證明該行業取得成功的託管，集中式Altcoin賭場並不是唯一的途徑

投入：證明該行業成功的持有，集中的山寨幣賭場並不是唯一成功的方法

In an industry often saturated with custodial, centralized, altcoin casinos, Bull Bitcoin stands out as a privacy-focused bitcoin exchange that has taken a unique and successful path. Recently, they went multinational, bootstrapping a team in France and expanding services to the whole eurozone. This move comes a year after announcing their expansion into Costa Rica.

在一個經常充滿了託管，集中式Altcoin賭場的行業中，Bull Bitcoin是一種以隱私為中心的比特幣交易所，採取了獨特而成功的道路。最近，他們去了跨國公司，在法國舉行了一支球隊，並將服務擴展到整個歐元區。此舉是在宣布擴展到哥斯達黎加的一年後。

“Bull Bitcoin is probably the longest-running Bitcoin-only, self-custodial exchange,” said Theo Mogenet, Europe General Manager for Bull Bitcoin, in an interview with Bitcoin Magazine.

“公牛比特幣可能是最長的只有比特幣，自我監測的交流，” Bull Bitcoin歐洲總經理Theo Mogenet在接受比特幣雜誌採訪時說。

”When you buy Bitcoin from us, it goes straight to your wallet, we never hold client funds—and it reflects Francis’s vision of privacy and the cypherpunk ethos.”

“當您從我們那裡購買比特幣時，它會直接進入您的錢包，我們永遠不會持有客戶資金，它反映了弗朗西斯對隱私和cypherpunk精神的願景。”

Founded in Montreal, Canada, in 2013, Bull Bitcoin’s primary claim to fame is its noncustodial exchange model. Rather than take your fiat and credit a bitcoin balance to your account on their books, Bull Bitcoin forces users to input a Bitcoin public address before purchase. This ensures that when fiat lands on their account, they can quickly pay out the bitcoin to the user’s wallet of choice.

Bull Bitcoin於2013年在加拿大蒙特利爾成立於加拿大蒙特利爾，其名聲的主要主張是其非監測交換模式。 Bull Bitcoin並沒有將您的菲亞特和將比特幣餘額信用到您的帳戶上，而是迫使用戶在購買前輸入比特幣公共地址。這樣可以確保當菲亞特登陸其帳戶時，他們可以快速向用戶選擇的錢包支付比特幣。

They’ve also been early and active supporters of the Lightning Network and Liquid Network, and have even integrated PayJoin into their platform, all of which offer significant privacy benefits to their users.

他們也是閃電網絡和液體網絡的早期和積極的支持者，甚至將Payjoin集成到他們的平台中，所有這些都為用戶提供了重要的隱私益處。

Finally, they have developed a line of products focused not on trading and speculation but on using bitcoin as money.

最後，他們開發了一系列專注於交易和猜測，而是將比特幣用作金錢。

Bull Bitcoin enables users to pay their monthly bills with bitcoin such as rent, electricity, data plans, and as of late even buy real estate. They also have a Bitcoin wallet app that is still in its early stages, but is quickly gathering a strong list of features.

Bull Bitcoin使用戶能夠用租金，電力，數據計劃等比特幣支付每月賬單，甚至購買房地產。他們還擁有一個仍處於早期階段的比特幣錢包應用程序，但正在迅速收集強大的功能列表。

One subtle but powerful difference between Bull Bitcoin and most other exchanges is their bitcoin-only stance, which rejects selling altcoins that are the bread and butter of most exchanges — monetizing the speculative fervor of the crypto markets.

公牛比特幣和大多數其他交易所之間的一個微妙但有力的區別是他們的僅比特幣的立場，它拒絕出售大多數交易所的麵包和黃油的銷售替代幣 - 通過加密貨幣市場的投機性貨幣化。

Bull Bitcoin ignores the whole crypto market, focusing only on bitcoin, which allows it to deploy cutting-edge technologies before many of its competitors. The team at Bull Bitcoin thereby doesn’t run the compliance risk or carry technical debt that comes naturally with supporting hundreds of different altcoins.

Bull Bitcoin忽略了整個加密貨幣市場，僅關注比特幣，這使其可以在許多競爭對手之前部署尖端技術。因此，Bull Bitcoin的團隊不會承擔合規風險，也不會承擔支持數百種不同山寨幣的技術債務。

The result is a profitable company with a lean and mean team that has now gone international.

結果是一家有利可圖的公司，擁有一支精益而卑鄙的團隊，現在已經國際化了。

Privacy Is Not a Crime

隱私不是犯罪

The final piece to Bull Bitcoin’s success might be its founding story. Started by French-Canadian entrepreneur and Bitcoin Maximalist Francis Pouliot, the company has been entirely self-funded, receiving no VC money so far.

