as I can see in here, there are random problems everywhere.
I've done withdrawal from stamp to my bank without issues last year, but since then a lot of things going on so how we can be really sure?
Topic: Poloniex, Bitfinex, Bittrex... completely full of problems (Read 1528 times)
so what is conclusion? because of course we all have our stashes in safe, but when you want to transfer them to fiat .... you simply have to trust exchange till they deposit your money to your account
as I can see in here, there are random problems everywhere.
I've done withdrawal from stamp to my bank without issues last year, but since then a lot of things going on so how we can be really sure?
as I can see in here, there are random problems everywhere.
I've done withdrawal from stamp to my bank without issues last year, but since then a lot of things going on so how we can be really sure?
If things quieten down a bit I might use either again at some point or in the meantime anyway for a one off trade if I can’t find anywhere quieter, just not comfortable leaving funds there for any length of time which is bad practice anyway.
Come to think of it I’m not sure anywhere is quiet nowadays.
Come to think of it I’m not sure anywhere is quiet nowadays.
That's the general feeling. US law enforcement is very active targeting darknet markets; now it seems they are going after unregulated exchanges as well. I honestly didn't expect that.... maybe a hefty FINCEN fine against BTC-e, but I never expected a seizure like that. They must have known that they wouldn't be able to recover most of the crypto, and that this would likely guarantee massive customer losses.
For this reason (even though I don't think the US government views Polo and Bittrex like BTC-e), I am wary of using exchanges that serve US customers without proper licensing in every US state.
I have no funds left now on Bittrex or Poloniex, never had a problem at Bittrex and the one problem I had at Poloniex was long ago, wasn’t a withdrawal issue and was quickly dealt with but it is clearly getting too hectic at the exchanges now and stuck withdrawals are a torture even for small amounts.
For the record, no problem with the last withdrawal yesterday. (XRP)
If things quieten down a bit I might use either again at some point or in the meantime anyway for a one off trade if I can’t find anywhere quieter, just not comfortable leaving funds there for any length of time which is bad practice anyway.
Come to think of it I’m not sure anywhere is quiet nowadays.
For the record, no problem with the last withdrawal yesterday. (XRP)
If things quieten down a bit I might use either again at some point or in the meantime anyway for a one off trade if I can’t find anywhere quieter, just not comfortable leaving funds there for any length of time which is bad practice anyway.
Come to think of it I’m not sure anywhere is quiet nowadays.
It really seems like exchanges that were extremely trustworthy before are now somehow all having problems of some kind.
The exchange situation has been getting progressively worse for years. Kind of odd, given all the opportunity for exchange operators in the space. Scottrade and E-trade are charging low flat fees per trade, and we chumps are paying a percentage! It's highway robbery when you think about it. To boot, the well-regulated exchanges, Bitstamp and Coinbase, are fairly illiquid and have subpar trading engines and APIs.
Is it a consequence of the increase in volume? I think that is definitely a part of why there has been so many complaints. Bigger volume simply is going to be more trades, and more people complaining about their trades/account balances.
I'd really like to think so, especially for Poloniex's sake. The fact is, they could have (and should have) hired zounds of new support staff and engineers to get their system working reliably and to keep their customers happy. Instead, people keep telling me they are waiting for withdrawals for weeks upon weeks. That's scary as hell.
When I see the Exchanges section in the Service Discussion every day, there's no single day I don't see a complaint against one of these exchanges.
Now, I understand that every company with a rather big amount of users is going to have complaints.
However it is unreasonable that there are so many complaints and so many problems with all three exchanges I mentioned.
Do you think they are purposely making some of these problems "appear" it is it just a consequence of the increase in volumes in the last few weeks?
Even if that's the reason, they have no reason not to hire more people and get better servers.
I am not happy with Kraken's trading engine, but I've not heard any horror stories about accounts being blocked or withdrawals being "stuck".
Now, I understand that every company with a rather big amount of users is going to have complaints.
However it is unreasonable that there are so many complaints and so many problems with all three exchanges I mentioned.
Do you think they are purposely making some of these problems "appear" it is it just a consequence of the increase in volumes in the last few weeks?
Even if that's the reason, they have no reason not to hire more people and get better servers.
I am not happy with Kraken's trading engine, but I've not heard any horror stories about accounts being blocked or withdrawals being "stuck".
Yes. I had just actually answered one of these threads.
It really seems like exchanges that were extremely trustworthy before are now somehow all having problems of some kind.
Is it a consequence of the increase in volume? I think that is definitely a part of why there has been so many complaints. Bigger volume simply is going to be more trades, and more people complaining about their trades/account balances.
The thing is all of these exchanges are semi-regulated, they are not deregulated nor completely regulated, meaning that you can't really land your finger on who to blame and where to complain.
The only way that you can establish contact with the actual exchange is through support tickets which often go unanswered for months in polo's case. This in my opinion is probably one of the biggest problems. There needs to be some kind of movement where startup exchanges offer 24/7 phone support that is responsive. So IMO, poor customer support is where the issue is right now. This NEEDS to be addressed.
They could have quadrupled their support staff (or more), hired lots of competent engineers, etc. in this time. They have been making incredible amounts of money, so it's worrisome that they haven't fixed these issues months later.
I hope they don't have bigger legal concerns occupying their time and money.... they did just update their terms, but I can't understand what they changed exactly.
Basically they added in multiple places "we aren't responsible of anything", a class action waiver and you allowed them to share your information with third parties.I hope they don't have bigger legal concerns occupying their time and money.... they did just update their terms, but I can't understand what they changed exactly.
That's worrying. Not because adding such terms absolves them of responsibility, but because their legal team is dumb enough to think adding these clauses can save them from US law enforcement and civil proceedings. There are two large worries at this point: 1) a Cryptsy-like hack/scam where, slowly, more and more users are unable to withdraw. 2) A shutdown by US law enforcement for lack of registration as an MSB in all the states they serve. I'm leaning towards the former as the most likely to happen first.
~snipped
The majority of complaints is basically poloniex
Yes I agree. Bittrex do have negative feedbacks too but not as much as Polo (based on topics created here in the forum). Complaints about Polo aren't just connectivity issue, support, deposits and withdrawals, there are times that placing and cancelling orders aren't working fine as well. The majority of complaints is basically poloniex
The main problem I have had with Poloniex is support, there just isn't any, the have never replied to even one of my support tickets.
Tickets just sit there saying "Being Processed" for weeks upon weeks. I have never had such a poor support response from any other exchange.
~snipped
The majority of complaints is basically poloniex
Yes I agree. Bittrex do have negative feedbacks too but not as much as Polo (based on topics created here in the forum). Complaints about Polo aren't just connectivity issue, support, deposits and withdrawals, there are times that placing and cancelling orders aren't working fine as well. The majority of complaints is basically poloniex
The main problem I have had with Poloniex is support, there just isn't any, the have never replied to even one of my support tickets.
Tickets just sit there saying "Being Processed" for weeks upon weeks. I have never had such a poor support response from any other exchange.
The problem on poloniex in my experience, when i was login to poloniex it will be logout automaticly couples times tried to login but the same problem came to me and i have heard about the coins on poloniex could not be withdrawal,
The problem on bitfinex the verification on there are very difficult because many documents be needed to get verified
The problem on bittrex is on their website doesn't support be accessed by smartphone devices, so right now i used Kraken to trade popular altcoins.
The problem on bitfinex the verification on there are very difficult because many documents be needed to get verified
The problem on bittrex is on their website doesn't support be accessed by smartphone devices, so right now i used Kraken to trade popular altcoins.
Most unregulated exchanges are run as autopilot money machines for their owners. And an exchange needs maintenance, support, solving problems related to transactions and infrastructure investments.
~snipped
The majority of complaints is basically poloniex
Yes I agree. Bittrex do have negative feedbacks too but not as much as Polo (based on topics created here in the forum). Complaints about Polo aren't just connectivity issue, support, deposits and withdrawals, there are times that placing and cancelling orders aren't working fine as well. The majority of complaints is basically poloniex
When I see the Exchanges section in the Service Discussion every day, there's no single day I don't see a complaint against one of these exchanges.
Now, I understand that every company with a rather big amount of users is going to have complaints.
However it is unreasonable that there are so many complaints and so many problems with all three exchanges I mentioned.
Do you think they are purposely making some of these problems "appear" it is it just a consequence of the increase in volumes in the last few weeks?
Even if that's the reason, they have no reason not to hire more people and get better servers.
I am not happy with Kraken's trading engine, but I've not heard any horror stories about accounts being blocked or withdrawals being "stuck".
