What's the Best Trading Exchange for you: Mt Gox, TH, or CampBX?

[StewartJ]

you should put a poll on this thread

Should of that about that, doh!  Thanks.

[vforvendetta]

You know, for me it's not so much that I dislike one exchange or the other - it's that it's hard to try to play the game at all of the major sites due to the time it takes to move fiat money around between them. If there's a major movement at Gox, I don't have four hours to move stuff back, and it really isn't efficient at all to spread it around given the very low volume on the other exchanges. If someone could devise some scheme (or perhaps clear me of any ignorance I may have in this area), I would use the other exchanges just as I would Gox. As it stands at the moment this just isn't practical.

[angelo95]

I hate Mtgox but I trade there because they have the volume.

[nmat]

How is CampBx in terms of volume? Are they growing? There isn't much info on what's going on there and the graphs on their page are still on "beta"... I have plans to move there when they start supporting EUR.

[angelo95]

How is CampBx in terms of volume? Are they growing? There isn't much info on what's going on there and the graphs on their page are still on "beta"... I have plans to move there when they start supporting EUR.

When Mtgox was down, TradeHill had the best opportunity ever to grow they did not even. I think people like Mtgox or are used to fro trading and I doubt about Campbx getting more marketshare quickly.

[Peripeteia]

bitmarket.eu

It wasn't in the original choices but I second the choice of bitmarket.eu.

While it doesn't have the volume of other exchanges (note too that transactions in Euros, naturally given the origin/market of exchange, get lots more action that transactions in USD) I've never had a problem with any of my transactions there and they respond quickly to email.

Also the use of the exchange is free with a donation option available to help support the site.

[bitcoinTrader]

I like tradehill, but because of low volume, have to trade on mtgox too.

[The_JMiner]

Currently I am trading on Trade Hill only because Mt Gox continues to have issues especially from what I read on the forums.  Trade Hill has not given me any issues thus far.

[error]

My last trade was on CampBX. I have not traded on mtgox since its unfortunate incident.

[cryptoanarchist]

none of the above.

So far, the best exchange for me has been exchangebitcoins.com

Fast transfers, which is my number 1 concern.

[Jered Kenna (TradeHill)]

Dear Forum Members,

At first, people loved the referral program. It was so popular that both Bitcoin7 and CampBX created their own referral programs. Unfortunately, the program was abused by the Mt.Gox hackers. As stated previously, these people did not get their referral money and were subsequently banned from our system.

Regarding our responsiveness to the community, you can see that Jered is a Hero member and has been into Bitcoins for quite some time. He knows many original Bitcoiners. We try our best to give people frequent updates on the forums and thus so far our feedback has been good but we recognize the room for improvement.

If anyone wants to know more about us, please see this link : http://forum.bitcoin.org/index.php?topic=19537.0

Thanks again, and as always, please reach out if you need anything.

Adam - Tradehill

[OgNasty]

Traders go where the volume is.  Nuff said.

[tvbcof]

A good answer probably relates to what one is trying to achieve.

For my part, I just wanted to accumulate for now.  I went with Tradehill in part because MtGox was hosed at the time, in part because I would rather see a number of more equal sized exchanges, and in part because I hoped that Chile would be less prone than other places to bow to US pressure if/when Chuck Schumer figures out how to work the will of those on Wall Street who sponsor him.  No real complaints with Tradehill at the present, and the exchanges track one another well enough so it does not matter much to me.  In fact, Tradehill having less market depth allowed the price to come down and hit one of my buy points where I think it would not have on MtGox (but I am not certain of that.)

On a tangent, I am now wondering if some of Chuck Schumer's sponsors may not be eyeing bitcoin to solve some of the same issues I have (albeit on a much larger scale.)  These would involve opacity of assets and transportation of the same.  Indeed, I wonder if I will end up with the conclusion that bitcoin is being exploited by those who have run our current systems over the cliff to protect their loot.  Among the insightful thing that Satoshi did was to extend the period of bitcoin inflation past the time when most of our current monetary systems are likely to have imploded and thus make it more likely that at least a part of the currency circulates amongst us plebs.

