recently Bitcoin became the talk of the town!
its gaining a lot of attention from media and general people from last few months then the whole decade itself.
so with lots of traffic from around the glove the server of those trading platform will become victim itself!
thats why they stopped the sign up feature to stop the Apocalypse!
they will soon open up though!
Topic: Why are traders denying new users? - page 2. (Read 248 times)
I have an account in Coinsmarket but the site is always crashing and i wanted to move to another exchange platform.
The problem is that the must trustables are denying new accounts because there's an unusual number of new users and they don't want the platforms to crush.
So, how can i trade?
The problem is that the must trustables are denying new accounts because there's an unusual number of new users and they don't want the platforms to crush.
So, how can i trade?
You could get a hot wallet and push some or all of your currencies into there until you can get into a more reliable exchange.
Thats most likely I will do.
The crypto exchanges are finding it difficult to keep up with demand, hence, the need to shut out new users temporarily. The influx of new crypto investors has been unprecedented. I believe they will be allowance for new account signing ups, as soon as the exchanges increase their capacity to contain the demands.
They received so many new members over loaded the exchange.
Sadly, you have to wait for them to reopen their doors.
Bitfinex stated they will start accepting new accounts Jan15th.
Please do not buy someone else's account.
Binance posted they will ban any accounts caught doing this and there goes your money.
Sadly, you have to wait for them to reopen their doors.
Bitfinex stated they will start accepting new accounts Jan15th.
Please do not buy someone else's account.
Binance posted they will ban any accounts caught doing this and there goes your money.
Bitcoin has attracted a millions of new users after the exponential growth in 2017. Which caused bitcoin network to slow down and increased the transaction fees. The network is facing this scaling issue due to the increased number of volumes generated by the new as well as existing users. I believe a lot of exchanges are simple not ready to handle such kind of huge volume and that is the reason why they are on the risk of crashing. That's why they are denying new user registration. However, I believe once the network normalizes, the exchanges who are denying new users will open up for new registration again. I see that Poloniex is still accepting new users now however, you may experience delay in verification completion.
It's not only the new users that causes problems for the exchanges. Most of the biggest exchanges have faced regulations to implement KYC and AML as soon as possible. This means, all of the users have to verify themself with some ID or driving licence and they have to prove their state of residence too.This is a huge task for the exchanges to handle this verification process for the existing users, and also the new users wants to register, so they just can't handle the workload. They have to meet the AML and KYC requirements, so they just can't accept new users as long as they have problem with the existing ones.
What is AML and KYC?
KYC: Know Your Customer
To be honest i think this whole idea of limiting the number of users on these exchanges is all in an effort to avoid losing control from the large pool of users registering and using these services as bitcoin has attracted lots of people on these platforms...
TUXexchange.com
No KYC nonsense.. Check it out..
No KYC nonsense.. Check it out..
Tux exchange is magical.
TUXexchange.com
No KYC nonsense.. Check it out..
No KYC nonsense.. Check it out..
Bitcoin has attracted a millions of new users after the exponential growth in 2017. Which caused bitcoin network to slow down and increased the transaction fees. The network is facing this scaling issue due to the increased number of volumes generated by the new as well as existing users. I believe a lot of exchanges are simple not ready to handle such kind of huge volume and that is the reason why they are on the risk of crashing. That's why they are denying new user registration. However, I believe once the network normalizes, the exchanges who are denying new users will open up for new registration again. I see that Poloniex is still accepting new users now however, you may experience delay in verification completion.
It's not only the new users that causes problems for the exchanges. Most of the biggest exchanges have faced regulations to implement KYC and AML as soon as possible. This means, all of the users have to verify themself with some ID or driving licence and they have to prove their state of residence too.This is a huge task for the exchanges to handle this verification process for the existing users, and also the new users wants to register, so they just can't handle the workload. They have to meet the AML and KYC requirements, so they just can't accept new users as long as they have problem with the existing ones.
What is AML and KYC?
Bitcoin has attracted a millions of new users after the exponential growth in 2017. Which caused bitcoin network to slow down and increased the transaction fees. The network is facing this scaling issue due to the increased number of volumes generated by the new as well as existing users. I believe a lot of exchanges are simple not ready to handle such kind of huge volume and that is the reason why they are on the risk of crashing. That's why they are denying new user registration. However, I believe once the network normalizes, the exchanges who are denying new users will open up for new registration again. I see that Poloniex is still accepting new users now however, you may experience delay in verification completion.
It's not only the new users that causes problems for the exchanges. Most of the biggest exchanges have faced regulations to implement KYC and AML as soon as possible. This means, all of the users have to verify themself with some ID or driving licence and they have to prove their state of residence too.This is a huge task for the exchanges to handle this verification process for the existing users, and also the new users wants to register, so they just can't handle the workload. They have to meet the AML and KYC requirements, so they just can't accept new users as long as they have problem with the existing ones.
I am using bittrex and yes indeed they are closed for the new account registrations,but it doesnt mean they wont accept forever,they are just trying to update their system to accumulate more users in the future.
Bitcoin has attracted a millions of new users after the exponential growth in 2017. Which caused bitcoin network to slow down and increased the transaction fees. The network is facing this scaling issue due to the increased number of volumes generated by the new as well as existing users. I believe a lot of exchanges are simple not ready to handle such kind of huge volume and that is the reason why they are on the risk of crashing. That's why they are denying new user registration. However, I believe once the network normalizes, the exchanges who are denying new users will open up for new registration again. I see that Poloniex is still accepting new users now however, you may experience delay in verification completion.
I have an account in Coinsmarket but the site is always crashing and i wanted to move to another exchange platform.
The problem is that the must trustables are denying new accounts because there's an unusual number of new users and they don't want the platforms to crush.
So, how can i trade?
The problem is that the must trustables are denying new accounts because there's an unusual number of new users and they don't want the platforms to crush.
So, how can i trade?
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