BitShares is a well-known platform for cryptocurrencies exchange. They say :
"BitShares is a decentralized platform designed to provide a more efficient global payment network and is commonly used for securely trading cryptocurrencies without any intermediaries."
see
https://coinmarketcap.com/currencies/bitshares/This is a lie and a fraud ! The platform is
not decentralized and
does not provide security for funds. A cryptocurrency, that you transfer to the BitShares wallet, is actually sent to some outside company controlled by a certain person. And it depends only on the goodwill and honesty of this person, whether you get your money back or not. For your cryptocurrency you get a "
debt certificate". In my case, I sent
ETH to the BitShares wallet and I received
open.ETH in return, which I kept there. A centralized company, which took my ETH, is OpenLedger. What happened with OpenLedger ? It disappeared with my ETH. See here:
https://safenetforum.org/t/open-ledger-dex-has-closed-all-activities/32312 What happens with my open.ETH ? It could not be transformed back to ETH. I can sell it inside BitShares wallet with 99% discount. Below I put a screenshot from my BitShares wallet, you can see that I have 0.1497 ETH blocked in the wallet and it could not be withdrawn.
You can say me that it is not a problem of the BitShares platform. Yes, but it could happen with any other type of assets you keep in the wallet. The platform does not provide any security of the funds and you can lose all your money one day. The BitShares company never warn the users about this kind of risks.
I strongly recommend never use BitShares platform for any type of operations with cryptocurrencies. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FWNXpAAu.png&t=670&c=TpazlDO09CDxpg)
At the end I would like to show you a CEO of OpenLedger,
Ronny Boesing, a guy who has stolen my 0.1497 ETH using BitShares platform. He probably bought himself a yacht already.