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Title: justcoin closes Post by: armory on October 28, 2014, 05:32:38 PM justcoin closes forever
Title: Re: justcoin closes Post by: smoothaces on October 28, 2014, 05:36:41 PM From there e-mail to users:
Quote Dear Justcoin user, Deposits are closed. Trading will close tomorrow, October 29th. We urge all users to withdraw their funds as soon as possible. Final deadline for withdrawals is November 11th. You may find useful information on wallets at https://bitcoin.org/en/choose-your-wallet. Please allow up to 24 hours for your withdrawals to process. We will manually batch withdrawals of all currencies. Cancelling a requested withdrawal will put you in the back of the line. Justcoin is shutting down all operations. Our bank has notified us that it will no longer accept businesses dealing with digital currencies. The same goes for other Norwegian banks. Without a bank account we have no business and need to shut down. This event demonstrates the need for decentralized payment networks. If you need help or have problems with the withdrawal process please contact support@justcoin.com. We want to thank all our loyal customers for their support and wish you all the best. Thank you, Klaus & Andreas, founders. Title: Re: justcoin closes Post by: Neotox on October 28, 2014, 05:39:56 PM its bad to hear about this
hope they will allow all users to withdraw their fund and make it a fair shutdown btw whats happening to crypto exchanges MTgox -> cryptorush -> mintpal -> Justcoin Title: Re: justcoin closes Post by: exocytosis on October 28, 2014, 05:41:50 PM Not exactly unexpected. But nonetheless sad for us loyal Justcoin users.
This won't be a major blow to BTC price though, since it was a small exchange in the grand scheme of things. So, which exchange will be next? Anyone care to guess? Title: Re: justcoin closes Post by: malaimult on October 28, 2014, 05:55:19 PM Never heard of justcoin, how was their volume? I don't really get why people would use sketchy exchanges rather than the big known ones.
Title: Re: justcoin closes Post by: cma3 on October 28, 2014, 05:58:42 PM i dont know of anyone that was using it. nevertheless, this sucks for those that apparently were.
Title: Re: justcoin closes Post by: RappelzReborn on October 28, 2014, 06:28:33 PM Well that's sad , I may have not a big experience on digital currencies exchanges etc. but justcoin was a good website & I remember using it first time Stellar showed up to trade my stellar's to bitcoin :'(
Title: Re: justcoin closes Post by: pawel7777 on October 28, 2014, 08:37:13 PM I'm not familiar with justcoin. But the bank thing sounds bit like an excuse. If the business was doing well, why not moving to a bitcoin-friendly country, such as UK, or simply use a foreign bank?
Apparently "Justcoin also suffered a Ripple hack earlier this month after a Ripple feature was improperly implemented by the exchange" (source below). Wonder had this anything to do with their decision to shut down... Is there any other source to confirm the 'Norwegian banks ban cryptos' revelations? Some coverage here: https://www.cryptocoinsnews.com/norwegian-banks-say-bitcoin-businesses-justcoin-exchange-closes/ (https://www.cryptocoinsnews.com/norwegian-banks-say-bitcoin-businesses-justcoin-exchange-closes/) Title: Re: justcoin closes Post by: H.W.Z on October 29, 2014, 02:03:00 AM Ashamed to hear they have to close down due to the termination of cooperation by the bank.
Title: Re: justcoin closes Post by: BTCjust on October 29, 2014, 02:29:59 AM such a shame :(
Title: Re: justcoin closes Post by: grumpyoldtroll on October 29, 2014, 06:05:38 AM Who is the developer of this coin? Is it dooglus?
Title: Re: justcoin closes Post by: raveldoni on October 29, 2014, 06:15:27 AM Surprised to hear about justcoin. I was registered last month or so and used it for a stellar transaction. I guess it wouldn't make much impact as it wasn't so popular within bitcoin people, may be for some ripple or stellar users.
Title: Re: justcoin closes Post by: Nerazzura on October 29, 2014, 06:58:44 AM it happens because not give giveaway again stellar, and users justcoin mostly stellar hunter: D
Title: Re: justcoin closes Post by: bornil267645 on October 29, 2014, 08:40:12 AM Just another proof that bitcoin is the only coin which is going to last. Bitcoin rules.
Title: Re: justcoin closes Post by: pawel7777 on October 29, 2014, 01:45:22 PM Who is the developer of this coin? Is it dooglus? Just another proof that bitcoin is the only coin which is going to last. Bitcoin rules. Justcoin wasn't an altcoin, it was an exchange. It's a good custom to briefly read the posts in the thread before replying. Title: Re: justcoin closes Post by: mixan on October 30, 2014, 08:23:45 PM it was a really good place to buy/sell bitcoins for nordic people but open for anyone
Title: Re: justcoin closes Post by: pitham1 on October 31, 2014, 01:25:22 AM Quote Dear Justcoin user, Deposits are closed. Trading will close tomorrow, October 29th. We urge all users to withdraw their funds as soon as possible. Final deadline for withdrawals is November 11th. You may find useful information on wallets at https://bitcoin.org/en/choose-your-wallet. Please allow up to 24 hours for your withdrawals to process. We will manually batch withdrawals of all currencies. Cancelling a requested withdrawal will put you in the back of the line. Justcoin is shutting down all operations. Our bank has notified us that it will no longer accept businesses dealing with digital currencies. The same goes for other Norwegian banks. Without a bank account we have no business and need to shut down. This event demonstrates the need for decentralized payment networks. If you need help or have problems with the withdrawal process please contact support@justcoin.com. We want to thank all our loyal customers for their support and wish you all the best. Thank you, Klaus & Andreas, founders. What do they mean by final deadline? What happens after this? Title: Re: justcoin closes Post by: lobin on October 31, 2014, 01:33:44 AM never heard of it, hope everyone can withdraw it!
Title: Re: justcoin closes Post by: Ron~Popeil on October 31, 2014, 02:59:05 AM An orderly shut down is kind of a rare thing anymore. Kudos to them for handling it so openly and honestly. It is sad that this is usually the exception.
Title: Re: justcoin closes Post by: BayAreaCoins on October 31, 2014, 04:33:26 AM Who is the developer of this coin? Is it dooglus? If I recall correctly ...I think Doog just knew the dude who ran it because the dude who ran it used to run a BTC gaming place that had video poker or something. I have the Justcoin dude on my Skype for some reason. Must have been from JD chat. Title: Re: justcoin closes Post by: mkc on October 31, 2014, 04:45:51 AM I had good experience with them. They are not bad. Web site looks clean and professional.
Too bad, they are closing. Another reason they are closing maybe someone stole a large amount of ripple from them. Title: Re: justcoin closes Post by: Arbitrageur on October 31, 2014, 01:08:14 PM Quote Without a bank account we have no business and need to shut down. This event demonstrates the need for decentralized payment networks. fuck the banks! Title: Re: justcoin closes Post by: rb2 on November 07, 2014, 01:27:17 PM I'm trying to withdraw my funds but I cannot even log in... .The 2FA doesn't accept my code....
Contacted their support address but no response.... Anyone having contacts with them? Title: Re: justcoin closes Post by: AwesomeTRADER on November 07, 2014, 02:59:29 PM Though I withdrew all my currency long back, I used just ion only for trading stellar. Otherwise, I didn't bother using it
Title: Re: justcoin closes Post by: rb2 on November 10, 2014, 10:03:44 AM changed my password and could log in.
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