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Poll
Question: Do you trust Poloniex?
Yes - 67 (37.2%)
No - 53 (29.4%)
Somewhat - 50 (27.8%)
This poll sucks! - 10 (5.6%)
Total Voters: 180

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Author Topic: Do you trust Poloniex?  (Read 22020 times)
opossum
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June 02, 2015, 03:11:28 PM
 #41

I always used to get a problem with xcp saying it was in my wallet but it had not shown in my wallet on poloniex other than that small setback, I can say nothing but good things about them and their customer service. I mean there are a lot worse alt coin exchanges and less trustworthy.


 
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June 03, 2015, 12:47:55 AM
 #42

Poloniex, Bitifinex, and Bitstamp are the only exchanges I know of that completely paid out users funds in emergency cases(hacks). A lot of the other exchanges just packed up shop and left. So yes, poloniex is trusted.

"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime" - Satoshi Nakamoto, June 17, 2010
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June 03, 2015, 02:20:22 AM
 #43

Someone should turn this thread into a poll.
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June 03, 2015, 02:27:43 AM
 #44

I trust Poloniex and use it but I use Bittrex way more.
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June 03, 2015, 02:42:21 AM
 #45

I am thinking of signing up with Poloniex, for access to certain alt coins and the better volume on others.

Do they require any special verification, KYC stuff?

Thanks in advance!
H.
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June 03, 2015, 02:47:26 AM
 #46

I can tell you my own experience. Sometime last year some BTC got stolen from Polo. Busoni me back all the BTC I lost. I think he paid everyone back.

IIUC correctly it wasn't a "hack". Some one exploited a coding deficiency IIRC and withdrew more than they had.
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June 03, 2015, 02:54:25 AM
 #47

I trust Poloniex and use it but I use Bittrex way more.

Polo was my favorite exchange until the verification regime...
But it has survived primarily by going all-in on XMR... and a few other creative Asset listings (MAID, STORJ, NXT)...
And that Troll Box Pump Machine.

For most coins Bittrex has better liquidity...
But trading both exchanges is significantly more profitable because you have 2 spreads to capture.

Frankly, I don't expect these exchanges to survive once FinCEN turns the screws on Alts...
Doing about $100,000 to $300,000/day in volume sounds like a lot...
But that's only about $500/day in fees... add listing/trading... maybe $500,000/year in revenue.

If Cryptsy really has 40-50 employees they are probably losing money....
And you can work 24/7 and break-even only for so long... then you must pull the plug like a lot of defunct exchanges.
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June 03, 2015, 04:24:44 AM
 #48

Not with a 100 foot pole. I lost money there already, coins just vanished from my account and they refused to make good on their mistake.
FUCK POLONIEX.
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June 03, 2015, 08:58:53 AM
 #49

I trust Poloniex and use it but I use Bittrex way more.

Polo was my favorite exchange until the verification regime...
But it has survived primarily by going all-in on XMR... and a few other creative Asset listings (MAID, STORJ, NXT)...
And that Troll Box Pump Machine.

For most coins Bittrex has better liquidity...
But trading both exchanges is significantly more profitable because you have 2 spreads to capture.

Frankly, I don't expect these exchanges to survive once FinCEN turns the screws on Alts...
Doing about $100,000 to $300,000/day in volume sounds like a lot...
But that's only about $500/day in fees... add listing/trading... maybe $500,000/year in revenue.

If Cryptsy really has 40-50 employees they are probably losing money....
And you can work 24/7 and break-even only for so long... then you must pull the plug like a lot of defunct exchanges.
i was using polo for a couple of coins before the changes in the verification. after that i now completely use bittrex. it has a good volume and also has all the coins and opportunities that i want to take advantage of.

but both of them has the same daily liquidity, and in some cases polo has the bigger daily trade volume.

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June 03, 2015, 09:03:24 AM
 #50

I trust Poloniex and use it but I use Bittrex way more.

Polo was my favorite exchange until the verification regime...
But it has survived primarily by going all-in on XMR... and a few other creative Asset listings (MAID, STORJ, NXT)...
And that Troll Box Pump Machine.

For most coins Bittrex has better liquidity...
But trading both exchanges is significantly more profitable because you have 2 spreads to capture.

