We inform you that starting from 1st of May 2018, our platform will be closed. Operations stopped back on 1st of February but you still could stock your bitcoins on our platform.
Please withdraw all your balances before the 1st of May.
On 22nd of January our company has received a letter from Idea Bank informing us of the closure of our bank accounts within 15 days (although legally we should get 60 days’ notice). It is the 4th bank account closed for our company in the last 12 months. Some time ago we have taken the decision that we will not seek new bank accounts in case these ones are shut down, reason being that the constant bank account changes and lack of permanent stable solutions prevents us from developing our business with the speed we want.
Fiat operations timeline:
- Fiat deposits and withdrawals will be operational until 1st of February. Please withdraw your fiat balances (RON, EUR, USD) before that day.
- Starting the 1st of February, only bitcoin withdrawals will be possible
- All remaining fiat balances will be converted on 1st of February to bitcoins and credited to the customers’ accounts. We will not be able to process fiat withdrawals, since we will not have a bank account.
- This is an unusual situation for us, so please be prepared for withdrawals to take a bit longer than usual while we work on details around the bank accounts’ closure.
Our goal was always to develop a world class trading platform. In order to increase the volumes substantially some changes had to be made to the parameters of our system, mainly: fee reductions, API launch and substantial investments in marketing. All these actions require us to sacrifice short-term profit for long-term results. But having no trust in the long-term stability of our banking solutions, makes it irrational to sacrifice the short-term profitability for uncertain gains in the future. Short-term profitability requires an opposite set of parameters: high fees, savings on marketing costs and restrictions to the market engine through API.
For some time, we are working on launching a new type of exchange, completely decentralized and censorship resistant, without ties to the banking system. A product that in our view will be able to grow without friction from bureaucrats and will not be able to be stopped by persons who 1) have no understanding of the space and 2) have power to sign papers that can stop a business.
For us, this situation is a good one because it gives us the push to concentrate on the projects that we want to launch for a long time but are constrained in time due to dealings with the banks.
For those who are questioning whether this situation is bad news for bitcoin, we can tell only one thing: it is precisely the belief in bitcoin and the crypto space in general that makes the decision of not looking for alternative banking solutions so easy for us. Our next step is to go dipper into the crypto economy, our current bitcoin-fiat exchange being exactly in the middle (between banking and crypto).
During the last 14 months from the moment BTCxChange was relaunched under a new team and leadership, we have learned a lot about the current system. An archaic decision-making mechanism filled with incompetent people but with power to stop businesses. The banking system looks like a dinosaur cannibalizing itself, since the bank is no longer a service provider but a privilege that can be taken at any time. Who will become the winner in the end, time will show, but from our point of view, the banking system starts decomposing and there are only 2 questions that matter: 1) how long this process will take and 2) how much bad smell will be produced in the process.
We encourage entrepreneurs to enter the crypto space, to look for opportunities to create added value, to count profit in crypto and to stay away from partnerships with the banking system. The crypto economy offers ample opportunities to conduct deterministic business and agreements, free of subjectivism and multiple interpretations, without shortsighted and counterproductive lawmaking. And the most important thing is, the opportunity to grow your business without obstacles, the only limit being your imagination and the processing power of the blockchain which will inevitably increase dramatically in the times ahead.
Smart Contracts introduced by Ethereum and other platforms offer a ripe sector for developers that are looking for a sector to apply their knowledge to. Surely these contracts will become part of the social construct. Entering this space now, will make one of the first experts in a field that will surround us in the future.
I will end this message with a thanks to all the customers that have used our services and hope to leave a positive impression behind. With some of you we hope to interact in the future through new projects.
For making fiat-crypto conversions you can use one of the following services:
Please be informed that 24th of January is a Bank Holiday in Romania, therefore we will not be able to process fiat deposits and withdrowals on that day. All operations will resume on Thursday, 25th of January.
Please be informed that on the following days our bank will not be working due to the winter holidays:
- 25-26 December
- 1-2 January
On this days fiat deposits and withdrawals will not be processed. All operations will resume on the following working day. Bitcoin deposits and withdrawals are unaffected.
Marry Christmas and a Happy New Year!
After some complaints about the way in which our ICO Market works we have decided to take the service down until we figure out a better way to offer this product. We believe that it is more important to do one thing really well rather then do multiple things of questionable quality. As a result of this decission, the ability to buy new ICO tokens will be suspended on our website.
Customers that have already purchased tokens will be able to withdraw them as expected as soon as the tokens will become transferrable. Your tokens are safe.
Operating the ICO Market for the last couple of months gave us a crucial understanding of how the ICO industry works and we will use this knowledge to come up with products that will address precisely the needs of this space.
We have updated our fee schedule to reflect the numerous requests we have received from you regarding the fees. We have removed proportional fees for deposits/withdrawals, leaving a flat fee for withdrawals, while all bank deposits are now free of charge. From now on you will pay a proportional fee on the traded volume.
Please check the updated fee schedule here.
Thursday, 30th November and Friday, 1st of December are Bank Holidays in Romania, therefore the banks will not work on these days and we will not be able to process fiat deposits and withdrawals. Fiat operations will be restored on Monday, 4th December. Bitcoin deposits and withdrawals are unaffected.
Thank you very much for using our service, your trust and happiness is what gives us energy to create. Your activity on our platform makes it possible for us to grow our company and offer new releases. We are extremely happy to launch our new design for the platform as well as the new address for our service at BTCxCHANGE.COM. From now on we will have the single point of access at the btcxchange.com endpoint and our sites at .net and .ro will be redirected here.
Given the latest rise in the price of Bitcoin we hope you have been able to lock in some nice profits. Bitcoin and the crypto space in general is maturing and we are maturing as well. This change is meant to solidify our company in your eyes and allow us to tap intro new sources of growth, all in order to create a world class product. Thanks again for your continued support and I hope to see you happy while using our products.
We hope you will enjoy the new look as well as the new services that will be coming soon.
You can now open a corporate account on BTCxChange by uploading the necessary documentation through the website. It now takes a few clicks to open a corporate account, after registering an account go to My Account > Verification and choose "Corporate account" at the top of the page.
The 15th of August is a Bank Holiday in Romania, therefore no fiat deposits or withdrawals will be processed on this day. Bitcoin deposits and withdrawals are unaffected. Normal services will resume Wednesday 16th of August.
Bitcoin deposits and withdrawals were successfully restored. We remind you that all bitcoin withdrawals and deposits were suspended for the previous 36 hours due to the Bitcoin Cash hard fork and the anticipated disruption of the bitcoin network.
It looks like the risks of any disruptions are minimal, therefore we have decided to reactivate all services.
On August 1st, an initiative known as Bitcoin Cash will separate itself from the Bitcoin blockchain through a hard fork. If you have bitcoins on August 1st, you will have an equal amount of bitcoin cash tokens on the other blockchain. The main requirement is that you own the private keys that give access to your bitcoins yourself.
The hard fork may cause some network disruption. Therefore the following measure will be taken as a precaution.
- On July 31st 12:00 GMT all bitcoin deposits and withdrawals will be temporarily suspended.
We hope this suspension will not last more than 48 hours. In all this period your bitcoins will be safe.
We will not provide support for the Bitcoin Cash hard fork, therefore if you want to access Bitcoin Cash tokens, you should withdraw your coins to a private wallet before the above mentioned deadline.
We will keep you informed during whole of this period.
The commission for purchases from the ICO Market has been reduced to 17.5%, meaning that when you buy 100$ worth of ICOs you pay 117.5$. The commission is included directly in the price of the ICOs and covers our operational costs and the transaction fee for the token purchase.
Please note that when viewing ICO prices in a currency different than the ICO currency, there is a conversion involved, therefore the prices can fluctuate in real-time.
We have now launched the BTCxChange UnionPay Debit Card. You can now order one through Withdrawals > UnionPay Debit Card. This card can be loaded with USD from your BTCxChange account and used to withdraw funds at ATMs, pay online and in stores.
Advantages of using the card:
- No need to wait for wire transfers, you can load the card directly from your BTCxChange account
- Keep your funds in Bitcoin and benefit from the appreciation of bitcoins
- Issue fee: 25 USD
- Conversion fee USD > Your Currency (when paying and withdrawing from ATMs) - 0%
- Loading fee: 3.99% (minimum 10 USD)
- ATM withdrawal: 4.15 USD
- Balance check ATM: 2.75 USD
- Payment at POS: 1.25 USD
- Payments/Withdrawals - 10,000 USD / month
- Maximum payment/withdrawal amount - 2,000 USD
* The UnionPay Card is not a Visa or Mastercard and therefore will not work at all ATMs, please check if this type of card is accepted in your region. UnionPay cards are accepted in the EuroNet network of ATMs.
