[The Bittrex security] A subject that we all should be aware of.

jennings

newbie

Activity: 15

Merit: 0

Quote from: microchoveur on March 24, 2015, 04:33:47 PM

What do you think about it ?

I guess we all have some money on it, so I'd like to start a debate.

Seems to be pretty solid. I know heard they have special audits running all the time that shut down wallets if any indicators are triggered. Seems pretty smart. They also appear to use cold storage for some of their high value altcoins and for bitcoin. I think the best advice is not to store more on the exchange than you need to trade with.

joelpina

full member

Activity: 177

Merit: 100

Here is a interesting blog on security for exchanges. I think its worth sharing here: http://blog.lazycoins.com/bitcoin-exchanges-security-must-trump-profit/

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: microchoveur on March 24, 2015, 04:33:47 PM

What do you think about it ?

I guess we all have some money on it, so I'd like to start a debate.

I think their security is good but I do not keep bitcoin (or altcoin in general) on exchange anymore, it is so risky and I do not to lose my 'money'. However (again) I think their security is high, just my 2 cents.

tittiecoiner

full member

Activity: 224

Merit: 100

★YoBit.Net★ 350+ Coins Exchange & Dice

No matter which exchange. No system is unhackable. It's not only the small ones like Cryptoine or Allcrypt. Even Bitstamp was hacked. Seems to be a new trend in 2015, hacking as much exchanges as possible (and dump the BTCs to keep the price low).

Don't keep your coins on any exchange or don't complain when they are gone.

microchoveur

sr. member

Activity: 336

Merit: 252

What do you think about it ?

I guess we all have some money on it, so I'd like to start a debate.

Topic: [The Bittrex security] A subject that we all should be aware of. (Read 973 times)