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Topic: Which is the most reliable exchange to trade on?! (Read 4949 times)

hero member
Activity: 896
Merit: 1000
Live Stars - Adult Streaming Platform
Bitfinex offcourse. The number 2 is Kraken. Other exchanges can be good/ reliable but I go for those 2. Only those 2 i trust with my trading.
Obviously my bitcoins are safely stored in my encrypted wallet.
legendary
Activity: 1185
Merit: 1021
we have seen how reliable mt. gox is, we also realized most information here is unreliable garbage.
legendary
Activity: 2212
Merit: 1199
I am using: Vircurex, Bitcurex and Bter

I never had any problems with them and prices are ok.

Withdraws in a minute and deposits after 4 confirmations (Vircurex)

Vircurex is no option of deposit/withdrawal of fiat at this moment right?


yes - you are right.
I do it via Bitcurex.pl as I live in Poland.   
If you live in Europe you can use Bitcurex.com

Vircurex ->BTC->Bitcurex->fiat->your account Smiley
legendary
Activity: 2212
Merit: 1199
Probably Mt. Gox

yes ! Smiley MtGox is most reliable!

legendary
Activity: 1221
Merit: 1025
e-ducat.fr
Bitstamp is holding BTC funds under false allegations. ( just like Gox )
BTC-e have anonymous owners(reddest flag ever).

I might add Kraken to your list since they are not compliant either with European regulations about fiat deposits (their bank account can be frozen and your funds with it).

All other exchanges just don't have enough volume or history to evaluate.
Answer: none is realiable.
You forgot a few facts about Bitcoin-central:

Its fiat deposits are regulated with a licensed Payment Institution partner .
100% of their Bitcoin deposits go to cold storage
The site is running since 2010 (even if trading was suspended for 5 months in 2013 for a security upgrade).
No bitcoin-central customer has ever lost any funds with them.
sr. member
Activity: 1097
Merit: 310
Seabet.io | Crypto-Casino
I am using: Vircurex, Bitcurex and Bter

I never had any problems with them and prices are ok.

Withdraws in a minute and deposits after 4 confirmations (Vircurex)

Vircurex is no option of deposit/withdrawal of fiat at this moment right?
sr. member
Activity: 339
Merit: 250
Kraken suck ass.

BTCE is very good.

The best of course will be:

hero member
Activity: 605
Merit: 500
How about bitfinex? They are in Hong Kong. Who are the owners? Are they trustworty?
newbie
Activity: 56
Merit: 0
The biggest lesson from Gox saga is that you can't trust any exchange in their current forms. If Gox can go this wrong( with Mark a high profile public figure, Bitcoin Foundation Memeber, registered in developed market), you basicly can't trust any other (btc-e, bitstamp, coinbase);  Just keep the minimum you need for trading and store the rest offline.

All bitcoiners, withdraw all your coins from the exchanges/online wallet and keep in your own wallets (except those who need to maintain certain amount for day trading or expense), keeping coins in exchanges will only lend them more incentives to gox all your coins to the air.

All BTC exchanges/online wallet, structurally are operating a fractional reserve scheme, but without a proper protection that you could expect from a bank (which is also fractional reserve model).  

Until the industry is ready to build a distributed or reserve verifiable exchange, don't keep more coins than necessary in an exchange.

The more coins you keep in an exchange, the more likely you are aiding the emerge of the next Gox and feeding evils in the ecosystem; For bitcoin's sake, keep all your coins in your own offline wallet.
jr. member
Activity: 54
Merit: 10
Probably Mt. Gox
sr. member
Activity: 364
Merit: 257
i like btc-e forever btc-e.com

Do you movement considerable amount of fiat?
sr. member
Activity: 266
Merit: 250
i like btc-e forever btc-e.com
legendary
Activity: 2212
Merit: 1199
With mtgox gone, who in your opinion can be trusted with your precious coins? Bit finex, btce, bit stamp etc.?

I am using: Vircurex, Bitcurex and Bter

I never had any problems with them and prices are ok.

Withdraws in a minute and deposits after 4 confirmations (Vircurex)



and in two months you'll be whining how one of those three took all your coins

not really. They changed withdraw systems after all of those DDoS.
And during attacks they did not suffer any lags for even a while ;P

I do not keep there a lot of coins anyway. But for now I did better thing when sing up to those then if I would did signup to MtGox Tongue isn't (or BitStamp) ?
Smiley

sr. member
Activity: 364
Merit: 257
Bitstamp is holding BTC funds under false allegations. ( just like Gox )
BTC-e have anonymous owners(reddest flag ever).

All other exchanges just don't have enough volume or history to evaluate.

Answer: none is realiable.
member
Activity: 97
Merit: 10
That's what so ridiculous about the exchanges.  Many are saying how dumb people could be to buy and or leave bitcoin on gox.  So...

MR. JOHN W PUBLIC:  ok, i got burned on mtgox, where should i go now?

BITCOINERS:  try btce.

PUBLIC:  ok, who are they?

BITCOINERS:   a couple of dudes from russia.

PUBLIC:  ok, sounds fishy.  who are they?

BITCOINERS:  we don't know who these russian guys are; literally they are anonymous, but you can send them money to buy bitcoins and not worry about it.

PUBLIC:  ok, any other exchanges you can recommend?

BITCOINERS:  yeah, bitstamp.

PUBLIC:  ok, where are they located?

BITCOINERS:  Slovenia. 

PUBLIC:  Where the fuck is Slovenia?
hero member
Activity: 605
Merit: 500
Id say the top 3 exchanges are bitfinex, stamp and btc-e! Do you guys have any info on these exchanges? Owners? physical whereabouts? History?
donator
Activity: 980
Merit: 1004
felonious vagrancy, personified
With mtgox gone, who in your opinion can be trusted with your precious coins? Bit finex, btce, bit stamp etc.?

BTC-e.
hero member
Activity: 1276
Merit: 622
Bitstamp and Kraken.

I might be biased because they both have fast & cheap SEPA EUR deposits/witdrawals.

Kraken is a bit faster & cheaper, also the trading fees are lower. So it's my primary choice. The trading volume is still not for big players (ironicaly it's not going to go up without them). But for us mortals that trade with a few 1.000 € worth of BTC/LTC it's an excellent exchange. They also have DOGE Cheesy

You should give them a try.


That being said, treat any exchange as if it could be gone tomorrow!
full member
Activity: 203
Merit: 100
Bitstamp looks more credible, but even there I won't keep big money.
full member
Activity: 238
Merit: 100
All centralized exchanges will fold when the local authorities put pressure on them.  Also, most of them so far have been run by incompetents and/or criminals, and this trend is likely to continue.  Don't leave money on a bitcoin exchange, lol!
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