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Title: Is Bitfinex OK right now? Our LARGEST exchange... anyone know? Post by: Xiaoxiao on July 11, 2015, 01:53:48 AM Initiated a withdrawal for 100 LTC's and pending for 4 hours now.
All the while LTC price is dropping. This is unacceptable. Why is this? I thought it was instant. If I had known I would have just withdrew with BTC. Title: Re: Is Bitfinex OK right now? Our LARGEST exchange... anyone know? Post by: Quickseller on July 11, 2015, 02:12:05 AM It is possible that their LTC hot wallet was dry and they needed to refill it from their cold wallet. This would not be surprising considering the fact that I would think a lot of people would withdraw their LTC after a LTC price crash.
I would expect the same behavior if market conditions were the same for bitcoin. The process for replenishing the hot wallet (from their cold wallet) is going to be a long and time consuming one for companies that handle large amounts of crypto-currencies on behalf of their customers, otherwise it would not be very cold and they would be risking that money would be lost. Title: Re: Is Bitfinex OK right now? Our LARGEST exchange... anyone know? Post by: doublemore on July 11, 2015, 02:01:31 PM Initiated a withdrawal for 100 LTC's and pending for 4 hours now. All the while LTC price is dropping. This is unacceptable. Why is this? I thought it was instant. Yeah its bad timing for you, they do say its not always instant. I dont know what type of customer you are maybe they can do something for you. |