Rules are Rules

[Bere ice]

Not following rules and regulation will damage more than people think. Rules and regulation is the basic framework that keeps the whole system balanced. Therefore regardless how tedious it seems to be rules should be followed.

[1715022767]

1715022767

[1715022767]

1715022767

[1715022767]

1715022767

[Brequir]

From my point of view this thing is highly required to crypto market. You will more strong when you know about your weak point. I suggest you to read all the rules, it will help you to understand the overall issue.

[Aloon]

Dealing with cryptos can be risky and sometimes we make mistakes but we have to learn from our mistakes. Good to see you dealt with the problem with such attitude rather than getting frustrated which most of the people do.

[Actum]

Yes, it shall be common practice to obey rules carefully while trading or exchanging on crypto market. But, it would be better if you share the problems or mistakes made or rules not obeyed for which you've lost your fund.

[nairb131]

Yes, I agree with you that rules are rules and they should be obeyed for you not to lose your funds. Before you make any transaction or invest in a coin or even participate in a campaign, it is very good to read the rules and regulations they give.

[Ramtapsbtc]

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.

First of all thank you for sharing your experience, it helps
us to be more aware about rules,  Rules are rules and following those rules are very important ,,being careless  in every actions you take may end up to losses,but anyway take it as your experience, most important here is you learned your mistake .

[danherbias07]

Good. Instead of negative reactions we see this kind of optimism from people here.

We forgot the basic lesson we learned from school. Read the directions first or rules. Usually with exams it is in the first part of the paper.
We might have the right answer but we did it in an improper way which makes our answer wrong.

Same with this exchanges, this is our money we sre talking about so we better be careful before we click each button.

[Ereun]

These mistakes can be taken as a lesson for me when I want to trade on various exchanges.the goal is that no loss from both parties and the rules must be executed.

[katak mercat]

Yes, I agree with you that rules are rules and they should be obeyed for you not to lose your funds. Before you make any transaction or invest in a coin or even participate in a campaign, it is very good to read the rules and regulations they give.

ignoring the rules is stupid things, like learning without the direction of teachers and books, the book is made according to the experience of the former, if you ignore it then you will get lost and run in trouble.

[Proo1947]

It is really commendable that you dealt with it in calm manner, most of the investor loses their cool or gets frustrated. Rules are there for a reason and as long as we are abiding by them, it creates a disciplined and pleasant platform for everyone.

[tranquochung]

Dear all,
Yes, Rules in everywhere, rules in exchanges, rules in bounty, rules in airdrop, rules and rules,... I am a newbie in this crypto environment. It is so hard to do entirely. Each campaign one rule. The methods trading change continously. It's a trouble.

[waiki]

Dear all,
Yes, Rules in everywhere, rules in exchanges, rules in bounty, rules in airdrop, rules and rules,... I am a newbie in this crypto environment. It is so hard to do entirely. Each campaign one rule. The methods trading change continously. It's a trouble.

If you do not want to follow all the rules that are in the crypto you better leave crypto because the rules are not in crypto only, in everyday life we ​​have rules and rules that are important to follow and in carry out, it makes us to live discipline.

[cryptoalfs76]

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.

Actually i must confused of what happen in your trading transaction and why should its been happen thats you not complete all the process,before making a trading exchange to the market,definetly every trading site's have a different rules and processing fee of there every transaction,but in means of you pay a penalty in order to  get your mistaken transaction thats a new situation  to me,because every admins in different exchanges  have a guidance or helpdesk in order to recover those your transaction and not paying another kinds of payments.

[DarkBullet]

That can't be avoided when you are not reading an instructions first before making any move. When we are talking or making a transaction on our crypto funds, it is always advisable to do our own research with that trading platform like a user's feedback, trading fees and also about their rules and regulations. Learn from your mistake and it will minimize this type of scenario on your end next time.

[Nahl]

Indeed read the TOS for the particular exchange is necessary to avoid such as OP say because almost on every exchange have their own rule for their costumers but honestly during use crypto and use several exchange i was never heard that there was an exchange which gave fee penalty if we want to transfer our funds and even seems those penalty fees looks high because your funds can't cover the penalty fees

[Hipag]

To avoid any mistakes read and understand all the rules and apply it, rules are made to obey not to ruin, or else you will pay the consequences, thank you for sharing your experience and good luck.

[Este]

I am not sure which rule you are talking about. This can not be happened. Can you be a bit more specific?

[Gabri]

I would like to know what kind of exchange it is. To get around it myself. But the agreement must be read, especially what is written in small print. I'm even interested in reading their rules and seeing their penalties.

[shirackjs]

Sorry for your losses, do you mind sharing more details about the exchange and coin so that we can be more careful next time?

Just curious is there any instruction to indicate memo at the deposit page? I agreed that we have to be careful since it is our hard earn money. It is also good to send a small deposit for testing first deposit.

[Crypdon]

I've never heard of an exchange requesting memo ID with a transaction. Unless you're doing a large whale sized OTC deposit i dont see why it is needed. Even binance doesn't require this nonsense extra info