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4 months!
It was the 6th of June that Poloniex stole 1800 BTC them its customers.
This exchange still owes them more than 89% of that sum.
I will update this topic at least once a month to tell the world about it.
At least, the message is clear to all holders and investors, stay away from Poloniex.
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Check this one https://www.instantgold.ng/ It is one of the high trusted exchange listed from https://perfectmoney.is/business-partners.htmlThey can buy bitcoins to PayPal but you can't exchange PayPal to bitcoin. This is a Nigerian exchanger since 2013. They have a limitation of $500 per day for buying and unlimited for selling. The fees are around 5% for withdrawal. I don't know if they allowed other countries but you can try to ask them from their support email support@instantgold.ngThe fees are low so it's worth to try. What a bunch of crooks! 5% fee! The best are: https://e-scrooge.is/ENhttps://paytiz.com/https://www.exwallets.com/All have fees which are less than 2%... I haven't tried any of them, though, and I don't know anyone who did. If anyone has any experience with one of these exchanges, it would be much appreciated. The other solution of course, is to trade with another individual, but I won't ever do that. Too risky! Besides, I will postpone my plans. This is no time to sell BTC. |
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..to transfer from my BTC wallet to my Paypal account?
-Deposit your BTC to Exchange ( Coinbase*see supported countries / check terms / check KYC terms)-Withdraw from Coinbase to Bank Account (check terms / only to supported countries that allows fiat withdrawal) -Transfer from a bank account to Paypal link. I wouldn't have created this topic if this is what I wanted to do. I already have accounts at all big exchanges. My problem is that none supports Paypal, and that those which do, are smaller unproven ones. |
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If you want to cut out any third party fees and don't want to go through KYC, then use the currency exchange section. You shouldn't find a problem finding trusted members to trade with since you're the one using the irreversible payment method anyway.
This is precisely why I started this topic, I'm the one taking the risk, here... Yes, I've seen that page. https://e-scrooge.is/en/exchange-Bitcoin-to-PayPal-EURLooks very good, but I've never heard of that exchange, so I'd like to hear about it. |
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Yes, I still have a Paypal account. Haven't used it for a while, but I will need to in a few days.
I've never done it before, anyone can recommend an exchange to use, to transfer from my BTC wallet to my Paypal account?
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The term "Bitcoin developer" is funny.
Guess it would better to talk about a "blockchain developer" or a "cryptocurrency payment specialist".
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I'm not game to actually try to use their lending system, but I don't recall seeing the Lend link next to my CLAM balance since the "incident". My memory may have failed, though.
If they are indeed lending CLAM again it could be potentially risky, since CLAM has been in maintenance for around a month... no deposits or withdrawals. It's essentially a virtual token at the moment.
So Poloniex could be even worse that I thought! I sure don't want to test it, but if they have reinstated CLAM lending, they're mad. I wish I had discovered their madness before June... |
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It's funny because I created that topic 3 and a half years ago: https://bitcointalk.org/index.php?topic=1359031In February 2016, I tried unsuccessfully to pay my Hungarian dentist with BTC. It was possible to pay with cash, card or bank wire, forints or euros. Good to know it's possible, now. Besides, I was in Budapest this morning, I noticed the currency went up against the € since my last time there. |
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Last time I've paid income tax was in 1997, so it can be done... And no country wants to put me in jail.
Means you are not making money in millions that is why you didn't get attention. Silly comment. I'm not looking for attention but I'm not hiding. Never underestimate the taxman, he also looks for small fish. Understand my comment,when you are not getting any attention from the government for violating the laws means you are not making huge amount of money. Right> Can't you understand what I'm saying? I wrote it twice already. I repeat, nobody's looking for me, I'm not breaking any law. I'm fully legal. Haven't you heard of the Bahamas, Monaco, Dubai? There are several countries in the world without any income tax. There are also countries which do not tax foreign income. It is very possible and legal not to pay any income tax, and millions of people do. But i still pay property tax, VAT, tax on petrol, etc... You can't avoid those. |
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Poloniex sent me (and to all other victims) the following email: Dear Poloniex Customer,
We committed to fully reimburse all losses incurred on our platform due to a June 2019 margin incident.
We are pleased to share that today you have received your first trading fee reimbursement credit. This lump sum reimburses 100% of trading fees assessed from June 6th to September 5th. Moving forward, you will continue receiving daily trading fee credits until all losses have been reimbursed.
Additionally, starting as soon as possible, we will begin reimbursing 100% of all lending fees.
Thank you very much for your patience as we continue to work to resolve this incident. In addition to our commitment to making you whole, we remain dedicated to earning back your trust, which we know will take time and further investment.
Should you have any additional questions, please do not hesitate to reach our Support Team here.
Sincerely,
Team Poloniex
They haven't forgotten, neither do I! But their answer is quite insulting. I've received a credit of less than 0.00001... BTCThis is ridiculous when I've lost more than 1 BTC... |
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Unfortunately, these two resources are teeming with fake news, so I try not to read them
If I were you, I would not completely stay away from them , because sometimes, out of every news they carry which we could call rumor, there might be element of truth in it, and I would not want to believe that the only news they carry often more are negative news, I think that they also do carry some news that are real. even the poster of this article, I am also sure that he would have had some series of news that he has posted too without verifying it, No, I've never done that. You may check all my previous posts. |
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Last time I've paid income tax was in 1997, so it can be done... And no country wants to put me in jail.
Means you are not making money in millions that is why you didn't get attention. Silly comment. I'm not looking for attention but I'm not hiding. Never underestimate the taxman, he also looks for small fish. |
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Last time I've paid income tax was in 1997, so it can be done... And no country wants to put me in jail.
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Unfortunately, these two resources are teeming with fake news, so I try not to read them
If I were you, I would not completely stay away from them , because sometimes, out of every news they carry which we could call rumor, there might be element of truth in it, and I would not want to believe that the only news they carry often more are negative news, I think that they also do carry some news that are real. It takes too much time to find out what's real and what's fake... As I've said before, Cointelegraph is better, they published another article, so if you really have to, read just this one. |
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To get the latest news about the issue, check the "Poloniex Lending Theft" group on Telegram.
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Avoid Poloniex and Coinbase.
If you're in Europe, I recommend bitcoin.de or Kraken.
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I'm not American, but I know there's another way. You may legally avoid US tax, if you're a US citizen permanently living outside the US, and if you earn less than $100,000 per year. |
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i have seen your issues with Polo and i am not sure how that will end
#MeToo! If it ends badly for me, my only hope is that it will end badly for Poloniex too. At the very least, their reputation is now quite terrible among traders, and I'm very happy with that. |
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Even as a non-citizen, most countries withhold taxes on passive earnings form your financial instruments in that country.
There are some countries where you pay no tax on dividends or capital gains but for the most part, if you have substantial assets in stock markets around the world, you'll be paying taxes to the countries where those securities domicile.
If you a legal resident of a country, you are liable for property and income taxes, in addition to any value-added taxes on goods and services, duties, license fees etc.
Hey, I've been doing that for more than 20 years, so I know how it works. I'm not paying any income tax, but I'm paying my property taxes, last year I've even paid VAT on a car I had just imported to a country where I'm not living. It's stupid, but there's no way I could have it registered to my name otherwise... |
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) and 1,5% (minimum fee $10).
