If you don't like online exchanges you can find potential buyers offline and go trade with them face-to-face in the real world. You could get robbed there as well by the way.
We need exchanger in order for our alt coins to be exchange to bitcoin. I think it is safe to use exchanger now even though there was a thought that do not put your money or your bitcoin in exchanger because they said that it might be lose. But i dont think that your money will be lose. Have faith on it. 
Topic: Should exchanges be trusted anymore? - page 6. (Read 2714 times)
Had been in a dilemma after seeing BTC-E's owner being arrested for a $4 Billion money-laundering fraud which he had been conducting, who knows that from when. First Mt Gox, then Bitfinex then Poloniex and now this, few were hacked and some had their admins only cheating their users.
Do you really think any exchanges are trustworthy anymore?
Do you really think any exchanges are trustworthy anymore?
Bitcoin was created to remove a need for trusted middlemen in transactions, which can be described as "be your own bank" idea. So, when you store your coins on any type of online wallet (exchange, casino, wallet service, etc) you are essentially going against one of the reasons why Bitcoin was created. Everyone should take as a rule to never hold online more coins than they can afford to lose. Better to pay transaction fees each time you want to trade, rather than risk to lose a huge amount of coins.
Had been in a dilemma after seeing BTC-E's owner being arrested for a $4 Billion money-laundering fraud which he had been conducting, who knows that from when. First Mt Gox, then Bitfinex then Poloniex and now this, few were hacked and some had their admins only cheating their users.
Do you really think any exchanges are trustworthy anymore?
Do you really think any exchanges are trustworthy anymore?
Before classifying anything as trustworthy or not, first clear out your criteria. Now what exchange meant to, to be used as wallets? For holding coins? Indeed not, as suggested by name itself they are meant to exchange coins. So if we stick to their use as exchange then no doubt they are much more trustworthy than individuals or random people offering exchange service.
But if you made mind to not withdraw coins from exchange and use them as wallets then pretty sorry, anything could happen.
Had been in a dilemma after seeing BTC-E's owner being arrested for a $4 Billion money-laundering fraud which he had been conducting, who knows that from when. First Mt Gox, then Bitfinex then Poloniex and now this, few were hacked and some had their admins only cheating their users.
Do you really think any exchanges are trustworthy anymore?
Do you really think any exchanges are trustworthy anymore?
Exchanges should never be trusted in the first place. Everyone knew the dangers of using exchanges, they can easily steal your money.
You forgot to mention Cryptsy which is a huge exchange that went down a couple years ago now people are trying to sue them.
As their name suggests, they are not exchanges and not an advisable wallet to save your bitcoins.
I save all of my bitcoins into a good bitcoin wallet as suggested by some of my friends. It is known for a long time, you can say tested and proven. I don't trust exchanges because they are not a wallet for saving but a wallet to exchange your bitcoin or to trade it.
If you don't like online exchanges you can find potential buyers offline and go trade with them face-to-face in the real world. You could get robbed there as well by the way.
All exchange which is legal/regulated with good reputation can be trusted, as long as you withdraw your money after finished exchange/trade your money and don't use exchange as wallet just like what many people did in past 
What exchanger which is 'legal/regulated' ? so far only Bitstamp and regulated under UK law,they have a 'good reputation' but what happened to them back then in 2015ish ? they're a legal exchanger,regulated under UK law but they get hacked by hacker ? that mean a legal/regulated exchanger can not be trusted fully,because everything is very sensitive if they involved with money.
to be honest,we can not trust them fully if i was you,whenever i made a profit i will try to withdraw my money from exchanger directly to my fiat or keep it by my self in my cold storage or local exchanger (i trust them because i know where're they)
So,we can trust them but we can not trust them fully.Only you can keep your money safely
Had been in a dilemma after seeing BTC-E's owner being arrested for a $4 Billion money-laundering fraud which he had been conducting, who knows that from when. First Mt Gox, then Bitfinex then Poloniex and now this, few were hacked and some had their admins only cheating their users.
