Is this the end for Poloniex?
There have been a plethora of complaints from customers about the lack of service and timely response from poloniex, others have reported that poloniex have held their assets hostage and the process of trying to get them back has been downright painful and unpleasant
People should never leave their money on the exchange. It's just wrong and causes the exchange to get greedy and do all sorts of dodgy activities. Upvoted and RESTEEMED!
dodgy is a great word to describe poloniex and Coinbase. They both have sucky customers service, and now Genesis Mining is joining the list of shady companies.
Will you do a rundown of your current list of shady companies/red flags, please? I think it would be a great service to that are interested in trading and/or investing online !
This is exactly the reason one should have as little as possible to do with any exchange. Adding a third party in control of your money is never a good idea, just a necessary evil at times.
I completely agree with you. I try to keep a majority of my holdings inside of my hardware wallet or a desktop wallet. You can never be too safe with these exchanges.
Currently have SBD stuck there as thier wallet is down. Once it's out I'm not going back. They are blaming it on steem platform too despite every other exchange having working SBD withdrawals
I have heard of this happening way too often. If I want SBD I'll either purchase them here or from Changelly or Shapeshift.
I have never tried this platform--hope they can get things together. FYI so far Gemini and Bittrex are a great combo for my purposes.
I tried Gemini once, but I just couldn't wait for my application to be approved. It was over a week and they still hadn't gotten back to me. Perhaps I'll try them again in the future, glad that it was worked for you.
Nice that you havenot use Poloniex. Too sad that things going that way in Poloniex.
Better safe than sorry. Just like you shouldn't invest more than you can afford to lose, same thing goes with leaving funds on an exchange.
Upvoted and resteemed sir, great info should reach to all steemians so they can dealt with this problem as early as possible.
Thanks for visiting and for the upvote and resteem.
I've pulled out all my assets from Poloniex a while ago.
I think that site is just greedy. Move to coin base or other trade sites that are trusted and have good reviews.
My advice. GET OUT OF POLO ASAP.
Great advice. Thanks for visiting.
Very nice information @wthomas sir, now we can save our funds from poloniex in time.