be converted to USD at no charge<ref>[https://btc-e.com/news/97 Webmoney, Okpay, International bank transfer / EU Bank Transfer (SEPA)]</ref>
 
====EUR====
 
* SEPA bank transfer (fee applies)
 
====RUR====
* QIWI
* LiqPay
* Webmoney WMR
* BTC-e redeemable code
* Bank transfer
 
===Withdraw options===
====BTC====
There is 0.01 BTC fee to withdraw bitcoins. Also available for withdrawal to BTC-e redeemable code (BTC).
 
====USD====
 
* Liberty Reserve
* Webmoney WMZ
* [[PayPal]]
* Perfect Money
* LiqPay
* QIWI
* OKPay
* [[Payza]]/AlertPay
* Epese.com
* Ecoin.cc
* RedPass.com
* Privatbank - USD, UAH
* Savings Bank (Sberbank)
* Telebank
* Alfa Bank
* Wire Transfer
* BTC-E redeemable code (cash out aurumxchange --> MtGox)
 
====EUR====
Withdrawal methods in Euro.
 
* SEPA bank transfer (fee applies)
 
====RUB====
Withdrawal methods in Rubles.
 
* QIWI
* LiqPay
* Webmoney WMR
* Яндекс.Деньги (Yandex)
* RBK Money
* Cash deposit into account at Сбербанка России! (Savings Bank Sberbank), Телебанк (Telebank), and АльфаБанк (Alfa Bank)
* Cash in Moscow, Russia (delivery to your address is possible)
* Transferred to credit card - VISA and MasterCard
* BTC-e redeemable code (RUR)
* Bank transfer
 
==Data Services==
===Linux===
* [https://github.com/3M3RY/tulpenmanie tulpenmanie] graphical trading platform


==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.  On September 3, 2012 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>.
==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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