Topic: Worst Exchange Experiences (Read 495 times)
Maybe worst exchange experience that i have only hacked on Yobit, well actually it is my mistake because i not put 2fa because i think i never save a lot of money in Yobit. But i lost 0.03 BTC in that place after i sell my coins.
I was use Cryptopia afew years but since they get hacked a few days ago until now they not come to online yet, that already aweek waiting for new update but they did not get any update yet. I trusted them and they should be give update everyday to the all their member. Cryptopia become very worst exchange now for me.
Some of the bad experiences I have suffered are the following:
- In Etherdelta, in December of last year someone managed to do a massive hack on the web and managed to obtain the private keys of those who wanted to enter over several hours, taking large numbers of ethers.
-In Poloniex, in June of this year they froze my account without warning, and they do not allow me to make any movement until going through an arduous process of verification that does not allow me to start despite my efforts to do it correctly.
-And recently in Cryptopia, where I suffered a hacking attempt and despite blocking my account to prevent it from being looted, mysteriously and without explanation the Cryptopia team granted access to the hacker minutes after I blocked my funds.
- In Etherdelta, in December of last year someone managed to do a massive hack on the web and managed to obtain the private keys of those who wanted to enter over several hours, taking large numbers of ethers.
-In Poloniex, in June of this year they froze my account without warning, and they do not allow me to make any movement until going through an arduous process of verification that does not allow me to start despite my efforts to do it correctly.
-And recently in Cryptopia, where I suffered a hacking attempt and despite blocking my account to prevent it from being looted, mysteriously and without explanation the Cryptopia team granted access to the hacker minutes after I blocked my funds.
I use alot of exchanges since 1 years and till now i dont have any problem with that all, because before use them i always looking for the reputaion and review each of them first . And when to start to use it, i always test how the deposit and withdrawal work by use small amount
In the dying days of Cryptsy, I watched people convert their coins to an unpopular coin, just so they would eventually cash out their money,I was hesitant and just about the time I decided to join them, they also suspended withdrawals from that coin and that was how Cryptsy succeeded in running off with my hard earned coins.
Yes I remember those days. I was actually surprised why a certain alt like LTC was trading higher there than other exchanges.
So I bought that LTC on another exchange, depositted to Cryptsy and sold it for BTC for a 10-20% profit, and then when it turns out I can't withdraw that BTC. Did some investigating and turns out there BTC wallet was empty, so I quickly reversed the trade and basically lost a large percentage with spread and trading and withdraw fees but luckily got all my alts and BTC out of there before they were COMPLETELY insolvent.
Would of been a very bad experience. And that was a very popular and trustful exchange. Should of just admitted the theft, did what Bitfinex did and it would of been alive today and that admin wouldn't have to hid in China somewhere.
In the dying days of Cryptsy, I watched people convert their coins to an unpopular coin, just so they would eventually cash out their money,I was hesitant and just about the time I decided to join them, they also suspended withdrawals from that coin and that was how Cryptsy succeeded in running off with my hard earned coins.
My very worst exchange experience was two weeks just when i began trading. I actually bought a coin and decided to keep it for a while. Then one day, i went on the exchange to sell it. Just after selling my coins at low price, then the market price of the coin began to shoot up. i was angry at myself and cursed severally.
I have no such extremely scary exchange experiences, but I suffer from liqui because of high withdrawal fees, it is also very silent exchange that scares me.
Then move your funds to bigger exchanges (Bittrex and poloniex, but make sure you have verified your account first or you won't be able to withdraw your money, Binance (my best choice), you don't need to di Kyc on here).Poloniex used to be one of the dominant trading exchanges last year. If my memory serves me right, it likes around mid year last year that they became sort of very slow in responding to user's issues and then it went from good to worst in just the next couple of months. They blame the sudden surge of crypto traders, so they wasn't able to adjust their business model that time.
Just a few minor misses for me in HitBTC but it was resolved in matter of weeks. Yeah I know resolving a issue in couple of weeks in not good but I still trade with them.
However, most issues though come from exchange will few thousands of users that's why I stay out and doesn't want to do trades with low volume exchanges. The change of you having issues is very high and they might pull a scam stunt in the end.
Exchanges make profit from users, more they have more money will they make, I never had big problems with exchanges cause I was always honest, I never scammed anyone, why would I have some major problems with any site? I think people who had big issues with exchanges tried to do something wrong and when they don`t succeed they cry how site is crooked, and rigged, be fair and you will not have problems.
I have no such extremely scary exchange experiences, but I suffer from liqui because of high withdrawal fees, it is also very silent exchange that scares me.
Then move your funds to bigger exchanges (Bittrex and poloniex, but make sure you have verified your account first or you won't be able to withdraw your money, Binance (my best choice), you don't need to di Kyc on here).Poloniex used to be one of the dominant trading exchanges last year. If my memory serves me right, it likes around mid year last year that they became sort of very slow in responding to user's issues and then it went from good to worst in just the next couple of months. They blame the sudden surge of crypto traders, so they wasn't able to adjust their business model that time.
