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Author Topic: where do you trading btc/usd now? after bitfinex...  (Read 2800 times)
Taki
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August 07, 2016, 09:24:44 AM
 #21

I do not trade anywhere, but all my savings are on Yobit now. That is the same kind exchanger as Bitfinex and others. After the story with Bitfinex I am thinking to cash out my money, just waiting for the course of bitcoin will grow, at least on the same level like it was before Bitfinex hacking.
GreenCoin22
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August 08, 2016, 02:20:32 AM
 #22

after bitfinex down/hacked/stolen, not sure whether it is also an inside job, but I am frightened

when I see the volume of btc/usd, https://coinmarketcap.com/currencies/bitcoin/#markets

LakeBTC, CoinBase(GDAX), and Bitstamp are the biggest three, Bitstamp I have known much, they were also down/hacked/stolen last year, and also lost tens of thousands of Bitcoin from customers; LakeBTC I have also known much, their withdrawal are not very good in fee and speed, although the deposit is free and fast.

so could anyone introduce a better exchange to do btc/usd trading? or share you experience on LakeBTC, CoinBase, and Bitstamp.

any experience will be grtaeful, thanx firstly
When you speak of exchanges,you don't really have to rely on the fact they're a bank and your wallet is a savings account.Even though they function the same,it's very likely they can steal your coins whenever the want to.Keeping all your money in an exchange wallet is simply against the bitcoin rules.By far the most safest trading I have come across is LBC ,localbitcoins,their services are cloudfliare which dynamically reduces 70% of the attack chances.I'm surprised you have never traded there.BItfinex does seem like an inside job since finding the exploits starts with an employee passing confidential information to third party.

LB's price is pretty bad, and its trading is not real time, usually you have to complete one trade with one person, then you can start another trade with another person.
gilangIDR
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August 08, 2016, 06:18:13 AM
 #23

I recommend bitstamp as the best option. bitstamp trading at a very comfortable and safe. I spent all bitcoin I have here. bitstamp hopefully be better in comparison bitfinex.
Herbert2020
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August 08, 2016, 07:08:57 AM
 #24

after bitfinex down/hacked/stolen, not sure whether it is also an inside job, but I am frightened

when I see the volume of btc/usd, https://coinmarketcap.com/currencies/bitcoin/#markets

LakeBTC, CoinBase(GDAX), and Bitstamp are the biggest three, Bitstamp I have known much, they were also down/hacked/stolen last year, and also lost tens of thousands of Bitcoin from customers; LakeBTC I have also known much, their withdrawal are not very good in fee and speed, although the deposit is free and fast.

so could anyone introduce a better exchange to do btc/usd trading? or share you experience on LakeBTC, CoinBase, and Bitstamp.

any experience will be grtaeful, thanx firstly
When you speak of exchanges,you don't really have to rely on the fact they're a bank and your wallet is a savings account.Even though they function the same,it's very likely they can steal your coins whenever the want to.Keeping all your money in an exchange wallet is simply against the bitcoin rules.By far the most safest trading I have come across is LBC ,localbitcoins,their services are cloudfliare which dynamically reduces 70% of the attack chances.I'm surprised you have never traded there.BItfinex does seem like an inside job since finding the exploits starts with an employee passing confidential information to third party.

LB's price is pretty bad, and its trading is not real time, usually you have to complete one trade with one person, then you can start another trade with another person.

LocalBitcoins is not an exchanger it is a public place that people meet to buy or sell bitcoin with each other. in order to trade bitcoin/usd as a day-trader you need an exchange site like bitfinex that went down.

the replacement can be bitstamp, kraken, c-cex but they also have the same risks. i currently use btc-e

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
Nrcewker
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August 09, 2016, 02:36:20 AM
 #25

here you may easily be misled public opinion, many people are network pushing hands

you just compare their history, reputation, security, volume and others, then which one is better you can see

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LakeBTC
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August 11, 2016, 07:26:17 AM
 #26

after bitfinex down/hacked/stolen, not sure whether it is also an inside job, but I am frightened

when I see the volume of btc/usd, https://coinmarketcap.com/currencies/bitcoin/#markets

LakeBTC, CoinBase(GDAX), and Bitstamp are the biggest three, Bitstamp I have known much, they were also down/hacked/stolen last year, and also lost tens of thousands of Bitcoin from customers; LakeBTC I have also known much, their withdrawal are not very good in fee and speed, although the deposit is free and fast.

so could anyone introduce a better exchange to do btc/usd trading? or share you experience on LakeBTC, CoinBase, and Bitstamp.

any experience will be grtaeful, thanx firstly

Thanks for the attention, but LakeBTC is the only one exchange which has not been stolen/hacked, we take security seriously with user' funds, every withdrawal request will be separately audited by two staff on LakeBTC, including BTC withdrawal.

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mobnepal
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August 11, 2016, 10:57:08 AM
 #27

We actually need decentralized trading platform to be fully secured from hacking and fee issues but till date no any large volume platform has been created but i know about bitsquare which is in operation and also updating regurarly but with low volume.

But for now, Better to put your bitcoin in different exchanger rather than all in one exchanger to minimize the loss in case of similar hack event in future.
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August 11, 2016, 11:03:23 AM
 #28

Same as always: btc-e.com

They raised the trollbox price to 1000$ and i am mad about it but i guess i can live without trollbox. Since I use them for 3 years without a problem... That doesn't mean they are immune to hackers tho. They may be the next target who knows... Just withdraw your money when you reach a certain amount and you will be fine. Tbh, I wouldn't hold more than 1000$ there.

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TGD
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August 12, 2016, 06:25:18 AM
 #29

Actually I never heard and try bitfinex before it will hacked, there is more good exchanger there just be alert always and don't put all your money with only one exchanger. so if the times come that other exchange hacked too like what happened to bitfinex  you always prepared, by the way I'm not trade  btc to usd there is a lot more good to trade in exchanger ,you can find it there is much more good to trade than usd I also trade btc to my local currency of course.

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talkbitcoin
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August 12, 2016, 01:18:23 PM
 #30

Actually I never heard and try bitfinex before it will hacked, there is more good exchanger there just be alert always and don't put all your money with only one exchanger. so if the times come that other exchange hacked too like what happened to bitfinex  you always prepared, by the way I'm not trade  btc to usd there is a lot more good to trade in exchanger ,you can find it there is much more good to trade than usd I also trade btc to my local currency of course.

that is because you have never been a trader, or at least you haven't been trading bitcoin/fiat pair that much.
if you did you would have known one of the biggest bitcoin exchanges out there with a very large volume.

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August 12, 2016, 04:23:56 PM
 #31

Well, this time I was resting on the trading BTC / usd. Well, so much work in the real world so I have been forced to leave the business. but I will be back trading, despite the adverse effects caused by bitfinex. yeah, but I think it will never dampen the spirits of traders
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August 12, 2016, 04:33:54 PM
 #32

Well, this time I was resting on the trading BTC / usd. Well, so much work in the real world so I have been forced to leave the business. but I will be back trading, despite the adverse effects caused by bitfinex. yeah, but I think it will never dampen the spirits of traders
Did you lose any bitcoins in the process ? If yes,how much ? As long as stuff is digitally done,it will always be prone to vulnerabilities.Someone people just want to watch the world burn.Its completely fault of the platform of your choice to not care about those vulnerabilities.I'd guess bitfinex should refund their customers and continue with the site.
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August 12, 2016, 04:38:32 PM
 #33

I do not trade anywhere, but all my savings are on Yobit now. That is the same kind exchanger as Bitfinex and others. After the story with Bitfinex I am thinking to cash out my money, just waiting for the course of bitcoin will grow, at least on the same level like it was before Bitfinex hacking.

what? you are thinking to cash out all your savings from yobit? you shouldn't be thinking, you should act now and get your coins back to your own wallet. i don't even know why you still haven't done it once you heard bitfinex is hacked. isn't that reason enough to move your coins away from exchanges directly?
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August 17, 2016, 06:47:42 AM
 #34

Traders keep their funds secure by spreading them on different exchanges like cex.io, kraken, bittrex, poloniex etc. Yobit might not be the only exchange he uses.
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August 17, 2016, 12:34:54 PM
 #35

That ain't secure, that's preventing total destruction by betting not everyone'll go down at the same time.

If you want usd and margin there ain't mamy options. Btce, maybe bitmex and I'm not sure where else. That's why bitfinex is gonna be back no matter what weirdness they pull.
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August 17, 2016, 01:27:02 PM
 #36

Traders keep their funds secure by spreading them on different exchanges like cex.io, kraken, bittrex, poloniex etc. Yobit might not be the only exchange he uses.

It might be safe for short time. but the thing I'm sure won't last long in time, because I see all the trading sites would not survive if they already don't have customers or they do not provide specific safeguards against heat wallet they had. So keep your main money into personal wallet
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August 17, 2016, 05:19:12 PM
 #37

Currently I am only on Yobit and investing on those altcoins, which I come to know that this coin is going to multiple thousands percent, and after that when I will have a bigger amount of capital I will start to trade to bigger exchanges.

and Luckily I do not have any account on bitfinex.
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August 19, 2016, 02:26:24 AM
 #38

BTC-e and LakeBTC are reliable
many people criticize them, but indeed they never had security problems in funds.
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August 19, 2016, 03:53:55 AM
 #39

after bitffenex problem
iam trading USD/BTC , in huobi, BTC-e and okcoin .com
in there volume transaction is equal and same bitfinex, so is no problem about bitfinex problem
much alternatif market exchanger another bitfinex
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August 19, 2016, 04:01:27 AM
 #40

i am lucky that before also i never traded at bitfinex.Because i am from country where btcxindia is running pretty good and a really good exchange for me.So i always traded there because they had a really good service with phone support so always traded my bitcoins there.
But yes after Bitfinex hack its really hard to trust any other exchanges.
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