Topic: what to do, if an exchange disables trading for certain currency? - page 3. (Read 656 times)

Sell to people that wants to purchase bad altcoins ?
Is that another form of business going on within the cryptocurrency world that I am not aware of ?

If not, I really doubt if any sane person will see a project without future and has even proven itself week by dying off the market, then someone purchasing it. Like you said yourself, if other available exchanges are not willing to help, how then will the buyer make use of it, once a coin is bad, it’s bad, it can never be revived again.

Move it to ERC-20 wallet if there is no alternative exchanger for that particular coin. However if you lose hope that it'll be listed in other exchange and you don't see future about it, just let it be delisted in that exchange so that your effort won't be wasted.

if you deactivate it while we may still be able to wait, but if it is permanent then it is a trading risk, because all trades are always risky. I think only certain coins and unreliable ones can be deactivated, this won't happen to highly trusted coins like Bitcoin.

I never experience this one before but i think if they stopped that coin to be traded there will be no other way for you to convert it aside from withdrawing it which is too hard for you i guess. That coin will be useless soon, go ask the developer on how you can sold that coin withdraw it as soon as possible.

It's a dying coin (or should I say already dead) for quiet period of time. Obviously it won't appear in Coinmarketcap now.

Yes as always exchanges will allow withdrawal of a delisting coin. But after the timeframe given and no withdrawal from the part of the user have been done, the coins are gone for good although it's fine rather than to become a designed in a user's own wallet. I doubt developers of that coin will come back and will attempt to revived it.

If they have stopped trading with the coin you mentioned there is nothing you can do, looks like you will be a bag holder for the rest of your life, i am sure the exchange will allow you to withdraw those funds to your own wallet before removing the coin entirely, i am not sure which coin you are talking about as i could not find that in coinmarketcap.

This disabled tokens or coins has happened to my two coins before and I was able to transfer them to another exchange.  Mozo was disabled and delisted from coinrail after I transfer my tokens there for trading and I even bought more mozo from there but I was surprised to see it disabled after few days and panic set in.  However, I was able to transfer my values to idex after I find out that my tokens is still there.  The same thing happened to me in gym tokens and I have to quickly applying the same procedure in moving it to another exchange.  It is not difficult it is the same way you move coins from one exchange to another! 

Correct, they will give their user based some time to really liquidate their assets. The only thing to do right now is just move out the coin, but you need to look at with exchange are still supporting it.

Otherwise, he can't do anything about it since it worthless, another expensive lessons to learn again. If we are holding coins that has no potential, it's better to really dump then accept the lost and then move on.

Exchanges won't suddenly disable trading of certain currency. Exchanges give notification with some deadline for the disabling of the certain trading pair. Before that we need to make use of the trading access and beyond that it goes a valueless token. In some projects they provide with the access to swap for other coins.

If you have invested in an option that is traded on a single market, this is due to your ambition to earn money. If you do not have a market alternative to sell your coins or tokens, the only thing you can do is P2P trading. Of course, there is a chance that this trade will be damaged, but you have no other alternative.

There are a few things you can do now which includes changing the coin to either BTC or Ether and bear the loss if there is, which is better than losing the whole money when the coin get delisted. You can also see if you can exchange it with Doge coin.

This is really a problem. altcoins with no potential to die like that and other exchanges do not want to help it.
I think you should wait and sell for those who want to purchase bad altcoins.

Common man, bitcointalk is not a dumping site for dead shit coins, how will he be able to do that, it will also be unfair to take advantage of newbies here on bitcointalk that knows nothing about the deadcoins, he should just keep holding the coin till one day, something miraculous happens that will make the coin come back, it might also be a paused project, hopefully the will resume it once the time comes.

I also have lots of delisted coins in my Binance, I usually overlook them once I get to my wallet, I wish it was possible to filter them on Binance so I don’t keep seeing those shit coins again.

Coinexchange has a great history of listing absolute shitcoins and delisting them when bag holders reach a certain amount, they probably getting good percentage of all the funds from users that fall for their trap considering they are doing this same thing over and over for years now.

Not sure how exactly they are operating but I can guess, they probably create a reasonable amount of fake volume for these shitcoins when the trading starts for them and other users thinking there are users actually buying that for 1 satoshi(for example) and the poor user probably thinks that's a good idea to buy it at one sat and sell it at 2 sat, and 2x his total funds, so he buys it but what happens is sell orders at 2 sat accumulates so then the user change his sell order to 1 satoshi (if the user is late there can be huge amount of sell orders even at this price), but no one is buying (because both: 1. The volume that is showing buy orders going through are fake ; 2. Real users by seeing that huge amount of sell orders at 2 satoshi will change his mind about buying;

So at that point what will happen is the user will be stuck with that shitcoin that doesn't have any value whatsoever, but the user probably has some hope even then that the order still might go through if the volume comes back, but nahhh , what happens in reality is some days or months later Coinexchnage will release an announcement that the referred shitcoin is getting delisted from there, so they tell you to withdraw your shitcoin to your personal wallet and 99% of the time that coin is not listed anywhere else so selling anywhere else is not an option either.

I think before an exchange delist a coin, they announce the delisting of the coin 1 month before the coin is being delisted, so I don't think it is a big of an issue, all you need to do is to find a way to dump the coin for another crypto coin that will not be delisted, maybe you can swap for either BTC or ETH or better still you can as well check on coinmarketcap to see which other exchange that the coin is being listed and not delisting soonest and then send your coin to that exchange if you must trade the coin.

Exactly, and that’s why it will be delisted. Now you can’t do anything about it now since the coin is not active anymore, not unless you still find some trading sites where that coin is available. If its just a small amount better to move on and learn from this mistake, that coin is totally useless not unless the dev has something to say on this.

Even coingecko delisted this coin(crimson) it looks like a shitcoin with no value they selling it for 1 sat. I'm sure devs have no budget to be listed it to other exchange.

So, if you coin still in coinexchange.io transferring to an official wallet is not possible because this project is totally dead and I am sure no one can save this coin because even the developer is dead.

No, I tried to find a wallet but there is no wallet from their GitHub it seems they have just created this coin for churn and burn.

WIthdraw it before delisted. Usually people do that thing. Because you can loss your coin if save in delisted market. For sure check what exchanger still support it, if there are no exchanger left, sell it. Both decision make you loss your investment. But it is risk.

Try to find exchanges or wallets that really support the coin if everything is possible and still have a way to do it like that if you can't, it is at your own risk because there is no way if you will close everything, plans for the future are more careful in choosing something from coins or from exchanges, whatever the type, don't hold junk coins, it's just a waste of your own time.

It looks like some coin that the team has abandoned since they have not responded. You can't do anything if the coin has been taken off exchange. Forget it and keep going.