Are Exchanges becoming too unstable ? - page 2.

uszaty43

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Please, tell me, how the fuck is using Kraken? This exchange is quite old, no one is using this one any more, and it has scammed a lot of people during the last two months.

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Kraken used to be absolutely horrible, you kept getting a 520 error and you kept having to enter trades over and over and hope you didn't get the dreaded red line showing an error.

No offense, but it is full of good exchanges right now, like Kucoin, IDEX, and a few more others who are newbie exchanges, but they are trying to gain a lot of trust in order to be a giant ones.

And binance is working fine too.

alyssa85

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Quote from: BigBadBitBaron on January 19, 2018, 04:35:31 PM

Anyone else experiencing these issues with these, or any other exchanges ??

Kraken used to be absolutely horrible, you kept getting a 520 error and you kept having to enter trades over and over and hope you didn't get the dreaded red line showing an error.

But they upgraded their engine last week and it now works smoothly even at times of high volume.

I expect most exchanges are experiencing growing pains, none would have planned for users to have increased so much.

minersday

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Quote from: BigBadBitBaron on January 19, 2018, 04:35:31 PM

Coinsmarkets has not been available for over 2 weeks ~~ who knows if it ever coming back..
In Yobit you take a gamble that the coins wallet is not in maintenance when purchasing..
And Now... CoinExchange has just gone offline, reading "server not found"

And what does it mean? Just think about it for a while.

Those 3 exchanges are the biggest shit that has ever been created, look at their volume, they are shit and no one is using them. Why do you think that all the scammy coins are getting listed on YoShit?

Because it is VERY easy to get your coin listed in there.

And CoinExchange is back right now, just go to their twitter profile and you will see that.

tabas

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Quote from: beskid on January 20, 2018, 03:04:35 PM

Almost all large and reliable exchanges of cryptocurrencies remain as stable as before.

They used to be good before but I agree with Big bad bit Baron. Most of them changed and the reason is because there are too many new investors that use to start trading. Their databases, support tickets seems to be crowded with new queries, info's that has been adding thousands of users from time to time so that will be their issue for now and they have to adjust and upgrade to cater more users in the future.

richardsNY

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Quote from: klarki on January 20, 2018, 03:22:34 PM

Are you sure about this?
For example, today Bittrex works very slowly.

Of course it's not true. That user is just rambling nonsense. Bittrex has been slow for quite some time now, which makes trading difficult and unpleasant since the markets are more active than ever before. They performed a pretty large upgrade not that long ago, but things aren't that improved to be honest. It either wasn't enough, or they just tweaked their exchange instead of investing in more bandwidth and whatnot. Kraken is also not optimal when it comes to performance, and that while they have undergone an upgrade as well.... It's just annoying that they can't solve their problems at once. It requires one solid investment to make yourself a bit more future proof, but that's too much to ask for. All these minimal improvements are very short lasting with how this market is growing.

klarki

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Quote from: beskid on January 20, 2018, 03:04:35 PM

Almost all large and reliable exchanges of cryptocurrencies remain as stable as before. More small exchanges that lure their users with all sorts of excuses can really go offline because of the glut of users.That this is only the beginning of the era of crypto currencies and people in the world are just beginning to learn about this either!

Are you sure about this?
For example, today Bittrex works very slowly.

beskid

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Almost all large and reliable exchanges of cryptocurrencies remain as stable as before. More small exchanges that lure their users with all sorts of excuses can really go offline because of the glut of users.That this is only the beginning of the era of crypto currencies and people in the world are just beginning to learn about this either!

Hamphser

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Quote from: BigBadBitBaron on January 19, 2018, 04:35:31 PM

Don't know if it's just me, but i've noticed that most exchanges have been suffering stability issues
over the past few days/weeks.

Coinsmarkets has not been available for over 2 weeks ~~ who knows if it ever coming back..

In Yobit you take a gamble that the coins wallet is not in maintenance when purchasing..

Quite a few exchanges have also had to restrict new registrations due to over-loading ?

And Now... CoinExchange has just gone offline, reading "server not found" .. Updating transactions
has been extremely slow for a while now on CoinExchange...

Anyone else experiencing these issues with these, or any other exchanges ??

