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Saturday 29 July 2017

Bitcoin news

BTCe is gone. The importance of chosing a safe exchange

All BTCe bitcoins and ethereums have been sized by US government and will never be released to their previous owners. The main argument is that BTCe was running a non-compliant exchange that offered services to US citizens.

BTCe was one of the oldest cryptocurrencies on the market, and it still disappeared in a single day, proving once more the importance of using regulated services. Anyone who wants to get into the crypto-currency market, need first to change their fiat (be it USD, EUR, GBP, etc) to crypto using some exchange.

Why not use something that is regulated and safe. Virwox has been around for more than 10 years, and it was one of the places were first wave of online assets like Second Life Dollars were transactioned in the past. Virwox World Services GmbH is a registered company in Austria, which is a member of EU, one of the regions of the world with the most serious laws in terms of money handling entities.

As I always said on this blog, yes, there is a premium to pay for their service, and the buying experience in not as straightforward as in other places, but it is one of the safest way you can buy bitcoins that you will find.


You can see below a short video showing how you can buy on Virwox  

Friday 16 June 2017

The safest bitcoin exchange


Update January 2020: 
VirWox will stop its operations in January 2020. Our recommendation is to use the German exchange Bticoin.de

For most bitcoin users (new or old) choosing which exchange to use is one of the most important decisions to make. Almost all largest exchanges have been subject to some successful hacking attempts in the past.

All large names like Bitstamp, BitFinex, Yapizon etc. became victims of the hackers at some point. Some of them survived, but the market will never forget Mt.Gox (the first and largest bitcoin exchange) that vanished with all users assets and even 4 years later nothing have been recuperated.


In this setup, it might come as a surprise, but one of the safest and long running cryptocurrency exchange is actually one that launched before bitcoin itself.

Virwox has been around for more than 10 years, and it was one of the places were first wave of online assets like Second Life Dollars were transactioned in the past.

Even on this blog, I was presenting here how users can buy or sell bitcoins using credit cards or alternative payment methods back in 2013. It is 2017, and
Virwox is still around and never subject to any hacking or other big scandal.

Yes, there is a premium to pay for this service, and the buying experience in not as straightforward as in other places. You can see below a short video showing how you can buy on Virwox