Quote from: I_am_the_one_who_knocks on January 07, 2014, 02:58:09 PM

Quote from: Grimwald on January 07, 2014, 02:33:18 PM

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?

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? Wink

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!

Thanx for the replies:
To I_am_the_one_who_knock those are pretty basic indicators that I would agree on but apparently there are no guaranteed "safe" exchanges for crypto.

I was looking into 2 well known exchanges and did some research only to find that a number of the members here who had used them for sometime have had multiple issues which have yet to be resolved. I refer to cryptsy and coins-e.

No I'm not in Europe Canada here but thanx for the referal