BTC-e is an Internet black hole

[the_poet]

The two largest bitcoin exchanges currently available to investors, Bitstamp and BTC-e, both stand to gain market share in the wake of Mt. Gox’s sudden meltdown. But some are questioning the safety in using the largely anonymous exchange BTC-e.

Exciting to see the resiliance of #bitcoin ecosystem. Scary to see how many people are now trading on btc-e. No good will come of that.

Interesting article.

http://blogs.marketwatch.com/thetell/2014/02/27/bitcoin-exchange-btc-e-a-mt-gox-alternative-is-an-internet-black-hole/

[bananas]

And Bitstamp is behaving exactly like Mt. Gox in a smaller scale.

[btbrae]

Indeed the scrutiny on Mt.Gox required by the Japanese authorities (no country likes scams or "incidents" giving them a bad reputation for business) will cause other countries to look more closely at these exchanges, and how these exchanges react to that scrutiny will be very interesting. Bans are not out of the question. The next few months will be very interesting. Btc-e have been fairly honest outfit up until now, which is why so many people still use them.

[jztxeno]

And Bitstamp is behaving exactly like Mt. Gox in a smaller scale.

Oh man stop spreading bullshit around..

[bananas]

The next few months will be very interesting. Btc-e have been fairly honest outfit up until now, which is why so many people still use them.

I agree, but it is still non sense to put money/btc there. If Karpeles, a very well known person could easily steal his customers what about an anonymous?

[bananas]

And Bitstamp is behaving exactly like Mt. Gox in a smaller scale.

Oh man stop spreading bullshit around..

There is no BS, real facts. Many reports of BTC being put on hold under false excuses, do your reasearch.

[Astro]

And Bitstamp is behaving exactly like Mt. Gox in a smaller scale.

Oh man stop spreading bullshit around..

There is no BS, real facts. Many reports of BTC being put on hold under false excuses, do your reasearch.

Link those "reports" or shut the hell up with your FUD.

[Trance]

I was also scammed by BTCE- "selective scamming" is a horrible problem!

[Unacceptable]

DO NOT KEEP BTC IN AN EXCHANGE!!! Unless your willing to lose it!!!

If you want to trade,use 1 or 2 BTC,trade & move em out ASAP,repeat & you SHOULD be safe...

You can use localbitcoins for doing the same thing,but its not automatic & you need to use folks with at least 100 trades to be secure 

Again do NOT leave your BTC in localbitcoins for any longer than to do a trade or 2..................

[bananas]

And Bitstamp is behaving exactly like Mt. Gox in a smaller scale.

Oh man stop spreading bullshit around..

There is no BS, real facts. Many reports of BTC being put on hold under false excuses, do your reasearch.

Link those "reports" or shut the hell up with your FUD.

https://www.google.com/search?site=&source=hp&q=bitstamp+holding+funds&oq=bitstamp+holding+funds

https://www.google.com/search?q=bitstamp+frozen+account&oq=bitstamp+frozen+account

and so on, just introduce different related keywords

[btbrae]

https://www.google.com/search?site=&source=hp&q=bitstamp+holding+funds&oq=bitstamp+holding+funds

https://www.google.com/search?q=bitstamp+frozen+account&oq=bitstamp+frozen+account

and so on, just introduce different related keywords

There is nothing of substance in those links. Bitstamp is running fine right now. What is your problem?

[Nathonas]

I think its healthy to question the safety of other exchanges after the Gox fiasco but I don't have much negative to say about BTC-E or Stamp, and I haven't seen much negative press about them. Of course I would limit the time that my coins spend inside any exchange before or after what happened at Gox, but I think its unfair to start a witch hunt on these reliable exchanges.

[cloverme]

I didn't get too far myself with BTC-E, I use them to exchange LTC and NMC into BTC, but that's it. Support is all russian, so it's a little difficult on that end of thing. You used to be able to chat for free, now you have to carry a balance to chat... meh.  I don't think they are any better than Gox to be honest, but that's just my opinion.

[exocytosis]

DO NOT KEEP BTC IN AN EXCHANGE!!! Unless your willing to lose it!!!

Indeed. All BTC owners should actually lock down all of their coins in permanent cold storage. Forever. That's the only truly safe way to store them.

And when absolutely all BTC are locked away in cold storage, I'm sure the BTC price will skyrocket ... And BTC will go mainstream, since it's so easy and convenient for the Average Joe to use printed paper wallets when doing purchases and paying taxes ...  

[BittBurger]

Yeah I agree, why does anyone stress about any exchanges?

You're supposed to immediately withdraw your coins to a local or offline wallet.

OHHHHHH thats right, you're not a normal person who believes in Bitcoin.  You're trying to play the system and make a quick buck.  So you *have* to have your coins sitting on the exchange, or you'll miss out on the dips!

Considering its *you guys* making the price of BTC so volatile, and contributing to its bad reputation, and making its success that much more difficult, I ... really dont feel bad for you.

Leave your coins on the exchange, and don't complain if another one loses all your money.

-B-

[jubalix]

newb

being anon is a strength of BTC-e

anhows only trade with fractions of your total, and take out any excess regally = minimise loss on any btc exchange

[Unacceptable]

DO NOT KEEP BTC IN AN EXCHANGE!!! Unless your willing to lose it!!!

Indeed. All BTC owners should actually lock down all of their coins in permanent cold storage. Forever. That's the only truly safe way to store them.

And when absolutely all BTC are locked away in cold storage, I'm sure the BTC price will skyrocket ... And BTC will go mainstream, since it's so easy and convenient for the Average Joe to use printed paper wallets when doing purchases and paying taxes ...  

Just keep em on your PC in a real wallet,YOU CONTROL!!!! A PC that DOES NOT surf the net & can pick up virus's....I know it won't make you a lot of BTC,but you can be sure they'll be there when you need em 

[tokeweed]

I was also scammed by BTCE- "selective scamming" is a horrible problem!

it would help to tell us more about it.

thanks.

[Stevenrm87]

Just wanted to say, Ive never had any problems with BTC-E. A-OK in my book

[fcmatt]

I was also scammed by BTCE- "selective scamming" is a horrible problem!

it would help to tell us more about it.

thanks.

I can recall reading a half dozen posts on this forum where users have lost money when using btc-e. But are they honest posts or lies i am not sure. I tend to use btc-e in the fastest manner possible. Get in and out. That is it. No problems so far.