Topic: The biggest problem with bitcoin is these imcompetent exchanges - page 3. (Read 3640 times)

+1

...and we need it now. Urgently!

Thanks for the great read!

Yea we really need a truly decentralized exchange, which allows trading of any crypto currency. (decentralized or centralized, though both have to be open-source)

Euro zone , or European Union?
Cause I'm getting interested on this , heard a lot of good stuff about it.

bitcoin.de is a blessing compared to all the other exchanges, very nice design and functions, you don't have to deposit money on it, only bitcoins, and you pay directly to the seller with bank transfer, and you can even spend up to $2,500 before needing a complete registration...only problem, if we want to call it so, is that you need to be in the Euro zone, sorry Americans&Asians&rest of the world  btc-e and the others are good only for coin-coin exchanges...anyway I have no affiliation at all with bitcoin.de, just sharing my experiences, all other exchanges should be like that, and not only for the Euro zone...

true but that will change in the next years. its still wild west here.

by the way, whats wrong with bitstamp  ?

I'm more concern with those we already have not surviving 2014 entirely.
We already had a " hacking " November.

This is proof we are still at the infancy, We have a long way to go guys this is just the start. Wait for 2014 More solid exchange will pop up 

I can't stop laughing with that one 
Anyway in those crappy exchanges defence, i must say that they played a crucial role so far for bitcoin to be what it is today.
Yes they suck and they 'll get replaced if they don't evovle but their role to the rise of bitcoin is huge.

That's why people go to localbitcoins. And a few months ago I considered that place doomed.

This one looks like it might come up to scratch for those in the Uk

http://www.bitprice.com/

Yeah, we know.

Several times, there's been some outfit that said they were going to run a professional, legitimate Bitcoin exchange. They all turned out to be scammers that stole customer funds. Tradehill, for example.

Nobody has yet set up an exchange that qualifies as a securities broker/dealer in any major country. Nobody has set up an exchange with published outside audits. Nobody has even set up an exchange with a street address you can visit. (Some reporters found Mt. Gox HQ, went there, and were turned away.) Over half of all Bitcoin exchanges have gone bust, usually with customer funds.

I have almost had it.  MtGox, Bitstamp, and BTC-e are not acceptable exchanges.  You have to use a third-party API just to see the trade grid at Mtgox or Bitstamp.  Btc-e is by far the best of the big three but it looks like it was designed by a 12 year old, has no way to deposit USD, and no one trusts Russians.  Mcxnow was by far the best design yet... unlicensed and run by some anonymous guy with a bad reputation in some anonymous place, and he didn't realize that he would have to have a support desk and so he is shutting everything down.  And you couldn't trade bitcoins there anyways.  Bitfinex seems to be run by some guy and his girlfriend out of their garage and you better hope that they both don't die in a car accident at the same time or you can kiss your bitcoins goodbye.  MtGox and Bitstamp are the "OSX" of the exchanges, simplified for stupid people and you can't see what is going on and you have to constantly refresh the page just to see if your orders were filled, and they have that wonderful html "lag" that makes you feel like you are still on dial-up.  Gox is the worst of all.  The owners of MtGox are so incompetent I am surprised they don't have a bounty on their heads on some underground marketplace.  The "gox loop" that happens anytime a big sell order is placed is so absurd that I don't even have the words here to describe it.  These guys should be shot.  Bad Gateway errors.  Inability to cancel orders.  No method for USD withdrawals- and these guys are too stupid to get out of Japan and move to jurisdiction with less stringent banking regulations.  We are truly in the wild west and I cannot blame the media or anyone else for not taking bitcoin seriously.  I can't understand why one of these early adopters doesn't take some of his mega-millions and open up a proper exchange.  Hire a team of real programmers from MIT.  Start out with no fees for the first six months and watch their volume explode.  Do it right.  This bitcoin community is dying for a reliable, competent bitcoin/alt coin exchange.  The "big three" exchanges are run by regular, less than intelligent guys that were in the right place at the right time and I have to believe-- I have to pray-- that their time is limited.  Unreliable, incompetent, amateurish, unprofessional... those are a few good descriptions.  Here is one more, "Pathetic"!