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Author Topic: Is Houbi Exchange Secure To Trade My Bitcoin?  (Read 126 times)
Prateek_sharma
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September 07, 2019, 07:19:15 AM
 #1

Well!! I was researching for the secure crypto exchange i have come across houbi exchange as i seen the lot of houbi review in which they stated that is houbi exchange is safe and secure and also they charges low trading fees compared to other crypto exchanges.

Guys please suggest me is houbi exchange is secure?
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September 07, 2019, 10:24:13 AM
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Its one of the biggest exchanges worldwide.
If this is not safe, none is safe

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September 08, 2019, 10:30:26 AM
 #3

The Golden Rule states that Bitcoin should be kept in the platform only enough to complete trading orders, but even that short time needs some security.
This topic[1] talks about that they transferred about a third of 94,000 BTC several days ago. Therefore, it appears that this platform contains sufficient liquidity and basic safety.
Now you have to protect your PC/password and read ToS of that Exchange.
[1] Finding the person who has received 1 billion dollar is likely possible

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September 08, 2019, 11:29:02 AM
 #4

If this is not safe, none is safe

Nowhere's safe - full stop.

It's big and established so it's safer than some of the miserable dreck that shows up but that could all change in a second.

OP, what do you mean by 'secure'? Do you want to store money there or are you worried about general hacks?
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September 08, 2019, 03:00:42 PM
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If this is not safe, none is safe

Nowhere's safe - full stop.

It's big and established so it's safer than some of the miserable dreck that shows up but that could all change in a second.

OP, what do you mean by 'secure'? Do you want to store money there or are you worried about general hacks?

Well!! As i have seen many popular crypto exchanges have been hacked earlier
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September 08, 2019, 03:08:46 PM
 #6

Well!! As i have seen many popular crypto exchanges have been hacked earlier

This is true but in some ways it's more reassuring to use a reputable exchange that was previously hacked as you can see how they handled it. If they survived and they didn't screw their customers that tells you something.

I don't see how any external review site can decide somewhere is safe and secure. They know nothing about how it is actually run. Just because somewhere hasn't been hacked does not mean it's impregnable. It might only be a matter of time before a hole is found.
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September 08, 2019, 03:35:55 PM
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Well!! As i have seen many popular crypto exchanges have been hacked earlier

This is true but in some ways it's more reassuring to use a reputable exchange that was previously hacked as you can see how they handled it. If they survived and they didn't screw their customers that tells you something.

I don't see how any external review site can decide somewhere is safe and secure. They know nothing about how it is actually run. Just because somewhere hasn't been hacked does not mean it's impregnable. It might only be a matter of time before a hole is found.

Yeah i agree with you! Binance has done tremendous job in order to protect users funds
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September 08, 2019, 04:42:25 PM
 #8

Binance has done tremendous job in order to protect users funds

For now. Their SAFU fund after years of profit surely must have been well stacked, but the 7000BTC they took out of that fund can't be ignored. Currently we don't know how much Bitcoin is left in this fund, and I honestly doubt they will have sufficient funds to compensate for another similar hack, so don't get overly confident in that exchange just because of what they did in the past.

Losing US traders soon will have a tremendous impact on their finances, which can't and shouldn't be ignored. They had an easy ride as non-compliant exchange, but that easy ride is about to end.
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September 08, 2019, 08:18:50 PM
 #9

Binance has done tremendous job in order to protect users funds

For now. Their SAFU fund after years of profit surely must have been well stacked, but the 7000BTC they took out of that fund can't be ignored. Currently we don't know how much Bitcoin is left in this fund, and I honestly doubt they will have sufficient funds to compensate for another similar hack, so don't get overly confident in that exchange just because of what they did in the past.

Losing US traders soon will have a tremendous impact on their finances, which can't and shouldn't be ignored. They had an easy ride as non-compliant exchange, but that easy ride is about to end.

Someone ran some calculations -- which Changpeng Zhao said were accurate -- that suggested they could recover the loss in less than 2 months. I'd be surprised if they haven't fully recovered by now. The main concern is whether losses are limited to hot wallets or not. They said at the time that 98% of customer deposits were in cold storage.

Indeed, kicking out US customers will put a damper on their revenues moving forward. However, I suspect they will still be overrun by US customers using VPN, similar to BitMEX. Their US exchange could also gain some ground since it will list dozens more altcoins than others like Coinbase.

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September 09, 2019, 02:52:36 PM
 #10

Well!! I was researching for the secure crypto exchange i have come across houbi exchange as i seen the lot of houbi review in which they stated that is houbi exchange is safe and secure and also they charges low trading fees compared to other crypto exchanges.

so you have nothing to do with this site: " https://coinpedia.org "

but how do you explain all these posts you made that mention the site " https://coinpedia.org "?

https://bitcointalk.org/index.php?topic=5182578.msg52385594#msg52385594

One of the Popular crypto influencer and libertarian U.S. Presidential John McAfee seems to have stuck into another conflict with Zombie coin, and they are now demanding $100 million in compensation.

Read here Source: https://coinpedia.org/news/china-zombie-is-a-serious-company-with-serious-goals-says-john-mcafee/

Is Toast Wallet Safe?

is crypto bit trade scam or legit?

Why Binance is launching a competitor for Facebook's Libra called: Venus

Well!! Did you know? Popular crypto exchange Binance is launching a competitor for Facebook's Libra called Venus

Source: https://coinpedia.org/news/binance-launch-venus-comply-regulations/

What's your point of view this?

John McAfee Says “Bitcoin under $9,500. If you are panicking, you are a fool”

Well!! Recently, popular crypto face john McAfee tweeted about bitcoin. He Says “Bitcoin under $9,500. If you are panicking, you are a fool” 

Source: https://coinpedia.org/news/bitcoin-price-john-mcafee/

What's your take john mcafee's view?

After Hack Binance Exchange to Launch Futures Trading in September

Well!! Did you know?

During an “ask me anything” session held on Aug. 28 , CEO of Binance exchange, Changpeng Zhao revealed that the platform will launch futures trading in September.

Source: https://coinpedia.org/news/binance-exchange-futures-trading/

What's your point of view on this?

look more in your post history:

https://bitcointalk.org/index.php?action=profile;threads;u=2592879;sa=showPosts

I don't understand, you don't have to hide that this site is your site










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September 09, 2019, 04:37:39 PM
 #11

So if you run a news site and ask for our advice with a trivial question,
you just waste our time...

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