which exchange is better to trade heavycoin:
atomic-trade.com
cryptoaltex.com
or c-cex.com
They all seems very new and I am concerned about security as there have been quite a few exchanges hacked, please can you tell me how can trust these exchanges, how can they prevent from being hacked, what warranty cant they give me?
How did they manage to hacked exchanges, and how do I know it will not happen to the exchanges listed above?
Please I will appreciate your advice, thanks
Hello Parano,
I am the owner of CryptoALTeX. I've recently (a few pages back) had a discussion about security with the owner of atomic-trade. I would feel comfortable using either of our platforms. I have heard numerous reports that c-cex has been having issues.
I would never leave my currency on an exchange, even on my own. Why do I say that? Because I work in the information security field and I see major business getting hacked daily. That said I force more security than a lot of exchanges because I feel that this is what the crypto world needs right now. Even one user who has their account hacked is bad for the community, the attacker will dump all your coins thus hurting the prices and wallets of everyone in the community.
I require 2 factor logon because, why not? Why not protect the users who refuse to use a unique secure password for each site. Why send a withdraw to someone unverified besides username and password? What if a user forgot to lock their computer and someone who knows they are doing coins walks up to it and withdrawals to their own address? Sure they could possibly access the persons email as well but with smart phones etc users will receive the email and at least have a chance to click Deny on the transaction via the email link.
I hope the community realizes that the security measures taken are protect their investment and help to remove bad press articles about people losing coins. Just yesterday I know of at least three exchanges that dont force 2-factor or email authentication for withdrawals that have had user funds stolen. Someone hacked a pool website or there is a malicious pool out there that had their usernames/passwords stolen. The attacker went to each exchange with a list of usernames and began draining their accounts. There was even a user who said he was logged into coinex while seeing his coins selling and withdrawing, and he couldn't stop it from happening. A simple email required to withdrawal would have made this user lose 0 funds.
I believe it is irresponsible and greedy for the big exchanges to not put these features in. Sure it may turn off a few users from using their site but at what expense to our community?
If you look back a few pages you will see cryptoaltex and atomic-trade's information about security. Not sure where you'll find c-cex's.
Thanks and I hope you have a good experience on whatever exchange you decide using.
Chiznitz CEO
CryptoALTeX, LLC
www.cryptoaltex.com