BTC-e - Definition from the Hotspot Shield Encyclopedia

BTC-e which stands for Bitcoin Exchange is a trading platform for the exchange and trading of digital currencies.

The platform was created in 2011 and as of February 2015, it is responsible for handling 2.5% of all Bitcoins transactions. The platform enables users to exchange using the following currencies. Euro, USD, Russian Ruble, Bitcoin, Litecoin, Namecoin, Peercoin and Novacoin. Throughout its history, BTC-e has experienced many different attacks including the compromise of their API key which resulted in a large amount of Bitcoins being stolen, and the exchange market being disrupted, and also a series of DDoS attacks (Distributed Denial of Service) which severely hampered the service in 2013 and 2014. To reduce the effectiveness of attacks, BTC-e made use of a proxy service called CloudFare.

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