Bitcoin Forum

Stamp volume is down and BTC-e is nearly above stamp, finex has gone through the roof. 

https://i.imgur.com/TAy5918.jpg

In other news, about time stamp added Litecoin isnt it?

Stamp fucked up with the hack. OKcoin fucked up with the greed. Now finex and btcchina are the players.

Stamp has offered only very basic trading tools, for way too long.

...and then they started the 20 Questions 'interrogate your customer' bullshit everytime you wanted to transfer 50p over to your Bitstamp account.


I remember clearly the point where I decided that I had had enough of them and wasn't going to use them anymore. With them actually being the only Bitcoin exhange that I didn't think was hooky as fuck, I also remember speculating what effect Bitstamp's KYC procedures might have on the Bitcoin price.

It must be good news for other new and existing exchanges who want to pick up customers.  Stamp seems to be about 50% down at a rough guess.  Good news for the traders aswell, as the post above state they have been getting lazy.

Good news for coinbase indeed and good term for their launch (after bitstamp problems). But i belive that bitstamp will get most of their customers back, if not the old ones then new ones will come and take their place.

Same feeling. BitStamp's offering is not so interesting anymore.

New ones are fine, sharing the current ones right now is healthy for the eco system.  Who knows.... we could be sideways for another year or something crazy and bitstamp offers the worse trading fees also.

What is the name of that new exchange by coinbase?

Its called coinbase i think lol.  Are you talking about the winklevoss twins new one? gemini is the name of that.

I never new bitfinex was up there.  I always thought it was lower on the pole. 

The real biggest exchanges are huobi and bitfinex. Btcchina is 95% fake, probably by the operators.

stamp is annoying with all verification things and they neglect the security of the site.

Why would anyone want to use it?

I thought the true biggest china exchanges went as follows:

okcoin
btcchina
huobi

Well, I may be wrong.

I definitely dont believe the volume on Okcoin, or BTCChina. Only huobi's volume matches the orderbook.

OKCoin orderbook is hilarious. Either the traders there are just odd, or... I mean, its the fakest looking thing.

i am not sure if putting your stuff into amazon cloud is actually really security. i personally would not keep any sensitive data on someone else's hardware .

Any update on the whole bitstamp 'hack' fiasco, and if they've started to pay back customers?

Just seems like the entire cryptorush debacle all over again...no way will people trust them so their business goes down and thus they never pay back customers.

Stamp have nothing to payback to customers!, they took the hit from the theft from their own reserves. Customer fiat and BTC were unaffected and withdrawals continue as normal and are dealt with promptly.

As for all the whinging about KYC. I provided the normal proofs of ID and residency when asked on setting up my account and have never had any grief from them since on either deposit or withdrawal of fiat or BTC.

I suppose shady, tax dodging druggies like matthepratt & Co. just like staying under the radar and bitch about any KYC at all  ;)

Huobi and Bitfinex run things.

what about as regard litecoin, BTC-e runs things outside of china? why doesnt finex?

http://media.tumblr.com/tumblr_lthaxoA1zW1qk8jbu.gif

Let's see the time that's going to need BTCe to beat Bitstamp.
It seems that since the famous Bitstamp problems no-one wants to take risks and lose money  ;D

When gox died it was the next best thing for anyone in the UK in my experience. Fast to deposit and withdraw both BTC/Fiat.

I don't know what the KYC issue is. Yeah I felt a bit sketchy emailing scans of passport and stuff to them, but once I did nothing ever got questioned since. Maybe its cos I was only transferring 40p at a time... ;)

Alright,lol, thanks.  I thought for a moment that I was missing some subtext here with respect to that coinbase exchange but I'm not.  :)

never.

Litecoin can't appear on bitstamp, and lakebtc

change is coming in the west.  soon everyone not hiding their stash (legally) will trade on us exchanges.

coinbase still closed to not US people.

and kraken is not the biggest exchange around.

Also most people don't trust US gov, with good reasons

I dont know how well any government would perform dealing with some kind of bitcoin exchange catastrophe.  Japan is supposed to be a good government yet look how they've dealt with the mtgox case.  We've had 200k bitcoins of customer funds sat doing nothing while the price has dropped all last year costing people even more.

When there is little to no verification people aren't happy.

When there is a high level of verification it is still not right according to the same people.

I am a happy Bitstamp customer for some years now regardless of how annoying their verification system is.

My account was activated in just 1-2 days because I've sent all the things right and asking for support, too.
Anyway, they're now too rigurous with the quality of all scanned documents IMO.  :-\

I don't think this has anything to do with Stamp going belly-up, but rather with people still being uncomfortable with keeping money there for the time being. As soon as they've successfully completed a legit audit and some time has passed their volume will go up again!

stamp is not going belly up!  they came forward and said they lost less than 10% of their coins.  they can earn that balance back within a few months on trading fees.  the worst case scenario for them would be a "bank run" and due to low confidence no volume in which case they would become insolvent with no way to recover.

Yeah I was trying to say that they're not going belly-up! That didn't come through, I guess... It wasn't a small loss, but I also think they're legit and do have enough spare BTC or FIAT left to back all their customers' balances.