What is your single biggest challenge or frustration when trading crypto?

[ChangeNOW]

Hey guys, just curious, a lot of people have said that they are having issues when it comes to protecting their privacy when trading crypto because the places to buy crypto requiere them to submit sensitive information that can go as far as one's personal address. Do you guys have this same issue? And, what other issues do you guys have when trading?

[kolesozw]

I love to move my funds in different places.

For me the biggest frustration is when I need to move my coins fast and a exchange 'is proceeding' my withdrawal for hours or even days, taking me few times more than fees for this 'service'.

[TwSeventh]

Hey guys, just curious, a lot of people have said that they are having issues when it comes to protecting their privacy when trading crypto because the places to buy crypto requiere them to submit sensitive information that can go as far as one's personal address. Do you guys have this same issue? And, what other issues do you guys have when trading?

privacy is not an issue because we can protect our privacy by buy buying bitcoin from peer to peer platform.
the biggest issue that i ever had was,
when i sent my coin from exchange but the coin did not get through because of error.
caused a delay for a few days and i need to answer their question many times even though it was mine.
also at the same time the price went down significantly.

[Fatunad]

Hey guys, just curious, a lot of people have said that they are having issues when it comes to protecting their privacy when trading crypto because the places to buy crypto requiere them to submit sensitive information that can go as far as one's personal address. Do you guys have this same issue? And, what other issues do you guys have when trading?

So you do mean on KYC matters on exchanges?If it does then they are not really obliging you to submit since we can able to make trades with a unverified account but expect on the limitations when it comes to withdrawals because if you are already transacting big amounts then you are really obliged to submit documentations and on some instances its really real for some people who do make use other identity for the sake of verification.Sources of documents can be found online either on info leak or just been bought to others.

[PuertoLibre]

Hey guys, just curious, a lot of people have said that they are having issues when it comes to protecting their privacy when trading crypto because the places to buy crypto requiere them to submit sensitive information that can go as far as one's personal address. Do you guys have this same issue? And, what other issues do you guys have when trading?

Passing kyc has both negative and positive effect for me personally. Protecting privacy is useless if you dont disclose it on net Almost more than 30% of icos requires to pass kyc in order to receive purchased tokens. i prefer to be anonymous on net rather than giving my personal details.

[damberg]

I am one of those who hate KYC processes in cryptocurrency world. I am extremely incomfortable with giving my personal information to ICO teams and exchanges. Although I know there might be time when crypto exchanges will operate like fully regulated markets with all the "paperwork", I am always going to oppose.

[buwaytress]

Honestly, I think most people who complain about kyc and privacy on exchanges are just kidding themselves. Same people probably don't have the same issue with social media, signing up for a phone line, credit cards etc.

I do agree privacy is important but those who value it the highest probably already do p2p or even find a way on dexs. People who already know how to live off grid don't have these frustrations. Those who don't, should realise it's pointless to complain about kyc on an exchange when their data's already all over Google.

[faithupgrade]

The biggest frustration for me is when the coin a bought got dumped. The biggest challenge is to fight the eagerness to buy the fomo.  Its so stupid to chase the shills.  Much better to research first before risking the money.

[MiningSensei]

Hey guys, just curious, a lot of people have said that they are having issues when it comes to protecting their privacy when trading crypto because the places to buy crypto requiere them to submit sensitive information that can go as far as one's personal address. Do you guys have this same issue? And, what other issues do you guys have when trading?

It is simple.. everytime that you are trading and you face a giant lose, that is the moment when you realize how much money you have lost because of that "shitty" idea of putting money in that order.

Well, i don't know if this is only happening to me.. but yeah, that is pretty disgusting.

[dothebeats]

Personally I don't bother registering to trusted exchanges since it's within their guidelines before anyone can use their platform. However, what annoys me when trading crypto is the lag that often occurs in exchanges whenever a new top is forming, or whenever I want to sell near the peak. It has happened to me a lot of times now, most of the time these events only happen in a minute yet the market will somehow be 'closed' due to technicalities. Other than that, I don't have a problem in trading with cryptos.

