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Title: OKCoin wont release my funds! Post by: bithopper on April 18, 2015, 01:16:13 AM I traded 2 btc on the quarterly contract (expires in about 70 days) at 20x. Closed the position with 0.03 btc profit, but now Okcoin is holding 0.97 btc in my futures account, which cannot be transfered to my spot account or even traded with. It is simply locked and not usable for the next 70 days until the contract expires. I contacted them multiple times regarding this, but they say that its 'regulations'.
Why would anyone in their right mind trade with okcoin if they routinely freeze your funds until the contract expires? Is this normal for okcoin or am I being scammed? Title: Re: OKCoin wont release my funds! Post by: Hazir on April 18, 2015, 01:40:48 AM I hadn't any previous experiences linked with with OkCoin exchange but it seems they are the biggest exchange bitcoin market currently operating. It is unlikely that they are trying to scam you. But again MtGox was the biggest as well. And I checked theirs site and I personally wouldn't trust a company which couldn't even code their own FAQ (in english) page: https://www.okcoin.com/t-13.html
EDIT: to p2pbucks post below: What a great system they have then... Title: Re: OKCoin wont release my funds! Post by: p2pbucks on April 18, 2015, 01:45:30 AM okcoin future system executed a wrong delivery price （ 276 usd） , so they rollback all the data
Title: Re: OKCoin wont release my funds! Post by: billotronic on April 18, 2015, 01:58:02 AM well fuck a doodle do
Title: Re: OKCoin wont release my funds! Post by: Kaneki on April 18, 2015, 02:37:06 AM sign will be scammed :o
Title: Re: OKCoin wont release my funds! Post by: nextblast on April 18, 2015, 03:10:23 AM There are some rumors saying okcoin site got some problem yesterday. They'll probably fix it and I think your investments are safe there.
Title: Re: OKCoin wont release my funds! Post by: Chef Ramsay on April 18, 2015, 03:29:42 AM Yeah, I presume OK is just dealing with some unfounded problems but will be handling business just fine by tomorrow. Just hang in there and then you'll get your funds.
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