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Author Topic: what to do, if an exchange disables trading for certain currency?  (Read 653 times)
oceantiger
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March 18, 2019, 02:24:56 PM
 #21

There are a few things you can do now which includes changing the coin to either BTC or Ether and bear the loss if there is, which is better than losing the whole money when the coin get delisted. You can also see if you can exchange it with Doge coin.
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March 18, 2019, 04:54:09 PM
 #22

If you have invested in an option that is traded on a single market, this is due to your ambition to earn money. If you do not have a market alternative to sell your coins or tokens, the only thing you can do is P2P trading. Of course, there is a chance that this trade will be damaged, but you have no other alternative.
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March 18, 2019, 05:14:26 PM
 #23

Exchanges won't suddenly disable trading of certain currency. Exchanges give notification with some deadline for the disabling of the certain trading pair. Before that we need to make use of the trading access and beyond that it goes a valueless token. In some projects they provide with the access to swap for other coins.

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Jating
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March 18, 2019, 05:18:25 PM
 #24

Exchanges won't suddenly disable trading of certain currency. Exchanges give notification with some deadline for the disabling of the certain trading pair. Before that we need to make use of the trading access and beyond that it goes a valueless token. In some projects they provide with the access to swap for other coins.

Correct, they will give their user based some time to really liquidate their assets. The only thing to do right now is just move out the coin, but you need to look at with exchange are still supporting it.

Otherwise, he can't do anything about it since it worthless, another expensive lessons to learn again. If we are holding coins that has no potential, it's better to really dump then accept the lost and then move on.

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March 18, 2019, 05:29:37 PM
 #25

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.

it will be delisted on 27/3

what could be done?
This disabled tokens or coins has happened to my two coins before and I was able to transfer them to another exchange.  Mozo was disabled and delisted from coinrail after I transfer my tokens there for trading and I even bought more mozo from there but I was surprised to see it disabled after few days and panic set in.  However, I was able to transfer my values to idex after I find out that my tokens is still there.  The same thing happened to me in gym tokens and I have to quickly applying the same procedure in moving it to another exchange.  It is not difficult it is the same way you move coins from one exchange to another! 
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March 18, 2019, 10:43:10 PM
 #26

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.
it will be delisted on 27/3
what could be done?
If they have stopped trading with the coin you mentioned there is nothing you can do, looks like you will be a bag holder for the rest of your life, i am sure the exchange will allow you to withdraw those funds to your own wallet before removing the coin entirely, i am not sure which coin you are talking about as i could not find that in coinmarketcap.
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March 18, 2019, 10:49:30 PM
 #27

If they have stopped trading with the coin you mentioned there is nothing you can do, looks like you will be a bag holder for the rest of your life, i am sure the exchange will allow you to withdraw those funds to your own wallet before removing the coin entirely, i am not sure which coin you are talking about as i could not find that in coinmarketcap.

It's a dying coin (or should I say already dead) for quiet period of time. Obviously it won't appear in Coinmarketcap now.

Yes as always exchanges will allow withdrawal of a delisting coin. But after the timeframe given and no withdrawal from the part of the user have been done, the coins are gone for good although it's fine rather than to become a designed in a user's own wallet. I doubt developers of that coin will come back and will attempt to revived it.

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March 18, 2019, 11:30:03 PM
 #28

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.

it will be delisted on 27/3

what could be done?
I never experience this one before but i think if they stopped that coin to be traded there will be no other way for you to convert it aside from withdrawing it which is too hard for you i guess. That coin will be useless soon, go ask the developer on how you can sold that coin withdraw it as soon as possible.
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March 18, 2019, 11:40:31 PM
 #29

I guess another shit coin like sic. When an exchange removes a coin from there site, that is a enough red light that all isn't well with the team. I suggest you withdraw to personal wallet if it is compatible, then you forget it & move forward.
if you deactivate it while we may still be able to wait, but if it is permanent then it is a trading risk, because all trades are always risky. I think only certain coins and unreliable ones can be deactivated, this won't happen to highly trusted coins like Bitcoin.

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March 19, 2019, 01:06:48 AM
 #30

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.

it will be delisted on 27/3

what could be done?
Move it to ERC-20 wallet if there is no alternative exchanger for that particular coin. However if you lose hope that it'll be listed in other exchange and you don't see future about it, just let it be delisted in that exchange so that your effort won't be wasted.
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March 21, 2019, 04:26:32 PM
 #31

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.

it will be delisted on 27/3

what could be done?
This is really a problem. altcoins with no potential to die like that and other exchanges do not want to help it.
I think you should wait and sell for those who want to purchase bad altcoins.
Sell to people that wants to purchase bad altcoins ?
Is that another form of business going on within the cryptocurrency world that I am not aware of ?

