Depend which exchanges you choose, you can try search google is he recommended or not.
Or you can try to check here. https://bitcointalk.org/index.php?board=53.0
There's many recommended exchanges here.
Topic: Can I trust BTC exchanges? - page 13. (Read 21754 times)
-If you are asking for keeping your coins for a long time , you cannot absolutely trust any exchange currently. There is no insurance mechanism for hacked/stolen coins at the exchanges.
Actually Xapo and Coinbase are insured and your coins are fully covered if you put them in their vaults. Maybe there are more insured exchanges - those are just the ones I know.
I have read the terms of CoinBase insurance. They are as good as having no insurance. They have got a provision in their term to turn the responsibility of any loss on to the user. Regarding storage, I prefer paper wallet and for regular use blockchain.info. For trading, only direct trading exchanges are the way to go. Those are fast & secured.
The point is why should you ? Right now, there are exchanges that allows you to trade without having the requirement of a site wallet at all. Try www.100bit.co.in. There exchange commission is extremely competitive too. The only problem you'll face is lack of volume, but I have seen, at least my region people are coming on board. So, why Trust, if you can Trade in a Trustless environment ?
never heard of this exchange before, but the domain is not really enviting to be honest. especially exchanges should have a solid domain extension.
.co.in is a country level domain similar to .co.uk. Even Google runs one of its version on this... www.google.co.in.
i know it's a country level domain. i meant to say it's not really professional as it is a domain hack. for an exchange i would expect it to use a solid domain.
The point is why should you ? Right now, there are exchanges that allows you to trade without having the requirement of a site wallet at all. Try www.100bit.co.in. There exchange commission is extremely competitive too. The only problem you'll face is lack of volume, but I have seen, at least my region people are coming on board. So, why Trust, if you can Trade in a Trustless environment ?
never heard of this exchange before, but the domain is not really enviting to be honest. especially exchanges should have a solid domain extension.
.co.in is a country level domain similar to .co.uk. Even Google runs one of its version on this... www.google.co.in.
The point is why should you ? Right now, there are exchanges that allows you to trade without having the requirement of a site wallet at all. Try www.100bit.co.in. There exchange commission is extremely competitive too. The only problem you'll face is lack of volume, but I have seen, at least my region people are coming on board. So, why Trust, if you can Trade in a Trustless environment ?
never heard of this exchange before, but the domain is not really enviting to be honest. especially exchanges should have a solid domain extension.
The point is why should you ? Right now, there are exchanges that allows you to trade without having the requirement of a site wallet at all. Try www.100bit.co.in. There exchange commission is extremely competitive too. The only problem you'll face is lack of volume, but I have seen, at least my region people are coming on board. So, why Trust, if you can Trade in a Trustless environment ?
Just use fixed-rate Bitcoin exchange which doesn't hold your money and sends you funds right after you pay your order. Our exchange service www.247exchange.com works in this way, so, you don't need to worry about the safety of your funds.
Trust for what?
-If you are asking just for exchanging and getting your funds back immediately, then you can trust above posters exchanges like poloniex , bitstamp and btce for a very short time duration like 1-2 hours. You are still in danger but very limited one.
-If you are asking for keeping your coins for a long time , you cannot absolutely trust any exchange currently. There is no insurance mechanism for hacked/stolen coins at the exchanges.
-If you are asking just for exchanging and getting your funds back immediately, then you can trust above posters exchanges like poloniex , bitstamp and btce for a very short time duration like 1-2 hours. You are still in danger but very limited one.
-If you are asking for keeping your coins for a long time , you cannot absolutely trust any exchange currently. There is no insurance mechanism for hacked/stolen coins at the exchanges.
Id trust the exchange what most are using at a certain extent.
I wouldn't use that as an indicator for reliability.
The exchange should be older than 2 years.
The owner(s) should be known.
For legal reasons it might be better to use an exchange that is registered in your country, if that's possible.
Do some research on the exchange you're planning to use. Use small amounts if you want to take the risk and try a new exchange.
The most trust exchanger I've still use until now, Poloniex ( with a new interface), Bittrex , and Cryptsy. Hope they can still exist forever.
Mintpal suppose to be the best exchanger that compete those exchanger. I'm never expected that it will being shutdown or being hacked...
You can trust any exchange that is listed on Bitcoinwisdom and that has no massive complains in the service discussion subfoum, lik Gox had just before collapsing.
If you want trade btc for altcoins other than Litecoin things might be more complicated
If you want trade btc for altcoins other than Litecoin things might be more complicated
No I do no think, he should not trust (at all) any exchange. He must trust only "himself".
