ABOUT BITCOIN.DE
Bitcoin.de is a German virtual currency trading platform operated by the Bitcoin Deutschland AG (Herford) who is acting as tied agent of the Fidor Bank AG (Munich) within the meaning of § 2 Section 10 of the German Banking Act (KWG) and provides brokerage services of financial instruments in accordance with §1 Section 1a Sentence 2 No. 1 of the German Banking Act (KWG) exclusively in the name and for the account of the Fidor Bank AG.
Bitcoin.de was launched early in 2011 and today serves over 450.000 registered customers from the EU, EEA and Switzerland allowing them to trade bitcoin and tokens of other virtual currencies such as ethereum for Euro among each other.
HISTORY
Launched early in 2011, only 2 years after the first bitcoin came into existence, Bitcoin.de quickly established itself as one of the leading European bitcoin trading platforms resulting in the foundation of the Bitcoin Deutschland GmbH in the same year. In 2013, when Germany also announced that bitcoin is to be treated as “unit of account” and thus exchange platforms fall under similar regulation as financial service institutions (German Banking Act, KWG) and the userbase had significantly increased the Bitcoin Deutschland AG was founded. In the same course the Bitcoin Deutschland AG entered a with the Fidor Bank AG from Munich Deutschland AG is owned by the Bitcoin Group SE.
SERVICE & FEATURES
Bitcoin Deutschland AG acts as an escrow for bitcoin or tokens of other virtual currencies that can be offered for sale on the public Bitcoin.de Marketplace with a price quotation. Contracts are established peer-to-peer as well as fiat (EUR) payments are processed peer-to-peer. Furthermore customers can store their bitcoin or tokens of other virtual currencies in their online wallet provided by Bitcoin.de. In order to speed up the payment processing of fiat (EUR) payments between market participants the “Bitcoin.de Express Trade” feature, using an API provided by the Fidor (Fidor Banking API) has been developed and allows customers having an account with the Fidor Bank to trade bitcoin and tokens of other virtual currencies for Euro among each other within usually just a few seconds. Additionally to this Bitcoin.de allows its customers to purchase gold, other precious metals and diamonds for bitcoin via its trusted partners.
