Vircurex

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Vircurex logo

Vircurex is a cryptocurrency exchange from China. The project was founded in 2011. Fully commercial organization. The Central office of the company is located in Beijing. The project began to enjoy special popularity not so long ago. First of all, because it offers a fairly wide range of opportunities for clients: cryptocurrency trading (buying/selling orders), binary options, loans, currency exchange and so on.

Description[edit]

Vicurex Teeters -- Kraken Passes -- Could Mesh Networking Change the World?

Vircurex opened for trading in October 2011. It focuses on providing sophisticated trading mechanisms (orders, stoporders, options, loans) for Bitcoins and the most popular alt chains.

A distinctive feature of this exchange is that here you can trade these currencies in any variations of pairs! That is, you can, for example, exchange DOGE for NXT directly, without involving BTC in this process. To do this, simply uncheck the "Show only BTC exchange rates"box in your account settings[1].

Currencies[edit]

The company has been using its cryptocurrency reserve to reimburse users</strong> whose balances were affected by the previous hacks, The Next Web reports. “We had enough coin balances in our cold wallet to upkeep our platform and the positive cashflow enabled us to gradually refill the wallets. Unfortunately we had large fund withdrawals in the last weeks which have led to a complete depletion of our cold wallet balance and we are now facing the option of either closing the site with significant unrecoverable losses for all or to work out a solution that allows the exchange to continue to operate and gradually pay back the losses”, explains a statement published online by Vircurex[2].

P2P digital currencies supported are:

  • Bitcoin
  • Namecoin
  • Liteoicn
  • Devcoin
  • Geistgeld
  • Solidcoin
  • I0coin
  • Ixcoin
  • Euro
  • US Dollar

Adding / Witdrawing Funds[edit]

Adding and withdrawal of funds is fully automated. Managing your coins is similar to any other exchange, generate your own address and send your coins, they will be credited to your account after a number of confirmations[3].

Adding and withdrawing of USD and Euro is via Liberty Reserve. The interface is automated hence your transactions are immediately debited or credited to your accounts.

Trading[edit]

Trading features are:

  • Buy and Sell orders
  • Buy and sell stop-orders
  • Options
  • Loans

A flexible trading mechanism allows the trading of any possible P2P currency pairs.

Fees[edit]

The transaction fees are (at the time of writing this article) 0.5%. See the Help page for more info.

API[edit]

See the API Details for more info.

External Links[edit]

See Also on BitcoinWiki[edit]

References[edit]

  1. Former Customers Sue Crypto Exchange Vircurex Over Frozen Funds - CoinDesk
  2. From Cryptocurrency exchange Vircurex halts all withdrawals to avoid insolvency
  3. Vircurex Faces Class-Action Lawsuit