Topic: State of Bitcoin exchanges (Read 107 times)
I recently had problem with bitfinex. Received answer within two days. Still waiting for reply on Poloniex after a week.
Please post experiences of Bitcoin exchanges at the current time. Opening accounts, trading, deposits and withdrawals.
Here are my observations in the last few days
Coinbase/GDAX: tried to verify account multiple times but no reply from coinbase. People did report success if using the mobile app but that was over a week ago.
Bitstamp: can still transfer less than $10,000 to an existing account. Larger sums get lost both in and out. One guy on reddit is waiting for a $1.8m wire.
Bittrex: not opening new accounts.
Binance: I cannot login but was able to credit BTC to account this morning.
Bitfinex: awaiting verification from weeks ago.
Gemini: awaiting verification from this week.
What are your experiences at the moment? What exchanges are working?
Here are my observations in the last few days
Coinbase/GDAX: tried to verify account multiple times but no reply from coinbase. People did report success if using the mobile app but that was over a week ago.
Bitstamp: can still transfer less than $10,000 to an existing account. Larger sums get lost both in and out. One guy on reddit is waiting for a $1.8m wire.
Bittrex: not opening new accounts.
Binance: I cannot login but was able to credit BTC to account this morning.
Bitfinex: awaiting verification from weeks ago.
Gemini: awaiting verification from this week.
What are your experiences at the moment? What exchanges are working?
It depends on what country you are from. The US exchanges are now requiring real verification coupled with the boom in popularity we are seeing long backlogs.
Please post experiences of Bitcoin exchanges at the current time. Opening accounts, trading, deposits and withdrawals.
Here are my observations in the last few days
Coinbase/GDAX: tried to verify account multiple times but no reply from coinbase. People did report success if using the mobile app but that was over a week ago.
Bitstamp: can still transfer less than $10,000 to an existing account. Larger sums get lost both in and out. One guy on reddit is waiting for a $1.8m wire.
Bittrex: not opening new accounts.
Binance: I cannot login but was able to credit BTC to account this morning.
Bitfinex: awaiting verification from weeks ago.
Gemini: awaiting verification from this week.
What are your experiences at the moment? What exchanges are working?
Here are my observations in the last few days
Coinbase/GDAX: tried to verify account multiple times but no reply from coinbase. People did report success if using the mobile app but that was over a week ago.
Bitstamp: can still transfer less than $10,000 to an existing account. Larger sums get lost both in and out. One guy on reddit is waiting for a $1.8m wire.
Bittrex: not opening new accounts.
Binance: I cannot login but was able to credit BTC to account this morning.
Bitfinex: awaiting verification from weeks ago.
Gemini: awaiting verification from this week.
What are your experiences at the moment? What exchanges are working?
I have been able to set up a coinbase/gdax account and use it.. I have even been able to extra verify it and increase my limits (not that I'd use them up).. The limits don't really increase that much.. Enough for a small timer like me sure but not enough for serious business unless you request a certain amount..
“Bitcoin exchange warns customers of system collapse if prices crash”
“A leading bitcoin exchange has warned that customers may be unable to get their money out quickly in the event of a crash in the cryptocurrency's price.
Writing in a blog post last week, Coinbase's co-founder and chief executive Brian Armstrong, said despite "sizeable and ongoing" increases in the firm's technical infrastructure and engineering staff, access to Coinbase services could become "degraded or unavailable during times of significant volatility or volume".
"This could result in the inability to buy or sell for period of time," he said.”
http://www.cityam.com/277228/bitcoin-exchange-warns-customers-system-collapse-if-prices
“Bitcoin Exchanges Are Buckling While the Price Surges Past $16,000”
https://www.bloomberg.com/news/articles/2017-12-07/bitcoin-soars-through-14-000-mark-up-more-than-40-this-month
“A leading bitcoin exchange has warned that customers may be unable to get their money out quickly in the event of a crash in the cryptocurrency's price.
Writing in a blog post last week, Coinbase's co-founder and chief executive Brian Armstrong, said despite "sizeable and ongoing" increases in the firm's technical infrastructure and engineering staff, access to Coinbase services could become "degraded or unavailable during times of significant volatility or volume".
"This could result in the inability to buy or sell for period of time," he said.”
http://www.cityam.com/277228/bitcoin-exchange-warns-customers-system-collapse-if-prices
“Bitcoin Exchanges Are Buckling While the Price Surges Past $16,000”
https://www.bloomberg.com/news/articles/2017-12-07/bitcoin-soars-through-14-000-mark-up-more-than-40-this-month
Well I think it's nice of them to be honest about it because it's the truth.. A lot of people get real suspicious when their are major movements and eschanges go down, rightfully so, including myself, because it would be a good way to scam..
Butt.. I have sceen it happen with my own 2 eyes on pretty much EVERY exchange I have ever traded and yeah, huge volume like DDOS's the exchanges..
I wonder why they seem not to be very salable.. Even the centralized 3rd party can't scale imagine that..
What the hell are they running up against? Bottle necking bandwidth? Server processing power?
Why can't they get their shit together and improve the infrastructure?
I can understand small exchanges being cheap but coinbase? Kracken? Finex? God they make so much money they should be able to afford top of the line services..
Main issue of the bitcoin world. No one can gives you guarantee about your Exchange.
I hope there won't be anymore crashed, hacked exchange experiences in near future. As I know, lots of people became keep their funds at exchanges to become an altcoin addicted.
Binance works well for me but they need to find something for fractions. I have around 38$ for fractions and I can not exchange them.
