/biz/ - Business & Finance

[Anonymous No.52753119]

Exchanges are using a new tactic to prevent people from withdrawing their crypto.

All they have to do is label your account or activity "suspicious", then they can just lock your account for months at a time, preventing you from transferring your crypto off the exchanges.

The most regulated exchanges do this and there is absolutely nothing you can do about it. They basically hold your money and crypto hostage.

So much for decentralization when the fiat on and off ramps can just freeze your shit for no reason.

[Anonymous No.52753128]

>>52753119
Crypto has unironically speed ran the commodity lifecycle

It's over

[Anonymous No.52753143]

>>52753119
>What is peer to peer trading

[Anonymous No.52753154]

>>52753128
>>52753119
it is called supply shock and that is what happens on the bottom

[Anonymous No.52753287]

What is wrong with you absolute retards not using on/off ramps properly?

You are supposed to transfer it to a private wallet IMMEDIATELY. And never leave more than 5-10k at a time on the exchange. Also make sue to have a backup exchange as well.

I swear you people deserve to get rugged.

[Anonymous No.52753302]

>>52753154
It is called scam and that is what happens when you put money in

[Anonymous No.52753340]

>>52753287
They almost immediately locked my account before I could transfer it off.

I never had this issue before.

[Anonymous No.52753390]

>>52753302
Yeah, it is all a scam.

Coinbase is now charging $1,000 fees just to buy and sell crypto on their exchange, even if you use their advanced trading section.

[Anonymous No.52754454]

How are exchanges allowed to do this? Especially Coinbase, when they have FDIC protection and are highly regulared?