1). The exchanges appear to be unregulated and trusting them can lead to a load of heartache (Read MtGox here).
2). Time taken to send bitcoins to these exchanges (with confirmations) can be rather lengthy and this may lead to missing any good buy/sell windows.
With these 2 issues in mind, can anyone see a way round them so that you can leave coins on exchanges safely? Or at least speed up the transaction?
2). Time taken to send bitcoins to these exchanges (with confirmations) can be rather lengthy and this may lead to missing any good buy/sell windows.
With these 2 issues in mind, can anyone see a way round them so that you can leave coins on exchanges safely? Or at least speed up the transaction?
check out Open Transaction - this technology should be coming to an exchange near you, just ask for it. (Supply and Demand)
How would open transactions be implemented to current exchanges in your opinion?
Thanks