Is Bitfinex OK right now? Our LARGEST exchange... anyone know?

doublemore

hero member

Activity: 546

Merit: 500

Quote from: Xiaoxiao on July 10, 2015, 09:53:48 PM

Initiated a withdrawal for 100 LTC's and pending for 4 hours now.

All the while LTC price is dropping. This is unacceptable. Why is this? I thought it was instant.

Yeah its bad timing for you, they do say its not always instant. I dont know what type of customer you are maybe they can do something for you.

Quickseller

copper member

Activity: 2870

Merit: 2298

It is possible that their LTC hot wallet was dry and they needed to refill it from their cold wallet. This would not be surprising considering the fact that I would think a lot of people would withdraw their LTC after a LTC price crash.

I would expect the same behavior if market conditions were the same for bitcoin.

The process for replenishing the hot wallet (from their cold wallet) is going to be a long and time consuming one for companies that handle large amounts of crypto-currencies on behalf of their customers, otherwise it would not be very cold and they would be risking that money would be lost.

Xiaoxiao

legendary

Activity: 1274

Merit: 1000

The Golden Rule Rules

Initiated a withdrawal for 100 LTC's and pending for 4 hours now.

All the while LTC price is dropping. This is unacceptable. Why is this? I thought it was instant.

If I had known I would have just withdrew with BTC.

Topic: Is Bitfinex OK right now? Our LARGEST exchange... anyone know? (Read 412 times)