Which Trading Exchange Platform Has Never Been Hacked ?

[Wenbing]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

 For an exchange and trading platform to be good, it has to be secure.
For it to attract users then transaction fee should be at a low rate and be secured.
The wider the geographical usage the higher the volume of transaction too.


Which crypto exchange and trading platform had been Hacked?

I learnt that Huobi has never been hacked before in the history of the trading platform operations.

[1715408971]

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[1715408971]

1715408971

[Taskford]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

 For an exchange and trading platform to be good, it has to be secure.
For it to attract users then transaction fee should be at a low rate and be secured.
The wider the geographical usage the higher the volume of transaction too.


Which crypto exchange and trading platform had been Hacked?

I learnt that Huobi has never been hacked before in the history of the trading platform operations.

Google is the one you need, you can see some by searching this query and I will give you a samples regarding on what you are finding kindly read it below.

Source: https://cointelegraph.com/news/round-up-of-crypto-exchanges-hack-so-far-in-2019-how-can-it-be-stopped

There are more answers and don't limit your search power and be resourceful  .

[Lucius]

Google is the one you need, you can see some by searching this query and I will give you a samples regarding on what you are finding kindly read it below.

I totally agree, big brother knows all the information the OP is looking for. I'll just say that the first major hack of some crypto exchange was recorded back in 2011 and it was related to Mt.Gox (2600 BTC lost), after which was followed the biggest in history Mt.Gox again in 2014 (850 000 BTC hacked). In 2016 Bitfinex is hacked for $77 million at that time, and in 2018 Coincheck is hacked for $500 million in NEM tokens.

For global usage we know that Coinbase, Binance, and Bitstamp are probably the most famous, As for fees, I don't think there's much of a difference - although I'm not a trader, so I can't say for sure where it's best to trade.

[Lakai01]

Which crypto exchange and trading platform had been Hacked?

I learnt that Huobi has never been hacked before in the history of the trading platform operations.

My pre-posters answered your question about the Exchanges in a way that you can find the information you need, I hope.

But I wanted to add the following:
If an Exchange has been hacked or not says absolutely nothing about whether it is more secure than other Exchanges or not. In fact, it goes so far that exchanges like Bitstamp (hacked in 2015) have massively tightened their internal security measures and invested a lot of money to become more secure.

Despite the losses and the alleged reputational damage, the company framed the incident as a learning experience, concluding:

“This was a significant loss for Bitstamp, and it cast further doubt on the safety and integrity of the bitcoin ecosystem. However, it could have been much worse, and we are determined to use this as a learning tool, and as a basis for making improvements in our technology, security protocols, incident response planning and so forth.”

Source

It is questionable whether Bitstamp would have taken these measures if the hack had never taken place.

[TimeTeller]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

-

The OP is asking what exchange fulfil the above parameters, and I can say very few of them.
But most exchanges that fall into this set of parameters are smaller to medium exchanges.
Because most good exchanges have been a victim of hacking at least once.
But I don't think, the criteria of never hacked before and low tx fee would be vital in choosing an exchange.
Those exchanges that have never been hacked is only waiting their time to be vulnerable with these hackers.
I guess what matters most, is how the exchange reacted after the hack - did they refund their clients or not? Or did they continue their operations and rectify the prob fast?
Also, most exchanges with low tx fees are those with low trading volumes also. So it is really not convenient to trade in those kind of exchanges.
Do you want to wait for days and days just to fulfil your order?

[Ucy]

How do we know that a centralized cryptocurrency exchange has never been hacked before? Are there solid ways to prove this beside hearsay? ..maybe via thorough research/investigation of the exchange? Not trying to say that the exchange you mentioned has been hacked before... just think solid proof will be more convincing.   I doubt every centralized exchange will be honest about successful hacks... and they have no real transparency.

[Wenbing]

Google is the one you need, you can see some by searching this query and I will give you a samples regarding on what you are finding kindly read it below.

I totally agree, big brother knows all the information the OP is looking for. I'll just say that the first major hack of some crypto exchange was recorded back in 2011 and it was related to Mt.Gox (2600 BTC lost), after which was followed the biggest in history Mt.Gox again in 2014 (850 000 BTC hacked). In 2016 Bitfinex is hacked for $77 million at that time, and in 2018 Coincheck is hacked for $500 million in NEM tokens.

For global usage we know that Coinbase, Binance, and Bitstamp are probably the most famous, As for fees, I don't think there's much of a difference - although I'm not a trader, so I can't say for sure where it's best to trade.

