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RE: And So It Begins... Crypto Exchanges Cleaning House

in #crypto6 years ago

Customers should clean house too, withdraw all funds from Poloniex after their long "wallet freezes".
No wonder a "Goldman-Sachs backed" company purchased them.
It expresses the same patterns of behavior.
I remember that I also read about a bittrex wallet freeze, but it was not nearly as bad as poloniex.
I hope that there will be usable and cheap enough to use decentralized exchanges ASAP, and that people will adopt them.

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Yes poloniex has certainly had their issues, especially in regards to steem. Though, with new ownership it sounds like they may be more on top of things moving forward. We shall see.

Yes poloniex has certainly had their issues, especially in regards to steem. Though, with new ownership it sounds like they may be more on top of things moving forward. We shall see.

With a new ownership that is backed by Goldman-Sachs "it sounds like they may be more on top of things moving forward"?

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Bittrex disabled my account without notice or explanation. When I attempted to sign up with Poloniex, I submitted pictures from five different cameras on PCs and phones in an attempt to verify my identity before I gave up on them. I submitted a ticket too and they took a couple of months to get back to me. I had forgotten about them by then.

Good to know.
Never knew that Bittrex done such a thing.
Did you have any funds on the account that they disabled?
Which exchanges do you recommend now?

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Sorry for the delayed response. Missed your message when you posted it. I've had good luck with Coinbase and Kraken. Still hunting for a good exchange that has a large number of altcoins to choose from though, including Steem. You can also try Bitshares, which I've been meaning to do for quite some time now, but haven't found the need to make exchanges of Steem so I haven't. I'm hodling for now.

Oh also, no funds lost. I was just trying to deposit some BTC actually when I realized I was locked out of my account. Trying to verify my identity on my own did not help. Trying to contact them did not help. That spooked me on them forever. Imagine if I had money in there when they pulled that crap. I would have been SOL.

I just replied to a reply which I missed for almost a week before you replied.
These bot comments shit over my replies section.
I tried Bitshares more than once, but I was never able to register to it from my PC.
I hate them because of it, and no one helped me.
It goes to show what a shit community they are.
And people complain about their low volumes as of late.
When I had problems with Byteball, a few of its members scrambled and saved me from a painful loss.
I want a true decentralized exchange.
I am also in search for worthy currencies.
STEEM is something which I know its usages but have only minuscule faith in.
Would like to sell it for a better alternative.
Byteball I like.
In search for more.
So your funds were saved due to sheer luck that you had no funds in your account?
I wonder if they stole others' funds, but I have yet to see such a claim about them.
This is another reason to insist on a DEX.
What is SOL?

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SOL = Shit Out of Luck

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and that people will adopt them.

For some reason, people prefer these centralized solutions. For a community based around decentralized tech, people sure resist decentralized tech.

Have you used any of the more popular decentralized exchanges? Do they have much liquidity?

There is really no liquidity, which might be partly why people don't use them, but of course that logic is circular.

New users (and new money) go to where the advertisements send them, where name recognition carries them. That's places like bittrex or binance. How to get more name recognition and liquidity on things like openledger?

How to get more name recognition and liquidity on things like openledger?

To offer a usable service could be a start.

I found OpenLedger to be usable. Just no liquidity.

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