Bitcoin Forum>Economy>Trading Discussion

Pages:

Author

Topic: Can I trust BTC exchanges? - page 6. (Read 21764 times)

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: smith coins on September 23, 2015, 04:15:52 PM

Quote from: CryptBit on September 23, 2015, 11:42:55 AM

Quote from: smith coins on September 23, 2015, 11:34:25 AM

There is absolutely no trust in exchanges if you want to leave your bitcoins there for a long time.

Many good exchanges that i personally use are yobit poloniex cryptsy(not recently) and they do their job for what they are.

FUD..
Don't listen to this guy.

I wrote no trust in exchanges if you want don't leave your bitcoins there for a long time.
Because everything can happen you can see the last hack in mt.gox, bter hack etc.
The mtgox hack was one of the terrible story? will millions of lost for users.

you need to leave always a small amount of coins for trading, or you may lose the opportunity for a good profit

mtgox was a joke exchange, i'm sure that the more we go ahead the more secure exchange will be

isvicre

hero member

Activity: 826

Merit: 1000

Quote from: CryptBit on September 23, 2015, 11:42:55 AM

Quote from: smith coins on September 23, 2015, 11:34:25 AM

FUD..
Don't listen to this guy.

I fully agree on first sentence.
However in second sentence you wrote all the untrusted altcoin exchanges. I'd never put my money on Yobit and if I need to use Poloniex and Cryptsy I only deposit when I trade and immediately withdraw new coins.

smith coins

hero member

Activity: 504

Merit: 500

Quote from: CryptBit on September 23, 2015, 11:42:55 AM

Quote from: smith coins on September 23, 2015, 11:34:25 AM

FUD..
Don't listen to this guy.

CryptBit

newbie

Activity: 28

Merit: 0

Quote from: smith coins on September 23, 2015, 11:34:25 AM

FUD..
Don't listen to this guy.

smith coins

hero member

Activity: 504

Merit: 500

There is absolutely no trust in exchanges if you want to leave your bitcoins there for a long time.

Many good exchanges that i personally use are yobit poloniex cryptsy(not recently) and they do their job for what they are.

CryptBit

newbie

Activity: 28

Merit: 0

Short answer is yes.
Long answer is not so easy.
For the most part most of the larger exchanges (exchanges with volume) are safe to trade on.

BitcoinXio

sr. member

Activity: 285

Merit: 250

Quote from: Sanjx on September 22, 2015, 07:12:24 PM

If your going to use an exchange site try to look for the well known and trusted exchange site websites. Btw, do some research and check their background history.

I couldn't agree more with this. This is the main purpose we created bitcoinx.io, so that each exchange would have a profile ratings and reviews, so that others could see it before making a decision to use that service. Think of Yelp, but for Bitcoin.

butdabass

full member

Activity: 152

Merit: 100

never trust everything on internet. so do bitcoin exchanges except you are know someone who run the exchange
just trust on yourself while you on the line. that's my principle.

Franciem

sr. member

Activity: 322

Merit: 250

Real power doesnt hit hard,but right to the target

Quote from: HeroCat on September 22, 2015, 08:58:49 AM

I use instant BTC exchanges, then I feel more safe Wink

Several months ago, I had one problem with BTC exchange, sent ticket to support and receive reply with problem solved Grin

instant BTC exchanges use very low rate,
the difference between the market rate and instant exchanger exchanges usually up to $ 10

Sanjx

full member

Activity: 134

Merit: 100

If your going to use an exchange site try to look for the well known and trusted exchange site websites. Btw, do some research and check their background history.

