Trade with fewer limits
A trading platform designed to help you profit from a rising or falling market
Leveraged trading without the management of margin balances
Bitcoin trading for traders, by traders

Welcome to BTC.sx

Our platform allows traders to go Long or Short and only requires the management of a single Bitcoin balance. For an easy way to trade Bitcoin, using Bitcoin, sign up now.

  • Profit using Long and Short positions
  • Bitcoin Hedging - Prevent loss from a falling Bitcoin price
  • Position management, automatic liquidation and stops
  • No complex margin maintenance requirements
  • A platform built to provide an intuitive trading experience

Status: Trading Active

Get started

News

Kwok Man

17 Apr 2014 at 12:27 GMT

Normal Trading Resumed

Normal service restored.

Dear Customers,

We are pleased to inform you all that following a restart of our external Exchange Partner's Server (Bitstamp), previous related technical issues now appear to be resolved.

Following successful Internal tests during the past 24 hours, Normal Trading Service is now considered fully resumed.

Again, we would like to thank our Customers for their understanding and patience during this time.

It can be noted that they themselves have been resetting their Security Protocols in recent days, in light of reported OpenSSL vulnerability.

Kind Regards,

Btc.sx Support

Kwok Man

15 Apr 2014 at 19:09 GMT

Disrupted Trading

The root cause behind the recent disruptions to our service.

Dear Customers,

We regret to inform you that we've recently been receiving reports of Technical issues relating to the reliability of our Trading Platform.

In such cases, Users are not able to place new Positions to market, Long and Short, nor are able to Liquidate existing Open Orders.

Where such an instance occurs, we have determined that the fault has been linked to an Interface Issue we have with our external Exchange Partner Bitstamp. We have been liaising with Team Members at Bitstamp, of whom have acknowledged there is a technical issue with their API.

It can be noted that they themselves have been resetting their Security Protocols in recent days, in light of reported OpenSSL vulnerability.

BitStamp announcement regarding OpenSSL vulnerability

In the meantime, we thank you for your understanding and patience whilst the issues are being resolved with our Exchange Partner. We sincerely hope that before too long we can make a further announcement advising of a normal service following a resolution.

Kind Regards,

Btc.sx Support

George Samman

4 Apr 2014 at 21:19 GMT

Seed Funding

BTC.sx Receives Largest Seedcoin Fund Investment: Virtual Incubator Finances the First Bitcoin-Only Derivative Trading Platform

New York, NY, April 1, 2014 - BTC.sx (www.btc.sx), the world's first and exclusive platform for trading Bitcoin-only derivatives, announces its acceptance of the largest Seedcoin Fund investment: A BTC500 stake from the premier Bitcoin virtual incubator of its kind, Seedcoin funds the future leaders of the digital currency economy.

Seedcoin provides guidance to entrepreneurs throughout the globe, supporting products and services - such as exchanges, payment gateways, trading platforms, applications, wallets and mobile technology - during the key stages of each company's development.

The position in BTC.sx, which has brokered more than $44 million in trades since its inception in April 2013, is the sixth Bitcoin-denominated investment from Seedcoin Fund I. The other five businesses are Cryptopay, CoinSimple, MexBT, Hive and zSIM (currently in stealth mode).

"This investment by the Seedcoin Fund is a testament to the proven growth - and validation among our users - for the distinctive platform BTC.sx offers. Our double-digit expansion in transactions further underscores this point: That we have a secure, reliable, fast and transparent means of facilitating Bitcoin-only trading of derivatives. We welcome this relationship with Seedcoin, and look forward to a profitable relationship between BTC.sx and Seedcoin, says Joseph Lee, Cofounder and CEO of BTC.sx

"Seedcoin is proud to support BTC.sx and its talented team of professionals. This investment represents the most significant financial commitment, to date, by the Seedcoin Fund. In fact, this opportunity gives Seedcoin a substantial position in the most reputable, popular and advanced derivative trading platform for Bitcoin. We congratulate BTC.sx on their continued success and the global respect they have earned among Bitcoin traders," says Eddy Travia, Cofounder and Chief Startup Officer of Seedcoin.

About Seedcoin Seedcoin incubates early stage startups around the world, building the cryptocurrency ecosystem. By enabling fast-growing enterprises to adapt to an increasingly dynamic environment faced with quick changes in regulation and competition, Seedcoin attracts Bitcoin entrepreneurs with the skills and vision to overcome these specific challenges. For more information about Seedcoin, please visit www.seedco.in.

About BTC.sx With offices in New York City, London and Singapore, BTC.sx has an innovative, intuitive and proprietary platform that allows users to easily trade Bitcoin derivatives. This flexible resource permits long and short positions, Bitcoin hedging (to prevent losses from a drop in the price of Bitcoin), automatic liquidation and stops for convenient position management, and no complex margin maintenance requirements. For more information about BTC.sx, please visit www.btc.sx.

