Bitcoin Forum

I have 1.8 btc in total from two different trading sites. Its stored there. On somedays the websites work and is fully operational. hustrade.com and waxcoins.com

Does it have to do with server?

I know I might be answerings this question for myself, but it never hurts to ask.

Where did you get the name of that exchange?
Sorry i am not that  familiar with those 2 exchange . Storing it in exchnage might cause something that  you dont expect to happen . Did you hear about mt.goax or cryptopia ? Both exchange has been hacked so its not safe to stored your bitcoin there Specially becuase you dont use that for trade abd just storing it.

I never heard about any of them
They are also not listed in https://coinmarketcap.com/currencies/bitcoin/markets/


I am going to be  honest. Your money is at risk.
I would withdrawal everything immediately from both exchanges.
Those websites are very small and not reliable.you should buy a hardware wallet like ledger nano or trezor and store your coins there. If you want to trade use binance', coinbase, bitstamp, or other known website.

Your funds are at high risk.

small exchanges such as these two shouldn't have any server problems since they don't really handle that much traffic anyways and nowadays there isn't any kind of major pumps going on to lead to any extra traffic either.
the only possiblity is if they were under DDoS attack but that only lasts a short time like a day. if the problem persists then it may be time to stop using them specially since they are already too small and unknown to begin with.

OP...
As you can see, most users here are not familiar with the exchange that you are using, are you sure that it is safe and have you tried to pull out your balance to see if your funds are still safe?
If you do trading then you should do it on a popular exchange such as binance or yobit. Storing funds in an exchange is not safe, especially on an exchange that is not really popular as you have discussed.

What do you mean on somedays? Do you mean it is not reachable sometimes? If this is true, it is a clear sign that something is not right with these exchanges.

I tried googling hustrade but it is not searchable. Not a good sign for me.

Just like what others above me said, you better secure your funds as soon as possible. Transfer them to a safe address that you have control of the private keys.

I think he means that there are times that the exchange is down, and sometimes it is working.

The exchange he stated in not that known to everyone which is alerting I think. He should pull out his funds right away and transfer it to a better exchange.

Securing his funds will be the priority as for now, it might give him a problem sooner or later if he did not take action immediately.

Where do you have those funds? is that your deposit? I went to the website of those two and waxcoin.com was no longer open, Another went straight to sharptrade.com and not to hushtrade.com. If the 1.8 BTC you deposit in those two exchanges you should withdraw it now because I don't trust those websites. And why is it that you choose to invest a lot of bitcoin? There is a binance and another reputable exchange that will protect your bitcoin.

Maybe some update on there service since there are maybe new and still under development. I agree with you that they must have too much maintenance considering that they are not over crowded. Unless OP provide screenshot of his balance on that exchange, I will believe that he made this thread to advertise that both exchange.

I just found out and immediately review but it turns out that both the web cannot be accessed ,full of suspicion for sure because it is impossible they can not be accessed simultaneously ,I search from the Google search engine about the web turned out to be a scam

sites go down for maintenance or update and stay down until it is finished. and they don't do it regularly because of the security reasons and the fact that they would lose business every day they are offline.
but same with DDoS, if the problem persists and is being repeated every now and then, it means you shouldn't be using the service at all.

In my suggestions, the OP should have a ledger nano or a trezor. This hardware wallet will make his investment even more secured as the funds will cannot be interfere when it is not plugged in. Plus, 1.8BTC is quite huge now, if you need to diversify your investment, you can use these kind of wallets to better secure your cryptos as the main advantage you have here is that you own the private key of the wallet, at the same time, the private key is not visible so malwares and viruses will not have the ability to hack your funds.

The main question is how did you get to these exchanges or are you trying to indirectly promote them on this forum cus I have never heard of such before. If these sites are not always up and running, then something is really not well at the backend. I would advise you to get a more reputable exchanges like binance. Or better still move your BTC to a private wallet.