HeroCat

hero member

Activity: 658

Merit: 500

I use instant BTC exchanges, then I feel more safe Wink

Several months ago, I had one problem with BTC exchange, sent ticket to support and receive reply with problem solved Grin

Franciem

sr. member

Activity: 322

Merit: 250

Real power doesnt hit hard,but right to the target

Quote from: btc-facebook on September 22, 2015, 03:25:26 AM

No, since exchanger will collapse one day but the problem is "when"
I've ever trade and vote on mintpal ( the green theme and best exchanger that ever exist) but one day it got collapsed. Ofcourse that shocked and unexpected news. Luckily I've withdrawn all fund before mintpal shut down forever..

if i remember mintpal collapse, that make me very sad,
that a good exchanger also my 2nd exchanger after i know c-cex

i have some bitcoin maybe 0.01 i know it's not much, but my balance is my first earning from some faucet Cry

btc-facebook

legendary

Activity: 1862

Merit: 1015

neochiny

hero member

Activity: 756

Merit: 503

Crypto.games

well for me.. using bitcoin itself...
needs trusts. even the wallet we are using,
we trust them without knowing even further.
but in same area... some people take advantage of this trust.
and make a scams.. so we still need to be careful.
if i where you.. search for it. and investigate it even further
since your doubting it. goodluck

Franciem

sr. member

Activity: 322

Merit: 250

Real power doesnt hit hard,but right to the target

Quote from: Denker on September 21, 2015, 07:58:31 AM

Quote from: foxkyu on September 20, 2015, 11:36:16 PM

Quote from: lorylore on September 19, 2015, 07:10:37 AM

May i know the name of your local exchange.
I see that it is much better to have a local exchange especially when you know the owner.
At my country there is no local exchange neither the community know much about bitcoin lol.

Quote from: isvicre on September 19, 2015, 07:49:42 AM

Which country are you from? I also trust my local exchange but we have 3 exchanges, I only trust 1. The one have legal issues and the other has no volume depth.

I'm from indonesia. My local exchange is bitcoin.co.id. The owner is Oscar Darmawan.
Bitcoin community is growing fast at my country. Until now registred user in exchange is 75216 member.
Even the volume in not really much compare to other. But i trust this exchange than other.

That's really great to know that Bitcoin in your country is growing.However I recommend always to hold bitcoins in adresses where only you hold the private keys for. Only deposit really small amounts at the exchanges. You never know...

why i must upload some document if i want to withdraw my balance with voucer code
anyway i try your local bitcoin exchanger and i like it

Miss Fortune

full member

Activity: 224

Merit: 100

Quote from: Pro_Crypto_Marty on April 21, 2015, 07:32:42 PM

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!

Though some people say that BTC remain anonymous to its users but nobody can force the exchange to give out information and, as long as the exchange keeps working, most of its users won't see any harm in this.

BitcoinXio

sr. member

Activity: 285

Merit: 250

Quote from: Denker on September 21, 2015, 07:58:31 AM

Basically, that is the one general rule of thumb for all bitcoin exchanges - whether you trust them or not - just use them to buy or sell bitcoins. Then move your coins off of the exchange. Their purpose is not to be used as a wallet, but as a means to buy or sell bitcoins, period.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: foxkyu on September 20, 2015, 11:36:16 PM

Quote from: lorylore on September 19, 2015, 07:10:37 AM

Quote from: isvicre on September 19, 2015, 07:49:42 AM

Which country are you from? I also trust my local exchange but we have 3 exchanges, I only trust 1. The one have legal issues and the other has no volume depth.

lorylore

legendary

Activity: 1470

Merit: 1002

Quote from: foxkyu on September 20, 2015, 11:36:16 PM

Quote from: lorylore on September 19, 2015, 07:10:37 AM

Quote from: isvicre on September 19, 2015, 07:49:42 AM

Which country are you from? I also trust my local exchange but we have 3 exchanges, I only trust 1. The one have legal issues and the other has no volume depth.

Wow that is huge exchange with 75,216 members.
Anyway it is far away from me geographically but the service seems to be good.
I wish one big exchange like that in my country soon, but the most important part is that you trust them.

foxkyu

hero member

Activity: 938

Merit: 1000

Quote from: lorylore on September 19, 2015, 07:10:37 AM

Quote from: isvicre on September 19, 2015, 07:49:42 AM

Which country are you from? I also trust my local exchange but we have 3 exchanges, I only trust 1. The one have legal issues and the other has no volume depth.