I used BlockTardes when I came into Steemit- Forced to on the way out.
Seems there is no other option still.
I came in with heavy deposits and lost big using blocktrades - approximately 400 dollars on every single deposit just because they wanted a few extra dollars using wrong price quotes.
I could have transfered the same 10 bitcoins to Poloniex (a reputable exchange at the time) and then to Stemint, but that would have only allowed $2000 dollars per 24 hour period and I as powering up fast. I put in over $400k in within a couple weeks. Not a chance to get that kind of money into Steemit fast and fight the good fight via any other method except elbow-deep-in-my-as- blocktrades.
Here I am again. It seems that Blocktrades has decided to quote within forty cents of the real figures for some coins that I have checked (not 20 dollars off on each as before.) morre info on lack of optoins in a bit.
Now there is a new danger.
I have written once about this an I will write about it again and again.
Steem connect routinely asks for your owner key.
I have never eve used my owner private key except the 1st day that I signed up.
You need your owner key for only 3 things:
- Day one, to get your positng and active keys
- In case someone gets your posting or active key - to change those
- in case of a bad hard disk - to recover your account.
these are similar reasons to use any private key for any real crypto currnecy.
Choose "manual transfer" until they stop this none-sense!
Yes. Blocktrades is offering to accept your owner key as if a fee isn't good enough to stay in business, No, as if a fee and a quote well biased to their side isn't enough to stay in business. No, they need your main, active or owner key to make a trade "easier for you". I think I can handle a destination and and amount and a memo to do my transfer, the same as I would for @booster or to pay someone in Steem.
Steem Connect and Steem related sites such as DTube
Have both asked me for my owner private key and I have never entered it.
I have written about it. Since then, there is an option to enter and active key, giving anyone who intercepts the key the ability to empty my Steem, SP and SBD as easily as I can.
This is not right nor acceptable
Any one key and your Steem is gone.
The downfall of crypto comes...
When sites just ask for the top level private key and people paste it in.
Just simply asking for the key which allows your money to be taken is criminal!
Exchanges...
Here is a run down on options if you are invested in Steem or SBD :
There is the six month wait to have a deposit credited to Poloniex, if you have a problem ticket open.
The Government boot on the neck of bittrex to get my documentation and they will not let you take out any money till you give it up.
Lots of new scammy / referral linkish new exchanges that want your crypto. Shapeshift has Steem and SBC on Temporarily Disabled for over a year - Thanks Erik Voorheese
Changelly was open today but Blocktrades beeth them Current Steem $3.33, BlockTrades $3.03 (minus fees) and Changelly $2.92 I was actually shocked to see Steem on the list as my steem has been locked in a brokent gateway for over two months, I have been looking for a place to change a little steem out.
Then most sadly. Bitshares let me watch as bitcoin hit 19k and go back to 7k and up again near 10k while my Steem and SBD deposits were stuck in some heavy duty gateway maintenance thing. They were open when I made the deposit!!
The lack of any reliable exchanges to deposit or withdraw steem/SBC (waiting over two month s for a broken gateway on bitshares with a snyde remark in the support ticket which has been closed over and over as if solved, though my money has not arrived in the exchange. I bit my tongue for over two months now. And I am finally, sadly, speaking out.
Hi Htooms,
Please read this article https://blog.openledger.info/2017/12/18/openledger-official-web-sites-get-updates-by-the-first/
As you know the STEEM and SBD gateways are under maintenance https://blog.openledger.info/2017/12/29/golosgbg-steemsbd-gateways-are-temporarily-disabled/ since 29.12.2017
Your funds are already at r8tvw3-d940-df6jzent-6q23gjds and b6z6q9-d940-4p0d0jqj-63n4hpvv, but you will be able to see them only when gate will be opened. So you just need to wait.
Dated January 24th, 2018
Oh how I really wanted bitshares to be the solution
I really wanted this to be the place that takes off as more and more .com exchanges get hacked. Most sites are disabling Steem and SBD. Other sites have no history. They are way to new to consider using.
So here are our choices.. and the problems with each
1 Upbit : Too new to trust
2 Bittrex : Government Forcing all to submit Documentation
3 Binance : Too new to trust
4 Upbit : Too new to trust
5 Poloniex : Not trustwrothy. Holds deposits for six months at times.
6 Binance : Too new to trust
7 Binance : Too new to trust
8 OpenLedger : Deposit gateways have been closed for over two months
9 Poloniex : Not trustwrothy. Holds deposits for six months at times.
11 OpenLedger : Deposit gateways have been closed for over two months
12 OpenLedger : Deposit gateways have been closed for over two months
13 OpenLedger : Deposit gateways have been closed for over two months
14 Shapeshift: Steem temporarily disabled since I joined Steemit
15 Changelly: Steem temporarily disabled since a month after I joined Steemit
Edit: Changelly is up but paying way less than blocktrades today.
Sad state of affairs.
Please steer around any site that asks for "main" or "owner" keys.
Don't give anyone access to your (pick one)coin private keys either.
--
Thanks for taking time...
Remember. Your job is to make sure people know that simply putting it "on the blockchain" does NOT mean that it is on the Bitcoin (or another reliable decentralized) blockchain.
No longer posting my Open Lendger or Bitshares link. I will be un-boarding one trader per month - halting any new on-boarding until the gateways for deposits are fixed. I have 50 traders that were buying bitUSD from me via bitshares- 6 to 10 of traders per month. and they will all go back to Dash and Ethereum purchases.
Well i have i have experience some tie down on open ledger but i was forced to convert my steem and sbd to bitcoin then transfer them to bittrex. I don't have problem with bittrex asking for documentation i think they are just trying to operate in a more professional way in case there is problem in the future as the document can be use to serve as prove of ownership of asset.
