证明该行业取得成功的托管，集中式Altcoin赌场并不是唯一的途径

投入：证明该行业成功的持有，集中的山寨币赌场并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.

在一个经常充满了托管，集中式Altcoin赌场的行业中，Bull Bitcoin是一种以隐私为中心的比特币交易所，采取了独特而成功的道路。最近，他们去了跨国公司，在法国举行了一支球队，并将服务扩展到整个欧元区。此举是在宣布扩展到哥斯达黎加的一年后。

“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.

“公牛比特币可能是最长的只有比特币，自我监测的交流，” Bull Bitcoin欧洲总经理Theo Mogenet在接受比特币杂志采访时说。

”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.”

“当您从我们那里购买比特币时，它会直接进入您的钱包，我们永远不会持有客户资金，它反映了弗朗西斯对隐私和cypherpunk精神的愿景。”

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于2013年在加拿大蒙特利尔成立于加拿大蒙特利尔，其名声的主要主张是其非监测交换模式。 Bull Bitcoin并没有将您的菲亚特和将比特币余额信用到您的帐户上，而是迫使用户在购买前输入比特币公共地址。这样可以确保当菲亚特登陆其帐户时，他们可以快速向用户选择的钱包支付比特币。

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.

他们也是闪电网络和液体网络的早期和积极的支持者，甚至将Payjoin集成到他们的平台中，所有这些都为用户提供了重要的隐私益处。

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

最后，他们开发了一系列专注于交易和猜测，而是将比特币用作金钱。

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使用户能够用租金，电力，数据计划等比特币支付每月账单，甚至购买房地产。他们还拥有一个仍处于早期阶段的比特币钱包应用程序，但正在迅速收集强大的功能列表。

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.

公牛比特币和大多数其他交易所之间的一个微妙但有力的区别是他们的仅比特币的立场，它拒绝出售大多数交易所的面包和黄油的销售替代币 - 通过加密货币市场的投机性货币化。

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忽略了整个加密货币市场，仅关注比特币，这使其可以在许多竞争对手之前部署尖端技术。因此，Bull Bitcoin的团队不会承担合规风险，也不会承担支持数百种不同山寨币的技术债务。

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

结果是一家有利可图的公司，拥有一支精益而卑鄙的团队，现在已经国际化了。

Privacy Is Not a Crime

隐私不是犯罪

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成功的最后一件可能是其创始故事。该公司由法国加拿大企业家和比特币的最大主义者弗朗西斯·波利奥特（Francis Pouliot）创立，该公司已完全自筹资金，到目前为止尚未获得VC资金。

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.

尽管坚持比特币的早期Cypherpunk愿景，因为主权资金并不容易，但它使公司能够做出决策并采用其他交易所经常避免的策略。

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.

现在，他们正在许多其他加密货币企业退出工会的时代。像Deribit这样的公司几年前离开欧洲，甚至像Tether这样的巨人由于监管压力而被从欧盟挤出。 Bull Bitcoin相反，看到了进入服务不足市场的机会。

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.

在合规方面，公牛比特币采取了与其他市场参与者的截然不同的方法。他们并没有在许多加密交易所中看到过多的谨慎，而是坚持法律的信，并寻找方法来捍卫其用户免受过度狂热的监管机构或政客的侵害。

“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·波利奥特（Francis Pouliot）告诉比特币杂志：“我们与政府打交道有很多经验。我们来自加拿大，因此我们习惯了政府的监督。欧盟的合规负担虽然比加拿大高得多，但并不会吓到我们。”

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.”

“我们有一定的义务在与洗钱方面的斗争 - 我们不能真正规避。但是，正如您提到的那样，例如，当政府，无论是在加拿大还是在欧洲，都会要求进行大部分交易，而无需任何司法要求，而无需任何法律依据，我们的政策只是为了进行反击，并确保我们可以使用所有政府的政府来努力，从而使所有政府都付诸实践。

Expansion Into Costa Rica

扩展到哥斯达黎加

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.

公牛比特币的扩张不仅限于加拿大和欧洲。近年来，公牛比特币开始进入哥斯达黎加，标志着他们进入拉丁美洲市场，这是一个生态系统，通常是由点对点付款和低技术基础设施驱动的。

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.

它成为第一个“该国的比特币交易所”，它迅速与非常受欢迎的移动文本支付服务SinpeMóvil融为一体，使用户可以快速交易fiat，以某种方式以当地人口熟悉。

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.

结果似乎是在农贸市场和其他农产品零售商中快速扩展采用，这些零售商经常以弗朗西斯和团队的视频为特色，享受中美洲的天气。

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

前往哥斯达黎加的搬迁是逃避加拿大的共同限制的驱动，弗朗西斯抗议和反对。

Bull Bitcoin soon partnered

公牛比特币很快伙伴关系