Edit @shmadz re. "Bitcoin = transparency":
BTC-e, could you tell me where it is located & who runs it, in case they decide to transparently take off with my coin?
Oops, missed this part,
I have long been suspicious of btce and yet, in my experience, they have always acted in a trustworthy manner.
I like the fact that every time I log in, I get a confirmation email, so that IF I were ever to get an email when I didn't log in it would signal me that my account is no longer secure. Also, all withdrawals from my account also require email confirmation...
I still suspect insider trading and other shenanigans on that exchange, but they've never done me wrong, although some of the spikes and swings have given me reason to question.
I don't know where they're from or where they're located, and it's always possible for a third party to just take your money and run, (recent shenanigans in cypress as an example)
Personally, I feel that CaVirtex is just as trustworthy as any other bank for the purposes of exchanging currencies, and I feel much more comfortable with keeping the majority of my liquid assets in crypto-assets that I can safely secure without any trust in a third party.