Because of the SegWit2x-related update, our exchange service will be unavailable from 31st July until 4th August

Nowadays, the Bitcoin community offers different solutions for the known problem of the limited block size in the Bitcoin network. Important decisions will take place on 1st August. On this date SegWit2x will be activated, which will change the block size to 2MB (where before it was 1MB) and implement new optimizations, making it possible to store higher amounts of transactions. In addition, the "Lightning Network" feature will be activated. With this feature, Bitcoins can be transferred much faster and without a transaction fee. However, during this update, there is a risk that the Bitcoin blockchain will be split into two different versions (called "Hard Fork").

The Bitcoin core developer team recommends to stop sending and receiving Bitcoins before 1st August until the situation is cleared up:

If you accept bitcoins as payments, we recommend that you stop accepting Bitcoin payments at least 12 hours before Tue Aug 01 2017 02:00:00 GMT+0200 (CEST), although 24 to 48 hours earlier may be safer. This will give time for all pending payments to confirm on the Bitcoin block chain before the event.
(source: https://bitcoin.org/en/alert/2017-07-12-potential-split)

To protect our customers, we will stop our exchange service from 31st July until 4th August. The activation date on 4th August may change depending on the situation.


Andreas M. Antonopoulos Speaks on Bitcoin in Phnom Penh

Computer scientist, author, entrepreneur and renowned bitcoin expert, Andreas M. Antonopoulos will be addressing a crowd at the newly created Trybe workspace located in central Phnom Penh, across the street from the French institute, Friday February 17th at 7 PM

Details about this event you can read on this page.


4.5% commission fee

Today we reduced our commission fee to 4.5% (before was 5%), and in rare cases, we will offer even better conditions. On the homepage you can see the current Bitcoin buying- and selling-price, including the commission fee.

To make this change possible, we reduced the time for the payment transfer. Now we provide 12-hours (previously 24 hours) for our customers to transfer USD or Bitcoin amounts. From our previous experience we can confirm that this will be more than enough time for most customers.


Integration of member accounts and other improvements

With today's update, we have reworked bitcoincambodia.com.
One of the most important changes is the integration of member accounts. Prior authorisation of the member ID will therefore be completely replaced. Unfortunately all members must now re-register with any new username. But this is a step which requires one minute at most. The integration of member accounts is especially important for further development. In the coming months we will integrate further functionalities which require the member accounts.
In addition, we have implemented various small improvements in the software.
The blog site has been introduced and is accessible via http://blog.bitcoincambodia.com/ In addition to Twitter and Facebook we will also publish service-relevant news there.