What are some drawbacks related to Bitcoin exchange?

porter
Posts: 7
Joined: Fri Apr 07, 2017 12:00 pm

What are some drawbacks related to Bitcoin exchange?

Postby porter » Mon Apr 24, 2017 7:44 am

As Bitcoin exchange is a revolution in economic structures of the world. What are some drawbacks related to Bitcoin exchange?

hendo
Posts: 96
Joined: Thu Apr 06, 2017 10:48 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby hendo » Mon Apr 24, 2017 10:33 am

Bitcoin is a relatively new currency. some issues that are being linked with this currency are:
- low acceptance in the financial matters
- Instability - the prices are highly volatile
- Lots of imperfect features that need to be upgraded, etc.

paranoidGlitch
Posts: 112
Joined: Wed May 03, 2017 7:38 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby paranoidGlitch » Wed Sep 13, 2017 10:25 am

exchanges play as a third party in transactions cz they are indirectly owning your bitcoins.

pual
Posts: 49
Joined: Tue Sep 05, 2017 5:59 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby pual » Wed Sep 13, 2017 10:25 am

exchanges are very vulnerable to hackers' attacks.

phil
Posts: 83
Joined: Thu Apr 06, 2017 8:52 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby phil » Wed Sep 13, 2017 10:26 am

most of the exchanges provides you with low privacy.

Ray
Posts: 76
Joined: Sat Apr 08, 2017 8:23 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby Ray » Wed Sep 13, 2017 10:26 am

there are exchanges that have high fees.

reebrilliant
Posts: 109
Joined: Wed Apr 26, 2017 8:37 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby reebrilliant » Wed Sep 13, 2017 10:27 am

the client doesn't knows the private key of his wallet instead exchange has it. Which implies that your bitcoins are in someone else custody.

Reyes
Posts: 66
Joined: Sat Apr 08, 2017 6:13 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby Reyes » Wed Sep 13, 2017 10:28 am

exchanges don't provide you any refunds in the case of losing bitcoins through some unknown means.

Reynolds
Posts: 58
Joined: Fri Apr 07, 2017 10:44 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby Reynolds » Wed Sep 13, 2017 10:29 am

the exchanges don't have very high level of security.

richardson
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Joined: Fri Apr 07, 2017 5:54 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby richardson » Wed Sep 13, 2017 10:30 am

some of the top exchanges are very slow.

rivera
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Joined: Fri Apr 07, 2017 5:45 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby rivera » Wed Sep 13, 2017 10:31 am

a bad interface can also be a drawback of exchanges.

robb
Posts: 44
Joined: Sat Apr 08, 2017 11:25 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby robb » Wed Sep 13, 2017 10:31 am

some of the exchanges have very low limits of bitcoin purchases.

dragonmax
Posts: 112
Joined: Wed Apr 26, 2017 8:56 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby dragonmax » Thu Sep 14, 2017 7:13 am

There is no central bank for bitcoin.

truelegend
Posts: 71
Joined: Tue Sep 05, 2017 7:48 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby truelegend » Thu Sep 14, 2017 7:14 am

Hacker mostly hack from exchange sits because it is easy to make fraud on that side.

dynastyQB
Posts: 100
Joined: Wed May 03, 2017 7:17 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby dynastyQB » Thu Sep 14, 2017 7:14 am

Transaction cannot reverse for any reason.

evilzero
Posts: 96
Joined: Wed May 03, 2017 7:20 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby evilzero » Thu Sep 14, 2017 7:15 am

Supply is not manipulated by any government.

shinedown
Posts: 46
Joined: Wed May 03, 2017 7:23 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby shinedown » Thu Sep 14, 2017 7:15 am

Supply is not manipulated by any government.

walton12
Posts: 88
Joined: Wed May 03, 2017 7:24 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby walton12 » Thu Sep 14, 2017 7:16 am

Most chance of fraud

myloman
Posts: 67
Joined: Wed May 03, 2017 7:26 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby myloman » Thu Sep 14, 2017 7:16 am

Have to keep in touch with the market.

adolchristin
Posts: 70
Joined: Wed May 03, 2017 7:28 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby adolchristin » Thu Sep 14, 2017 7:17 am

Yes you have to keep in touch with market otherwise you can get in loss.

azimiballer
Posts: 114
Joined: Wed May 03, 2017 7:31 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby azimiballer » Thu Sep 14, 2017 7:17 am

Pay for any new transaction.

chrome47
Posts: 72
Joined: Wed May 03, 2017 7:33 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby chrome47 » Thu Sep 14, 2017 7:17 am

Yes In exchange site you have to pay for any new transaction.

Kennedy
Posts: 81
Joined: Fri Apr 07, 2017 12:55 pm

Re: What are some drawbacks related to Bitcoin exchange?

Postby Kennedy » Tue Sep 19, 2017 6:31 am

There are many drawbacks of bitcoin exchange.

kevin
Posts: 80
Joined: Thu Apr 06, 2017 8:09 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby kevin » Tue Sep 19, 2017 6:32 am

Bitcoin exchange is not secure as you think.

lahm
Posts: 128
Joined: Wed Apr 19, 2017 7:28 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby lahm » Tue Sep 19, 2017 6:32 am

Hackers mostly attack on bitcoin exchange sites because at exchange site it is easy to hack on market.

laws
Posts: 66
Joined: Sat Apr 08, 2017 10:35 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby laws » Tue Sep 19, 2017 6:33 am

You don’t have your bitcoin in exchange you just have a address of transaction which is paid.

lucas
Posts: 70
Joined: Thu Apr 06, 2017 8:45 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby lucas » Tue Sep 19, 2017 6:34 am

Yes in exchange u don't have ur bitcoin just the transaction address and you have to pay each new transaction because the it will expire after one transaction.

Ningergy
Posts: 74
Joined: Thu Apr 27, 2017 5:19 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby Ningergy » Tue Sep 19, 2017 6:34 am

Bitcoin Valuation Fluctuates is the big drawback if the person is busy and don't check the valuation then at any time price will fall and a big loss.

natasha
Posts: 76
Joined: Thu Apr 06, 2017 7:46 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby natasha » Tue Sep 19, 2017 6:34 am

Value Fluctuates in very short time.

nicholas
Posts: 61
Joined: Thu Apr 06, 2017 8:45 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby nicholas » Tue Sep 19, 2017 6:35 am

No Buyer Protection is also a drawback

nishines
Posts: 95
Joined: Wed Apr 26, 2017 8:53 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby nishines » Tue Sep 19, 2017 6:35 am

Risk of Unknown Technical Flaws

Ortiz
Posts: 98
Joined: Fri Apr 07, 2017 11:17 am

Re: What are some drawbacks related to Bitcoin exchange?

Postby Ortiz » Tue Sep 19, 2017 6:36 am

No Valuation Guarantee

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