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Note: According to their terms[1] if ExchB looses your money (either USD or BTC) they are not liable for that money. Bitcoin is interesting, but these exchange
by timtadh 15y ago
Note: According to their terms[1] if ExchB looses your money (either USD or BTC) they are not liable for that money. Bitcoin is interesting, but these exchange markets are so shady. There is essentially zero consumer protection when using them. I have the expectation when I deposit money in an account to have the assurance that money will be available to me, no matter what. ExchB does not guarantee that. Therefore, I will not use their service or another until such reasonable guarantees can be made.
[1] https://www.exchangebitcoins.com/terms https://www.exchangebitcoins.com/terms
- javert 15y agoMy apologies for saying something similar in a different comment, but: Step 1: Deposit money to ExchB Step 2: Withdraw bitcoins Only vulnerability for you is when you've done Step 1 but not Step 2 yet. Don't do humongous deposits, and don't have multiple outstanding transactions with ExchB, and you'll be fine.