If not, I really doubt if any sane person will see a project without future and has even proven itself week by dying off the market, then someone purchasing it. Like you said yourself, if other available exchanges are not willing to help, how then will the buyer make use of it, once a coin is bad, it’s bad, it can never be revived again.
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March 25, 2019, 06:26:57 PM
 #32

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.

it will be delisted on 27/3

what could be done?

yup, just p2p
delisting is a one-end thing unfortunately
This is a bad and pathetic condition to be honest. There has to be a way to at least get the value back. Delisting the coins is not a solution. Couple of best exchanges I know have been very much appreciated in this regard. Remember when an exchange has high demand among the crypto users, be sure that it will be the best exchange and will not de-list your coins just because of disabling trading for certain currency.
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March 25, 2019, 06:59:50 PM
 #33

It serves as a huge red flag and hints at shady deals going on in that project, if I was not already an investor but was watching the currency, I would surely not be investing.
Of you already own those coins, you have an option to panic sell before the official delisting, it would go for almost nothing considering the controversy, and there's a slight possibility that the project would survive and thrive.

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March 25, 2019, 07:26:19 PM
 #34

It serves as a huge red flag and hints at shady deals going on in that project, if I was not already an investor but was watching the currency, I would surely not be investing.
Of you already own those coins, you have an option to panic sell before the official delisting, it would go for almost nothing considering the controversy, and there's a slight possibility that the project would survive and thrive.
Of course, it’s very bad to get into such a situation, but it seems to me that there are really more factors that can influence such actions. Perhaps problems have a project with a certain exchange and if these coins are traded on other trading platforms without problems, then in this case you need to withdraw your funds from this trading exchange very quickly. In any case, the situation is very bad and I have not yet encountered such a problem. But lately I have been observing that very often users of cryptocurrency discuss problems after delisting certain coins.
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March 25, 2019, 07:40:50 PM
 #35

It serves as a huge red flag and hints at shady deals going on in that project, if I was not already an investor but was watching the currency, I would surely not be investing.
Of you already own those coins, you have an option to panic sell before the official delisting, it would go for almost nothing considering the controversy, and there's a slight possibility that the project would survive and thrive.
If there's already an issue then you need to find alternative exchange where you sell it out right away avoiding to lose more of its value, the time for you is really getting shorter so you have to decide as quickly as you can, you can use those sold amount to invest again with other coins just make sure to review more so things like this wont happen again to your investment.
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April 30, 2019, 05:15:09 AM
 #36

If there is somehow a news or kind of announcement that the coin you are holding will be delisted in an exchange, you had to sell it right away to at least get back some of your invested money. But the thing is, if you didn't listened with the delisting issue, when you act upon greed and ignorance, you can not do anything about it. Just sit back and considered it as a dead coin.
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April 30, 2019, 06:33:19 AM
 #37

There is nothing you can do, unless you can find some other exchange, possibly a decentralized one, where you can trade it. As stated on the coinexchange.io exchange website, they tried to contact the dev team and no one responded.

Quote
The Crimsoncoin (CRMSN) currency will be delisted on 27-03-2019
CrimsonCoin is being delisted. The coin appears to be abandoned. We have attempted to contact the developers but we received no response. The market will be halted on the 27th of February and the wallet will be disabled on the 27th of March.
Source: https://www.coinexchange.io/market/CRMSN/BTC

It seems it is practically a dead coin.

Unfortunately, it is the harsh truth. Once an exchange disables a coin, or for that matter declines for its registration, then, that would mean that such coin is technically dead and won't have the same capacity to be used in a transaction or be exchanged for in any platform. Actually, many coins share that fate already, and its poor users who have believed in those coins, are now left with useful pieces of coins in their wallets without any use. For myself, I have experienced this when I joined a campaign, and it turned out, that such campaign didn't register their coin on the usual trading platform because they are eyeing to register it in an up-and-coming platform that never made it through, so there it is, I have that coin up until now, but with virtually nothing to use it for.
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April 30, 2019, 07:17:21 AM
 #38

Well, I think you can do nothing but quit that rubbish exchange and look for another new exchange. I suggest you can use the famous exchange, it is more safe and convenient, as I know, MXC www.mxc.com is one of the best exchanges, maybe you can have a try.
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April 30, 2019, 08:12:22 AM
 #39

i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.

it will be delisted on 27/3

what could be done?

If the trading stops and your coin would be delisted, all you have to do is to withdraw it right away. It might be a shitcoin that is why it is being delisted but if it has a certain value, keep it safe and withdraw it right away.
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April 30, 2019, 08:16:17 AM
 #40

Is there any other exchange? Move to there
No exchange? Move to its wallet
You can do nothing, you should have sold it otherwise before trading is disabled.

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