Bitcoin Forum

after bitfinex down/hacked/stolen, not sure whether it is also an inside job, but I am frightened

when I see the volume of btc/usd, https://coinmarketcap.com/currencies/bitcoin/#markets (https://coinmarketcap.com/currencies/bitcoin/#markets)

LakeBTC, CoinBase(GDAX), and Bitstamp are the biggest three, Bitstamp I have known much, they were also down/hacked/stolen last year, and also lost tens of thousands of Bitcoin from customers; LakeBTC I have also known much, their withdrawal are not very good in fee and speed, although the deposit is free and fast.

so could anyone introduce a better exchange to do btc/usd trading? or share you experience on LakeBTC, CoinBase, and Bitstamp.

any experience will be grtaeful, thanx firstly

i am trading in poloniex, bittrex, yobit, and i think polo is good with many altcoin, btc-usd tether, and the market on polo was a big amount. in bittrex, i only trade btc-altcoin, in yobit i trade small coins which already launch and gets pump high  ;D

i think for me polo was a good idea to trade btc-usdt, you can try it if you can.

I've never heard of bitfinex before the hack so.. localbitcoins

I did not use bitfinex that often so this hasn't affected me alot but I use bitmex, this is great if you don't actually want to buy usd or Bitcoin and just anticipate a rise in price, they offer a 100x leverage so high amounts can be made from small price changes.

I've always used Poloniex, even for trading Bitcoin/USD and altcoins of course, but I never keep huge amounts on their site.
But how can you recommend Yobit? I've only heard bad stuff about them and have been told to avoid them at all costs.

BITSTAMP

Like me, I using some trading site, but maybe yobit has become my main exchange in this time, and I using another site become a stepping stone for me to seeing the situation in another trading place and rotate my amount.

Bitfinex are like cockroaches. They'll do their very best to be back. And I'm sure the traders on there who are currently squealing will be back too.

People should vote with their money and get on exchanges that might actually be accountable and properly insured and operated by real adults. That means Gemini and Itbit.

If you wanna trade BTC/Altcoins, I'd definitely suggest Bittrex. Pretty good user interface and way way better than YoBit. Used it a lot of times for Ethereum/Ethereum Classic/etc and have become an addict of their trading system.

Bro I Mainly Using 2 Websites to Trade BTC/USD Which are Yobit.net and I Also Do Trading on Magnr But I Prefer you to use Yobit.net Because it Gives Much Satisfaction to me Personally.....
 

Okay, like you I'm doing trading in yobit but it's for the assisting and the main place is trading in the local place because I can't find a lot of users in the foreign site in the exchange site and in my local exchange site is more crowded.

I think the best option is to make trades altcoin. you can try bittrex and also yobit.
if you want to trade USD / BTC then you could be using BITSTAMP as the best option.

https://www.bitstamp.net/

When you speak of exchanges,you don't really have to rely on the fact they're a bank and your wallet is a savings account.Even though they function the same,it's very likely they can steal your coins whenever the want to.Keeping all your money in an exchange wallet is simply against the bitcoin rules.By far the most safest trading I have come across is LBC ,localbitcoins,their services are cloudfliare which dynamically reduces 70% of the attack chances.I'm surprised you have never traded there.BItfinex does seem like an inside job since finding the exploits starts with an employee passing confidential information to third party.

problem with buying btc on exchanges using usd is that you will have to disclose information. But there are lots of place to trade btc/usd, recently i encounter a service such as btc2bid, they even held a signature campaign here in bitcointalk lately.  its almost like localbitcoin is just one as well.

I am not trading bitcoin / usd that much anymore because I am usually in bittrex trading altcoins and making a lot more money that I could earn in the fiat market.

but for trading bitcoin with fiat I used btc-e most of the time and also have c-cex and kraken in mind as alternatives.

I am using poloniex right now. I've been trading with them for about 2 months and I haven't had any problems and the trading platform seems user friendly.

I guess bittrex and poloniex is a good place to trade. I always trading at the site before, but once I get to know bittrex and poloniex, I so rarely play in bitfinex. however, I think so many people are playing on bittrex and poloniex and it is a site that is easy to understand for a beginner like me, so all was fine.

people that were using bitfinex as their main exchange should hop over to bitstamp or kraken. very reputable and trusted exchanges. i just hope people will not continue using bitfinex after they messed up big time. losing that many coins is seriously unforgivable.

bitfinex hacked or not honestly it doesn't any effect anything for me because i don't have account at there and was never use them because i had trade bitcoin only using my local exchange who available in my country and for an altcoins trade i had using poloniex

Go to igot of course.

Try igot.com

http://igot.com

That's THE BEST.

 :D :D :D :D :D :D :D :D :D :D :D :D :D :D

I do not trade anywhere, but all my savings are on Yobit now. That is the same kind exchanger as Bitfinex and others. After the story with Bitfinex I am thinking to cash out my money, just waiting for the course of bitcoin will grow, at least on the same level like it was before Bitfinex hacking.

LB's price is pretty bad, and its trading is not real time, usually you have to complete one trade with one person, then you can start another trade with another person.

I recommend bitstamp as the best option. bitstamp trading at a very comfortable and safe. I spent all bitcoin I have here. bitstamp hopefully be better in comparison bitfinex.

LocalBitcoins is not an exchanger it is a public place that people meet to buy or sell bitcoin with each other. in order to trade bitcoin/usd as a day-trader you need an exchange site like bitfinex that went down.

the replacement can be bitstamp, kraken, c-cex but they also have the same risks. i currently use btc-e

here you may easily be misled public opinion, many people are network pushing hands

you just compare their history, reputation, security, volume and others, then which one is better you can see

Thanks for the attention, but LakeBTC is the only one exchange which has not been stolen/hacked, we take security seriously with user' funds, every withdrawal request will be separately audited by two staff on LakeBTC, including BTC withdrawal.

