BTC-e

From Infogalactic: the planetary knowledge core
Jump to: navigation, search
BTC-e
Industry Bitcoin Exchange
Founded 2011
Headquarters Russia
Website btc-e.com, btc-e.nz

BTC-e is a digital currency trading platform and exchange.[1] It was founded in July 2011 and as of February 2015 handles around 2.5% of all Bitcoin exchange volume.[2] It allows trading between the U. S. dollar, Russian ruble and euro currencies, and the bitcoin, litecoin, namecoin, novacoin, peercoin, dash and ethereum cryptocurrencies.

It has been a component of the CoinDesk Bitcoin Price Index since the index started in September 2013.[3]

Neither the names of the management, the name of the company nor the jurisdiction of incorporation are known.

History

BTC-e started in July 2011, handling just a few coin pairs, including Bitcoin/U. S. dollar and I0Coin to Bitcoin. By October 2011, they supported many different currency pairs, including Litecoin to dollars, Bitcoin to rubles and RuCoin to rubles.[4]

On July 31, 2012, BTC-e had their Liberty Reserve API Key compromised, the attacker injected thousands of fake U. S. dollars into the site and used it to disrupt the markets. A large amount of Bitcoins were taken during the attack, some sources estimate the equivalent of $35,000 were taken in Bitcoins.[5] The attackers are still unknown, although BTC-e recovered without taking coins from their users.

During 2013 and 2014, BTC-e had many outages related to Distributed Denial of Service attacks.[6] They later began using the reverse proxy service CloudFlare to help mitigate these attacks, reducing downtime for the exchange.

References

[7] [8] [9] [10] [11] [12] [13]