These things that you said was very true and Same as yours when I do visit this service discussion I do mostly see complaints on exchanges and most of them are we known as reputable ones. They do really suffer issues as of now and I'm quiet curios what would really be the reason on such thing to happen. They should really not go into this thing specially we need them the most specially on trading up altcoins and even bitcoin. Slow transfers/delay transaction deposits and withdrawals would really affect out trading works. Now, I understand that every company with a rather big amount of users is going to have complaints.
However it is unreasonable that there are so many complaints and so many problems with all three exchanges I mentioned.
Do you think they are purposely making some of these problems "appear" it is it just a consequence of the increase in volumes in the last few weeks?
Even if that's the reason, they have no reason not to hire more people and get better servers.
I am not happy with Kraken's trading engine, but I've not heard any horror stories about accounts being blocked or withdrawals being "stuck".
hi,
hi,
i have to report that poloniex withdrawn issue is present for month now..
NOT POSSIBLE TO WITHDRAW money
i'm unable to withdraw from poloniex...
confirmation email never arrived.. resend not helping at all..
support is so slow...in last month i had more than 22 tickets, some are still open in process status for long time..
I personally think they have worse problems than they dare to admit. hi,
i have to report that poloniex withdrawn issue is present for month now..
NOT POSSIBLE TO WITHDRAW money
i'm unable to withdraw from poloniex...
confirmation email never arrived.. resend not helping at all..
support is so slow...in last month i had more than 22 tickets, some are still open in process status for long time..
hi,
hi,
i have to report that poloniex withdrawn issue is present for month now..
NOT POSSIBLE TO WITHDRAW money
i'm unable to withdraw from poloniex...
confirmation email never arrived.. resend not helping at all..
support is so slow...in last month i had more than 22 tickets, some are still open in process status for long time..
hi,
i have to report that poloniex withdrawn issue is present for month now..
NOT POSSIBLE TO WITHDRAW money
i'm unable to withdraw from poloniex...
confirmation email never arrived.. resend not helping at all..
support is so slow...in last month i had more than 22 tickets, some are still open in process status for long time..
This is so typical. Sorry for your experience with Polo, kikan..... Mike from Poloniex has often responded and expedited requests when people make a big stink on Reddit. I would suggest making a thread on Bitcoin and Bitcoinmarkets and maybe ethtrader as well. Explain your situation as clearly as possible, and put the most relevant support tickets. I wish I could remember the handles of Polo support people so you could tag them; try to look them up.
hi,
thanks for replay..
i have account on polo for years, so i went through a lot of issues, but last months is so problematic, it is unpossible to trade and i lost a lot of money lately, mostly because polo issues, lags etc..
hope that someday we will have one exchange that will work..
nice day
by
kikan
hi,
hi,
i have to report that poloniex withdrawn issue is present for month now..
NOT POSSIBLE TO WITHDRAW money
i'm unable to withdraw from poloniex...
confirmation email never arrived.. resend not helping at all..
support is so slow...in last month i had more than 22 tickets, some are still open in process status for long time..
hi,
i have to report that poloniex withdrawn issue is present for month now..
NOT POSSIBLE TO WITHDRAW money
i'm unable to withdraw from poloniex...
confirmation email never arrived.. resend not helping at all..
support is so slow...in last month i had more than 22 tickets, some are still open in process status for long time..
This is so typical. Sorry for your experience with Polo, kikan..... Mike from Poloniex has often responded and expedited requests when people make a big stink on Reddit. I would suggest making a thread on Bitcoin and Bitcoinmarkets and maybe ethtrader as well. Explain your situation as clearly as possible, and put the most relevant support tickets. I wish I could remember the handles of Polo support people so you could tag them; try to look them up.
hi,
hi,
i have to report that poloniex withdrawn issue is present for month now..
NOT POSSIBLE TO WITHDRAW money
i'm unable to withdraw from poloniex...
confirmation email never arrived.. resend not helping at all..
support is so slow...in last month i had more than 22 tickets, some are still open in process status for long time..
hi,
i have to report that poloniex withdrawn issue is present for month now..
NOT POSSIBLE TO WITHDRAW money
i'm unable to withdraw from poloniex...
confirmation email never arrived.. resend not helping at all..
support is so slow...in last month i had more than 22 tickets, some are still open in process status for long time..
When I see the Exchanges section in the Service Discussion every day, there's no single day I don't see a complaint against one of these exchanges.
