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What is BL3P?
BL3P is a Bitcoin exchange that facilitates trading between Bitcoin (BTC) and Euro (EUR), providing users with a transparent, efficient, and user-friendly trading experience. With a fixed fee of 0.25% per trade, BL3P offered both market and limit orders, ensuring no hidden fees and fast processing for withdrawals and deposits. The platform was intended to empower users with real-time price estimates; however, it was announced that trading on BL3P would be permanently halted on December 20, 2024, with all user balances transferred to Bitonic.
Originating from Bitonic, a reputable Bitcoin company established in 2012 in the Netherlands, BL3P distinguished itself as the only Bitcoin exchange operating within the country. This unique positioning allowed BL3P to maintain robust relationships with Dutch banks and adhere to strict regulatory standards. The exchange catered to a diverse European clientele while ensuring that user funds were managed securely through a dedicated foundation, Stichting Bitonic Payments, designed to enhance compliance and protect customer assets.
Though trading has ceased, BL3P has provided an array of features aimed at enhancing user engagement and informed trading decisions. Users accessed tools for monitoring 24-hour trading volumes and price ranges, as well as guidance on using market and limit orders effectively. Security measures, such as two-factor authentication and comprehensive resources, help protect user accounts. As BL3P transitioned to Bitonic, the focus remained on enhancing services and features better to serve the Bitcoin community in the evolving regulatory landscape.
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