Quick Noob Question about Traders - page 5.

joinfree

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Quote from: WolFx on November 10, 2019, 05:08:23 AM

I have 1.8 btc in total from two different trading sites. Its stored there. On somedays the websites work and is fully operational. hustrade.com and waxcoins.com

Does it have to do with server?

I know I might be answerings this question for myself, but it never hurts to ask.

How about you do some quick routine yourself and get to know the crust of the problem yourself:

1. Firstly, If they have a community like other exchanges like Binance, has other users reported
2. Secondly, have you written to their support and what was their reply?
3. Finally, dude...get your money out of that exchange after each day's trade. It only take some few dollars (less than $3) to send it over there again to trade so why go through this headache of having to think all day about the safety of your funds when you could have kept it safely on your wallet.

Meowth05

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Quote from: WolFx on November 10, 2019, 05:08:23 AM

I have 1.8 btc in total from two different trading sites. Its stored there. On somedays the websites work and is fully operational. hustrade.com and waxcoins.com

Does it have to do with server?

I know I might be answerings this question for myself, but it never hurts to ask.

Personally, I've never heard those exchanges before. It's very dangerous to store your funds on exchanges especially if they aren't well-known. Supposedly, the purpose of exchanges is not to store any asset because it is the job of the crypto wallets that is why they are existing besides, exchanges are the platforms where we used to trade with different assets or coins. The risk of placing your funds in any exchanges will be vulnerable to hackers, according to coinlance, way back 2018 there are few exchanges whether it's small or big had been stolen their funds and recently the New Zealand exchange, "Cryptopia" had also been hacked.

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if you can make a withdrawal from the two exchange places you mentioned then I suggest you withdraw all balances and move them to a place of exchange that has high security and has a good reputation for trading and growing assets that you have as much as you can, more good trading in a safe place rather than trading in a place that has a high risk.

Ludmilla_rose1995

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The name of the exchange was very foreign and I never even heard of it. It is very risky to lose a lot of money if you keep all your bitcoins in exchange. We recommend using a safer hardware wallet like Trezor.

bassbity

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Why did you do it 1.8 BTC saves a lot of money on unknown sites I don't know why you do this.
If the website is functioning but still fully operational then the bandwidth is up, it means that the exchange does not have a maximum reserve, you have to do it in a stock market that is already popular, not where you say it.

Gotumoot

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The question is why do you trust your significant amount of bitcoin in those two exchanges? Or do you have another intention to convey to us? Even a novice in crypto and elsewhere will not be able to trust his big money in an exchange with no trust in people and no recognition in crypto.

Willitivity

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Quote from: WolFx on November 10, 2019, 05:08:23 AM

I have 1.8 btc in total from two different trading sites. Its stored there. On somedays the websites work and is fully operational. hustrade.com and waxcoins.com

Does it have to do with server?

I know I might be answerings this question for myself, but it never hurts to ask.

The main question is how did you get to these exchanges or are you trying to indirectly promote them on this forum cus I have never heard of such before. If these sites are not always up and running, then something is really not well at the backend. I would advise you to get a more reputable exchanges like binance. Or better still move your BTC to a private wallet.

Eugenar

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Quote from: Wapfika on November 10, 2019, 07:37:03 AM

Im not familiar with those exchanges, isn't it like promoting exchanges. With those amount of BTC you have. I suggest to bought hardware wallet if you prefer to hold longer since exchanges are not too secured especially the exchanges you mentioned are not popular. Better try other exchanges like Binance and don't put too much if will not trade often.

In my suggestions, the OP should have a ledger nano or a trezor. This hardware wallet will make his investment even more secured as the funds will cannot be interfere when it is not plugged in. Plus, 1.8BTC is quite huge now, if you need to diversify your investment, you can use these kind of wallets to better secure your cryptos as the main advantage you have here is that you own the private key of the wallet, at the same time, the private key is not visible so malwares and viruses will not have the ability to hack your funds.

BrewMaster

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Quote from: TGD on November 10, 2019, 08:25:19 AM

Quote from: BrewMaster on November 10, 2019, 07:55:18 AM

Quote from: WolFx on November 10, 2019, 05:08:23 AM

Does it have to do with server?

small exchanges such as these two shouldn't have any server problems since they don't really handle that much traffic anyways and nowadays there isn't any kind of major pumps going on to lead to any extra traffic either.
the only possiblity is if they were under DDoS attack but that only lasts a short time like a day. if the problem persists then it may be time to stop using them specially since they are already too small and unknown to begin with.

Maybe some update on there service since there are maybe new and still under development. I agree with you that they must have too much maintenance considering that they are not over crowded. Unless OP provide screenshot of his balance on that exchange, I will believe that he made this thread to advertise that both exchange.

sites go down for maintenance or update and stay down until it is finished. and they don't do it regularly because of the security reasons and the fact that they would lose business every day they are offline.
but same with DDoS, if the problem persists and is being repeated every now and then, it means you shouldn't be using the service at all.

palle11

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I wonder why you want to risk your money in an unknown exchange. Such a huge investment, close to 2btc. Except you trying to make popular the exchange, I would suggest you relocate your funds and allow just little fraction if you think the site is special.

