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Topic: Tradesatoshi is closing down. - page 2. (Read 381 times)

hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
February 21, 2020, 06:57:44 AM
#5
I am not too surprised to see Tradesatoshi finally closing down because I see that this exchange doesn't have a big volume, but we don't know what the real reason behind that is. We need to wait for the next announcement from the owner if they want to tell us about what is happening with their exchange. We can guess for what it happens, but we hope that people can withdraw their coins in that exchange so they can still have the coins.
legendary
Activity: 2548
Merit: 1234
February 21, 2020, 04:48:47 AM
#4
Another crypto exchange down this year. It's so sad to know there are few of them slowly giving up in the crypto business.

The reason probably because of the user's satisfaction on this exchange, due to a large number of people being scammed others' who aware did not this exchange. So now, it's a wise decision to shut down their website and I hope everyone will withdraw their fund safe.

Even though there is quite a lot of negative feedback against them, the CEO of Binance crypto exchange(CZ) react and tweeted regarding Tradesatoshi's shutdown.

Quote
"Exchange is probably one of the hardest businesses to run. One of the toughest parts of it is the economy of scale. Without scale, you cannot invest on security and many other essentials. And it won’t make sense to continue. I hope everyone’s funds are SAFU in this case".

source:

Let's do hope the funds are safe for those who wanted to withdraw their funds.
legendary
Activity: 2604
Merit: 2353
February 21, 2020, 03:56:36 AM
#3
Finally Tradesatoshi is going to close. There are huge scam reports against them. There are reports of scam coins token listings against them. And refusing to return the costomers money. Scam and fraudulent activity do not work very long. Many traders may have funds on their exchange. If anyone has funds, withdraw quickly. It may even be a scam. Do not make any deposit on this exchange. This is why good exchanges should be selected. Many do not understand and to go to trade on such exchanges which is very risky



Quote
Tradesatoshi is closing down.
Read the announcement for details.
https://t.co/GjSwwllxhT
Please make sure all withdrawals are completed before March 1 2020 00:00 UTC.
Please do not deposit! Deposits will no longer be processed. https://t.co/4xxt2ZOa9P

Source: https://twitter.com/TradeSatoshi/status/1230509341142220800
I don't understand how we can withdraw anything from them if they're under maintenance.  Huh
We can't even read the announcement of your link as for now  Undecided
Fortunately someone has saved their announcement on archive.is earlier.

Quote
Tradesatoshi Is Closing Down
 
Dear users,
We must inform that the board of directors of Tradesatoshi.com has decided to close the exchange.
 
Unfortunately it is no longer economically feasible for us to continue provide the required level of security, support and technology.
 
Please do not deposit! Deposits will no longer be processed.
 
We highly recommend that those users pending verification start the process as early as possible.
 
Tradesatoshi.com will terminate all services on March 1 2020 00:00 UTC.
 
Kind regards,
Tradesatoshi.com
http://archive.is/nzl8C

legendary
Activity: 1134
Merit: 1599
February 21, 2020, 03:52:17 AM
#2
~
This is why good exchanges should be selected.
~

This is why decentralized exchanges should be selected. The higher the number of people using them is, the better they become and the more volume they get.

We need to stop using and promoting centralized exchanges imo. I haven't used one in a very long time. Decentralized is the key to getting rid of these scams..
hero member
Activity: 1876
Merit: 721
Top Crypto Casino
February 21, 2020, 03:34:19 AM
#1
Finally Tradesatoshi is going to close. There are huge scam reports against them. There are reports of scam coins token listings against them. And refusing to return the costomers money. Scam and fraudulent activity do not work very long. Many traders may have funds on their exchange. If anyone has funds, withdraw quickly. It may even be a scam. Do not make any deposit on this exchange. This is why good exchanges should be selected. Many do not understand and to go to trade on such exchanges which is very risky



Quote
Tradesatoshi is closing down.
Read the announcement for details.
https://t.co/GjSwwllxhT
Please make sure all withdrawals are completed before March 1 2020 00:00 UTC.
Please do not deposit! Deposits will no longer be processed. https://t.co/4xxt2ZOa9P

Source: https://twitter.com/TradeSatoshi/status/1230509341142220800
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