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Author Topic: How safe do you find Mt.Gox?  (Read 654 times)
oscar.svensken
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May 13, 2013, 09:22:07 PM
 #1

How safe do you find Mt.Gox? And do you feeling comfortable using it despite the attacks? Or do you feel like we really have a choice in the first place?
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neilol
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May 13, 2013, 09:32:11 PM
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Only problem I've ever had is lag - been good transferring BTC and USD in and out. Never more than $1000 though

DannyHamilton
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May 13, 2013, 09:34:53 PM
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Or do you feel like we really have a choice in the first place?

A choice?  Sure.  Plenty of other sources of bitcoin available.

oscar.svensken
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May 13, 2013, 09:41:37 PM
 #4

Thanks for the input.
Kazimir
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May 13, 2013, 09:56:25 PM
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How safe do you find Mt.Gox? And do you feeling comfortable using it despite the attacks? Or do you feel like we really have a choice in the first place?
Of course you have a choice. Ever heard of bitstamp? Or bitcoin.de? (especially if you're European)

In theory, there's no difference between theory and practice. In practice, there is.
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vRaptor
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May 13, 2013, 09:58:28 PM
 #6

Not feeling very safe right now. It doesn't seem reliable at all...
ChrispyCloud
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May 13, 2013, 09:58:46 PM
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How safe do you find Mt.Gox? And do you feeling comfortable using it despite the attacks? Or do you feel like we really have a choice in the first place?

It's the biggest, and therefore the safest? That was my reasoning. If it gets taken down, bitcoin will crash anyway regardless of where your funds are. If one of the smaller exchanges goes down, theres less a chance of it taking the whole system down. imo
Kazimir
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May 13, 2013, 10:26:49 PM
 #8

By the way, regardless of what exchange you use, I would never store a large amount of money (BTC or EUR or USD) with them. Always keep it in a safe wallet that you control. Why taking any risk when it's unnecessary.

In theory, there's no difference between theory and practice. In practice, there is.
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tuxfool
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May 13, 2013, 11:38:34 PM
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I've noticed that there are a few complaints on their twitter feed about the time it takes for transfers to go through, mostly SEPA.

Their canned replies aren't very reassuring...
oscar.svensken
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May 15, 2013, 11:45:20 AM
 #10

By the way, regardless of what exchange you use, I would never store a large amount of money (BTC or EUR or USD) with them. Always keep it in a safe wallet that you control. Why taking any risk when it's unnecessary.

Thanks, that makes sense especially in light of the attacks.
Tschai
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May 15, 2013, 12:16:19 PM
 #11

Hope this is not too spammy...

But I've just posted in the newbie section a new site/initaitive Top Bitcoin Sites: a community powered Bitcoin ranking start page, which should (eventually) get rid of this issue.

If it gets the right amount of attention from the community it should help figure out what services there are and which are more reliable and which are not/less.

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May 15, 2013, 01:40:21 PM
 #12

DDoS is not related to account security
Trekkie
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May 15, 2013, 01:41:57 PM
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Well considering the first time I decide to use them, create a dwolla account and get some money out of a few bitcoins I have and they get their money faucet in the US seized?

not so safe...
vyvojar
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May 15, 2013, 01:42:44 PM
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Has anybody actually lost the money thanks to the Dwolla thing?
deltaray
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May 15, 2013, 01:47:49 PM
 #15

I'm taking half my BTC out of gox to be safe. I got burnt a bit by the bitfloor bank freeze. Not going to take chances with Gox's bank accounts being frozen.
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May 15, 2013, 01:54:39 PM
 #16

Mt gox is not safe. It can be easily shutdown by us. BTC-E is safer based on Russia.
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