Vinny

12 Mar 2014 at 14:04 GMT

Trading Is Back Online

Exchange integration has been completed

Dear Customers,

Thank you for your continued support of BTC.SX, we are excited to inform you that our trading engine is back online. We thank you for your patience over this time while we've been busy integrating with new exchanges. We look forward to accepting new trades and we hope you'll enjoy our improved service. We've also taken this opportunity to upgrade the performance of our platform.

We're always interested in feedback from our customers, if you have any suggestions, please let us know. Remember, all customer balances are held securely so get trading!

Thanks,
The Team,
BTC.SX

Joe Lee

26 Feb 2014 at 03:43 GMT

Trading Temporarily Suspended

Actions behind the recent market movements

Dear Customers,

Thank you for your continued support of BTC.SX, we really appreciate your custom. Unfortunately, due to the current closure of our main exchange partner, we regret we will be unable to take any further orders and our site will be suspended until further notice. All customer balances are secure and we will honour any withdrawal requests. For open positions, these will be liquidated and deposits will be refunded in full.

We apologise for any inconvenience caused, we are working hard to integrate new exchanges and offer our service again as soon as possible. We will keep you informed of any update, all refunds will be processed in due course, thank you for your patience during this time.

Thanks,
BTC.SX

George Samman

21 Feb 2014 at 10:08 GMT

Maintainence

Trading will resume shortly.

We have now completed our technical alterations, and trading will be reopened shortly. Maintenance has been performed to ensure positions are placed out to market correctly. This has been successful. We remain one of only a few liquid ways to trade the price movement at Mt. Gox. Trade size is temporarily limited to US $2k (0.08 BTC / pt at current prices). If there are any further enquiries please let us know.

George Samman

12 Feb 2014 at 07:50 GMT

Transaction Malleability

BTC-e, Bitstamp and MtGox are currently experiencing an attack to Bitcoin's transaction malleability problem. This is largely not affecting BTC.sx.

As many of you have heard, Mt. Gox reported technical issues in the Bitcoin Protocol, now the other major exchanges have joined in reporting the same issue. As a result, all the major exchanges have suspended withdrawals until the problem is fixed. BTC.sx is able to honor all bitcoin withdrawals and trading on the platform is still active. The only issue we have at the moment is reduced liquidity due to the glitch. To avoid slippage, we reccomend placing a larger number of smaller orders. As we get further updates, we will relay them all to you. From what we have heard the problem is being diligently worked on and hopefully a fix will be coming soon.

George Samman

21 Jan 2014 at 12:00 GMT

The World's First Bitcoin Derivatives Platform Surpasses US$35M in Trades

London, England 21 January, 2014 - BTC.sx, the world's first bitcoin derivative trading platform, announced today it has brokered over US$35M in trades since its foundation and is preparing for more growth as its user base passes 3,300 active users.

Userbase Grows 45% Since November; Expands Team

BTC.sx, the world?s first bitcoin derivative trading platform, announced today it has brokered over US$35M in trades since its foundation and is preparing for more growth as its user base passes 3,300 active users.

BTC.sx provides an intuitive FX style trading platform enabling users to profit from rising or falling Bitcoin prices. BTC.sx interfaces entirely in Bitcoin with no need for a USD / fiat balance to enter both long or short positions, allowing users to hedge bitcoin positions. The service is the first of its kind, and since launch has seen rapid growth in global demand for the service from traders around the world.

Founded by Joe Lee in May, BTC.sx was funded by US$150,000 of his own savings. Formerly of Barclays and Macquarie Bank, Joe created the trading platform in his spare time, however, when BTC.sx reached profitability in less than two months, Joe left to focus full time on the venture.

BTC.sx has also hired 2 new employees: Vincent Hoong, CFO, a PwC qualified chartered accountant from Barclays and James Turner, CTO who was a Senior Software Engineer at Ebay where he worked with 3rd party shopping cart vendors, supplying SDKs for integration into Ebay infrastructure.

With such high demand and growth in such a short time, BTC.sx is attracting interest from VCs and investors. The company is in the late stages of a seed round, and will use the funding to expand the BTC.sx team and diversify the product platform to serve a greater number of users.

For further information, or to arrange an interview, contact:
George Samman
COO - BTC.sx
[email protected]

Joe

5 Jan 2014 at 20:52 GMT

Changes

We're welcoming in 2014 with some upgrades.

From Monday 6th January, 00:00 GMT until Tuesday 7th January, 23:59 GMT trading will be disabled. We are pleased to be announcing the first planned upgrades of the Btc.sx trading engine.

During this time, no new trades will be accepted. User accounts will still be accessible for those who want to check or liquidate currently opened positions. During this time, any liquidated positions will be closed immediately. Reconciliation of trades liquidated in this period will take longer than usual.

We are incredibly excited for the changes that 2014 will bring as we work to continually provide a better trading experience. The changes scheduled for this year are driven in large part by ongoing customer feedback we recieved in 2013. Thank you for your patience.

Best Wishes
Btc.sx Team

George Samman

22 Nov 2013 at 02:53 GMT

Bitcoin Derivatives Platform Passes US$13.5M in Trades

SYDNEY, AUSTRALIA 21 November, 2013 - BTC.sx, the world's first bitcoin derivative trading platform, announced today it has brokered over US$13.5M in trades since its foundation and is preparing for more growth as its userbase passes 2,000 active users.

BTC.sx provides an intuitive FX style trading platform enabling users to profit from rising or falling Bitcoin prices. BTC.sx interfaces entirely in Bitcoin with no need for a USD / fiat balance to enter both long or short positions, allowing users to hedge bitcoin positions. The service is the first of its kind, and since launch has seen rapid growth in global demand for the service from traders around the world.

Bitcoin?s value has rallied this week off the back of US Federal Reserve Chairman Ben Bernanke conceding that Bitcoin and other virtual currencies ?hold long term promise? . BTC.sx is the only leveraged trading platform in the world to accept Bitcoin only trading balances. The currency?s increasing legitimacy has seen the price soar to US$700+ this week.

Founded by Joe Lee in May, BTC.sx was funded by US$150,000 of his own savings. Formerly of Barclays and Macquarie Bank, Joe created the trading platform in his spare time, however, when BTC.sx reached profitability in less than two months, Joe left to focus full time on the venture. New York based Senior Portfolio Manager and Market Strategist George Samman has recently joined the team as Chief Operating Officer. A seasoned trader, George has over ten years of market strategy and portfolio management experience in financial markets.

"Since our launch we've seen an incredible demand for our service that we are struggling to keep up with. It?s exciting to see Bitcoin adoption grow worldwide as the digital currency increases in legitimacy," said Joe Lee, Founder and CEO.

With such high demand and growth in such a short time, BTC.sx is attracting interest from VCs and investors both Australian and internationally. The company is in the early stages of a seed round, and will use funding to expand the BTC.sx team and product platform to serve a greater number of users.

- ENDS -

For further information, or to arrange an interview, contact:

George Samman
COO - BTC.sx
[email protected]

Joe

8 Nov 2013 at 15:28 GMT

Security

What we do to ensure the security of every account.

At btc.sx we would like to publicly and transparently disclose the security measures we take to protect client funds. There are no shortage of stories about Bitcoins being stolen from different web services.

Bitcoin websites are attractive targets to hackers hoping to make big money. The high level of anonymity helps to fuel efforts that would offer great returns. Because of this, we never expect malicious hackers to rest easy in their efforts to profit.

Realtime reconciliation ensures that each and every satoshi in all accounts both client and brokerage are accounted for at all times.

What happens to bitcoins sent to btc.sx accounts?
After block chain acknowledgement, all bitcoins are forwarded to an offline vault. At 3 confirmations btc amounts are reigstered with the corresponding user and further transactions on the site happen within internal accounts.

On withdrawal, individual accounts requesting transfers are double checked for satoshi level reconciliation before being processed from our offline vault.

No hot wallet?
We do not intend to offer a hot wallet service as there are plenty of great services out there already. For realtime payments, we reccomend signing up to one of the many wallet services offered. Bitcoin.org offers further information about choosing a wallet service that protects your best interest: Bitcoin.org: Choose your wallet

Whats on your server?
Payments are never sent to our servers. Our entire codebase can be accessed without a single satoshi being at risk because they do not contain any private keys. Our servers run a webhost and do not run bitcoind.

How long do withdrawals take?
Withdrawals are processed manually after individual account level checks are performed, turnaround for withdrawals is within 24 hours.

So there you have it folks, some of the most commonly asked questions we recieve answered. If you have any other questions feel free to Contact Us.

Joe

5 Nov 2013 at 14:58 GMT

News and Announcements

Look out for some changes coming soon to btc.sx.

In our quest for continual improvement, a few changes have been planned over the coming weeks. First up is the new news and announcements section. This will help us keep existing users better informed about changes while educating new users about key features to look out for.

Next up, we've changed the minimum trade size from 0.0001 BTC per point to 0.00001 BTC per point. When the platform was first launched, the price of bitcoin was US$50, as the price has risen over the last few months the cost of a deposit required to open a trade has increased. With today's change a position can now be opened with a deposit equivalent to ~US$2.