What kinds of exchanges do you think are trustworthy?

[Huobi-USD]

What kinds of exchanges do you think are trustworthy? Good reputation? Professional R&D team? Get BitLicence? If you value the security, such as AML/KYC verification, What extent of  KYC process can you accept?


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[1715267050]

1715267050

[OmegaStarScream]

Exchanges defeats the whole purpose of Bitcoin in my opinion , because most of people use Bitcoin because it's annonymous then exchanges come and ask you for your ID and passport and those kind of shit ... so yeah they are useless if you ask me .

[Huobi-USD]

Exchanges defeats the whole purpose of Bitcoin in my opinion , because most of people use Bitcoin because it's annonymous then exchanges come and ask you for your ID and passport and those kind of shit ... so yeah they are useless if you ask me .

So you'd rather choose those exchanges without verification?

[jacktheking]

Exchanges defeats the whole purpose of Bitcoin in my opinion , because most of people use Bitcoin because it's annonymous then exchanges come and ask you for your ID and passport and those kind of shit ... so yeah they are useless if you ask me .

So you'd rather choose those exchanges without verification?

If your answer is yes to Huobi-USD question, check OKCoin. They dont ask for too much personal information. I use them because they did not defeat the purpose of Bitcoin - anonymous.

[Amph]

Exchanges defeats the whole purpose of Bitcoin in my opinion , because most of people use Bitcoin because it's annonymous then exchanges come and ask you for your ID and passport and those kind of shit ... so yeah they are useless if you ask me .

So you'd rather choose those exchanges without verification?

If your answer is yes to Huobi-USD question, check OKCoin. They dont ask for too much personal information. I use them because they did not defeat the purpose of Bitcoin - anonymous.

better to look for something else, there are numerous user reporting fake volume and fishy/scammy things about ookcoin

look at coinimal if you want exchange without id

Exchanges defeats the whole purpose of Bitcoin in my opinion , because most of people use Bitcoin because it's annonymous then exchanges come and ask you for your ID and passport and those kind of shit ... so yeah they are useless if you ask me .

they also help fiat, because many are just going there to dump, not even trading

[OmegaStarScream]

Exchanges defeats the whole purpose of Bitcoin in my opinion , because most of people use Bitcoin because it's annonymous then exchanges come and ask you for your ID and passport and those kind of shit ... so yeah they are useless if you ask me .

So you'd rather choose those exchanges without verification?

Which are ? I never heard of Exchange that don't use any kind of Verifications , the most famous one and legit one like LocalBitcoins do use Verifications .
I personally don't use any Exchanges at all , when I want to trade , I simply post on a forum (here or another forum) and trade to the currency and rates that I want to . It's a better way if you ask me .

[gkv9]

I already had a thread about this, and according to my conclusions based on people's opinions, I would say that most people would agree that none of the exchanges are trustworthy to be ever put your BTC in...

Yes, you can have them to trade, but never leave them with exchanges, this is what everyone said...

[Huobi-USD]

Exchanges defeats the whole purpose of Bitcoin in my opinion , because most of people use Bitcoin because it's annonymous then exchanges come and ask you for your ID and passport and those kind of shit ... so yeah they are useless if you ask me .

So you'd rather choose those exchanges without verification?

Which are ? I never heard of Exchange that don't use any kind of Verifications , the most famous one and legit one like LocalBitcoins do use Verifications .
I personally don't use any Exchanges at all , when I want to trade , I simply post on a forum (here or another forum) and trade to the currency and rates that I want to . It's a better way if you ask me .

Maybe it's not exchange to some extent. I mean those websites where you can buy/sell BTC without registering. But it will cost much more fees.

[Xialla]

personal exchanges - what you meet somebody personally via localbitcoin and pay in cash.) and yeah, you can chat about bitcoin with somebody who knows it and learn something new..

[Herbert2020]

after all the scams and hacks that has happened over the years in different exchangers i don't trust any of them anymore. but what you gonna do!

i choose an exchanger that has a good reputation and nice volume and never keep large amounts there.

[Pursuer]

personal exchanges - what you meet somebody personally via localbitcoin and pay in cash.) and yeah, you can chat about bitcoin with somebody who knows it and learn something new..

but this way is no good for traders.
it is only good, even best way if you want to sell your bitcoin, but if you want to do regular trading like some people do and profit from trading you must use an exchanger

[gentlemand]

If there's my money on the line then I want - total transparency and proof of reserves, accountability, an identifiable team and, whisper it, regulation.

