Long- Term Poloniex account | Bitcointalksearch.org

ylmz611

newbie

Activity: 31

Merit: 0

Quote from: Yaunfitda on March 02, 2018, 04:04:30 PM

Quote from: ylmz611 on March 02, 2018, 02:01:06 PM

Hi guys,

I have a digibyte for long term investment. I've read in somewhere and it says Poloniex can block my account because of inactivity for long time.
Do you believe or know that is true?

And besides, Poloniex has been acquired by Circles so expect a lot of changes in the next coming months and be sure that you stay active otherwise there is a chance that you will lose your investment in there.

And as per Poloniex ToS

https://poloniex.com/terms/

Quote

29. UNCLAIMED PROPERTY
If Poloniex is unable to return your Tokens to a third party Account for you after a period of inactivity, Poloniex may report and remit the Tokens to an applicable government agency pursuant to applicable escheatment or unclaimed property laws.

Its doesn't says how long until they consider your account inactive but be sure to check your account and your investment from time to time. Or better yet transfer to another wallet just to be sure.

thanks for your explanation dude. It's been very helpful

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: ylmz611 on March 02, 2018, 02:01:06 PM

Hi guys,

I have a digibyte for long term investment. I've read in somewhere and it says Poloniex can block my account because of inactivity for long time.
Do you believe or know that is true?

And besides, Poloniex has been acquired by Circles so expect a lot of changes in the next coming months and be sure that you stay active otherwise there is a chance that you will lose your investment in there.

And as per Poloniex ToS

https://poloniex.com/terms/

Quote

29. UNCLAIMED PROPERTY
If Poloniex is unable to return your Tokens to a third party Account for you after a period of inactivity, Poloniex may report and remit the Tokens to an applicable government agency pursuant to applicable escheatment or unclaimed property laws.

Its doesn't says how long until they consider your account inactive but be sure to check your account and your investment from time to time. Or better yet transfer to another wallet just to be sure.

aardvark15

hero member

Activity: 1008

Merit: 510

Quote from: ylmz611 on March 02, 2018, 02:01:06 PM

Hi guys,

I have a digibyte for long term investment. I've read in somewhere and it says Poloniex can block my account because of inactivity for long time.
Do you believe or know that is true?

I would assume that they would only block it if the balance was zero or close to zero. It may be a good idea to at least log in to your account every few months as a precaution because that may also be considered activity. But of course just like the previous post, it’s always a good idea to take coins off exchanges if you want to just hold them. Only use exchanges for trading.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

Regardless of the credibility of that statement, you should always control your private keys. You can use Coinomi or the original wallet of the coin.

ylmz611

newbie

Activity: 31

Merit: 0

Hi guys,

I have a digibyte for long term investment. I've read in somewhere and it says Poloniex can block my account because of inactivity for long time.
Do you believe or know that is true?

Topic: Long- Term Poloniex account (Read 103 times)