What makes you trust bitcoin related services? - page 5.

Meowth05

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★777Coin.com★ Fun BTC Casino!

Quote from: AaronJonk on November 04, 2019, 11:29:19 AM

Hi,

I have some questions where I have been thinking about the past week.
Why do you trust some website/company with your bitcoins?

Let's say a bitcoin casino, what makes you deposit bitcoin?
Is it the provably fair? Does it mean you trust a site when the game is fair?
Is it the looks of the site? The amount of users there are? If there is an open chat where you can see active users?

Or something else that doesn't have a game that's fair, for example a bitcoin exchange, how do you trust them?

Overall: What makes you trust bitcoin related services?

I think it is not totally about the trust, yes it matters but I think we put our Bitcoins in related crypto websites because we risk it for the sake of profit. I deposit money in casino simply to entertain my self and profit as well if got hit by any luck. The only websites I trust to place my funds with are the online wallet that stores Bitcoin and other cryptocurrencies. This industry is full of risk and it is hardly to put our trust the best to do is to take the risk.

Eclipse26

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In bitcoin it's not only an investment of money. It also includes investment of trust. When we invest our money on a certain site, it means we also invest our trust to that site. And it takes time for sites to gain trust from their customers.
It's a risk but I don't just trust any site easily, I also have to see and check if I can trust that site with my bitcoin. A site should reach my standards before I trust them with my coins. I always have to make research on something before making decisions.

gabbie2010

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My trust on bitcoin related service is based on their reputations and credibility for instance Blockchain.info was favorite online wallet based on their trust and I had never read any scam related issue as far their services is concerned In own opinion I researched to know the number of hodler of bitcoin using that wallet is huge. so also I used the same ideology mentioned above to determine or choose the exchange I am using currently and so far no any issue with them.

AGroose

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I can not trust companies in the crypto industry. Now the risks are very high, so I use only very popular and well-known sites. The industry is very young and there are many scammers, so it’s hard to find really good services

meanwords

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I don't entirely trust them (Bitcoin exchanges or any Bitcoin related services) it's just that they are convenient to use and also a licensed company. Let's take the third party wallet coins.ph for example. Coins.ph is a wallet that holds your Bitcoin for you, so why would you let them hold your Bitcoin? Because of their services. Coins.ph has a lot of services like paying bills, buying game credits, and a loading station. You could make a business out of this services as Coins.ph gives you rebate for every purchase.

BitcoinsGreat

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Quote from: AaronJonk on November 04, 2019, 11:29:19 AM

Hi,

I have some questions where I have been thinking about the past week.
Why do you trust some website/company with your bitcoins?

Let's say a bitcoin casino, what makes you deposit bitcoin?
Is it the provably fair? Does it mean you trust a site when the game is fair?
Is it the looks of the site? The amount of users there are? If there is an open chat where you can see active users?

Or something else that doesn't have a game that's fair, for example a bitcoin exchange, how do you trust them?

Overall: What makes you trust bitcoin related services?

Feedback is the only thing which i look for, when i need to check if i want to use the particular service or not.
You cannot really grantee that provably fair is truly implemented in a gambling site and even if you can confirm it, still there is no way to be ensure that provably fair site will not scam.

Same is the case with exchanges. If you see a lot of volume in exchange and people being positive about it, you can say it to be a trusted site. Low volume new exchanges are risky.

In short, Feedback matters most.

cutesgirl

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Quote from: AaronJonk on November 04, 2019, 11:29:19 AM

Hi,

I have some questions where I have been thinking about the past week.
Why do you trust some website/company with your bitcoins?

Let's say a bitcoin casino, what makes you deposit bitcoin?
Is it the provably fair? Does it mean you trust a site when the game is fair?
Is it the looks of the site? The amount of users there are? If there is an open chat where you can see active users?

Or something else that doesn't have a game that's fair, for example a bitcoin exchange, how do you trust them?

Overall: What makes you trust bitcoin related services?

I trust with bitcoin price can be higher price, bitcoin always give profit for every investor trust with bitcoin as investment assets. During this year with bitcoin how growing up many companies have adopt and accepted bitcoin as legal currency payment, now many country support using bitcoin and make me very trust with bitcoin as best investment digital assets at the future.