If I steal a pile of someone else's money I fully expect to be nailed to the wall for it. I expect the same for people who do it to me.

Those who want to remain in the wild west phase, well that hasn't really worked out for an awful lot of people.

When innocent customers are raped it's very easy to say 'exercise due diligence' or 'that's the free market in action'. No it ain't. It's stupidity and dishonesty in perfect combination. If it's you who's a victim you're going to be squealing just as loudly as anyone else.

[NorrisK]

If there's my money on the line then I want - total transparency and proof of reserves, accountability, an identifiable team and, whisper it, regulation.

If I steal a pile of someone else's money I fully expect to be nailed to the wall for it. I expect the same for people who do it to me.

Those who want to remain in the wild west phase, well that hasn't really worked out for an awful lot of people.

When innocent customers are raped it's very easy to say 'exercise due diligence' or 'that's the free market in action'. No it ain't. It's stupidity and dishonesty in perfect combination. If it's you who's a victim you're going to be squealing just as loudly as anyone else.

Do you ask for proof of deserve for your bank? Ofcourse, it is easy to move funds every once in a while to prove it, but still..

I want an exchange that discloses all information about the owner and any registration numbers in the country they are, just like a regular business.

[gentlemand]

Do you ask for proof of deserve for your bank? Ofcourse, it is easy to move funds every once in a while to prove it, but still..

I want an exchange that discloses all information about the owner and any registration numbers in the country they are, just like a regular business.

Banks are insured up the arse. I stick money into them knowing that if they do a runner that money will be returned. There's no point in risking everything you have for 0.5% interest.

If I gave them money purely on the basis of their own say so then I'd put tags on every exec's ankle and park a tank outside their HQ.

[1Referee]

If there's my money on the line then I want - total transparency and proof of reserves, accountability, an identifiable team and, whisper it, regulation.

If I steal a pile of someone else's money I fully expect to be nailed to the wall for it. I expect the same for people who do it to me.

Those who want to remain in the wild west phase, well that hasn't really worked out for an awful lot of people.

When innocent customers are raped it's very easy to say 'exercise due diligence' or 'that's the free market in action'. No it ain't. It's stupidity and dishonesty in perfect combination. If it's you who's a victim you're going to be squealing just as loudly as anyone else.

I wish all exchanges listed proof of their reserves on their site. So far to this date still not every exchange have done this, which is quite sad.

Regarding OP; I don't trust any exchange. It doesn't matter how insured the exchange is. I will always keep my coins in my offline wallet.

[gentlemand]

I wish all exchanges listed proof of their reserves on their site. So far to this date still not every exchange have done this, which is quite sad.

Regarding OP; I don't trust any exchange. It doesn't matter how insured the exchange is. I will always keep my coins in my offline wallet.

http://blog.coinfloor.co.uk/post/119867570116/provable-solvency-report-14-may-2015

Not a big exchange by any means, but a much more encouraging effort than most of them.

[BillyBobZorton]

I used to be on Poloniex, until they got buttfucked by Fincen by forcing people to give their real details. So I am back into a lot of different exchanges and using those as long as they dont pull a Poloniex too.

[jonald_fyookball]

Do you ask for proof of deserve for your bank? Ofcourse, it is easy to move funds every once in a while to prove it, but still..

I want an exchange that discloses all information about the owner and any registration numbers in the country they are, just like a regular business.

Banks are insured up the arse. I stick money into them knowing that if they do a runner that money will be returned. There's no point in risking everything you have for 0.5% interest.

If I gave them money purely on the basis of their own say so then I'd put tags on every exec's ankle and park a tank outside their HQ.

Proof of reserves are meaningless with fiat as its a debt instrument.  Iow, a bank can always say they "have" the money in another account,  or with another bank, which is all just numbers in a database.   so, p.o.r. only applies to scarce assets like bitcoin.

[gentlemand]

Proof of reserves are meaningless with fiat as its a debt instrument.  Iow, a bank can always say they "have" the money in another account,  or with another bank, which is all just numbers in a database.   so, p.o.r. only applies to scarce assets like bitcoin.

As long as other people accept those restored imaginary numbers so I can pay for food to shove down my gullet, that'll do for now.

[Trent Russell]

I used to be on Poloniex, until they got buttfucked by Fincen by forcing people to give their real details. So I am back into a lot of different exchanges and using those as long as they dont pull a Poloniex too.

