Post
Topic
Board Speculation
Re: So, why did Bitstamp suspend fiat withdrawals?
by
WillyBTC
on 11/01/2015, 10:02:11 UTC
They are protecting their own interests at the expenses of yours.
that's also true. but i like Bitstamp, so i would prefer if it wasn't deserted immediately

it's been looking for a long time like Bitstamp was deserted. i left there in september 2013 and never looked back. horrible engine, bad liquidity. and liquidity/volume has only gotten worse there over time.

Yeah, I left around that time, sometime in fall 2013 anyway. It was around the time that they started requiring verification. Turned out to be a good choice in the long run. I'm on Okcoin and Bitfinex now.

Would you say Okcoin and Bitfinex are trustworthy? Do they have insurance for if they get hacked?

None of the exchanges are trustworthy. All of them are pretty incompetent. All of them could do what Gox did. This is the added risk that traders need to account for.