inbitbox: Bitcoin emerged from necessity. The 2008 financial crisis forced people to question and reevaluate their relationship with money and the cacophony of financial instruments built on top of it. What they found were systems that were opaque and anachronistic. The money we use today wasn’t made for…
BitMe is suspending operations indefinitely. The website will remain up until April 15. Great thanks to all of our customers!
Server Crash Recovery
On Monday Morning, February 18 at 03:09 UTC, both our website and the REST API stopped responding to requests. We initially believed this to be a network connectivity issue at our data center, but it later became apparent that our server had crashed. A trip out to the data center had confirmed that the server was completely unresponsive. We did a hard-reboot on the system and brought it back up....
Two-factor authentication is now available for your BitMe account using TOTP compatible devices such as Google Authenticator.
Since the new order rules have gone into effect, we have taken additional measures to make the site more user-friendly. All USD user balances have been rounded up to 3 decimal places. Other USD values when calculated will also be rounded up to 3 decimal places: order Cost (when buying Bitcoins) order Gain (when selling Bitcoins) order execution fee (when selling Bitcoins) BTC values should...
New SSL certificate
We have moved Cloudflare in front of our site, and thus our SSL certificate has changed. If you get a nasty error warning when going to bitme.com, then please clear your browser cache and try again.
New order execution fees
Starting December 10 at 03:00 UTC, BitMe will be changing it’s fees for order executions. Liquidity provider rebates will be discontinued, but they will be replaced with a discounted rate. The new fees are as follows: 0.75% taker fee 0.60% provider fee This should create a more sustainable revenue stream, so we can continue providing improvements and great service!
New user-friendly UI
Over Thanksgiving weekend we quietly released a significant overhaul to the dashboard UI. This UI is the first thing users see when they log-in and allows users to place buy and sell orders for Bitcoins, see their current account balances, see best prices from the order book, and the status of their own orders. These changes are meant to address the confusion new users would run into when...
New order rules
tl;dr changes go live December 23 rate precision (tick size) changing from 8 to 3 for orders new minimum quantity for orders 0.1 new error code 1402 for API on POST /rest/order/create Starting December 23, the rate precision (tick size) on BitMe will be changed from 8 to 3. This will limit the rate (or price per Bitcoin) to 3 decimal places. The new minimum quantity for an order will be...
BitMe back up after being down for a few days
BitMe is now fully back up after being down for a few days. I was out of town at a conference and was unable to attend to my daily duties. -Sean Lavine BitMe, LLC Founder
BitMe security improvements and other changes
BitMe has released a software upgrade this evening with the following changes: Password is now required to be entered for both VouchX and Bitcoin withdrawals Confirmation screen for Bitcoin withdrawals shows user the amount and address VouchX withdrawals that fail no longer get “stuck” in pending status; they now are automatically cancelled VouchX withdrawals are now charged a 2%...
New Payment Methods
BitMe is proud to announce that in keeping with it’s theme of simplicity and ease of use - it is now accepting several new payment methods including: Direct Deposit to your bank account cash deposit to BitMe wire transfer - US wire transfer - international
Software update, downtime
Starting August 29 at 00:30 GMT, BitMe will be down for approximately an hour for a large software update.
Software update to fix withdrawals to self
Saturday evening (August 18) it was discovered after reviewing transactional logs that a user had withdrawn Bitcoins from their BitMe account to themselves (using their BitMe deposit address). The BitMe software was not able to handle this automatically. The user’s account was debited (for the withdrawal) but the credit (for the deposit) was not able to be processed automatically as...
Hardened SSL/TLS configuration
Saturday evening a user reported an issue with BitMe’s SSL/TLS server configuration. A notable issue was it’s susceptibility to a protocol-based vulnerability with SSL/TLS known as BEAST. While this is a potentially serious issue, it can be difficult to pull off, as an attacker must first create a man-in-the-middle attack via another method. BitMe has since hardened it’s...
Updated Account Recovery / Security Features
BitMe has been updated with several new account recovery/security features. Security Questions New users are required to answer security questions when joining. These will be used as part of the lost password process. Current users will soon be required to answer security questions upon logging in before continuing, these may be answered now by logging in to your account and navigating to the...
BitMe will be undergoing a software update August 4 03:00 UTC and will be unavailable during this time. Expected downtime is 30 minutes or less.
Disclosure: bug affecting order placement
Late Friday night (UTC) a user reported an error they were receiving while attempting to place an order through BitMe. This error contained the message “Cannot have more than 100 open orders”. This is known as code 1401 in the API. The BitMe Founder immediately investigated the issue and indeed confirmed that this was a bug. The pre-order placement check that emits this error was...
BitMe is now in open beta and available for trading!
BitMe testnet reset
The BitMe testnet site has been reset.
The Bitcoin Drama
I mined my first block in April 2010. There weren’t any mining pools to join or any expensive hardware to buy. You just ran the original client running in the background taking advantage of that idle core you thought you needed. This is when the network difficulty was significantly lower and before Bitcoin landed in so many pop culture news outlets. The many security events that have...
Testnet is now available for testing
The testnet version of BitMe is now available for testing. I will be paying BTC for bugs and as always any feedback or suggestions are also welcome.
April 1 has come and gone. It wasn’t ready yet. I have just completed getting the testnet environment setup and configured. This has been very much beneficial in preparation for readying the future production environment. This weekend will be spent putting some final touches on the application and I will launch it for public testing either this Sunday night or Monday.
April 1 launch
Working towards the April 1, 2012 launch for the testnet!