Now, I understand that every company with a rather big amount of users is going to have complaints.
However it is unreasonable that there are so many complaints and so many problems with all three exchanges I mentioned.
Do you think they are purposely making some of these problems "appear" it is it just a consequence of the increase in volumes in the last few weeks?
Even if that's the reason, they have no reason not to hire more people and get better servers.
I am not happy with Kraken's trading engine, but I've not heard any horror stories about accounts being blocked or withdrawals being "stuck".
Now, I understand that every company with a rather big amount of users is going to have complaints.
However it is unreasonable that there are so many complaints and so many problems with all three exchanges I mentioned.
Do you think they are purposely making some of these problems "appear" it is it just a consequence of the increase in volumes in the last few weeks?
Even if that's the reason, they have no reason not to hire more people and get better servers.
I am not happy with Kraken's trading engine, but I've not heard any horror stories about accounts being blocked or withdrawals being "stuck".
To be honest i don't really see any complaints against bittrex and bitfinex. The majority of complaints is basically poloniex alone.
But I agree - a lot of exchanges seem to have accounts being suspended and no customer support all the time. And when you compare these exchanges to dice sites you'll quickly realise that even though dice sites are unregulated, they run a lot more seamlessly and admin is a lot more responsive.
I think the fact that exchange admins aren't directly dealing with users is a big issue. Dice site admins are actually actively monitoring and participating in community, whilst we don't even know who the admin of an exchange is half of the time.
It's got nothing to do with big numbers of users. It's everything to do with the amount of effort an admin is willing to put in to make sure everything is going alright, and it's very small in many exchanges.
When I see the Exchanges section in the Service Discussion every day, there's no single day I don't see a complaint against one of these exchanges.
Now, I understand that every company with a rather big amount of users is going to have complaints.
However it is unreasonable that there are so many complaints and so many problems with all three exchanges I mentioned.
Do you think they are purposely making some of these problems "appear" it is it just a consequence of the increase in volumes in the last few weeks?
Even if that's the reason, they have no reason not to hire more people and get better servers.
I am not happy with Kraken's trading engine, but I've not heard any horror stories about accounts being blocked or withdrawals being "stuck".
Now, I understand that every company with a rather big amount of users is going to have complaints.
However it is unreasonable that there are so many complaints and so many problems with all three exchanges I mentioned.
Do you think they are purposely making some of these problems "appear" it is it just a consequence of the increase in volumes in the last few weeks?
Even if that's the reason, they have no reason not to hire more people and get better servers.
I am not happy with Kraken's trading engine, but I've not heard any horror stories about accounts being blocked or withdrawals being "stuck".
Indeed, it seems like that in recent days a lot of exchanges just are having a lot of issues with withdrawals, deposits etc. I don't think that it's because of the high trading volume because the trading volume in bitcoin hasn't actually incerased that much.
What has increased is only the bitcoin trading volume.
Personally i just think that firstly there is an influx of new users, meaning that there is a heavy load on the support system that a lot of exchanges are dependent on because they can't just put their site on autopilot and secondly, a lot of exchanges seem to think that they are too big to fail now that they've gained reputation and slacking off.
Especially poloniex, in my opinion. Nobody should be using them.
They could have quadrupled their support staff (or more), hired lots of competent engineers, etc. in this time. They have been making incredible amounts of money, so it's worrisome that they haven't fixed these issues months later.
I hope they don't have bigger legal concerns occupying their time and money.... they did just update their terms, but I can't understand what they changed exactly.
Basically they added in multiple places "we aren't responsible of anything", a class action waiver and you allowed them to share your information with third parties. I hope they don't have bigger legal concerns occupying their time and money.... they did just update their terms, but I can't understand what they changed exactly.
Poloniex is definitely worrisome. It was understandable back in May or June when the ICO craze was at its peak and their userbase was understandably getting bigger and bigger. But now? It's scary that people are saying they've been waiting for withdrawals for months. That's Cryptsy-level stuff right there.
Exactly my thoughts. They must have real financial issues, else this level of problems would be impossible to think of.
They could have quadrupled their support staff (or more), hired lots of competent engineers, etc. in this time. They have been making incredible amounts of money, so it's worrisome that they haven't fixed these issues months later.
I hope they don't have bigger legal concerns occupying their time and money.... they did just update their terms, but I can't understand what they changed exactly.
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