Are Exchances stealing your BTG? | Bitcointalksearch.org

RoommateAgreement

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Bazinga!

Quote from: JMAHH on October 28, 2017, 03:51:24 PM

Yobit was one of the most honest exchanges during this fork, a lot of exchanges like poloniex, cryptoppia or bittrex are just keeping the bitcoin gold for theirselves, and so many other exchanges did the same during bitcoin cash fork, they just keeped the money.

yeah, it is funny how the worst exchange of all times (being Yobit) is becoming a lot better an much more honest than the biggest exchanges that used to be the most trusted exchanges out there (being Bittrex and how they are stealing their user's funds these days).

i still do not trust Yobit but i have used them for Bitcoin Gold airdrop and i had a very good experience with the whole platform. the support answered me fast, the plan and times were perfectly clear with a nice countdown and they did honor the airdrop right on time. and i dumped BTG at the highest price possible ANYWHERE at 0.19BTC and then withdrew my bitcoin the next day.

bayu7adi

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dont be greedy

they have secured BTC safely. and you do not lose if you do not get BTG. BTG is free , keep in mind this is free give away...

Kyraishi

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Quote from: Cointoad on October 27, 2017, 11:22:01 AM

I was wondering. What is stopping exchanges that don't support the new BTG using your bitcoin and claiming it for them selves, without you ever knowing about it?

Like Bittrex and cryptopia, they didn't support the Bitcoin Gold. But what is stopping them to use your bitcoin to collect bitcoin gold, without you ever knowing?

What is your opinion guys?

It's this simple. If they don't support BTG then BTG users will likely just not use them to store their coins on when the blockchain snapshot is taken. There should be very clear PSAs about the situation, or you shouldn't store funds with them.

Exchanges are free to do wahtever they like, but they need to let the public know beforehand.

slaman29

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Livecasino, 20% cashback, no fuss payouts.

Quote from: Cointoad on October 27, 2017, 11:22:01 AM

I was wondering. What is stopping exchanges that don't support the new BTG using your bitcoin and claiming it for them selves, without you ever knowing about it?

Like Bittrex and cryptopia, they didn't support the Bitcoin Gold. But what is stopping them to use your bitcoin to collect bitcoin gold, without you ever knowing?

What is your opinion guys?

The point here is, if you don't control your own funds and have to trust someone else or a third party, like any of the exchanges you mention... then yes, of course there is nothing to stop them from ever doing anything to:

"collect bitcoin gold" or any other fork coin

"collect" airdrops like byteball and stellar lumens.

do something else with your bitcoin.

run with it one day.

Learn your lesson. Don't store coins at exchanges, fork or no fork.

BitHodler

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Quote from: Cointoad on October 27, 2017, 11:22:01 AM

I was wondering. What is stopping exchanges that don't support the new BTG using your bitcoin and claiming it for them selves, without you ever knowing about it?

Like Bittrex and cryptopia, they didn't support the Bitcoin Gold. But what is stopping them to use your bitcoin to collect bitcoin gold, without you ever knowing?

What is your opinion guys?

Nothing is stopping them. Point is that if an exchange openly says that it doesn't support a certain fork, that people have to accept this even though they may not like it ~ it's their platform so you go by their rules.

If the exchange in question is liquidating their fork coins despite them explicitly having stated that they don't support it, it's quite scummy and very unprofessional, but again, it's their platform.

If you want to make sure you end up with every fork coin, then temporarily move the coins to your own wallet and wait for the snapshot to be taken of the blockchain. It's all common sense that we're talking about here.

JMAHH

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Yobit was one of the most honest exchanges during this fork, a lot of exchanges like poloniex, cryptoppia or bittrex are just keeping the bitcoin gold for theirselves, and so many other exchanges did the same during bitcoin cash fork, they just keeped the money.
But polo and bittrex distributed the bitcoin cash to bitcoin holders on the previous fork, i dont think that they are going to do the same at this time, you will only have to wait until you hear further notices.

Taki

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Activity: 1078

Merit: 514

I use YoBit and I have noticed that they began to take a little part of my money every time when I withdraw. That is happening for few months already, everything that is going after the dot, all that Cents are going away every time. Yes, it is not so much, but if to think that they do so with every user every day, the sum doesn't seem so little.

richardsNY

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I don't care because it will never affect me. If there is a fork coming up, I make sure all my coins are under my own control, offline. Once the fork is initiated, and I plan to continue trading, I'll simply deposit my coins again -- nothing difficult here. I just don't understand why people don't hold their coins offline, but still complain about what an exchange might or might not do. People for once should take some responsibility for their actions when it comes to leaving coins in an exchange....

TheCoinFinder

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Well, you can't make intense hatered anouncements against exchanges yet because i think every exchange notify their users before upcoming fork and clearly give the decision whether they shall be suppprting fork or not.
You had a chance to move your btc, now you can't blame them.

FLoving

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Quote from: Cointoad on October 27, 2017, 11:22:01 AM

I was wondering. What is stopping exchanges that don't support the new BTG using your bitcoin and claiming it for them selves, without you ever knowing about it?

Like Bittrex and cryptopia, they didn't support the Bitcoin Gold. But what is stopping them to use your bitcoin to collect bitcoin gold, without you ever knowing?