Edraket31

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Quote from: Pamadar on November 04, 2019, 10:19:36 PM

Quote from: Lmaooo on November 04, 2019, 05:02:12 PM

Reputation is the key! You cannot just go ahead to buy something with bitcoin from someone or company you don't know or trust. If you do that you'll easily get scammed. The first rule of dealing with bitcoin is must know the person or company you are dealing with by knowing their reputations.

It's best to base your trust with companies reputations, just needed to research much deeper and not to relied with some review based websites which can also be a paid shills for the benefits of the company. Having enough time to do your own ways of researching and make sure you are always aiming for good basis in order to avoid or lessen the chances of getting scammed. it's hard to earned trust that's for sure, so find the place who already have it and experienced things for your own opinion.

Earning trust should not be instant, not because you have seen the team are active and conducting AMA, promising anything, don't fall into this trap, they are just getting your attention and trust so you can invest to them. Doing a research is a must, make sure that we can do this part on our own.

I am trusting Bitcoin related service, once it is law regulated here in our country, and good thing, everything here in our country is legal as we are open for this kind of industry and no question at all from our government.

Ridwan Fauzi

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Basically, on bitcoin environment/crypto as a whole is based on reliance (that is the banchmark IMHO). Because I'll bet if there is no someone who trust bitcoin, I mean there were not willing to trust their assets/money to other people or even to the system itself then we won't ever see bitcoin is still axist until now and even will not have popularity as of now.

Although there is a service which can make you manage your bitcoin by yourself such as through hardware wallet and etc but eventually you need an exchange when you intend to change into money fiat.

Probably, you will have your own perspective against it and thinking that bitcoin is not centralized. So, like what other people says, before you spend your money you need to know first the service itself (be it gambling paltform or even an exchange) you can do an analyst or just see the review of the service, there will be much moreover if you ask to this forum then it is enough to be a source.

Pamadar

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Quote from: Lmaooo on November 04, 2019, 05:02:12 PM

Reputation is the key! You cannot just go ahead to buy something with bitcoin from someone or company you don't know or trust. If you do that you'll easily get scammed. The first rule of dealing with bitcoin is must know the person or company you are dealing with by knowing their reputations.

It's best to base your trust with companies reputations, just needed to research much deeper and not to relied with some review based websites which can also be a paid shills for the benefits of the company. Having enough time to do your own ways of researching and make sure you are always aiming for good basis in order to avoid or lessen the chances of getting scammed. it's hard to earned trust that's for sure, so find the place who already have it and experienced things for your own opinion.

Eugenar

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Activity: 1274

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Quote from: AaronJonk on November 04, 2019, 11:29:19 AM

Hi,

I have some questions where I have been thinking about the past week.
Why do you trust some website/company with your bitcoins?

Let's say a bitcoin casino, what makes you deposit bitcoin?
Is it the provably fair? Does it mean you trust a site when the game is fair?
Is it the looks of the site? The amount of users there are? If there is an open chat where you can see active users?

Or something else that doesn't have a game that's fair, for example a bitcoin exchange, how do you trust them?

Overall: What makes you trust bitcoin related services?

Actually, the platforms market to really help in attracting players to trust their service. Though, sometimes there are advertisements that are irritating if it appears to much in the screen. But, if the person that is putting their signature is really a reputable member of this forum, it has a very great impact on the users to try and put some assets to the platform. In this regard, we can consider that advertisements advertised by reputable member makes us trust bitcoin related services.

So, we should always consider that we have an impact to the platform and users, meaning to say that we should be responsible enough in choosing what platform or project to advertise.

drachman

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Quote from: AaronJonk on November 04, 2019, 11:29:19 AM

Hi,

I have some questions where I have been thinking about the past week.
Why do you trust some website/company with your bitcoins?

Let's say a bitcoin casino, what makes you deposit bitcoin?
Is it the provably fair? Does it mean you trust a site when the game is fair?
Is it the looks of the site? The amount of users there are? If there is an open chat where you can see active users?

Or something else that doesn't have a game that's fair, for example a bitcoin exchange, how do you trust them?

Overall: What makes you trust bitcoin related services?

The reputation of the service is everything, if I see credible evidence that the service has scammed their customers in the past then I will not use them no matter what they say, now it is important to tell the difference between angry customers that will always be there if the service is popular and legitimate concerns about the honesty of owners of the service, after their reputation is out of the way I select based on other criteria like the user interface and their customer service.

acroman08

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Quote from: AaronJonk on November 04, 2019, 11:29:19 AM

Hi,

I have some questions where I have been thinking about the past week.
Why do you trust some website/company with your bitcoins?

