Should I trust Bter?

[hayabusa911]

How safe do you guys feel keeping your coins on Bter? I like having control over the security of my coins and can't help but feel a little anxiety when trusting this site with any large amount of money. Can I trust this site to keep my coins secure over a long time period? 

[devphp]

You shouldn't trust ANY centralized exchange to store your coins, none of them. If you do, you're asking for trouble. Having said that, Bter is ok for trading, so far haven't had any issues with them that weren't resolved in a timely manner, which has been a pleasant experience compared to some others *cough* Cryptsy *cough*.

[maurya78]

I wouldn't trust my coins with any third party. That's the whole point of btc that you take personal responsibility for your assets.

[1Referee]

How safe do you guys feel keeping your coins on Bter? I like having control over the security of my coins and can't help but feel a little anxiety when trusting this site with any large amount of money. Can I trust this site to keep my coins secure over a long time period? 

Better keep your coins in your offline wallet till you need them. It also depends on what kind of trader you are.

If you're a daytrader then I can understand that you keep your coins there for a longer time. If not, can you tell us why you would keep your coins there for a long period?

[hayabusa911]

How safe do you guys feel keeping your coins on Bter? I like having control over the security of my coins and can't help but feel a little anxiety when trusting this site with any large amount of money. Can I trust this site to keep my coins secure over a long time period?  

Better keep your coins in your offline wallet till you need them. It also depends on what kind of trader you are.

If you're a daytrader then I can understand that you keep your coins there for a longer time. If not, can you tell us why you would keep your coins there for a long period?

Yep, for trading. That's the only reason anyone would use them... I hope! 

[1Referee]

How safe do you guys feel keeping your coins on Bter? I like having control over the security of my coins and can't help but feel a little anxiety when trusting this site with any large amount of money. Can I trust this site to keep my coins secure over a long time period?  

Better keep your coins in your offline wallet till you need them. It also depends on what kind of trader you are.

If you're a daytrader then I can understand that you keep your coins there for a longer time. If not, can you tell us why you would keep your coins there for a long period?

Yep, for trading. That's the only reason anyone would use them... I hope! 

Nothing wrong with Bter as exchange, good luck with your trading.

Well, I hope people will use them also for buying goods. Would definitely help a lot

[MadGamer]

You shouldn't trust anything "Online" to keep your  coins mate.

[deluxeCITY]

How safe do you guys feel keeping your coins on Bter? I like having control over the security of my coins and can't help but feel a little anxiety when trusting this site with any large amount of money. Can I trust this site to keep my coins secure over a long time period?  

Better keep your coins in your offline wallet till you need them. It also depends on what kind of trader you are.

If you're a daytrader then I can understand that you keep your coins there for a longer time. If not, can you tell us why you would keep your coins there for a long period?

Yep, for trading. That's the only reason anyone would use them... I hope! 

It would probably be better to use a site like bitfinex if you want to keep a large amount of money on an exchange for trading. Bitfinex allows for margin trading so you could deposit only a portion of the amount you wish to risk at the exchange (and the rest in cold storage) that way if they end up getting "hacked" you will only lose access to the fraction of your money that you deposited there.

[hayabusa911]

Thanks for the advice guys! I guess I'm asking questions I already know the answers to. I'm going to use them for a while and see how things go and I would never trust them with more than I'm willing to lose. You know... "hackers" 

[Crypto_Kirito]

I'm totally new to this and rather paranoid, but surely the "not putting your eggs in one basket" approach is the best. With bitcoin or real money there always exists the chance of something going wrong. To me bitcoins on an exchange hold a greater risk or being stolen or whatnot, but it's a functional risk. That being said, I'm sure you're not the only one with a large amount of money on BTER.

[Mowcore]

Every time I had a problem with BTER and emailed support, they sorted my problem out. One occasion took a few days longer than I hoped for though. I never stored anything on there longer than I needed to though!

[Loophole]

How safe do you guys feel keeping your coins on Bter? I like having control over the security of my coins and can't help but feel a little anxiety when trusting this site with any large amount of money. Can I trust this site to keep my coins secure over a long time period? 

Unless you need to make a trade very soon, otherwise I would suggest you to never keep your coins on an exchange or any places that you don't have the private keys.

[cr1776]

How safe do you guys feel keeping your coins on Bter? I like having control over the security of my coins and can't help but feel a little anxiety when trusting this site with any large amount of money. Can I trust this site to keep my coins secure over a long time period? 

I would advise never keeping your coins with a third party. 

Use cold storage.  But make sure you do it properly.

Remember, if you don't have the private keys, you don't have the coins, you just have a book entry in your name at some third party web site.

[david wilson]

I don't think, we should don't keep our bitcoins longer on wallet without any need.

[WestHarrison]

I don't trust any exchange with my coins. I only use them and then immediately take my bitcoins out whenever it is possible.

[BorderBits]

Seeing as how every bitcoin "business" is either a scam or gets shut down due to violating numerous laws... yeah, trust it, after all, you can simply call your financial institution and have transactions reversed when you get scammed.. oh.. never mind. 

[UsernameBitcoin]

never had any problems with them

[Piston Honda]

never had any problems with them

same here

[InMyselfITrust]

Even though they have had positive reviews always look after your own money...inmyselfitrust

[Ron~Popeil]

Cold storage is by far the most secure. If you are a trader you will inevitably keep some online while trading but it would be wise to withdrawal when you are done trading even if deposit and confirm times are inconvenient.