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BTC-e Review

BTC-e is one of the largest exchanges to buy and sell bitcoins and even offers a chatroom. Based in Bulgaria, it lets you trade not only in bitcoins, but also Namecoins and Litecoins for other currencies. This digital currency exchange has been in business since 2011. The exchange handles a high percentage of the total volume of bitcoin transactions.

A nice feature about this exchange is that you can withdraw to a debit card, and you can use a major credit card to buy and sell bitcoins. This exchange offers support if you have problems and it has one of the lower usage fees among bitcoin exchanges. New clients cannot make withdrawals for the first three days from the time of opening an account. This time is to verify your identity.

The exchange has had problems with phishing attacks. However, problems of this type frequently occur because of lack of two-factor authentication on the part of the buyer. You may avoid this by checking addresses, checking the IP in the transaction email and not entering unconfirmed links. The online chat room is a handy place to exchange ideas and gain insight into what others are doing. The exchange has rules of conduct for the chat and a monitor to see that individuals follow those rules. This exchange also offers support where you submit a ticket, and you can choose either English or Russian.

Fees for transactions to buy and sell bitcoins cost 0.20 percent per transaction, but can vary depending on the account. Transactions of U.S. dollars or rubles cost 0.50 percent. The exchange deals indirectly in U.S. dollars, euros and British pounds and directly in Swiss francs.

Currencies accepted are the U.S. dollar, euro, British pound, ruble and other types of cryptocurrencies such as Namecoin and Litecoin. It only uses irreversible payment methods, so once the transaction is complete you cannot undo it.

Security is an important feature when you buy bitcoins, and the exchange uses two-factor authentication. Two-factor authentication works to provide double security by using two keys, one public and one private so that only the person with a signing key can use it.

The trading volume for this exchange is around 98,000 bitcoins per month. You can trade freely on this exchange for cryptocurrencies from other countries. You access this feature using an online tool for that purpose.

BTC-e is an online exchange to buy and sell bitcoin and other currencies from various places around the world. It charges a low fee for the average transaction and offers security to protect your account.