I'm not disputing that I don't have an idea of what I'm talking about but my main focus is the trading and exchange platforms that satisfy those parameters and can we conclude base on that that they are best exchanges/trading platforms.

[rexxarofmoknathal]

Technically, it is very difficult to identify if an exchange has previously been hacked or not, and even if the numbers are positive it tells you very little about the exchange itself as it may well be a target for hackers since it has a large trading volume and/or user base. And this is just one example, in other words it won't be much informative for users to compile this type of data since it's still not 100% credible/reliant, if that makes sense.

[Wenbing]

~~~

“This was a significant loss for Bitstamp, and it cast further doubt on the safety and integrity of the bitcoin ecosystem. However, it could have been much worse, and we are determined to use this as a learning tool, and as a basis for making improvements in our technology, security protocols, incident response planning and so forth.”

Source

It is questionable whether Bitstamp would have taken these measures if the hack had never taken place.

Well, the information gathered from the press are not always true as some entrepreneurs will just like to use to gain public trust again.

On the other hand, negative incidence occur in life so we could learn to avoid certain mistakes or improve how we do things.

But, why don't we prepare from the onset against hacking?

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

-

The OP is asking what exchange fulfil the above parameters, and I can say very few of them.
But most exchanges that fall into this set of parameters are smaller to medium exchanges.
Because most good exchanges have been a victim of hacking at least once.
But I don't think, the criteria of never hacked before and low tx fee would be vital in choosing an exchange.
Those exchanges that have never been hacked is only waiting their time to be vulnerable with these hackers.
I guess what matters most, is how the exchange reacted after the hack - did they refund their clients or not? Or did they continue their operations and rectify the prob fast?
Also, most exchanges with low tx fees are those with low trading volumes also. So it is really not convenient to trade in those kind of exchanges.
Do you want to wait for days and days just to fulfil your order?

Hackers are only after the big exchange and trading platform and not against smaller ones.

Is the aim of this hackers to steal only the coins or there are other things that is their pursuit as they hack sites?

[moderator's note: consecutive posts merged]

[BitSat19]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

-

The OP is asking what exchange fulfil the above parameters, and I can say very few of them.
But most exchanges that fall into this set of parameters are smaller to medium exchanges.
Because most good exchanges have been a victim of hacking at least once.
But I don't think, the criteria of never hacked before and low tx fee would be vital in choosing an exchange.
Those exchanges that have never been hacked is only waiting their time to be vulnerable with these hackers.
I guess what matters most, is how the exchange reacted after the hack - did they refund their clients or not? Or did they continue their operations and rectify the prob fast?
Also, most exchanges with low tx fees are those with low trading volumes also. So it is really not convenient to trade in those kind of exchanges.
Do you want to wait for days and days just to fulfil your order?

Hackers are only after the big exchange and trading platform and not against smaller ones.

Is the aim of this hackers to steal only the coins or there are other things that is their pursuit as they hack sites?

This is not true as hackers only hack small exchanges as sometime ago we have some big exchanges hacks as well some time peoples believe its insider job which is also right but no one can give guarantee that big exchange will never hack any thing is possible in this crypto world.

[CryptoYar]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

I think you should check this post, you will get complete information, like which year the exchange was hacked and how much loss was done.
https://bitcointalk.org/index.php?topic=5237828

[canovan25]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

 For an exchange and trading platform to be good, it has to be secure.
For it to attract users then transaction fee should be at a low rate and be secured.
The wider the geographical usage the higher the volume of transaction too.


Which crypto exchange and trading platform had been Hacked?

I learnt that Huobi has never been hacked before in the history of the trading platform operations.

I am very pleased that my favorite exchange cannot be hacked. Waves.exchange is a place where people fall in love with cryptocurrency
The commission is 0.003 Waves ($ 0.0033) for exchanging any amount, you do not need to install anything (metamask and other applications), a very convenient interface and access to funds by private key. The best that could be

[Skieleton]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

 For an exchange and trading platform to be good, it has to be secure.
For it to attract users then transaction fee should be at a low rate and be secured.
The wider the geographical usage the higher the volume of transaction too.


Which crypto exchange and trading platform had been Hacked?

I learnt that Huobi has never been hacked before in the history of the trading platform operations.

All 3 criteria are met by Coinbase - a global leader based in San Francisco, California. Over 30 million users. Record capital raised from investors such as the New York Stock Exchange (NYSE). I've been using it since 2014 and everything is always ok. I recommend .

