About Bitonic

Launch Bits

Bitonic has launched a new service: Bits. With Bits you can use automatic bank transfers to set up an automated recurring savings plan to periodically buy bitcoin. That allows you to achieve a more average price and save bitcoin bit by bit.

DNB reconsiders wallet-verification demand

DNB acknowledged the vision by Bitonic and revoked the wallet-verification requirement. Bitonic has ceased wallet-verifications shortly after and destroyed the unlawfully collected screenshots.

Bitonic is 9 years old!

Since today Bitonic has existed for nine years!

Preliminary relief judge mostly agrees with Bitonic

The registration at DNB appears to have characteristics of a licensing regime, stated the preliminary relief judge. The preliminary relief judge mostly agreed with Bitonic and called on DNB to reconsider the wallet-verification requirement.

Podcast Het Nieuwe Geld

In the podcast Het Nieuwe Geld (Dutch) Reinjan Prakke investigates our monetary system: how it works, what it's faults are and how it will change in the future. Sponsored by Bitonic.

Bitonic asks for files for preliminary injunction to be

relieved of wallet-verification requirement Bitonic disagrees with the wallet-verification requirement and has gone to court in order to verify the lawfulness of the requirement. Read our vision here.

Bitonic is registered with the Dutch Central Bank (DNB)

Bitonic is officially listed in the crypto-register of the Dutch Central Bank (DNB). We have implemented all required measures and may now continue our services to our customers. In response to further questions, we outline our vision on the legal requirements. These originate from the fifth European Anti-Money Laundering Directive (AMLD5) which is implemented via changes in the Dutch anti-money laundering law.

Bitonic registration green-lit by De Nederlandsche Bank

This afternoon we heard that the registration at De Nederlandsche Bank (DNB) was successful and we will be included in the register shortly.

New measures with regards to registration

Since today we have implemented (under protest) additional measures to verify bitcoinadresses. DNB obliged us to take these measures, referring to the Sanctions law. Read our news article for more information.

New verification system activated

On april 21st the Dutch Senate voted in favour of new regulations regarding the Dutch implementation of the European Anti-Money Lau ndering Directive (AMLD5). These new regulations are expected to go into effect within several days and from that moment Bitcoin companies will have to adhere to the new rules.Because of this we have adjusted our systems and starting today our new verification process will go live.

Bitonic launches verification apps (iOS/Android)

Because of new regulations were are legally obliged to verify the identity of customers through their identity documents. To lower the barrier and increase the speed of verification Bitonic has developed an app (iOS/Android) which allows us to read the required data through NFC, so that you do not have to send in a picture. This saves time and is more secure.

AMLD5 regulations published in official gazette

Today the AMLD5 regulations have officially gone in effect in the Netherlands. The law was approved on April 21st of this year and waspublished today in the official gazette of the Netherlands. Because of this we have rolled out our new verificationsystem to adhere to the legal demands.

Bitonic is 8 years old!

In the exceptional year 2020, Bitonic celebrates its 8th anniversary today. A new era has started with the new legislation and on top of that, the Corona pandamic has turned the world upside down. Therefore, Bitcoin is more important than ever because fiat money is worth less every day.

AMLD5 implementation accepted by the senate

On April 21st 2020 the Dutch senate accepted the Implementation Act implementing the European fifth Anti-Money Laundering Directive. This adds cryptocompanies to the list of non-financial institutions which have to adhere to the demands in moneylaundering laws (Wet ter voorkoming van witwassen en terrorismefinanciering (Wwft).

Bitonic has become a happy sponsor of Bitcoin Optech

Bitcoin Optech helps Bitcoin users and businesses integrate scaling technologies. This initiative is an important contribution to Bitcoin and therefore we feel it's important to support this.

Bitonic has a fresh new look!

Today we are proudly launching our brand new website! A complete upgrade of our systems and a overhaul of our corporate identity. Our famous triangles have also been pushed to the next level.

Fiat deposits BL3P iOS app

Fiat deposits for the pre-alpha iOS testers are from today available. This is the next step to the complete BL3P app experience. Happy trading!

