What is the best way to secure your funds on gateway exchanges?

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: Kouye on December 04, 2013, 07:20:31 PM

Quote from: cypherdoc on December 04, 2013, 07:08:51 PM

don't worry about mtgox or Mark Karpeles. just don't leave your coins there for any length of time.

he's proven to be the most honest and most established of all exchange owners. just get your buys done and get the coins out as expeditiously as possible and you'll be just fine.

Also, cypherdoc was an (admitted) paid shill for a failed ASIC "pre-order" company, I'd be very cautious with whatever he says. Grin

ah yes, Kouye, you little rat and KNC shill. no wonder you go silent when asked a direct question:

Quote

KnCMiningOp:
Quote from: Kouye on July 13, 2013, 08:13:55 AM

Paid 2BTC on mining address for 20 shares.
https://blockchain.info/tx/90f7c9ddec418455d4b07af3817bb638b6ced33c73156d8f5d7a24d810835f71

Sending a pm with details.

Payment confirmed.

465 shares left.

and you even pretend to be honest.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: Kouye on December 04, 2013, 07:46:36 PM

Quote from: cypherdoc on December 04, 2013, 07:33:54 PM

yeah and you're just an idiot making false claims about a "failed" company that is just about to deliver its product, albeit late. as well as making allegations against me for supporting them in an open fashion. impatient and intolerant ppl like you are what makes this community so tense.

Quote from: cypherdoc on August 08, 2013, 05:54:43 PM

The HashFast "BabyJet” ASIC mining machine will be a first-of-its-kind technology (400GH/s per ASIC chip, significantly less than 1 Watt per GH/s) slated for delivery by late October.

so i believed them about the estimated shipping timeframe they gave me. how is that an indictment? am i an employee of the company or in control of their product line? no.

did you order a Hashfast? or are you a KNC miner?

Kouye

sr. member

Activity: 336

Merit: 250

Cuddling, censored, unicorn-shaped troll.

Quote from: cypherdoc on December 04, 2013, 07:33:54 PM

yeah and you're just an idiot making false claims about a "failed" company that is just about to deliver its product, albeit late. as well as making allegations against me for supporting them in an open fashion. impatient and intolerant ppl like you are what makes this community so tense.

Quote from: cypherdoc on August 08, 2013, 05:54:43 PM

The HashFast "BabyJet” ASIC mining machine will be a first-of-its-kind technology (400GH/s per ASIC chip, significantly less than 1 Watt per GH/s) slated for delivery by late October.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: Kouye on December 04, 2013, 07:20:31 PM

Quote from: cypherdoc on December 04, 2013, 07:08:51 PM

don't worry about mtgox or Mark Karpeles. just don't leave your coins there for any length of time.

he's proven to be the most honest and most established of all exchange owners. just get your buys done and get the coins out as expeditiously as possible and you'll be just fine.

Also, cypherdoc was an (admitted) paid shill for a failed ASIC "pre-order" company, I'd be very cautious with whatever he says. Grin

yeah and you're just an idiot making false claims about a "failed" company that is just about to deliver its product, albeit late. as well as making allegations against me for supporting them in an open fashion. impatient and intolerant ppl like you are what makes this community so tense.

Kouye

sr. member

Activity: 336

Merit: 250

Cuddling, censored, unicorn-shaped troll.

Quote from: cypherdoc on December 04, 2013, 07:08:51 PM

don't worry about mtgox or Mark Karpeles. just don't leave your coins there for any length of time.

he's proven to be the most honest and most established of all exchange owners. just get your buys done and get the coins out as expeditiously as possible and you'll be just fine.

Also, cypherdoc was an (admitted) paid shill for a failed ASIC "pre-order" company, I'd be very cautious with whatever he says. Grin

Kouye

sr. member

Activity: 336

Merit: 250

Cuddling, censored, unicorn-shaped troll.

Quote from: cypherdoc on December 04, 2013, 07:08:51 PM

he's proven to be the most honest and most established of all exchange owners. just get your buys done and get the coins out as expeditiously as possible and you'll be just fine.

Until another CoinLab vs MtGox makes MtGox go insolvent because justice declares so.
Watch your steps, anyway, don't keep any significant amount on any exchange, stay light and agile.

grux

member

Activity: 67

Merit: 10

There is no risk-free way to do what you want at the moment, people don't move $250k through investments often with bitcoin currently like with NYSE.

cypherdoc

legendary

Activity: 1764

Merit: 1002

don't worry about mtgox or Mark Karpeles. just don't leave your coins there for any length of time.

he's proven to be the most honest and most established of all exchange owners. just get your buys done and get the coins out as expeditiously as possible and you'll be just fine.

Kouye

sr. member

Activity: 336

Merit: 250

Cuddling, censored, unicorn-shaped troll.

There is no way to make sure.
If you can, split your investment among major exchanges (Gox and Stamp, as you said, consider BTCChina, too, if you can).
Depending on where you live, there are some smaller local exchanges too. For example, bitcoin.de, bitcoin-central.net, etc. (in europe, at least).
Spreading the risk looks like the safest bet, as any exchange might become the next scam.

thehedgemon

member

Activity: 66

Merit: 10

I'm looking to make a deposit of roughly $250k into a major exchange (Gox or Bitstamp). I'm wondering if anyone out there has some advice for making sure those funds are secure or if there is another route. I'll be making thousands of transactions a day.

Topic: What is the best way to secure your funds on gateway exchanges? (Read 833 times)