is Bitfinex still trusted?

[ipanks]

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Well if you are doubt on bitfinex because of hacking issue, more better don't use their service and personality i am believe on them because they have fixed the bugs on their service.

somehow i am agree with densuj said and there is many good exchangers you can trade with like kraken, bitstamp, btc-e or else, but i think kraken is a good option for you. as long as you don't use all of your bitcoin in one exchanger then you are fine to go with trading, so you can trade with many exchanges.

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[pooya87]

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Well if you are doubt on bitfinex because of hacking issue, more better don't use their service and personality i am believe on them because they have fixed the bugs on their service.

somehow i am agree with densuj said and there is many good exchangers you can trade with like kraken, bitstamp, btc-e or else, but i think kraken is a good option for you. as long as you don't use all of your bitcoin in one exchanger then you are fine to go with trading, so you can trade with many exchanges.

btc-e is one of the oldest exchanges and is trusted but it is not better than others such as kraken. the only thing good about btc-e (in my opinion) is the fact that they are not asking for verification and also they have many different methods of fiat deposit/withdrawal that can be helpful to people in many different countries that can not or do not want to let their bank know they used a bitcoin exchange.

[virasog]

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Well if you are doubt on bitfinex because of hacking issue, more better don't use their service and personality i am believe on them because they have fixed the bugs on their service.

somehow i am agree with densuj said and there is many good exchangers you can trade with like kraken, bitstamp, btc-e or else, but i think kraken is a good option for you. as long as you don't use all of your bitcoin in one exchanger then you are fine to go with trading, so you can trade with many exchanges.

btc-e is one of the oldest exchanges and is trusted but it is not better than others such as kraken. the only thing good about btc-e (in my opinion) is the fact that they are not asking for verification and also they have many different methods of fiat deposit/withdrawal that can be helpful to people in many different countries that can not or do not want to let their bank know they used a bitcoin exchange.

No doubt, Bitfinex is the best and one of the oldest exchange but it was hacked last year and this made me lose my interest in this exchange. Ofcourse the people who lose their BTC there, will never ever store their btc again there.

[btcdiggingmaster]

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

If you don't like just don't hold your btc with them just withdraw the money and find out the best exchange which is more secure for your money, in my case i won't keep my btc in exchange when i want buy some altcoin i will transfer little amount of money to exchange.

[bitjoin]

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Make your own judgements. If you have to use an exchange then you take some risk with anyone.  I am still using finex fwiw, i like how the platform works and they are paying back debts over time.  Mostly just hold your coins offline if you can.

[genos]

 I can not be sure that bitfinex still trustworthy but from what I heard bitfinex have hacked it's right. So may be some part of people (traders) was loss their trust from bitfinex. They are worried about losing money. So to avoid bad results may be move another exchanger for a while until nice conditions comes back.

[pinkpanther03]

I cannot say if bitfinex still trusted, for what happened before as we all know by that time when bitfinex had an issue the price value of bitcoin is obviously get affected by it, but in the long the community still support the bitcoin. In fact the bitcoin community became more aggressive into it.

[onnz423]

Move only the amount you want to sell, don't store any funds at online services at all withdraw as quickly as possible because online services are way more vulnerable to hacks than an offline service or a wallet.

[X-ray]

I can not be sure that bitfinex still trustworthy but from what I heard bitfinex have hacked it's right. So may be some part of people (traders) was loss their trust from bitfinex. They are worried about losing money. So to avoid bad results may be move another exchanger for a while until nice conditions comes back.

The fact is bitfinex still the 2nd largest exchanger around the world it mean that the hacking is not make the traders lost trust against the exchanger but the opposite, the traders still put their trust to the site and still trading there as usual, it's because the exchangers keeping promise to give back the money which was lost,prove it, and the customers have more trust to the exchangers

[Edraket31]

There were issue with bitfines last year from then, I have not tried anymore in that exchange. Until now I am using poloniex and I am happy with that exchance. I've been using it for more than a year and not having any problem. Until now I don't hear any bitfinex that it is now trusted so I never waste my time.

[deisik]

Looks safe and trusted based on this reputation review:
http://www.scamfoo.com/site/bitfinex.com/

Most important facts:
1) The domain name was registered 4 years ago.
2) This site has a very good online popularity (38K Alexa rank)
3) This site uses an HTTPS secure connection (by GeoTrust Inc).
4) This site has an excellent (82/100) trustworthiness score.
5) The site is not blacklisted by any service

Do you know they had been hacked in early August 2016 and lost almost 120k bitcoins?

