Interesting Bitcoin News Today (Electrum, BitPay, Blockchain.INFO, Kraken)
Kraken Support Not Replying
Ive never used that exchange but people claim to not have tickets replied since long time. Luckily as ive reported lately Poloniex stepped up and fix all ticket issues now. Hopefully Kraken does that soon too.
Interesting that when i scroll down main page of Kraken and click on "Support" link i get to dead page [edit seems fixed now]
Support link is located here - https://support.kraken.com/hc/en-us
BitPay Comes to Windows Phone
BitPay is the biggest company allowing sales of stuff for BTC - they are the gateway for sellers. They also have a popular Prepaid BTC card that loads of people use and can be integrated with app. Yaay for Windows Phone!
Electrum Testing Chain Split
If you follow my blog or BTC news you may be aware that on 1st August its possible BTC will split into 2 chains. Exchanges and wallets are now working on a way to detect the split and act accordingly. First one to publicly admit their tests was electrum - for which i have done some guides here before. Interesting times incoming people.
Blockchain.info raises 40 Million Funding
The most known and possibly most hated online wallet just runned series B of funding and got 40 millions. I always suggest to use wallets that let you have your keys - if you store coins in exchange or wallet - they own the coins not you. Anyways with the money hopefully they will develop some cool stuff. Worth noting they didnt do ICO like everybody now. Just usual fundraising from VCs.
Today Top Volume Exchanges
ETH LTC and ANS are rocking it for now, USD on good place too but fiat pair of KRW is on top.
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Thanks for the info great post once again that ETH drop was crazy im surprised kraken went down as well.
People shouldn't use Poloniex for Steem and SBD as well as Ethereum at this moment. See why here:
https://steemit.com/cryptocurrency/@barrydutton/steemians-warning-do-not-use-poloniex-at-this-time-for-your-steem-and-sbd-transfers-and-maybe-other-things-here-is-why
The problem is finding an exchange with enough liquidity to trade larger amounts without a ton of slippage. I have a serious amount of STEEM stuck on Polo right now and I am not happy at all.
Apparently poloniex has like 600% gain of new users in the 1st quarter of this year so there tickets are backed up hench why they removed the troll box and got the moderators to help with the tickets. Warning to any new poloniex users .. it's will probably take you ages to verify your account for any withdrawal so beware!!
Perhaps they should raise $40M just like Blockchain.info to upgrade their organisation.
I'll recommend the Open DEX OpenLedger.io. It may not have the same liquidity, but it's secure.
The interface looks the same as BitShares. Are these two related?
They are. If I'm not entirely wrong, bitshares is the platform while openledger is a DEX that uses the bitshares platform.
Openledger has many UIA like the Open.GRC, Open.BTC etc.
Please correct me if I'm wrong here anyone.
they prolly get that in trading fees in a week
Perhaps there's some other alternatives compared to Poloniex? All the exchanges seem to have flaws.
I feel like there should be a kind of company that should handle that kind of stuff... would make things so much easier and faster!
@johnsmith I don't have any STEEM so i'm even less happy :)
What exchanges would you recommend?
Bittrex is a nice exchange, simple and has a lot of altcoins!
their withdraw limit is really low
Bittrex is a good alternative and their graph layout and tools are awesome.
on my opinion ..just go for paper wallet . as i dont trust exchanges ...
The trouble is: paper wallets do not exchange very easily.
I like paper wallets, but it's for long term hodling, not if you want to easily trade.
Poloniex if you can get the level2 verification but that takes ages!
thats how i know u aint been in crypto for more than a cpl months
I think Bittrex or Coinbase
i use bittrex as well. not super intuitive at first but works well once you figure it out. if you've been using other exchanges already it may be easy from the start. i haven't had any problems with my trades or anything else.
What is another alternative?
polo is best alternative....
unless your withdrawal ends in limbo, which can anytime happen, e.g. Siacoin - it took a week (but finally all worked out)
I have heard that Poloniex maybe a scam and people aren't getting paid seen a few Youtube video's on this of other complaining that it's a major scam. Many people I know cannot withdraw they either have a bug in their system or it could be possible right that it's either a scam or going scam, but don't take my word for it because only time will reveal.
I have not had any trouble withdrawing my funds and the transactions have been very fast. But bittrex is a good exchange as well but it´s a bit messier
Yes, I agree bittrex is messier but a good exchange @amadat
Is Blocktrades safe?
I have not used it much but it works flawless. I am not sure how competitive the traders are. That is usually not my concern when trading with Blocktrades.us. I use this site because it is a convenient currency exchange. It is not really a traders exchange.
I use kraken and polo for most of my trades. They have replied to all of my requests. Works fine. I promise
Thanks for the info.
interestingly one of the quick way to be a millionaire these days and something normal people will ignore, is to participate in cryptocurrency. think about how much it has increased since few years back.
Ive quit that exchange over a month ago :)
Woa, but what's the alternative then. Bittrex, OL?
yep, bittrex is great! or, if you are wanting to sign up and get verified try https://www.btcc.com/ I was signed up and verified within 2 hours! I applied at kracked the same day and am still waiting, that was over 3 weeks ago. of course remember the first rule of crypto.. never leave large amounts of coin on any exchange ;)
Poloniex wanted an id proof from me just for depositing crypto. Is that anywhere else common praxis?
