Bitfloor
A bitcoin currency exchange/trading platform site headquartered in USA - State of New York.
Adding Funds
Funds deposited with the exchange for escrow towards placing a buy order include the following.
BTC
- Adding bitcoins to the account balance incurs no fees.
USD
- In-person cash deposit through Bank of America
- Bank wire transfer
- CapitalOne 360 P2p (formerly ING Person2Person)
Withdrawing Funds
BTC
- There are no fees for Bitcoin withdrawals.
USD
- ACH Bank withdrawal (Direct deposit)
Trading
Trades on the exchange incur a commission (fee). Providers of liquidity receive a rebate giving those offers a price advantage over those trading at market.
Features
The exchange offers a REST API for automated trading
The exchange offers a FIX (Financial Information Exchange) order entry gateway for automated trading[1].
History
The exchange had been operating since 2011 with its first publicity occurring in February 2012[2].
On September 4, 2012 the operator of BitFloor reported a security breach that resulted in the exchange's wallet with 24K BTC being stolen. The site was shuttered and access to customer funds denied as the exchange's reserves were insufficient to accommodate all funds deposited. As of March 8, 2013, 3 months had passed since the last repayment (December 2012), and the operator had been unresponsive.[3]
On April 3, 2012, the website was down for several minutes.[4]
BitFloor is a Money Service Business (MSB) registered with FinCEN (#31000005224108).
