Which Trading Exchange Platform Has Never Been Hacked ? - page 2.

carlfebz2

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Quote from: Findingnemo on May 15, 2020, 05:30:50 PM

Quote from: Reatim on May 15, 2020, 03:33:59 AM

Quote from: cheezcarls on May 15, 2020, 02:22:22 AM

For me, I have to disagree about any exchange that are “secured”. Even Binance is not exemped to be secured because they were also breached last year, losing a lot of crypto coins and assets. Even Justin Sun of TRON had donated to Binance to cover those who are affected by the hack.

I have nothing to disagree on you here mate because i also have same belief that exchange is all vulnerable from hackers.

Yeah some are not been a victim but for sure one day or another they will become one as well like what happen to other big exchange that ha a history of hackings.

sometimes it is the inside job that more thinks why this hacking come to reality though proof wasn't there to back up the claims but in some opinion this is indeed.

Trader should be very careful, because it is their money so they have to keep their funds on exchange wallets only when you have intention of trading them in near future.If you are not going to trade them even for a week move it to your primary wallet.

We still new to decentralized trading platforms, if we adopt more to decentralized things then we can reduce hacking.

Should really be a habit for each person where they dont leave their coins on exchange wallets for too long even if we do say that they had been trusted for how many years but we wont know on when hacking incident would happen.So its better to be paranoid than sorry at all when you already lost up your coins.DEX is an another option but wont really go that far on where centralized exchangers able to do so.
Why? we do still end up on making transactions with fiat thats why people will prefer on using centralized platforms in the end of the day.About the question on which exchange havent been hacked yet
then i would say its Coinbase. So far this exchange doesnt have any issues when it comes to breaches or some sort.

Findingnemo

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Quote from: Reatim on May 15, 2020, 03:33:59 AM

Quote from: cheezcarls on May 15, 2020, 02:22:22 AM

For me, I have to disagree about any exchange that are “secured”. Even Binance is not exemped to be secured because they were also breached last year, losing a lot of crypto coins and assets. Even Justin Sun of TRON had donated to Binance to cover those who are affected by the hack.

I have nothing to disagree on you here mate because i also have same belief that exchange is all vulnerable from hackers.

Yeah some are not been a victim but for sure one day or another they will become one as well like what happen to other big exchange that ha a history of hackings.

sometimes it is the inside job that more thinks why this hacking come to reality though proof wasn't there to back up the claims but in some opinion this is indeed.

Trader should be very careful, because it is their money so they have to keep their funds on exchange wallets only when you have intention of trading them in near future.If you are not going to trade them even for a week move it to your primary wallet.

We still new to decentralized trading platforms, if we adopt more to decentralized things then we can reduce hacking.

Lakai01

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Quote from: Wenbing on May 13, 2020, 12:05:16 PM

-snip-
But, why don't we prepare from the onset against hacking?

In simple terms: because it is not possible.
A company can only take measures to keep the probability of being hacked as low as possible. The more worthy of protection the company's data is, the more money will flow into these measures.A bank will have to take completely different security measures than a small local webshop.

However, it is impossible to protect against any kind of attack. If you read the linked article about the Bitstamp hack, you will see that administrators or people with access to sensitive data (private keys, ...) have been attacked and scammed:

Quote

In the case of Bitstamp, those behind the attack used Skype and email to communicate with employees and attempt to distribute files containing malware by appealing to their personal histories and interests. Bitstamp's system became compromised after systems administrator Luka Kodric downloaded a file that he believed had been sent by a representative for an organization that was seeking his membership.

Source

Of course you can say that bitstamp should have trained its people better to prevent something like this from happening. However, such attacks sometimes go on for months in order to build trust between the attacker and the target ... until the target becomes more gullible and makes a mistake. No one, I dare say, is immune to this.

