RE: IOTA Exchange Cluster F*#K (Coins stuck on Binance) :-(

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IOTA Exchange Cluster F*#K (Coins stuck on Binance) :-(

in iota •  7 years ago 

Hi @BrianPhobos, yes, I have had the most frustrating experience trying to transfer some Btc to Bitfinex. Made a small deposit of $200 Btc on December 3. The Btc is still waiting for 'confirmation', needing only one more confirmation to deposit. The Bitfinex 'Help' indicated checking the transaction link to see where the hold up is.
Sure enough, even though Bitfinex does not recommend using a transaction accelerator, it's not too hard to find one. The estimated cost is $78 to accelerate a $200 deposit. First time I ran across this extortionate transfer rate. Since I refuse to waste almost 30% of my deposit, it's still sitting there, unconfirmed. Meanwhile the Bitfinex help indicates the transaction will eventually fail and the coin will be returned to the originating wallet.

Where else can I buy and hold IOTA without being held hostage in the process?

What will it be like to withdraw?

No wonder the average person thinks we are nuts to be involved with this .....

#iota #cryptocurrencies #bitfinex

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There really isn't a good spot to buy IOTA at this point. If you are having Bitfinex there are problems over on Binance right now as well because you can't withdraw.