Crypto Exchanges Seeing 100,000 New Accounts/ Day
It's no secret that cryptocurrecny was making the news for a lot of the last half of 2017. It's popularity is growing by leaps and bounds and everyone is talking about it. Exchanges are seeing an explosion in new accounts. While at first glance , it may seem like a good thing - the problem comes when exchanges cannot handle this volume and traders are shut out from either opening accounts or managing their existing ones. If you are new to crypto then this is something that might you turn you off to trading or buying. Some of you may even remember when Coinbase had to shut down temporarily due to having too many accounts opening?If your first experience is less than pleasant and difficult -it's unlikely many people are going to take the time to try it out again. Now according to a new report, exchanges are opening over 100,000 accounts a day.
Cointelegraph has an interesting article in regards to the exponential growth we are seeing in these exchanges.
Exponential Growth: Cryptocurrency Exchanges Are Adding 100,000+ Users Per Day
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Wow, That is a lot of accounts. I remember being so excited to open my account and it took two weeks! Coinbase was down and could not verify my identity for a few days. Then i had to open a new checking account because they did have my bank on their list. Then I had to wait the 8 days for a trade to go through.
I ran into similar issues with Poloniesx... I'm still not verified with them and can't use them. Pretty happy with Bittrex so far though.. glad I'm already in.
I got in with Poloniex right away. I have not tried bittrex yet.
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