Reatim

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Quote from: cheezcarls on May 15, 2020, 02:22:22 AM

For me, I have to disagree about any exchange that are “secured”. Even Binance is not exemped to be secured because they were also breached last year, losing a lot of crypto coins and assets. Even Justin Sun of TRON had donated to Binance to cover those who are affected by the hack.

I have nothing to disagree on you here mate because i also have same belief that exchange is all vulnerable from hackers.

Yeah some are not been a victim but for sure one day or another they will become one as well like what happen to other big exchange that ha a history of hackings.

sometimes it is the inside job that more thinks why this hacking come to reality though proof wasn't there to back up the claims but in some opinion this is indeed.

cheezcarls

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For me, I have to disagree about any exchange that are “secured”. Even Binance is not exemped to be secured because they were also breached last year, losing a lot of crypto coins and assets. Even Justin Sun of TRON had donated to Binance to cover those who are affected by the hack.

All I can say is that no cryptocurrency exchange (whether CEX or DEX) is safe from these hackers. When an exchange built and improved their security protocols, so as the hacker’s intelligence. I wouldn’t trust myself storing my coins and tokens any longer in those exchanges, but I’ll put them safely in a hardware or decentralized blockchain wallet where I control the private keys and mnemonic phrases.

Just my opinion guys.

vicoma

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I am only aware of KuCoin and Bittrex, they have a very strong security and have not heard of anything related to hack from those exchanges

Utoy101

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Quote from: Wenbing on May 13, 2020, 03:19:38 AM

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

For an exchange and trading platform to be good, it has to be secure.
For it to attract users then transaction fee should be at a low rate and be secured.
The wider the geographical usage the higher the volume of transaction too.

Which crypto exchange and trading platform had been Hacked?

I learnt that Huobi has never been hacked before in the history of the trading platform operations.

To be honest, when rating exchange I'll always choose binance. I know it dosen't meet your criteria due to their hack history but it's still the best, the insurance fund set aside by binance known as SAFU is enough to cover for the hacks. Binance offer the best of services you might ever need in a trading platform. Their are lots of other exchange out there which haven't been hacked though

SolarWindMiningCompany

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Quote from: Lakai01 on May 13, 2020, 09:46:03 AM

Quote from: Wenbing on May 13, 2020, 03:19:38 AM

Which crypto exchange and trading platform had been Hacked?

I learnt that Huobi has never been hacked before in the history of the trading platform operations.

My pre-posters answered your question about the Exchanges in a way that you can find the information you need, I hope.

But I wanted to add the following:
If an Exchange has been hacked or not says absolutely nothing about whether it is more secure than other Exchanges or not. In fact, it goes so far that exchanges like Bitstamp (hacked in 2015) have massively tightened their internal security measures and invested a lot of money to become more secure.

Quote

Despite the losses and the alleged reputational damage, the company framed the incident as a learning experience, concluding:

“This was a significant loss for Bitstamp, and it cast further doubt on the safety and integrity of the bitcoin ecosystem. However, it could have been much worse, and we are determined to use this as a learning tool, and as a basis for making improvements in our technology, security protocols, incident response planning and so forth.”

Source

It is questionable whether Bitstamp would have taken these measures if the hack had never taken place.

That's correct. As ordinary as DDOS is, most exchanges can still get attacked by it. That is why they undergo regular maintenance. I feel its not just about how secure an exchange is, but a matter or interest to hackers too because if they are keen, they will hover around waiting for the least secure moment to attack.

BitcoinTurk

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Quote

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria?

To date, there are no services in the cryptocurrency markets that have a good history or meet all of the factors you have blunted. Yes, there are no services because every service has experienced big or small hacking incidents. For example, Binance was unfortunately hacked before, although it did not encounter a hacking incident that caused user victimization. It is possible to say the same sentence for Bitfinex and Bittrex, but for some services it is unfortunately not possible to say this. Today, although some of the new services have not yet encountered hacking, there is no guarantee that they will not. For example, although the FTX service has not been a victim of any hacking incident so far, this does not mean that it will not experience such incidents in the future.

