Bitcoin Forum

What if they closed old accounts ? I think our coins are not safe in exchange sites

Okay? That's kind of a long stretch. They're stopping new accounts because they can't keep up with demand. My God people here just fall to pieces at the drop of a hat. Grow a pair. You'll need them for this crazy world of cryptocurrency.

They will not do that, i knew that they will just increase there server to have more many user/traders in their exchanger sites and like just what binance do also. Having a nice service to all there traders

They might close old accounts only if the accounts are inactive(nobody has logged in for the past 6 months).
And they will try to contact the account owner,if he still has any cryptocurrencies in his account.
CEX.io isn`t allowing new accounts as well.It looks like the big crypto platforms can`t handle all the verification,withdrawal and support requests.By the way,you are right about our coins being not safe in exchange sites.Everybody uses those platforms at his own risk.

yes that's right, saving the funds in the exchange wallet is a risk but it is very difficult to avoid especially for traders, I can only suggest if you are not a trader you should keep your funds in personal wallet.

It is normal to suspend new account because their existing customer might suffer later on. This move is a good sign for all however, not good for new comers. If bittrex upgrade / added servers then registration will open again. as of now you can try binance it is an emerging crypto exchange so good luck.

This is because the demand for Crypto is rising day by day and many registrations are being done everyday. Every user wants their coins to be on a safer exchange. Every user creates accounts on multiple exchanges. Bittrex being a big exchange is being overloaded with new users these days.
In this case, new registrations have been shut down for a while during which Bittrex would be upgrading their systems to meet more number of registrations. Bittrex might close inactive accounts but they would notify the users before placing such actions. So chill out and wait for a while until the situation calms down.

This is just the precaution for more demand for crypto currency there may be not enough servers to handle the heavy load.The don't close old accounts if you are using them and keeping coins in it but they may close old accounts which are not in use to make space for the other users so you just keep you account active by doing small trades regularly.

And coins in exchange sites are not safe because they can close their exchange at any time so you don't have to store big amount of holdings in exchanges you need to store them in paper wallet or in hardware wallets.

That's why it is always recommended not to store too much money on exchange sites as well as online wallet. Old account getting closed most likely because the account has no activity anymore and has no balances, old accounts with some balance will be closed as well but I'm sure the exchange will give a notification/reminder to the account holder to withdraw or to do something so the accounts will not be closed.

Bittrex is a bigger place, what about the smaller ones. Why they are not allowing new people like me to make an account, Its frustrating.

Can someone suggest a new reliable exchange other than these .

I have same situation when i register new account in bittrex. But for me, that situation make for member to have enought resource to trading. Then I register in binance, and now binance has close for new registration to. I hope bittex will open the new registration again like before and update their server.

There are currently too many unconfirmed bittrex accounts so bittrex limits new account registration to focus advanced verification on old accounts.

Join KuCoin, it will be top 10 exchange in few months, currently sitting in 18th.

Lowest fees and adds new coins very frequently.

And unlike other exchanges you can ACTUALLY get hold of customer service rep.

Feel free to use the referral link in my signature.