my worth experience had been on Crypto-Bridge which had killed one of my favorite alts
aside from their awful interface, high fee and slow servers, they did messed on a project by staking with all deposits of users and a clever smart-A kid got all those staked coins and killed the altcoin price from 0.01btc to 0 by cleaning the sell wall of orders
that was a project i was counting on too much, developers had been forced to swap their coins to a completely new network to try to fix the mess but ...
there was my nightmare on crypto world since i have joined
Topic: Bad experience with exchanges (Read 790 times)
Since I started trading, I have had bad experiences with just 2 exchanges in the past.
1. COSS: I made a deposit in the exchange but my deposit didnt show in my account, I fired the support an email and after some weeks, they replied and told me to have patience because some deposits take time (imagine after 2 weeks) and I replied them that they should rectify it because it has been weeks since the incident happened, they didn't reply that mail until over a year after I sent it, very terrible exchange.
2. Coinegg: I had some tokens I wanted to sell in Coinegg, after selling the tokens, I discovered that I couldn't withdraw without completing the KYC process, so I tried to do it and they rejected it, they specified that I had to use an international passport, even my national ID card that I used to pass in all major exchanges got rejected by them, j have the passport but I just don't to use it, the funds was small so I just left it there.
1. COSS: I made a deposit in the exchange but my deposit didnt show in my account, I fired the support an email and after some weeks, they replied and told me to have patience because some deposits take time (imagine after 2 weeks) and I replied them that they should rectify it because it has been weeks since the incident happened, they didn't reply that mail until over a year after I sent it, very terrible exchange.
2. Coinegg: I had some tokens I wanted to sell in Coinegg, after selling the tokens, I discovered that I couldn't withdraw without completing the KYC process, so I tried to do it and they rejected it, they specified that I had to use an international passport, even my national ID card that I used to pass in all major exchanges got rejected by them, j have the passport but I just don't to use it, the funds was small so I just left it there.
Hello
I'm wondering if you ever had a bad experience with crypto exchange, what was it and which exchange?
Feel free to share all kind of stories.
I already had. What happens is that they hold my withdrawal in which I needed urgently. I have no choice but to wait until their evaluation has been concluded. What worse is that they required my to complete verification in their given time so that they can verify my identity and then process my withdrawal. This incedent is too inconvenient to me and hoping not to happen to anyone. I'm wondering if you ever had a bad experience with crypto exchange, what was it and which exchange?
Feel free to share all kind of stories.
Darbfinance, at first this exchange seemed potential and was supported by many supporting partners, the staking program also worked well in a few months, after I was smooth with Kyc requirements and had made a deposit. they suddenly give an announcement to suddenly close the operation and ask users to move their assets. I did not understand what they were thinking because they seemed to intend to just finish after enjoying their coin sales funds.
I've only had one bad experience on an exchange. The name of the exchange is Liquid (previously QUOINE). I created an account there and sent some TPAY (Tokenpay) as it was one of the 'big' exchanges that listed TPAY at the time. However, I faced a major hurdle when I tried to withdraw. The exchange has a policy not to allow a withdrawal unless KYC details are submitted and approved. It took me a little over a year to get my account approved before I was able to withdraw my funds. My experience was nothing to write about as I was frustrated at most points duly to how they continously declined my ID documents throughout 2018. They approved my account in 2019 via the same ID documents they've been declining since early 2018.
I've experienced a stressful situation where i can't withdraw my funds because i need to do a KYC and they are rejecting it because i need to provide more personal information which is really not good because i am providing my details more in the internet.
And some exchanges are doing delaying tactics when making a withdrawal on my account and it would take 3-5 days before it complete. That's why i onky chose exchanges that is really has a good review and if its good to keep my funds withou any hassle.
And some exchanges are doing delaying tactics when making a withdrawal on my account and it would take 3-5 days before it complete. That's why i onky chose exchanges that is really has a good review and if its good to keep my funds withou any hassle.
