I used BlockTardes when I came into Steemit- Forced to on the way out.

in #exchanges7 years ago

Seems there is no other option still.

blocktards

I came in with heavy deposits and lost big using blocktrades - approximately 400 dollars on every single deposit just because they wanted a few extra dollars using wrong price quotes.

I could have transfered the same 10 bitcoins to Poloniex (a reputable exchange at the time) and then to Stemint, but that would have only allowed $2000 dollars per 24 hour period and I as powering up fast. I put in over $400k in within a couple weeks. Not a chance to get that kind of money into Steemit fast and fight the good fight via any other method except elbow-deep-in-my-as- blocktrades.

Here I am again. It seems that Blocktrades has decided to quote within forty cents of the real figures for some coins that I have checked (not 20 dollars off on each as before.) morre info on lack of optoins in a bit.

Now there is a new danger.

I have written once about this an I will write about it again and again.

Steem connect routinely asks for your owner key.

I have never eve used my owner private key except the 1st day that I signed up.

You need your owner key for only 3 things:

  • Day one, to get your positng and active keys
  • In case someone gets your posting or active key - to change those
  • in case of a bad hard disk - to recover your account.
    these are similar reasons to use any private key for any real crypto currnecy.

Choose "manual transfer" until they stop this none-sense!

Yes. Blocktrades is offering to accept your owner key as if a fee isn't good enough to stay in business, No, as if a fee and a quote well biased to their side isn't enough to stay in business. No, they need your main, active or owner key to make a trade "easier for you". I think I can handle a destination and and amount and a memo to do my transfer, the same as I would for @booster or to pay someone in Steem.

tradetards.jpeg

Steem Connect and Steem related sites such as DTube

Have both asked me for my owner private key and I have never entered it.
I have written about it. Since then, there is an option to enter and active key, giving anyone who intercepts the key the ability to empty my Steem, SP and SBD as easily as I can.

This is not right nor acceptable

Any one key and your Steem is gone.

The downfall of crypto comes...

When sites just ask for the top level private key and people paste it in.

Just simply asking for the key which allows your money to be taken is criminal!


Exchanges...

Here is a run down on options if you are invested in Steem or SBD :

There is the six month wait to have a deposit credited to Poloniex, if you have a problem ticket open.

The Government boot on the neck of bittrex to get my documentation and they will not let you take out any money till you give it up.

Lots of new scammy / referral linkish new exchanges that want your crypto. Shapeshift has Steem and SBC on Temporarily Disabled for over a year - Thanks Erik Voorheese
Changelly was open today but Blocktrades beeth them Current Steem $3.33, BlockTrades $3.03 (minus fees) and Changelly $2.92 I was actually shocked to see Steem on the list as my steem has been locked in a brokent gateway for over two months, I have been looking for a place to change a little steem out.

Then most sadly. Bitshares let me watch as bitcoin hit 19k and go back to 7k and up again near 10k while my Steem and SBD deposits were stuck in some heavy duty gateway maintenance thing. They were open when I made the deposit!!

The lack of any reliable exchanges to deposit or withdraw steem/SBC (waiting over two month s for a broken gateway on bitshares with a snyde remark in the support ticket which has been closed over and over as if solved, though my money has not arrived in the exchange. I bit my tongue for over two months now. And I am finally, sadly, speaking out.

Hi Htooms,
Please read this article https://blog.openledger.info/2017/12/18/openledger-official-web-sites-get-updates-by-the-first/
As you know the STEEM and SBD gateways are under maintenance https://blog.openledger.info/2017/12/29/golosgbg-steemsbd-gateways-are-temporarily-disabled/ since 29.12.2017

Your funds are already at r8tvw3-d940-df6jzent-6q23gjds and b6z6q9-d940-4p0d0jqj-63n4hpvv, but you will be able to see them only when gate will be opened. So you just need to wait.

Dated January 24th, 2018


Oh how I really wanted bitshares to be the solution

I really wanted this to be the place that takes off as more and more .com exchanges get hacked. Most sites are disabling Steem and SBD. Other sites have no history. They are way to new to consider using.

