Not with a 100 foot pole. I lost money there already, coins just vanished from my account and they refused to make good on their mistake.
FUCK POLONIEX.
Topic: Do you trust Poloniex? - page 12. (Read 22372 times)
I trust Poloniex and use it but I use Bittrex way more.
Polo was my favorite exchange until the verification regime...
But it has survived primarily by going all-in on XMR... and a few other creative Asset listings (MAID, STORJ, NXT)...
And that Troll Box Pump Machine.
For most coins Bittrex has better liquidity...
But trading both exchanges is significantly more profitable because you have 2 spreads to capture.
Frankly, I don't expect these exchanges to survive once FinCEN turns the screws on Alts...
Doing about $100,000 to $300,000/day in volume sounds like a lot...
But that's only about $500/day in fees... add listing/trading... maybe $500,000/year in revenue.
If Cryptsy really has 40-50 employees they are probably losing money....
And you can work 24/7 and break-even only for so long... then you must pull the plug like a lot of defunct exchanges.
I can tell you my own experience. Sometime last year some BTC got stolen from Polo. Busoni me back all the BTC I lost. I think he paid everyone back.
IIUC correctly it wasn't a "hack". Some one exploited a coding deficiency IIRC and withdrew more than they had.
IIUC correctly it wasn't a "hack". Some one exploited a coding deficiency IIRC and withdrew more than they had.
I am thinking of signing up with Poloniex, for access to certain alt coins and the better volume on others.
Do they require any special verification, KYC stuff?
Thanks in advance!
H.
Do they require any special verification, KYC stuff?
Thanks in advance!
H.
I trust Poloniex and use it but I use Bittrex way more.
Someone should turn this thread into a poll.
Poloniex, Bitifinex, and Bitstamp are the only exchanges I know of that completely paid out users funds in emergency cases(hacks). A lot of the other exchanges just packed up shop and left. So yes, poloniex is trusted.
I always used to get a problem with xcp saying it was in my wallet but it had not shown in my wallet on poloniex other than that small setback, I can say nothing but good things about them and their customer service. I mean there are a lot worse alt coin exchanges and less trustworthy.
Poloniex is trusted for now.
However, you should remove your btc from exchanges.
You never know when any exchange would be shut one day.
However, you should remove your btc from exchanges.
You never know when any exchange would be shut one day.
I never had an issue with Poloniex.
Howewer. Never leave your funds on an exchange. Use your personal wallet.
Howewer. Never leave your funds on an exchange. Use your personal wallet.
Polinex i trust more than the others. Not exactly a ringing endorsement but hey.
I am actually looking forward to Instadex etc making the central exchanges obsolete.
I am actually looking forward to Instadex etc making the central exchanges obsolete.
Their Mining Shares.
My only mood experience with them. These mining shares meanwhile are gone. If Poloniex rolls out another go trying something similar, I would like to see some more transparency from the technical side. You know, like ASICs used, some live data of current performance and output.
It was rather opaque and turned into a tradeable asset more then some reliable mining revenue.
My only mood experience with them. These mining shares meanwhile are gone. If Poloniex rolls out another go trying something similar, I would like to see some more transparency from the technical side. You know, like ASICs used, some live data of current performance and output.
It was rather opaque and turned into a tradeable asset more then some reliable mining revenue.
Sorry to hear about your issue with them but I have to add they are my most trusted exchange for alts, bittrex not that far behind. With poloniex your funds are safe they do seem to have problems with depositing and withdrawing some coins but you know your funds are safe. I notice the first time I had a problem I wrote multiple messages threw frustration and that was the longest they have ever took. It will get sorted soon enough, probably already is?
They might be safer than other exchanges out there but it's a bit of a stretch to say that funds kept with them are guaranteed to be safe. Many exchanges can and have been hacked in the past, and Poloniex isn't immune to this. The only true safe solution to storing funds IMO is keeping your coins locally on your computer (and preferably in cold storage) or in the form of paper wallets.
Exchanges are more or less a necessary evil though. Despite being a generally unsafe place to store your funds, they are necessary for exchanging between coins. By setting up deposits and withdrawals immediately before and after trading and not keeping your coins stored there for any longer than necessary, you can reduce (but not completely eliminate) your exposure to the risk of them getting hacked or running off with your funds (the second one is probably not a huge risk in Poloniex's case but it's definitely a major problem with shadier exchanges).
Not sure where you got me guaranteeing funds being safe. I simply said your funds are safe. You know why? Because mine have for around a year some quite large deposits and withdrawals not a single satoshi lost that is safe enough in this business. If they was hacked which I doubt because they have good security practices then people will be reimbursed.
Who said storing funds on an exchange? No one said storing funds on an exchange but maybe I should have added while trading your funds are safe, saying that though I probably do have a couple of bitcoins worth of alts on there but that is minor a small %, I never risk what I can't afford to lose as everyone should.
As I said I trust them and I would actually trust them with 50% of my holdings if I needed to but luckily that is not needed.
Sorry to hear about your issue with them but I have to add they are my most trusted exchange for alts, bittrex not that far behind. With poloniex your funds are safe they do seem to have problems with depositing and withdrawing some coins but you know your funds are safe. I notice the first time I had a problem I wrote multiple messages threw frustration and that was the longest they have ever took. It will get sorted soon enough, probably already is?
They might be safer than other exchanges out there but it's a bit of a stretch to say that funds kept with them are guaranteed to be safe. Many exchanges can and have been hacked in the past, and Poloniex isn't immune to this. The only true safe solution to storing funds IMO is keeping your coins locally on your computer (and preferably in cold storage) or in the form of paper wallets.
Exchanges are more or less a necessary evil though. Despite being a generally unsafe place to store your funds, they are necessary for exchanging between coins. By setting up deposits and withdrawals immediately before and after trading and not keeping your coins stored there for any longer than necessary, you can reduce (but not completely eliminate) your exposure to the risk of them getting hacked or running off with your funds (the second one is probably not a huge risk in Poloniex's case but it's definitely a major problem with shadier exchanges).
I trust them for on time transactions and fast exchanges of altcoins..generally, they are imho fine
Sorry to hear about your issue with them but I have to add they are my most trusted exchange for alts, bittrex not that far behind. With poloniex your funds are safe they do seem to have problems with depositing and withdrawing some coins but you know your funds are safe. I notice the first time I had a problem I wrote multiple messages threw frustration and that was the longest they have ever took. It will get sorted soon enough, probably already is?
I have had no issues with Poloniex although have started to move towards Bittrex more and Yobit for the newer coins
Besides, Poloniex got hacked 2 years or so ago and I think they handled it quite well. Better than most would have done it.
It happened slightly over 1 year ago and as far as exchange hacks go, it was actually a pretty minor one since they only lost 12 percent of their customers' funds. I agree that they handled it pretty well but had they lost much more than this, there's no doubt that the recovery would have been far less swift.
Yes! of course i trust poloniex.com . I'm using poloniex for XMR, BCN, DSH, MCN (trade these coins) and as a wallet for LTC. I didn't got any problems yet on poloniex.
~Rude Boy
~Rude Boy
Why are you using Poloniex as a Litecoin wallet? There are light wallets such as Electrum-LTC available for Litecoin if you don't want to download the full client and blockchain.
Yes! of course i trust poloniex.com . I'm using poloniex for XMR, BCN, DSH, MCN (trade these coins) and as a wallet for LTC. I didn't got any problems yet on poloniex.
~Rude Boy
~Rude Boy
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