Bitcoin Forum

 I created this post just to ask if there's someone who already use that site what i have mentioned above "p2pb2b" exchange.  Because previously i received a token called IOUX and it has a value worth of 65$. But unfortunately it was listed on that exchange wherein whatever i do just to sell it there is no results and it keeps floating in the pending section.    So any experience guys ? Or it's just a new exchange?

Your choice if you do risk up since its the only exchange where it gets listed but i would give you these threads and take a look on their current situation.
https://bitcointalk.org/index.php?topic=5163367.0
https://bitcointalk.org/index.php?topic=5166081.0
https://bitcointalk.org/index.php?topic=5166605.0
https://bitcointalk.org/index.php?topic=5160442.0

You judge!

To sell IOUX, there are only 2 exchanges, namely p2pb2b and Coinsbit and I have never used the two exchanges to trade. Many say that p2pb2b has a jellation reputation, which means a lot of fake volumes, the same thing Coinsbit is so wise in choosing from the right information.

I Haven't used the exchange though but probably this will make you think twice before you do business with them. Its nasty because they outperformed veteran exchanges in coinmarketcap by trading volume. Platform like coinmarketcap should a provide a mechanism to verify exchanges volume because often their data are misleading investors.  

According to CMC, IOUX is being only traded on p2pb2b and Coinsbit (which are both connected to the same people according to some scam accusations). You can try Coinsbit, and see if exchanging there works, but once again, these exchanges are not to be fully trusted. If you don't want to risk anything, then I suggest trying to trade on the Marketplace (Altcoins)  (https://bitcointalk.org/index.php?board=161.0)section with other individuals or maybe check IOUX's ann thread (If any) for other traders.

If it's not yet available on etherdelta or forkdelta, you can add it there by yourself. After doing so, invite anyone in the IOUX community to buy there instead of that p2pb2b or coinsbit

Edit:

Trading for IOUX is active at Forkdelta https://forkdelta.app/#!/trade/0x8ad6739649f1fbf079882c14d27862d5c2206660-ETH

and Etherdelta https://etherdelta.com/#0x8ad6739649f1fbf079882c14d27862d5c2206660-ETH

You have no choice but to deal with those 2 trading platforms (P2PB2B and Coinsbit) where it was officially listed.

I believed you already know the risks of dealing with any platforms so yeah make a decision by yourself.

But since you have mentioned a certain problem, it means your IOUX is already on P2PB2B. Can you give us a much clearer view of what is happening everytime you execute a sell order? Mind giving a screenshot? If there's enough order, it should be filled right away.

Is the deposit open yet? I know it's not open yet for deposit.
by the way even if it were open I would not deposit it with the IOU because many say it produces fake volumes and bots.

Lots of discussions already about this as  @carlfebz2.

If you can get that $65 worth then by all means do it and exit that exchanges. There's too much accusations that they are faking their volumes. They even got listed as the number 1 as per coinmarketcap. A new exchange without any proven track record yet so it's a bit surprising for most traders here, just saying.

you should be able to exchange with the amount of USD or BTC as soon as possible and after that you can get out of the exchange because I have read in this forum a lot of problems that occur at the exchange, so you better be careful and as much as possible do not too many assets store there.

The accusations of wash trading are valid, but still, people continue to use these platforms for whatever reason. It basically means that the wash trading these exchanges participate in is paying off big time, therefore will not stop.

The only way to curb down on this effectively is to have index sites block these exchanges, but that's not happening either because index sites are being paid significant sums of money by these exchanges to keep them listed.

It's a new exchange and the review I read about the exchange ain't cool at all,  in as much as your token is not much in  to require kyc when you wanna withdraw, I will advise you to just register, sell your token and forget about the exchange

Any small or unknown exchangers would really out perform those top tier exchangers that we've known from time to time because these exchangers can fake out their volume
but if you do tend to check it out you would really see the liquidity of such exchange which means those are just temporal ones.It will just go down and goes back to normal and thats why i dont really trust up CMC when it comes to numbers.Just like on what happened to BKEX in last days where it did even manage to go into the top ranks.

IOUx and BQTx both coins are listed on P2bpb2b and Coinsbit exchange. The fun part is, Coinsbit and P2Bpb2b exchanges look the same to the same except the color and dome design, otherwise, if you try both exchanges, you will realize it well. BQTx listed on Coinall exchange, which is pretty good. But there is no good option left to sell IOUx except the P2PB2B exchange. Therefore you need to do a hard KYC on that exchange. You may try to sell on DEX instead of P2PB2B.

there are many cases that occur in the new exchange, many traders are disappointed with the exchange, it's better you can be careful when trading in p2pb2b exchange, as much as possible you should be able to move quickly to make a withdrawal of the profits that you have gotten.