ICO or Initial Coin Offering is a process by which new cryptocurrencies are entering into circulation. In the past years Bitcoin inspired many new cryptocurrencies based on the blockchain protocol. This new coins offer various advantages and improvements over bitcoin as well as original solutions to real-world problems in the social, technological and economical sectors. ICOs represent a new way to finance new and extraordinary projects. Back in 2009 when Bitcoin was launched you could buy a handful for under $0.01, however due to its underlying properties it quickly rose in value. By buying new cryptocurrencies at the time of the ICO you have the chance to contribute to their launch and development as well as the projects behind them, in return you get the chance to own the new coins at an advantageous price.
Why buy from BTCxChange?
- Buying ICOs can be complex and time consuming. You need to use the correct software and configurations in order to successfully purchase an ICO. BTCxChange offers a simple interface through which you can purchase ICOs directly through the platform and have them safely stored in your account - no technical knowledge required.
- Most ICOs have a limited quantity, therefore the ICO can finish very quickly. Some ICOs have ended in less then 10 minutes, and if you set a low transaction fee or just miss the start time, you run a risk of missing out. BTCxChange solves this problem by making the purchase at the right time.
- Each ICO has its own method of purchase and currency. We will take care of all the conversions in between, so you can buy ICOs with EUR, USD or Bitcoin
- We will list as many ICOs as we can, so you can buy as many different ICOs as you like with just one click and diversify your risk.
- No minimum quantities. You can buy as little as 1 unit of the ICO, allowing you to invest small amounts.
More details can be found here.
Access the ICO Market here.
An engine update was applied to our platform in order to optimize its speed. Now the platform works faster than ever before.
After multiple requests from our customers we are glad to announce that we have optimized the trading fees for the BTC/RON pair. New fees can be seen here.
We are happy to announce the introduction of programmable addresses on BTCxChange. Now you can generate an unlimited number of bitcoin addresses and program them to automatically convert incoming deposits to the currency of your choice and automatically withdraw the converted funds to the bank account of your choice.
You can choose whether you want the address to:
- do nothing
- auto convert incoming transfers
- auto convert + withdraw the incoming transactions to a selected bank account
In order to setup your first programmable address go to Deposit > Bitcoin > Programmable Addresses or click here.
The 1st and 5th of June are Bank Holidays. No bank deposits and withdrawals will be processed on these days. Bitcoin deposits and withdrawals will work as usual without interruptions.
Monday 1st of May is a Bank Holiday, therefore no fiat operations will be processed on this day. Fiat deposits and withdrawals will resume on Tuesday 2nd of May.
Bitcoin deposits and withdrawals will be processed as usual without interruptions.
Due to Easter holidays, Monday 17th of April is a Bank holiday. Therefore no fiat deposits and withdrawals will be processed on this day. All banking operations will resume on Tuesday 18th of April. Bitcoin deposits and withdrawals will be processed as usual 24/7.
We have a new banking partner - UniCredit. The new bank details for deposits can be seen on the Deposit page.
Additionally the withdrawal fees for USD, EUR and RON have been reduced to 0%!
A full list of our fees can be viewed here.
Old bank accounts remain active, and all pending deposits will be processed as expected.
A new fee calculation formula was introduced based on the traded volume. From now on, the more you trade, the less you pay.
A full list of the volume-based fees can be found here.
We have updated our fees. Firstly, we have introduced a 1% trading fee that will be charged on all transactions. The trading fee will be charged in the receiving currency, i.e. if you buy bitcoins, the fee will be charged in BTC, when you sell bitcoin for fiat, the fee will be charged in fiat.
We have also modified our operational fees (deposits and withdrawals). A full list of the updated fees can be found here.
Today we have successfully launched the BTC/USD pair.
You can now trade in 3 currencies: USD, EUR and RON.
Today we have successfully launched the new design of our platform. This change not only represents a change of image but also the full initiation of the new team behind BTCxChange. This represents an historical moment for our organization, because we can now firmly state that we are a formed organization and the transition period has ended.
Following the reduction of our fees we are amending our affiliate program to reflect the current conditions of operation. The structure of affiliate rewards changes as follows:
- the reward for deposits will only be given for deposits of at least 300 EUR, 300 USD or 1000 RON
- there will no longer be rewards for withdrawals
The full description of the affiliate program can be found here
As of today we have introduced STOP ORDERS on the exchange.
A Stop Order allows you to protect yourself or profit from Bitcoin price volatility. A stop order is triggered when a specific price is reached. Once the price is reached the Stop Order transforms automatically into a market order. Lets say you have 1 bitcoin that you want to keep and the current market price for 1 bitcoin is 1,000 euro. However you are worried that the price might fall sharply and you would loose your value. In order to protect yourself, you would place a Stop Sell order at lets say 800 euro. This means that if the price of Bitcoin falls down to 800 euro, your bitcoin will be automatically sold at the market price. This way you can rest assured that in case of a sharp drop in bitcoin price you are protecting your exposure.
