Bitcoin.de

from Wikipedia, the free encyclopedia
Bitcoin Deutschland AG, a company of the Bitcoin Group SE.
legal form Corporation
founding August 26, 2011
Seat Herford , GermanyGermanyGermany 
management Oliver Flaskämper, Michael Nowak
Number of employees 15th
sales 12 million
Branch Payment transactions
Website bitcoin.de
As of April 20, 2018

The Bitcoin Germany AG is a company of Bitcoin Group SE, which under the domain bitcoin.de operates a trading platform for crypto currencies. Bitcoin and other digital currencies can be traded against euros on the platform . Bitcoin.de is one of the most famous Bitcoin exchanges in German-speaking countries, even if the Bitcoin trading volume is marginal compared to exchanges outside of Germany.

history

Bitcoin Deutschland AG was founded in 2011 and has been a tied financial broker since 2014. A predecessor company called Bitcoin Deutschland GmbH was formed in June 2010 from a shelf company .

In July 2013, Bitcoin.de announced a partnership with Fidor-Bank . Fidor Bank AG provides a “ liability umbrella”, and Bitcoin.de, as a contractually bound agent, handles Bitcoin trading for Fidor Bank.

In February 2015, the Fidor and Bitcoin.de Expresstrade entered the beta phase. The accounts at Bitcoin.de and the Fidor-Bank are connected. This enables faster trading. A Fidor account and activation of 2-factor authentication are required for this .

Before 2017, only the digital currency Bitcoin could be traded against the euro . In the course of 2017, the crypto currencies Ethereum , Bitcoin Cash and Bitcoin Gold were also released for trading against euros on bitcoin.de.

According to information from bitcoin.de, the volume processed for trading cryptocurrencies in 2017 was 1.2 billion euros, and sales with commissions and fees amounted to around 12 million euros. The number of registered website users was around 665,000.

Products

Bitcoin Deutschland AG's main product is an exchange called bitcoin.de for trading cryptocurrencies. In addition, a programming interface is offered for developers and sellers to connect external programs to Bitcoin.de and to carry out automated payment transactions.

Another offer on bitcoin.de is bitcoinblog.de. This reports on what is happening in the industry. The blog was awarded 1st place (audience award) at the Comdirect Finanzblog Award in 2015. The Bitcoinblog has already been cited in academic works, such as Sixt (2016): Bitcoins and other decentralized transaction systems , as the blog includes many case studies. Case studies on the regulation and acceptance of Bitcoin as a payment system are covered. From a regulatory perspective, the topic of privacy and the supposed anonymity of Bitcoin is the focus of numerous discussions. The Bitcoinblog is the largest German-language blog about cryptocurrencies and the blockchain.

criticism

Criticisms of the express trading from Bitcoin.de are, on the one hand, that an account with the Fidor Bank is required to use the express trading. The user-friendliness is not given, especially for beginners, as offers are often perceived more quickly by bots that act via the programming interface. If a trade is not concluded via the express trade, long waiting times for buyers and sellers can arise until the bank transfers and bank confirmation of the receipt of money have been completely processed. Another point of criticism of Bitcoin.de is that in the fight against crime, users' data are transmitted to authorities, even though they are not legally obliged to do so without a judicial decision. This collaboration with state authorities was reported in an article in Vice Motherboard in August 2017.

Individual evidence

  1. ↑ FAQ / Questions and Answers. In: Bitcoin.de. April 20, 2018. Retrieved April 20, 2018 .
  2. ↑ a b Lazar Backovic: This is the crypto king from Herford. In: Handelsblatt.com. February 11, 2018, accessed April 21, 2018 .
  3. ↑ Bitcoin.de states a trading volume of 1.2 billion euros for 2017, which averages almost 3.2 million euros per day. In 2018, the world's largest exchanges in terms of volume reported daily volumes that were two orders of magnitude higher. (OKEx: USD 152 million for BTC / USDT, Binance: OKEx: USD 156 million for BTC / USDT, Bitfinex: USD 143 million for BTC / USDT, via Coinmarketcap )
  4. ↑ a b Federal Financial Supervisory Authority: Liable company , entry of Bitcoin Deutschland AG (No. 80117952) in the database of contractually bound agents at BaFin.
  5. ↑ Bitcoin Deutschland GmbH (formerly: Seoventus GmbH), Herford (formerly: Bad Salzuflen): Annual financial statements for the financial year from June 24, 2010 to December 31, 2010.
  6. ^ Axel Kannenberg: "Express-Handel": Bitcoin.de cooperates with online bank Fidor. In: heise online. Heise Medien, February 23, 2015, accessed April 20, 2018 .
  7. ↑ Jörg Platzer: Bitcoin - short & good . 1st edition. O'Reilly Verlag GmbH & Co. KG, Sebastopol, California United States 2014, ISBN 3-95561-650-9 , pp. 62-68 .
  8. ↑ Frank Schäffler: Not with our money !: The crisis of our monetary system and the consequences for us all . 1st edition. FinanzBook Verlag, Wiesbaden 2014, ISBN 3-89879-652-3 , p. 228 .
  9. ↑ Guido Lange: Bitcoin.de introduces trading in Ethereum. In: Kryptoszene.de - Your starting point for trading crypto currencies. Kryptoszene GmbH i. G., November 24, 2017, accessed April 23, 2018 .
  10. ↑ Michael Nowak: Bitcoin Group SE closes 2017 with records in sales and earnings thanks to intensive new customer acquisition. In: Bitcoingroup.com. Bitcoin Group SE, February 7, 2018, accessed April 23, 2018 .
  11. ↑ Peter Klicman: HowTo: bitcoin.de API. In: Klicman Consulting. Klicman Consulting, 2016, accessed April 20, 2018 .
  12. ↑ a b Fintechnews Switzerland: 10 German Bitcoin Blogs you should know. In: fintechnews.ch. CK Finanzpro GmbH, September 6, 2016, accessed on April 27, 2018 .
  13. ↑ Ullrike Hamer: comdirect finanzblog award: Plusvisionen won first prize. In: Comdirect. comdirect bank ag, November 10, 2015, accessed on April 27, 2018 .
  14. ↑ Elfriede Sixt: Bitcoins and other decentralized transaction systems: Blockchains as the basis of a crypto-economy . Ed .: Elfriede Sixt. 1st edition. Springer Gabler, Wiesbaden 2016, ISBN 3-658-02843-2 , p. 11-12, 23, 36-38, 76, 97-99, 104-107, 116-117, 128, 157-161, 175-179, 187 .
  15. ↑ Volker Brühl: Bitcoin and other cryptocurrencies - consistent regulation and supervision are urgently required . In: Ifo Schnelldienst . 1st edition. tape 70 , no. 22 . Munich November 23, 2017, p. 13-17 .
  16. ↑ Astrid Dörner: Why Bitcoins are so tempting. In: Handelsblatt. Handelsblatt Media Group GmbH & Co. KG, May 29, 2017, accessed on April 20, 2018 .
  17. ↑ Exclusive: The largest German Bitcoin platform forwards customer data to the police . In: Motherboard . August 1, 2017 ( vice.com [accessed June 10, 2018]).