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leen93 (OP)
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November 09, 2014, 12:14:13 AM |
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Hi!
Does anyone knows how safe bitfinex is for storting your bitcoins and giving swaps for around 0.01% a day for a few years?
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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bitgeek
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November 09, 2014, 12:54:12 AM |
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No exchange is a safe place to store your coins. Keep the money there only when trading.
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leen93 (OP)
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November 09, 2014, 01:04:16 AM |
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No exchange is a safe place to store your coins. Keep the money there only when trading.
I can get an intrest rate on bitcoin (I offer swaps for CFD's), 3.7% a year is a nice intrest rate which I expect I could have there |
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Vod
Legendary
 Offline
Activity: 3682
Merit: 3015
Licking my boob since 1970
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November 09, 2014, 01:37:57 AM |
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No exchange is a safe place to store your coins. Keep the money there only when trading.
I can get an intrest rate on bitcoin (I offer swaps for CFD's), 3.7% a year is a nice intrest rate which I expect I could have there Chances are within the next year the exchange will suffer a "hack" and the coins will be gone. |
https://nastyscam.com - landing page up https://vod.fan - advanced image hosting - coming soon! OGNasty has early onset dementia; keep this in mind when discussing his past actions.
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JessicaSe
Legendary
Offline
Activity: 840
Merit: 1000
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November 09, 2014, 01:46:19 AM |
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Hi!
Does anyone knows how safe bitfinex is for storting your bitcoins and giving swaps for around 0.01% a day for a few years?
Well, bitfinex claims that most of their bitcoin is in cold storage. No body knows how safe is it other then the CEO... |
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Divinespark
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November 09, 2014, 02:44:27 AM |
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I use bitfinex to lend on margin, no problems so far though I keep amounts small to minimise my risk.
Caveat emptor
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JessicaSe
Legendary
Offline
Activity: 840
Merit: 1000
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November 09, 2014, 06:39:24 AM |
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Hi!
Does anyone knows how safe bitfinex is for storting your bitcoins and giving swaps for around 0.01% a day for a few years?
Its consider safe, it bitfinex have been running for quite some time. But there is still risk so don't put everything that you own.. |
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leen93 (OP)
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November 09, 2014, 09:04:17 AM |
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Yes, I know there is some risk, but also some opportunities.
Then the questions rises, how big is the risk bitfinex closes within 1 month? lower than 0.3% Then it's fine for me to invest a big amount of btc there.
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DhaniBoy
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November 09, 2014, 09:36:26 AM |
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as long as the website has multiple security at the time of login and registration, I think the website is relatively safe, but of course all should be tried first. whether it is really safe or not, you do not have to put your bitcoin into the website in large numbers, try small amounts first, so if there is anything on the website then you will not be too lose ...  |
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leen93 (OP)
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November 09, 2014, 10:23:32 AM |
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now i have 2 btc there (0.1-0.2 btc annually probably) but still doubting to deposit more there
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Velkro
Legendary
Offline
Activity: 2296
Merit: 1014
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November 09, 2014, 10:49:56 AM |
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No exchange is a safe place to store your coins. Keep the money there only when trading.
I can get an intrest rate on bitcoin (I offer swaps for CFD's), 3.7% a year is a nice intrest rate which I expect I could have there Chances are within the next year the exchange will suffer a "hack" and the coins will be gone. This are big chances, so this interest rate is nowhere worth the risk |
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leen93 (OP)
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November 09, 2014, 11:07:20 AM |
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No exchange is a safe place to store your coins. Keep the money there only when trading.
I can get an intrest rate on bitcoin (I offer swaps for CFD's), 3.7% a year is a nice intrest rate which I expect I could have there Chances are within the next year the exchange will suffer a "hack" and the coins will be gone. This are big chances, so this interest rate is nowhere worth the risk Coins are kept in a cold storage so this is bullshit, but maybe there is a risk they just close the site and run away with everything, I don't know how large this risk is. With USD I can get 24%, this would be worth the risk? |
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Jamie_Boulder
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November 09, 2014, 11:47:18 AM |
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Nothing is safe especially when it comes to untraceable fraud.
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nothing2seeHere
Member
Offline
Activity: 110
Merit: 10
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November 10, 2014, 03:41:47 AM |
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No exchange is a safe place to store your coins. Keep the money there only when trading.
I can get an intrest rate on bitcoin (I offer swaps for CFD's), 3.7% a year is a nice intrest rate which I expect I could have there Chances are within the next year the exchange will suffer a "hack" and the coins will be gone. This are big chances, so this interest rate is nowhere worth the risk Coins are kept in a cold storage so this is bullshit, but maybe there is a risk they just close the site and run away with everything, I don't know how large this risk is. With USD I can get 24%, this would be worth the risk? It depends on if you think the risk they will end up either getting hacked (and having all their money stolen) or running away with customer money by the time you withdraw your money is less then 24%. If you can reasonably conclude that the chances of this happening are less then it is a good idea to hold your money there, if you think the chances are greater then 24% then you should not keep your money with bitfinex |
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bl4kjaguar
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November 10, 2014, 04:35:16 AM |
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You will soon be able to insure your exchange balance using the bitsurant platform. http://www.bitsurant.com/ |
1CuUwTT21yZmZvNmmYYhsiVocczmAomSVa
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chaosknight
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November 10, 2014, 06:09:40 AM |
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you should store your bitcoins on your local desktop/laptop
send them to exchanges when you want to trade
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cryptoFRED
Newbie
Offline
Activity: 42
Merit: 0
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November 12, 2014, 08:38:48 AM |
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No exchange is a safe place to store your coins. Keep the money there only when trading.
absoluty right! even the most secure can go bust! i lost some btc on MTgox, that was the biggest and most secyre exchange and just died. |
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BitBear2
Newbie
Offline
Activity: 42
Merit: 0
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November 12, 2014, 04:13:32 PM |
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No exchange is a safe place to store your coins. Keep the money there only when trading.
absoluty right! even the most secure can go bust! i lost some btc on MTgox, that was the biggest and most secyre exchange and just died. I also got burnt by mtgox, so think twice before leaving your BTCs on some exchange  |
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xcom
Newbie
Offline
Activity: 56
Merit: 0
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November 13, 2014, 06:55:20 PM |
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You should keep BTC on own wallet. use exchange only when it is necessary.  |
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leen93 (OP)
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November 13, 2014, 08:16:53 PM |
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thanks for all your reactions. I don't have any btc online anymore  |
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