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BTC-e is a digital currency trading platform and exchange. It was founded in July 2011 and as of February 2015 handles around 2.5% of all Bitcoin exchange volume. It allows trading between the U. S. dollar, Russian ruble and euro currencies, and the bitcoin, litecoin, namecoin, novacoin, peercoin, dash and ethereum cryptocurrencies.
Neither the names of the management, the name of the company nor the jurisdiction of incorporation are known.
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.
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. 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. They later began using the reverse proxy service CloudFlare to help mitigate these attacks, reducing downtime for the exchange.
- Benjamin Guttmann (2014). "The Bitcoin Bible Gold Edition". Books on Demand. pp. 175–176. ISBN 9783732296965.
- "Bitcoin Exchanges Market Share". Bitcoinity. Retrieved 2015-02-10.
- Del Rey, Jason (September 11, 2013). "What’s a Bitcoin Really Worth? CoinDesk Thinks It Has the Answer.". All Things D.
- BTC-e (2011-10-25). "Start trading on a pairs of BTC/RUB, LTC/USD, RUC/RUB, USD/RUB!". Retrieved 2015-11-20.
- User dree12 @ BitcoinTalk. "List of Major Bitcoin Heists".
- Jonathon Millet @ NewsBTC. "BTC-e Reports DDOS Attack Against Their Server".
- "The Bitcoin Bible Gold Edition". google.com.
- "BTC-e Pulls Support for Ruble As Russia Bans Bitcoin". CoinDesk.
- "BTC-e Empowers Veteran Investors with Advanced PAMM Trading Account". CoinDesk.
- "BTC-e Back Online Following DDoS Attack". CoinDesk.
- Digiconomist. "Exchange Review: BTC-e". Digiconomist.
- "BTC-e - Terrorist or Freedom Fighter?". The Merkle.
- "Bitcoin exchange BTC-e, a Mt. Gox alternative, is an Internet black hole". Marketwatch.
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