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Author Topic: Poloniex - creating their own markets by freezing wallets?  (Read 429 times)
cryptohunter (OP)
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September 12, 2017, 05:33:44 PM
 #1

Is poloniex now copying yobit... they have been doing this for years.

Look at vanilla coin

It's double the price on bittrex??

Same for lots of coins frozen in wallets on polo.

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September 12, 2017, 06:05:09 PM
 #2

Yeah I think Polo is going to GOX, very shady. Wallets close for 1 year and only one other exchange, so no arb can be done and prices are phony in walled garden.

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September 12, 2017, 06:48:54 PM
 #3

They don't have support. At all.
There are too many feedbacks that concern withdrawal and deposit issues. People waiting answers for more than 2-3 months and there is nothing at the end. I'm just curious how much coins had they literally stolen thanks to that "problems". My advice is to stay far far away.

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September 12, 2017, 07:17:57 PM
 #4

They don't have support. At all.
There are too many feedbacks that concern withdrawal and deposit issues. People waiting answers for more than 2-3 months and there is nothing at the end. I'm just curious how much coins had they literally stolen thanks to that "problems". My advice is to stay far far away.

I had 2 accounts there for a long time and there is nothing left but dust.

They used to have such great volume prior to their lags and getting rid of the troll box.

Bittrex picked up most of their volume and aren't having half of the problems Polo had

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September 12, 2017, 07:27:28 PM
 #5

This is to bad I used to like both exchanges for variety.  More sites we lose the less options to get us some dire profits.
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September 12, 2017, 08:13:52 PM
 #6

It's a shame really... I love their UI and their trading platform, but the sheer volume of complaints about Poloniex can't be ignored.  What blows my mind is the lack of communication from them.  I mean, Coinbase sucks, but at least their leadership recognizes it and sends out communications on what they're doing to ramp support and their platform.

The lack of support and more importantly their lack of any type of communication is the most troublesome to me.  Bittrex has been treating me really well but their charting platform is so frustrating; having to redo your chart every single time is tedious.  But, at least I'm not worrying about them closing up shop tonight!

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RussaX
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September 12, 2017, 08:37:09 PM
 #7

Yeah I wonder what is the point of random freezing and not allowing to trade certain coins. I didn't had any major problems with polo but as I am hearing it makes me think twice when using it.
Important thing to remember is that you should not use exchanges as wallets. Things can get buggy, something will go wrong with time maybe hack, maybe it will go Gox so better safe than sorry.
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September 12, 2017, 08:45:41 PM
 #8

At least it's still manipulated by the users rather than the site itself.
Time to dump Poloniex now.

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September 12, 2017, 08:48:01 PM
 #9

Is poloniex now copying yobit... they have been doing this for years.

Look at vanilla coin

It's double the price on bittrex??

Same for lots of coins frozen in wallets on polo.
It seems yes, they are copying yobit. Hard to find good altcoin exchange service, mostly they aim to freeze accounts and get rid of some profit loss.

Yeah I wonder what is the point of random freezing and not allowing to trade certain coins. I didn't had any major problems with polo but as I am hearing it makes me think twice when using it.
Important thing to remember is that you should not use exchanges as wallets. Things can get buggy, something will go wrong with time maybe hack, maybe it will go Gox so better safe than sorry.
To stop loss and remain profit, that's main idea. They don't do this on everyone because it will be like a scam and they don't want it. Also everything depends on exchangers, I think we can trust some exchangers with our bitcoins ( not with 100btc ). Some legit and licensed exchangers won't freeze your account unless they see there are some wrong activities here (for example send money in casino's adress and etc).

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N1ceCash
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September 12, 2017, 09:14:48 PM
 #10

i left them after i did send ETH from my wallet to an other wallet of mine, the transaction complete with success in polonex but did int receive  money on the other wallet, and didn't find transaction on the blockchain, i did contact them they send my money back to my original wallet, after that, i left them and i will never trust them again.
they could have blush  my honesty, if i was sending money to some one else.
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September 13, 2017, 06:59:43 AM
 #11

It seems that Poloniex is going downhill. I notice the price differences between Poloniex and other exchanges.
The coins support is bad and I don't understand why Poloniex is not changing STORJ X to STORJ. Bittrex has done it long ago.
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September 13, 2017, 08:49:24 AM
 #12

It seems that Poloniex is going downhill. I notice the price differences between Poloniex and other exchanges.
The coins support is bad and I don't understand why Poloniex is not changing STORJ X to STORJ. Bittrex has done it long ago.

That's what I've noticed too, seems like Poloniex is not doing anything about their issues and there are no good news anymore coming from this site. It is always negative feedbacks about their delay in some transactions or some have issues with transferring their coins to another exchange sites.

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