Bitcoin Forum

Hi!
Does anyone knows how safe bitfinex is for storting your bitcoins and giving swaps for around 0.01% a day for a few years?

No exchange is a safe place to store your coins. Keep the money there only when trading.

I can get an intrest rate on bitcoin (I offer swaps for CFD's), 3.7% a year is a nice intrest rate which I expect I could have there

Chances are within the next year the exchange will suffer a "hack" and the coins will be gone.

Well, bitfinex claims that most of their bitcoin is in cold storage. No body knows how safe is it other then the CEO...

I use bitfinex to lend on margin, no problems so far though I keep amounts small to minimise my risk.
Caveat emptor

Its consider safe, it bitfinex have been running for quite some time. But there is still risk so don't put everything that you own..

Yes, I know there is some risk, but also some opportunities.
Then the questions rises, how big is the risk bitfinex closes within 1 month? lower than 0.3% Then it's fine for me to invest a big amount of btc there.

as long as the website has multiple security at the time of login and registration, I think the website is relatively safe, but of course all should be tried first. whether it is really safe or not, you do not have to put your bitcoin into the website in large numbers, try small amounts first, so if there is anything on the website then you will not be too lose ...  ::)

now i have 2 btc there (0.1-0.2 btc annually probably) but still doubting to deposit more there

This are big chances, so this interest rate is nowhere worth the risk

Coins are kept in a cold storage so this is bullshit, but maybe there is a risk they just close the site and run away with everything, I don't know how large this risk is.
With USD I can get 24%, this would be worth the risk?

Nothing is safe especially when it comes to untraceable fraud.

It depends on if you think the risk they will end up either getting hacked (and having all their money stolen) or running away with customer money by the time you withdraw your money is less then 24%. If you can reasonably conclude that the chances of this happening are less then it is a good idea to hold your money there, if you think the chances are greater then 24% then you should not keep your money with bitfinex

You will soon be able to insure your exchange balance using the bitsurant platform.

http://www.bitsurant.com/

you should store your bitcoins on your local desktop/laptop
send them to exchanges when you want to trade

absoluty right! even the most secure can go bust! i lost some btc on MTgox, that was the biggest and most secyre exchange and just died.

I also got burnt by mtgox, so think twice before leaving your BTCs on some exchange  :-\

You should keep BTC on own wallet. use exchange only when it is necessary.  ;) ;)

thanks for all your reactions.
I don't have any btc online anymore  :D

Safest is a paper wallet ;).

indeed, unless you lose that paper  :D