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Topic: Satoshis left on exchanges - page 2. (Read 2558 times)

legendary
Activity: 2380
Merit: 1026
February 04, 2016, 07:30:42 AM
#36
I have One btc e account lock on IP address.
I just tried to explore all those security precautions, but soon i have realized after accident electricity failure , I've lost possibility to log on to my account.
Thank god i have only around 0.04btc there..
member
Activity: 63
Merit: 10
February 04, 2016, 07:14:19 AM
#35
There's so many important things to worry about, to wast time discussing lost satoshis... this discussion will only make any sense once satoshis are worth a few cents of dollars

legendary
Activity: 929
Merit: 1000
February 04, 2016, 07:13:29 AM
#34
The exchanges are running businesses for profit, not charities. They tell you that they charge you fees for trades and withdrawals when you register. Those fees add up to more than their minimum withdrawal limits. I'm happy to let them have a tiny bit of dust. It's only worth a few cents at most, and you could quickly and easily buy or earn it if you want to replace it.
hero member
Activity: 686
Merit: 500
fb.com/Bitky.shop | Bitcoin Merch!Premium Quality!
February 04, 2016, 07:11:56 AM
#33
The fees is depends on the exchange itself, I'm not really sure if the site who just take more fees than other must responsible for it, because you need to read first their agreement. Anyway they not scammed you right, so I think I'm disagree with OP means.
And the important thing is don't store your assets on exchange, use cold wallet for saving it.
full member
Activity: 238
Merit: 100
February 04, 2016, 07:06:31 AM
#32
for me try to withdraw all satoshi in there including the fee so its mean we got no more left..isnt like that?correct me if im wrong..
member
Activity: 65
Merit: 10
February 04, 2016, 06:41:07 AM
#31
I have lost count of how many satoshis I've left behind in lost wallets (online or not) and exchanges. Not to mention Mt. Gox  Undecided Cry
legendary
Activity: 2954
Merit: 1155
Leading Crypto Sports Betting & Casino Platform
February 04, 2016, 06:37:27 AM
#30
same condition but i still use that exchange site so why worry about satoshis that you  you are going to use later.
different condition if i not gonna the exchange service anymore i withdraw all my money from the site
legendary
Activity: 1848
Merit: 1000
February 04, 2016, 06:22:52 AM
#29
I have a few around the place not amounting to anything so am just happy to leave them there.

An idea for the exchanges could be to put a time limit on the dust in peoples accounts and have the user opt in, then after a given time, perhaps 1 year or 2 year the dust goes into a faucet on the site, at least then it will come back to the community rather then the exchanges.
legendary
Activity: 1666
Merit: 1001
February 04, 2016, 06:15:32 AM
#28
I dont think the site must responsible, because it is not the site that scam your money, it just the fee that you need to pay in order to used the exchanger site, even when you want to buy bitcoin, there is also a limit of the minimum

so i think just let it go
legendary
Activity: 2170
Merit: 1427
February 04, 2016, 05:50:52 AM
#27
I have never Satoshi's left on an exchange because when I withdraw my coins, I withdraw my entire balance. It's very simple, isn't it?
member
Activity: 98
Merit: 10
February 04, 2016, 05:45:58 AM
#26
Same story was with some pools for mining.
My satoshis are still there..And many others parts of LTC DOGE..
Probably they collect them at the end when decide to stop their services.. Angry
 example***http://pool.itzod.ru/

They would need thousands of forgotten satoshi balances for it to even make any difference... I don't see any reason to worry about this.
hero member
Activity: 560
Merit: 500
February 04, 2016, 05:12:47 AM
#25
Same story was with some pools for mining.
My satoshis are still there..And many others parts of LTC DOGE..
Probably they collect them at the end when decide to stop their services.. Angry
 example***http://pool.itzod.ru/
legendary
Activity: 812
Merit: 1000
February 04, 2016, 05:12:01 AM
#24
I already have a lot of satoshis lost around several bitcoin exchanges. I can't withdraw those satoshis because they don't even worth the fees.
Like me there's thousands of others in the same situation which would make a lot of BTC. So I take it that exchanges keep these satoshis for them.