I was fortunate enough not to have any coins on Poloniex when it happened, but was still unhappy about it.

I don't trust exchanges, and don't think I should have to. I've been thinking lately about how something like a decentralized exchange could operate. I just wrote it up on a separate thread if anyone's interested.

https://bitcointalk.org/index.php?topic=1078338

It seemed more appropriate as a separate thread than as a monster reply on this thread.

[Beefcake]

I think it depends on what you are looking for in an exchange.  Coinbase is good for beginners and easy to use.  Bitrex has a ton of altcoin options.  Kraken is new but looks solid, but also requires lots of ID use.  There are so many options.  I would suggest just looking at their website, you can find them through google.  Then when you find one that meets your needs search in this forums for their discussion threads.  Or use google to search the forum if the search feature here is still broken.

[fdylstyx]

I joined Poloniex a week or so before they sprung the reg compliance demand with just a couple days notice to pack your bags and leave.

At a $2000 US cap a day I was quite comfortable giving my name and Country to comply. If I ever accumulate that kind of money, and I am making gains as I learn, I'll also move it to my offline wallet. There are no guarantees when it comes to playing the alt trading game.


Beats hell out of Monopoly ;-)


  

[Paul Revere]

Here is an example of an exchange that is NOT trustworthy, just for reference.

https://bitcointalk.org/index.php?topic=1000505.msg11515905#msg11515905

Run by some guy called "Coldcoiner" from the Hastalk Paycoin forum, and has a couple of sock puppets here named TNTswap and Wunkbone. He constantly screws up and forgets which sock he is posting as.

Here are some red flags with TNTswap:

1. Located in India
2. Owner(s) refuse to identify themselves
3. Is aimed primarily at trading Paycoin and his new Paycoin clone "TNT", which he owns all of at this time.
4. The "exchange" consists of single wallet addresses that customers deposit coins into, and then send an Email explaining which deposits are theirs ( I am not making this up)
5. The address for depositing Paycoin is actually a Cryptsy address. He says this is because the Paycoin QT wallet does not function correctly. Again, I am not making this up.
6. The person running this is extremely mentally unstable and goes off on tyrades when people ask questions.

The list goes on, but I think you get the picture. There are about a dozen threads here filled with this guys lunatic ravings about TNT coin and TNTswap.

[ticoti]

BTC-e is the oldest and it has not given any kind problem to his users
I usually use it

[Amph]

i guess only the top 5 exchanges, remove lakebtc(never tried it, it could be ok) and put localbitcoin instead

https://bitcointalk.org/index.php?topic=695082.0

but then from these top five, only kraken and btc-e were never compromised ever once(on localbitcoin there was a bad story about a trusted member that has scam once, probably an hacked account)

[Huobi-USD]

i guess only the top 5 exchanges, remove lakebtc(never tried it, it could be ok) and put localbitcoin instead

https://bitcointalk.org/index.php?topic=695082.0

but then from these top five, only kraken and btc-e were never compromised ever once(on localbitcoin there was a bad story about a trusted member that has scam once, probably an hacked account)

Thanks for sharing this thread. Though there is something about Huobi need to update, we are glad to see that Huobi is on the list. BitYes is Huobi's BTC-USD platform and ranked as one of the TOP5 USD exchanges now. More info : www.bityes.com

[AlgoSwan]

BTC-E is cool. It would be cooler if they find a way to accept paypal as a funding method!

[real789]

What kinds of exchanges do you think are trustworthy? Good reputation? Professional R&D team? Get BitLicence? If you value the security, such as AML/KYC verification, What extent of  KYC process can you accept?


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are you have plan to add new coin ?
like stellar XMR BTS ?

more market more volume  and more profit

[Huobi-USD]

What kinds of exchanges do you think are trustworthy? Good reputation? Professional R&D team? Get BitLicence? If you value the security, such as AML/KYC verification, What extent of  KYC process can you accept?


【Now on BitYes(Huobi-USD): Lucky draw to win BTC! 100% chance to win!】
Learn more:
https://www.bityes.com/topic/lucky_draw?utm_source=bitcointalk&utm_medium=forum&utm_term=overseas&utm_content=funtopic&utm_campaign=trustworthyexchange&activity_id=344

are you have plan to add new coin ?
like stellar XMR BTS ?

more market more volume  and more profit

Not for now. Now we have bitcoin and litecoin.