Do you really think any exchanges are trustworthy anymore?
Do you really think any exchanges are trustworthy anymore?
Exchanges should never be trusted in the first place. Everyone knew the dangers of using exchanges, they can easily steal your money.
You forgot to mention Cryptsy which is a huge exchange that went down a couple years ago now people are trying to sue them.
All exchange which is legal/regulated with good reputation can be trusted, as long as you withdraw your money after finished exchange/trade your money and don't use exchange as wallet just like what many people did in past
Exactly. You can't just stop trusting all the exchanges because of action of one. But I think it's always safe to have some doubt and not trust completely any service, wallet or exchange, which doesn't give you access to your private keys it's better not to keep BTC on there for a long time. 
Had been in a dilemma after seeing BTC-E's owner being arrested for a $4 Billion money-laundering fraud which he had been conducting, who knows that from when. First Mt Gox, then Bitfinex then Poloniex and now this, few were hacked and some had their admins only cheating their users.
Do you really think any exchanges are trustworthy anymore?
I really dont know why some people save their bitcoins in exchanges rather than their wallets, These owners can simply claim to have been hacked and their bitcoins stolen and there is nothing anyone can do about that. Just save your bitcoin into your bitcoin core wallet and you will not be losing any bitcoins whatsoever. Do you really think any exchanges are trustworthy anymore?
The thing is, people always leave their cryptocurrencies on exchanges, which is a very very bad thing to do. Legit or not, always withdraw your funds. All those problems are easily prevented when you use exchanges for only it's main reason; as an exchange. Not as a storage.
All exchange which is legal/regulated with good reputation can be trusted, as long as you withdraw your money after finished exchange/trade your money and don't use exchange as wallet just like what many people did in past
In crypto, the goal is that there would be no need to trust anyone. But it does not mean we have no use for centralized services, they have their function for now as long as the technology for decentralized exchanges and market places are not ready yet.
As soon as their ready, effective and as functional as their centralized counterparts, I believe we will see a shift in the Bitcoin landscape.
As soon as their ready, effective and as functional as their centralized counterparts, I believe we will see a shift in the Bitcoin landscape.
Their exchanges, their purpose is to exchange not to be a wallet.
Make your own offline wallet to avoid this circumstances. You might be risking your coins into losing your seeds but I would rather make that mistake than being robbed by those guys.
Making back ups with my seeds is the best thing I have done. Less worry now with wallet exchanges which used to be my friend where I store my money.
Make your own offline wallet to avoid this circumstances. You might be risking your coins into losing your seeds but I would rather make that mistake than being robbed by those guys.
Making back ups with my seeds is the best thing I have done. Less worry now with wallet exchanges which used to be my friend where I store my money.
Had been in a dilemma after seeing BTC-E's owner being arrested for a $4 Billion money-laundering fraud which he had been conducting, who knows that from when. First Mt Gox, then Bitfinex then Poloniex and now this, few were hacked and some had their admins only cheating their users.
Do you really think any exchanges are trustworthy anymore?
In truth we really can't trust anything, even if it have a very good reputation and whatnot. The thing is we take 'risk' about it, I mean how would you know if you're not going to try it. People always have doubts in anything and the only reason why they could make them trust you is to prove it. Fraud is not all about lying, its a matter of Social Engineering skills and communication expertise. You are convincing you're users to take risk in you by saying 'white lies' so that you could use them.Do you really think any exchanges are trustworthy anymore?
As for what you've said those are the only ones who've successfully fraud people, but eventually got arrested. We can't predict anything but as we take failure not as an enemy but as a friendly experience we might learn something and we could choose more wisely.
Had been in a dilemma after seeing BTC-E's owner being arrested for a $4 Billion money-laundering fraud which he had been conducting, who knows that from when. First Mt Gox, then Bitfinex then Poloniex and now this, few were hacked and some had their admins only cheating their users.
Do you really think any exchanges are trustworthy anymore?
Do you really think any exchanges are trustworthy anymore?
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