Quick Noob Question about Traders

[jets567]

I have 1.8 btc in total from two different trading sites. Its stored there. On somedays the websites work and is fully operational. hustrade.com and waxcoins.com

Does it have to do with server?

I know I might be answerings this question for myself, but it never hurts to ask.

I'm not a trader but based on the previous post from other users, they are not familiar with the exchange that you mentioned which is likely possible that your Bitcoin is at risk and it seems that you did not get any notification from them regarding the down time of their site which is very unprofessional thing to do as an exchange. I recommend you to withdraw all your funds if ever you have access again, good luck!

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[South Park]

I have 1.8 btc in total from two different trading sites. Its stored there. On somedays the websites work and is fully operational. hustrade.com and waxcoins.com

Does it have to do with server?

I know I might be answerings this question for myself, but it never hurts to ask.

Something I always find amazing is how newbies find those obscure exchanges and wallets no one has ever heard about, one of the easiest things you could do is to look on Google for the most popular cryptocurrency exchanges or something similar and you will obtain the websites of the most renowned exchanges in the industry, I really hope you can withdraw your coins without too much trouble and if you do then next time take the time to do your due diligence.

[Mahanton]

I have 1.8 btc in total from two different trading sites. Its stored there. On somedays the websites work and is fully operational. hustrade.com and waxcoins.com

Does it have to do with server?

I know I might be answerings this question for myself, but it never hurts to ask.

I dont know if you do just simply make some side advertisement here on these two unknown exchangers or not. 

If it doesnt work for sometimes then its already a valid indication that you should pull out your funds asap if you dont like for those funds
to be lost forever.It isnt even ideal on storing those coins on Binance which is the current top tier exchange as of now. Way too risky
on letting those funds sit into those exchangers you had mentioned.

[TrevorS]

I, like many here, for the first time I hear about such exchanges. Why are you even trading on such unsafe small markets?
You are new to the forum, that's good. Use the search, in particular on the branch of traders, there you will find all the answers to your questions.
Which exchanges are worth using, and which ones are best not to go. To be honest, I don’t understand how a person with 1.8 btc may not have experience with large exchanges.

[crossabdd]

no one is familiar with the trading site you mentioned here. I think you have to be careful. if it is an airdrop of the exchange, it is not possible (cannot be taken). if you deposit in that market, that's a big mistake. because you are not looking for information about the exchange first. whether they are scams or lost together, it can be assumed that they are made by the same person / team. so be careful when making deposits on trades. make sure it's listed in the top 10-15 markets.

[maydna]

If I were you, I would not choose both sites you mentioned because I don't know the site reputable. I prefer to select binance, bittrex, or even poloniex to trade because those three exchanges have a good reputation among the traders. Although bittrex and poloniex need the member to verify their account, that is worth for the member because they can increase the limit of withdrawing. But if you don't want to verify your account, then binance will be the only option to trade.

And regards of your 1.8 btc, I will withdraw all of the money to another private wallet and send some amount, for example, 0.8 bitcoin to binance so I can trade many coins in that exchange. I am sure with only 0.8 bitcoin, I can get the profit, and I also have a chance to increase the amount of the bitcoin so I will have more bitcoin by doing trading.

[iamsange]

I have 1.8 btc in total from two different trading sites. Its stored there. On somedays the websites work and is fully operational. hustrade.com and waxcoins.com

Does it have to do with server?

I know I might be answerings this question for myself, but it never hurts to ask.

With that amount of money, i will not store it in exchanges. Maybe create wallet at least online wallet if you don't have hardware wallet. Or maybe bigger exchange and make sure your account is safe like put 2fa and any security if needed. Create wallet, although it is online, at least you own your money and not held by  the site, like the site have full control with your money. (CMIIW)

[Japinat]

Storing your btc in an exchange is not advisable especially when the exchange is not so reputable.
TBH, this is the first time I heard the name of the exchange, it seems like that exchange is not popular so its possible that you btc is at high risk there.

[crwth]

I don't know if this is just clickbait or not. I highly think it's just a bait for people to register there and probably scam them or something.

Upon checking the site http://waxcoins.com/ here's my observation

• Not Secured Website (SSL, etc)
• There's a "Deposit fee" of 1%
  • It's indicated in their terms under DEPOSIT, WITHDRAW OR LOST VIRTUAL CURRENCY
  • I doubt that it's a typo, it's indicated in the F.A.Q. that they have 10% of the commission in withdrawals
  • There are a couple of mistakes there too
• There's a minimum deposit of $70

Never trust that site. As for the other one, I can't seem to open it.

I do think that it's like those Scam Messages that are being sent in Telegram or Discord that you register there and "Try" to withdraw something.

[Inkdatar]

I’ve once been a victim of scam in a certain exchange because of not good in terms of its security and not reputable exchange. I haven't heard these both exchange mentioned above and the fact you store a big amount of btc is very risky. Most suggesting here is never trust easily by storing your btc so better we should choose most top exchange and reputable one.

[Kevondo]

I have 1.8 btc in total from two different trading sites. Its stored there. On somedays the websites work and is fully operational. hustrade.com and waxcoins.com

Does it have to do with server?

I know I might be answerings this question for myself, but it never hurts to ask.

I dont know if you do just simply make some side advertisement here on these two unknown exchangers or not. 

