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Title: Which exchange can be seen as the most secure one for funds? Post by: SebastianJu on November 21, 2014, 10:23:56 PM I wanted to ask what exchanges you think are the most secure ones. If MtGox would still exist i guess most would say its the most secure one though we know it wasnt. So im interested in exchanges that are coded secure most probably, maybe work from the coders are known, exchanges that have a solid ceo, and maybe arent in a country with risks. For example btc-china seems to be the biggest exchange and i guess its best for trading. Unfortunately its in china and personally i see the risk that at one point in time the chinese government takes them down for whatever reason. Next biggest one seems to be bitfinex. They have shorttrading and more. Is it risky for the exchanges funds that this is implemented?
And so on. What do you think? What exchanges hold possible risks that can be seen? Title: Re: Which exchange can be seen as the most secure one for funds? Post by: TheButterZone on November 21, 2014, 11:20:31 PM Any exchange that exclusively controls private keys holding "your" BTC cannot be seen as "the most secure", let alone "secure". That is every exchange.
Title: Re: Which exchange can be seen as the most secure one for funds? Post by: rammy2k2 on November 21, 2014, 11:50:39 PM Well, i can clearly say there is a risk with btc-e . No one knows who owns the site, they are anonymous.
Knowing that, dont u feel they are unsecure ? Title: Re: Which exchange can be seen as the most secure one for funds? Post by: SebastianJu on November 22, 2014, 02:12:30 PM btc-e sounds definitely insecure then.
I know that every exchange means a risk because they hold the coins at least. Though risks can be lowered when the persons behind are really known, security is tight, support is responsive and so on. I see the risk of exchanges in general though they are needed not seldom. So i would like to see a risk evaluation of the biggest exchanges. I mean if you cant avoid then them its best to use the less risky ones. And to spread the risk use 2 or 3 ones so you cant lose everything if your exchange goes down. I know... a pretty dark view on the matter though i think its unfortunately a realistic one. Title: Re: Which exchange can be seen as the most secure one for funds? Post by: 1Referee on November 22, 2014, 02:24:31 PM Well, i can clearly say there is a risk with btc-e . No one knows who owns the site, they are anonymous. Knowing that, dont u feel they are unsecure ? I agree about that no one knows them, but that's not necessarilly a bad thing, regulators have lesser influence in this situation. But if the owners decide to run, then we are all lost as no one knows who they are. Then again, each exchange ceo or anyone else that can access the funds can run, and you'll never see them again. Title: Re: Which exchange can be seen as the most secure one for funds? Post by: montello on November 25, 2014, 09:22:22 AM I wanted to ask what exchanges you think are the most secure ones. If MtGox would still exist i guess most would say its the most secure one though we know it wasnt. So im interested in exchanges that are coded secure most probably, maybe work from the coders are known, exchanges that have a solid ceo, and maybe arent in a country with risks. For example btc-china seems to be the biggest exchange and i guess its best for trading. Unfortunately its in china and personally i see the risk that at one point in time the chinese government takes them down for whatever reason. Next biggest one seems to be bitfinex. They have shorttrading and more. Is it risky for the exchanges funds that this is implemented? None, just do your research and pick any old one that is at least 6 months old.And so on. What do you think? What exchanges hold possible risks that can be seen? |