How safe are crypto exchanges? - page 2.

odolvlobo

legendary

Activity: 4522

Merit: 3426

Quote from: AdolfinWolf on September 30, 2017, 03:41:34 PM

Quote from: Xylber on September 30, 2017, 03:21:04 PM

- Goverments can seize any exchange at anytime and stole all the coins.

I don't think so. I'm pretty sure that both bittrex, coinbase, Bitfinex and poloniex are 100% completing with US laws.

Unless they have laundered 100s of millions of dollars, like BTC-E, i don't see how the US government could just suddenly ""Seize" them.

Care to explain that?

The U.S. government can order the exchange to freeze your account. They could also seize the funds in your account. An exchange complying with U.S. laws would do what they say.

VadikZimnyayaRezina

full member

Activity: 490

Merit: 100

MenaPay - Crypto made easier than cash

Any exchange is not 100% safe, but large exchanges will never play their face for the sake of deception, trust is always higher for them. And their security is at an altitude, because they do not save on shots. If I mean one of them, Bitrex.

loragean03

full member

Activity: 403

Merit: 100

Quote from: O9NpJ9ld1opS on September 30, 2017, 10:54:56 AM

Which is the best and safest cryptocurrency exchange?

crypto exchange are safe as long as they are continuing to operate, so if they are not operating or updating in a few days that sites is soon to become a scam trading site, all you have to do is monitor the site every hour to ensure that your coins are in a safe condition, and my best crypto exchanges are bittrex, poloniex and etherdelta. try to visit those sites, there are so many traders are in there to do trade everyday.

sirat01

full member

Activity: 202

Merit: 100

Quote from: O9NpJ9ld1opS on September 30, 2017, 10:54:56 AM

Which is the best and safest cryptocurrency exchange?

Exchanger always risky.Your coin is not secure in exchanger.also Exchanger can shut down their service any time. Better use core wallet. In my opinion Bittrex,coinbase is safe.Also no one can tell that this exchanger 100% safe

ludbega

hero member

Activity: 854

Merit: 659

The All-in-One Cryptocurrency Exchange

So many money in there... do you really think this is not secure? Look at some great exchange like poloniex, kraken or bittrex. There is no problems with them and a serious team in case. All my problems are always be resolve faster.

Too much interest...

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Exchanges are relatively safe if you don't keep money on them for more than a day. It doesn't mean that you can't be unlucky and have your money stuck, like some former mtgox users, but that's extremely rare. Just get your money in, perform a transaction and get out to minimize the risk and you'll be fine. I've been using poloniex, bittrex and yobit without issues for months now.

AdolfinWolf

legendary

Activity: 1946

Merit: 1427

Quote from: Xylber on September 30, 2017, 03:21:04 PM

- Goverments can seize any exchange at anytime and stole all the coins.

I don't think so. I'm pretty sure that both bittrex, coinbase, Bitfinex and poloniex are 100% completing with US laws.

Unless they have laundered 100s of millions of dollars, like BTC-E, i don't see how the US government could just suddenly ""Seize" them.

Care to explain that?

Xylber

full member

Activity: 615

Merit: 124

Exchange your coins and cash out. There are several dangers:
- Scams
- Being Hacked
- Goverments can seize any exchange at anytime and stole all the coins.

HabBear

hero member

Activity: 1106

Merit: 638

Coinbase and Xapo have never had a breach or have or theft that's been reported.

Coinbase has struggled with service issues and navigating the evolving finance and banking regulations in som of the United States.

Xapo doesn't operates outside the United States.

Is security your big concern? If so, why leave a sizable balance at all on an exchange?

tyuner4

full member

Activity: 322

Merit: 179

Bittrex is a popular exchange for trading. If you are looking to store your coins, it is better to use desktop or hardware wallets.

odolvlobo

legendary

Activity: 4522

Merit: 3426

In general, it is not safe to store your money on an exchange, or with any other third-party site.

Exchanges have had a very poor track record. Of the dozens of exchanges that have existed, very few have survived. Most have shut down with their customers losing all of their money.

dothebeats

legendary

Activity: 3542

Merit: 1352

Every single exchange has their own set of security guidelines that they follow so it's really hard to tell you which the safest crypto-exchange that exists. But you can be sure that these registered exchanges are too darn secure since it's millions of $ on the line here for them if they fuck it up. Also, I'm pretty sure they hired top-notch security experts to maintain the general security of their system, so everyone is in good hands until someone thought of Goxxing everybody.

AdolfinWolf

legendary

Activity: 1946

Merit: 1427

Quote from: O9NpJ9ld1opS on September 30, 2017, 10:54:56 AM

Which is the best and safest cryptocurrency exchange?

They're ofcourse never 100% safe, but some of the exchanges have the best people out there on their security.

For example, http://bittrex.com has an ex-amazon security developer. It's the second guy https://bittrex.com/home/about

It still doesn't garantuee 100% security, but these guys know what they are doing.

Same for sites such as coinbase, and http://bitfinex.com, these sites are the ones i personally think are the "safest" out there.

O9NpJ9ld1opS

member

Activity: 176

Merit: 10

“Blockchain Just Entered The Real World"

Which is the best and safest cryptocurrency exchange?

Topic: How safe are crypto exchanges? - page 2. (Read 787 times)