Just a few minor misses for me in HitBTC but it was resolved in matter of weeks. Yeah I know resolving a issue in couple of weeks in not good but I still trade with them.
However, most issues though come from exchange will few thousands of users that's why I stay out and doesn't want to do trades with low volume exchanges. The change of you having issues is very high and they might pull a scam stunt in the end.
I have bad experience with exchange of HitBTC because they did not distribute Ignis airdrop. I been loss alot of money by buying NXT but they does not distributed Ignis till now. In the their blog they was support this airdrop , but i dont know why they did not distributed it.
You shouldn't be blaming hitbtc for your airdrop. As far as I know the project devs are the one who are responsible in distributing the airdrop and they just use hitbtc since their token was listed on it.The worst exchange platform which I had experienced was when the time that I used etherdelta , during that time I was selling the coins which I had received from the bounty I joined and it was listed on this exchange then when the time that I am selling it all of a sudden their server has been under maintenance then by that time I didn't export or full out my private to their platform. It was a doom and worst to me so after that incident I promised to myself that I won't use that exchange anymore.
Had you loss your funds?Before, I used forkdelta and the same thing happen, they have their maintenance and I already imported my coin. I'm reluctant and afraid that I'll loss my balance but surprisingly, it's safe. Goodness.
You should try contacting them in their discord or TG channel.
I have no such extremely scary exchange experiences, but I suffer from liqui because of high withdrawal fees, it is also very silent exchange that scares me.
Then move your funds to bigger exchanges (Bittrex and poloniex, but make sure you have verified your account first or you won't be able to withdraw your money, Binance (my best choice), you don't need to di Kyc on here).
The worst exchange platform which I had experienced was when the time that I used etherdelta , during that time I was selling the coins which I had received from the bounty I joined and it was listed on this exchange then when the time that I am selling it all of a sudden their server has been under maintenance then by that time I didn't export or full out my private to their platform. It was a doom and worst to me so after that incident I promised to myself that I won't use that exchange anymore.
My problem with etherdelta is that they do not have a warning prompt when you are making a transaction because once you click buy or sell, it would immediately submit and then there are times when you are lacking something and you can't cancel it anymore. There's a time when I am trying to sell a token but then there is always an error but my ethereum has been deducted transaction fee several times. Their orderbook is also delayed in updating and there are times when it is so slow to transact there.
I have no such extremely scary exchange experiences, but I suffer from liqui because of high withdrawal fees, it is also very silent exchange that scares me.
Then move your funds to bigger exchanges (Bittrex and poloniex, but make sure you have verified your account first or you won't be able to withdraw your money, Binance (my best choice), you don't need to di Kyc on here).
The worst exchange platform which I had experienced was when the time that I used etherdelta , during that time I was selling the coins which I had received from the bounty I joined and it was listed on this exchange then when the time that I am selling it all of a sudden their server has been under maintenance then by that time I didn't export or full out my private to their platform. It was a doom and worst to me so after that incident I promised to myself that I won't use that exchange anymore.
I think always find a good exchange to trade especially the exchange that many people will trust and I think you what I mean. Leave that exchange and full out your funds their because it will be lose if you stay there to that exchange.
I have no such extremely scary exchange experiences, but I suffer from liqui because of high withdrawal fees, it is also very silent exchange that scares me.
Then move your funds to bigger exchanges (Bittrex and poloniex, but make sure you have verified your account first or you won't be able to withdraw your money, Binance (my best choice), you don't need to di Kyc on here).
Here are my some of my bad experiences,
In centralized exchange, Poloniex, I was using Poloniex's Platform peacefully for a couple of months,
but when I tried to verify my other account, suddenly when I tried to reload the page it says that
Poloniex blocked my IP address, and that problem wasn't solved for a couple of months and their
support is trash, no response for months.
In decentralized exchange, IDEX, Forkdelta, etc. The first time that I visited their website I was
so confused... yes, their web design is very complicated, I had a very hard time using their platform,
hope they will improve and simplify their tools.
In centralized exchange, Poloniex, I was using Poloniex's Platform peacefully for a couple of months,
but when I tried to verify my other account, suddenly when I tried to reload the page it says that
Poloniex blocked my IP address, and that problem wasn't solved for a couple of months and their
support is trash, no response for months.
In decentralized exchange, IDEX, Forkdelta, etc. The first time that I visited their website I was
so confused... yes, their web design is very complicated, I had a very hard time using their platform,
hope they will improve and simplify their tools.
it was my biggest mistake to sell all the ether and get the waves and then get helibiz. I'm just waiting right now. The excitement is great. hopefully the market will recover and the helviz will be appreciated.
after this hour I will never give up from etheraum.
ether only.
after this hour I will never give up from etheraum.
ether only.
I have no bad experience because it the exchange has many bad reviews i will not trade there well we can't deny the HITBTC has higher fees.
Actually, some exchanges have a lot of issues. My worst experience is on idax when every transaction on the website must be manually approved by the admins and heir was a withdrawal I needed to make them but that made me miss the deal I wanted to invest into
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