Well, you are not the only one who do notice these kind o scenarios and the current situation on most exchange site where they do suffer these kind of things which do have the common reason is that its being flooded by lots of people who do make use of the site. Lets say an exchange do make closure on registrations then this step is eventually considerable that they would really need to stop to fix backlogs on recent users.If people keeps coming in slowdown of the site will surely happen.Talking about yobit then its not surprising since that is a shady exchange since from the very start. Grin

Wipro

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Quote from: chiggz on January 20, 2018, 06:48:03 AM

The exchanges you mentioned are not highly recommend. Stability is one of the few issues. Even for the top exchanges, due to the influx of high amount of users a lot of other issues are faced. No wonder the registrations are kept on hold or disabled in many, which I feel is the right step taken. My Bitfinex support replied like after 25 days which is a long time due. The support is like the back bone of the exchange and everyone lacks to provide it.

When you are keeping thousands of dollars in the exchanges, its always a nightmare if your funds will be available the next day to not. And always, never use your exchange as a wallet if you are holding the coins.

As you said most of the exchanges stopped the registration from the past some months. We need to find the better profit you should invest on multiple coins and trade it on daily basis to earn the more money. When you get the issue on the exchanges mostly support use to reply and assist the issue accordingly, but recent days none of them are not giving assistance on the time.
They takes long time to reply and share the feedback as well. If you keep the fund for long time you may loose the fund all you have. Many hacking attacks has been done with the online wallets and exchanges only.

Stedsm

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With all the obstacles being thrown one by one over exchanges, it's getting more and more harder for them to remain in the game for longer. Some have overloading issues (not able to deal with traffic), some have got an overwhelming growth in the number of registrations that was unexpected (unable to let new users coming in by restricting registrations for longer time), some are experiencing the rebuke of Governments by getting such activities banned in their country, while some are unable to handle newer people because of the KYC workload being increased and least manpower is available to them at the moment. Even my local exchanges have stopped intervening between traders and have now set up straight maker and taker fees (expensive enough) to be paid directly to them. Looks like these exchanges were just interested in preparing a good base after which they were to take such steps. For others, I think they are not able to meet the demands of Bitcoins which is why they might be keeping their websites shut till they gather something huge.

chiggz

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The exchanges you mentioned are not highly recommend. Stability is one of the few issues. Even for the top exchanges, due to the influx of high amount of users a lot of other issues are faced. No wonder the registrations are kept on hold or disabled in many, which I feel is the right step taken. My Bitfinex support replied like after 25 days which is a long time due. The support is like the back bone of the exchange and everyone lacks to provide it.

When you are keeping thousands of dollars in the exchanges, its always a nightmare if your funds will be available the next day to not. And always, never use your exchange as a wallet if you are holding the coins.

Kemarit

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Quote from: btcton on January 20, 2018, 02:27:54 AM

The concept really is no different than any other kind of website or application service. There will be scalability issues, no matter the servers, because nothing can quite run at the same time due to concurrency complications in the back-end. Everything has to be well designed, and given the nature of most exchanges which rush to obtain as much of the market as possible, they prioritize a fast to implement design over a good, scalable one. The industry's nature makes it so that exchanges want to be created and available as soon as possible. Scalability comes later as the market increases. With the recent increase in popularity and volatility of Bitcoin, exchanges have not had the time to adapt. Whose fault this is is up to the customers to say.

Yes, with the current surge of customers, exchanges can't cope with the demand, their services started to declined, and the best way to cope with is to have downtimes, closing its membership. However, as a service provider, they should at all cost, upgrade their infrastructure so that they can give us better support. I think they can really adapt it at the background, well if a downtime is needed, I think it should be at a minimum so that customers like us will continue to used them. They are earnings millions by now, its about time that they should provide us seamlessly.

btcton

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The concept really is no different than any other kind of website or application service. There will be scalability issues, no matter the servers, because nothing can quite run at the same time due to concurrency complications in the back-end. Everything has to be well designed, and given the nature of most exchanges which rush to obtain as much of the market as possible, they prioritize a fast to implement design over a good, scalable one. The industry's nature makes it so that exchanges want to be created and available as soon as possible. Scalability comes later as the market increases. With the recent increase in popularity and volatility of Bitcoin, exchanges have not had the time to adapt. Whose fault this is is up to the customers to say.