What do you think? Should exchanges be responsible for the fees and return every satoshi to their owners?

If the time it takes to return the satoshis is not worth the reward to do it it wont happen.  I should imagine many people are the same as you i know i have everal exchanges with small amounts on which i likely will just leave forever.
sr. member
Activity: 350
Merit: 251
Shit, did I leave the stove on?
February 04, 2016, 02:26:11 AM
#23
Don't the fees depend on the TX and are not correlated to the price of Bitcoin at that given moment? I would guess the fees increase exponentially with the bitcoin difficulty to mine it.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
February 04, 2016, 02:17:29 AM
#22
All these satoshi together can make some nice Bitcoins. Well..if 1 satoshi will value much more one day we will sure miss those left Cheesy

If Satoshi's becomes more valuable the fees will be lower than what it is now and you would be able to withdraw it. I hope that makes sense? Let's say you have 30 000 Satoshi in the exchange and the current price for that is US 0,1119 cents and the fee to withdraw it is a minimum of $1, then you would be unable to withdraw it.

Let's say in the future that same Satoshi is valued at US $5, and the fees are still $1 to withdraw, then you would be able to withdraw much more of those Satoshi's. ^smile^
hero member
Activity: 770
Merit: 500
February 03, 2016, 08:52:25 PM
#21
I have a question! Huh

you'll never come back to that exchange again? If you again use that exchange, than probably you didn't lost those satoshis.
full member
Activity: 211
Merit: 100
I Believe
February 03, 2016, 08:33:17 PM
#20
I don't leave dust on exchanges. I just withdraw it all or invest it all. Im not too concerned about 2 or 3 cents worth. The only place i have any tiny amounts sometimes are on my BTC debit card site.
legendary
Activity: 4424
Merit: 4794
February 03, 2016, 08:31:27 PM
#19
I already have a lot of satoshis lost around several bitcoin exchanges. I can't withdraw those satoshis because they don't even worth the fees.
Like me there's thousands of others in the same situation which would make a lot of BTC. So I take it that exchanges keep these satoshis for them.

What do you think? Should exchanges be responsible for the fees and return every satoshi to their owners?

usually you would swap the bitcoin satoshi's for litecoin or ripple and then withdraw them. and then combine them into one exchange to convert back to bitcoin to a worthy amount to withdraw as bitcoin
newbie
Activity: 58
Merit: 0
February 03, 2016, 08:11:16 PM
#18
I already have a lot of satoshis lost around several bitcoin exchanges. I can't withdraw those satoshis because they don't even worth the fees.
Like me there's thousands of others in the same situation which would make a lot of BTC. So I take it that exchanges keep these satoshis for them.

What do you think? Should exchanges be responsible for the fees and return every satoshi to their owners?

Good question.  If one Satoshi would ever become valuable then people would deeply regret keeping even a few satoshis on an exchange.  There would be no recourse because I am sure there is an agreement made when using the exchanges service that there is a fee. Maybe if exchanges had a pop up, prior to depositing, that there is a withdraw fee because for some you dont know until you have to withdraw.

If the remainings are smaller than the fees, why bother? I don't understand this discussion. Fees are the price to pay for the confort of having an exchange at one's disposal...
legendary
Activity: 3528
Merit: 7005
Top Crypto Casino
February 03, 2016, 08:01:55 PM
#17
OP, how many satoshis are you talking about, roughly?  I agree with you that it's a great way for exchanges to skim from their customers if they were so inclined, but as of right now the future of bitcoin is uncertain and as of right now any amount of satoshis in the thousands is just dust.  Not worth worrying about.  And there are ways to get it out, like trading altcoins and such.  It's not like you can never recover those satoshis.
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