Topic: Stable exchange? - page 2. (Read 279 times)
As already mentioned in preposts. None of the exchangers are "stable"/secure. The best is it, to use at least five exchangers and keep the majority of funds in wallets. If there would be a need of exchanging bigger funds, devide them in as many parts as possible in dependence of transfer fees.
I'm lazy to make some wallets for coins I have so I trust poloniex, and I will continue to trust.
That's pretty much a retarded form of logic. It doesn't cost much effort to set up a desktop based client, or a hardware wallet offering multi coin support. In case of Bitcoin you can even use one of the the more popular mobile wallet clients where you actually own your private key. Poloniex is an exchange, and not an online wallet service. It's purely meant to have your coins there for trading purposes, where once you're done trading, you simply withdraw all your digital assets. Don't complain when the exchange stays offline for a couple of days, or takes a run with your coins - accept your fate. No private key means no control over your funds, it's that simple.
So you're like saying, those on that list can be trusted with our holdings, even if price takes a plunge?
I'm not saying that. You shouldn't trust an exchange for your holdings regardless of the price stability, always control your private keys.
I have +500$ on poloniex in several altcoins. I'm there for more then a year now and for me poloniex is very stable exchange site. You are right when you say that in this times when prices are going deep down some exchanges can declare bankruptcy or hack, we never know. I'm lazy to make some wallets for coins I have so I trust poloniex, and I will continue to trust. Selling now is not an option for me, only converting coins I have in bitcoins, eth and ltc and then sending that to wallet. But 500$ isn't so big amount, so I will risk probably.
Bitcoin price might be taking a deep dive and we can just speculate about when a rebound will occur.
With this dip, how would exchanges fare? Would this cause exchanges to declare bankruptcy? Which of the top exchanges do you think, is stable and can withstand a really deep bitcoin price dive?
With this dip, how would exchanges fare? Would this cause exchanges to declare bankruptcy? Which of the top exchanges do you think, is stable and can withstand a really deep bitcoin price dive?
All exchanges do is simply provide a service where people are depositing and withdrawing from their platform. They handle the trades and all that and take a cut from each of the transactions that people take on their site.
They take on absolutely 0 forex risks if they are running a full reserve, which is what the exchanges are supposed to do.
The only reason why they would be bankrupt would be that they are running a fractional reserve, and have speculated on bitcoin going up without the permission of the users. Otherwise, they won't be affected whatsoever by the crash of bitcoin, apart from a dive in fiat revenue.
All the exchanges you mentioned will as they existed for years and crashes occurred before except for Binance which is a few months old but they have no USD, I doubt they need any liquidity at this point as they have thousands/millions of users already and trading is happening between users and they can always catch up by the withdrawal and trading fees etc.
So you're like saying, those on that list can be trusted with our holdings, even if price takes a plunge?
All the exchanges you mentioned will as they existed for years and crashes occurred before except for Binance which is a few months old but they have no USD, I doubt they need any liquidity at this point as they have thousands/millions of users already and trading is happening between users and they can always catch up by the withdrawal and trading fees etc.
Bitcoin price might be taking a deep dive and we can just speculate about when a rebound will occur.
With this dip, how would exchanges fare? Would this cause exchanges to declare bankruptcy? Which of the top exchanges do you think, is stable and can withstand a really deep bitcoin price dive?
With this dip, how would exchanges fare? Would this cause exchanges to declare bankruptcy? Which of the top exchanges do you think, is stable and can withstand a really deep bitcoin price dive?
Jump to: