PSA - Warning Bittrex wallet maintenance, (No outgoing transfer since 12hrs ago)

in psa •  7 years ago  (edited)

Based on transfers. last outgoing was 12hrs ago.

Do not send to Bittrex until this is resolved.

As we've learned from Poloniex this could last a long time.

Traders should increase their spread if doing arbitrage .

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Thank You for helpful advice ;)

I just posted about this - I find it 'odd' that there is a repeating trend of major exchanges shutting wallets down at exactly the moment that we most want to use them when Steem is rising/peaking. Only @blocktrades is usable for me right now.

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I find it particularly egregious when exchanges, whom people depend on to be able to quickly move funds from one place or another do this kind of shit arbitrarily. It seems suspect at best. It's always scary when you add money to an "Exchange" which could be a business or just a computer in some guys basement in Bum Fuck Egypt. I think that perhaps we place a bit to much faith in exchanges especially in light of the fact that they are completely unregulated for the most part. To that end I think I will go to Github and start my own, collect deposits, have a "hack" and tell the users.. sorry bout your luck.. it was in the TOS, your fucked.. take care...

ok, noted.. "do not use pawsdogiex exchange" ;p

LOL.. Now that is some sound investment advice.... :)

They take the steem wallet offline a lot, and eventually comes back. This is the longest I've seen it down for though.

is bittrex safe in general @transisto? i am interested to open it but i want to hear some opinions and also gain some knowldge first
thank you for your post

I'm not @transisto (obviously lol) but just butting in to say I've been using Bittrex for some time myself. In my opinion they are safe, although their withdrawal fees may fluctuate from time to time. It's also a place where you might see P&D's happening, due to the sizable number of sh*tcoins they handle on the platform.

Exchange wallets going offline for maintenance is not uncommon, especially if there's a fork, or wallet software is being updated or malfunctioning, or a daemon is broken. but it's not something that happens frequently, or for every coin in my experience. Ethereum wallets at one point some months ago were going down every week it seemed. I remember transferring some Ether there just before wallets went into maintenance. wasn't impressed.

But as for Steem wallet going down for maintenance, Bittrex probably had a good reason. last thing you want is a wallet daemon spazzing out and eating peoples Steem or sending it off into the void instead of your steemit wallet.

Bittrex looks the safest to me and have good customer support. I moved $ there from polo a few months ago.
Bitfinex is the largest (except for the Korean one) , so trading goes instantaneously there.

I think the korean upbit.com share the same orderbook as bittrex, (so same size) they have fiat pairs though.

I always use Bittrex never had any problems so I'm assuming its a temp blip (Not that I know anything about all this haha. )Thanks for the updates

is it @kingmotan? i have opened an account there but still have to go through with verifications which i am reluctant to do since i have to give my selfie (i am shy :p)

Basic verification is enough and you don't have to take the selfie afaik

ok

It is until it's not (can't tell), there isn't many options right now. Polo and Bittrex for trading.

thanks for the info, it is interesting i will keep searching

I would say not to deposit any sizeable amount until you've verified that you can withdraw. I put some sbd on there to sell back when it first shot up, and when I went to withdrawal, the basic verification wouldn't go through.
Selection_999(1016).png

So I went with enhanced verification (even though I really didn't want to), and they apparently didn't like my gov issued identification because I still haven't received a reply to my ticket submitted on Nov 24.

tl;dr send a very small amount to bittrex and withdrawal it before using the exchange in any capacity

thanks @r0ndon

Update : Issue is solved.

I remember it was off for a few days(weeks?) a few months ago ?!
I have a ticket opened with these fkers for a month now.

very helpful post for me.i was anware of it.thank for sharing.god bless you

i went to their physical adress after i found out about this whole chaos because i deposited 3500 last night into bittrex and its a fake adress or they have another business name

Right now I don't like Bittrex because I need to go through some enhanced verification before I could withdraw (or take my money back) which does not sound good at all, at least not to me. Now this maintenance of wallets, I am curious what is next? Anyway, it is pretty hard to curate your poats, I am here 20 minutes late and already 92$ :))

Steemit should have this kind of feature where it provides current status of an exchanger when transferring Steem/Sbd upon executing the transaction. In that way, users can opt to choose alternative exchangers.

I don't have a Bittrex account but I believe my husband does. I will let him know. Thanks.

I also noticed Blocktrades having trouble earlier and I don't know if that is due to maintenance or something. I wrote to them. I'll see what they reply.

thnx 4the headsup

Thanks a lot for your information...

Thanks for information

Why I'm not surprised!

Poloniex never came back?

I really hate maintenance issues -.-
Steem shot up nicely been wanting to buy some all day for a long term hold, been out of order all day.

Wow, thanks for the info @transisto. Glad poloniex wallet is still active now. The last time was a long one. I hope bittrex gets back on soon, and i pray poloniex does not go on maintainance anytime soon. Is good to spread as you never know.

Bittrex is safe and secure tho

For my long memory this is not the first time. After such news here, all interest in Bitrex falls sharply.

total noob here in regards to exchange but situations like these makes me very hesitant to want to hold funds in an exchange. I just started trading on hitbtc and had a minor hiccup but things looks okay for now.

Nice post I was a little worried about something like this happening, am all in steem with the sbd I made.

Anyone know what the problem is , or have any idea how long it will be down for !? Thanks @transisto for the information ! Much appreciated !!👍👍👍

Just another reason why i dont like bittrex...
Going on 12 days, waiting on verification so i can remove my BTC being held hostage.
I hate trex

Poloniex never came back?

yes they did

Good content and very informative. Thanks a lot.

was waiting a whole week to transfer my steem dollars to bittrex and now that, cmoon! :(

Does anyone have experience using HitBTC? It would be good to have many alternatives, I do not trust Poloniex.

Not sure if you are still monitoring or down-voting 'overpaid' posts.... But this sure seems to be one(almost all bought votes): https://steemit.com/crypto/@brittuf/free-aidrop-teleport-token-get-50-free

I have bitcoin stuck there because a verification thing that is never fixed. Some people (a lot) say they have a month waiting, I have 4 days.

Thanks so much for information. I like you

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I just saw one of the coins in my wallet is also in maintenance.. and lucky that my transfer at Bittrex was smooth today.

wow thanks.. nice post

  ·  7 years ago Reveal Comment

? Flag

I don't Know about this. Sorry