Which exchange is most robust, trustworthy? [POLL]

[Amitabh S]

I'm interested in BTC/anything as I'm mostly interested in selling and buying BTC and never intend to take fiat out, so it doesn't matter if its USD/EUR/CAD/etc.

Take all factors into consideration: security, scalability, usability.

EDIT: Since I made this poll, two important developments:

Bitcoin-24.com shutdown on Friday. Funds seem to be stuck.

Btc-e.com users are having trouble withdrawing coins.

Please read the entire thread before choosing an exchange.

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[davidpbrown]

Vircurex is another. Can we not vote for two - I'd suggest also MtGox despite everything I'm not in for quick profit, so don't mind noobs loosing to HFT leeches.

[Amitabh S]

Added Vircurex. Not sure if its possible to vote more than 1. But I think, it will also dilute the results.

[davidpbrown]

Tick boxes would allow more than one vote. Those voting for more than one dilute their own vote; overall the voting balances, if there are enough votes.

[NABiT]

Maybe a second poll, "who is your backup exchange?"

Everyone needs a backup exchange now.

[Crazy]

Thanks for this poll, hope to get some meaningful answer from this so will be following.

[davidpbrown]

Perhaps should encourage people to reply with their experience of these too.

for me
MtGox is good all round, except for their capability to deal with HFT/ddos and their communicating what is going on in a timely manner.
Vircurex good for movement between coins types but could do with growing and would be more use with GBP deposits.

the only other I've seen is BTC-e - to me looks like the 4chan of exchanges with a chatter troll box you can't get rid of; perhaps Russians like that noise..

[stephwen]

bitcoin.de because it doesn't rely on one single centralized bank account, but is really peer to peer.

[BTCLuke]

Who cares anymore?

The real problem happens because people want an exchange that has lots of trading volume to trade with... Which always creates a central point of failure.

Bitcoin's success as a currency absolutely depends on there being no central point of failure.

Exchanges as we know them are unacceptable.

[davidpbrown]

That might be the case for the future, but while the currency draws wealth into it and while it finds stability, it doesn't really matter how that happens. Exchanges will be subject to those looking to leverage a quick profit.. but really who day-trades currencies.. I've little sympathy for those who jump in and out quickly, whether they get lucky or get stung.

Buy; Hold; and Spend - with a disregard for the value against other currencies.

[dutt]

I trust MtGox with my money, but not really in being able to use them propoerly. The other exhanges all work, but I don't really trust them with my money so...

[Kluge]

I'm fond of BitFinex ATM. Reserves can hang out and earn interest while they're waiting for the next opportunity.

[Amitabh S]

Is Bitcoin.de a true exchange? It seems more like localbitcoins. I could not find a way to do instant transactions (sell BTC). You got to wait for someone to send money to your account.

[Amitabh S]

Bitstamp is clearly looking a winner right now. I have used them a few times in the past, and their interface is also the smoothest. Only issue is that the rates are much worse (for selling) than MtGox or others (thats the price you got to pay for being the best).

[Amitabh S]

Note Bitcoin-24 is not functional anymore.

[Keninishna]

I just had my btc-e account hacked and lost 3600$ in btc.    Gox seems to be the most secure.

[Amitabh S]

MtGox is too opaque. When sending coins to them, there is no way to figure out whats going on. We just have to wait. (They do appear after some time). They should also show us the list of addresses previously used. Is there any logic in hiding them?

[sd]

None of them are safe. They are all examples of centralization and suffer from all the ills that brings. BitCoin was designed to be better than that.

Trade on a market like bitcoin.de. All they do is match orders and escrow the BitCoins. Even better stop the speculative trading and use BitCoin as a currency. Charge people for your goods and services in BTC and buy things with BTC.

[MashRinx]

include CampBX.com ?  No personal experience.

[🏰 TradeFortress 🏰]

Gox is most secure.