So here are our choices.. and the problems with each


1 Upbit : Too new to trust
2 Bittrex : Government Forcing all to submit Documentation
3 Binance : Too new to trust
4 Upbit : Too new to trust
5 Poloniex : Not trustwrothy. Holds deposits for six months at times.
6 Binance : Too new to trust
7 Binance : Too new to trust
8 OpenLedger : Deposit gateways have been closed for over two months
9 Poloniex : Not trustwrothy. Holds deposits for six months at times.
11 OpenLedger : Deposit gateways have been closed for over two months
12 OpenLedger : Deposit gateways have been closed for over two months
13 OpenLedger : Deposit gateways have been closed for over two months
14 Shapeshift: Steem temporarily disabled since I joined Steemit
15 Changelly: Steem temporarily disabled since a month after I joined Steemit

Edit: Changelly is up but paying way less than blocktrades today.

Sad state of affairs.
Please steer around any site that asks for "main" or "owner" keys.
Don't give anyone access to your (pick one)coin private keys either.

--
Thanks for taking time...

Remember. Your job is to make sure people know that simply putting it "on the blockchain" does NOT mean that it is on the Bitcoin (or another reliable decentralized) blockchain.

No longer posting my Open Lendger or Bitshares link. I will be un-boarding one trader per month - halting any new on-boarding until the gateways for deposits are fixed. I have 50 traders that were buying bitUSD from me via bitshares- 6 to 10 of traders per month. and they will all go back to Dash and Ethereum purchases.

Sort:  

Well i have i have experience some tie down on open ledger but i was forced to convert my steem and sbd to bitcoin then transfer them to bittrex. I don't have problem with bittrex asking for documentation i think they are just trying to operate in a more professional way in case there is problem in the future as the document can be use to serve as prove of ownership of asset.

If you were an American citizen then you would surely have a problem with it. If you had millions you would definitely have a problem with it. If roun riverstones suddenly became valuable, they would want one out of every 5 you collect. I say - Go to the river and get them yourself.

I lost few hundred dollars as well today because of block trades :((

That's why I have been wary to join DTube or enter my key for anything other than Steemit. Seems too risky and my account barely has anything in it. Maybe having a secondary account specifically for other sites makes sense so if they get hacked then hopefully the main account is protected. I use blocktrades all the time and I appreciate how easy it is to use, but I definitely still do the "old way" of pasting memos.

I have given my active and posting keys out to sites (bots) that use them for good. But all my steem is in SP. I monitor those accounts weekly to see if anything is disappearing. If so, then out comes thei Owner Key and I change the other two. Risky, I know but never put more on line than you are able to lose. For me that figure is 200k in a single account. More than that and it would bother me to lose it.

Hi @htooms, as it is already posted on your post and I have also encountered many problems on both bittrex and in poloniex !, but are you sure that the best optional blocktrades for steam exchange or sbd?

Thanks for that info - it is a long post but an informative and important one so I took the time and read it though, then I went right away to steemd and checked what privileges have been granted by me to dmania, busy and so on and I am happy to say it's only the posting key :) so I'm calm now.

it's frustrating that a person can't have a normal private way to trade crypto - in my country people often just meet and transfer crypto for cash but it's not practical for very large amounts of crypto I guess :/
I hope Bitshares will get things working again - I really like this service.

I hae customers who buy crypto who are changing to a new account because they have unwittingly given out their 'Owner Key' . Why? Because they were asked for it.

This is a shame.

Very informative information shared @htooms. I don't mind this issue. Now I updated and need to find more. Thanks.

@htooms, That's extremely very supporting post to steemians how to see big issues in blockchai. I'm sorry for hear about your lost. I guess now you're solve those problem. Yep... there is a new danger I've seen after looked your blog. Thanks for your recommendation.

Wow. Thanks for the headsup. Seems bittrex is the most reliable and affordable exchange site

I first used Poloniex to conduct transfers but they lost some of my SBD so I ditched them. Currently I usually use blocktrades to transfer in or out of Steem/SBD but due to Blocktrades inaccurate pricing I’m slowly beginning to consider switching to Binance.

As an exchange Binance is older than Blocktrades, Binance has way more volume so the withdrawal/trade fees are enough(no exchange rate tricky). Also Binance is way more reputable with its ceo being a publicly know figure. The biggest issue I see is that to Binance Steem is just another crypto so issues might get fixed slower.

Excelente trabajo, esto abre los ojos a quienes comenzamos. Gracias!

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