3 ms·
Bitcoin wallets shouldn't be accessible from the exchange's code base. When a user wants to transfer funds out there should be a small fee and a human should pr
by 3pt14159 13y ago
Bitcoin wallets shouldn't be accessible from the exchange's code base. When a user wants to transfer funds out there should be a small fee and a human should process it from an secured computer. The verification step should include signing either with a cryptographic key, logging on with a hard to hack account, like gmail, or by sms verification. None of this passport / utility bill bullshit.
It's fucking amateur hour here.
- eropple 13y agoIf there was such a fee, nobody would use your exchange. That's the beauty of this whole thing. The users self-select exchanges that are insecure because they're easy.
- FootballMuse 13y agoVircurex does charge a withdrawal fee. https://vircurex.com/welcome/help?locale=en https://vircurex.com/welcome/help?locale=en
- eropple 13y agoWow. Sorry, then: that's just indefensible.
- yetfeo 13y agoExchanges usually charge a withdrawal fee to cover transaction fees. BTC-e also charge a fee for example. Bitcoin software doesn't provide (an easy if possible at all) means to compute the fee up front to pass on to the receiver. So exchanges charge a fee that to cover the average cost per transaction.