Let's say a bitcoin casino, what makes you deposit bitcoin?
Is it the provably fair? Does it mean you trust a site when the game is fair?
Is it the looks of the site? The amount of users there are? If there is an open chat where you can see active users?

Or something else that doesn't have a game that's fair, for example a bitcoin exchange, how do you trust them?

Overall: What makes you trust bitcoin related services?

I don't, I may be using their services but I don't trust them in the slightest since they could pull an exit scam any time they want.
I may sound paranoid but it's just the way it is. Scams are around us and even trusted services are doing an exit scam. you can search
google for reference, just type "exit scam bitcoin".

Shasha80

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Quote from: AaronJonk on November 04, 2019, 11:29:19 AM

Hi,

I have some questions where I have been thinking about the past week.
Why do you trust some website/company with your bitcoins?

Or something else that doesn't have a game that's fair, for example a bitcoin exchange, how do you trust them?

I believe in exchanges by making a deposit to those exchanges. Because of several factors including because these exchanges
have many users, usually if exchanges have many users the most likely exchanges These are reliable. Following after comparing
with some other exchanges, it will be seen where the exchanges are which has real volume with fake volume. And the last one
got input from several people in the community crypto like in this forum for example. With these reasons, I dare to make a decision
on which website / company trustworthy. And usually I also gradually deposit it so as to better ensure its safety.

blckhawk

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Reputation is one factor before I trust an organization or a company my funds in cryptocurrency. When a new one is established, I will not get into it immediately and give them time to prove themselves in the market and when I see their company's practices are good, I'll give it a try. Reviews online and feedbacks are not hard to find so a little reading might help. The community is a good source of real feedback and you might also join forums and group discussions regarding the company's practices.

Memminger

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Quote from: AaronJonk on November 04, 2019, 11:29:19 AM

Hi,

I have some questions where I have been thinking about the past week.
Why do you trust some website/company with your bitcoins?

Let's say a bitcoin casino, what makes you deposit bitcoin?
Is it the provably fair? Does it mean you trust a site when the game is fair?
Is it the looks of the site? The amount of users there are? If there is an open chat where you can see active users?

Or something else that doesn't have a game that's fair, for example a bitcoin exchange, how do you trust them?

Overall: What makes you trust bitcoin related services?

What made you trust fiat related services? Is it because of the fiat itself or the good reputation of the service provider? You know sometimes we ought to miss the point that BTC is fundamentally a currency like fiat but the difference is that it has no physical form but the function is quiet the same. You can spend it in both legal and illegal uses but the law still prevails over money (as we should hope so).

marcbitcoins

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I trust them because they have permit to operate like they are fully registered in the government business related agency that if their names are not in the list then of course you should doubt it and consult the government for verification. Their reputation is also a great help too specially if the website or exchanges are famous and still at service for a very long time.

crossabdd

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first is having a large level of users, second is a high level of security, third is a fast transaction process, fourth is having responsive support services. Fifth is very easy to make withdrawals. sixth if the exchange is no dominant bot for trading, all are real trade users. seventh many altcoin variants for trading. that's the reason I trust to deposit a Bitcoin.

Kyraishi

hero member

Activity: 952

Merit: 513

Quote from: squatter on November 04, 2019, 01:23:22 PM

However, I don't trust any service. Even the most reputable services get hacked, or might lock your account and freeze funds under the guise of AML/KYC concerns. That doesn't mean I never use centralized services, but suffice to say: You should minimize the amount of money you put at risk and the amount of time it stays deposited, no matter what.

I think this is the right mindset to have when it comes to anything on the internet, money, privacy, etc.

Whenever I personally do anything on the internet, I employ a policy of "What's the worst that could happen". Trading my BTC to ETH on Binance? What if my account gets restricted?

With this mindset, I've been able to use a lot of safer options, and am personally a huge fan of DEX's.

seoincorporation

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Quote from: AaronJonk on November 04, 2019, 11:29:19 AM

Let's say a bitcoin casino, what makes you deposit bitcoin?

If you see the casino has been working for a long time, then you can trust them, and if you didn't trust in the service you can always send small amounts to test the site.

Quote

Is it the provably fair? Does it mean you trust a site when the game is fair?

A good provably fair is basic to get the trust from users, sites who don't have a good provably fair engine could be easily rigged.

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