The question is why do you trust your significant amount of bitcoin in those two exchanges? Or do you have another intention to convey to us? Even a novice in crypto and elsewhere will not be able to trust his big money in an exchange with no trust in people and no recognition in crypto.

Why did you do it 1.8 BTC saves a lot of money on unknown sites I don't know why you do this.
If the website is functioning but still fully operational then the bandwidth is up, it means that the exchange does not have a maximum reserve, you have to do it in a stock market that is already popular, not where you say it.

The name of the exchange was very foreign and I never even heard of it. It is very risky to lose a lot of money if you keep all your bitcoins in exchange. We recommend using a safer hardware wallet like Trezor.

if you can make a withdrawal from the two exchange places you mentioned then I suggest you withdraw all balances and move them to a place of exchange that has high security and has a good reputation for trading and growing assets that you have as much as you can, more good trading in a safe place rather than trading in a place that has a high risk.

Personally, I've never heard those exchanges before. It's very dangerous to store your funds on exchanges especially if they aren't well-known. Supposedly, the purpose of exchanges is not to store any asset because it is the job of the crypto wallets that is why they are existing besides, exchanges are the platforms where we used to trade with different assets or coins. The risk of placing your funds in any exchanges will be vulnerable to hackers, according to coinlance, way back 2018 there are few exchanges whether it's small or big had been stolen their funds and recently the New Zealand exchange, "Cryptopia" had also been hacked.

How about you do some quick routine yourself and get to know the crust of the problem yourself:

1. Firstly, If they have a community like other exchanges like Binance, has other users reported
2. Secondly, have you written to their support and what was their reply?
3. Finally, dude...get your money out of that exchange after each day's trade. It only take some few dollars (less than $3) to send it over there again to trade so why go through this headache of having to think all day about the safety of your funds when you could have kept it safely on your wallet.

I never heard these exchanges before, you better take those BTCs and transfer it to a hardware wallet or else you might not like what would happen to your bitcoin if there are any unexpected that's going to happen to those exchanges. Take the mistakes of the others as a lesson for you today before it's too late.

I'm not a trader but based on the previous post from other users, they are not familiar with the exchange that you mentioned which is likely possible that your Bitcoin is at risk and it seems that you did not get any notification from them regarding the down time of their site which is very unprofessional thing to do as an exchange. I recommend you to withdraw all your funds if ever you have access again, good luck!

Something I always find amazing is how newbies find those obscure exchanges and wallets no one has ever heard about, one of the easiest things you could do is to look on Google for the most popular cryptocurrency exchanges or something similar and you will obtain the websites of the most renowned exchanges in the industry, I really hope you can withdraw your coins without too much trouble and if you do then next time take the time to do your due diligence.

I dont know if you do just simply make some side advertisement here on these two unknown exchangers or not.  ;D

If it doesnt work for sometimes then its already a valid indication that you should pull out your funds asap if you dont like for those funds
to be lost forever.It isnt even ideal on storing those coins on Binance which is the current top tier exchange as of now. Way too risky
on letting those funds sit into those exchangers you had mentioned.

I, like many here, for the first time I hear about such exchanges. Why are you even trading on such unsafe small markets?
You are new to the forum, that's good. Use the search, in particular on the branch of traders, there you will find all the answers to your questions.
Which exchanges are worth using, and which ones are best not to go. To be honest, I don’t understand how a person with 1.8 btc may not have experience with large exchanges.

no one is familiar with the trading site you mentioned here. I think you have to be careful. if it is an airdrop of the exchange, it is not possible (cannot be taken). if you deposit in that market, that's a big mistake. because you are not looking for information about the exchange first. whether they are scams or lost together, it can be assumed that they are made by the same person / team. so be careful when making deposits on trades. make sure it's listed in the top 10-15 markets.

If I were you, I would not choose both sites you mentioned because I don't know the site reputable. I prefer to select binance, bittrex, or even poloniex to trade because those three exchanges have a good reputation among the traders. Although bittrex and poloniex need the member to verify their account, that is worth for the member because they can increase the limit of withdrawing. But if you don't want to verify your account, then binance will be the only option to trade.

