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RE: Poloniex Crashing? $67,877+ in Unconfirmed Steem + SBD Deposits!
this to me is bullshit.
I have at times up to 60 btc on polo, withdrawing daily around 10btc, no issues so far last months... do not understand why you think they would be insolvent. steem is not a very relevant currency in the total balance sheet of them anyway.
Alttrader you obviously suffer from selective reading. I have a fully verified level 2 account. I have had it for about a year. I have made withdrawal requests since May. None have gone through. Just stuck in awaiting approval. I have made support tickets to no avail.
Like I said. There are people who will withdraw fine. But a growing number of people can't . If you look at what happened in the last with gox and what happened leading up to them shutting down, it's no different. For me it might as well be as if they defaulted because I have never had to wait 45 days and counting for a custodian of my money to release it to me when I request it. Let alone fail to communicate to me in the slightest.
I use a bunch of exchanges. At no other exchange do I encounter withdrawal that is "temporarily disabled". It's bizarre and very recent. I'd been using Poloniex for eighteen months prior to to this happening in the past two months.
No exchange should limit you at all to how much of your money you want to withdraw! To me its bull shit one can only withdraw only 10 BTC and not an entire wallet to put into cold storage. That right there is red flags to me. Withdrawing entire balances on coinbase, kraken, or CEX.IO are never limited especially for crypto.