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Question: Which of the 3 major exchanges do you trust the most?
Bitstamp
Bitfinex
Btc-e

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Author Topic: Which exchange do you trust the most?  (Read 4547 times)
atlosas (OP)
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October 20, 2014, 05:20:11 PM
 #1

As topic states, I want to know which of the 3 major USD exchanges is the most secure to you.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Armis
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October 20, 2014, 09:05:48 PM
 #2

Really, Cryptsy doesn't get a mention?
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October 20, 2014, 09:12:47 PM
Last edit: March 15, 2015, 10:30:19 AM by ligeros
 #3

for me it´s Btc-e or exmo

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October 21, 2014, 02:39:35 AM
 #4

Why not 4 major exchanges according to Coindesk' BPI?

Quote
http://www.coindesk.com/price/bitcoin-price-index/

Currently, these bitcoin exchanges meet the criteria and are therefore included in the US dollar BPI calculation:

Bitfinex
Bitstamp
BTC-e
LakeBTC
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October 21, 2014, 02:47:41 AM
 #5

Allcoin.com for altcoin to BTC/LTC

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October 21, 2014, 06:35:06 AM
 #6

have had no problems with btc-e and been using for over 18 months.



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Rainbot
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October 21, 2014, 11:35:58 AM
 #7

btc-e, the only one
CoinCidental
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October 21, 2014, 11:38:21 AM
 #8

Really, Cryptsy doesn't get a mention?


Not sure if serious......
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October 21, 2014, 01:00:08 PM
 #9

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October 21, 2014, 08:44:48 PM
 #10

For sure BTC-E, it's the best exchange for me.
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October 22, 2014, 04:33:46 AM
 #11

I have had an account on bitstamp for a long time. But haven't used it in a few months.

Not very popular in this thread?
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October 22, 2014, 05:21:40 AM
 #12

I'm wary of all the current exchanges, but I trust btc-e more than the other ones.
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October 22, 2014, 05:56:46 AM
 #13

BTC-e does not reveal any details about the owners...
Bitfinex I do not know...

Therefore Bitstamp, which is the most transparant it seems...

Anyways, do not leave your currency or bitcoin on any exchange...
An exchange is not a bank...

yea learned that the hard way with vircurex, still have "frozen" funds there..  Angry

But I guess thats my own fault for being cheap and wanting the intrest they offered on held funds.  Roll Eyes
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October 22, 2014, 06:17:51 AM
 #14

I know the bitfinex just recently, it is actually like a gambling, I don't trust it.

On the other hand, bitstamp's authentication mechanisms is too annoying. Even you complete the verification, they will still freeze your funds when you're volume much.

So why not use lakebtc? its liquidity is highest, and security is best.
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October 22, 2014, 06:38:26 AM
 #15

Your Coins  are not safe anytime they are outside your ownership

Surprised people haven't learned this yet after 5 years of scams 
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October 22, 2014, 12:11:33 PM
 #16

btc-e / cryptsy

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October 22, 2014, 09:27:11 PM
 #17

Your Coins  are not safe anytime they are outside your ownership

Surprised people haven't learned this yet after 5 years of scams  


your coins are NEVER safe, even in your care.


Just you deposit your coins at an exchange doesn't make your coins now owned by the exchanges.  

Just like taking your kids to school doesn't make your kid's teachers their new parents.


If everyone kept their money off the exchanges you would only have auction sites, when's the last time you saw one of those for crypto.  When you go to an exchange you expect to see items available to buy if nothing is there what good is it?   Do you randomly return multiple times a day hoping to find someone who wants to sell what you want?  

Nevertheless, without the exchange your coins are almost worthless, when's the last time you took a look at the chart of a coin just before it was delisted and after it was actually delisted?    It goes from bad to worse and in every case there was a warning.   When it gets to the point of that very last exchange to delist it gets even more ugly, it's like a ghost town at the community ANN thread.

So you could have all of the coins in the world if no one else wants them they only have worth to you.  


Now, for the practical side, let me know when you transfer all of your funds to multi-sig paper wallets that you provide to various people in various locations both physical and electronic, then I will know you know how to keep your money safe?

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October 22, 2014, 09:29:09 PM
 #18

Cryptsy, but nowadays you never know.. I'd rather keep my coins in my wallet as much as possible.

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October 22, 2014, 09:29:55 PM
 #19

crypsty right now.

does anyknow know how long they take to send a USD check in the mail?
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October 22, 2014, 09:49:06 PM
 #20

Your Coins  are not safe anytime they are outside your ownership

Surprised people haven't learned this yet after 5 years of scams  


your coins are NEVER safe, even in your care.


Just you deposit your coins at an exchange doesn't make your coins now owned by the exchanges.  

Just like taking your kids to school doesn't make your kid's teachers their new parents.


If everyone kept their money off the exchanges you would only have auction sites, when's the last time you saw one of those for crypto.  When you go to an exchange you expect to see items available to buy if nothing is there what good is it?   Do you randomly return multiple times a day hoping to find someone who wants to sell what you want?  

Nevertheless, without the exchange your coins are almost worthless, when's the last time you took a look at the chart of a coin just before it was delisted and after it was actually delisted?    It goes from bad to worse and in every case there was a warning.   When it gets to the point of that very last exchange to delist it gets even more ugly, it's like a ghost town at the community ANN thread.

So you could have all of the coins in the world if no one else wants them they only have worth to you.  


Now, for the practical side, let me know when you transfer all of your funds to multi-sig paper wallets that you provide to various people in various locations both physical and electronic, then I will know you know how to keep your money safe?



How my Coins are secured is   my own business but I will let you  know that they are securely  stored in a way that I am comfortable with

i  didn't say btc should be delisted, rather that people should not rely on exchanges as  they  all go bust sooner or later, if I absolutely had to sell  £1000 worth of coins on an exchange I would do it £50- £100 per time etc and never give them control of more Coins than I could lose without worrying

Ymmv but I don't think there are any exchange that money is particularly "safe"  at
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