And regards of your 1.8 btc, I will withdraw all of the money to another private wallet and send some amount, for example, 0.8 bitcoin to binance so I can trade many coins in that exchange. I am sure with only 0.8 bitcoin, I can get the profit, and I also have a chance to increase the amount of the bitcoin so I will have more bitcoin by doing trading.

With that amount of money, i will not store it in exchanges. Maybe create wallet at least online wallet if you don't have hardware wallet. Or maybe bigger exchange and make sure your account is safe like put 2fa and any security if needed. Create wallet, although it is online, at least you own your money and not held by  the site, like the site have full control with your money. (CMIIW)

Storing your btc in an exchange is not advisable especially when the exchange is not so reputable.
TBH, this is the first time I heard the name of the exchange, it seems like that exchange is not popular so its possible that you btc is at high risk there.

I don't know if this is just clickbait or not. I highly think it's just a bait for people to register there and probably scam them or something.

Upon checking the site http://waxcoins.com/ here's my observation

• Not Secured Website (SSL, etc)
• There's a "Deposit fee" of 1%
  • It's indicated in their terms under DEPOSIT, WITHDRAW OR LOST VIRTUAL CURRENCY
  • I doubt that it's a typo, it's indicated in the F.A.Q. that they have 10% of the commission in withdrawals
  • There are a couple of mistakes there too
• There's a minimum deposit of $70

Never trust that site. As for the other one, I can't seem to open it.

I do think that it's like those Scam Messages that are being sent in Telegram or Discord that you register there and "Try" to withdraw something.

I’ve once been a victim of scam in a certain exchange because of not good in terms of its security and not reputable exchange. I haven't heard these both exchange mentioned above and the fact you store a big amount of btc is very risky. Most suggesting here is never trust easily by storing your btc so better we should choose most top exchange and reputable one.

I also have not heard about the mentioned exchanges so far and if the site is not functioning according to expectations, then the best is to leave it. Indeed, it is a server error but this shows how much they really are serious about investors. No backup plans, nothing. Binance had security issues which no system of the world can really avoid. Other than that, Binance is a good choice but still wallets are better.

It seems you are actually advertising for these two exchanges! ::)

No one heard of this exchange so why we need to worry if they shut down their sites? If you really hold any bitcoins visit the exchange,if you were unable to access then you lost your funds.Lesson learned.

Not totally to think bad about these two exchanges but something I'd feel not really secured if your funds still there, better to withdraw it now or have regrets later.
For some reasons that I'd never see safety on there
* new exchanges ( most of them are scamming)
* don't have market reviews ( as I've looked it by now)

If you would like to invest and trade cryptos better to use reputable ones for you can see safety assurance out there.

I will advise you to take your BTC out of that exchanges and put it in a wallet wherein you have total control of the private keys. We don't know if you are promoting this site here, but obviously majority said that they never of this exchanges so there's a big risk that they could pull a exit resulting in your bitcoin being lost.

anyways, I hope this is not, Don't get tricked by hidden spam on this forum (https://bitcointalk.org/index.php?topic=5190848.0).

Dunno if you made an error in your post, but Waxcoins.com doesn't even seem to be an exchange at the moment- it's a jackpot-style gambling site at the time I'm visiting it (Nov 11 2019), and I don't think the site's ever supported trading.

As for Hustrade, seems like the site's a scam. The only thing I can find searching the term is an old Reddit post with no information leading to another now-deleted Reddit post about the site, and it's pretty suspicious that a trading site's been down for so long without any sort of update too. Try taking your coins out of the site if it comes back.

In the first place you must use the platform exchange which has a good reputation in the market just like Binance, Huobi, and more, especially depositing a huge amount in unknown exchange that is very risky actually. Did you check it mate at the coinmarketcap if these platform are listed to top exchange anyway.

You hold big amount of bitcoin on unfamiliar exchange, mate you are risking big money on that and my advice if you can still withdraw your money please do it now and transfer it into good exchange before you experience big problem on that exchange. Btw I don't get what you are asking for? If the server of that exchange is having a problem then its very alarming or if that exchange works well until now, follow the advice of many users here always go for a trusted exchange.