[gawer33]

my biggest frustration is it does not have trading times like stocks it run 24/7  so no matter how good trader you are if the coins drop/up when your away or sleep you can not do anything about it. do we have some exchanges that does not operate 24/7 I need one.

[Nahl]

i don't mind if i have to give my personal informations for the particular sites as long they're trustable because seems currently this is necessary to verified our accounts and i have seen big exchange such as bittrex is required to give KYC if we want to upgrade our accounts at there so basically i don't mind about that

[wayaneka]

Not all exchange require KYC to trade in their exchange, although i have to provide it, that is no problem for me, KYC proccess only for comply with AML/Anti Money Laundry. I hasbeen make mistake two times in trading, that is i dont cut loss when down trend and finally my loss become bigger, and trading pair altcoin with BTC/ETH make me more complicated for trading because i have to analysis 2 different price, so now i will start trading only with pair USDT learn more about risk management.

[Caladonian]

Verified accounts is needed to make sure the exchange will lessen issue with rules from their country's jurisdictions, I'm good with that in order also to fully maximized my capability inside the exchange, there's also other options where we don't need to comply with KYC especially tokens from ICO's,  i have some bad decisions where I bought some rising coins late December ending up  dropping the value till now and still holding till the price begin to rise
back, now my balance is so tight and can't trade much anymore.

[heartrodriguez28]

Verified accounts is needed to make sure the exchange will lessen issue with rules from their country's jurisdictions, I'm good with that in order also to fully maximized my capability inside the exchange, there's also other options where we don't need to comply with KYC especially tokens from ICO's,  i have some bad decisions where I bought some rising coins late December ending up  dropping the value till now and still holding till the price begin to rise
back, now my balance is so tight and can't trade much anymore.

The problem with trading Crypto is that they are highly volatile and easily influenced by news. Not saying that it's any different from stocks, but one bad news and almost ALL coins go red at the same time, thus invalidating chart patterns...

[Thanasis]

Hey guys, just curious, a lot of people have said that they are having issues when it comes to protecting their privacy when trading crypto because the places to buy crypto requiere them to submit sensitive information that can go as far as one's personal address. Do you guys have this same issue? And, what other issues do you guys have when trading?

Some exchanges are asking the personal information to stop the illegal activist using their exchange and also from the crypto currency using.But providing the personal information is not a big deal for meb because everyone is ising the social medias and uploading our personal info and daily activity there then why we are afraid to use the same activity when come to crypto.

Do you think facebook keep your details safe?

No they are selling all our personal details to the corporate companies too.So if you are afraid then stop using facebook too.

[kryptqnick]

I agree with those who say that privacy and be given up for security reasons. I think it might make sense to require authentification when people exchange huge amounts of money and there are some suspicions about it. If, however, everything looks casual then id is just unfair, because the whole point of cryptos is to make it impossible.
A serious challenge for me is to make decisions when I see that I already missed the right monemt to sell and am currently down with my funds and then I see the coin go down even more. It's hard to decide whether I have to hold and wait till it goes up or sell rightaway, since it might not go up ever again.

[RenBct]

Of course when trading you loss and when you loss you get mad and you are getting filled with greed and anger which means you can do something very stupid.

[cheezcarls]

I think the biggest frustration that I have is that when trading crypto is to #HODL too much of all my assets. Like Ripple, for example, I have made a nice profit by buying it at $0.78 and selling it for more than $3 and use it to buy TRX at $0.17. However, TRX has lost its value big time during the crash and it's now trading between $0.03 to $0.04. I am frustrated because of this one tiny mistake, and it is a lesson learned for me. However, with Tron's roadmap, I believe they will recover and it'll skyrocket the value like before.

[hyet24]

Letting go of a trade that is dropping huge.  I always think it would increase after I start selling but now I take a lost and move on to another even if it starts increasing.   Maintaining discipline and patience was a challenge when I first started.


Most of privacy stuff between government and me I don't really care.   It's not fair when 9 to 5 workers pay taxes while I don't.  By the end of 2018.  I would set aside 22% of my profits to pay my taxes.