I have been looking at different trading sites and am wondering the following:
What are the green, yellow, red indicators when checking out a site?
What are the green, yellow, red indicators when checking out a site?
In general with all things around "handling money online" I would suggest to imagine that you're trying to register a normal "checking account".
You would not trust your salary to some dubious website, would you?
The following tips might be of use:
Green Indicators
- Important: Officially backed by a financial institute.
- Large website, media coverage.
- No known security leaks.
- Operator is a registered company.
Red Indicators
- No information about the operator.
- Operator registered in a place that is known to be home to a lot of bogus companies. (Cayman Islands?)
- Website functionality clearly broken sometimes.
Quote
If you post a "Stay away" or "This is a great sight" please provide a reason why it is bad or good.
If you're living within Europe I can definitely suggest bitcoin.de.
Although they've had problems (especially during the first big crash in 2013) in the beginning the exchange service is running smoothly now:
They're adhering to AML guidelines, have an official partner bank, offer fast support and have a pretty active community.
And it's available in English!