Bitcoin Forum

Economy => Service Discussion => Topic started by: Ibian on February 18, 2014, 01:16:29 AM



Title: What are the remaining reliable exchanges?
Post by: Ibian on February 18, 2014, 01:16:29 AM
Right now the only exchange I still trust enough to use is Kraken, but a few more options would be nice. Especially something with a little higher volume (though that is not too important). Both to spread risk and for the occasional arb. I'm european (denmark), so can't use american-only exchanges.

By reliable I mean no delays on withdraws in either form, SEPA going through on time and preferably ones that didn't close down during the mal thing. Anyone got recommendations?


Title: Re: What are the remaining reliable exchanges?
Post by: HairyMaclairy on February 18, 2014, 02:51:25 AM
So far so good with Bitfinex.  Everything has run smoothly and when they have had a problem they have been open about it and fixed it.  Good communication. 


Title: Re: What are the remaining reliable exchanges?
Post by: Ibian on February 18, 2014, 07:49:47 PM
Is this really it? There are no large reliable exchanges left?


Title: Re: What are the remaining reliable exchanges?
Post by: infoman on February 18, 2014, 09:40:39 PM
whats wrong with bitstamp or btc-e?
both back in action as I see, processing deposits/withdrawals



Title: Re: What are the remaining reliable exchanges?
Post by: Ibian on February 18, 2014, 09:51:41 PM
whats wrong with bitstamp or btc-e?
both back in action as I see, processing deposits/withdrawals


People can't get their funds out of btc-e. Apparently mostly ones from 10-11th, but one is too many and their "support" smells like fraud. There are threads on this, here and on reddit.

Don't think stamp deals in euros? Can europeans even use it?


Title: Re: What are the remaining reliable exchanges?
Post by: mp420 on February 18, 2014, 10:06:15 PM
There never was a trustworthy and reliable exchange, and there is none now.

It's always a gamble. I think if you're buying, Gox's prices vs. odds are favorable unless you're convinced they won't deliver.


Title: Re: What are the remaining reliable exchanges?
Post by: sd on February 18, 2014, 10:16:59 PM
Bitcoin.de, but it's not really an exchange. It connects buyers to sellers and escrows the BTC. The feedback system works nicely so you know you can trust your trading partner. It seems trustworthy and it never has its hands on your cash in any case.


Title: Re: What are the remaining reliable exchanges?
Post by: Rannasha on February 18, 2014, 10:17:51 PM
Don't think stamp deals in euros? Can europeans even use it?

Bitstamp converts euros to dollars when you deposit (and the other way around when you withdraw). It's easy and fast to use from Europe (SEPA deposits take 1 business day typically), but you lose out on a little bit of currency-conversion costs, although Bitstamps bank isn't that bad in that regard with a EUR/USD spread of about 0.8%.

edit: Kraken is a great exchange to use. Their USD volume is crap, but for EUR users it's good. Deposit and withdrawals are fast (1 business day, though I've had the occasional same-day-delivery). Support is a bit slowish, but they are helpful.


Title: Re: What are the remaining reliable exchanges?
Post by: Ibian on February 18, 2014, 10:41:50 PM
Don't think stamp deals in euros? Can europeans even use it?

Bitstamp converts euros to dollars when you deposit (and the other way around when you withdraw). It's easy and fast to use from Europe (SEPA deposits take 1 business day typically), but you lose out on a little bit of currency-conversion costs, although Bitstamps bank isn't that bad in that regard with a EUR/USD spread of about 0.8%.

edit: Kraken is a great exchange to use. Their USD volume is crap, but for EUR users it's good. Deposit and withdrawals are fast (1 business day, though I've had the occasional same-day-delivery). Support is a bit slowish, but they are helpful.
Good to know. Already had a stamp account but never got around to verifying it. It's a lot of stuff they want. A bit too much really.


Title: Re: What are the remaining reliable exchanges?
Post by: not.you on February 18, 2014, 10:42:13 PM
In my experience all of the following exchanges are 100% reliable (in alphabetical order):


Title: Re: What are the remaining reliable exchanges?
Post by: Boussac on February 19, 2014, 10:31:40 AM
Right now the only exchange I still trust enough to use is Kraken, but a few more options would be nice. Especially something with a little higher volume (though that is not too important). Both to spread risk and for the occasional arb. I'm european (denmark), so can't use american-only exchanges.

By reliable I mean no delays on withdraws in either form, SEPA going through on time and preferably ones that didn't close down during the mal thing. Anyone got recommendations?
To my knowledge, bitcoin-central.net is still the only exchange where you send euros to an account that belongs to you, not to the exchange.
Any other way to deal with fiat deposits is against the European Directive on Payments: non compliant exchanges can be shut down at any time.

Also, in the new version of the site, as of last october, we are storing 100% of bitcoin deposits in cold storage.


Title: Re: What are the remaining reliable exchanges?
Post by: Nagle on February 19, 2014, 08:17:17 PM
In my experience all of the following exchanges are 100% reliable (in alphabetical order):

[blank]
Agreed. Keep no funds in any exchange for more than 24 hours.


Title: Re: What are the remaining reliable exchanges?
Post by: RodeoX on February 19, 2014, 08:18:27 PM
Campbx might be an option if you are in the U.S.


Title: Re: What are the remaining reliable exchanges?
Post by: quone17 on February 19, 2014, 08:21:02 PM
I had major problems with CampBX lately and I've heard the same from others.  I have had good success with CoinMKT but frankly the liquidity stinks on there.


Title: Re: What are the remaining reliable exchanges?
Post by: rmines on February 19, 2014, 08:22:58 PM
In my experience all of the following exchanges are 100% reliable (in alphabetical order):

[blank]
Agreed. Keep no funds in any exchange for more than 24 hours.

Not the smartest advice I read in this topic.
If you're trading small amounts of fiat like me, you'll nearly lose the profit you made paying for the withdraw fees..


Title: Re: What are the remaining reliable exchanges?
Post by: RodeoX on February 19, 2014, 08:26:20 PM
I had major problems with CampBX lately and I've heard the same from others.  I have had good success with CoinMKT but frankly the liquidity stinks on there.
They have not been flawless in my experience either. The benchmark for "reliable" is a low one in the bitcoin economy right now. Sad.
Eventually a professional exchange will come along and eat everyones lunch.