We actually need decentralized trading platform to be fully secured from hacking and fee issues but till date no any large volume platform has been created but i know about bitsquare which is in operation and also updating regurarly but with low volume.

But for now, Better to put your bitcoin in different exchanger rather than all in one exchanger to minimize the loss in case of similar hack event in future.

Same as always: btc-e.com

They raised the trollbox price to 1000$ and i am mad about it but i guess i can live without trollbox. Since I use them for 3 years without a problem... That doesn't mean they are immune to hackers tho. They may be the next target who knows... Just withdraw your money when you reach a certain amount and you will be fine. Tbh, I wouldn't hold more than 1000$ there.

Actually I never heard and try bitfinex before it will hacked, there is more good exchanger there just be alert always and don't put all your money with only one exchanger. so if the times come that other exchange hacked too like what happened to bitfinex  you always prepared, by the way I'm not trade  btc to usd there is a lot more good to trade in exchanger ,you can find it there is much more good to trade than usd I also trade btc to my local currency of course.

that is because you have never been a trader, or at least you haven't been trading bitcoin/fiat pair that much.
if you did you would have known one of the biggest bitcoin exchanges out there with a very large volume.

Well, this time I was resting on the trading BTC / usd. Well, so much work in the real world so I have been forced to leave the business. but I will be back trading, despite the adverse effects caused by bitfinex. yeah, but I think it will never dampen the spirits of traders

Did you lose any bitcoins in the process ? If yes,how much ? As long as stuff is digitally done,it will always be prone to vulnerabilities.Someone people just want to watch the world burn.Its completely fault of the platform of your choice to not care about those vulnerabilities.I'd guess bitfinex should refund their customers and continue with the site.

what? you are thinking to cash out all your savings from yobit? you shouldn't be thinking, you should act now and get your coins back to your own wallet. i don't even know why you still haven't done it once you heard bitfinex is hacked. isn't that reason enough to move your coins away from exchanges directly?

Traders keep their funds secure by spreading them on different exchanges like cex.io, kraken, bittrex, poloniex etc. Yobit might not be the only exchange he uses.

That ain't secure, that's preventing total destruction by betting not everyone'll go down at the same time.

If you want usd and margin there ain't mamy options. Btce, maybe bitmex and I'm not sure where else. That's why bitfinex is gonna be back no matter what weirdness they pull.

It might be safe for short time. but the thing I'm sure won't last long in time, because I see all the trading sites would not survive if they already don't have customers or they do not provide specific safeguards against heat wallet they had. So keep your main money into personal wallet

Currently I am only on Yobit and investing on those altcoins, which I come to know that this coin is going to multiple thousands percent, and after that when I will have a bigger amount of capital I will start to trade to bigger exchanges.

and Luckily I do not have any account on bitfinex.

BTC-e and LakeBTC are reliable
many people criticize them, but indeed they never had security problems in funds.

after bitffenex problem
iam trading USD/BTC , in huobi, BTC-e and okcoin .com
in there volume transaction is equal and same bitfinex, so is no problem about bitfinex problem
much alternatif market exchanger another bitfinex

i am lucky that before also i never traded at bitfinex.Because i am from country where btcxindia is running pretty good and a really good exchange for me.So i always traded there because they had a really good service with phone support so always traded my bitcoins there.
But yes after Bitfinex hack its really hard to trust any other exchanges.

I don't trust that site anymore and after it was hacked, i stopped bitcoin/altcoin trading

this is the practice which once and for all
but if we don't trade, what should we do??

Let's strike through the bitstamp and lake btc because like your said is showing you is already not having any intention for visiting or using them.
but in this time i think the good place is a poloniex but it's for my personality. and the second is a bittrex. i think you must choose one of the exchange site between coinbase,polo and bittrex. i think the three is having a good result from their user's feedback.

after bitffenex scam i am trading USD/BTC in polo and yobit. sometimes i use bittrex also.

Poloniex and sometimes yobit, to be honest i never traded a lot on bitfinex, so that is not a huge change just that i have more money in poloniex/yobit now

i never use bitfinex before or after it hacked. i use yobit exchange, i think we have no other option except to use a exchange and i think it is a part of life just like in real life when a band robbed and all the money of the people taken away, i can hope that next time we will not face such kind of situation again.

I am trading btc/usd at Poloneix and a little bit of Yobit. I usually use the lending platform at Poloneix and that is my go to place.

lol,

I never know yobit before I saw this thread, is that another digital coin?

something interesting here  8)


ps, I think bitstamp and lakebtc and btc-e are still my first three choice to trade btc/usd.

i always traded on yobit and i still trade on it now, i never liked bitfinex

I use yobit too have haven’t ever been worried about losing my bitcoin or the company being hacked. I think any company is vulnerable thought but since the recent hack I bet all the major companies are doubling down on cyber security.

Exchanges stating that they are upping their security basically admit that their security wasn't top notch at all. And exactly that is a very worrying thing. Beside the fact that the security of an exchange holding people's funds must be at the highest levels at all times, people must also realize the scenario of the exchange operators committing thefts. Especially when it's very easy to become filthy rich in a very short time when it's concerning a major exchange. People go nuts when they deal with large numbers.

Trading of bitcoin/altcoin is much beneficial as with that we earn some bigger profit in a short time period, so for that there are a lot of other exchanges also available which are working from longer period and do not have any issue like that.