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RE: Many Crypto Exchanges NOT Taking New Registrations!
I dont understand why they just dont accept everyone. Just increases the flow of money into their exchange.
I dont understand why they just dont accept everyone. Just increases the flow of money into their exchange.
You don't understand companies can't work if they don't have enough staff? Those documents aren't going to check themselves.
Million dollar exchanges can hire enough staff to check documents. Trust me
That's not how it works @vynchy. You don't just hire people and they work. People need to be hired and trained which is going to take a significant amount of time. You also have to consider the server upgrades that may affect the website. I used to work in data centers, and scaling projects could take hours, if not days.
There are tons of security issues that need to be thought about as well. At the companies I worked for, there was only a certain threshold where we could come in and upgrade people's systems because of business hours. However, these exchanges operate 24-7. How do you scale a system like that and keep it running at full speed?
Thanks and true you made some good points i agree
They can ... but not fast enough! - It really is hard to deal with such exponential growth!
But they certainly want all our business so will be upscaling as fast as their budgets allow!
I agree with you @icedrum. It's not that they want to shut out the world. It's they won't be able to operate if they let the world in! The downtime is necessary for scaling purposes. Businesses can't just expand at the snap of fingers.
You have never ran a business right? They have x amount of staff and have recently seen a huge wave of people coming to their site. It's like 100 000 people a day. Even if you have millions you can't get new competent staff for a few days. Also stuff like passports is sensitive data at least where I live. You can't have any random dude checking them unless you want a few identity thefts coming from your exchange.
Hello Gothika
I just enrolled with all the exchanges above today! Try now with those links and you will be able to get your account today.
ask if you need any help :D
Somewhat tellingly a lot of these exchanges with closed new registrations have USDT, or tethers, available to users, and the tether terms of use now forbids US customers from using them. Very bad sign for the future of these exchanges, and nearly certain to impact price of cryptos in general as they include some of the highest volume exchanges.
That's because Tether is a scam until proven otherwise. Why won't they let a reputable, well known accounting firm audit their accounts to make sure the actual USD is there? Why won't they disclose which banks the money is deposited in?
I would argue that these setbacks are only temporary for scaling purposes. Although different in nature, we're seeing how the problem of scalability impacts services. Take Bitcoin, for example. Now look at these exchanges.
Hello Vynchy,
Actually they would love to! But they are just unable to deal with the incredible demand of the last few weeks ... crypto is beginning to go MAINSTREAM and a huge amount of new investors and individuals are joining the gold rush - and rightly so!
Use my links above to join some of the few exchanges left open to newcomers!
Thank you Icedrum :D