[martin]

Personally I use britcoin when I do occasional trading, simply because it's the easiest to exchange between GBP<->BTC

If I'm interested in the current price, I take a glance at mtgox and tradehill and take an average.

I will *not* use mtgox again for any actual transactions, they've had terrible security since the start and evidently have no idea what they're doing when it comes to security.

[cryptoanarchist]

Traders go where the volume is.  Nuff said.

pffft...lol...spoken like someone who isn't a trader.

[kokojie]

Tradehill has been great. Volume isn't a big problem unless you are a huge trader that likes to trade in big blocks.

[Alphonso Bedoya]

I think it depends on the type of trading you do. I use MtG, TH and ExchBC.  Here are my non techish views after a few months of trading.

I am a part timer I guess, so I don't "need" the MtG trade volume very often, but I use it for bigger trades (40 BTC +) altho TH is getting better all the time on volume and speed.  TH and ExchBC both have excellent responsiveness to me as a client, and obviously TH works hard to get in front of questions here on the forum.  They (TH) are always available and have excellent answers to all issues.  They get an A+ from me for that, and also for the way they handled the traffic deluge that fell on them when MtG became one with the clusterfuck.  ExchBC has also responded very well to my queries. 

Security seems to be very good on TH and ExchBC, but I am not very technecalish.  At least I have a pretty good impression that they are ON it.  As far as MtG goes, I've read everything I could find about the Great GOXification, but because of their (MtG's) clipped, slow, Hans Solo-ish "Everything's fine here" style I am still not entirely sure WTF happened or will happen and fully expect to be confused again in the future. They REALLY need to get a PR person in there.  That said, it works for me and I still use it.  (Rant over.  Yes, I do feel better now, thanks. 

Interface:  short version - Gox sucks, and apparently will continue to into the foreseeable future (see rant above).  TH is "gooder" but the charts are kind of lame, as they already know, and I need to have two or three tabs open to trade (dash, market, and trade).  Transfers are fine.   ExchBC is very good, simple, fast, not fancy but all my info is on one page.  Kudos for that, folks.  Transfers are fine.  Needs some charts, imho.

Commisions:  moving target... milage may vary.

Hope this helps.

[OgNasty]

Traders go where the volume is.  Nuff said.

pffft...lol...spoken like someone who isn't a trader.

I'm actually a legitimate stock trader who trades BTC for cheap entertainment.  You on the other hand...

[imanikin]

bitmarket.eu

+1 For people who are not professional traders or speculators, Bitmarket.eu is the best in my experience.  

On MagictheGatheringOnlineXchange,   i think that team Pump&Dump doesn't even try to disguise their activities anymore...  

No entity has done more to damage Bitcoin's public image than MtG and its kindergarten security, which was obvious way back when the St. Petersburg guys attacked it months ago...

What seems most lame to me is that after all the damage so much of the "community" is still willing to pay its owners to trade there, and the traders at other exchanges just mirror MtG rates, rather than discover based on their exchanges' conditions...

Of the 3 in the subject, i would only use TH now, and only until the trading teams get established there. CampBX is out for me because it has a dark pool. We've already beaten that subject to death in other threads...  I am sure the pump&dumpers, and dark-pool free-market hypocrites will have a great time there, once it gets more volume...

Fortunately, with Bitmarket.eu, OTC, and plenty of honest people in the forum, there is no shortage of places for the mainstream to trade now outside of the shark pools...  

[tvbcof]

Tradehill has been great. Volume isn't a big problem unless you are a huge trader that likes to trade in big blocks.

Hmmm...seems like that might be an advantage to be able to move the market if one is a huge trader.  For instance...

I dunno if MtGox tracks Tradehill at all, but I would expect that it would to at least a small extent if there are people doing arbitrage (which I think is likely by now.)  If so, one could realistically depress Tradehill for a while to try to get a cascade of bots going, then make a killing on MtGox....in my (likely defective) theory.