Should exchanges be trusted anymore?

[Amevalentine]

I still trusting. Exchanges exists because the need to trading. We did not required to believe to fully, but better after finished trading you should withdraw your balance asap. This can be minimize the possibility of bad happen like in previous.

[bgibso01]

Decentralized exchanges like Waves, etherdelta, bts would be the future of exchanges.
safe and secure

[The Sceptical Chymist]

There are some, like coinbase, that I would trust enough to do business with.   They're regulated and probably insured, and they're in the US.   Others, like Yobit, I trust enough to do really small amounts of business with. 

It's always good advice to not trust any of them as far as keeping any money with them.  There have been far too many instances of scamming to do otherwise.   Do your trades and then take your money out ASAP.

[JorisK]

Decentralized exchanges like Waves, etherdelta, bts would be the future of exchanges.
safe and secure

Agree, for now i stay away from exchanges, but once a good decentralized one shows up, i will use that immediately.

[nizamcc]

Their exchanges, their purpose is to exchange not to be a wallet.
Make your own offline wallet to avoid this circumstances. You might be risking your coins into losing your seeds but I would rather make that mistake than being robbed by those guys.
Making back ups with my seeds is the best thing I have done. Less worry now with wallet exchanges which used to be my friend where I store my money.

Seriously mate? What if you are new and you recently bought bitcoins because you just want to trade some altcoins and send them to an exchange and unfortunately it rips everyone off and scams everybody? Will those kinds of situations be in your hands? And what about those who put their coins there just for the purpose of trading? Should they also "make their own offline wallet" every time they make a profit, then redeem and then deposit back if they want to trade something else? Will it really work? Then what about the fee?

[naughty1]

Had been in a dilemma after seeing BTC-E's owner being arrested for a $4 Billion money-laundering fraud which he had been conducting, who knows that from when. First Mt Gox, then Bitfinex then Poloniex and now this, few were hacked and some had their admins only cheating their users.
Do you really think any exchanges are trustworthy anymore?

With the information that was published, I was frightened about everything. I no longer trust anyone. They are just deceiving all of us, all of us have been exploited as chess pieces.

[ChipMixer]

Had been in a dilemma after seeing BTC-E's owner being arrested for a $4 Billion money-laundering fraud which he had been conducting, who knows that from when. First Mt Gox, then Bitfinex then Poloniex and now this, few were hacked and some had their admins only cheating their users.
Do you really think any exchanges are trustworthy anymore?

BTC-E did not stole its users bitcoins. Their admin was arrested because they did not implement Know Your Customer AKA Spy On Your Users procedure and your money was stolen by government.

Non-KYC exchanges should be trusted. KYC exchanges should not because they are working with governments.

[eaLiTy]

Seriously mate? What if you are new and you recently bought bitcoins because you just want to trade some altcoins and send them to an exchange and unfortunately it rips everyone off and scams everybody? Will those kinds of situations be in your hands? And what about those who put their coins there just for the purpose of trading? Should they also "make their own offline wallet" every time they make a profit, then redeem and then deposit back if they want to trade something else? Will it really work? Then what about the fee?

If you are new to bitcoin then the first thing you have to learn is ,how to store them safely and the best solution is to have the coins under your control ,but if you are actively trading then you must trust the exchange to keep your coins and withdraw when ever you are inactive because you cannot trust any exchanges or third person with your coins.

[xFiber]

How is this new? Storing money on exchange is basically giving money to a stranger/friend who promises you to give your money back when you ask for it. So if anything were to happen to that person or he loses the money, your hard earned money is gone you need to realize that. But that doesn't mean you shouldn't use exchanges. Just be careful and preferably move out after each trade you make.

[Serco]

So where do we trade or sell our altcoin if we ourselves can not believe in the exchange? Maybe I do not know all the stories from the past exchange. But it is really bad to see so many exchanges that make deep chasms continuously

[Anarchist]

None should be trusted. If you are in the shoes of people who lost money in MtGox and recently BTC-e. You will know about it. The problem is not only if the exchange is related to illegal activities like BTC-e or if the exchange is going to scam like MTGox. There is also a risk to see the exchange hacked like it happened with Bitfinex. So the exchange may be clean, it doesn't mean you are safe. Remember that with exchange you don't own any private key and you rely on their security ressources.

