Posts Tagged ‘Bter’

More Chinese Exchanges Stopping to Accept Chinese Yuan Deposits

3, Apr 2014

bitcoinwisdom-btc-e-bitcoin-price-chart

It seems that some more Chinese crypto currency exchanges have received notices from their banks and payment processors and the result is again some drop in the Bitcoin and other crypto currency prices as they were just starting to get back up. Following the recent announcement from the exchange Bter now it seems that BTC38, FXBTC and OKCoin have also stopped accepting Chinese Yuan deposits. It seems that another of the Chinese crypto currency exchanges called Huobi could be planning to stop accepting deposits as well. Meanwhile the situation is still not very clear, but with so many exchanges taking action it seems that the People’s Bank of China (PBOC) is really trying to control the boom in crypto currency trading in China. The good news is that after the initial drop in price caused by these news this morning, now we are already seeing the BTC price starting to recover.

The Chinese Exchange Bter Has Stopped Accepting Yuan Deposits

31, Mar 2014

bter-crypto-exchange-cny-markets

Bitcoin and Litecoin prices continue to go down due to the panic that the information about the Peoples Bank of China possibly ordering banks and payment processors to stop servicing the accounts of Chinese crypto currency exchanges. This information has no yet been fully confirmed, but Bter, one of the larger Chinese crypto exchanges with English supports has announced the temporary suspension of deposits of Chinese Yuan. CNY withdrawals are currently unaffected however and people are able to withdraw cash from the exchange and on the CNY markets prices are going down as a result. It seems that the exchange got a notice from their payment processor and not an official information from PBOK. The announcement was published only in Chinese, though considering that this can affect prices significantly for other users as well it would’ve been nice to see an official English translation as well and not to have to rely on translation services. Still, it seems that after China brought the prices of Bitcoin and Litecoin up quite a lot last year, now they may bring them back to the old levels of sub $200 per BTC and sub $3 for LTC.

– You might want to keep a look out on Bter’s website for further development and news…

List of the Larger Cryptocurrency Exchanges

23, Jan 2014

crypto-exchange-rate-chart-ltc-usd

Here is a short list of the bigger and more popular crypto currency exchanges out there that trade with not only Bitcoin, but Litecoin as well as many other alternative cryptos. Some of these exchanges are trading only between different crypto coins for example BTC for LTC, or DOGE for BTC and you cannot buy with money in them – Cryptsy, but others also trade with real money and you can both deposit and withdraw in cash as well as in cryptocurrency – Mtgox. There are even exchanges that only serve to connect the traders – Local Bitcoins.

Worldwide:
– Coinbase
– Cryptsy
– Bittrex
– Kraken

Europe:
– BitcoinDE
– BitStamp
– Bitcurex

Russia/China/Asia:
– Binance
– Bter
– OkCoin
– BTC China
– Anxbtc

Norway:
– Just Coin

Canada:
– Cavitrex

USA:
– Campbx

Israel:
– Bit2c

Others:
– Local Bitcoins
– Coinomat

Now, although most of these crypto exchanges are listed under different countries and just a few as worldwide, in almost all you can trade regardless of your location though for some there could be a language barrier if they were designed to serve only a local market and do not have an English version for example. The only more serious problem with some is the ability for you to withdraw cash from the exchange if it also operates with real money and not only trades with crypto coins. So do take some time and check them out and find which ones can be useful for your specific needs… there are of course more exchanges out there, so this is not a complete list, but more of a good starting point.


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