<p>According to <a href="https://en.bitcoin.it/wiki/History" rel="noreferrer">https://en.bitcoin.it/wiki/History</a>:</p>

<blockquote>
  <p>2009
  October 5 Exchange rates published by New Liberty Standard. $1 = 1,309.03 BTC (and theymos thought NLS was overcharging[3])</p>
</blockquote>

<p>It cites <a href="http://newlibertystandard.wetpaint.com/page/2009+Exchange+Rate" rel="noreferrer">http://newlibertystandard.wetpaint.com/page/2009+Exchange+Rate</a>
and
<a href="https://en.bitcoin.it/wiki/History#cite_note-2" rel="noreferrer">https://en.bitcoin.it/wiki/History#cite_note-2</a></p>

<p>That first citation seems to have a decent list of pre-May 2010 exchange rates.</p>

CC BY-SA 3.0
2012-11-20T18:06:55.443Z
That's cool. I still think there's room for more detail in the scope of this question (e.g., how much volume did NLS have with these rates, other early exchanges and their starting rates).
Meni Rosenfeld
CC BY-SA 3.0
2012-11-20T21:23:36.877Z
Yes, maybe someone who was actually around (in 'the Bitcoin world') back then could shed some light on the  volume of NLS. Also, I would expect the most volume at the time to have come from OTC trades, so maybe someone can chime in with their anecdotal experience for that time frame.
smickles
CC BY-SA 3.0
2012-11-20T17:54:29.590Z
2012-11-20T17:54:29.590Z
smickles
<p>Trading on Mt. Gox, which is now the largest Bitcoin exchange, started in July 2010 at an exchange rate of $0.05 USD. <a href="https://bitcointalk.org/index.php?topic=137.msg1146#msg1146">This comment</a> suggests that on May 2010, bitcoins were traded at bitcoinmarket.com for roughly $0.004 USD.</p>

<p>What other exchanges existed this early in Bitcoin's life? What is the earliest/lowest recorded exchange rate?</p>

<exchanges><historical-trade-data>
What is the early history of the BTC exchange rate?
Meni Rosenfeld
# What is the early history of the BTC exchange rate?

(Asked by: username_0 on 2012-11-20)

Trading on Mt. Gox, which is now the largest Bitcoin exchange, started in July 2010 at an exchange rate of $0.05 USD. [This comment](https://bitcointalk.org/index.php?topic=137.msg1146#msg1146) suggests that on May 2010, bitcoins were traded at bitcoinmarket.com for roughly $0.004 USD.

What other exchanges existed this early in Bitcoin's life? What is the earliest/lowest recorded exchange rate?

**Tags:** exchanges, historical-trade-data


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## 1 answers

### Answer by username_1 on 2012-11-20. Score: 5

According to <https://en.bitcoin.it/wiki/History>:

> 2009
> October 5 Exchange rates published by New Liberty Standard. $1 = 1,309.03 BTC (and theymos thought NLS was overcharging[3])

It cites <http://newlibertystandard.wetpaint.com/page/2009+Exchange+Rate>
and
<https://en.bitcoin.it/wiki/History#cite_note-2>

That first citation seems to have a decent list of pre-May 2010 exchange rates.

> **Comments:**
> **username_0**: That's cool. I still think there's room for more detail in the scope of this question (e.g., how much volume did NLS have with these rates, other early exchanges and their starting rates).  
> **username_1**: Yes, maybe someone who was actually around (in 'the Bitcoin world') back then could shed some light on the  volume of NLS. Also, I would expect the most volume at the time to have come from OTC trades, so maybe someone can chime in with their anecdotal experience for that time frame.  

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