Koro-Sensei

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Quote from: BigBadBitBaron on January 19, 2018, 04:35:31 PM

Don't know if it's just me, but i've noticed that most exchanges have been suffering stability issues
over the past few days/weeks.

Coinsmarkets has not been available for over 2 weeks ~~ who knows if it ever coming back..

In Yobit you take a gamble that the coins wallet is not in maintenance when purchasing..

Quite a few exchanges have also had to restrict new registrations due to over-loading ?

And Now... CoinExchange has just gone offline, reading "server not found" .. Updating transactions
has been extremely slow for a while now on CoinExchange...

Anyone else experiencing these issues with these, or any other exchanges ??

I doubt it will be as reliable than before. Alts are bleeding but not always is the good time to invest ita risky to buy Alts using BTC cause its too low to risk in and you're suffering from a huge loss if youd invest on a high wage but low rate.

magneto

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Since when was exchanges stable? Ever since Mt Gox there hasn't been much improvement. There was cryptsy, which was the premier choice for altcoin exchanges back in the days, which in the end blew itself up. There was the bitfinex hack. There was poloniex, which is unstable as hell even now.

The exchanges that you listed aren't even as trusted as these exchanges, first you need to move to bigger and more regulated exchanges to ensure that even in the event of something going wrong, you have the peace of mind of knowing that it's regulated by a government. These small exchanges, cryptopia, coinexchange, novaexchange, etc. can run away any time they want.

Exchanges hold your money for you. Any service which requires you to send them money is risky, and often unstable.

cpfreeplz

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Um you're on piece of shit exchanges, so yeah they're going to be sketchy as hell, lag and screw tings up. All the while they'll have no support and you'll be screwed. Use bigger better exchanges and you should be okay, but obviously look how that turned out with mtgox. Who knows. Just keep your own private keys unless you're actively exchanging cryptos.

timerland

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Quote from: BigBadBitBaron on January 19, 2018, 04:35:31 PM

Don't know if it's just me, but i've noticed that most exchanges have been suffering stability issues
over the past few days/weeks.

Coinsmarkets has not been available for over 2 weeks ~~ who knows if it ever coming back..

In Yobit you take a gamble that the coins wallet is not in maintenance when purchasing..

Quite a few exchanges have also had to restrict new registrations due to over-loading ?

And Now... CoinExchange has just gone offline, reading "server not found" .. Updating transactions
has been extremely slow for a while now on CoinExchange...

Anyone else experiencing these issues with these, or any other exchanges ??

Definitely not just you. I feel the pain as well, bittrex legacy accounts seem to be downgraded to basic unverified now, poloniex is getting rid of legacy accounts also. So pretty much, you have to be completely verified to be able to use an exchange safely. Otherwise you're going to suffer from all sorts of issues ranging from uncredited deposits to processing withdrawals.

The lag on bittrex is still pretty big, and some exchanges like yobit is only getting worse when their reputation initially was already bad enough.

I don't know why. Some exchanges used to be a great place to be, and their support always active and you could expect a response within a day. But now you're lucky to receive on in a month, in some cases. I guess it's because volume and number of accounts has exploded alongside the crypto markets.

Protected101

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Exchangers are being unstable because they need due process before it was implement in some services they allow.There are some problems like volume of the customers who use it so thats many exchangers are not stable now.

1Referee

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Exchanges have been unstable for quite some years now, where some have had more problems with high usage peaks than others. I have always found our current exchanges to be far too incompetent on several fronts, and still think like that today. In recent times more than ever becomes clear how exchanges are having problems with increased usage. I definitely understand that we have experienced a massive amount of growth in such a short period of time, but you as exchange can't always keep using the same excuses endlessly. In some cases exchanges have had plenty enough time to upgrade their servers and trade engines, but it still seems that they haven't done anything other than just mildly increasing their server capabilities. They are generating more trading fee income than ever before with these volumes, but yet they are acting like complete cheapskates looking to cut on costs everywhere.

Fidemoga

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They should prepare better for increasing number of customers. It is their business. But the crash seems not only to have bad sites. My exchangers are running smooth again. Lets enjoy, until the next coinrush will come.

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