Bad experience with exchanges

[d3nz]

I've experienced a stressful situation where i can't withdraw my funds because i need to do a KYC and they are rejecting it because i need to provide more personal information which is really not good because i am providing my details more in the internet.

And some exchanges are doing delaying tactics when making a withdrawal on my account and it would take 3-5 days before it complete. That's why i onky chose exchanges that is really has a good review and if its good to keep my funds withou any hassle.

[1714640960]

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[1714640960]

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[1714640960]

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[Findingnemo]

I want to express some kind of scam happening with localbitcoin even though they have lot of security measures to save people from getting scammed.

I am trading too often on localbitcoin and there are some newbie will use you for laundering their money into bitcoin which was mostly happens through hacked account or unverified account,I didn't lost any money for this but there are some people who faced legal issues for their income transactions.

[SheriffEl]

I've experienced a stressful situation where i can't withdraw my funds because i need to do a KYC and they are rejecting it because i need to provide more personal information which is really not good because i am providing my details more in the internet.

And some exchanges are doing delaying tactics when making a withdrawal on my account and it would take 3-5 days before it complete. That's why i onky chose exchanges that is really has a good review and if its good to keep my funds withou any hassle.

May i ask which exchange is that? I have to do KYC too as leaks on the internet are everyday problems. I believe that one of the main points of cryptocurrency is being anonymous.

[nelson4lov]

I've only had one bad experience on an exchange. The name of the exchange is Liquid (previously QUOINE). I created an account there and sent some TPAY (Tokenpay) as it was one of the 'big' exchanges that listed TPAY at the time. However, I faced a major hurdle when I tried to withdraw. The exchange has a policy not to allow a withdrawal unless KYC details are submitted and approved. It took me a little over a year to get my account approved before I was able to withdraw my funds. My experience was nothing to write about as I was frustrated at most points duly to how they continously declined my ID documents throughout 2018. They approved my account  in 2019 via the same ID documents they've been declining since early 2018.

[the rise]

Darbfinance, at first this exchange seemed potential and was supported by many supporting partners, the staking program also worked well in a few months, after I was smooth with Kyc requirements and had made a deposit. they suddenly give an announcement to suddenly close the operation and ask users to move their assets. I did not understand what they were thinking because they seemed to intend to just finish after enjoying their coin sales funds.

[Polar91]

Hello

I'm wondering if you ever had a bad experience with crypto exchange, what was it and which exchange?

Feel free to share all kind of stories.

I already had. What happens is that they hold my withdrawal in which I needed urgently. I have no choice but to wait until their evaluation has been concluded. What worse is that they required my to complete verification in their given time so that they can verify my identity and then process my withdrawal. This incedent is too inconvenient to me and hoping not to happen to anyone.

[Drai]

Since I started trading, I have had bad experiences with just 2 exchanges in the past.
1. COSS: I made a deposit in the exchange but my deposit didnt show in my account, I fired the support an email and after some weeks, they replied and told me to have patience because some deposits take time (imagine after 2 weeks) and I replied them that they should rectify it because it has been weeks since the incident happened, they didn't reply that mail until over a year after I sent it, very terrible exchange.

2. Coinegg: I had some tokens I wanted to sell in Coinegg, after selling the tokens, I discovered that I couldn't withdraw without completing the KYC process, so I tried to do it and they rejected it, they specified that I had to use an international passport, even my national ID card that I used to pass in all major exchanges got rejected by them, j have the passport but I just don't to use it, the funds was small so I just left it there.

[~Money~]

my worth experience had been on Crypto-Bridge which had killed one of my favorite alts

aside from their awful interface, high fee and slow servers,  they did messed on a project by staking with all deposits of users and a clever smart-A kid got all those staked coins and killed the altcoin price from 0.01btc to 0 by cleaning the sell wall of orders

that was a project i was counting on too much, developers had been forced to swap their coins to a completely new network to try to fix the mess but ...

there was my nightmare on crypto world since i have joined