You can apply here: pre-alpha.bl3p.eu

Bitonic welcomes the 40th colleagues!

Today Bitonic has welcomed the 40th colleague. This is a great milestone, but certainly not the last. Next one, 50th!

Sponsoring Baltic Honey Badger

Bitonic is this year again the proud sponsor of Baltic Honeybadger at Riga, Latvia. The Bitcoin event, which focuses on Bitcoin and surrounding technologies, was this year a success again. The speakers and panelists spoke about interesting subjects such as privacy, incentives, bitcoin threats, and the Lightning Network.

For more info and videos: hodlhodl.com

Sponsoring Scaling Bitcoin

Bitonic travelled to Tel Aviv to attend Scaling Bitcoin. This scientific and technical event full of interesting workshops was completely focussed on the Bitcoin-protocol. Erlay, Lightning Network, and Miniscripts were discused in great depth. Bitonic thinks it very important to support the Bitcoin ecosystem and therefore was one of the sponsors this year.

For more info and videos: Scaling Bitcoin 2019 or via bitcoin.nl

Lightning Hackday Berlin

The third Lightning Hackday took this year place in Berlin. Various speakers were here to talk in depth about the Lightning development and the associated technical innovations. Eltoo and Schnorr signatures, among other things, were discussed.

More info: Lightning Hackday Berlijn [Dutch]

Bitonic sells 400.000th bitcoin

A great new milestone for Bitonic. Today the 400.000th bitcoin has been sold. Both Bitonic and Bitcoin have grown a lot since 2012 and together they will keep growing!

400,000th bitcoin sold!

Since the founding of Bitonic in April 2012, we have sold our 400.000th bitcoin today. A memorable milestone for the Netherlands & Belgium. In April 2012, bitcoin was worth ~4.00 €, today the price is ~ 10,000 €.

Sponsoring Breaking Bitcoin

After the success of Building on Bitcoin last year is Bitonic again a proud sponsor. This year was it in the own city, Amsterdam! At the Beurs van Berlage interesting subjects such as privacy, security, and wallets were discussed. Bitonic was there in great presence, so a succesful event!

For more info and videos: breaking-bitcoin.com

CoreDev Tech Amsterdam

Bitonic has always been involved in the developements surrounding Bitcoin. The Core developers maintain and enchance Bitcoin, and make the further growth of the Bitcoin ecosystem possible. That is why Bitonic is the proud sponsor of CoreDev meetings that this week were in Amsterdam.

BitMerchant service stops

For the worldwide adoption of bitcoin acceptance at webshops, websites, and stores are of great importance. We regret to inform you that we can longer support BitMerchant. However, we still have trust we will offer the service in the future, but why have not a specific date yet.

Sponsoring Grin Amsterdam

Bitonic always watches the innovation in the cryptocurrency space. Thanks to our years of technical expertise we have great trust in Bitcoin. Nevertheless, there is a great interesting project named Grin. Bitonic is therefore proud sponsor of this innovation and the Grin event in Amsterdam.

For more info and videos: grinamsterdam.com

Celebrating 10 years Bitcoin whitepaper

Exactly ten years after the Bitcoin whitepaper publication, Financieel Erfgoed foundation and Bitonic host an event to celebrate the fundamental write-up of the Bitcoin protocol.

For more info about this event: Celebrating 10 years Bitcoin whitepaper

Building on Bitcoin

At the start of July, Building on Bitcoin, or just BoB, took place. Building on last year's Breaking Bitcoin conference in Paris, a large group came together in Lisbon. Bitonic was there to witness the talks and join the discussion. BoB focussed on further building the Bitcoin protocol and applications to use Bitcoin.

Bitonic's 6th birthday!

Celebrates its sixth birthday! Only six years ago, on May 1 2012, Bitonic was officially founded. This is a big milestone for us a a Bitcoin company, and will be celebrated as such…

BL3P welcomes new users

BL3P is growing and accepts new users again, upon invitation. A growing number of users embrace the platform, providing a stable backbone for future growth.