Doell

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I just found out and immediately review but it turns out that both the web cannot be accessed ,full of suspicion for sure because it is impossible they can not be accessed simultaneously ,I search from the Google search engine about the web turned out to be a scam

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Quote from: BrewMaster on November 10, 2019, 07:55:18 AM

Quote from: WolFx on November 10, 2019, 05:08:23 AM

Does it have to do with server?

small exchanges such as these two shouldn't have any server problems since they don't really handle that much traffic anyways and nowadays there isn't any kind of major pumps going on to lead to any extra traffic either.
the only possiblity is if they were under DDoS attack but that only lasts a short time like a day. if the problem persists then it may be time to stop using them specially since they are already too small and unknown to begin with.

Maybe some update on there service since there are maybe new and still under development. I agree with you that they must have too much maintenance considering that they are not over crowded. Unless OP provide screenshot of his balance on that exchange, I will believe that he made this thread to advertise that both exchange.

Fappanu

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Where do you have those funds? is that your deposit? I went to the website of those two and waxcoin.com was no longer open, Another went straight to sharptrade.com and not to hushtrade.com. If the 1.8 BTC you deposit in those two exchanges you should withdraw it now because I don't trust those websites. And why is it that you choose to invest a lot of bitcoin? There is a binance and another reputable exchange that will protect your bitcoin.

angrybirdy

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Quote from: jakelyson on November 10, 2019, 08:11:51 AM

Quote from: WolFx on November 10, 2019, 05:08:23 AM

On somedays the websites work and is fully operational. hustrade.com and waxcoins.com

What do you mean on somedays? Do you mean it is not reachable sometimes? If this is true, it is a clear sign that something is not right with these exchanges.

I tried googling hustrade but it is not searchable. Not a good sign for me.

Just like what others above me said, you better secure your funds as soon as possible. Transfer them to a safe address that you have control of the private keys.

I think he means that there are times that the exchange is down, and sometimes it is working.

The exchange he stated in not that known to everyone which is alerting I think. He should pull out his funds right away and transfer it to a better exchange.

Securing his funds will be the priority as for now, it might give him a problem sooner or later if he did not take action immediately.

jakelyson

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Quote from: WolFx on November 10, 2019, 05:08:23 AM

On somedays the websites work and is fully operational. hustrade.com and waxcoins.com

What do you mean on somedays? Do you mean it is not reachable sometimes? If this is true, it is a clear sign that something is not right with these exchanges.

I tried googling hustrade but it is not searchable. Not a good sign for me.

Just like what others above me said, you better secure your funds as soon as possible. Transfer them to a safe address that you have control of the private keys.

DabsPoorVersion

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OP...
As you can see, most users here are not familiar with the exchange that you are using, are you sure that it is safe and have you tried to pull out your balance to see if your funds are still safe?
If you do trading then you should do it on a popular exchange such as binance or yobit. Storing funds in an exchange is not safe, especially on an exchange that is not really popular as you have discussed.

BrewMaster

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Quote from: WolFx on November 10, 2019, 05:08:23 AM

Does it have to do with server?

small exchanges such as these two shouldn't have any server problems since they don't really handle that much traffic anyways and nowadays there isn't any kind of major pumps going on to lead to any extra traffic either.
the only possiblity is if they were under DDoS attack but that only lasts a short time like a day. if the problem persists then it may be time to stop using them specially since they are already too small and unknown to begin with.

Wapfika

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Im not familiar with those exchanges, isn't it like promoting exchanges. With those amount of BTC you have. I suggest to bought hardware wallet if you prefer to hold longer since exchanges are not too secured especially the exchanges you mentioned are not popular. Better try other exchanges like Binance and don't put too much if will not trade often.

bitmover

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Quote from: WolFx on November 10, 2019, 05:08:23 AM

I have 1.8 btc in total from two different trading sites. Its stored there. On somedays the websites work and is fully operational. hustrade.com and waxcoins.com

Does it have to do with server?

I know I might be answerings this question for myself, but it never hurts to ask.

I never heard about any of them
They are also not listed in https://coinmarketcap.com/currencies/bitcoin/markets/

I am going to be honest. Your money is at risk.
I would withdrawal everything immediately from both exchanges.
Those websites are very small and not reliable.you should buy a hardware wallet like ledger nano or trezor and store your coins there. If you want to trade use binance', coinbase, bitstamp, or other known website.

Your funds are at high risk.

Rodeo02

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Where did you get the name of that exchange?
Sorry i am not that familiar with those 2 exchange . Storing it in exchnage might cause something that you dont expect to happen . Did you hear about mt.goax or cryptopia ? Both exchange has been hacked so its not safe to stored your bitcoin there Specially becuase you dont use that for trade abd just storing it.

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