Why are traders denying new users?

[yojodojo21]

This is also a problem to new traders and what is the big issue right now about this is in the services section there are so many people who offers and sells account in exchange of bitcoin, and now it is really controversing, However, I cannot blame exchange sites that they were not able to check if how many alt accounts they are been verifying. I suggest to OP, if you can't make your account then you should buy an account to a legit seller with an escrow.

[tech72]

Binance has opened up their registrations for limited users. You can also use referral links to register for the website. All exchanges closed their registrations almost at the same time, that's a bit strange too. Also, you can buy an account but ofcourse I won't recommend it, as this would be in violation of that exchange rules.

[BrewMaster]

this is the first time i am hearing some exchange is not accepting new members! they have always accepted new accounts but if they can't handle them they will just make their verification take a very long time and keep them in "pending" status!

luckily there are a lot exchanges out there that you can use to trade. look here for a very long list of them. https://coinmarketcap.com/exchanges/volume/24-hour/

[wantjokull]

I have an account in Coinsmarket but the site is always crashing and i wanted to move to another exchange platform.

The problem is that the must trustables are denying new accounts because there's an unusual number of new users and they don't want the platforms to crush.

So, how can i trade?

You should catch up with the bigger exchangers and then try out your luck. The small or new emerging exchangers are not bigger one and they are not having the capacity to hold that much users at the same time. This is the reason why they are getting collapsed. This is really has got to do something with bandwidth of the exchanger and technical stuff like that. Why wouldn't they want new users coming on their exchanger and invest the real money? They do but they are capable of holding the huge data at the same time. So for the safety reason many of them get crashed and revoke the access for new users. Same case happened with the Binance recently. So better to get into bigger and old players of the exchangers such as bittrex, poloniex, hitbtc, etc.

[harizen]

I have an account in Coinsmarket but the site is always crashing and i wanted to move to another exchange platform.

The problem is that the must trustables are denying new accounts because there's an unusual number of new users and they don't want the platforms to crush.

So, how can i trade?

If that is the case then consider using other trading platforms. Don't stuck forever with the idea of only do trades at Bittrex and Binance (well as far as I know they are the only trading sites that halts new account registration. Correct me if there's others.).

Choosing "trustable" platform isn't really the big concern here since even how reputable the exchange is, there are still chances that their behaviour become shit. Is Bittrex and Binance only your preferred trading platform? Explore and try others as we have lots of options to choose than waiting for long time for that trading sites to open again their registration.

[WhoKn0ws]

They'll be doing this as the influx of users is heavily overloading their servers and they obviously had no plans of bringing so much traffic.
There are still a few with limited registrations, and a fairly new exchange that has been doing really well.

[helars2008]

I am also a witness to the strict registration for exchange sites nowadays.
I guess it can all be attributed to the increase in number of new applicants.
Developers just probably wanted to protect the integrity of their sites and avoid more congestions from happening.

[trecore4]

Why not just use the normal and well know exchangers over the market. :-) I am musing the hitbtc, a perfect match for my needs. It gives me in depth data analysis, freedom to put on the stop-loss limits and market can be reached at any movement. This exchanger is mostly active and I have seen it going into the maintenance mode only 3-4 times in entire year. So you can see it is having the best potential. There is no restriction on how many users come and hit the hitbtc. You may wanna have look into it. There are many new exchangers which are having the limitation on sign ups which is really weird because how can anyone limit the volume of trades that is coming in 24 hours. It makes the exchanger look small and prices could be set like wise. 

[izanagi narukami]

There are many trustable exchanger such like bittrex or poloniex that I've been used over 3 years.
Or you can find another legit local exchanger so you do not need stuck in one exchange except that was the only one exchange that exist in your place.

~Find another better one

[btcprospecter]

With more and more people starting to use crypto currencies and become involved with bitcoin and crypto exchanges have seen a huge increase in people wanting accounts. They can't cope with the influx of people wanting accounts that nearly all need verification now. It does not mean that they are not going to accept new customers in the future.

[athanz88]

I have an account in Coinsmarket but the site is always crashing and i wanted to move to another exchange platform.

The problem is that the must trustables are denying new accounts because there's an unusual number of new users and they don't want the platforms to crush.

So, how can i trade?

Why are exchangers denying new users? You just answered that in your statement, which is they dont want the platform to crush. With bitcoin price increasing like now, it attracts more people to join some trading, and the exchanger has already many members at first to serve, and even the largest exchanger too said that they already using their resources (people who works for company, etc) 24/7 and it is still difficult to proccess all the trading transaction because the amount of transactions are so massive. So they re restricting other to make a new account to their exchanger platform, for now. They said they will find a way so they can accept more member later.
For now on, i guess it is better for you to look for a local exchanger, or try to look other exchanger that can still accept a new member.

[mOgliE]

I guess that the best answer here is just... Well, wait.

I understand this is not what you hoped for when you made your post but there is not actual solution to your problem. Technically, the network is limited and considering the current number of users, most platforms are facing issues dealing with all transactions. So they cannot take the risk of accepting newbies if they are not sure they can provide the service.

That's why you are struggling. And I am sorry to say that this is one of the biggest issues the bitcoin has ever faced and it should be a real concern for every bitcoinner as without infrastructure, bitcoin is nothing...


Hope it will get better soon!

[soma50]

I think, the number of users in this exchange is unlimited. All attempts are being made to avoid losing control, because bitcoin has attracted many people on this platform. That might be the reason.