Bitcoin price reaches $10.000 mark

Bitcoin reaches the milestone $10.000. World news: Bitcoin prices surpass the ten thousand dollar mark. Bitonic makes the national news with an item in its Amsterdam office.

BL3P live throughout Europe!

BL3P, the Dutch Bitcoin exchange by Bitonic, is available to all European countries starting today. Anyone living in the SEPA zone with a SEPA bank account can now sign up and start trading bitcoins at BL3P.

Bitonic opens second office in Amsterdam!

In addition to at our office in Baarn we will now also be able to receive you at Weesperstraat 394-396 in Amsterdam!

Bitonic is celebrating its fifth anniversary!

Bitonic was officially founded five years ago, on May 1, 2012. This is a significant milestone for us as a Bitcoin company, so Bitonic will be celebrating throughout May!

Birthday Bitonic

Bitcoin.nl is now live!

Bitcoin.nl is a new initiative by Bitonic. Our mission is to provide reliable and current news for all information relevant to Bitcoin. A good source of information is an important starting point for anyone who wants to learn more about Bitcoin.

Scaling Bitcoin 2016: Retarget — Milan.

It has been 10 months since the last Scaling Bitcoin workshops took place in Hong Kong, China. This year the workshops were held in Milan, Italy. Bitonic was a sponsor of the event, as we feel it is important to support Bitcoin development and initiatives that aid the technical consensus-building process.

Read our report Scaling Bitcoin Milan

Dutch Blockchain Conference 2016

Today, the Dutch Blockchain Conference 2016, previously Dutch Bitcoin Conference, took place. It was hosted at the KPMG headquarters and tickets for the event were completely sold out - "Blockchain" is hot ;).

Bitonic sponsored the event. In addition, we launched a proof-of-concept that provided every attendee with some tokens that could be exchanged for other tokens. A successful day with many positive reactions. Read more about our proof-of-concept and our new service called ownchain

Report Scaling Bitcoin workshops part II - Hong Kong, China

A while ago part II of the Scaling Bitcoin Workshops took place and a lot has happened since then. After the first workshop in Montreal, this time also two representatives (Jouke & Niels) from Bitonic traveled to Hong Kong to attend the second workshop.

In this report we would like to not only refer to the Hong Kong event, but also to the events that occurred in the meantime. We discuss in this report the roadmap of Core Developers, the difference between a soft forks and hard forks and the status of a number of developments, such as Lightning Network.

Report Scaling Bitcoin II

Bitonic exist four years!

May 1 we already existed four years and this is traditionally celebrated with a BBQ @ HQ Bitonic

New winner in our team

Michiel Biersteker - Allround Developer

Michiel (a.k.a. Gielbier) has a study background in Medicine, but has turned his Bitcoin-hobby into a career at Bitonic. From a young age Michiel played around with Qbasic, VisualBasic and Delphi, as well as PHP/HTML/Flash for website design.

More recently, Michiel has started to use PHP/NodeJS to design web applications. This experience will prove useful for Bitonic, as here Michiel will take on the role of app developer for various projects.

PGP 1D16 CF0F 35DB 6C58 4935 6093 9DA2 CF15 D1CF B7E4

BL3P live in The Netherlands!

After testing in the closed beta phase, BL3P is now open for everyone in The Netherlands with a bunq bank account. We tested and optimized BL3P, with help of the users from our beta phase. Thanks for your testing and feedback!

You can register at BL3P if you have a bunq bank account. Are you not yet using bunq? Download the bunq app and open a free bank account.

Bitonic Puzzle 2016!

Just before New Year, we sold our 200 000th bitcoin! We are very proud to have come this far and would like to thank our customers for making this happen.

To celebrate this, we created five bitcoin-related puzzles. The solution to each puzzle was a key required to start (and sometimes solve) the next.

The puzzle is still online: Puzzle 2016

Report Scaling Bitcoin workshops - Montreal, Canada

Bitonic attended the 'Scaling Bitcoin' workshops in Montreal, a conference aimed at exploring the issues and hurdles surrounding Bitcoin's scalability.

