Rules are Rules

[Bonwin]

Wherever you find yourself, always lookout for rules. Rules are rules and are meant to be obeyed. I wanted to trade on an exchange, but before trading, i needed to transfer my fund there.
I had a wrong assumption, because i thought every exchange sites have almost the same rules in common.
I made a mistake of not completing all the processes needed to transfer my fund to the exchange and that made me to loose my fund.
After contacting the admin, i was told that the penalty would be to pay a fee before it could be rectified.
To my amazement, the fund i transferred in there could not cover the fee for the penalty. It was exactly half of it. That was the price i paid for not obeying rules.
Had it been i read the rules carefully well before proceeding, i would not have lost my fund.

Rules will help you to maintain your boundaries.

[CryptoTamer]

Wherever you find yourself, always lookout for rules. Rules are rules and are meant to be obeyed. I wanted to trade on an exchange, but before trading, i needed to transfer my fund there.
I had a wrong assumption, because i thought every exchange sites have almost the same rules in common.
I made a mistake of not completing all the processes needed to transfer my fund to the exchange and that made me to loose my fund.
After contacting the admin, i was told that the penalty would be to pay a fee before it could be rectified.
To my amazement, the fund i transferred in there could not cover the fee for the penalty. It was exactly half of it. That was the price i paid for not obeying rules.
Had it been i read the rules carefully well before proceeding, i would not have lost my fund.

Rules will help you to maintain your boundaries.

Thanks for sharing your experience but, can you explain more about the mistakes you made when sending funds to the exchange?

They can fix it and that means your deposit was successfully sent to the exchange wallet but, I don't understand why your deposit could be a problem for that exchange and you are charged a penalty

[Bonwin]

Thanks for sharing your experience but, can you explain more about the mistakes you made when sending funds to the exchange?

They can fix it and that means your deposit was successfully sent to the exchange wallet but, I don't understand why your deposit could be a problem for that exchange and you are charged a penalty

Yes, my deposit was successfully sent from my end, but i did not know that for it to reflect on their exchange,i had to send using the memo alongside the address provided by the exchange.
My thought on this is that, for the fund to reflect, it would be manually processed by the exchange, but because i did not send it with the memo ID, i was denied the fund.

[bojoketikung]

Wherever you find yourself, always lookout for rules. Rules are rules and are meant to be obeyed. I wanted to trade on an exchange, but before trading, i needed to transfer my fund there.
I had a wrong assumption, because i thought every exchange sites have almost the same rules in common.
I made a mistake of not completing all the processes needed to transfer my fund to the exchange and that made me to loose my fund.
After contacting the admin, i was told that the penalty would be to pay a fee before it could be rectified.
To my amazement, the fund i transferred in there could not cover the fee for the penalty. It was exactly half of it. That was the price i paid for not obeying rules.
Had it been i read the rules carefully well before proceeding, i would not have lost my fund.

Rules will help you to maintain your boundaries.

It makes sense to ask for traders to trade on the exchange so that the union must be obeyed in order to make it smooth. In this case like asking permission to enter a place to trade, such a picture yes sir. Each place or exchange has different rules, and if not adhered to must be fined.
Thank you for the information hopefully useful.

[geminiboy]

Thanks for sharing your experience but, can you explain more about the mistakes you made when sending funds to the exchange?

They can fix it and that means your deposit was successfully sent to the exchange wallet but, I don't understand why your deposit could be a problem for that exchange and you are charged a penalty

Yes, my deposit was successfully sent from my end, but i did not know that for it to reflect on their exchange,i had to send using the memo alongside the address provided by the exchange.
My thought on this is that, for the fund to reflect, it would be manually processed by the exchange, but because i did not send it with the memo, i was denied the fund.

indeed the exchange has different rules, but your problems I never find in any exchange, every deposit that has successfully entered means there is no problem in exchange, I want to know which exchange do you make a deposit?

[Papcio77]

Good attitude, this are highly required in crypto. Accept your mistake and move on with more stronger mind to face the real world of crypto. Follow the golden rules to lessen any losses like what you had experience. In evey move you do make sure to know the consequence and decide with risk. Like here in the forum read all rules to avoid getting red trust or  ban.  Care to not regret

[CryptoTamer]

Thanks for sharing your experience but, can you explain more about the mistakes you made when sending funds to the exchange?

They can fix it and that means your deposit was successfully sent to the exchange wallet but, I don't understand why your deposit could be a problem for that exchange and you are charged a penalty

Yes, my deposit was successfully sent from my end, but i did not know that for it to reflect on their exchange,i had to send using the memo alongside the address provided by the exchange.
My thought on this is that, for the fund to reflect, it would be manually processed by the exchange, but because i did not send it with the memo, i was denied the fund.

I understand thanks for your explanation

Yes, my deposit was successfully sent from my end, but i did not know that for it to reflect on their exchange,i had to send using the memo alongside the address provided by the exchange.
My thought on this is that, for the fund to reflect, it would be manually processed by the exchange, but because i did not send it with the memo, i was denied the fund.

indeed the exchange has different rules, but your problems I never find in any exchange, every deposit that has successfully entered means there is no problem in exchange, I want to know which exchange do you make a deposit?

I think forgot to include a Memo ID when depositing certain coins into Exchange is a pretty serious problem because Memo ID is useful to know the owner of funds for each transaction received in the Exchange wallet.

[GraingerTainMian]

I also once faced the same mistake when I was new to the community. I agree with you, rules should never be broken or else there's a price we have to pay for. It's normal in the world of cryptocurrency and blockchain system, it happens as first when you newly start trading, nevertheless , I really appreciate your efforts for spreading the awareness to others.

[Flyne d Coin Digger]

Rules are not created to force others to follow it but rules are mean to be obey for a greater purpose and to mainten the peace and synchronization of a certain group as well.

[Krassows]

In the case of regulatory cryptocurrency is very important, if we will follow a bounty of a certain project we must definitely know the existing rules, such as posting how many weeks, pay attention to the signaturenya, min rank of the account, count the stake, there we must understand in detail

[JCLee]

Lesson learnt . But can you let me know which exchange had you sent your cryptocurrency to? Cause I don't see any exchange has strict rules like that before . Anyway, next time you should carefully before sending your cryptocurrency to any exchange wallet to avoid the same mistake like this .

[Hanebel]

May I know what exchange it is so we can also prepare ourselves when we try to use this platform? Sharing this to us is a great help, although I feel sorry for your loss, I am positive enough you can have it back in other ways.

[leea-1334]

Good advice, remember that you are in a way helpless when it comes to trusting a third party. Crypto is meant to be peer 2 peer, but we can't help, especially as newbies, to trust centralized services, especially exchanges that give us the only way to trade most crypto.

We trust ICOs,,, private blockchain tokens that we hope will have value. We trust exchanges,,, to keep our funds and honor our funds. So always be sure not to break the rules. Keep to the boundaries and you have the best chance.

[artaks]

In crypto-space, you must always be cautious. What makes a person not losing any asset or opportunity is to be patient in every action and to be aware of every pros, cons, policy, and opportunities in any agreement. Here, surely you missed these facts and that caused a real loss. What you lose can be recovered if you learn from it and go with these disciplines, I assume.

[Fenderr]

Wherever you find yourself, always lookout for rules. Rules are rules and are meant to be obeyed. I wanted to trade on an exchange, but before trading, i needed to transfer my fund there.
I had a wrong assumption, because i thought every exchange sites have almost the same rules in common.
I made a mistake of not completing all the processes needed to transfer my fund to the exchange and that made me to loose my fund.
After contacting the admin, i was told that the penalty would be to pay a fee before it could be rectified.
To my amazement, the fund i transferred in there could not cover the fee for the penalty. It was exactly half of it. That was the price i paid for not obeying rules.
Had it been i read the rules carefully well before proceeding, i would not have lost my fund.

Rules will help you to maintain your boundaries.

Indeed rules are rules and individual exchanges have their set that you must stick to trade on their platform, failure to abide by them implies you losing your money. I saw a new exchange and I read in their WP that there will be fees for deposit of funds. In that instance, you need to ensure you stick to their rules and be prepared to pay the fees

[OrlickThunder]

Even though we get lazy or want to be a bit rogue, we still need to follow the rules and regulations. They are there to actually safeguard us from falling into troubles. So, even though they might be time consuming, we need to follow the rules and regulations.

[joelsamuya]

Thats correct, that is why rules has been published and pop up the time you registered in any of the exchanges out there, i mean all of the exchanges have the rules like this. Its only upon us, if we gonna read all those rules, but whenever we forget to read the rules, we will only shoulder the cost.

[marn6767]

your experience is bad for you. I'm sorry for that. But I thank you in that you share these experiences with us. I will pay attention after that. I hope you will not have the same situation again

[Slimztee]

It's important to follow the rules, especially in this crypto world as it's so easy to lose one's funds due to little carelessness. You have to double check everything, every information provided by clicking the button most times. No need to be in haste as some errors are irreversible and irreparable.

[lena1]

Thanks for the valuable information, I will take note, but so far I have not come across such a thing!