Id trust the exchange what most are using at a certain extent.
I wouldn't use that as an indicator for reliability.
The exchange should be older than 2 years.
The owner(s) should be known.
For legal reasons it might be better to use an exchange that is registered in your country, if that's possible.
Do some research on the exchange you're planning to use. Use small amounts if you want to take the risk and try a new exchange.
Exactly, also mountain gox was the most used exchange at that time (maybe because it was the unique).
As a rule of thumb, never use any new exchange, never use any exchange offering you significantly better rates than the popular ones, and always make a google search of " scam" to see if there are valid scam accusations.
You should be pretty safe then.
Last but not least, you should never keep your bitcoin or fiat money on an exchange, unless you are planning to trade actively.
You should be pretty safe then.
Last but not least, you should never keep your bitcoin or fiat money on an exchange, unless you are planning to trade actively.
Id trust the exchange what most are using at a certain extent.
You should always remember to have your own sense of judgment of how to protect loss or avoid them. Never hold them in an exchange over long periods is a general thumb, but it really varies based on all the operators.
How they react to support, and what they do to resolve issues.
You should always remember to have your own sense of judgment of how to protect loss or avoid them. Never hold them in an exchange over long periods is a general thumb, but it really varies based on all the operators.
How they react to support, and what they do to resolve issues.
You can trust any exchange that is listed on Bitcoinwisdom and that has no massive complains in the service discussion subfoum, lik Gox had just before collapsing.
If you want trade btc for altcoins other than Litecoin things might be more complicated
If you want trade btc for altcoins other than Litecoin things might be more complicated
If I can say my personal opinion, I will never trust an exchange (or third party service) when we're talking about 'store or save' bitcoin. I am using the various exchange only when I want to '(ex)change' btc for fiat or viceversa and obviously I will not 'stake' by *coin for more than 10-15 minutes.
However, if an exchange with a mutli signature address will be really created (and one of the 3 priv. key for example will be visible I will trust more the exchange).
However, if an exchange with a mutli signature address will be really created (and one of the 3 priv. key for example will be visible I will trust more the exchange).
Currently I'm using Bittrex for trading Alt coins and BTC-e for trading BTC-USD.
Why I trusted them? Becuase they have very good support I usualy get answer from thier support less than 4 hours.
Why I trusted them? Becuase they have very good support I usualy get answer from thier support less than 4 hours.
I certainly cannot list all of the exchanges but it doesn't matter. NO You should not trust any exchange , i agree that some are good but what if they get hacked? Keep your btc/fiat in you wallet/bank and just transfer when needed . If you're trading , be sure to get it out after that to keep it safe.
Good luck
Good luck
Trusting the operators and the security of the exchange are different facets of trust. You can only speculate on the honestly of the operators based on past history and the security of the exchange is always unknown until something happened. 
Keeping your funds on well-known Bitcoin services with known owners should work.
Xapo and Coinbase do have a Vault option and they are insured like banks.
Xapo and Coinbase do have a Vault option and they are insured like banks.
Coinbase vault is most likely one of the very few exchanges that are ok to store long term. They did go above and beyond almost all exchanges with their insurance.
If you have to leave it in a exchange do Coinbase. But I still say for majority of users best option is cold storage.
Keeping your funds on well-known Bitcoin services with known owners should work.
Xapo and Coinbase do have a Vault option and they are insured like banks.
Xapo and Coinbase do have a Vault option and they are insured like banks.
Howdy,
I've been using one for a couple months now and it's given no reason to mistrust it. But it seems weird to me sending my money to an intermediary that's neither a wallet nor a bank and is entirely online. Feels like the money is hanging out in some nowhere zone that isn't completely under my control...
Dies any one else feel this way or do I just not understand this stuff well enough yet?
Thanks!
I've been using one for a couple months now and it's given no reason to mistrust it. But it seems weird to me sending my money to an intermediary that's neither a wallet nor a bank and is entirely online. Feels like the money is hanging out in some nowhere zone that isn't completely under my control...
Dies any one else feel this way or do I just not understand this stuff well enough yet?
Thanks!
I have trusted a few bitcoin on btc-e for well over a year and a couple of hundred dollars, i have made that back already and profit so if you take the risk only take it if you are prepared to lose it because it is only a matter of time before the exchange/s do a runner with everyones funds..
Saying that after all this time i still have the funds on there and they have been safer than in my personal wallets on occasions so even though it feels like you are feeding a blackhole with no return most the time your funds are safe enough lol
Jump to: