is Bitfinex still trusted? - page 2.

deisik

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Quote from: pooya87 on January 17, 2017, 01:38:31 AM

Quote from: Wind_FURY on January 16, 2017, 10:46:04 PM

~
Do they? Who are the Russian authorities and regulators going to catch? The owners are anonymous. Where is the business permit of BTCe? Where are their servers located? It is run in the spirit of Bitcoin and no, Kraken is not better and will never be better than BTCe. Period.

they are shamelessly admitting that they will release information of their users to any authority that asks: "if and when it is requested by government agencies that . BTC-e disclose information relating to user activity and/or contact information we will comply."

Quote from: deisik on January 17, 2017, 12:00:00 AM

~As far as I know its servers are physically located in Bulgaria ~

LOL, if it was that easy to find out where they are really located it wouldn't have been based on their servers, instead based on their registered company which is in London. they have another managing company in Cyprus! and they have banks in Russia, and many other places.

How do you know that *they* have accounts in Russian banks?

I mean how do you know that these accounts are actually registered for the legal entity behind btc-e? I just quickly went through the exchange site itself, and I didn't find any mention of this entity at all! But maybe, I missed it. Anyway, since there are many options for withdrawing rubles which obviously involve bank transfers (e.g. withdrawals to Russian banks such as Alfa Bank, Tinkoff Bank, Russian Standard Bank), they do have accounts opened in these banks but who is behind these accounts remains largely unknown. Maybe, Putin is behind btc-e

pooya87

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Quote from: Wind_FURY on January 16, 2017, 10:46:04 PM

~
Do they? Who are the Russian authorities and regulators going to catch? The owners are anonymous. Where is the business permit of BTCe? Where are their servers located? It is run in the spirit of Bitcoin and no, Kraken is not better and will never be better than BTCe. Period.

they are shamelessly admitting that they will release information of their users to any authority that asks: "if and when it is requested by government agencies that . BTC-e disclose information relating to user activity and/or contact information we will comply."

Quote from: deisik on January 17, 2017, 12:00:00 AM

~As far as I know its servers are physically located in Bulgaria ~

LOL, if it was that easy to find out where they are really located it wouldn't have been based on their servers, instead based on their registered company which is in London. they have another managing company in Cyprus! and they have banks in Russia, and many other places.

deisik

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Quote from: pooya87 on January 16, 2017, 12:22:04 AM

Quote from: Wind_FURY on January 15, 2017, 10:42:08 PM

Quote from: pooya87 on January 15, 2017, 01:04:53 AM

Quote from: ipanks on January 15, 2017, 12:25:50 AM

Quote from: densuj on January 13, 2017, 11:59:44 PM

Quote from: shadowninjax on January 13, 2017, 11:01:44 PM

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Well if you are doubt on bitfinex because of hacking issue, more better don't use their service and personality i am believe on them because they have fixed the bugs on their service.

somehow i am agree with densuj said and there is many good exchangers you can trade with like kraken, bitstamp, btc-e or else, but i think kraken is a good option for you. as long as you don't use all of your bitcoin in one exchanger then you are fine to go with trading, so you can trade with many exchanges.

btc-e is one of the oldest exchanges and is trusted but it is not better than others such as kraken. the only thing good about btc-e (in my opinion) is the fact that they are not asking for verification and also they have many different methods of fiat deposit/withdrawal that can be helpful to people in many different countries that can not or do not want to let their bank know they used a bitcoin exchange.

I disagree with your statement. BTCe is in some ways better than Kraken. It is run and operated in the way of how Bitcoin services should be. It operates outside of any legal boundaries and anyone using the exchange is assured that no government department will come sniffing for their users information.

So you think Bitcoin exchanges are more protected because they are more legitimate just because they adhere to some laws? Then look at what happened to Bitfinex and Bitstamp. They were hacked for a combined amount of more than $10M stolen. Did the government help get back the stolen coins?

actually it doesn't operate outside of any kind of legal boundaries, it is based in Russia and it will abide by Russian law and if they need to they will come sniffing for their users information and nothing can stop them.

and no following the law doesn't mean government is insuring anything about the exchanges. it only means they are following the law Cheesy

Who told you that btc-e is based in Russia?

As far as I know its servers are physically located in Bulgaria (and maybe, the Netherlands). It is often thought of as a Russian exchange and most likely its roots are Russian in fact, but we don't know that for sure since its owners are basically unknown to the wide public. And I agree that operating exchange in such a way is quite along the Bitcoin way. As history shows, exchanges that seemingly chose to cooperate with the government get eventually hacked or outright scammed (Cryptsy, Bitfinex, Bitstamp, to name a few)

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Quote from: pooya87 on January 16, 2017, 12:22:04 AM

Quote from: Wind_FURY on January 15, 2017, 10:42:08 PM

Quote from: pooya87 on January 15, 2017, 01:04:53 AM

Quote from: ipanks on January 15, 2017, 12:25:50 AM

Quote from: densuj on January 13, 2017, 11:59:44 PM

Quote from: shadowninjax on January 13, 2017, 11:01:44 PM

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Well if you are doubt on bitfinex because of hacking issue, more better don't use their service and personality i am believe on them because they have fixed the bugs on their service.

somehow i am agree with densuj said and there is many good exchangers you can trade with like kraken, bitstamp, btc-e or else, but i think kraken is a good option for you. as long as you don't use all of your bitcoin in one exchanger then you are fine to go with trading, so you can trade with many exchanges.

btc-e is one of the oldest exchanges and is trusted but it is not better than others such as kraken. the only thing good about btc-e (in my opinion) is the fact that they are not asking for verification and also they have many different methods of fiat deposit/withdrawal that can be helpful to people in many different countries that can not or do not want to let their bank know they used a bitcoin exchange.

I disagree with your statement. BTCe is in some ways better than Kraken. It is run and operated in the way of how Bitcoin services should be. It operates outside of any legal boundaries and anyone using the exchange is assured that no government department will come sniffing for their users information.

So you think Bitcoin exchanges are more protected because they are more legitimate just because they adhere to some laws? Then look at what happened to Bitfinex and Bitstamp. They were hacked for a combined amount of more than $10M stolen. Did the government help get back the stolen coins?

actually it doesn't operate outside of any kind of legal boundaries, it is based in Russia and it will abide by Russian law and if they need to they will come sniffing for their users information and nothing can stop them.

and no following the law doesn't mean government is insuring anything about the exchanges. it only means they are following the law Cheesy

and when i say kraken is better than btc-e, it is just my opinion and i am not comparing then based on security or insurance, but mostly based on the type of service they are offering and how they handle their site.

Do they? Who are the Russian authorities and regulators going to catch? The owners are anonymous. Where is the business permit of BTCe? Where are their servers located? It is run in the spirit of Bitcoin and no, Kraken is not better and will never be better than BTCe. Period.

Ewinsane

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for me bitfinex is still trusted because after hacking problem they provide more security for it and i hope no one can be hack it again and there is a lot of people using bitfinex.

Quickseller

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Quote from: bitjoin on January 16, 2017, 12:02:29 PM

If you check the value of BFX coin its a good barometer of how traders are judging the value of finex right now. People can get .60 on the dollar its pretty decent considering it would take a few years to pay out in full.

Are you sure about that timeframe? Payments on BFX tokens to date have been during times of very low volatility (and in turn trading volume). If volatility were to return to more normal levels, then I would anticipate much larger redemptions.

deisik

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Quote from: carlfebz2 on January 16, 2017, 12:33:57 PM

Quote from: shadowninjax on January 13, 2017, 11:01:44 PM

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Regarding on the hacking incident for sure lots of users have lost its trust to bitfinex for sure but there are still some user who still believe on them.If you asked me I wont use them since there are already past issues regarding on the security which means it might possible to happen anytime and I don't want to lost my bitcoin but the full decision would be yours since its your bitcoins btw.

I second that too

If I'm not mistaken, Bter had been hacked twice. At first, some NXT coins had been stolen in 2014, then around 7K bitcoins in 2015, and now what? Regarding the Bitfinex BFX token and its rate, it didn't change much since they first introduced it. So this barometer doesn't show anything good for this exchange in the future. I guess they might easily manipulate its value and keep it artificially low. If it went to 1, many folks would happily kiss goodbye to this exchange selling their tokens and withdrawing their funds

Quote from: Amph on January 16, 2017, 02:53:08 AM

poloniex was also hacked long time ago

Strictly speaking, that was not a hack, that was a lame hole through which users could withdraw the same amount many times

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Quote from: shadowninjax on January 13, 2017, 11:01:44 PM

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Regarding on the hacking incident for sure lots of users have lost its trust to bitfinex for sure but there are still some user who still believe on them.If you asked me I wont use them since there are already past issues regarding on the security which means it might possible to happen anytime and I don't want to lost my bitcoin but the full decision would be yours since its your bitcoins btw.

bitjoin

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Quote from: X-ray on January 15, 2017, 06:22:04 AM

Quote from: genos on January 15, 2017, 05:22:06 AM

I can not be sure that bitfinex still trustworthy but from what I heard bitfinex have hacked it's right. So may be some part of people (traders) was loss their trust from bitfinex. They are worried about losing money. So to avoid bad results may be move another exchanger for a while until nice conditions comes back.

The fact is bitfinex still the 2nd largest exchanger around the world it mean that the hacking is not make the traders lost trust against the exchanger but the opposite, the traders still put their trust to the site and still trading there as usual, it's because the exchangers keeping promise to give back the money which was lost,prove it, and the customers have more trust to the exchangers

If you check the value of BFX coin its a good barometer of how traders are judging the value of finex right now. People can get .60 on the dollar its pretty decent considering it would take a few years to pay out in full.

deisik

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Quote from: Wind_FURY on January 15, 2017, 10:42:08 PM

Quote from: pooya87 on January 15, 2017, 01:04:53 AM

Quote from: ipanks on January 15, 2017, 12:25:50 AM

Quote from: densuj on January 13, 2017, 11:59:44 PM

Quote from: shadowninjax on January 13, 2017, 11:01:44 PM

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Well if you are doubt on bitfinex because of hacking issue, more better don't use their service and personality i am believe on them because they have fixed the bugs on their service.

somehow i am agree with densuj said and there is many good exchangers you can trade with like kraken, bitstamp, btc-e or else, but i think kraken is a good option for you. as long as you don't use all of your bitcoin in one exchanger then you are fine to go with trading, so you can trade with many exchanges.

btc-e is one of the oldest exchanges and is trusted but it is not better than others such as kraken. the only thing good about btc-e (in my opinion) is the fact that they are not asking for verification and also they have many different methods of fiat deposit/withdrawal that can be helpful to people in many different countries that can not or do not want to let their bank know they used a bitcoin exchange.

I disagree with your statement. BTCe is in some ways better than Kraken. It is run and operated in the way of how Bitcoin services should be. It operates outside of any legal boundaries and anyone using the exchange is assured that no government department will come sniffing for their users information

I second that

Quote from: Wind_FURY on January 15, 2017, 10:42:08 PM

So you think Bitcoin exchanges are more protected because they are more legitimate just because they adhere to some laws? Then look at what happened to Bitfinex and Bitstamp. They were hacked for a combined amount of more than $10M stolen. Did the government help get back the stolen coins?

I don't know the story behind Bitstamp (it seems to have happened long long ago) and how much got stolen there, but at Bitfinex the thieves stole around 72M dollars at the exchange rates that were effective back then. So it seems to be far more than 10M dollars. I remember I even created a thread here about whether 72M dollars would be enough to finance the development of a distributed decentralized exchange that would work over the Bitcoin blockchain and allow to completely get rid of the third party risks arising in such cases...

Most agreed that the amount would certainly suffice, but nothing has been done ever since then in this regard

Amph

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Quote from: deisik on January 15, 2017, 01:16:04 PM

Quote from: camal3one on January 15, 2017, 10:18:43 AM

Looks safe and trusted based on this reputation review:
http://www.scamfoo.com/site/bitfinex.com/

Most important facts:
1) The domain name was registered 4 years ago.
2) This site has a very good online popularity (38K Alexa rank)
3) This site uses an HTTPS secure connection (by GeoTrust Inc).
4) This site has an excellent (82/100) trustworthiness score.
5) The site is not blacklisted by any service

Do you know they had been hacked in early August 2016 and lost almost 120k bitcoins?

Regarding trust, you should not trust any exchange by default. So if you have to keep your funds there, keep only as much as you actually need for trading. Regarding Bitfinex specifically, I don't think they will ever regain their trust (what's lost is lost), this is a tough business and competitors are not sleeping. Look at what happened to Bter which had once been one of the largest altcoin exchange out there. Now it is a half-man half-exchange with fictitious volume and frozen order-books

poloniex was also hacked long time ago, but it's still very operative, and many trust it inf act it is considered one of the best exchange now

so being hacked in the past doesn't make your exchange in backlist, it depend how the owner reedemed itself, if bitfinex refunded everything or a good portion it can be considered relatively trustable again

pooya87

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Quote from: Wind_FURY on January 15, 2017, 10:42:08 PM

Quote from: pooya87 on January 15, 2017, 01:04:53 AM

Quote from: ipanks on January 15, 2017, 12:25:50 AM

Quote from: densuj on January 13, 2017, 11:59:44 PM

Quote from: shadowninjax on January 13, 2017, 11:01:44 PM

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Well if you are doubt on bitfinex because of hacking issue, more better don't use their service and personality i am believe on them because they have fixed the bugs on their service.

somehow i am agree with densuj said and there is many good exchangers you can trade with like kraken, bitstamp, btc-e or else, but i think kraken is a good option for you. as long as you don't use all of your bitcoin in one exchanger then you are fine to go with trading, so you can trade with many exchanges.

btc-e is one of the oldest exchanges and is trusted but it is not better than others such as kraken. the only thing good about btc-e (in my opinion) is the fact that they are not asking for verification and also they have many different methods of fiat deposit/withdrawal that can be helpful to people in many different countries that can not or do not want to let their bank know they used a bitcoin exchange.

I disagree with your statement. BTCe is in some ways better than Kraken. It is run and operated in the way of how Bitcoin services should be. It operates outside of any legal boundaries and anyone using the exchange is assured that no government department will come sniffing for their users information.

So you think Bitcoin exchanges are more protected because they are more legitimate just because they adhere to some laws? Then look at what happened to Bitfinex and Bitstamp. They were hacked for a combined amount of more than $10M stolen. Did the government help get back the stolen coins?

actually it doesn't operate outside of any kind of legal boundaries, it is based in Russia and it will abide by Russian law and if they need to they will come sniffing for their users information and nothing can stop them.

and no following the law doesn't mean government is insuring anything about the exchanges. it only means they are following the law Cheesy

and when i say kraken is better than btc-e, it is just my opinion and i am not comparing then based on security or insurance, but mostly based on the type of service they are offering and how they handle their site.

Wind_FURY

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Quote from: pooya87 on January 15, 2017, 01:04:53 AM

Quote from: ipanks on January 15, 2017, 12:25:50 AM

Quote from: densuj on January 13, 2017, 11:59:44 PM

Quote from: shadowninjax on January 13, 2017, 11:01:44 PM

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Well if you are doubt on bitfinex because of hacking issue, more better don't use their service and personality i am believe on them because they have fixed the bugs on their service.

somehow i am agree with densuj said and there is many good exchangers you can trade with like kraken, bitstamp, btc-e or else, but i think kraken is a good option for you. as long as you don't use all of your bitcoin in one exchanger then you are fine to go with trading, so you can trade with many exchanges.

btc-e is one of the oldest exchanges and is trusted but it is not better than others such as kraken. the only thing good about btc-e (in my opinion) is the fact that they are not asking for verification and also they have many different methods of fiat deposit/withdrawal that can be helpful to people in many different countries that can not or do not want to let their bank know they used a bitcoin exchange.

I disagree with your statement. BTCe is in some ways better than Kraken. It is run and operated in the way of how Bitcoin services should be. It operates outside of any legal boundaries and anyone using the exchange is assured that no government department will come sniffing for their users information.

So you think Bitcoin exchanges are more protected because they are more legitimate just because they adhere to some laws? Then look at what happened to Bitfinex and Bitstamp. They were hacked for a combined amount of more than $10M stolen. Did the government help get back the stolen coins?

ArdiPrabowo

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Quote from: shadowninjax on January 14, 2017, 12:34:52 AM

thanks for the suggestions.

in which exchanges do you guys trade if not for bitfinex? bitstamp? btc-e?

so better way is to trade then transfer that amount quickly to a personal wallet instead?

bitfinex is not good
after hack is very low trust, because capital money client can't back

if comparation bitstamp and btc-e
about regulation bitstamp is good and above btc-e
if about easy use site and can take profit btc-e is good and many altcoin support in there

about withdraw use fiat money bitstamp is above btc-e

deisik

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Quote from: camal3one on January 15, 2017, 10:18:43 AM

Looks safe and trusted based on this reputation review:
http://www.scamfoo.com/site/bitfinex.com/

Most important facts:
1) The domain name was registered 4 years ago.
2) This site has a very good online popularity (38K Alexa rank)
3) This site uses an HTTPS secure connection (by GeoTrust Inc).
4) This site has an excellent (82/100) trustworthiness score.
5) The site is not blacklisted by any service

Do you know they had been hacked in early August 2016 and lost almost 120k bitcoins?

Regarding trust, you should not trust any exchange by default. So if you have to keep your funds there, keep only as much as you actually need for trading. Regarding Bitfinex specifically, I don't think they will ever regain their trust (what's lost is lost), this is a tough business and competitors are not sleeping. Look at what happened to Bter which had once been one of the largest altcoin exchange out there. Now it is a half-man half-exchange with fictitious volume and frozen order-books

camal3one

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Looks safe and trusted based on this reputation review:
http://www.scamfoo.com/site/bitfinex.com/

Most important facts:
1) The domain name was registered 4 years ago.
2) This site has a very good online popularity (38K Alexa rank)
3) This site uses an HTTPS secure connection (by GeoTrust Inc).
4) This site has an excellent (82/100) trustworthiness score.
5) The site is not blacklisted by any service

Edraket31

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There were issue with bitfines last year from then, I have not tried anymore in that exchange. Until now I am using poloniex and I am happy with that exchance. I've been using it for more than a year and not having any problem. Until now I don't hear any bitfinex that it is now trusted so I never waste my time.

X-ray

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Quote from: genos on January 15, 2017, 05:22:06 AM

I can not be sure that bitfinex still trustworthy but from what I heard bitfinex have hacked it's right. So may be some part of people (traders) was loss their trust from bitfinex. They are worried about losing money. So to avoid bad results may be move another exchanger for a while until nice conditions comes back.

The fact is bitfinex still the 2nd largest exchanger around the world it mean that the hacking is not make the traders lost trust against the exchanger but the opposite, the traders still put their trust to the site and still trading there as usual, it's because the exchangers keeping promise to give back the money which was lost,prove it, and the customers have more trust to the exchangers

onnz423

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Move only the amount you want to sell, don't store any funds at online services at all withdraw as quickly as possible because online services are way more vulnerable to hacks than an offline service or a wallet.

pinkpanther03

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I cannot say if bitfinex still trusted, for what happened before as we all know by that time when bitfinex had an issue the price value of bitcoin is obviously get affected by it, but in the long the community still support the bitcoin. In fact the bitcoin community became more aggressive into it.

Topic: is Bitfinex still trusted? - page 2. (Read 3212 times)