Consider an alternative situation in which you are following the Bitcoin price but do not want to buy at the moment, however in case the price starts rising sharply (for instance in case of an important piece of news) you want to sieze the opportunity. To do that you would place a Stop Buy order. Lets say the current market price of bitcoin is 1,000 euro and in case the prices rises above 1,200 you want to buy 1 bitcoin. In this case you would place a Stop Buy order for 1 bitcoin at price 1,200 euro. Once the price reaches 1,200 euro your Stop Buy order will automatically transform into a Market (Instant) Buy order.
* Please note that when a Stop order is triggered, the order is transformed into a Market (Instant) Order which is executed at the available ask/bid prices at the time of trigger, this means that you are not guaranteed to receive the exact price of the Stop Order.
** Our matching engine follows a strict first come, first served rule, which means that if two Stop Orders are created at the same price, the oldest one will execute first.
** Stop Orders are not displayed in the order book and are only visible to the user that created them
Also, as of today we have reduced the minimum order amount from 0.01 to 0.001 btc
Please note that 24th of January is officially a holiday in Romania therefore all bank deposits and withdrawals will be processed the next day 25th of January. All bitcoin deposits/withdrawal will function without interruptions.
In order to reduce your loses during deposits and withdrawals and to reduce the overall friction of bitcoin use, we have decided to reduce our fees to a minimum. Therefore:
- We no longer charge a fee for any deposits, except for the cases when you specify for the transfer fee to be paid by the beneficiary. In this case we will deduct the fee charged by the bank from the deposited amount.
- We will charge a minimal commision on withdrawals to cover the fees charged by the bank, therefore for example withdrawals in RON will cost 3 RON regardles of the withdrawn amount.
You can find a full list of our fees here: https://www.btcxchange.ro/fees
In our continuous effort to improve our service we are proud to state that BTCxChange is offering the best prices in Romania!
1. Minor bug fixes in the instant buy/sell price calculations - now the prices are calculated based on the available orders in the order book.
2. Withdrawal fee for bitcoin transfers has now been reduced from 0.005 BTC to 0.001 BTC
We are glad to introduce an exciting new feauture - Instant Bitcoint transfers between BTCxChange addresses.
Tired of waiting for your bitcoin transaction to get confirmed? The transaction fee you have enetered is too small and you have no idea when it will get confirmed? We know how frustrating this situations can be.
In order to address this issue we have introduced this new functionality in our system. When entering a bitcoin withdrawal address that is hosted on our system (i.e. when you send bitcoins to another user of BTCxChange), the transaction is processed instantly and the bitcoins are credited to the receiver immediately. No need to wait for any confirmations any more. The whole process is automatic and available to all users as of today. No need to change any settings, the platform will automatically recognize internal bitcoin addresses and process the transaction accordingly.
We now deposit bitcoins to your BTCxChange account with only one confirmation by the bitcoin network.
Now you can trade even faster!
We are live again! The relaunch of the exchange was successfully completed today at midday GMT+3. All systems are working properly and we are ready to welcome old customers as well as new ones.
We remind you that all old accounts were removed, therefore you will have to create a new user account. Fill free to use the same username and email, however please choose a different password.
In case of any issues, please contact us at email@example.com.
We are happy to anounce that the process of ownership change is now complete. All systems have been tested and we are now ready to launch the systems. Below are the informations for the relaunch:
1. The date of the relaunch will be Monday 14th of November 12:00 (Bucharest time)
2. Due to security reasons all existing accounts will be removed. You will have to register a new account once the exchange is launched.
Please note, although we have made everything in our powers to test and prepare for the event of relaunch, some minor glitches are possible in the period following the launch. We will be constantly online monitoring the situation and resolving any issues. Your patience will be highly appreciated.
The point of contact during the pre-lauch and post-launch period will be firstname.lastname@example.org. Here we will be able to answer all your questions and resolve any issues.
We are happy to anounce that the sale of BTC X CHANGE TRADING SRL including its brands (BTCxChange and BtcXpay) and the technology was finalized successfully.
Bitcoin is the future and we have the honour to take part in its creation in Romania as well as globally. We will make our best to create and maintain a stable, secure and friendly platform for all bitcoin lovers.
At this moment we are working hard on transfering the technology and creation of the new team that will take btcxchange.ro into its next step of development. We have to perform an important job in reorganizing the company and taking up the technology.
We will keep you posted on the details about the relaunch of the platform.