Bull Bitcoin成功的最後一件可能是其創始故事。該公司由法國加拿大企業家和比特幣的最大主義者弗朗西斯·波利奧特（Francis Pouliot）創立，該公司已完全自籌資金，到目前為止尚未獲得VC資金。

While sticking to the early cypherpunk vision of bitcoin as sovereign money could not have been easy, it has enabled the company to make decisions and employ strategies that other exchanges often avoid.

儘管堅持比特幣的早期Cypherpunk願景，因為主權資金並不容易，但它使公司能夠做出決策並採用其他交易所經常避免的策略。

Now, they are entering the EU in an era where many other cryptocurrency businesses are exiting the union. Companies like Deribit left Europe years ago and even giants like Tether are being squeezed out from the European Union due to regulatory pressure. Bull Bitcoin has instead dove in, seeing an opportunity to reach an underserved market.

現在，他們正在許多其他加密貨幣企業退出工會的時代。像Deribit這樣的公司幾年前離開歐洲，甚至像Tether這樣的巨人由於監管壓力而被從歐盟擠出。 Bull Bitcoin相反，看到了進入服務不足市場的機會。

On the compliance front, Bull Bitcoin has taken a very different approach than other market participants. Rather than over-comply out of an abundance of caution as seen with many crypto exchanges, they have stuck to the letter of the law, and looked for ways to defend their users from overzealous regulators or politicians.

在合規方面，公牛比特幣採取了與其他市場參與者的截然不同的方法。他們並沒有在許多加密交易所中看到過多的謹慎，而是堅持法律的信，並尋找方法來捍衛其用戶免受過度狂熱的監管機構或政客的侵害。

“We have a lot of experience dealing with the government. We come from Canada so we are used to government oversight. The compliance burden of the European Union, although much higher than Canada, doesn’t scare us,” Francis Pouliot told Bitcoin Magazine.

弗朗西斯·波利奧特（Francis Pouliot）告訴比特幣雜誌：“我們與政府打交道有很多經驗。我們來自加拿大，因此我們習慣了政府的監督。歐盟的合規負擔雖然比加拿大高得多，但並不會嚇到我們。”

Theo Mogenet added:

Theo Mogenet添加了：

“We have certain obligations in terms of fighting money laundering — that we cannot really circumvent. But as you mentioned, when, for example, a government, be it in Canada or here in Europe, will ask for a bulk of transactions without any judicial mandate, without any legal basis to do so, our policy is just to fight back and make sure that we can use every piece of legislation that is out there — to basically push back on the government’s demand.”

“我們有一定的義務在與洗錢方面的鬥爭 - 我們不能真正規避。但是，正如您提到的那樣，例如，當政府，無論是在加拿大還是在歐洲，都會要求進行大部分交易，而無需任何司法要求，而無需任何法律依據，我們的政策只是為了進行反擊，並確保我們可以使用所有政府的政府來努力，從而使所有政府都付諸實踐。

Expansion Into Costa Rica

擴展到哥斯達黎加

Bull Bitcoin’s expansion is not limited to Canada and Europe. In recent years, Bull Bitcoin started making inroads into Costa Rica, marking their entrance into Latin American markets, an ecosystem often driven by peer-to-peer payments and low-tech infrastructure.

公牛比特幣的擴張不僅限於加拿大和歐洲。近年來，公牛比特幣開始進入哥斯達黎加，標誌著他們進入拉丁美洲市場，這是一個生態系統，通常是由點對點付款和低技術基礎設施驅動的。

Becoming the first “Bitcoin exchange in the country,” it quickly integrated with the very popular mobile text payments service SINPE Móvil, allowing users to trade sats for fiat quickly and in a way the local population was familiar with.

它成為第一個“該國的比特幣交易所”，它迅速與非常受歡迎的移動文本支付服務SinpeMóvil融為一體，使用戶可以快速交易fiat，以某種方式以當地人口熟悉。

The result seems to have been a quick expansion of adoption among farmers markets and other produce retailers, which often feature videos from Francis and the team, enjoying the Central-American weather.

結果似乎是在農貿市場和其他農產品零售商中快速擴展採用，這些零售商經常以弗朗西斯和團隊的視頻為特色，享受中美洲的天氣。

The move to Costa Rica was famously driven by an escape from the Covid restrictions in Canada, which Francis protested and opposed.

前往哥斯達黎加的搬遷是逃避加拿大的共同限制的驅動，弗朗西斯抗議和反對。

Bull Bitcoin soon partnered

公牛比特幣很快夥伴關係