What is your opinion guys?

I think they are not going to steal anyone money as they are not going to provide their private keys to anyone and if they will provide their private keys to bitcoin gold then they will definitely ask their members to change their addresses to new one which yobit has done in the past so in this case if they will not support bitcoin gold for their users then we can say that they are stealing their members bitcoin gold.

bitjoin

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Quote from: Cointoad on October 27, 2017, 11:22:01 AM

I was wondering. What is stopping exchanges that don't support the new BTG using your bitcoin and claiming it for them selves, without you ever knowing about it?

Unless they stated pre fork you would be paid out the coins of BTG i guess they are legally free to use your BTG. I myself actually had coin in kraken before the fork so i guess the BTG is theres. Bitfinex paid out everyone in full.

btcney

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Quote from: Cointoad on October 27, 2017, 11:22:01 AM

I was wondering. What is stopping exchanges that don't support the new BTG using your bitcoin and claiming it for them selves, without you ever knowing about it?

Like Bittrex and cryptopia, they didn't support the Bitcoin Gold. But what is stopping them to use your bitcoin to collect bitcoin gold, without you ever knowing?

What is your opinion guys?

I'm pretty sure that in Bittrex's case they don't support bitcoin gold as a trading pair but what they do support is being able to withdraw bitcoin gold at a certain time when they enable the option to claim bitcoin gold for bitcoin holders at the fork.

What's stopping them? Well if people don't get a clear policy from the exchange that says they are going to give people their respective BTG before the fork then they are likely going to pull their money out of the exchange. It's all about exchange policies.

bL4nkcode

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Limited in number. Limitless in potential.

You have an internet connection right? There are too many ways, articles and tutorials on how you can get your BTG around the internet. Then why you still put your btc on the exchange since you know that they dont support it? Com'on man, exchanges always give an update if they will give a support on some fork coins or not. Don't blame this exchanges, its your fault after all.

Potato Chips

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yesssir! 🫡

Hold your horses now because the code isn't even complete and that also applies on its replay protection. So until its reviewed and deemed to be safe and stable. Exchanges has all the reasons to not support it.

Furthermore an official statement before the said fork will be released so If you can always withdraw your funds, I wouldn't call it stealing. Although it'll be a different story if they'd promised they'll credit their users but did not, but instead they delayed it. Now thats suspicious as they can dump them when the price is high and just buy back again when it falls thus it'll be the coins they will distribute for their users.

crazyivan

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Well, it s useless coins with s worth nothing. So why r u so upset again? You could ve held your BTC into your own wallet if you wanted BTCgold.

pinkflower

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Quote from: Cointoad on October 27, 2017, 11:22:01 AM

I was wondering. What is stopping exchanges that don't support the new BTG using your bitcoin and claiming it for them selves, without you ever knowing about it?

Like Bittrex and cryptopia, they didn't support the Bitcoin Gold. But what is stopping them to use your bitcoin to collect bitcoin gold, without you ever knowing?

What is your opinion guys?

Its your responsibility to know if your exchange will list and distribute BTG to their customers, and if it doesnt, then you can pull out all your BTC from there temporarily and deposit them in an exchange that supports it. But if an exchange said that they would support BTG but didnt, then thats when you can say that your exchange is taking advantage of you.

muraqaba

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Quote from: nareshrohra on October 27, 2017, 12:42:50 PM

Exchanges were quite transparent about whether they will support the forked currency or not. You always had option to move your coins out of exchange prior to the fork. during the fork most exchanges (maybe wallets as well) locked the wallet because of technical reason.

honestly they waited to the last minute to say whether or not they were going to support it. i dont like moving my btc around so much because the fees are to high.

nareshrohra

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Exchanges were quite transparent about whether they will support the forked currency or not. You always had option to move your coins out of exchange prior to the fork. during the fork most exchanges (maybe wallets as well) locked the wallet because of technical reason.

European Central Bank

legendary

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let's see whether it becomes an actual working chain before getting uptight about it. i have serious doubts it'll ever exist.

the exchange that don't support it have told people. it's up to them to get it off those exchanges. if they don't then i don't care what happens to their btg. it was stated clear enough.

bitmex did the same for bch and were upfront about it.

muraqaba

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Quote from: neurotypical on October 27, 2017, 11:36:28 AM

Quote from: Cointoad on October 27, 2017, 11:22:01 AM

I was wondering. What is stopping exchanges that don't support the new BTG using your bitcoin and claiming it for them selves, without you ever knowing about it?

Like Bittrex and cryptopia, they didn't support the Bitcoin Gold. But what is stopping them to use your bitcoin to collect bitcoin gold, without you ever knowing?

What is your opinion guys?

Yes they are. Every exchange that doesn't list forks is stealing a certain amount of money that you would have received if you held your coins in your wallet as you should.

You can't bitch and moan about your forkcoins being lost if you are lazy enough to leave your BTC in exchanges. You can't also expect exchanges to list every fork under the sun.

what wallets beside exchanges supported bitcoin gold? i dont think it was about being lazy by not holding your coins in your own wallet to me it seems safer if its bitcoin.

Topic: Are Exchances stealing your BTG? (Read 607 times)