We wrote about our findings here here.

BL3P is TabTrader ready!

Our exchange BL3P has been integrated into TabTrader.

TabTrader is a free mobile trading terminal. Fast price charts with technical indicators, drawing and trading directly from charts. Includes widget. Price alerts by push notifications. Newsfeed from Reddit, Coindesk, Bitcoin Magazine.

Download the App from here

New addition to our team!

Jeroen Rijnbout

Jeroen has a BSc in Artificial Intelligence from the University of Amsterdam and will be starting his MSc in Computational Finance next year; an all-rounder with a perfect mix of technical know-how and financial knowledge. At Bitonic, Jeroen will be focusing on some of the technical challenges facing Bitcoin.

PGP: 1CAA 8F0E F7E6 00A6 8508 06C9 9D97 47F5 7F1A B27F

A new milestone

Bitonic sells 175,000th bitcoin

Today we sold our 175,000th bitcoin!

To reach this milestone, we only needed a bit more than 3 years. 200,000 bitcoins, here we come!

Dutch National Bitcoin Congress 2015

Today the second Dutch National Bitcoin Congress was held, organized by Rutger van Zuidam and Vincent Everts. Last year the event was held at ABN AMRO, this year it was held at the ING Head Quarters.

<

p>Our colleague Jouke was interviewed by Vincent Everts and asked about the experiences he’s had with Bitonic and Bitcoin in the Netherlands. The day was a success, with many interesting speakers. Bitonic not only sponsored the event, we also took care of the access badges and we were hosting a stand at which people could experiment with Bitcoin.

<

p>

We’re already looking forward to the 2016 edition! If you want to get an impression of this year’s event, click here

Ordina/Bitonic seminar in cooperation with Holland FinTech

Today we organized our 3rd joined event with Ordina. During this edition we enjoyed the cooperation of Holland FinTech - a huge gain!

In a seminar hosted by George van Hout, a full room listened to many very interesting speakers. The theme was: 'Enabling the sharing economy', on which different experts gave his or her vision on today’s technological changes.

For more information about this seminar: Seminar Enabling the sharing economy

3-year anniversary

We celebrated our 3-year anniversary traditionally with a BBQ

Bitonic Fintech Award winner

Today Bitonic has won the Dutch Fintech award in the Bitcoin category - one of the awards for the most promising financial startups. This is an achievement which we are very proud of!

Bitonic reaches milestone!

The sale of the 150,000th bitcoin is a fact.

Thursday, January 15, 2015 we have reached a new milestone: the 150,000th bitcoin is sold through bitonic.nl! Something we could only dream of when we started our company less then three years ago with a stock of 100 bitcoins.

New colleague

Bianca Buurman

Bianca has joined the team to coordinate marketing and business development activities. Bianca has over 10 years experience in the recruitment industry in both commercial, coordination and support roles. With this broad experience, she is a true midfielder! In addition, she shares a passion for developments in society, such as Bitcoin.

PGP 0x39038E8C

Donations Bits of Freedom

using Bitonic

Starting today, the bitcoin donations to the Dutch electronic freedom foundation Bits of Freedom are handled via our BitMerchant.

New colleague

Jonneke Hofman

Jonneke studies International Business Management (MBA) at Stanford International University in Bangkok, Thailand. Jonneke will be researching international possibilities and challenges of Bitcoin. She will also be looking into the Chinese market.

Daan Schröder

Daan Schröder will be the 11th member to strengthen our team. As project manager, Daan will be responsible for making sure all projects at Bitonic run smoothly.

Risk & Compliance

Geert Blom

Geert Blom will be focusing on all matters related to Risk & Compliance, ensuring that, through Enigma Consulting, BL3P & BitMerchant's Risk & Compliance is covered.

PGP 785D FBED 8E0C 8F4D AE41 B7B6 CC44 7FB6 D77D 840C

Back-end developer

Erik Roijackers

Erik is a freelance programmer, experienced in developing software for various banks. Erik will be using his knowledge and skills to support the development of our exchange BL3P.

