Which exchange is most robust, trustworthy? [POLL]

sd

hero member

Activity: 730

Merit: 500

Quote from: 🏰 TradeFortress 🏰 on April 12, 2013, 11:06:52 PM

Gox is most secure.

Yeah, if you don't count that time they leaked their password data then crashed the market as someone sold everything in some early adopter's account.

And if you don't count them keeping your money secure from it's legal owner with their withdrawal limits.

And if you don't count them being a Japanese company and impossible to sue from the rest of the world if they rob you.

AlexC

member

Activity: 118

Merit: 10

I am using bitcoin.de, it seems secure to me and I have not had any problems with it.
/AlexC

🏰 TradeFortress 🏰

vip

Activity: 1302

Merit: 1042

👻

Gox is most secure.

MashRinx

sr. member

Activity: 389

Merit: 250

include CampBX.com ? No personal experience.

sd

hero member

Activity: 730

Merit: 500

None of them are safe. They are all examples of centralization and suffer from all the ills that brings. BitCoin was designed to be better than that.

Trade on a market like bitcoin.de. All they do is match orders and escrow the BitCoins. Even better stop the speculative trading and use BitCoin as a currency. Charge people for your goods and services in BTC and buy things with BTC.

Amitabh S

legendary

Activity: 1001

Merit: 1003

MtGox is too opaque. When sending coins to them, there is no way to figure out whats going on. We just have to wait. (They do appear after some time). They should also show us the list of addresses previously used. Is there any logic in hiding them?

Keninishna

hero member

Activity: 556

Merit: 500

I just had my btc-e account hacked and lost 3600$ in btc. Sad

Gox seems to be the most secure.

Amitabh S

legendary

Activity: 1001

Merit: 1003

Note Bitcoin-24 is not functional anymore.

Amitabh S

legendary

Activity: 1001

Merit: 1003

Bitstamp is clearly looking a winner right now. I have used them a few times in the past, and their interface is also the smoothest. Only issue is that the rates are much worse (for selling) than MtGox or others (thats the price you got to pay for being the best).

Amitabh S

legendary

Activity: 1001

Merit: 1003

Is Bitcoin.de a true exchange? It seems more like localbitcoins. I could not find a way to do instant transactions (sell BTC). You got to wait for someone to send money to your account.

Kluge

donator

Activity: 1218

Merit: 1015

I'm fond of BitFinex ATM. Reserves can hang out and earn interest while they're waiting for the next opportunity.

dutt

member

Activity: 135

Merit: 10

I trust MtGox with my money, but not really in being able to use them propoerly. The other exhanges all work, but I don't really trust them with my money so...

davidpbrown

sr. member

Activity: 531

Merit: 260

Vires in Numeris

That might be the case for the future, but while the currency draws wealth into it and while it finds stability, it doesn't really matter how that happens. Exchanges will be subject to those looking to leverage a quick profit.. but really who day-trades currencies.. I've little sympathy for those who jump in and out quickly, whether they get lucky or get stung.

Buy; Hold; and Spend - with a disregard for the value against other currencies.

BTCLuke

hero member

Activity: 526

Merit: 508

My other Avatar is also Scrooge McDuck

Who cares anymore?

The real problem happens because people want an exchange that has lots of trading volume to trade with... Which always creates a central point of failure.

Bitcoin's success as a currency absolutely depends on there being no central point of failure.

Exchanges as we know them are unacceptable.

stephwen

member

Activity: 83

Merit: 10

bitcoin.de because it doesn't rely on one single centralized bank account, but is really peer to peer.

davidpbrown

sr. member

Activity: 531

Merit: 260

Vires in Numeris

Perhaps should encourage people to reply with their experience of these too.

for me
MtGox is good all round, except for their capability to deal with HFT/ddos and their communicating what is going on in a timely manner.
Vircurex good for movement between coins types but could do with growing and would be more use with GBP deposits.

the only other I've seen is BTC-e - to me looks like the 4chan of exchanges with a chatter troll box you can't get rid of; perhaps Russians like that noise..

Crazy

full member

Activity: 182

Merit: 106

Thanks for this poll, hope to get some meaningful answer from this so will be following.

NABiT

sr. member

Activity: 320

Merit: 259

Maybe a second poll, "who is your backup exchange?"

Everyone needs a backup exchange now.

davidpbrown

sr. member

Activity: 531

Merit: 260

Vires in Numeris

Tick boxes would allow more than one vote. Those voting for more than one dilute their own vote; overall the voting balances, if there are enough votes.

Amitabh S

legendary

Activity: 1001

Merit: 1003

Added Vircurex. Not sure if its possible to vote more than 1. But I think, it will also dilute the results.

Topic: Which exchange is most robust, trustworthy? [POLL] (Read 1658 times)