Topic: The most frustrating thing about crypto - page 4. (Read 4388 times)
Delay in payments is really frustrating. We are paying more fees to avoid this. But exchanges pay very low transaction fees despite high cuts in withdrawal process. This delay the process. So the problem is not in the crypto.
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I have also faced some difficulties with cryptopia but never had any transaction that lasted over 2-3 hours. Try to ask the support and I am sure, as soon as they will have time, they will reply on your issue.
The biggest loss for me that is connected with my crypto currencies is that I could not save Bitcoin that I bought three years ago. If only I had the opportunity to return this time.
For me, one of the most unpleasant things in crypto is the delay in payments. When you work days on the flight, for several months, and then wait a few more months when you get paid, then another month or more until the coins go to the exchange. All this spoils motivation and deprives of strength. However, when the market recovers everything should be fine.
And that is exchanges who are keeping coins/tokens hostile for a long period of time. When I deposit or withdrawal from an exchange often times it just keeps it in pending status. Now I'm waiting for an idex deposit, 4 hours passed. My worst case was a withdrawal at cryptopia which took 30 days.
Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
That is not normal. I understand that there are times where there is a delay in the transactions because of a lot of people making transactions at the same time but that is way too long to wait for a withdrawal and my guess is that something went wrong somewhere. Sadly a lot of people have had to deal with this and with huge amounts of money so it would be great if it could be eliminated althogether
A very unpleasant thing in crypto is the moments when you need to quickly withdraw tokens from the exchange, and there either prevention or withdrawal of a token is temporarily blocked. This acts in a somewhat dismal way.
The volatility - People need to do things like sleep, cryptos can experience corrections while you are sleeping, this forces one to automate trading or simply deal with the ramifications; further, most people are bad traders and do not benefit from the constant volatility
Waiting for long in receiving coin from exchange is some how frustrating but I think it is because of security measures in place which need to wait for no of confirmation before it actually appear in the other wallet and if there is a scam or strange transaction it can be stop within that period and also don't forget that those exchange are centralized and withdrawing your coin will need some kind of authority.
One of the drawbacks in cryptography is the purchase of a coin that has the potential to grow. However, the price falls, and there comes a panic to sell. Sell coins. And 1-2 weeks after the sale, the coin goes quickly to the straight line of growth in the crypto market price. And sometimes you do not have time.
How shall I tell you Having quite a significant investment in cryptocurrency, I would not like to think that it can all collapse in an instant.
I think that the worst thing is that today I could not earn anything in cryptocurrency, but I really wanted it, because I still believe that there is an opportunity to earn something and I will be able to make money and help all my relatives
I think for many this most unpleasant thought is that all this is a hoax and we have invested in wrappers. That would make me angry and smile a little.
I did not have such cases, usually the Deposit is normally credited and withdrawn too quickly, see how much you have gas, I just hate that some exchanges have large restrictions and can not be withdrawn
Your experience is quite bad and I feel your pain. So many things going on in the crypto space. The most important is your assets security. I suggest you write to the support of such exchanges, don't panic. Happened to me once or twice but it got resolved immediately I wrote to the support.
And that is exchanges who are keeping coins/tokens hostile for a long period of time. When I deposit or withdrawal from an exchange often times it just keeps it in pending status. Now I'm waiting for an idex deposit, 4 hours passed. My worst case was a withdrawal at cryptopia which took 30 days.
Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
It is really unpleasant but I think soon many exchanges will be able to solve this problem. I try to choose those who produce fast withdrawal and do not keep all my coins in one place.
I think it is a common problem faced by everyone in Exchange. When wanting a fast transaction necessarily could but just maybe this will take a fee for doing so. Crypto is indeed still had many flaws because the Exchange not only responds to the request of one individual but I think it is reasonable to happen and not the disadvantages that too should be in question.
Your issue regarding on the Idex deposit, is that the idex completely relies on the ethereum network. It may take some time when the ethereum network is clogged. Especially when you have a low gas deposit upon sending. But rest assured you will get the tokens soon. You just have to wait for it.
I did not have such cases, usually the Deposit is normally credited and withdrawn too quickly, see how much you have gas, I just hate that some exchanges have large restrictions and can not be withdrawn
I must agree, crypto needs to develop, so average people can also use it comfortable, and safely. Exchanges are one of the weak points, especially the centralized ones, which do not neceserely bring the benefits of cryptocurrencies.
until now the function of money indeed cannot yet crypto is felt by many people. still around specific community, that the use of crypto investasi as an asset not used as money and means of payment. It will be but I think progress can certainly bring crypto crypto will increasingly be enjoyed by many people. Jump to: