PSA: STEEM Wallet on Binance Suspended for Withdrawals!
For start this is only for withdrawals, deposits are working fine.
Everyone who reads my blog knows i trade loads on Binance as its a top exchange with really nice UI and features. I have been busy last days so came today to check how STEEM looks there and found this. They are already top4 volume now!
To be fair, when deposits are allowed this stops situations with fake pumps. Its just little headache if you need cash out. IOTA network is suspended from withdrawals often too.
STEEMs Spot
For now we are top104 in volume but we are still a few days old coin and there was huge BTC dump yesterday. More volume will come soon im sure.
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What exchange do you recommend for converting BTC to XMR that has high volume?
pretty much every major exchange
For example I checked shapeshift.io, and their limit was 0.5 BTC. Are there others with higher limits?
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Just send BTC straight to Steemit.
That sucks. I thought Binance had everything together. There is not a lot of place to trade Steem at the moment. Why are they having so many issues?
Thanks for the info. I love Binance...
Binance is awesome, I am just excited for Robinhoods fee free trading! Like imagine that, no fee's is huge for crypto
Why did they do it?
It is a bad start.
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umm why they suspend steem wallet
Just send the BTC straight to steemit lol
Last I checked, Blocktrades charges 2-5% (implicitly, by their rates offered) for conversion to Steem, which is really really bad.
I posted about this as well.
One thing that I have observed is STEEM and BTS wallets are generally in maintenance mode for longer on many exchanges when compared to other coins. I am not sure what the reason is. Is it because there are less BTS and Steem in circulation when compared to other coins or is it because of some technical challenges with these coins.
Sometime I feel that it has something to do with the zero transfer charges. May be exchanges cannot make profits when people withdraw from their exchanges as the transfer charges are zero. If not it should be the easiest as Steem 3 second transfer rate and hasslefree when compared to other coins. What do you think? @kingscrown
Once the momentum starts it will be next to impossible to stop Steem, especially with this community. I can see platforms like the usual suspects that people use now ending up like Myspace and the other long, lost, and forgotten. Zhao Changpeng (C-Z) is definitely on my list of heroes!
Yeah, patience is a virtue!
Steem is going to Crush the market this year!!! Guys get ready for a massive Bull run very soon!!
Oh yeah!
I agree
I agree. I just realized the potential of steemit recently and this platform is going to be huge. LIke honestly this is amazing.
True especially in crypto
Yeah!
LOL memes on fire!
Yeah we're firing!
Get down!!!
Our community is growing, lets be happy and say "steemit"
To deposit from Bitshares to Binance al so not works