PGP 0xDE96D1E7

New addition to our team!

Giuseppe Mazzotta

Giuseppe, originally from Palermo, Italy, has many years of experience as back-end developer at various companies. Giuseppe is a great addition to our team as Systems Analyst & Software Developer.

PGP 0x773577A4

Bitonic celebrates 2 years!

Actually in April, officially May 1st, 2014.

On May 1st 2012 Bitonic officially opened, with only 100 bitcoin in stock (valued at about 5 euro a piece at that time).

New addition to our team

Annelot de Wit

As fifth member of our team at Bitonic, Annelot will be focusing on optimizing customer support, company planning and HRM.

PGP 0x22B6F39C

Moved again

Oude Utrechtseweg 17C, Baarn

We needed more space, from only 30 m2 to more than 170 m2.

Milestone:

Bitonic sells its 100,000th bitcoin

In less than 2 years we've sold our 100,000th bitcoin, which is also a milestone for Bitcoin in the Netherlands.

An exchange

Exchange BL3p (private beta) launched

We released our exchange platform, codenamed BL3p, to a select group of test users. The trading engine has been developed by an external party with years of experience in the financial world.

License request:

Guided by: Enigma Consulting B.V.

January 1st we officially started the request for a license with the Dutch Central Bank. We hired Enigma to help us in this process.

Daan Kleiman

Daan is responsible for marketing and business development. In addition, Daan is also responsible for the Bitonic Academy.

PGP 3186 4226 E333 635C F501 3316 ACAF 5B43 68D1 474D

Third employee

Matthijs de Waard

Matthijs de Waard joins our team. Matthijs' responsibilities include customer service, financial department support and human resources.

PGP C4B4 99CA 7504 1927 EBF4 EF1B EDF1 07A9 B9C9 5DED

New addition to our team

Pieterjan Goppel

Pieterjan has years of experience from his own online back-up storage company (mindtime) and started at BTCNext in 2013. This knowledge and experience are a perfect addition to Bitonic's commercial activities.

PGP 95EE 313D 657A 45B3 8747 8748 23BD 0652 DF7E 898C

Merger Bitonic & BTCNext

Bitonic is taking over BTCNext! Pieterjan Goppel will be the third addition to our team!

BitMerchant Live

Starting now, (web)shops will be able to accept bitcoins as payment through BitMerchant!

Second addition to our team!

Roy van Zanten

As medior developer at Bitonic, Roy will be responsible for the technical implementation of BitMerchant.

PGP 0FBE 6FF4 A34A F455 77E7 4F9A 7C01 C960 8FFE 2904

First addition to our team!

Wouter van Medevoort

Wouter will be responsible for all financial matters within Bitonic.

PGP 0x6A3CB714

Anniversary

Bitonic was founded one year ago!

Bitonic's first anniversary will be celebrated at our new offices in Driebergen.

Moved

Office in Driebergen

Until now Bitonic was operated from Robert's living room, the time had come to get some office space.

Selling bitcoins

Bitonic will start buying bitcoins through our website.

Customers will now be able to sell their bitcoins to us. The funds will be transferred the next business day. This makes trading bitcoins much easier and faster, now that no international bank transfers to exchanges are involved.

Registered KVK Bitonic v.o.f.

Bitonic B.V. originally started as V.O.F. on May 1, 2012.

Lift off!

iDealcoin launched

Within 24 hours we served our first customers.

Idealcoin.nl becomes Bitonic.nl

"Bitonic", an anagram to Bitcoin, will be our new brand name starting June 12, 2012.

Baby steps

iDealCoin

Before Bitonic, there was: idealcoin.nl.

Jouke Hofman, Robert de Waard & Niels van Groningen

Find a solution to a problem

Buying Bitcoins was pretty difficult in 2012. Jouke, Robert en Niels made it their mission to solve this: Buying bitcoins easily using the Dutch payment system iDeal.