Generally, yes. But technically, it shouldn't behave like that regularly providing it's a crypto trading site where having good servers is highly necessary. Unless some sort of direct attack is currently on progress, it should affect the site performance as a whole.

Now for the site you have mention, it looks like they aren't trading sites nor can we consider as a "safe" place to put our money. I don't know how you ended up on the site as it's not common for a person owning an around BTC1.8 or more to just put it anywhere without caution unless you have another purpose of creating this thread.

I hope you are not trolling those sites here because I doubt someone will fall on those.

I don't know what exchange you are talking about is it a new one or other exchanges that you can trade not only a crypto?
If they have a server downtime you should know it and see it what was the reason or you'd probably not informed about some downtimes. I suggest you should ask their support email them to know what qas the problem.

What a bunch of horrible policies, a deposit fee of 1% and a commission of 10% by withdrawing your money, that means that before you have made any trade you are losing 11% of your money, I don't care how good you are as a trader that is a huge handicap that no newbie or average trader can overcome, and even if I think that a very good trader could do it why he should try it? He could deposit his money in a more reputable exchange which charges less fees.

Never heard of those two exchanges. You stored your coins over there? Don't! That is one of the biggest mistake you are making. No matter if it was some well known famous exchange, never store your coins over there. There is no guarantee that your coins will be safe! Move it somewhere safe before its too late. You still have time.
One of the reason why I tell people to not store coins in an exchange is because of those downtime. You might not get access to your coins when you need it most. Also read about all those exchanges getting hacked!

Im seeing that this one is like an advertisement just like what other users post earlier.Majority doesn't know the names of these exchange
and then suddenly a newbie pops out giving out some names which isn't known yet and asking he stored up almost 2 btc without any hesitation?
For a human being that have common sense will surely pick up on what other do recommend.

But before you consider on supporting the exchanges first, you must have to look first if it is a reputable one that we could trust when trading and also leaving your funds to an unknown exchange is a very bad idea. Knowing that they might eventually gone for good with your funds. Having that Bitcoin is a lot already since the price is quite high.

You got alot from there. I am not familiar with these websites. I am just wondering how come was it operational on somedays? Have you ever tried on transferring your money in different platforms? Or once you tried transferring it, the website starts to crashed. It seems suspicious on their end mate. Though there is a possibility that these websites are scams, a possibility only. This is sometimes the problems that usually occur in some unknown websites like these two.

Somehow those new traders and noob traders need more some time and experience to manage their self's to become experts in trading because was a time they can't always get profitable in trading because the situation of the market.

You mean there are times when their server is down?

Get out already! Do yourself a favor to avoid any risked of being scammed or worse they will just find a new reason for you funds to be frozen.
There are a lot of more trustworthy exchange out there. Why not switch to them?
And dont leave everything in one basket.

Yeah placing too much btc to a low volume exchangebis very risky, if we want to trade a coin that just available on those small exchange it's okay but don't send too much amount of btc on those exchange because it's not credible enough. We better store our btc into a btc wallet or atleast famous exchanges with big reputation.

Never heard one of them even once before. You're trusting your assets which is quite big in some kind of fishy exchange? Why don't you use a more trusted exchanges out there? Why risked yourself with those unfamiliar exchanges. Well, when you asked about things with the server, could you make it more clearly? I don't follow actually. If you mean that the server is down or you cannot withdraw your asset it might be due to server but as everyone says thay it's a very weird exchanges you are using.

The website might be operating and fully functional now, but you have to be very careful about storing your coins on those exchanges, I understand that you are trading with the money and sometimes could require that you have your money in the trading platform, but the one I am against is saving the money you are not using for trading on the exchange wallet because it is very risky as they could get hacked by some of these heartless hackers.