Lucius

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Quote from: Wenbing on May 13, 2020, 12:00:02 PM

I'm not disputing that I don't have an idea of what I'm talking about but my main focus is the trading and exchange platforms that satisfy those parameters and can we conclude base on that that they are best exchanges/trading platforms.

Each crypto exchange is vulnerable to hacking, we can only talk about how likely it is to happen or not. The biggest problem is that users keep their funds on the crypto exchanges and use them as a master wallet, and that exchanges hold too many funds in hot wallets (at least that has been the case in the past).

I also think there were a lot more minor hacks that the public didn’t even find out about, because in that case it’s always better to preserve the reputation and pay the damage out of your own pocket. If you ask me personally, I think that Coinbase is the exchange that people trust the most, and this is definitely shown by the numbers that say that they hold a total of about 1 million BTC in their wallets.

el kaka22

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Honestly seeing never hacked before exchange makes me question that place even more, because in the real world every place gets hacked in the end but at the same time if a place gets hacked and managed to deal with it properly that is why I will like them. Think about it, if a place is never hacked before we don't know how they would deal with it when they do get hacked, and do not tell me if they are not hacked that means they will not be hacked neither, hackers are quite amazing and they are always good enough to hack any place given enough time.

So, go for the places that got hacked but took care of it without any problem like Binance, they know how to handle it and your money is safe there and you had a proof of that situation before.

exstasie

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Quote from: chaser15 on May 13, 2020, 03:32:52 PM

How much is the current average transaction fee in Coinbase sending BTC to another wallet?

If you used them since 2014, you should have an idea for this. Back in 2017, their transaction fees go up high up to BTC0.001-0.002. That's pretty insane fees and that year I decided to stop using them.

What're their fees now?

Pro tip: transfer coins from Coinbase to Coinbase Pro and withdraw them from there. There are no withdrawal fees on crypto from Coinbase Pro. Lower trading fees too. https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/fees.html

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Quote from: CryptoYar on May 13, 2020, 12:56:06 PM

Quote from: Wenbing on May 13, 2020, 03:19:38 AM

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

I think you should check this post, you will get complete information, like which year the exchange was hacked and how much loss was done.
https://bitcointalksearch.org/topic/list-of-cryptocurrency-exchange-hacks-5237828

This list sums it all which do shows particular exchange and the year it was hacked. Merited you for this one..

Quote from: chaser15 on May 13, 2020, 03:32:52 PM

If you used them since 2014, you should have an idea for this. Back in 2017, their transaction fees go up high up to BTC0.001-0.002. That's pretty insane fees and that year I decided to stop using them.

What're their fees now?

Just to answer this out, Coinbase now do only charge out network fee only if you do make btc transfer to other wallet i dont know on other transaction.
I remember wayback when that 2017 bull run happen where every platform do charge up bigtime in talks of fees but the
winner among into this list is Yobit where they do still have that withdrawal fee of 0.001 atm.

chaser15

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Quote from: Skieleton on May 13, 2020, 01:18:08 PM

All 3 criteria are met by Coinbase - a global leader based in San Francisco, California. Over 30 million users. Record capital raised from investors such as the New York Stock Exchange (NYSE). I've been using it since 2014 and everything is always ok. I recommend

.

How much is the current average transaction fee in Coinbase sending BTC to another wallet?

If you used them since 2014, you should have an idea for this. Back in 2017, their transaction fees go up high up to BTC0.001-0.002. That's pretty insane fees and that year I decided to stop using them.

What're their fees now?

enhu

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Quote from: crwth on May 13, 2020, 01:27:09 PM

Well, there are a lot of exchanges that have not been hacked. It's also different if there's no hacking happened. I think the best investment for them is always about security and constant updating to prevent hacks.

