BTC-E the most trusted exchange is back! WEX.nz
I know "most trusted" may sound odd but lets look on facts - oldest still running exchange. Once got hacked - refunded back everything to users.
Got raised by FBI/USA gov - refunded 61%, re-started the platform and promises to buy back 39% issues tokens back.
I dont think anybody else would dare to come back after such situation - especially within less than 2 months.
So currently url is http://WEX.nz and all balances/engine was moved there.
Trading Pairs
Notice that currently it trades premium to other USD exchanges, normally BTC-E was the spot to buy cheap BTCs and dump elsewhere. But this is really just first 24h of trading and 39% funds are not liquid (can be traded but not withdrawn).
Tokens
Now for the 39% of value that got taken by FBI they issues tokens that they will buy at 1:1 when they have enough funds from fees. Currently those trade at of course lower levels than their future price. Also you cant withdrawal FIAT for now.
Keep in mind you have to do math, ie sell here for cheaper BTC ratio but then we have premium.
I hope this guys get back on their feet stronger than before but only time can tell.
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Hi ,
Thanks for the great content
This is definitely the best exchange, I don't even know why would any exchange risk to steal people's money since bigger exchanges earn much enough to be "not worth it" to risk legal consequences. I myself was scammed from crapcoins by Cryptsy because I was too lazy to install multiple wallets. Last time I checked my crapcoins were only worth few bucks but the uncertanity what type of coins I had there makes me anxious since I checked them 2 years ago but I hope they aren't still worth much. Maybe some day there will be multicoin client for computers.
Nice to get a second opinion thanks! Def checking it out.
I was not in BTC E. Come back within 2 months, great job. Best wishes for the team and investors who believe in them. Cheers Wex.nz
That's certainly a good commitment on their own side. I believed this will raise
the trust of the users. Thanks for the update.
Hmm....good to see one of the oldest exchange still survived. By the way, their trollbox have some great history :)
This is a wonderful news to hear about BTC-E and will be looking forward for more efficient performance in the future
I wonder if anyone could shine some light on this. It's a message on the new wex.nz website.
Does this mean that wex is a totally new entity and have only imported existing BTC-e customers info to their new website and not the actual funds?
Have wex refunded users crypto themselves?
Well spotted. I believe this is a slick move to avoid any legal troubles. They were shut down by the FBI and reopened under a different name afterall!
that ^^
hope to see decentralized exchangers in future -.-
Good news. But I wonder if its the cia or fbi that actually have control of it to monitor large transactions and money laundering.
The CEO did say that they are cooperating with the authorities.
what this represent to me is a system that can easily be broken down, so I going to keep my coin safe elsewhere