[crwth]

Well, there are a lot of exchanges that have not been hacked. It's also different if there's no hacking happened. I think the best investment for them is always about security and constant updating to prevent hacks.

I think it's not a significant benefit to know that an exchange hasn't been hacked, but how an exchange would handle it sounds better—possibly letting the users know as well that there was an attempt and the funds are safe or something like that. Reputation on exchanges is beneficial to users staying there as well.

Since the question is likely answered, I want to share this about picking an exchange. Having the nearest server with the exchange is ideal for faster trades, especially with WebSockets.

[enhu]

Well, there are a lot of exchanges that have not been hacked. It's also different if there's no hacking happened. I think the best investment for them is always about security and constant updating to prevent hacks.

I think it's not a significant benefit to know that an exchange hasn't been hacked, but how an exchange would handle it sounds better—possibly letting the users know as well that there was an attempt and the funds are safe or something like that. Reputation on exchanges is beneficial to users staying there as well.

Since the question is likely answered, I want to share this about picking an exchange. Having the nearest server with the exchange is ideal for faster trades, especially with WebSockets.

Those exchange that was hacked eventually made their security stronger, the owners and their support gained experience thru it as well. And this I guess they have handled it at least this is what I thought when cryptopia resumed. They are now among exchanges also that end up closing their services after they were hacked.

[chaser15]

All 3 criteria are met by Coinbase - a global leader based in San Francisco, California. Over 30 million users. Record capital raised from investors such as the New York Stock Exchange (NYSE). I've been using it since 2014 and everything is always ok. I recommend .

How much is the current average transaction fee in Coinbase sending BTC to another wallet?

If you used them since 2014, you should have an idea for this. Back in 2017, their transaction fees go up high up to BTC0.001-0.002. That's pretty insane fees and that year I decided to stop using them.

What're their fees now?

[Quidat]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

I think you should check this post, you will get complete information, like which year the exchange was hacked and how much loss was done.
https://bitcointalk.org/index.php?topic=5237828

This list sums it all which do shows particular exchange and the year it was hacked. Merited you for this one..

If you used them since 2014, you should have an idea for this. Back in 2017, their transaction fees go up high up to BTC0.001-0.002. That's pretty insane fees and that year I decided to stop using them.

What're their fees now?

Just to answer this out, Coinbase now do only charge out network fee only if you do make btc transfer to other wallet i dont know on other transaction.
I remember wayback when that 2017 bull run happen where every platform do charge up bigtime in talks of fees but the
winner among into this list is Yobit where they do still have that withdrawal fee of 0.001 atm.

[exstasie]

How much is the current average transaction fee in Coinbase sending BTC to another wallet?

If you used them since 2014, you should have an idea for this. Back in 2017, their transaction fees go up high up to BTC0.001-0.002. That's pretty insane fees and that year I decided to stop using them.

What're their fees now?

Pro tip: transfer coins from Coinbase to Coinbase Pro and withdraw them from there. There are no withdrawal fees on crypto from Coinbase Pro. Lower trading fees too. https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/fees.html

[el kaka22]

Honestly seeing never hacked before exchange makes me question that place even more, because in the real world every place gets hacked in the end but at the same time if a place gets hacked and managed to deal with it properly that is why I will like them. Think about it, if a place is never hacked before we don't know how they would deal with it when they do get hacked, and do not tell me if they are not hacked that means they will not be hacked neither, hackers are quite amazing and they are always good enough to hack any place given enough time.

So, go for the places that got hacked but took care of it without any problem like Binance, they know how to handle it and your money is safe there and you had a proof of that situation before.

[Lucius]

I'm not disputing that I don't have an idea of what I'm talking about but my main focus is the trading and exchange platforms that satisfy those parameters and can we conclude base on that that they are best exchanges/trading platforms.

Each crypto exchange is vulnerable to hacking, we can only talk about how likely it is to happen or not. The biggest problem is that users keep their funds on the crypto exchanges and use them as a master wallet, and that exchanges hold too many funds in hot wallets (at least that has been the case in the past).

I also think there were a lot more minor hacks that the public didn’t even find out about, because in that case it’s always better to preserve the reputation and pay the damage out of your own pocket. If you ask me personally, I think that Coinbase is the exchange that people trust the most, and this is definitely shown by the numbers that say that they hold a total of about 1 million BTC in their wallets.