Frankly, I don't expect these exchanges to survive once FinCEN turns the screws on Alts...
Doing about $100,000 to $300,000/day in volume sounds like a lot...
But that's only about $500/day in fees... add listing/trading... maybe $500,000/year in revenue.

If Cryptsy really has 40-50 employees they are probably losing money....
And you can work 24/7 and break-even only for so long... then you must pull the plug like a lot of defunct exchanges.
i was using polo for a couple of coins before the changes in the verification. after that i now completely use bittrex. it has a good volume and also has all the coins and opportunities that i want to take advantage of.

but both of them has the same daily liquidity, and in some cases polo has the bigger daily trade volume.

you dont even trade u fag all you do is fuck make shitty posts everday cos your a low life loser
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June 03, 2015, 09:29:04 AM
 #51

Poloniex is one the most trustful exchange as far as i know. The qora wallet always have some problem in them exchange, it's almost a year. It's never changed. So don't worry about it.
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June 03, 2015, 03:45:44 PM
 #52

As far as I can trust an exchange to hold my funds, I trust poloniex enough to do most of my alt trades there. Never had any problem with them and surprised to hear you are. It will be sorted soon enough, has it been sorted for you? If so please update.
mrvegad
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June 03, 2015, 04:07:34 PM
 #53

As far as I can trust an exchange to hold my funds, I trust poloniex enough to do most of my alt trades there. Never had any problem with them and surprised to hear you are. It will be sorted soon enough, has it been sorted for you? If so please update.
I posted an updated here https://bitcointalk.org/index.php?topic=1077360.msg11508044#msg11508044

The short version is that once honeybadger got involved it was fixed in about 5 mins which after polo support told me for three days that they are working on it when in fact they weren't as the person who looks after the Qora wallet hasn't been around much due to personal reasons.
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103 days, 21 hours and 10 minutes.


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June 03, 2015, 04:14:10 PM
 #54

As far as I can trust an exchange to hold my funds, I trust poloniex enough to do most of my alt trades there. Never had any problem with them and surprised to hear you are. It will be sorted soon enough, has it been sorted for you? If so please update.
I posted an updated here https://bitcointalk.org/index.php?topic=1077360.msg11508044#msg11508044

The short version is that once honeybadger got involved it was fixed in about 5 mins which after polo support told me for three days that they are working on it when in fact they weren't as the person who looks after the Qora wallet hasn't been around much due to personal reasons.

hmmm fishy not sure why they had trouble to take that long not impressed with the change to a sub par standard service to you but saying that I have not had any issues, I did scan threw and missed that post.

Maybe edit the main post for blinds like me lol

At least you have it sorted now, am surprised with customer service response time to deal with something that was easily sorted.  

Thanks for the update.
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June 03, 2015, 04:23:29 PM
 #55

Do you trust Poloniex?

I trust Poloniex so much, that beside my email i even gave them  my Name Surname and country i live in.

Sounds like a great idea!!

(just untill that very moment when they claim to be hacked and all the coins is gone + the database with user information leak, and can be bought on the dark web for a few dollars)
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June 03, 2015, 04:27:33 PM
 #56

I voted for this poll sucks because no one should trust any exchange.
Are you still naive to trust one?
after mt.gox,
after cryptorush.in
after mintpal...
(list goes on).

If you need to buy/sell then use it; don't trust.


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mrvegad
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June 03, 2015, 04:35:02 PM
 #57

I voted for this poll sucks because no one should trust any exchange.
Are you still naive to trust one?
after mt.gox,
after cryptorush.in
after mintpal...
(list goes on).

If you need to buy/sell then use it; don't trust.
lol true and ty for your honesty Smiley
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June 03, 2015, 05:28:11 PM
 #58

I trust polo,for me is No1 exchange.

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June 03, 2015, 05:48:06 PM
 #59

I like and trust poloniex  Wink
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June 03, 2015, 06:20:29 PM
 #60

I like polo ...... but it doesn't mean automatically that I trust it. I do, however, trust it more than some other smaller exchanges such as ccex.

One problem I have in polo is that there are too many trade bots there. For example, in their LTC market, human usually can't put buy or sell order on the top.
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