BTC-e

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BTC-e
BTC-e.jpg
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