Selling IOUX at p2pb2b is very cheap volume is still not stable sell order 0.00015ETH - buy Order 0.000025 so I think it's better to hold IOUX first to wait for another exchange, to sell on the DEX exchange the same price is still too cheap, but I think it's up to the OP to sell or not.

if you feel IOUX is a good project you can hold the coin, but if IOUX doesn't have a good future, You must immediately sell it with all the risks, because there is no other choice but to trade on the P2PB2B and Coinsbit exchanges.

u still lucky btw ,
i also have a same trouble , but this came from the coinsbit io , i try to buying doge on that exchange , actually i just deposited erc 20 token i get from bounty , and try to Withdraw with dogecoin , since eth WD fee is so fucking huge.
but , my buy order going to pending , actually i just try to buy from people on sell order directly , but idk why my trade just going to buy order , its ridicilous right ?
buy order price is higher than sell order.

and , since jollyGood announce both P2pb2b and coinsbit is one relationship , no wonder u have a same trouble.
i just sugested to anyone, stay away from that exchange,sadly , i've do KYC program there  :'( just because a tiny bounty.

You can lessen the risk by depositing little amount of token for trial. If you cant widraw after you sell it then you can try other exchange that it is listed do the same thing and send only little amount. But if you confirm that you are able to widraw you can deposit it all.

Based on what I understand on OP's statement is he/she already deposited the IOUX tokens on P2PB2B but the exchange won't let him/her to put it on sell order and it seems that OP wants to sell the tokens, unfortunately it won't let him/her so it might be better to withdraw the tokens to a safe wallet instead of letting it stay on untrusted exchange.

That is what you get when you are having relationship with  exchanges that are faking volume and that is how your order will remain pending if you don’t find a way to get it out provide that is not the only exchange that the said project is even listed, if that is the only exchange where they are listed, they might have even purposely done that knowing fully well that the exchange will not have the volume to make people easily dump it and I usually don’t respect projects that will leave all these top and solid exchanges to go and register with all these shit exchange that will not announce their project and like I said, I don’t even trust that project because any serious project should be able to go for a more reputable exchange, that would show that they have reputation also.

I don't think regular trader does trade in P2BPB2B exchange, maybe only bounty hunter use this exchange to exchange their token and other volumes are fake! Even you can't withdraw anything without verifying the KYC! KYC rules also very strict! But as you have to sell those tokens, then yes you can go there to sell your bounty token if this project has no plan for a new exchange!

and for reminded , mostly project wich listed on P2BP2B is a high HYIP , and i dont think that project will have a long life.
probably listing fee's is cheap,or even free if u can make a cooperation with them, because i am quite sure both the dev and the investor know well about reputation of that exchange.

I am sorry about what happened to you, there are indeed many reports that say that p2pb2b exchanges have a track record
the bad one. Even p2pb2b exchanges are famous for fake volume. There are already many people who become victims because
of trading on exchanges p2pb2b, if indeed IOUX tokens are sold later, try to withdraw them immediately. It's okay to sell cheaply
and withdrawal fees are expensive as well. The most important thing is that we can save the assets we have in these exchanges,
and in the future become lesson never deal again with p2pb2b exchanges.

Lol, why you hating the name?  ;D

Anyways, I get your point here, many exchanges are faking their volumes, including this one p2pb2b.

Probably used by some traders and bounty hunters when their tokens are listed their and then dump it as soon as it was listed. So I agree with the sentiments here, don't trust that exchange, the funny thing is that they shoot up to the number one spot, very, very doubtful indeed.

this exchanges was not recommended at all, i have few dollar there and i want to withdraw it but they ask me to pass kyc.even reputable exhanges give limit 2btc a day for unverified account.p2pb2b just exchanges that used by many projects that want to exit scamm with listing token first.most of coins there was die and no more developtment again.

It's just ridiculous when real exchanges such as Coinbase hover somewhere around the 50-60 spot, but these utter scum exchanges get to stay listed on Coinmarketcap while it's so freaking obvious how fake their volumes are.

The thing is that people seem to have no clue about the red flags they should pay attention to, so they will keep using these exchanges because their bounty and airdrops are more important than any potential risks they are exposed to.