Bittrex and Bitfinex can be dangerous for non US citizens. As , they want to be legalized in US and they can do anything if requested so..
Cex also works well sometimes if you don't know too much about altoins. You can reach most popular ones with buying with credit card.
I hope there won't be anymore crashed, hacked exchange experiences in near future. As I know, lots of people became keep their funds at exchanges to become an altcoin addicted.
Binance works well for me but they need to find something for fractions. I have around 38$ for fractions and I can not exchange them.
Bittrex and Bitfinex can be dangerous for non US citizens. As , they want to be legalized in US and they can do anything if requested so..
Cex also works well sometimes if you don't know too much about altoins. You can reach most popular ones with buying with credit card.
Please post experiences of Bitcoin exchanges at the current time. Opening accounts, trading, deposits and withdrawals.
Here are my observations in the last few days
Coinbase/GDAX: tried to verify account multiple times but no reply from coinbase. People did report success if using the mobile app but that was over a week ago.
Bitstamp: can still transfer less than $10,000 to an existing account. Larger sums get lost both in and out. One guy on reddit is waiting for a $1.8m wire.
Bittrex: not opening new accounts.
Binance: I cannot login but was able to credit BTC to account this morning.
Bitfinex: awaiting verification from weeks ago.
Gemini: awaiting verification from this week.
What are your experiences at the moment? What exchanges are working?
Here are my observations in the last few days
Coinbase/GDAX: tried to verify account multiple times but no reply from coinbase. People did report success if using the mobile app but that was over a week ago.
Bitstamp: can still transfer less than $10,000 to an existing account. Larger sums get lost both in and out. One guy on reddit is waiting for a $1.8m wire.
Bittrex: not opening new accounts.
Binance: I cannot login but was able to credit BTC to account this morning.
Bitfinex: awaiting verification from weeks ago.
Gemini: awaiting verification from this week.
What are your experiences at the moment? What exchanges are working?
Short answer: no centralized exchange is good and reliable. All of them can crash down, steal your money or get hacked.
Better to hold your money on your own wallet. If you need to use exchanges for trading, it is recommended to use decentralized exchanges like Waves or Etherdelta.
Binance is good it was a problem with the browser on my PC.
I logged onto HitBTC, which seems to be crypto to crypto only now, it seemed to be working.
Any exchange where you can withdraw/deposit fiat working?
I logged onto HitBTC, which seems to be crypto to crypto only now, it seemed to be working.
Any exchange where you can withdraw/deposit fiat working?
When it comes to trading bitcoins it self to our countries currency I have no choice other than use my wallet (coins.ph) own converter which really sucks because it has 10-20% difference in buy and sell price.
“Bitcoin exchange warns customers of system collapse if prices crash”
“A leading bitcoin exchange has warned that customers may be unable to get their money out quickly in the event of a crash in the cryptocurrency's price.
Writing in a blog post last week, Coinbase's co-founder and chief executive Brian Armstrong, said despite "sizeable and ongoing" increases in the firm's technical infrastructure and engineering staff, access to Coinbase services could become "degraded or unavailable during times of significant volatility or volume".
"This could result in the inability to buy or sell for period of time," he said.”
http://www.cityam.com/277228/bitcoin-exchange-warns-customers-system-collapse-if-prices
“Bitcoin Exchanges Are Buckling While the Price Surges Past $16,000”
https://www.bloomberg.com/news/articles/2017-12-07/bitcoin-soars-through-14-000-mark-up-more-than-40-this-month
“A leading bitcoin exchange has warned that customers may be unable to get their money out quickly in the event of a crash in the cryptocurrency's price.
Writing in a blog post last week, Coinbase's co-founder and chief executive Brian Armstrong, said despite "sizeable and ongoing" increases in the firm's technical infrastructure and engineering staff, access to Coinbase services could become "degraded or unavailable during times of significant volatility or volume".
"This could result in the inability to buy or sell for period of time," he said.”
http://www.cityam.com/277228/bitcoin-exchange-warns-customers-system-collapse-if-prices
“Bitcoin Exchanges Are Buckling While the Price Surges Past $16,000”
https://www.bloomberg.com/news/articles/2017-12-07/bitcoin-soars-through-14-000-mark-up-more-than-40-this-month
Kraken is very slow but will be upgraded this week.
Please post experiences of Bitcoin exchanges at the current time. Opening accounts, trading, deposits and withdrawals.
Here are my observations in the last few days
Coinbase/GDAX: tried to verify account multiple times but no reply from coinbase. People did report success if using the mobile app but that was over a week ago.
Bitstamp: can still transfer less than $10,000 to an existing account. Larger sums get lost both in and out. One guy on reddit is waiting for a $1.8m wire.
Bittrex: not opening new accounts.
Binance: I cannot login but was able to credit BTC to account this morning.
Bitfinex: awaiting verification from weeks ago.
Gemini: awaiting verification from this week.
What are your experiences at the moment? What exchanges are working?
Here are my observations in the last few days
Coinbase/GDAX: tried to verify account multiple times but no reply from coinbase. People did report success if using the mobile app but that was over a week ago.
Bitstamp: can still transfer less than $10,000 to an existing account. Larger sums get lost both in and out. One guy on reddit is waiting for a $1.8m wire.
Bittrex: not opening new accounts.
Binance: I cannot login but was able to credit BTC to account this morning.
Bitfinex: awaiting verification from weeks ago.
Gemini: awaiting verification from this week.
What are your experiences at the moment? What exchanges are working?
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