It would be better that you make use of an external wallet in saving your money which hardware wallet would still be the best option. I don’t know how reliable this exchange is because I don’t know them, but notwithstanding, don't save money on them, if binance can be hacked, there is no exchange that cannot be hacked.

These are two exchanges with pretty less volume around the world. Unless they are the most popular exchange in your country or maybe provide you with fiat withdrawals, they shouldn't be used for handling such large sums of btc. Choose any exchanges among top 10 exchanges based on volume. Atleast they provide good amount of volume and are safe too. Try Binance you can withdraw upto 2 BTC a day without KYC and it's pretty popular and safe too.

So, I looked into what you're talking about. I also can't get on hustrades.com, and my browser says that it's because of a server issue. I could get on waxcoins.com though. Either way, if you're having problems I'd move your crypto to a reputable wallet - rather be safe than sorry.

I have never stored my coins in an exchange however when I was relatively new in this market I used an online wallet and this was quite common, it was difficult to access to my coins due to server issues and at some point I had enough and I decided to install a wallet in my computer and sent my coins there, but this is an even bigger issue, no one knows those exchanges and there is a high likelihood that anyone that deposits his coins there will have problems getting them out.

Yeah! That is right.
Keeping bitcoin or even altcoins on exchange are really risky. You should find a wallet compatible to the cryptocurrency you will store. Imtoken and MEW OR ELETRUM. We can install any kinds of wallet depending on our taste. But we should avoid holding them on exchange. Specially those exchange that is zero trusted and red flag.

don't you feel you don't risk putting 1.8btc on an exchange that is not known to many people like you mentioned above. I'm just trying, you must have a hardware wallet to keep your 1.8 btc in a safe position. because anything can happen and the risk to your 1.8 btc is huge

That's really a huge amount of money for me, imagine if you hold it and will just cash out/withdraw it in a decade or more, imagine how much can it become, so we should be very careful with it, and I am happy that the OP did a good job in asking here as there were lots of experts here who can make advice to him, and of course safety your fund first.

A lot of people i see have said that too, even in big exchanges sometime it is still risky because we don't have control with our money in there. What will happen if we save that big amount of money and then the site get hacked or suddenly closed without let their users withdraw their money. At least maybe online wallet or maybe if afford to use hardware wallet, will be good to save bitcoin.

Its been mainly suggested for thousand of times that never store your coins on an exchange. No keys then your coins isnt fully your possesion but we cant really blame others on storing most of the time on exchange wallet because its quite hassle on withdrawing every now and then plus on the fees. Also if you do have ready funds on an exchange you can easily buy coins if there were opportunities. Its do really have some pros too but its our choice if we can handle such risk.

I think if we place it on big volume exchange like binance it's quite safe to store 1.8 btc , because there are a lot of people there hold more that 1.8 btc so the hackers will target to other people if they really want to hacks.
But hardware wallet is never a wrong decission, it's more safe and if we don't want to trade the bitcoin we better to save it in hardware wallet

I can deduce from your post about the servers of those exchanges not functional at times well this is a warning signal that their server might go off completely someday thus your hard earned bitcoin would have gone with it, as a trader withdraw your bitcoin to a reputable and trustworthy exchange based on your research in this forum at least your bitcoin would be safer although its not advisable to store your coins in an exchange

And for addition, maybe Binance for now will more secure their site since last attack. And, maybe if save coin in Binance and get attack they can make sure user's money is safe like in past. But who knows, and it is all people's choice. At least, in exchanges, online wallet or maybe hardware wallet, make sure really secure our account with 2fa, or anything else that the site provide.

Seems like you put a high conviction to those sites, does the owner is your friend? or you just promoting those sites in order to the people here get interest to those sites?

1.8 BTC is large amount to me and if I were you I'll keep them secretly, such store them on the cold wallet like trezor or ledger nano (which has suggested before)

I hope you are aware against the risk that will be faced. Indeed, crypto industry is highly based on credence but it isn't mean you are free to choose the place to store your money.

There are some thread on scam accusation board who discussed about an exchange you can find them as more info.

