Bestcoinexchange brings to you an exclusive interview with Justcoin, one of the leading online exchanges in Scandinavia. Fredrik August Harto, the Operations manager at Justcoin took his time and shared his opinion about Bitcoin and the future of crypto-currency itself.

BCE: When did the idea of creating an exchange born? Where did the impulse came from?

F.A.H.: The company was founded on May 7, 2013 by Klaus Bugge Lund and Andreas Brekken.

BCE: How many members does your team contain? What are their specializations?

F.A.H.: Currently 6. Our team members have specializations in management, development, support and communication. We are constantly looking for new members to our team.

BCE: What is your slogan?

F.A.H.: Scandinavia’s largest bitcoin-exchange.

BCE: What makes your service better than the other exchanges?

F.A.H.: We have heard that our UI is extremely user friendly and that the response time in support and ID verifications are among the swiftest. We also have a tiered fee structure, which makes it possible for our users to trade without fee if their monthly trade volume exceeds 100 BTC.

BCE: What effort do you put to ensure the security and privacy of your users? What encryption do you use? Any other security methods?

F.A.H.: All traffic to our servers is encrypted using our extended validation SSL certificate. In addition, Cloudflare monitors all our traffic to protect us from DDoS attacks. Also, over 90 % of our user’s funds are stored in a fire-proof bank vault. We are offering a 2-Factor Authentication provided by Google Authenticator.

BCE: Do you take part in crypto-currency conferences?

F.A.H.: We are arranging a Bitcoin-meetup in Oslo June 2014, there is an overwhelming amount of people attending.

BCE: What needs to be done that Bitcoin would go mainstream?

F.A.H.: In order to become attractive to others than the especially interested, I believe more stores must accept it as a payment method. We are seeing more and more companies looking to accept Bitcoin, both to be on top of technology trends and to reduce payment processing costs.

BCE: Do you believe that cyber-currency can grow to a future currency and will rule out cash/credit cards? If yes, will it be Bitcoin, do you think?

F.A.H.: If not outrule, it will at least become a solid alternative to the fiat currency and its payment methods. I believe the trustability of an alternative currency is stronger if it doesn’t get replaced every now and then, thus Bitcoin (or another digital currency) must show stability and predictability over time.

BCE: Is Bitcoin mining a difficult task nowadays for a regular user?

F.A.H.: The difficulty is certainly higher than ever, making it unfeasible to mine for small “amateur” mining rigs.

BCE: Who do you think is behind Satoshi Nakamoto’s name? How the Bitcoin story would unfold if the creator of Bitcoin reveals himself/herself/themselves?

F.A.H.: No idea who that might be, and I don’t really think it is of any importance anymore. Bitcoin is not dependant on any single person or entity.