In hopes of an extraordinary cooperation,
The BTCxChange Team
We kindly ask you to remove all your funds from the platform as it is going to close down starting the 12 of september 2016.
Thank you for your colaboration,
Bitcoin inseamna viitorul, inflacarat de aceasta idee acum cativa ani am inceput sa investesc in BTC, atat in monede cat si in afacerea BTCxChange si BTCXpay.
Ca tehnologie, moneda si aventura, BTC-ul este exact ce imi doream dar ca afacere am sub-evaluat riscurile asociate acestei afaceri. Dupa evenimentele care au dus la inchiderea platformei BTCxChange in Dec - 2014 dar si dupa evenimentele recente legate de BITFinex cred ca a gestiona banii oamenilor inseamna o responsabilitate extrem de mare, o responsabilitate pe care nu doresc sa o mai port.
BTCxChange este o platforma extrem de sigura, in cei 4 ani de activitate nu am fost hackati niciodata, aplicatia este testata si functioneaza fara erori, prin platforma noastra s-au tranzactionat peste 2.000.000 euro dealungul activitatii noastre si numarul de clienti creste in fiecare zi. Platforma de plati BTCXpay este in stadiu final de testare. Responsabilitatea de a gestiona banii oamenilor vine si cu o recompensa financiara pe masura, BTCxChange este o afacere extrem de rentabila ea functionand cu niste costuri extrem de mici si o echipa redusa.
Cred ca Romania are nevoie de un exchange autohton dar eu doresc sa ma retrag din acest domeniu de business si sa ma indrept catre alte zone ma linistite. In concluzie, din respect fata de clienti si comunitate va anunt ca BTCxChange este de vanzare iar etapele vanzarii sunt urmatoarele:
- Persoanele interesate de achizitia platforma BTCxChange trebuie sa isi anunte intentia pe mailul BTCX@alienconcept.ro pana in data de 2 Septembrie 2016. Si contra unei taxe de 1 BTC transferabili intr-o adresa unica vor primi toate informatiile necesare evaluarii platformei din punct de vedere al businessului, statistici, clienti, afiliati, evolutie, echipamente, arhitectura platformei, informatii privind societatea comerciala etc.
- In a doua etapa, persoanele interesate vor putea veni la Oradea unde vor putea vizualiza si analiza codul impreuna cu echipa noastra de programatori intalnirea va avea loc in 10 septembrie 2016. In vederea participarii la a doua etapa persoanele interesate trebuie sa completeze taxa de participare cu 2 BTC in aceeasi adresa in care au platit taxa initiala.
- Etapa finala va consta intr-o oferta secreta transmisa direct pe mailul de corespondenta. Afacerea va fi vanduta persoanei care va oferi cel mai mare pret. Ofertele pot fi depuse pana in data de 16 Septembrie 2016 pe mail dar numai dupa ce au fost indeplinite conditiile din punctele 1 si 2.
Cu deosebita consideratie,
We would like to inform you that since 18 December 2015 we have updated the SSL certificate with our company's current data, BTCxChange Trading SRL, to ensure better safety for our customers .
After the initial tests we haven reached A+ rating, as shown in the attached picture.
We apologize for the inconvenience, and thank you for understanding.
We would like to inform you that the bitcoin withdrawal fee has been raised to 0.005 BTC / WITHDRAWAL.
The commission received for each new referral has been changed aswell and now you will get three euros for each deposit or withdrawal made by the referral and two euros for each bitcoin withdrawal made by the referral. An added one euro will be allocated to you each time the volume traded by your referrence passes one of the following steps: 1.000, 3.000, 6.000, 10.000 and 15.000 EUR.
As an improvement, you can now add as many affiliate codes as you please to your account.
the BTCxChange team
We would like to inform you that we updated the statistics on the first page for a better view of the market. We hope you like it.
the BTCxChange team
We would like to inform you that the following changes have been made to our platform:
- BTCxChange affiliate program has been launched
- bitcoin deposit confirmations are now reduced to 3
- fees were changed! Please take a minute to see them by clicking here
- added some security features and improvements
We would like to inform you that on the 21 of october 2015 our platform will be down for scheduled maintenance from 13:30 to 16:00 (EET).
BTCxChange would like to apologize for any inconvenience caused by the downtime and to thank you for your understanding.
Dear BTCxChange clients,
We would like to inform you that the following features have been added to the platform:
- added instant buy / instant sell
- added email notification on bitcoin deposit
- small design changes and security improvements
Accounts used on the old platform are not available on the new one! The old database has been destroid!
If you would like to use our services please Register a new account.
Starting today, 18.08.2015, BTCxChange is back online!