Following up from a previous post on Poloniex disabling STEEM/SBD deposits and withdrawals, I said I would provide an update if things changed.
Poloniex now has a banner above the market graph for STEEM and SBD which reads:
STEEM deposits and withdrawals are currently estimated to resume by 05:00 UTC on July 1st.
So good news for everyone (including me) that are waiting for their transfers to show up :P
Just one more day and we can hopefully expect Poloniex to be back in shape. I was starting to transfer everything to Bitrrex. The closing of the troll box and these weird issues has me suspicious about what they are doing...
As for my "ticket" with their support, well this is the status:
And I have no response from them yet after 2 days.
I hope they give us all a real honest explanation about why these STEEM freeze happened.
Don't take this as a chance to start using Poloniex again. Use this as a chance to get yourself completely out of Poloniex!
Use Bittrex or OpenLedger instead!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah, I asked for level 2 limits so I can get stuff out faster lol. :P
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I just got my last bit of BTC out of Poloniex yesterady. Sigh of relief.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I had been meaning to buy some zcash for a while. I converted all my Poloniex coins to that and moved them off the exchange, big sigh of relief too :)
I am really hoping Poloniex doesn't crash as it would be such a shock to all crypto in terms of market contagion.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yep. Dump em
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I switched to Bittrex and don't see myself switching back.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The key is to use http://bitsquare.io as your main exchange because it is not owned by anyone or person, and then just have an account on ALL the exchanges, even the smaller ones like Yobit and those typs.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This looks fantastic! Thanks for this. =)
Upvoted!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yep, I won't go back.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Even if there will occur similar problems on bittrex in the future?
Some people marry many times in their life, and each time they thought they are doing well.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good news? First it's only a good perspective. I believe only in this news, when I can see my transmitted coins in my wallet or deposit. Thanks for reporting anyway.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
As fo me, I'm waiting for the answer from poloniex support for 11 days, and there's no response. 😢
It's not much money that I transferred but it is not professional for such a big company make so many people wait 😳
For now I transferred all my wallets to bittrex.
We'll see what happens tomorrow 😈
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Feels like months got a few SBD awaiting deposit so should be some crazy volatility when it comes back on.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
LOL, yeah, I guess lots of selling?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i think so
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the update KrNel. I've been using Bittrex myself the last few days. While it will be nice to have another major exchange available again... "once bitten, twice shy." I'll probably be doing pre-transfers of .001 SBD before moving things back and forth, just to make sure everything goes through. I'd hate to have my funds locked up indefinitely with another outage.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good move. Bittrex might have ETH issues in receiving I saw when I created an address yesterday. They say to send a small amount to test first, then more after. I found that odd.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The issue with ETH is different, it's a network congestion.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah...this has been going on since HF19...either there are some wicked wallet issues to address, or they really are struggling with the growing volume of trades, or both, or both plus...I'll stop here.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
But the trades still go on, and other coin markets have more volume than STEEM on polo. Their excuses don't seem valid. Wallet, STEEM blockchain issues, etc. while other exchanges are fine.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Exactly. Anyway, appreciate you keeping us posted. Moi, am too chicken to trade on polo at the moment and am only on Bittrex. But then, my trades are mere ripples - lol.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I tried them both when I started. But I think I will no longer use polonix, so you're good to stay where you are at Bittrex :P
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
😅
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good to know! Thanks for sharing with us all :D
I was really worried, but this gives me hope.
I hope BTS also gets fixed soon since I hold some and these days I couldn´t get ahold of them. To be honest, as soon as I can I´m gonna withdraw my funds to somewhere else.
Anyone can recommend a safe place to store BTS ? could be cold storage or a trustable exchange.
Thanks a lot!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You can use openledger for the Bitshares exchange, and you download your wallet to your computer ina .bin file. Or use a cold storage, or bittrex might carry BTS as well.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks again! will try using openledger for Bitshares :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I was wondering if it's okay to use poloniex for converting sbd to steem with only the email verification?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Use Bittrex.com instead. And yes you can do it there, or internally in your wallet if you don't want to bother ;)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the tip! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What you think? Are we gonna get back SBD what we lost while tranffered toPolo?
For sure 1st of July it's gonna start work, but do we gonna get back our lost coins?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
We better! Or else they are in shit!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Or else we are in shit...
Just sayin...;)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Man... don't even think it!!! LOL :P
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for this update. I had just started trying out Poloniex when they stopped Steem exchange. Your update gives me hope. Upvoted.
Upvoted
I request you to visit my latest blogs when you have time and leave your valuable comments. I have posted a blog about a mystique boat ride on the river Ganges today :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Im definitely going to try bittrex from now on, and keep anything not being used in a wallet.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah, these are good lessons to learn from poonix about how unstable exchanges can be. Thanks for that suggestion.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I just figured the troll box closing was because they got tired of dealing with knuckleheads. Imagine if they implemented a Steem-type upvote system on that thing... :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
LOL, voting systems with trolls doesn't work well hehe.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Right? I mean, imagine if you had to "pay with a vote" just to comment, and then from there it could get up or downvoted via Steem. Seems like it'd clean that up a lot and add a bunch of value to their platform.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
supper
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Comme d'habitude tu fais de formidables articles qui me font plaisir Merci.
Upvote or follow me please. ☺☺8
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Merci. Vouz lisez en anglais?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
J'utilise la traduction de chrome pour lire malheureusement
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Tu peut me donner des conseils pour mieux debuter sur steemit please merci
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hola! Bienvenido a Steemit!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Many people are running now from poloniex to bittrex. But nobody can guarantee us that there on bittrex will never be similar problems in the future. Nobody is perfect.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanx for sharing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
plz vote me my postes
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I have no answer for more than two weeks. I do not expect them to give us a true, honest explanation.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
We Should use bitrex instead of poloniex
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Do we have any idea of how much Steem is actually stored on Poloniex?
I know there is a Poloniex account which has 50m Dollars but Poloniex could be using a form of fractional reserving to hold more than that in user accounts off chain on the exchange.
It would interested to see how much is actually stored on the exchange.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Poloniex account is not availlable coins, it's just accounting. All we know is that STEEM volumes were somewhere around $700K / 24h recentely.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is why I don't have accounts on these exchanges, or a wallet, other than Steemit. I have no trust for them.
However, Poloniex seems to be making an effort to maintain user accounts, while dealing with issues it isn't making public. I would suspect that this indicates publicizing the issues would harm account holders.
I also don't see that other exchanges not having this issue as necessarily indicating that Poloniex is certain to be at fault. They may actually be dealing with problems that other exchanges are just ignoring, or even causing.
Without more information, it is impossible to know.
The fact is that cryptos are just too insecure and obtuse for, at least, non-specialists in cryptography and networking to have any trust in whatsoever (and perhaps specialists as well). Until these issues themselves are resolved, cryptos look more like a trap than an opportunity to most folks.
I do not feel any resentment towards folks that have made out well with cryptos. I just can't justify presently the risk given the circumstances. It is antithetical to the first rule of sound investing, which is make sure you don't lose your investment.
Not that I have anything to invest =p. My advice or thoughts on the matter are certainly worth exactly my level of investment!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah, the name is symbolically negative. Cryptography is to encode, to make secret so secrecy, dark, evil... is just slides down there! Risky dark side of money... Crypto money is bad!!!!!! It has negative connotations.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I do not fear connotations, but concatenations of confusion and collusion, and other c words too.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit