You are viewing a single comment's thread from:
RE: Cool Things to Trade on Bitshares DEX (OpenLedger)
I am trying to get into bitcoin but I am not sure if I can trust the technology. I have tried it with cryptsy and then coinbase and got screwed both times...before I can download my coins to my wallet they locked me out of my account...are you guys having similar experiences as I do in crypto?
Can you clarify what you mean by "got screwed" and "locked me out of my account"? Did you forget your password or something? Did you falsify identity records or validate their terms of service?
If you own the private key, you own the crypto. If not, you don't and you have to trust a third party. True ownership of cryptocurrency can't be stopped by anyone.
no, didn't forget my user pass , it just suddenly wouldn't let me login to the site so I wasn't able to gain access to anything....even to download my cryptos to my wallet.
and no , I have done nothing wrong. Just couldn't login one day and I send a ticket to request reset but we just kept going in circles because the new user and pass still doesn't work...we did this back and forth at least 10 times and tried calling support and never got a call back
and just so you understand, coinbase is currently undergoing a class action lawsuit by many users experiencing the same problem.
I am reluctant to get into crypto again because of my experiences with crypto, it's not regulated and no accountabillity...sounds like a scam to me...I hate to say it.
Do you use a password manager? Is there any chance someone got access to your password (i.e. do you use the same password on multiple sites and one of those sites was hacked?), logged in, and changed the password?
Online security is not just the responsibility of the services we log into. If you have a keylogger installed, no amount of security on the target service will help (other than maybe 2FA). If your OS doesn't have the latest security patches or if you don't have up-to-date anti-virus software, then you may want to avoid crypto right now.
I assure you, it's not a scam. Centralized services like MtGox might be, but the code and the protocols themselves are not.
no, I do not use password manager. Let me just say that IT isn't the issue here, I work with software so I somewhat know what I am doing....it's none of those you've mentioned. Coinbase is undergoing a class action lawsuit as we speak for the very same reason....look it up if you don't believe me.
Can you include a link? When I google, I see results relating to Cryptsy.
well, I think coinbase either acquired cryptsy or they were cryptsy operating under coinbase..it's really hard to really know for sure since everything is hidden. But here's a link : http://www.newsbtc.com/2016/12/16/coinbases-faces-class-action-lawsuit-from-cryptsys-victims/
I also speculate that the crytsy owner Paul Vernon is just a scapegoat for bigger scams .
Exchanges are not crypto. They are two different things. If you don't trust exchanges, just by crypto locally or use a decentralized exchange like https://bitshares.org/wallet/#/