RE: Is Bitfinex A Scam?

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Is Bitfinex A Scam?

in crypto •  7 years ago  (edited)

I too experienced the EXACT same problem.

It has now been 14 hours and i am STILL waiting on a "processing" withdrawal.

Their documentation tries to pass delays off as blockchain related, but in reality there is NO transaction pending on the blockchain. They simply have NOT sent the funds.

I can only assume that Bitfinex is completely corrupt.

In my opinion, trading on Bitfinex is incredibly dangerous.

Thankfully i started with a relatively small investment of $110 of IOTA.
I am guessing i have likely lost that investment.

Incredibly furious about this.

I would agree BITFINEX is a total scam. (maybe not, i guess i should retract that, see update below)

If anything changes ill reply here.

UPDATE: MY WITHDRAWAL FINALLY PROCESSED.

Still ... why it took so long is very concerning. Especially since I never received any reply via support email.

I can only imagine how nervous id be if this were a much larger investment. Ugh.

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Hey I received my IOTA a few days after i posted this article. Hopefully you get yours soon.

Thanks so much for this reply ... happy to hear ... ill definitely let you all know what happens with mine.

Wow, ok well ironically ... 10 min after this post ... my withdrawal arrived. A lot quicker than yours apparently ... sadly though, just having to wait that long has me really hesitant to trade there with a large amount of money. I wish IOTA was available for exchange on bittrex.

It's probably poignant to point out ... while all these cryptos are decentralized ... and while most pools seem to be playing fairly .... in a way ... the exchanges really have too much influence on the entire ecosystem and are so far and few ... I am really hopeful that the Cobinhood can shake things up.