May i ask which exchange is that? I have to do KYC too as leaks on the internet are everyday problems. I believe that one of the main points of cryptocurrency is being anonymous.
I want to express some kind of scam happening with localbitcoin even though they have lot of security measures to save people from getting scammed.
I am trading too often on localbitcoin and there are some newbie will use you for laundering their money into bitcoin which was mostly happens through hacked account or unverified account,I didn't lost any money for this but there are some people who faced legal issues for their income transactions.
I am trading too often on localbitcoin and there are some newbie will use you for laundering their money into bitcoin which was mostly happens through hacked account or unverified account,I didn't lost any money for this but there are some people who faced legal issues for their income transactions.
I've experienced a stressful situation where i can't withdraw my funds because i need to do a KYC and they are rejecting it because i need to provide more personal information which is really not good because i am providing my details more in the internet.
And some exchanges are doing delaying tactics when making a withdrawal on my account and it would take 3-5 days before it complete. That's why i onky chose exchanges that is really has a good review and if its good to keep my funds withou any hassle.
And some exchanges are doing delaying tactics when making a withdrawal on my account and it would take 3-5 days before it complete. That's why i onky chose exchanges that is really has a good review and if its good to keep my funds withou any hassle.
My worst experience in a exchange is when my depost of token and ithdrawal of btc took 1 week before they process, if my token process on the day that i deposit i would make 1 btc of it, but after a week i only got 0.4btc so disappointing.
Hello
I'm wondering if you ever had a bad experience with crypto exchange, what was it and which exchange?
Feel free to share all kind of stories.
So far I don't encounter a major problem on exchanges, just minor like withdrawal has not been process on time but it was fixed in a week.I'm wondering if you ever had a bad experience with crypto exchange, what was it and which exchange?
Feel free to share all kind of stories.
Just a bit of advise if you dont plan to KYC on an exchange don't ever put your funds there, any exchange can change their terms and force everyone to KYC.
One of the worst exchange I have used so far was at Hitbtc , I deposited my tokens last year at this exchange wayback June 2018 if Im not mistaken because its the only exchange listed this token at that time thats why I decided to sell but bear market comes and price of this token fall hard like -80% from ICO price so I decided to withdraw and hold but the problem I cant withdraw because fees are terrible, 90% of my tokens will be taken as withdrawal fees until now Im holding this token at hitbtc.
I have never experience this kind of issue with hitbtc but they have a huge delay when making a withdrawal but so far trading is really good and realtime.
And i think some of you here are still having problem with cryptopia and i still have my funds on my account and unable to withdraw it since they need to manually check or recover our account if they were able to do it and hopefullly.
I had a really terrible experience with an exchange, I would rather like to withhold the exchange name for some reasons, firstly they made me go through hell just to fulfil their KYC requirements, I had to give up personal documents I ordinarily wouldn't have loved to do, that was during my first few years as a bitcoiner, I managed to successfully open the exchange and stored some of my coins there
After quite a long time, I hadn't logged in or followed up with the exchange, I then decided to login and check my coins only to find out that my account has been disabled due to maintenance and upgrade of their site(well that's what they claim), I tried contacting them, but it proved abortive, I lost quite some coins there, but it taught me a good lesson, as I have only operated with reputable exchanges since then, and I haven't had any issues, as I hardly leave my coins on exchanges anymore for more than necessary.
After quite a long time, I hadn't logged in or followed up with the exchange, I then decided to login and check my coins only to find out that my account has been disabled due to maintenance and upgrade of their site(well that's what they claim), I tried contacting them, but it proved abortive, I lost quite some coins there, but it taught me a good lesson, as I have only operated with reputable exchanges since then, and I haven't had any issues, as I hardly leave my coins on exchanges anymore for more than necessary.
Hello
I'm wondering if you ever had a bad experience with crypto exchange, what was it and which exchange?
Feel free to share all kind of stories.