Not at Bittrex
In Poloniex the strange takes place, all transactions are suspended
There you Go!
Thanks for the insights @teamsteem! I appreciate all you do to keep everyone informed and educated.
what about bittrex?
The video version of why you shouldn't use Poloniex for Steem:
Everybody is saying that people shouldn't use this or that exchange... First Bitfinex, Poloniex, Kraken...
What we need is decentralized exchange!
We have one, go to https://bitshares.openledger.info
Thanks @sauna.
Also check out my new posts...;)
Yeah my SBD got lost on Poloniex and never went through. pretty sad thanks for this article
post support ticket they will help you today i lost my etherum w while exchanging so i raise support ticket and within 2 hours my all etherum in my wallet good luck
Thanks for the news brother, upvoted 100% and followed
Poloniex I'm still waiting for my 3 weeks pending ticket.
At least openledger answered my email in about 2 days, asking what is my account name which I included in my email. :)
Nice to see electrum testing, they are my favorite wallet. I hope they're testing multiple different scenarios, I think we could see more than one fork!
Please follow me dear so that i can increase my reputaion
@mynewsteemit I think its a possibility
I can confirm Kraken support is extremely slow right now. Been waiting more than three weeks for a simple account verification. No response to follow up tickets.
try btcc.com, I was verified within 2 hours!
I was the same in regards to a Euro deposit. It was just sitting "on hold" in Kraken for like 10 days. Previous tickets about general questions sat unanswered for like 3 weeks! Then someone suggested I contact their guys on Bitcointalk (Dargo is the Kraken guy's username). Within a day I had been contacted by 3 or 4 of their agents apologising for delay, etc and they got me Tier 3 verified and sorted out the deposit.
I'm in the same boat, and I submitted the information for verification about 4 weeks ago. Today I logged in for the first time in awhile, and it's still listed as processing. My Bittrex account was all set in a few days. Wonder if Kraken will finally have me verified when I log in next month? 😂😂
Thanks for the heads-up, safety first right!?! Some good news in there too, BitPay on phones too, pretty cool!
Namaste :)
Great info, and wow your rewards are HUGE. Congrats! Please follow, I have some amazing posts planned.
Thanks!
: )
#payitforward
Good stuff as always crown!
Doing my best here :) Thanks!
With your earlier post on Jaxx, I moved my crypto to copay
Now with this post, I was little soft cornered to Electrum.
The question is..... Is it better to stay with Copay? Can you suggest which one should go with according to your point of view?
Right
Perhaps I can add a bit about Kraken: They have a good website and the automated verification system is good enough. But if for some reason you end up needing Support, you're screwed.
With me they took two weeks to answer with an automated email that essentially said "If you still need help please send another ticket, if not, good for you".
However, most exchanges are struggling like that. Just a lot of people joining the scene. In general it's best to avoid Support as much as you can. And if you do have to talk to someone, remember to be polite, that alone will probably move you higher in the queue.
Do you think this will improve soon?
Thanks for sharing!
I use Bitfinex and I have never had any problems with support. My tickets have always been replied to within the hour.
Bitfinex was great till they got hacked. Took them 8 or 8 months to repay all the ppl. But yes they do have good coustomer service
The fact that they paid everyone back highlights the value they place on their customers and on the business. That is something Mt. Gox couldn't and didn't seem to want to get involved with. I was one of many who lost 1/3 of my Bitcoin holdings on Bitfinex and I've been pleasantly surprised with how well they managed the situation. Hacks will continue to happen in the wild wild west world of crypto for some time to come. Just have to be on the lookout for valid players in the space. I certainly believe in Bitfinex and Coinbase at this point
Its good to know your opinion of Bitfinex. I didn't have a Bitfinex account when they were hacked so I didn't lose anything. My premise was that they would be safer after being hacked because they would up their anti-hacking capabilities after that.
Certainly true. One price we all pay regardless is that price takes a hit in the short term when these things happen. But it's better for it to happen now then when the space is much much larger in the future. Though, I'm sure this will always be a constant battle and we'll just have to deal with volatility for the foreseeable mid term as the space matures beyond being considered a "bubble" and "ponzi scheme" as the mass media and banks like to highlight
yes true 100% agree with you
seriously kingscrown mentioned the best solution in the article above.
too many people are not aware of that, keep your hard owned money for yourself in a self secured walled on your laptop, and you will not need to contact any support or bother yourself with anyone
To me, the problem is how hard it is to trade directly from personal wallets. Which has some solutions, but none as confortable as am exchange.
Not to mention hefty fees (and sometimes way off rates) on in-wallet exchanges.
You could try Bisq (formerly named: BitSquare). It is completely P2P exchange with an escrow mechanism. I have not tried it yet though for a real trade.
I hadn't heard of it before but it looks pretty promising, thanks for sharing!
Hey there, use openledger the de-centralized exchange. https://bitshares.openledger.info