Regarding trust, you should not trust any exchange by default. So if you have to keep your funds there, keep only as much as you actually need for trading. Regarding Bitfinex specifically, I don't think they will ever regain their trust (what's lost is lost), this is a tough business and competitors are not sleeping. Look at what happened to Bter which had once been one of the largest altcoin exchange out there. Now it is a half-man half-exchange with fictitious volume and frozen order-books

[ArdiPrabowo]

thanks for the suggestions.

in which exchanges do you guys trade if not for bitfinex? bitstamp? btc-e?

so better way is to trade then transfer that amount quickly to a personal wallet instead?

bitfinex is not good
after hack is very low trust, because capital money client can't back

if comparation bitstamp and btc-e
about regulation bitstamp is good and above btc-e
if about easy use site and can take profit btc-e is good and many altcoin support in there

about withdraw use fiat money bitstamp is above btc-e

[Wind_FURY]

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Well if you are doubt on bitfinex because of hacking issue, more better don't use their service and personality i am believe on them because they have fixed the bugs on their service.

somehow i am agree with densuj said and there is many good exchangers you can trade with like kraken, bitstamp, btc-e or else, but i think kraken is a good option for you. as long as you don't use all of your bitcoin in one exchanger then you are fine to go with trading, so you can trade with many exchanges.

btc-e is one of the oldest exchanges and is trusted but it is not better than others such as kraken. the only thing good about btc-e (in my opinion) is the fact that they are not asking for verification and also they have many different methods of fiat deposit/withdrawal that can be helpful to people in many different countries that can not or do not want to let their bank know they used a bitcoin exchange.

I disagree with your statement. BTCe is in some ways better than Kraken. It is run and operated in the way of how Bitcoin services should be. It operates outside of any legal boundaries and anyone using the exchange is assured that no government department will come sniffing for their users information.

So you think Bitcoin exchanges are more protected because they are more legitimate just because they adhere to some laws? Then look at what happened to Bitfinex and Bitstamp. They were hacked for a combined amount of more than $10M stolen. Did the government help get back the stolen coins?

[pooya87]

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Well if you are doubt on bitfinex because of hacking issue, more better don't use their service and personality i am believe on them because they have fixed the bugs on their service.

somehow i am agree with densuj said and there is many good exchangers you can trade with like kraken, bitstamp, btc-e or else, but i think kraken is a good option for you. as long as you don't use all of your bitcoin in one exchanger then you are fine to go with trading, so you can trade with many exchanges.

btc-e is one of the oldest exchanges and is trusted but it is not better than others such as kraken. the only thing good about btc-e (in my opinion) is the fact that they are not asking for verification and also they have many different methods of fiat deposit/withdrawal that can be helpful to people in many different countries that can not or do not want to let their bank know they used a bitcoin exchange.

I disagree with your statement. BTCe is in some ways better than Kraken. It is run and operated in the way of how Bitcoin services should be. It operates outside of any legal boundaries and anyone using the exchange is assured that no government department will come sniffing for their users information.

So you think Bitcoin exchanges are more protected because they are more legitimate just because they adhere to some laws? Then look at what happened to Bitfinex and Bitstamp. They were hacked for a combined amount of more than $10M stolen. Did the government help get back the stolen coins?

actually it doesn't operate outside of any kind of legal boundaries, it is based in Russia and it will abide by Russian law and if they need to they will come sniffing for their users information and nothing can stop them.

and no following the law doesn't mean government is insuring anything about the exchanges. it only means they are following the law

and when i say kraken is better than btc-e, it is just my opinion and i am not comparing then based on security or insurance, but mostly based on the type of service they are offering and how they handle their site.

[Amph]

Looks safe and trusted based on this reputation review:
http://www.scamfoo.com/site/bitfinex.com/

Most important facts:
1) The domain name was registered 4 years ago.
2) This site has a very good online popularity (38K Alexa rank)
3) This site uses an HTTPS secure connection (by GeoTrust Inc).
4) This site has an excellent (82/100) trustworthiness score.
5) The site is not blacklisted by any service

Do you know they had been hacked in early August 2016 and lost almost 120k bitcoins?