If you were an American citizen then you would surely have a problem with it. If you had millions you would definitely have a problem with it. If roun riverstones suddenly became valuable, they would want one out of every 5 you collect. I say - Go to the river and get them yourself.
We added the option to pay with steemconnect instead of a manual transfer because we believe they are both at relatively the same security level for most Steem users: I believe most users use the steemit.com web to do their transfers, which requires an active key to be entered into the web page. Steemconnect requires the same. Neither service transmits the key beyond the user's browser (i.e. the key never leaves the user's computer), assuming the sites themselves aren't compromised. It's my understanding that steemconnect's management is going to be handed over to steemit, which would put them at pretty much exactly the same security level.
Now it is true that if these web servers were compromised, keys entered after the compromise could be exposed until control of the web servers were re-established by the rightful owners. This is a real potential security hole, but it's not a new one for most users. But for users who hold a lot of Steem, especially if they hold it liquid form, I think a better option is to keep your funds in a command-line wallet and use it for transfers. The risk is not as high for accounts that store most of their Steem as Steem Power, because they can potentially do an account recovery to regain control of the account before the Steem Power can be powered down.
Maintaining and using a command-line wallet is probably more work than most casual steem users want to do, but it's probably the best way to protect a large amount of liquid Steem. It's the way we protect our liquid Steem holdings and I believe many Steem whales do the same thing.
I'm not sure why you mentioned owner keys in this context: owner keys are not required to do a transfer and users should always use their active key rather than owner key for such operations.
I have no problem with letting you have my active key, as I would notice the first power down. New users may not notice anything if not warned what power comes with that key.
My problem is with the new users who have given up the owner key. I have been on the phone most of today telling them to clear their accounts because they can be locked out. An owner key allows the one who has it to change all three keys including the owner key.
I have a Dash master node,which requires 1000 Dash in one account, and Dash has neither asked me for my private keys nor spoken about the risks of doing so.
I agree with you that steemconnect should probably not mention the option of using the owner key as opposed to the active key. I would change the wording now, but it's not our site that hosts that code. But I'll raise the issue with steemconnect guys and see what they say.
Could you add a pop up alert to your site when people choose to use Steemconnect? Something along the line of please remember to use your active key to help keep your account secure?
Could you add a pop up alert to your site when people choose to use Steemconnect? Something along the line of please remember to use your active key to help keep your account secure?
Yeah, it should be clear that Active is sufficient (or password, from which active (and owner) can be derived).
thanks to @blocktrades I am very comfortable doing tranfer with the addition of new features.
Ok, I think I understand your point about the owner keys: Steemconnect in an apparently excessive drive for technical accuracy mentions that you can enter your owner key as well as your active key to do a transfer. I never really paid much attention to that since to me it's very clear that you should always use your active key when possible instead of your owner key. But new/inexperienced users might not know that. It seems like a change in wording to the dialog should be considered by steemconnect team, to strongly recommend use of active key rather than owner key.
Now I am uncertain if SteemConnect is part of blocktrades. Either way, that key should not traverse the nic cable that goes to one's router.
I have seen the same request on eSteem, the mobile app and if you switch to advanced sign in mode, it will allow a posting and active entry instead. I have the developer's email address and will bring this up with him.
Lastly, I am glad to see your exchange much more in line with prices on the average prices on other exchanges. I lost thousands using blocktrades when I first powered t is account up into the top 100 on steemwhales (in two weeks), compared to what I would have spent sending bitcoin to Poloniex and then bringing it in $2k per day. But I needed the SP right then to double my power against people who were crushing new comers.
https://steemit.com/steemit/@htooms/how-to-continue-as-a-whale-2-weeks
I lost few hundred dollars as well today because of block trades :((
That's why I have been wary to join DTube or enter my key for anything other than Steemit. Seems too risky and my account barely has anything in it. Maybe having a secondary account specifically for other sites makes sense so if they get hacked then hopefully the main account is protected. I use blocktrades all the time and I appreciate how easy it is to use, but I definitely still do the "old way" of pasting memos.
I have given my active and posting keys out to sites (bots) that use them for good. But all my steem is in SP. I monitor those accounts weekly to see if anything is disappearing. If so, then out comes thei Owner Key and I change the other two. Risky, I know but never put more on line than you are able to lose. For me that figure is 200k in a single account. More than that and it would bother me to lose it.
Hi @htooms, as it is already posted on your post and I have also encountered many problems on both bittrex and in poloniex !, but are you sure that the best optional blocktrades for steam exchange or sbd?
Thanks for that info - it is a long post but an informative and important one so I took the time and read it though, then I went right away to steemd and checked what privileges have been granted by me to dmania, busy and so on and I am happy to say it's only the posting key :) so I'm calm now.
it's frustrating that a person can't have a normal private way to trade crypto - in my country people often just meet and transfer crypto for cash but it's not practical for very large amounts of crypto I guess :/
I hope Bitshares will get things working again - I really like this service.
I hae customers who buy crypto who are changing to a new account because they have unwittingly given out their 'Owner Key' . Why? Because they were asked for it.
This is a shame.
Very informative information shared @htooms. I don't mind this issue. Now I updated and need to find more. Thanks.
@htooms, That's extremely very supporting post to steemians how to see big issues in blockchai. I'm sorry for hear about your lost. I guess now you're solve those problem. Yep... there is a new danger I've seen after looked your blog. Thanks for your recommendation.
Wow. Thanks for the headsup. Seems bittrex is the most reliable and affordable exchange site