Worst exchange you experience for trading - page 2.

passwordnow

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Quote from: Nazmul012 on April 06, 2022, 03:55:05 PM

On Hitbtc exchange, there are problem with 2fa which Isn't working several time due to poor security. I also experienced they taking long for kyc approval amd verify account. As well as fade up with their wallet maintenance issue most of the time. i have used many exchange but never ever experienced transaction fee as high as hitbtc ask. Hitbtc exchange suppose to be created for millionaires only.

I've never heard good feedback on this exchange. Fortunately, I haven't tried them and never used them at all.
This is one of the good reasons why someone has to check feedbacks and reviews first before using an exchange and it's beneficial doing it because you'll have the idea the issues of an exchange that you check, for example hitbtc as you have said.

Helpme_please

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Quote from: Nazmul012 on April 06, 2022, 03:55:05 PM

On Hitbtc exchange, there are problem with 2fa which Isn't working several time due to poor security. I also experienced they taking long for kyc approval amd verify account. As well as fade up with their wallet maintenance issue most of the time. i have used many exchange but never ever experienced transaction fee as high as hitbtc ask. Hitbtc exchange suppose to be created for millionaires only.

i have problem with my login to hitbtc account and email to support but there is no feedback from their team at all. this is the lastest i am using hitbtc and prefer to move my assets to another exchanges, or maybe using decentralized exchanges if my token listed there. beside withdrawl fee, it has minimum trading so we could not sell all our assets. atleast 10 or its multiple must left in exchange,so we if have 10 or even more assets i am believe its equal 20$ that could not traded.

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On Hitbtc exchange, there are problem with 2fa which Isn't working several time due to poor security. I also experienced they taking long for kyc approval amd verify account. As well as fade up with their wallet maintenance issue most of the time. i have used many exchange but never ever experienced transaction fee as high as hitbtc ask. Hitbtc exchange suppose to be created for millionaires only.

retreat

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Quote from: Crypto Library on April 06, 2022, 12:42:59 PM

If we talk about the Worst exchanger then my words will never end. Thousands of such exchangers are now available online. Some of them are p2pb2b, Hotbit, and many more. Now there are lot of new exchangers which are being created. Some of them are good and most of them are on the bad list.

Are you sure Hotbit is the worst exchange, because I've never had any problems using it. but for p2pb2b I only tried it once and will never want to trade there again because my deposit never reached my account even though the TX transaction was there.

wiss19

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Quote from: ralle14 on April 03, 2022, 06:59:56 PM

I've done it before only because I was participating in an altcoin signature campaign at the time and the only way to convert them to bitcoins was by using a less popular exchange.

Other reasons for traders to use another exchange is due to lower requirements like charging smaller fees knowing most of the big exchanges charge a lot when it comes to bitcoin withdrawals. Even though altcoin remains an option there are traders who prefer to cash out their money in bitcoin.

I had to go through that type of deal back in the day a lot. People may not remember this, but back in the day when a new coin came out, it wasn't listed anywhere at all, we didn't had the luxury that people have today. So for a long time, we exchanged based on trust right here on bitcointalk.

This resulted with a ton of scams of course but it wasn't this global neither so there were few of us and anyone who scammed someone went away and you learned to trade with only high membership people. Long story short, the moment it got listed somewhere, we all went and opened an account in that one, most of those exchanges are gone now, but the memories are still there and cherished.

Crypto Library

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If we talk about the Worst exchanger then my words will never end. Thousands of such exchangers are now available online. Some of them are p2pb2b, Hotbit, and many more. Now there are lot of new exchangers which are being created. Some of them are good and most of them are on the bad list.

awik p

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Quote from: Helpme_please on April 05, 2022, 06:35:12 PM

Quote from: Irazzzta on April 05, 2022, 10:01:14 AM

The worst experience about the exchange I got on IDAX and COSS, my assets were lost on IDAX because the developer ran away with all the customer assets. Meanwhile, my experience at COSS exchange is that after shutting down the service, suddenly my account cannot be accessed. So I hope you never keep your assets on the exchange for long, because we don't know what they will do with our assets in the future.

both of them really suck for me, but i dont have any assets there. Saving unreputable exchanges really make us worry if someday they stop operation and without any notification hold our crypto assets. Especially coss, since its launched i know its only fake exchanges that will rob our assets.

I also experienced it using the coss exchange. At that time I still had a lot of tokens stored there, until I didn't know the news that this exchange was a scam. I know when I checked the assets on each exchange, and I just found out that this exchange is not accessible again, as a result I lost all the tokens that were there. It's useless to be angry, I used this as a lesson to minimize storing assets on the exchange, there are only a few exchanges that I trust to store long-term, and even then not all that I save, because a personal wallet will be safer in my opinion

ice18

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Quote from: feelideb on April 04, 2022, 10:04:25 PM

If you are not United States resident, avoid trading on bittrex! I have traded on bittrex since 2014 but unfortunately, the requirements for non- US traders changed and lots of my ethereum is stuck with that exchange.