So far I don't encounter a major problem on exchanges, just minor like withdrawal has not been process on time but it was fixed in a week.I'm wondering if you ever had a bad experience with crypto exchange, what was it and which exchange?
Feel free to share all kind of stories.
Just a bit of advise if you dont plan to KYC on an exchange don't ever put your funds there, any exchange can change their terms and force everyone to KYC.
My own experience was with COSS exchange, I made a deposit of a coin and that deposit never arrived, when I made a complaint, the customer care agent didn't do anything about it and when I replied, it was ignored outrightly, it was eventually replied but it was already a year over when the deposit was made and the token was now worth less than nothing, I am just thankful that it's a small token worth just $97 at the time, imagine if it had been my whole cryptocurrency portfolio, never trust these little exchanges, many of them are criminals. This happened in mid 2018, up till today, my deposit didnt show and it was never reversed.
I not had any problem with exchange fortunately, only some small issue because of problems that occured from forks for that coin at that time but was solved after, but now i use only coinbase and Binance.
When it comes to coinbase and Binance it's a smooth transition, even I use these exchanges mostly Binance as it has more options. I had a bad experience with shapeshift wherein I missed out to enter destination tag the the transaction was struck in the gateway as I was doing it in hurry in order to cash out I forgot to enter it and after a lengthy chat I got it back and by the time it was back market the value got changed drastically. It's one of my mistake which I still regret.
I not had any problem with exchange fortunately, only some small issue because of problems that occured from forks for that coin at that time but was solved after, but now i use only coinbase and Binance.
Hello
I'm wondering if you ever had a bad experience with crypto exchange, what was it and which exchange?
Feel free to share all kind of stories.
I'm wondering if you ever had a bad experience with crypto exchange, what was it and which exchange?
Feel free to share all kind of stories.
yes I have serious issues with 2 to 3 crypto trading exchange, I made wrong deposit while trying to deposit my token on Hitbtc, and other was forkdelt were I tried to deposit and my gas was consumed without the token being deposited. lastly was p2pb2b I was asked to passed the kyc and it gave a lot worries, though I submitted twice yet was not approved and what I was about to trade drastically depreciate.
It was your fault when you deposit in HitBTC so that isn't counted. For forkdelta I'm not sure what happen to that but probably the fees were too low, it usually happen when using MEW when setting to lower fees. It will try to send the tokens but only take the gas while the transfer of funds is unsuccessful.
I wonder why you tend to submit KYC to p2pb2b, there are more exchanges out there better than that. But I can understand if your got an airdrop and the tokens are only listed to this exchange.
Hello
I'm wondering if you ever had a bad experience with crypto exchange, what was it and which exchange?
Feel free to share all kind of stories.
I'm wondering if you ever had a bad experience with crypto exchange, what was it and which exchange?
Feel free to share all kind of stories.
yes I have serious issues with 2 to 3 crypto trading exchange, I made wrong deposit while trying to deposit my token on Hitbtc, and other was forkdelt were I tried to deposit and my gas was consumed without the token being deposited. lastly was p2pb2b I was asked to passed the kyc and it gave a lot worries, though I submitted twice yet was not approved and what I was about to trade drastically depreciate.
Hello
I'm wondering if you ever had a bad experience with crypto exchange, what was it and which exchange?
Feel free to share all kind of stories.
I'm wondering if you ever had a bad experience with crypto exchange, what was it and which exchange?
Feel free to share all kind of stories.
I forget what I've use before because of the security of the site I can't open my acc because of Google authenticator which you need KYC to open it but the requirements was I can't send because I don't have any requirements they need so the money was there been locked.
I guess its exrates where I wanted to exchange an coin but later realized that the price reported on coinmarket cap is just for trapping people,in reality the exchange orders for buying and selling with reported price will be in single figure of that coin but other coins were ordered for hundred times less than the actual market price,where I lost few hundred buck but sadly there is the only place I can convert it so just accepted it as loss and never wanted to use it anymore.
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