Summary review of 3 bitcoin exchanges

tzortz

hero member

Activity: 728

Merit: 500

Quote from: jostmey on June 16, 2011, 01:13:28 AM

I've tried three bitcoin exchanges now, namely Mt Gox, Trade Hill, and Bitcoin 7. I was successful with all three!

Briefly, here are my thoughts on them.

Mt Gox - Trusthworthy, secure.
Trade Hill - They are still perfecting their service, but their customer service is unmatched.
Bitcoin7 - Quickest service in processing payments... but this may be because so few use it. Their site is also easy to navigate and understand.

More exchanges is a good thing for the bitcoin economy, even for the other exchanges. More exchanges means the bitcoin currency has greater liquidity, which will give investors a felling of confidence in the currency.

I like he used the word "secure" !

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

It doesn't matter if I lost money or not. The only reason I didn't is that the government stepped in and bailed them out. Are you all saying you would like government oversight of Bitcoin? The principle is the same - shit happens everywhere but in the Wild West of Bitcoinland no one has your back because you all want it that way.

skooter

member

Activity: 70

Merit: 10

Quote from: QuestionAuthority on April 14, 2014, 01:02:20 AM

Quote from: Bitcoin Exchanges on April 13, 2014, 10:21:50 PM

I'm gonna reply to this post that is 3 years old just to show how messed up the first years of Bitcoin have been. The majority of exchanges has either been hacked or (most likely) setup as scams.

In 2008 I banked at Washington Mutual, Wachovia and Bear Stearns. All three are gone now. Shit happens.

Big difference.

If you lost any of the money you deposited because of that, I'll personally pay for it out of my own pocket.

(Because I know for a fact you didn't)

Nagle

legendary

Activity: 1204

Merit: 1002

Quote from: QuestionAuthority on April 14, 2014, 01:02:20 AM

In 2008 I banked at Washington Mutual, Wachovia and Bear Stearns. All three are gone now. Shit happens.

Did you lose any money because of that?

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: Bitcoin Exchanges on April 13, 2014, 10:21:50 PM

I'm gonna reply to this post that is 3 years old just to show how messed up the first years of Bitcoin have been. The majority of exchanges has either been hacked or (most likely) setup as scams.

In 2008 I banked at Washington Mutual, Wachovia and Bear Stearns. All three are gone now. Shit happens.

cle

newbie

Activity: 24

Merit: 0

thanks very much for this necrobump.
very informative.,,,,,,,,,,,

Bitcoin Exchanges

newbie

Activity: 35

Merit: 0

I'm gonna reply to this post that is 3 years old just to show how messed up the first years of Bitcoin have been. The majority of exchanges has either been hacked or (most likely) setup as scams.

jostmey

full member

Activity: 224

Merit: 100

I've tried three bitcoin exchanges now, namely Mt Gox, Trade Hill, and Bitcoin 7. I was successful with all three!

Briefly, here are my thoughts on them.

Mt Gox - Trusthworthy, secure.
Trade Hill - They are still perfecting their service, but their customer service is unmatched.
Bitcoin7 - Quickest service in processing payments... but this may be because so few use it. Their site is also easy to navigate and understand.

More exchanges is a good thing for the bitcoin economy, even for the other exchanges. More exchanges means the bitcoin currency has greater liquidity, which will give investors a felling of confidence in the currency.

Topic: Summary review of 3 bitcoin exchanges (Read 1364 times)