RE: If You Are Still Using Poloniex Exchange Their New T&Cs Should Make You Think Again

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If You Are Still Using Poloniex Exchange Their New T&Cs Should Make You Think Again

in poloniex •  7 years ago 

100% - the sooner we get viable decentralised exchanges (with decent liquidity and a solution to the gateway trust issue) the better.

poloniex
7 years ago by

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    • [-]
      ·  7 years ago 

    Completely agree with this. The charges of trades are very high nobody is taking a note of that. I wrote a post on Irony of trading Cryptocurrencies on Centralised exchanges and why I moved to bitshares. But without the volumes on these DEX are still a long way from mass adoption. The spread is so wide that no serious traders would consider DEX yet.

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    4 votes
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      ·  7 years ago 

    Thanks I will check it out. I think with Bitshares etc. it is a chicken and egg situation. Hard to get more people without volume, hard to get volume without more people!

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      [-]
        ·  7 years ago 

      pretty much this. it gets insanely annoying to download the entire blockchain of every coin you're interested in. DEX can't come soon enough.

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      [-]
        ·  7 years ago 

      Yes or alternatively a truly secure multi wallet.

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        [-]
          ·  7 years ago (edited)

        I hear you @cryptofiend

        I will mainly be on the sidelines watching until that day happens but will continue to trade my BTC, ETH, LTC in 1\3rds back and forth as the waves continue to go up and down...

        Via blocktrades.us and shapeshift.io

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          ·  7 years ago 

        Me too. I still try to do some day trading in the hope that I will get better at it but I keep the majority of things offline in my own wallets.

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          ·  7 years ago 

        What wallets you use ?

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        [-]
          ·  7 years ago 

        Normally I use the official ones. Like for ether I use the MIST wallet and for bitcoin I use Bitcoin core - I find that it is the most secure way to do things. JAXX is great as a multi wallet but has had security issues. I'm looking at getting some hardware wallets once more stock comes in right now there is a shortage.

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        [-]
          ·  7 years ago 

        Thanks for this ! I like exodus but doesn't support steem and Coinbase for BTC .
        I check in Mist now and bitcoin core

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          [-]
            ·  7 years ago 

          OK.

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            [-]
              ·  7 years ago 

            I have been using the Electrum wallet for the past two years.I have not encountered any issues while using it.Its a legit wallet.

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            [-]
              ·  7 years ago 

            Never hear of this one but will check them all out. Thanks so much for the tip

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              [-]
                ·  7 years ago 

              Playing\Trading with 33% of my stash allows me to break them up into additional THIRDS to trade on the swings in price so I don't RISK my main 2\3rds which is safely secure for MOON TRAVELING!

              ;)

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              [-]
                ·  7 years ago 

              Great.

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              [-]
                ·  7 years ago 

              Wonderful

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                [-]
                  ·  7 years ago 

                What is wonderful?

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                  [-]
                    ·  7 years ago 

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                    [-]
                      ·  7 years ago 

                    Don't spam unrelated links. What does this have to do with Poloniex?

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                      [-]
                        ·  7 years ago 

                      no, spam I was just showing a decentralized exchange, sry

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                      [-]
                        ·  7 years ago 

                      OK but please give some explanation next time. There are too many spammers so it is not possible to always check things out unless you know for sure what they are.

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                        [-]
                          ·  7 years ago 

                        I would like to spam you lols

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