Hackers do not really work like that, they can either hack the exchange or hack their users, if they hack the exchange then they will take the coins of anyone they can so your coins will not necessarily be safe at all even if the amount you are holding is not high, but if a hacker is trying to hack a user most likely they have no way to know how much money you are holding until they get access to your account so do not think that just because you are not holding a lot of money a hacker will not target you.

Do you mean the website on somedays are down or offline? What kind of platform is it, i haven't heard it before and now i am thinking that you have sent your bitcoins in much riskier way. You should ask first what exchange can be used to trust before putting your money on it.
Server is the one who's making an uptime and down time of the platform or website.

Its only new for me that two exchange site you mention I did not heard about those site, its only a popular exchange only Ill use if Im going to trade.
I cannot say if that two exchange site is good for us to trade in there or our coins we have are safe if we deposit and do some trade.

But if you think that site is safe so good for you and continue to trade and buy some trusted altcoins if you want to earn more in trading.

I haven't heard all about those platforms in my whole life in trading, but if you think they are still functional not better to hold your coins, but if you think the system always down and has a fatal error. It is better to withdraw or transfer your money online or into the other wallet than regretting when they won't get your money. I already experience that before I try to hold on the website all of my earnings and then they had maintenance and never opened again, I regret my decision for holding.

Well, it will depend on our own perceptions but on the other hand we need an assurance to be safe enough. If that two trading site is very popular for sure its is definitely a legit but for me is not as popular maybe it's just new in the world of crypto currency community. As being experience as a trader we must aware the trading site that we encounter and able to do such trading process.

Those exchangers are strange to me too. I think it is not safe to store such much coins in exchanger because of hackers or scam exchanger.
You should have your own wallet and use trusted exchanger.

Not only strange but i havent even hear of those exchangers which its pretty risky if you do just
carelessly put up some amounts on it without even knowing its realibility. Even on good exchangers its not even
recommended to store up your coins for too long yet we know that exchangers can be hack and in result
we would lost up your precious coins.

Today the price of the bitcoin is good for investment because, according to the graph, it looks like growing up for the coming months. When you are holding a large amount of money on your different unstable wallets or website, I think it is not safe because anytime they will close soon and your earnings may not payed or cannot withdraw anymore. I will prefer to transfer to the most reliable wallet all of my funds to avoiding loss of income because of an unstable server of a website.

In my opinion, he should stick with the already existing exchanges that have been with us for years now. For availing the best features, coinbase, Binance and few others do the job well so what is the point in choosing new ones. If there is something unique about these exchanges, then he should share it with others too. Exchanges that own their customers and provide ways to compensate during compromise must be first choice.

For my whole career in using cryptocurrency and a lot of trading, I still didn't know that website, and it was legit. But base on my research about the sites and their review from the different websites to avoid this kind of issue, it's better to withdraw your money before regretting those websites are going bankrupt. If you think that the site today are volatile like before, one of my offer to you is to transfer the balance immediately. There is a lot of websites that cannot handle their users' payouts, and because of that, they cannot pay and tells bankruptcy. You can use that money or assets to invest, and by these, just your knowledge in trading and transaction is needed to make more profit and money.

Well if we dont know yet on the exchange and it was new also for us we need do something and ask for the others if have someone know about exchange that we try to deposit and trade. But must better to focus on the exchange that have more experience and safest exchange like binance or kucoin.

Actually its not bad to experience some new exchange site, And we need to think first before we make some move.

Testing a new exchange is not that bad, after all you could discover a very good exchange that is just beginning its operations, the problem is that he seems to have deposited 1.8 bitcoins in those two platforms and that is simply too much money to try to test the features of an exchange, so it is really important that the OP gets his money out of those exchanges as quickly as possible and that he deposits his coins in his own wallet and that he only moves his coins to a reputable exchange when he has plans to make a trade.

First I am not very familiar about the exchange and secondly, I'm not sure a newbie has a lot of bitcoin in his address. Well, maybe you are someone who is pro in terms of trading out there and new in the crypto market, but when that happens then at least you have a lot of experience that should have known whether the site has a problem on the server or not because I think the problem is just Common problems that occur on every platform.

