Long- Term Poloniex account

[ylmz611]

Hi guys,

I have a digibyte for long term investment. I've read in somewhere and it says Poloniex can block my account because of inactivity for long time.
Do you believe or know that is true?

[OmegaStarScream]

Regardless of the credibility of that statement, you should always control your private keys. You can use Coinomi or the original wallet of the coin.

[aardvark15]

Hi guys,

I have a digibyte for long term investment. I've read in somewhere and it says Poloniex can block my account because of inactivity for long time.
Do you believe or know that is true?

I would assume that they would only block it if the balance was zero or close to zero. It may be a good idea to at least log in to your account every few months as a precaution because that may also be considered activity. But of course just like the previous post, it’s always a good idea to take coins off exchanges if you want to just hold them. Only use exchanges for trading.

[Yaunfitda]

Hi guys,

I have a digibyte for long term investment. I've read in somewhere and it says Poloniex can block my account because of inactivity for long time.
Do you believe or know that is true?

And besides, Poloniex has been acquired by Circles so expect a lot of changes in the next coming months and be sure that you stay active otherwise there is a chance that you will lose your investment in there.

And as per Poloniex ToS

https://poloniex.com/terms/

29. UNCLAIMED PROPERTY
If Poloniex is unable to return your Tokens to a third party Account for you after a period of inactivity, Poloniex may report and remit the Tokens to an applicable government agency pursuant to applicable escheatment or unclaimed property laws.

Its doesn't says how long until they consider your account inactive but be sure to check your account and your investment from time to time. Or better yet transfer to another wallet just to be sure.

[ylmz611]

Hi guys,

I have a digibyte for long term investment. I've read in somewhere and it says Poloniex can block my account because of inactivity for long time.
Do you believe or know that is true?

And besides, Poloniex has been acquired by Circles so expect a lot of changes in the next coming months and be sure that you stay active otherwise there is a chance that you will lose your investment in there.

And as per Poloniex ToS

https://poloniex.com/terms/

29. UNCLAIMED PROPERTY
If Poloniex is unable to return your Tokens to a third party Account for you after a period of inactivity, Poloniex may report and remit the Tokens to an applicable government agency pursuant to applicable escheatment or unclaimed property laws.

Its doesn't says how long until they consider your account inactive but be sure to check your account and your investment from time to time. Or better yet transfer to another wallet just to be sure.

thanks for your explanation dude. It's been very helpful