Bitfloor
Bitfloor was a FinCEN-registered Bitcoin currency exchange and trading platform headquartered in New York, USA. In September 2012 Bitfloor reported a theft of about 24,000 BTC.[1] On 17 April 2013 the exchange halted operations after its bank would reportedly close Bitfloor's bank account.[2]
Funding
USD cash deposits were accepted through LocalTill (Bank of America at the time of closing, with a reported 1%–4% fee). Other options included bank wires and CapitalOne 360 P2P. Withdrawals used ACH and required a government-issued ID upload. BTC deposits and withdrawals were fee-free. Large BTC withdrawals were processed manually from cold storage.
Trading
Trades ran through a web interface, a REST API, or a FIX order-entry gateway. Market orders that executed immediately incurred a 0.4% fee. Orders that did not execute immediately received a 0.1% rebate.
History
Bitfloor operated from 2011, with early public attention in February 2012.[3] It registered with FinCEN as a Money Service Business on 15 March 2012.
On 4 September 2012 the operator reported a security breach that emptied an exchange wallet of about 24,000 BTC.[1] Access to customer funds was restricted while reserves were insufficient. Partial repayments were discussed on Bitcointalk into late 2012.
On 17 April 2013 CNET reported that Bitfloor halted after its bank closed the account.[2]