If it doesnt work for sometimes then its already a valid indication that you should pull out your funds asap if you dont like for those funds
to be lost forever.It isnt even ideal on storing those coins on Binance which is the current top tier exchange as of now. Way too risky
on letting those funds sit into those exchangers you had mentioned.

I also have not heard about the mentioned exchanges so far and if the site is not functioning according to expectations, then the best is to leave it. Indeed, it is a server error but this shows how much they really are serious about investors. No backup plans, nothing. Binance had security issues which no system of the world can really avoid. Other than that, Binance is a good choice but still wallets are better.

[mersal]

It seems you are actually advertising for these two exchanges!

No one heard of this exchange so why we need to worry if they shut down their sites? If you really hold any bitcoins visit the exchange,if you were unable to access then you lost your funds.Lesson learned.

[Distinctin]

Not totally to think bad about these two exchanges but something I'd feel not really secured if your funds still there, better to withdraw it now or have regrets later.
For some reasons that I'd never see safety on there
* new exchanges ( most of them are scamming)
* don't have market reviews ( as I've looked it by now)

If you would like to invest and trade cryptos better to use reputable ones for you can see safety assurance out there.

[btc_angela]

I have 1.8 btc in total from two different trading sites. Its stored there. On somedays the websites work and is fully operational. hustrade.com and waxcoins.com

Does it have to do with server?

I know I might be answerings this question for myself, but it never hurts to ask.

I will advise you to take your BTC out of that exchanges and put it in a wallet wherein you have total control of the private keys. We don't know if you are promoting this site here, but obviously majority said that they never of this exchanges so there's a big risk that they could pull a exit resulting in your bitcoin being lost.

anyways, I hope this is not, Don't get tricked by hidden spam on this forum.

[leowonderful]

Dunno if you made an error in your post, but Waxcoins.com doesn't even seem to be an exchange at the moment- it's a jackpot-style gambling site at the time I'm visiting it (Nov 11 2019), and I don't think the site's ever supported trading.

As for Hustrade, seems like the site's a scam. The only thing I can find searching the term is an old Reddit post with no information leading to another now-deleted Reddit post about the site, and it's pretty suspicious that a trading site's been down for so long without any sort of update too. Try taking your coins out of the site if it comes back.

[jcpone]

I have 1.8 btc in total from two different trading sites. Its stored there. On somedays the websites work and is fully operational. hustrade.com and waxcoins.com

Does it have to do with server?

I know I might be answerings this question for myself, but it never hurts to ask.

In the first place you must use the platform exchange which has a good reputation in the market just like Binance, Huobi, and more, especially depositing a huge amount in unknown exchange that is very risky actually. Did you check it mate at the coinmarketcap if these platform are listed to top exchange anyway.

[goaldigger]

I have 1.8 btc in total from two different trading sites. Its stored there. On somedays the websites work and is fully operational. hustrade.com and waxcoins.com

Does it have to do with server?

I know I might be answerings this question for myself, but it never hurts to ask.

You hold big amount of bitcoin on unfamiliar exchange, mate you are risking big money on that and my advice if you can still withdraw your money please do it now and transfer it into good exchange before you experience big problem on that exchange. Btw I don't get what you are asking for? If the server of that exchange is having a problem then its very alarming or if that exchange works well until now, follow the advice of many users here always go for a trusted exchange.

[harizen]

Does it have to do with server?

Generally, yes. But technically, it shouldn't behave like that regularly providing it's a crypto trading site where having good servers is highly necessary. Unless some sort of direct attack is currently on progress, it should affect the site performance as a whole.

Now for the site you have mention, it looks like they aren't trading sites nor can we consider as a "safe" place to put our money. I don't know how you ended up on the site as it's not common for a person owning an around BTC1.8 or more to just put it anywhere without caution unless you have another purpose of creating this thread.

I hope you are not trolling those sites here because I doubt someone will fall on those.

[Apened]

I have 1.8 btc in total from two different trading sites. Its stored there. On somedays the websites work and is fully operational. hustrade.com and waxcoins.com

Does it have to do with server?

I know I might be answerings this question for myself, but it never hurts to ask.

I don't know what exchange you are talking about is it a new one or other exchanges that you can trade not only a crypto?
If they have a server downtime you should know it and see it what was the reason or you'd probably not informed about some downtimes. I suggest you should ask their support email them to know what qas the problem.

[South Park]

I don't know if this is just clickbait or not. I highly think it's just a bait for people to register there and probably scam them or something.

Upon checking the site http://waxcoins.com/ here's my observation

• Not Secured Website (SSL, etc)
• There's a "Deposit fee" of 1%
  • It's indicated in their terms under DEPOSIT, WITHDRAW OR LOST VIRTUAL CURRENCY
  • I doubt that it's a typo, it's indicated in the F.A.Q. that they have 10% of the commission in withdrawals
  • There are a couple of mistakes there too
• There's a minimum deposit of $70

Never trust that site. As for the other one, I can't seem to open it.

I do think that it's like those Scam Messages that are being sent in Telegram or Discord that you register there and "Try" to withdraw something.

What a bunch of horrible policies, a deposit fee of 1% and a commission of 10% by withdrawing your money, that means that before you have made any trade you are losing 11% of your money, I don't care how good you are as a trader that is a huge handicap that no newbie or average trader can overcome, and even if I think that a very good trader could do it why he should try it? He could deposit his money in a more reputable exchange which charges less fees.