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Best Coin Exchange » BTCe
BTCe
User rating
Our Rating

BTCe

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    Company name
  • Company: BTC-e
    Founded: 2011
  • Server location
  • Server Location: CY
  • Company's turnover in dollars
  • Turnover: $185,219,691.55 monthly
  • Mobile version
  • Mobile version: No
  • BTC price
  • Current BTC price: -
  • Available currencies
  • Currencies: CNY, EUR, RUB
  • Withdrawal fee
  • Fee: From 0.2%
  • Withdrawal time
  • Time: 0.5 day
  • Application programming interface
  • API: Yes
  • Support via
  • Support: Tickets, Email

BTC-e Review

 

BTC-e is an online platform that allows people trade Bitcoins for different currencies worldwide including USD, RUR, EUR, CNH, GBP, and other digital currencies like Litecoin, Namecoin, Novacoin, Terracoin, Peercoin, Feathercoin, Primecoin, etc. However the international wire transfers from US banks or US citizens are not accepted anymore.

However, BTC-e cannot guarantee you total privacy as they would share user e-mail addresses, transactions and trade data if requested by government authorities. Also, some withdraw methods require BTC-e to use the personal user details like name, e-mail, phone number, address, bank account details, etc. Nevertheless, BTC-e may receive and send this information via encrypted e-mails.

BTC-e imposes a standard 0.2% – 0.5% fee for the transactions made on their platform. The funds usually are on hold til the identity is verified. Also, newly registered users cannot withdraw money from their account within 3 work days. In general BTC-e has a reasonable time of transferring funds to one or another account.

BTC-e is based in Bulgaria but operates the jurisdiction of Cyprus. European Union laws apply here what means strict data retention laws. The server is also located in Europe.

Their domain was registered on 17 June 2011. It gives us a clue that they had an interest in digital currencies even before the Bitcoin got popular worldwide.

The last 30 days turnover reaches $185,219,691.55 which is a huge amount. Many users entrust their money to this exchange as we can see. Unofficially it is a third largest exchange in the world wide web.

Further feature is quite a rare one in such websites – the chat. Registered users can send their messages that can be seen by every website visitor. The promotion of you selling/buying currencies is more than welcome there. Therefore, the chat history of 4 months is available hence you will not miss out on the deal if there is more offers that pushed the message out of the chat box.

This exchange does not have their mobile app unfortunately. We believe it would be a big boost for their business to implement such feature in the future. Nevertheless their website is available in three different languages – English, Chinese and Russian. It covers a nice portion of around 1,700,000,000 people that can read the website in their native language.

The support is available in a form of tickets, chat and e-mail.

The trade API is offered by BTC-e which extends the website functionality and allows third parties like banking institutions to automate the transactions.

All in all we liked BTC-e services. A point of their jurisdiction is a bit disappointing but other factors that we liked out-weighs it significantly.

We liked:

- Exchanging various crypto-currencies
- Huge experience
- High turnover
- Chat history
- API available

We weren’t so sure about:

- User protection
- Fees
- Uncertain owners

We hated:

- Not responsive design
- No mobile version

3 POST COMMENT
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3 Comments
  • May 1, 2014

    Hi, I use this exchange always and never had a problem, thus service is a bit slow.

    Reply
  • May 1, 2014

    BTCe llike others are fraud. All these bitcoins and other pseudo coins are fraud. I have lost millions in this business!!!

    Reply
  • May 5, 2014

    Hi all, BTC-e looks nice but i never tried it. I red on forums that its most solid and with a old market presence, but I dont trust russian business. Anyone had long term usage of this one?

    Reply