Yes we already know about the below linked announcement from Bitfinex, in essence, giving a near in the future date to suspend all services to USA peeps.
In the past nearly two years, I have been using Bitfinex, and even expanding my altcoin exposure, due to some of the alts that had been traded on their platform, and maybe I had become too confident.
I bought a few alt coins on their platform, but I did not create any means to store the coins in other places, and usually my preference would be to have more than one liquidation mechanism, but maybe I got lazy with some of my Bitfinex holdings?
Anyhow, in the past couple of days, I had been engaged in some preparatory measures to be able to easily and quickly remove all of my assets from their platform, and pretty much converting all of my dollars into bitcoin, which is much easier when the price had been moving around in the past couple of days, and therefore, I can quickly accomplish such conversion without really messing up my BTC/dollar allocations.
Actually, a few hours ago, I pretty much finished up with my conversion of dollars into bitcoins, so my dollar and bitcoin holdings on the exchange had already fallen into place... maybe before the mad rush in the end that could happen to cause BTC/dollar prices to go up on bitfinex when it comes closer to their November 9 deadline. I would imagine that they have quite a few USA peeps using their services - since they had been pretty english oriented and USD/BTC pair oriented, from their inception.
Also, my Ethereum, litecoin and BCash holdings on their exchange should not suffer any real problems, either, because I have alternative locations that I can transfer those coins without having to rush my conversion on someone else's timeline (bitfinex kicking out USA peeps and causing some liquidations, perhaps?).
So, one of my problems, currently with my Bitfinex holdings relates to my Ethereum Classic holdings and my Monero holdings. I don't have any other wallet or exchange or location in which I can hold such coins. For the purpose of just managing those two coins, I am thinking about opening either a Poloniex account or a Kraken account.. In that regard, I am thinking that I have to have a means to liquidate them quickly and easily, if I so choose.. .
Having a quick and easy liquidation mechanism has always been important for me in any of my crypto, and surely over the years, my bitcoin options have increased so much that liquidation channel considerations has become nearly a non-issue.
Does anyone have a better suggestion with either ETC or Monero, or better exchanges? or perhaps some wallet that supports both ETC and Monero - however, no matter, even if I put these coins in a wallet, I am going to find at least one comfortable exchange that I am going to need to establish an account.
I have both the ledger nano s and the trezor and neither of those wallets support either ETC or Monero.
https://www.bitfinex.com/posts/227>>>>>>>>>>October 16, 2017
This message is further to our announcement of August 11, 2017, with respect to terminating our business with U.S. individual customers. As indicated in the announcement, we are terminating trading, deposits, and withdrawal functionality for U.S. individual customers by no later than November 9, 2017. U.S. customers are already barred from receiving financing from other users on Bitfinex’s peer-to-peer financing platform. This restriction will remain and, in addition, U.S. individual customers will no longer be able to provide financing on Bitfinex effective November 9, 2017.
All U.S. individual users must make arrangements to withdraw their Digital Tokens by November 9th.
U.S. individuals holding Recovery Right Tokens (RRTs), if any, which relate to the exchange of now-defunct BFX tokens to equity in iFinex Inc., may, starting on October 27, 2017, sell all of their RRTs on the exchange, if they so elect. This is an exception to the general terms of use for RRTs. U.S. individuals are not permitted to buy RRTs during this time period. All terms and conditions relating to the sale of any RRTs remain in full force and effect and are deemed to apply to the sale of any RRTs by U.S. individuals or otherwise. Any RRTs remaining in the hands of U.S. individual verified customers after the November 9th deadline may be sold through Bitfinex on an OTC basis through special arrangement with us.<<<<<<<<<