Is Poloniex Still Safe to Use in 2019?

[countryfree]

I realised by then I was really just gambling with leaving all my funds there to earn interest from loans.

Yes, you were. And I'm afraid it will only get worse, otherwise, why would they have moved from the US to Bermuda?

[milewilda]

One question, would binance would go into the same path?

What screwed Poloniex and Bittrex in the eyes of most was a messy transition to full compliance, though obviously there were other issues too along the way.

Binance has yet to transition to being full anal about KYC but the day is coming. They'd better be conscious of the potential to piss off vast swathes of customers and do their best to deal with it smoothly. Both of those joints offer a salutory lesson.

They should really be prepared because Binance wont stay to be like that forever yet as the day goes there would always be a tendency yet we know that government wont really stop if they cant do something.

[ethereumhunter]

I still trade on poloniex and so far, I don't have any problem with them. I already verified my account in the 2 years ago, and since then, I don't have any worry to trade with them. I know that poloniex has a lack of time to reply to their member problem, but I am sure that they will answer one by one of their member and help them to solve their problem. But if you are worried about them, you can move into another exchange which could make you feel safe.

[countryfree]

...you can move into another exchange which could make you feel safe.

Make you feel safe, please read the topic before writing BS. Poloniex has stolen 1,800 BTC from its customers, and I'm one of them. You're a mad man if you feel safe using Poloniex. And it will be even worse now that they've moved to Bermuda, where all litigation is impossible.

[malevolent]

What screwed Poloniex and Bittrex in the eyes of most was a messy transition to full compliance, though obviously there were other issues too along the way.

Binance has yet to transition to being full anal about KYC but the day is coming. They'd better be conscious of the potential to piss off vast swathes of customers and do their best to deal with it smoothly. Both of those joints offer a salutory lesson.

Yeah, KYC and also the unpredictable way it was handled made me very distrustful of these two exchanges which I used to like using. Binance is OK... for now, but in the coming years, if not months from now FATFA might be enough of a reason to push them into introducing mandatory KYC for every user. I wonder what percentage of their users have verified accounts now that it's the only way to participate in IEOs.

[countryfree]

What screwed Poloniex and Bittrex in the eyes of most was a messy transition to full compliance, though obviously there were other issues too along the way.

Binance has yet to transition to being full anal about KYC but the day is coming. They'd better be conscious of the potential to piss off vast swathes of customers and do their best to deal with it smoothly. Both of those joints offer a salutory lesson.

Yeah, KYC and also the unpredictable way it was handled made me very distrustful of these two exchanges which I used to like using. Binance is OK... for now, but in the coming years, if not months from now FATFA might be enough of a reason to push them into introducing mandatory KYC for every user. I wonder what percentage of their users have verified accounts now that it's the only way to participate in IEOs.

Yes, things are getting worse and worse. Poloniex was one of the last trading places I use to trust, but I can't recommend a single one, now.

[Smokey23]

Poloniex is as shady as ever, even after the Circle acquisition.

https://www.theblockcrypto.com/2019/06/06/poloniex-could-leave-itself-open-to-legal-threats-by-socializing-1800-btc-loss/

[mirakal]

There has been no complain about the site yet, I mean a valid complain or a scam accusation so this site is safe at all.
However, it loses it's popularity already and we can tell that with its current volume now which is only $16 million and I really miss the site as it's part of my journey when I was still starting up in trading and investing, back then it was the most popular but now we already have Binance.

So, even if the site is good but there's a better option, I would prefer with the better one. 

[gentlemand]

There has been no complain about the site yet, I mean a valid complain or a scam accusation so this site is safe at all.

They have publicly helped themselves to the money of their customers because of a problem entirely of their own creation.

You don't regard that as a problem or valid complaint? Once upon a time you could've moaned about shit customer service perhaps. Now it's gone up a level into proper insult.

[countryfree]

There has been no complain about the site yet, I mean a valid complain or a scam accusation so this site is safe at all.

No complaint?

You don't know what you're talking about. Poloniex has stolen 1,800 BTC from its customers. It's not a scam accusation, it's a well documented fact. And I happen to be one of the victims, so I know what I'm talking about.