I think it's not a significant benefit to know that an exchange hasn't been hacked, but how an exchange would handle it sounds better—possibly letting the users know as well that there was an attempt and the funds are safe or something like that. Reputation on exchanges is beneficial to users staying there as well.

Since the question is likely answered, I want to share this about picking an exchange. Having the nearest server with the exchange is ideal for faster trades, especially with WebSockets.

Those exchange that was hacked eventually made their security stronger, the owners and their support gained experience thru it as well. And this I guess they have handled it at least this is what I thought when cryptopia resumed. They are now among exchanges also that end up closing their services after they were hacked.

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Well, there are a lot of exchanges that have not been hacked. It's also different if there's no hacking happened. I think the best investment for them is always about security and constant updating to prevent hacks.

I think it's not a significant benefit to know that an exchange hasn't been hacked, but how an exchange would handle it sounds better—possibly letting the users know as well that there was an attempt and the funds are safe or something like that. Reputation on exchanges is beneficial to users staying there as well.

Since the question is likely answered, I want to share this about picking an exchange. Having the nearest server with the exchange is ideal for faster trades, especially with WebSockets.

Skieleton

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Quote from: Wenbing on May 13, 2020, 03:19:38 AM

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

For an exchange and trading platform to be good, it has to be secure.
For it to attract users then transaction fee should be at a low rate and be secured.
The wider the geographical usage the higher the volume of transaction too.

Which crypto exchange and trading platform had been Hacked?

I learnt that Huobi has never been hacked before in the history of the trading platform operations.

All 3 criteria are met by Coinbase - a global leader based in San Francisco, California. Over 30 million users. Record capital raised from investors such as the New York Stock Exchange (NYSE). I've been using it since 2014 and everything is always ok. I recommend

.

canovan25

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Quote from: Wenbing on May 13, 2020, 03:19:38 AM

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

For an exchange and trading platform to be good, it has to be secure.
For it to attract users then transaction fee should be at a low rate and be secured.
The wider the geographical usage the higher the volume of transaction too.

Which crypto exchange and trading platform had been Hacked?

I learnt that Huobi has never been hacked before in the history of the trading platform operations.

I am very pleased that my favorite exchange cannot be hacked. Waves.exchange is a place where people fall in love with cryptocurrency

The commission is 0.003 Waves ($ 0.0033) for exchanging any amount, you do not need to install anything (metamask and other applications), a very convenient interface and access to funds by private key. The best that could be

CryptoYar

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Quote from: Wenbing on May 13, 2020, 03:19:38 AM

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

I think you should check this post, you will get complete information, like which year the exchange was hacked and how much loss was done.
https://bitcointalksearch.org/topic/list-of-cryptocurrency-exchange-hacks-5237828

BitSat19

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Quote from: ?? on ??

Quote from: TimeTeller on May 13, 2020, 10:03:18 AM

Quote from: Wenbing on May 13, 2020, 03:19:38 AM

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

-

The OP is asking what exchange fulfil the above parameters, and I can say very few of them.
But most exchanges that fall into this set of parameters are smaller to medium exchanges.
Because most good exchanges have been a victim of hacking at least once.
But I don't think, the criteria of never hacked before and low tx fee would be vital in choosing an exchange.
Those exchanges that have never been hacked is only waiting their time to be vulnerable with these hackers.
I guess what matters most, is how the exchange reacted after the hack - did they refund their clients or not? Or did they continue their operations and rectify the prob fast?
Also, most exchanges with low tx fees are those with low trading volumes also. So it is really not convenient to trade in those kind of exchanges.
Do you want to wait for days and days just to fulfil your order?

Hackers are only after the big exchange and trading platform and not against smaller ones.

Is the aim of this hackers to steal only the coins or there are other things that is their pursuit as they hack sites?

This is not true as hackers only hack small exchanges as sometime ago we have some big exchanges hacks as well some time peoples believe its insider job which is also right but no one can give guarantee that big exchange will never hack any thing is possible in this crypto world.

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