Thats unfortunate, Im also a long time user of Bittrex but luckily I did not experience any issues with my trades until now, Im outside of US and whenever I used this exchange I always have smooth transaction, what requirements are you telling? Is that the KYC?

Helpme_please

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Quote from: Irazzzta on April 05, 2022, 10:01:14 AM

The worst experience about the exchange I got on IDAX and COSS, my assets were lost on IDAX because the developer ran away with all the customer assets. Meanwhile, my experience at COSS exchange is that after shutting down the service, suddenly my account cannot be accessed. So I hope you never keep your assets on the exchange for long, because we don't know what they will do with our assets in the future.

both of them really suck for me, but i dont have any assets there. Saving unreputable exchanges really make us worry if someday they stop operation and without any notification hold our crypto assets. Especially coss, since its launched i know its only fake exchanges that will rob our assets.

milewilda

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Quote from: LastKiss on April 05, 2022, 11:49:50 AM

Quote from: Irazzzta on April 05, 2022, 10:01:14 AM

The worst experience about the exchange I got on IDAX and COSS, my assets were lost on IDAX because the developer ran away with all the customer assets. Meanwhile, my experience at COSS exchange is that after shutting down the service, suddenly my account cannot be accessed. So I hope you never keep your assets on the exchange for long, because we don't know what they will do with our assets in the future.

I feel bad for your losses, it's our responsibility to do some research before using any service because a lot of people want your money and there's no guarantee that our funds will save with their service. keeping our assets in an exchange for the long term is not recommended from the start and it's better to buy a hardware wallet to increase your security from any phishing or scam. keep that event in your mind so it will become your experience so it won't happens twice.

Making out some initial research doesnt really cost you an arm and leg but still people do really neglect out this very basic principle until they do experience unfortunate events which they might have able to avoid or get rid off earlier if they had just made out some very simple basic thing which is to make out some research.All of the things is on your fingertips and you arent that dumb on not to notice
on which one is a good one and a bad one or does have lots of issues. You would really be ending up on the worst experience if you do make yourself get used into a platform which does
have lots of issues and complaints.

LastKiss

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Quote from: Irazzzta on April 05, 2022, 10:01:14 AM

The worst experience about the exchange I got on IDAX and COSS, my assets were lost on IDAX because the developer ran away with all the customer assets. Meanwhile, my experience at COSS exchange is that after shutting down the service, suddenly my account cannot be accessed. So I hope you never keep your assets on the exchange for long, because we don't know what they will do with our assets in the future.

I feel bad for your losses, it's our responsibility to do some research before using any service because a lot of people want your money and there's no guarantee that our funds will save with their service. keeping our assets in an exchange for the long term is not recommended from the start and it's better to buy a hardware wallet to increase your security from any phishing or scam. keep that event in your mind so it will become your experience so it won't happens twice.

Irazzzta

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The worst experience about the exchange I got on IDAX and COSS, my assets were lost on IDAX because the developer ran away with all the customer assets. Meanwhile, my experience at COSS exchange is that after shutting down the service, suddenly my account cannot be accessed. So I hope you never keep your assets on the exchange for long, because we don't know what they will do with our assets in the future.

feelideb

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If you are not United States resident, avoid trading on bittrex! I have traded on bittrex since 2014 but unfortunately, the requirements for non- US traders changed and lots of my ethereum is stuck with that exchange.

jossiel

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Quote from: ralle14 on April 03, 2022, 06:59:56 PM

Quote from: jossiel on April 03, 2022, 06:40:27 PM

I've never done that as well.

I make sure that there's a sufficient evidence and review before I try one. But I think the reason behind traders going to a newer or unknown one is due to some promos that they do.

Like they have some special promo that shall give them the chance to earn more aside from their trading profits there. This usually happens and for some, it's likely that they just want to try.

I've done it before only because I was participating in an altcoin signature campaign at the time and the only way to convert them to bitcoins was by using a less popular exchange.

Other reasons for traders to use another exchange is due to lower requirements like charging smaller fees knowing most of the big exchanges charge a lot when it comes to bitcoin withdrawals. Even though altcoin remains an option there are traders who prefer to cash out their money in bitcoin.

Yeah.

That's how it goes for the others.

Like if it's the only exchange that has those bounty tokens that they've got and they want to have it exchanged there, they're going to sign up for that exchange for that reason.

And after selling those tokens and converting it into bitcoin or any better altcoin, they'll just leave then and won't comeback there again.

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Quote from: jossiel on April 03, 2022, 06:40:27 PM

I've never done that as well.

I make sure that there's a sufficient evidence and review before I try one. But I think the reason behind traders going to a newer or unknown one is due to some promos that they do.

