Topic: Why are Wex's prices different from other exchanges? - page 2. (Read 255 times)
This platform is not as popular then other exchange and it’s not sustainable and reliable because there are some issue which are make it unreliable.
Wex's suffers from a lot of problems that make use of it dangerous; I'm not talking about they are scammers, but perhaps the scenarios below explain what happened:
- Technical reasons: In mid-July, Wex announced on Twitter that all operations "withdrawals" would stop because of the migration of the database and maintenance.[1]
- Government Control: This platform is the alternative to BTC-e, famous for its problem with the US government.[2]
- Price manipulation: There may be price manipulation, but a halt in deposits and withdrawals reduces this possibility.
- dead exchange: The lack of movement on that platform makes it dead, and therefore prices are not real.
[1] https://twitter.com/wexnz?lang=en
[2] BTC-e Seized by the FBI
- Technical reasons: In mid-July, Wex announced on Twitter that all operations "withdrawals" would stop because of the migration of the database and maintenance.[1]
- Government Control: This platform is the alternative to BTC-e, famous for its problem with the US government.[2]
- Price manipulation: There may be price manipulation, but a halt in deposits and withdrawals reduces this possibility.
- dead exchange: The lack of movement on that platform makes it dead, and therefore prices are not real.
[1] https://twitter.com/wexnz?lang=en
[2] BTC-e Seized by the FBI
First of all it is not trusted exchange any more and the most important fact is no one prefer this in order to trade may be thats why they are doing this.
because WEX is basically a dead exchange with not that many users anymore. ever since they were closed down by the FBI and then created this new website people haven't really been trading there and for a couple of weeks now they have been experiencing a lot of issues such as with their wallets which made it impossible for people to make withdrawals/deposits.
and there is a suspicion that they are manipulating the price on their own platform to dump at higher prices and then buy back at lower to make profit since they couldn't make money other ways.
and there is a suspicion that they are manipulating the price on their own platform to dump at higher prices and then buy back at lower to make profit since they couldn't make money other ways.
Arbidex is the first trading platform that collects liquidity from the exchange. Currently we have Bitfinex, Bittrex, Poloniex, WEX, Kraken and GDAX connected. A user has the opportunity to trade on this exchange from one account and one window.
such as BTC/USD,NMC/USD,and so on
Doesn't anyone discover it?
Doesn't anyone discover it?
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