Should I switch from Bitstamp to something else?

[Wary]

Isn't it time to switch from stamp to some other exchange?
Stamp's volume is going down, so big slippage, it's fee is higher (0.2-0.5% vs 0.1-0.2% at finex). And it's been hacked.

If switch, to which one? Are other exchanges even more risky? Hacking, goxing, ban, ...

[bassclef]

Finex, if you're a good trader. You can make bank on leverage. But only if you're a good trader and know how to limit risk, set stops, etc. Would not recommend to newbs.

[Wary]

Finex, if you're a good trader. You can make bank on leverage. But only if you're a good trader and know how to limit risk, set stops, etc. Would not recommend to newbs.

Thanks. Although I'm too wary for leverage.

[ronald98]

The Kraken is low volume but had some sort of audit.

[MatTheCat]

Finex, if you're a good trader. You can make bank on leverage. But only if you're a good trader and know how to limit risk, set stops, etc. Would not recommend to newbs.

[bassclef]

Finex, if you're a good trader. You can make bank on leverage. But only if you're a good trader and know how to limit risk, set stops, etc. Would not recommend to newbs.

Hehe true, the market makers regularly gun for them, so I refrain from using them myself.

[HeliKopterBen]

I would be a bit cautious about stamp now.  They are following a similar pattern as all other failed exchanges.  First they get hacked and then volume starts to decline.  Who knows how much they really lost.  Maybe they will have a (trustworthy) audit and prove they are solvent.  Until then I would avoid them like the plague.  If we start seeing complaints about withdrawals not going through (fiat or bitcoin) and unresponsive support, then we know something is up.  They could still correct the situation, but they have started down that path.

[ElectricMucus]

btc-e is actually quite useable if you disable the trollbox.

[tarmi]

what is this anti-stamp campaign?

to me it is pretty obvious that trading on bitfinex carries more risks than btc-e or bitstamp.

[ElectricMucus]

what is this anti-stamp campaign?

to me it is pretty obvious that trading on bitfinex carries more risks than btc-e or bitstamp.

Don't you know, we evil alternate exchange users are payed to badmouth the dominant one because our providers are jealous of their success, we brought down gox and stamp is next. Mwhahahahaha!

[tarmi]

bitstamp isn't dominant, never was.

[Wary]

what is this anti-stamp campaign?

Not at all. In fact, bitstamp is the best exchange I've ever used (I've used only two of them so far, stamp and gox ).

to me it is pretty obvious that trading on bitfinex carries more risks than btc-e or bitstamp.

It's what I'm most interested in. Which risks are you referring to? Why are they higher in bitfinex and lower at btc-e? Could you elaborate?

[ElectricMucus]

Right, it seems out shilling masters aren't that picky. Bonus points if you get your shilling checks from a bank and an exchange!

[tarmi]

what is this anti-stamp campaign?

Not at all. In fact, bitstamp is the best exchange I've ever used
[I've used only two so far, stamp and gox  ]. So asking people about other exchanges.

to me it is pretty obvious that trading on bitfinex carries more risks than btc-e or bitstamp.

It's what I'm most interested in. Which risks are you referring to? Why are they higher in bitfinex and lower at btc-e? Could you elaborate?

because insider trading, trading on margins, front end algos/bots prevening crashes, etc.

 if they fuck up something guess who will pay.

[Bobsurplus]

Finex, if you're a good trader. You can make bank on leverage. But only if you're a good trader and know how to limit risk, set stops, etc. Would not recommend to newbs.

Thanks. Although I'm too wary for leverage.

Dont be scared.. Just know your limits and play within them. Futures are a real good money making opportunity if you can predict right. Just dont be a bitch otherwise you can go broke real fast.

P.s. Use localbitcoins or a btm if you need to sell some.. never use these centralized exchanges.

[ElectricMucus]

It's what I'm most interested in. Which risks are you referring to? Why are they higher in bitfinex and lower at btc-e? Could you elaborate?

He can't because it doesn't fit into his mindset, he just parrots whatever is considered the most "pro Bitcoin" at the time.

The risks you have with btc-e are they are in an obscure eastern European country, and Anonymous.
With bitfinex you are risking being defrauded by frontrunning from them (forcing a short/long squeeze).

On the other hand neither btc-e of bitfinex pretends to be Captains of Industry which is, imo a huge plus.

[Wary]

tarmi, Bobsurplus  - thanks.

[Bobsurplus]

tarmi, Bobsurplus  - thanks.

YW!

[catena5260]

what is this anti-stamp campaign?

to me it is pretty obvious that trading on bitfinex carries more risks than btc-e or bitstamp.

Bitstamp has the habit of harassing the customers with verification things, sometimes freezing funds for a big while.


Also they proved to be sort of sloppy with security

[ogdenmorten]

still - i prefer bitstamp over bittfinex