WARNING: Crypto::stocks currently not allowing withdrawals - page 4.

nwfella

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Well hello there!

Quote from: drmavis on May 30, 2014, 10:01:42 PM

Quote from: nwfella on May 30, 2014, 01:34:56 PM

Anybody considering purchasing any digital assets off of crypto::stocks needs to be made aware:

DVC, LTC, and BTC wallets are supposedly offline (preventing one from withdrawing) even though it seems to be accepting dividend payments from asset owners for shares held any attempt to withdraw your coins will currently fail.

And to add to this warning, I tried to deposit 0.1 BTC to my CryptoStocks account today and it has not shown up in my account despite 10 confirmations. I submitted a support request but they administrators have not historically been very communicative.

I think with all of the exchange competition, someone needs to create a more reliable Cryptostocks exchange!

Have actually been discussing this very topic with a couple of my friends. Though CS has been around for quite sometime, it's becoming more and more apparent that Kumala doesn't seem to spend a whole lotta time even making sure his sites wallet's are working. Add to this the ridiculous fee's, 0 due-diligence, and serious lack of support we've all agreed that CS's time is limited at best barring some sort of major delta in Kumala's modus operandi of who gives a flying-.

Decentralized exchanges are the next logical step in my opinion. It seems that no matter how decent the intentions anyone of these fellas starts off with, at some point in time they all ultimately let the greed get the better of them and head for the proverbial hill's with everybody's bitcoin. I really hope I'm wrong about the operator(s) of this exchange (not convinced there is more than 1), but it's not looking good. :/

Chef Ramsay

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Quote from: drmavis on May 30, 2014, 10:01:42 PM

Quote from: nwfella on May 30, 2014, 01:34:56 PM

Anybody considering purchasing any digital assets off of crypto::stocks needs to be made aware:

DVC, LTC, and BTC wallets are supposedly offline (preventing one from withdrawing) even though it seems to be accepting dividend payments from asset owners for shares held any attempt to withdraw your coins will currently fail.

And to add to this warning, I tried to deposit 0.1 BTC to my CryptoStocks account today and it has not shown up in my account despite 10 confirmations. I submitted a support request but they administrators have not historically been very communicative.

I think with all of the exchange competition, someone needs to create a more reliable Cryptostocks exchange!

When they were down and out yesterday, I was able to get a div from one of the ventures on there but not a likely payment from one of the sig sponsors here. They better run an audit soon.

drmavis

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Quote from: nwfella on May 30, 2014, 01:34:56 PM

Anybody considering purchasing any digital assets off of crypto::stocks needs to be made aware:

DVC, LTC, and BTC wallets are supposedly offline (preventing one from withdrawing) even though it seems to be accepting dividend payments from asset owners for shares held any attempt to withdraw your coins will currently fail.

And to add to this warning, I tried to deposit 0.1 BTC to my CryptoStocks account today and it has not shown up in my account despite 10 confirmations. I submitted a support request but they administrators have not historically been very communicative.

I think with all of the exchange competition, someone needs to create a more reliable Cryptostocks exchange!

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: fluffypony on May 30, 2014, 01:45:04 PM

Quote from: nwfella on May 30, 2014, 01:34:56 PM

Anybody considering purchasing any digital assets off of crypto::stocks needs to be made aware:

DVC, LTC, and BTC wallets are supposedly offline (preventing one from withdrawing) even though it seems to be accepting dividend payments from asset owners for shares held any attempt to withdraw your coins will currently fail.

I don't like CryptoStocks at all, but the two things you've mentioned are completely disparate and can run in isolation. In order to accept dividend payments all it needs to do is run a node and watch the blockchain ("watch only" style). To withdraw funds, though, that's a hot wallet and would normally be on separate infrastructure if they have any semblance of a clue.

You do raise an interesting point. However, the fact remains it doesn't seem to be a very high priority for the fella in charge. These hot-wallets, if indeed that's even how he has them structured have now been down for several days.

*so now it appears as though dividends are being delayed yet again. Was kinda hoping I was wrong about not having a multi-tiered wallet situation going on.

fluffypony

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GetMonero.org / MyMonero.com

Quote from: nwfella on May 30, 2014, 01:34:56 PM

Anybody considering purchasing any digital assets off of crypto::stocks needs to be made aware:

DVC, LTC, and BTC wallets are supposedly offline (preventing one from withdrawing) even though it seems to be accepting dividend payments from asset owners for shares held any attempt to withdraw your coins will currently fail.

I don't like CryptoStocks at all, but the two things you've mentioned are completely disparate and can run in isolation. In order to accept dividend payments all it needs to do is run a node and watch the blockchain ("watch only" style). To withdraw funds, though, that's a hot wallet and would normally be on separate infrastructure if they have any semblance of a clue.

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Anybody considering purchasing any digital assets off of crypto::stocks needs to be made aware:

DVC, LTC, and BTC wallets are supposedly offline (preventing one from withdrawing) even though it seems to be accepting dividend payments from asset owners for shares held any attempt to withdraw your coins will currently fail.

Topic: WARNING: Crypto::stocks currently not allowing withdrawals - page 4. (Read 4295 times)