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Topic: is Bitfinex still trusted? - page 3. (Read 3212 times)

hero member
Activity: 574
Merit: 500
Any store can buy, sell, and accept Crypto
January 15, 2017, 05:22:06 AM
#26
 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.
hero member
Activity: 1372
Merit: 500
January 15, 2017, 05:03:10 AM
#25
I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Make your own judgements. If you have to use an exchange then you take some risk with anyone.  I am still using finex fwiw, i like how the platform works and they are paying back debts over time.  Mostly just hold your coins offline if you can.
hero member
Activity: 644
Merit: 500
Transact Safer / Chase Better
January 15, 2017, 04:58:16 AM
#24
I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

If you don't like just don't hold your btc with them just withdraw the money and find out the best exchange which is more secure for your money, in my case i won't keep my btc in exchange when i want buy some altcoin i will transfer little amount of money to exchange.
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
January 15, 2017, 02:20:43 AM
#23
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.

No doubt, Bitfinex is the best and one of the oldest exchange but it was hacked last year and this made me lose my interest in this exchange. Ofcourse the people who lose their BTC there, will never ever store their btc again there.
legendary
Activity: 3472
Merit: 10611
January 15, 2017, 01:04:53 AM
#22
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.
hero member
Activity: 1610
Merit: 507
January 15, 2017, 12:25:50 AM
#21
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.
legendary
Activity: 2898
Merit: 1823
January 14, 2017, 09:29:02 PM
#20
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?

You know it is funny that the exchange that is perceived to be the most likely to run away with your money turned out to the most honest one so far. That exchange is BTCe. The owners/operators are anonymous, they are Russian according to most of the people around the forum and I do not think they have been hacked ever. If they were please post the link to the news.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
January 14, 2017, 10:14:08 AM
#19
I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

bitfines is as trusted as any other exchange is trusted and the fact that they got hacked, or even they got hacked and came back doesn't give them any more or less trust than others.

as long as the exchanges are centralized, without license and have no way of guaranteeing you your money they are all unsafe and can run away at any moment.
hero member
Activity: 518
Merit: 500
January 14, 2017, 04:47:24 AM
#18
it is still one of the best trading platforms. However, every trading platform always contains risk about being hacked and being stolen all the money so beware before letting any third party holding Bitcoin for you. I only keep about 0.01 to 0.05 Bitcoin on yobit in order to avoid losing money
full member
Activity: 238
Merit: 100
January 14, 2017, 04:41:43 AM
#17
I added some btc to Bitfinex but then I heard that it was hacked recently.
I wouldn't touch it with a 10 foot pole! Hacked is an excuse nowadays ? Time to steal coins ? Cool,we have been hacked! -->> That's how the inside jobs works and the team eats pizzas for lunch every day with the stolen coins.
If you are in your right senses,withdraw your money right away.

Have you tried to withdraw any of it?
legendary
Activity: 1750
Merit: 1115
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January 14, 2017, 04:23:33 AM
#16
I added some btc to Bitfinex but then I heard that it was hacked recently.
I wouldn't touch it with a 10 foot pole! Hacked is an excuse nowadays ? Time to steal coins ? Cool,we have been hacked! -->> That's how the inside jobs works and the team eats pizzas for lunch every day with the stolen coins.
If you are in your right senses,withdraw your money right away.
legendary
Activity: 1554
Merit: 1054
January 14, 2017, 04:12:11 AM
#15
I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?
Getting hacked is totally different from scamming members. I read after that hack they slowly paid all the withdraw requests. So, they did not get affected due to that hack. So, bitfinex is still a trusted services imho.
But the best practice would be just withdrawing your capital immediately after completing your trades with them. Do not use them as your online wallet. You will be safer.
hero member
Activity: 1022
Merit: 500
January 14, 2017, 02:12:22 AM
#14
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.

well, you cannot blame other's  if their feed back about in bitfinex is not not good, it is because for what happen in the past. And that's the consequence of their failure by the that time. Even me there is something doubtful I have in bitfinex.
legendary
Activity: 1218
Merit: 1000
January 14, 2017, 01:21:11 AM
#13
Well, I do not believe anymore with bitfinex. maybe a lot of people are going back believed when bitfinex would pay reparations to its users. it may be better to not go back there, because there are many places is more reliable than that. bitfinex has lost confidence in its members
hero member
Activity: 2954
Merit: 533
Leading Crypto Sports Betting & Casino Platform
January 14, 2017, 01:18:26 AM
#12
I added some btc to Bitfinex but then I heard that it was hacked recently.
Yes, it was. at the middle of 2016, if you mean about early 2017 it's just rumor aiming coinbase.

Is this exchange still trusted? What are your thoughts?

Read this,
http://www.coindesk.com/bitfinex-bitcoin-hack-know-dont-know/
copper member
Activity: 2996
Merit: 2374
January 14, 2017, 12:58:42 AM
#11
Yes.

They have, by far the highest volume of any of the western exchanges they have the most licquidity of any exchange, they offer 3.3x leverage and have competitive trading fees. They are also working on repaying the money stolen from them (of which had to be imposed on their customers otherwise they would not have been able to honor withdrawal requests).

I personally trust them with very significant amounts of money.
newbie
Activity: 59
Merit: 0
January 14, 2017, 12:57:21 AM
#10
i think you can trying to compare between bitfinex, bitstamp and kraken, and make decision to do trading. but for me, i feel comfort to do trading with kraken, i enjoy my time to watching and doing trading in that site. also, kraken have good reputation, but its only my opinion.

thanks. does kraken require verification to trade btc?
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
January 14, 2017, 12:46:43 AM
#9
i think you can trying to compare between bitfinex, bitstamp and kraken, and make decision to do trading. but for me, i feel comfort to do trading with kraken, i enjoy my time to watching and doing trading in that site. also, kraken have good reputation, but its only my opinion.
sr. member
Activity: 560
Merit: 269
January 14, 2017, 12:36:29 AM
#8
Nope. I dont trust this one and so as the other exchange. Exchange are really prone of hacking attacks which cause massive losses of their customers funds. Theres no safe exchange these days. Thats a fact. So try to pull out your fund as soon as you can. Dont store funds there for a long time. Keep in mind that any exchange are possible target of hackers.
newbie
Activity: 59
Merit: 0
January 14, 2017, 12:34:52 AM
#7
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?
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