[TheGodFather]

None should be trusted. If you are in the shoes of people who lost money in MtGox and recently BTC-e. You will know about it. The problem is not only if the exchange is related to illegal activities like BTC-e or if the exchange is going to scam like MTGox. There is also a risk to see the exchange hacked like it happened with Bitfinex. So the exchange may be clean, it doesn't mean you are safe. Remember that with exchange you don't own any private key and you rely on their security ressources.

I dont know if its true. But try not to put you bitcoins in your exchanger. Others say that you you need to pull out your bitcoins there because it may be lost. So why dont you try to do it. Then come back aftee aug 1 or after they will announce that it will be safe to invest and trade again. You may try itm

[Mokuton]

Decentralize exchanges will take over soon like Waves, Mothership, Wcx, etc. Only put money you are willing to lose!

[MintCondition]

So where do we trade or sell our altcoin if we ourselves can not believe in the exchange? Maybe I do not know all the stories from the past exchange. But it is really bad to see so many exchanges that make deep chasms continuously

There are a lot of trusted exchanged in the past that closed or runaway like mt.gox and others. Exchange on cryptoworld will not be trusted forever because there is no legal exchange everywhere. Bittrex and Polo is still not legit exchange on US.

[mackenzied]

With solutions like Waves Platform, soon you don't need to trust Exchanges anymore

Decentralized exchanges like Waves, etherdelta, bts would be the future of exchanges.
safe and secure

Is it really safe? How can we absolutely believe in those platforms? No, at present, I feel suspicious about everything, I feel disgusted when I get cheated.

[Hamphser]

Had been in a dilemma after seeing BTC-E's owner being arrested for a $4 Billion money-laundering fraud which he had been conducting, who knows that from when. First Mt Gox, then Bitfinex then Poloniex and now this, few were hacked and some had their admins only cheating their users.
Do you really think any exchanges are trustworthy anymore?

Here on online world You should always put up in your mind that you should not trust anybody but only yourself.I applied this rule ever since which i dont really trust any exchanges on where when i do make tradings i do immediately cash out my funds and i dont care to pay up fees actively as long i do secured my funds in my own wallet on which i do have its full control. Its really sad to think off on whats happening on exchanges as of now on which they do have their own issues.

[Bastime]

Not all here in online world would be trusted especially if there is money thing just like here in bitcoin! we should all be cautious in every action we made here because possibly in just a split of seconds your bitcoin can be lost.   

[mayax]

All exchange which is legal/regulated with good reputation can be trusted, as long as you withdraw your money after finished exchange/trade your money and don't use exchange as wallet just like what many people did in past

What exchanger which is 'legal/regulated' ? so far only Bitstamp and regulated under UK law,they have a 'good reputation' but what happened to them back then in 2015ish ? they're a legal exchanger,regulated under UK law but they get hacked by hacker ? that mean a legal/regulated exchanger can not be trusted fully,because everything is very sensitive if they involved with money.
to be honest,we can not trust them fully if i was you,whenever i made a profit i will try to withdraw my money from exchanger directly to my fiat or keep it by my self in my cold storage or local exchanger (i trust them because i know where're they)

So,we can trust them but we can not trust them fully.Only you can keep your money safely

there are only few regulated exchangers : Coinbase, ITbit, Circle, Gemini, Bitstamp.

also, i highly recommend you to find forex brokers which accept BTC (all of them have a history behind and are regulated) like :

https://www.plus500.com/

https://www.ig.com

www.fxcm.com/

http://www.avatrade.com/trading-info/range-of-markets/cryptocurrencies/bitcoin

[Rinder]

Its a dilema since we need exchanges to be able to trade bitcoin and altcoins, soo in the end we will need to trust into them, otherwise we need to leave crypto, or find some solution for it, a decentralized exchange would be amazing, but we are scared in the general to try again.
Poloniex were top exchange for me till they close trollbox, since those the support has becamed horrible, and they had the best over the exchanes.

[olushakes]

Had been in a dilemma after seeing BTC-E's owner being arrested for a $4 Billion money-laundering fraud which he had been conducting, who knows that from when. First Mt Gox, then Bitfinex then Poloniex and now this, few were hacked and some had their admins only cheating their users.
Do you really think any exchanges are trustworthy anymore?

With the several casualty that have befallen exchange sites and the most recent one which has even made people lose quite an amount of their hard earned resources, for me we cannot do without exchange sites and cannot trust them so its an ironical situation which I believe can be handled with more care with one single rule, NEVER LEAVE YOUR ASSETS ON EXCHNAGE SITES...