After an extensive build and testing period, Australia welcomes a new Bitcoin exchange, Bitaroo.
Bitaroo is a truly advanced exchange and is committed to remaining a dedicated Bitcoin exchange in Australia. The small and passionate team are all Aussie Bitcoiners and come from different areas of life: Traders, IT geeks, finance professionals and business people.
Unlike most ventures, Bitaroo is 100% self-funded and did not raise any capital from 3rd party investors. Bitaroo has so far been well received by the wider Australian Bitcoin community as evidenced by an overall impressive first-month volume, testimonials, and tweets.
One such supporter is Hass McCook, a prominent Aussie Bitcoiner, writer and educator, also known as ‘Friar Hass’ on Twitter has been a vocal supporter, Tweeting:
Bitaroo CEO and Co-Founder Ethan Timor said “we were blown away by the overwhelmingly positive feedback we received. We wanted to run a live Beta with only 50 users, but we constantly received requests for more and more invites. We ended up having a volume of 300 BTC during the beta month. This was completely unexpected and we are proud to say that no major issues have been found so we were able to formally launch on schedule”.
As die-hard Bitcoin enthusiasts, the Bitaroo team set their launch to coincide with block height 630,000, aka the 'Halving'.
The team needed to be up at 4 am local time but nobody was complaining. “The halving was a lot of fun” Ethan laughs, “Many Bitcoin Twitter users were counting down the blocks and we all celebrated ushering in the new Bitcoin epoch.”
The team has carefully developed Bitaroo for those that are passionate with Bitcoin and offers features like:
- Auto DCA (Dollar Cost Averaging) allowing a ‘set and forget’ way to invest in Bitcoin
- ‘Trailing Stop’ and ‘Hidden’ orders which are unique compared to other crypto exchanges in Australia
- Negative trading fees for high net-worth traders
- Low and competitive trading fees that everyone can afford
Realizing the importance of liquidity, Bitaroo has commercial agreements in place with market makers, ensuring sufficient liquidity is available at all times. Not to mention, the exchange has several exciting new features in development and aims to take a prominent position as the best digital exchanges to buy Bitcoin in Australia.
Bitaroo’s Twitter handle, @BitarooExchange, is extremely active, responsive to any and all feedback and is personally managed by Ethan. A regular help desk is also available of course.
To find out more visit the website https://www.bitaroo.com.au or join the community on Twitter.
Ethan Timor - CEO
Ran Oran - CTO
Email: [email protected]
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