We need someone to do it first or we need try if the exchange mention of OP was true or not or ask someone experience on that exchange. If the exchange new for us must better to doing something or think it first before we make some move. Actually their are lots of new exchange sites are not trusted or if we deposit some high amount maybe we are going regret on why we enter that kind of exchange.

There were really a lot of exchange out there, we mush be very careful and don't trust easily although the tokens you would like to sell is only listed there, as much as possible don't do KYC if they will not require it, but if you need to sell and they will require KYC then you will have no choice just check out their credibility so that you will be aware of what's your next step.

Well if the exchange new for me Im not that kind of person to doing something like just to trade quickly or deposit that did not read some information about them. And yes doing some KYC also must be important but we need to careful also cause of this some exchange site making KYC but in the end was trying to get some our information we have. And I know we are not a fool for such kind of bait like that, We have mind to think first or asking some person that know some fake exchange site.

You said it already.

It ain't a question anymore. Learn from our mistakes. Read more in this forum and you will see that it happened over and over again to different users.
As much as possible do not store anything in an exchange. Go get a hard wallet. That kind of large number should not be staying there.
You just trade what you can risk. Is 1.8 BTC that low for you to be risked in such unknown exchanges?

That's true and must do for all of users and bounty participants. a lot of exchanged there came up without any true intention to all of there users. if you participated in a bounty campaign and has not a good exchange to be listed then don't participate dont risk all your information. I will suggest that to know more about the exchange and the project to enter.

I have never heard of these 2 exchanges. are you given bitcoin there and they ask you to sign up and then deposit it there as a transaction fee?
If it is so then you never follow its words. This is a trick that has been around for a long time and many people have lost a lot of money by trusting such lucky messages. Remember, money is never easy to make. If you encounter these types of invitations, you should share them with everyone and warn everyone before this trick.

New exchanges, if not fraud, will definitely give some attractive offers in the beginning to make investors become their customer but once it would start being used by many people, those offers will vanish and users will end up having same experience as any old exchange is giving. OP just needs to be more careful the amount that he is using to test exchange. Otherwise, there is no problem with his actions.

Another step that the OP did not perform was to do his own due diligence, I know that we would all like to believe that most people out there are honest and actually mean what they say, but we know better, this market is full of scammers that are doing everything that they can to get our money and we should not make it easier for them and if that means missing the opportunity to trade in a new exchange with great offers then so be it, wait until that exchange has built a good reputation for years before putting your money in there.

I believe we need to focus on learning IF we wish to go far in Trading. If we try to take short cuts or try to find overnight schemes, it will lead to failures. I am working with FreshForex, and I will simply suggest their Educational Setup (https://freshforex.com/training/interactive/), it should really help people.

Is that local or new exchanges never know about it. Save your asset exchanges is very risky keep use bank to do that. Meaning after transactions please switch into currency this step is for safety and recover asset value. Take all your asset and replace into exchanges we already know, such as Binance, Kucoin or Poloniex so we can give objective opinion.

If you have not done so already then get your coins out of those exchanges, no one knows them, you could have as well lost those coins since it is not rare for unknown exchanges to disappear with the funds of their clients, the next time that you decide to put your coins in an exchange make sure that it is one that is widely respected by the community and that has many positive reviews since it is critical the exchange is worthy of your trust since at that time they are the ones holding your coins.

BUt OP never gives an update in the thread which we can't think that he was able to withdraw his funds out there.

Though these two exchangers are new, we can't just judge that they are all fraud and scam sites. I know we are aware of this scheme but we need to find out also if they have good market reviews and see how they run their exchanges. Then, such a time to have our conclusion and disregard them if they looked fraud and scamming.

I mean if you are sure with your assets in those exchanges, so why not? But have you ever a mind on your slightest time that you are using unknown exchanges to store your money? I would rather just move it to more "reputable" exchanges such as Bittrex or Binance or JUST move it to your local wallet instead.

Depends from how you fully support such exchange but always remember the big risk that can possibly triggered if the wallet you use is not that secured. Unless you have the direct communications with the owners or you are part of the team who's operating the business.

Be wise and think about securities and potentials, it's better to keep all your assets inside your local wallet and keep it safe.

Most of the wallets are not secure, look at cryptopia and other exchanges whom got hacked its wallets and lost thousand of dollars because of these retarded users. It doesn't matter, the risks are still beside everyone when you do something.

Regardless of that, they don't care with users most often.

Security and safety is always important, so don't compromise it to the exchange where you are trading at, as much as possible you should withdraw the funds you don't need much always, or if you are not going to trade for a week, then withdraw it too, don't rely on the security of the exchange as everything is possible about it.

Do you really think OP is storing his bitcoin on two very unpopular exchanges?

It is unbelievable, people with no knowledge about exchange is storing that much money on exchange with a very low popularity. Like, ow could he trust that exchange easily? that makes no sense.

Yes, he said it on his post.

No but unfortunately this is the reality, some people will just store their bitcoin impulsively onto exchange sites which isn't credible and just heard it over and exchange sites that OP mentioned seems came out of a sudden. Anyway, 1.8btc is something to look forward to so I hope OP already withdrew his bitcoin.

It is impossible for me. Imagine yourself, you are a new in this world, you don't know where to store your money, would you buy Bitcoin somewhere with 15K USD and store it on two different unpopular exchanges (at same time) that you have no idea about? I would call it stupid, unless you are part of their marketing who acts like a stupid. And yes, for me, storing that amount of money on exchanges you don't know about (and you don't make any effort to find information about it before storing your BTC) is stupid and I just can't believe he is that stupid so I can't believe this is a true story.

Do not use new and unknown exchanges. there are so many negative stories about them in the history of cryptocurrency space. Many people couldn't withdraw their coins and many of them gone forever. About your case, this is the first time I am hearing about them, and both of them are down for now. Don't forget, decentralized currency does not work well with centralized systems. It removes all the security and freedom that Bitcoin was intended to provide. Always use popular and authentic centralized exchanges such as binance, yobit and coinbase, or use decentralized ones such as Bisq.

I believe that it is still necessary to use unfamiliar and new cryptocurrency exchanges if the user receives tokens from airdrop and bounty companies.  But if we talk about daily trading or trading for a longer period with some of the rating cryptocurrencies, then it is definitely better to opt for authoritative resources, the rating of which can be checked at the coinmarketcap.

I dont want to disappoint you because me myself dont know that exchange or trading site either . Did you invest? Or did you put that amount in that trading site? Or you just earn it there? There are days that website is down? I think you should pull out all your money there and transfer it to a larger exchange, you may view it in coinmarketcap if the market you are saying is listed there.

Meehn, seriously, how do you guys even come up with all these dumb websites? :o :o Times without number it’s being said that as a newbie you should start with sites like Coinbase. Coinbase is a friendly site and everyone knows about their exchange because they have been around for a long time and one of the most secured cryptocurrency exchanges we have.

I don’t even know how you came up with these two waxcoins and hustrade, did you even do a research before buying bitcoins and storing on these sites? Because from what I have seen, Waxcoins exchange is a big scam and they have a very bad rating on TrustPilot. Hustrade is also a scam, I will advise you to look for a way to withdraw your money or you will end up being sorry for yourself. Your choice though.

for me that is a way of adevertising that exchange. Since its not popular there is a potential risk can happen. Since OP only say he has balance on that exchange and not even give screenshot of trades and holdings . Wr should not easily believe in what he says .

People have the right to do whatever they want with their coins, after all those are their coins and if they want to store them in a pair of exchanges with no reputation then they can do that, but in my case even if there is no evidence that those exchanges are frauds I'm not going to store my coins there because I know that once my coins are in a wallet I do not control I am completely dependent on the good will of the exchange to give me back my coins and I'm not going to give that power over me to a new exchange.