Poll : do you trust an exchange to hold your bitcoins ?

[ABitNut]

I do not trust any exchange. I will use them, but get my money / bitcoin out asap.

[lihuajkl]

If the exchange has a record of honest conduct.

Honest conduct does not mean everything. There are something which is out of their control, such as security issues, insider theft, hack attacking.

[Harley997]

lol

The above picture sums it up perfectly.

Bitcoin is designed to be decentralized and having BTC on exchanges centralized coins, even if there are multiple centers (each of the exchanges)

[skottiejay]

without taking the survey i'm going to just say no. no. no.

because of the whole google adwords blockchain thing I had several btc stolen from me, from now on i am keeping an offline wallet and making sure that it never happens again, since blockchain and google refuse to both do anything about it. i'd prefer to be able to see my wallet, sitting right in front of me than not knowing, and forgetting passwords, and what else.

[🏰 TradeFortress 🏰]

Definitely no!

[Vrontis]

I dont find a reason (except from some withdrawal fee they apply) to keep coins in there.
I need some in there for day trading but what I do not trade I prefer to get it out of there.
So I have to say that I don't trust them a lot.

[Harley997]

I dont find a reason (except from some withdrawal fee they apply) to keep coins in there.
I need some in there for day trading but what I do not trade I prefer to get it out of there.
So I have to say that I don't trust them a lot.

This is the reason why people hold coins in an exchange in the first place, trading.

Traders wish to be able to use all of their "capital" for use in trading.

[TheButterZone]

Survey doesn't have an option for 0%, which is equivalent to answering "NO" to this topic title.

[Gimmelfarb]

We all know Bitcoin is made so that you can be your own bank, and if handled properly, it's the only way for your money to be really secure.

Nevertheless, I'm sure many of us still have a significant amount of bitcoins on an exchange, for various reasons (because we trade a lot, or because we trust an exchange more than a paper wallet).

Please answer this quick poll : https://fr.surveymonkey.com/s/PPX6WK5

I will update this post to show you the poll results.
(Edit : you can also see the results of the poll right after you answer it. I added Coinbase in the list.)

well, there's no reason to trust an exchange more than a paper wallet. i do trade a majority of my coins on a regular basis. but i don't trust any of the exchanges. i trade on BTCE, Bitfinex, and Stamp, spreading out my funds for the inevitable collapse of another exchange.... just hoping to increase my $ and BTC enough that i'm still a good margin ahead when it happens.

[joshraban76]

For me, I don't.

You can trust one with few money, but who knows how his eye will charge his brain when he see a lot of money.

[Harley997]

We all know Bitcoin is made so that you can be your own bank, and if handled properly, it's the only way for your money to be really secure.

Nevertheless, I'm sure many of us still have a significant amount of bitcoins on an exchange, for various reasons (because we trade a lot, or because we trust an exchange more than a paper wallet).

Please answer this quick poll : https://fr.surveymonkey.com/s/PPX6WK5

I will update this post to show you the poll results.
(Edit : you can also see the results of the poll right after you answer it. I added Coinbase in the list.)

well, there's no reason to trust an exchange more than a paper wallet. i do trade a majority of my coins on a regular basis. but i don't trust any of the exchanges. i trade on BTCE, Bitfinex, and Stamp, spreading out my funds for the inevitable collapse of another exchange.... just hoping to increase my $ and BTC enough that i'm still a good margin ahead when it happens.

This strategy can still be dangerous as you are vulnerable to hackers.

[joele]

I don't trust them but I have no choice.

[lihuajkl]

I trust BitStamp and coinbase. There are a lot of venture capitals who went there.

[Malok]

http://37.media.tumblr.com/e6c747bf058dead860da966fa7822511/tumblr_mnu4iwrq3Y1sr9ndro1_500.gif

Great answer!  Love it! 

[Harley997]

I trust BitStamp and coinbase. There are a lot of venture capitals who went there.

Even if others have trusted a lot of money with them does not mean that you should as well.

Unless you plan on trading on bitstamp then you should not hold your money there.

There is no real reason to keep your money at coinbase.

[Neotox]

i trust and feel safe with my BTC at BTC-e

[JonCD]

I trust Coinbase and Bistamp to deliver my coins, but I would never hold them there. I move them to cold storage as soon as I have the ability.

[DavidHume]

Short answer is no.

They might be honest but government can still confiscate their bank account and seize the bitcoin.

[jcgarrick]

No No NO 

[Divinespark]

Never
Came ever so close to being wiped out by the mtgox fiasco
Once bitten twice shy