Regarding trust, you should not trust any exchange by default. So if you have to keep your funds there, keep only as much as you actually need for trading. Regarding Bitfinex specifically, I don't think they will ever regain their trust (what's lost is lost), this is a tough business and competitors are not sleeping. Look at what happened to Bter which had once been one of the largest altcoin exchange out there. Now it is a half-man half-exchange with fictitious volume and frozen order-books

poloniex was also hacked long time ago, but it's still very operative, and many trust it inf act it is considered one of the best exchange now

so being hacked in the past doesn't make your exchange in backlist, it depend how the owner reedemed itself, if bitfinex refunded everything or a good portion it can be considered relatively trustable again

[deisik]

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Well if you are doubt on bitfinex because of hacking issue, more better don't use their service and personality i am believe on them because they have fixed the bugs on their service.

somehow i am agree with densuj said and there is many good exchangers you can trade with like kraken, bitstamp, btc-e or else, but i think kraken is a good option for you. as long as you don't use all of your bitcoin in one exchanger then you are fine to go with trading, so you can trade with many exchanges.

btc-e is one of the oldest exchanges and is trusted but it is not better than others such as kraken. the only thing good about btc-e (in my opinion) is the fact that they are not asking for verification and also they have many different methods of fiat deposit/withdrawal that can be helpful to people in many different countries that can not or do not want to let their bank know they used a bitcoin exchange.

I disagree with your statement. BTCe is in some ways better than Kraken. It is run and operated in the way of how Bitcoin services should be. It operates outside of any legal boundaries and anyone using the exchange is assured that no government department will come sniffing for their users information

I second that

So you think Bitcoin exchanges are more protected because they are more legitimate just because they adhere to some laws? Then look at what happened to Bitfinex and Bitstamp. They were hacked for a combined amount of more than $10M stolen. Did the government help get back the stolen coins?

I don't know the story behind Bitstamp (it seems to have happened long long ago) and how much got stolen there, but at Bitfinex the thieves stole around 72M dollars at the exchange rates that were effective back then. So it seems to be far more than 10M dollars. I remember I even created a thread here about whether 72M dollars would be enough to finance the development of a distributed decentralized exchange that would work over the Bitcoin blockchain and allow to completely get rid of the third party risks arising in such cases...

Most agreed that the amount would certainly suffice, but nothing has been done ever since then in this regard

[bitjoin]

I can not be sure that bitfinex still trustworthy but from what I heard bitfinex have hacked it's right. So may be some part of people (traders) was loss their trust from bitfinex. They are worried about losing money. So to avoid bad results may be move another exchanger for a while until nice conditions comes back.

The fact is bitfinex still the 2nd largest exchanger around the world it mean that the hacking is not make the traders lost trust against the exchanger but the opposite, the traders still put their trust to the site and still trading there as usual, it's because the exchangers keeping promise to give back the money which was lost,prove it, and the customers have more trust to the exchangers

If you check the value of BFX coin its a good barometer of how traders are judging the value of finex right now.  People can get .60 on the dollar its pretty decent considering it would take a few years to pay out in full.

[carlfebz2]

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Regarding on the hacking incident for sure lots of users have lost its trust to bitfinex for sure but there are still some user who still believe on them.If you asked me I wont use them since there are already past issues regarding on the security which means it might possible to happen anytime and I don't want to lost my bitcoin but the full decision would be yours since its your bitcoins btw.

[deisik]

I added some btc to Bitfinex but then I heard that it was hacked recently.

Is this exchange still trusted? What are your thoughts?

Regarding on the hacking incident for sure lots of users have lost its trust to bitfinex for sure but there are still some user who still believe on them.If you asked me I wont use them since there are already past issues regarding on the security which means it might possible to happen anytime and I don't want to lost my bitcoin but the full decision would be yours since its your bitcoins btw.

I second that too

If I'm not mistaken, Bter had been hacked twice. At first, some NXT coins had been stolen in 2014, then around 7K bitcoins in 2015, and now what? Regarding the Bitfinex BFX token and its rate, it didn't change much since they first introduced it. So this barometer doesn't show anything good for this exchange in the future. I guess they might easily manipulate its value and keep it artificially low. If it went to 1, many folks would happily kiss goodbye to this exchange selling their tokens and withdrawing their funds

poloniex was also hacked long time ago

Strictly speaking, that was not a hack, that was a lame hole through which users could withdraw the same amount many times

[Quickseller]

If you check the value of BFX coin its a good barometer of how traders are judging the value of finex right now.  People can get .60 on the dollar its pretty decent considering it would take a few years to pay out in full.

Are you sure about that timeframe? Payments on BFX tokens to date have been during times of very low volatility (and in turn trading volume). If volatility were to return to more normal levels, then I would anticipate much larger redemptions.