Like they have some special promo that shall give them the chance to earn more aside from their trading profits there. This usually happens and for some, it's likely that they just want to try.

I've done it before only because I was participating in an altcoin signature campaign at the time and the only way to convert them to bitcoins was by using a less popular exchange.

Other reasons for traders to use another exchange is due to lower requirements like charging smaller fees knowing most of the big exchanges charge a lot when it comes to bitcoin withdrawals. Even though altcoin remains an option there are traders who prefer to cash out their money in bitcoin.

Wawa2013

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Quote from: lalabotax on March 31, 2022, 06:21:09 PM

Quote from: sulendra12 on March 29, 2022, 03:03:04 PM

Yobit is so bad and I don't know why people still trading on that site. Because most of the coins there are pumped and dumped by bots and the volume is ridiculously low considering they have bots and stuff. Also they have like ponzi scheme and so many shady stuff on that site, so I'd recommend to just stay away from this site.

Yobit is indeed a bad place for trading. The reason why many people still trade there is probably that they can get small profits from the high risk of the pump and dump bots. I don't know how possible for those people to get profits from that bad situation in Yobit, but they won't stay there if they never get profits. However, for safety reason, we are better to not follow those people who still survive to trade in Yobit. I really agree that there are too many suspicious things on Yobit, including many fake tokens as well.

I also had a bad experience when trading on Yobit, one of them I invested in some shit tokens which made my money stuck in the shit tokens
for a long time. The promo airdrops given are often difficult to sell and sometimes some tokens cannot be withdrawn, for various reasons.
In fact, it is very difficult for me to profit trading on Yobit, I don't understand the reason, but it looks like a lot of manipulation going on Yobit.
I haven't used Yobit in about two years, because there are so many problems that I experienced in Yobit. Seems like quite a lot of people are
disappointed with Yobit, therefore I strongly recommend not to use Yobit for trading. There are many other exchanges that are better and
have a good reputation.

jossiel

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Quote from: henmark on April 03, 2022, 10:58:50 AM

I don’t know why anyone would choose to make use of an unknown exchange, that is something that I have never tried since I started trading cryptocurrency. I have always made sure that I’m making use of reliable exchanges and the ones that are well-known in the crypto-currency market.

I've never done that as well.

I make sure that there's a sufficient evidence and review before I try one. But I think the reason behind traders going to a newer or unknown one is due to some promos that they do.

Like they have some special promo that shall give them the chance to earn more aside from their trading profits there. This usually happens and for some, it's likely that they just want to try.

henmark

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I don’t know why anyone would choose to make use of an unknown exchange, that is something that I have never tried since I started trading cryptocurrency. I have always made sure that I’m making use of reliable exchanges and the ones that are well-known in the crypto-currency market.

The exchanges that I have made sure to stick with are binance.com, coinbase.com and these two exchanges has really served me pretty well when it comes to trading cryptocurrency especially binance.com.

I've always considered making use of unknown exchanges as a huge risk because I don't have enough money to risk on all that, so it is best that I just stay safe and not mess around with what I have. I have been scammed once, though not through an exchange, but I wouldn't like to experience that twice.

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Quote from: sulendra12 on March 29, 2022, 03:03:04 PM

Yobit is so bad and I don't know why people still trading on that site. Because most of the coins there are pumped and dumped by bots and the volume is ridiculously low considering they have bots and stuff. Also they have like ponzi scheme and so many shady stuff on that site, so I'd recommend to just stay away from this site.

Yobit is indeed a bad place for trading. The reason why many people still trade there is probably that they can get small profits from the high risk of the pump and dump bots. I don't know how possible for those people to get profits from that bad situation in Yobit, but they won't stay there if they never get profits. However, for safety reason, we are better to not follow those people who still survive to trade in Yobit. I really agree that there are too many suspicious things on Yobit, including many fake tokens as well.

Hamphser

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Quote from: Wong Gendheng on March 31, 2022, 03:08:19 AM

I was tricked by a DEX whose appearance and name are almost similar to PancakeSwap, at first I checked the token at BSC and I received a large amount of tokens and I think this is a reward for the many airdrops I have participated in, when I tried to connect something strange happened because The DEX asked to send the seed or private key by submitting it in the form, at that time I realized it was fake and I closed the site.

There are lots of phishing sites which do copy out these common exchange platforms or swap sites which we should really be careful on dealing with it because it would really be a cause of losing money if we are

able to expose those keys on other people.As for bad trading experience then this is mostly in talks about buy high and sell low kind of situation which im pretty sure that most people are really able to commit on the
same mistakes or experience due to unpredictability of the market but as you do go ahead and learn up experience you would eventually learn on how things been working on this market.

Topic: Worst exchange you experience for trading - page 2. (Read 1149 times)