Hard to sign-up on exchanges

[highperspective]

I have friends who are trying to sign up on different exchanges without any luck. The exchanges (some of the biggest ones) simply has too big overload on the backend. What kind of consequences do you see form this? Some ideas of mine is;
- Lower investments than the real potential because people who do want to join, can't
- New opportunities for a lot of new exchanges
- Focus of exchanges changes to being decentralised exchanges instead of the ones we see today

This is just some thoughts I have on potential consequences, and not necessarily something that is going to happen. If you have other ideas, please share.. 

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[xdrpx]

Could you also mention what issues your friends were facing when signing up?

- Lower investments than the real potential because people who do want to join, can't

This one's a tough shot, but most of the exchanges that I use locally do have investment restrictions in a way until and unless I have myself fully KYC/AML verified. This could also mean most of the people could also get themselves verified as well. This shouldn't necessarily be the norm for all exchanges. Lowering investments isn't a good idea, as people will always be able to trade using multiple exchanges.

- New opportunities for a lot of new exchanges

Yes this is true, a lot of new exchanges will showup in the new future. We need more competition to fight monopolistic exchanges who won't adopt bitcoin necessary features (like segwit) because they feel they're the boss and they don't want to do it on purpose inorder to support some altcoins.

- Focus of exchanges changes to being decentralised exchanges instead of the ones we see today

There are decentralized exchanges already but there are very few people using it since it takes time for people to realize its usefulness and to get more sellers and buyers. Bisq is one such example but there are very few sellers and buyers.

[Coin_trader]

I think it's just temporary, the past years of being engaged in the crypto trading are quite good and no restriction during sign up, i guess, there are just some things that affects or needs to be settled to be able to get back into the signing up process for an account in a particular exchange.

[spngebob]

I have friends who are trying to sign up on different exchanges without any luck. The exchanges (some of the biggest ones) simply has too big overload on the backend. What kind of consequences do you see form this? Some ideas of mine is;
- Lower investments than the real potential because people who do want to join, can't
- New opportunities for a lot of new exchanges
- Focus of exchanges changes to being decentralised exchanges instead of the ones we see today

This is just some thoughts I have on potential consequences, and not necessarily something that is going to happen. If you have other ideas, please share.. 

As far as I know there are only two exchanges which temporary disabled registrations for new users(bittrex and binance) but there are lots of other exchanges which are accepting new users.
They will probably allow new users to join in near future as soon as they solve all KYC issues.

[EVYFZ]

Today the exchange has put some restrictions on registration. It is temporary in respect of a large number of people wanting to trade.

[UrosViewly]

Yeah it's not only the exchanges that are clogged right now.. Hopefully it will all be resolved by a couple of updates. Patience is the key my friend!

[andrewhyde]

Any idea on when those would be lifted? Do we tell our friends that want to get involved in alt's to join lesser known or trusted exchanges or just wait until they have caught up with the backlog?

[silverstar43]

Bitfinex stated they will reopen their doors Jan15.  Prob safe to assume Bittrex and Binance will do the same shortly after they completed their upgrades.  Smaller exchanges are not that bad, but are prone to random crashes and unannounced updates.

[jevee]

i have the same problem, i wanted to make an account on bittrex and they simply said they have an overload of new account registrations and that the registration will be halted for a while

[chiggz]

Lots of people getting on board to make some quick money. AFAIK Binance has started the registration process again yesterday. But stay away from some shady exchanges. I have lost 0.02 BTC on Bitfinex and still haven't received any reply from the support. Also the withdrawal times take like 4 hours for many poeple. I guess this might also be one reason registrations are suspended since lot of support tickets are opened daily.

[Selapesek]

Any idea on when those would be lifted? Do we tell our friends that want to get involved in alt's to join lesser known or trusted exchanges or just wait until they have caught up with the backlog?

[pooya87]

all the possibilities that you mentioned are true but so far they have also been true all this time and none of them changed anything. there are still a couple of big exchanges that nobody seems to want to move away from and they are not the best services either! some of them even cause a lot of issues for their customers and they even lose money because of them, like the server problems on poloniex where you see others dumping but your orders never go through!

i am personally hoping for decentralized exchanges to become bigger and more popular but then again i have had this wish for about 2 years now.

[michellee]

I have friends who are trying to sign up on different exchanges without any luck. The exchanges (some of the biggest ones) simply has too big overload on the backend. What kind of consequences do you see form this? Some ideas of mine is;
- Lower investments than the real potential because people who do want to join, can't
- New opportunities for a lot of new exchanges
- Focus of exchanges changes to being decentralised exchanges instead of the ones we see today

This is just some thoughts I have on potential consequences, and not necessarily something that is going to happen. If you have other ideas, please share.. 

this is happening too with my friend. I think with a big opportunity for every people which join in the cryptocurrency, it makes some of the exchanges get explode of the customer which want to join with them. although, I am sure that every exchange has added more server, but still not enough for new people which want to register.

I think this is a new opportunity for people which have big money and have good skills to create new exchanges because this will attract more people to join with them. and if you can do this, it is better that you create a new exchange with different features than the other exchanges.

[BitChief]

Yeah it's not only the exchanges that are clogged right now.. Hopefully it will all be resolved by a couple of updates. Patience is the key my friend!

Yes it's a very real problem at the moment. It's a massive bullish sign tho, the exchanges can't handle the overwhelming amount of demand out there

[majest3]

There are exchanges that are accepting new clients such as Kucoin and Cryptopia, both have a good selection of coins and pairs. The sign up process was relatively easy. I would be careful with HitBTC, easy to join but very difficult with deposits and withdrawls.

[hodl2apollo]

My friend just got in on binance several hours ago. He kept on refreshing... crazy determination lol.