Search the Community
Showing results for tags 'delay'.
This is my first post. I'm new in the forum. Heck, I'm a new XRP holder because for years I used to be a hater, sticking to BTC and LTC Until a month ago. But I'm not new in crypto. I bought my first Bitcoin for $12 and was lucky enough to turn a $2000 in 2012 investment into $?00K by hodling, trading and hopping between BTC, LTC and ETH. Now, I know that my knowledge about Ripple and XRP is not like many of you, and I enjoy reading your posts and tweets. However, I have learned something during years of trading that you might want to consider. Straight to the point, some exchanges have proved their liability in years. You can deposit and withdraw XRP in Bitstamp or Kraken within seconds, but same process in Poloniex or Bittrex takes a long time depending the amount of coins; Currently, if you withdraw 100,000 XRP from Polo, it takes minimum 2 hours. There should be no additional confirmation delays if you have 2FA and email approval link, especially if you are withdrawing to same wallet everyday. So, there must be different reasons that makes this delays. I want to conclude this post with suggesting to withdraw most of your XRP to your own wallets and that not only gives you better security and peace of mind, but ALSO IT WILL HELP TO PUMP THE PRICE. And it doesn't matter if your exchange is trustworthy as your own eyes. Here are merely my thoughts, and I'm not accusing anyone, but it's not bad to be a bit suspicious. Perhaps the exchange doesn't trust it's code or infrastructure, so has to manually verify each request. If that is the case, then why you should trust in something that the owner of it doesn't. Don't wait for a "massive hack" news. Some of you might argue that it's because the exchange has to take the coins from their cold wallets. That might be true for massive coin moves like more than %5 of total deposited coins, that is definitely much more than maximum level 2 daily limit which is $25000. Another reason could be that exchange is short on balances due to theft of untold hack, so they have to buy or sell some other coins to obtain your requested XRP. I am a victim of Mt.Gox but fortunately, my claim is only 4 BTC. I witnessed how Mt.Gox delayed the withdraws and held the wire transfers weeks before it's epic closure, and I'm grateful for my suspicious mind that made me to move almost all my coins to Bitstamp and my cold wallet. Let's be a bit optimistic. Maybe the exchange is using our coins for margin lending, and investing on other coins? If that's true, then they are DUMPING our XRP to get BTC for lending, or other coins that they know will be pumped in near future? If that is the case, would you let them that happen? Do you like to see your coins go to a downtrend because of exchange's manipulation? So, if you take your XRP out of the exchange, they have to buy it back and it leads to price improvement. Finally, regardless of the exchange trustworthiness, reducing the exchange's available volume would unbalance the supply-demand scale. In other words, shorter supply would cause more demands. This is not a significant factor but even a few percent improvement is better than nothing.
Guest posted a topic in Problem SolvingHi All, I bought some ethers on coinbase last night, and transferred to my gatehub fifth ETH wallet. It has been more than 9 hours. The coinbase says the transaction was complete, but there is nothing on my wallet at gatehub. I took a look at the transaction and realized there was an outgoing transaction 4 min after the incoming one. I did not authorize this outgoing one at all. I have been feeling really confused and worried. Anyone can help me out there? Thanks! https://etherscan.io/tx/0x93e047ee8a586e64cc0be91fc9c9425e52b4c58b006cf27607585f5b41c40475 https://etherscan.io/address/0xa0efc1436cfb71bb7d330e8f64f9656a728c8b24 Update 1: I think one of the possible reasons is that I do not have sufficient XRP on my account (29.9372). Could someone please send me a few and see if I can resolve this problem? Many thanks in advance! My address is r37wan4JpctcmBqmY6X2NEK7c7mnyd5VuQ
Hi guys, I'm pretty new to the community and started to use Gatehub recently. I made a transaction more than 2h ago exchanging BTC for some ETH and even though it appears in transaction status, nothing changed in my wallet (no BTC removed and not ETH credited). Any ideas about the average transaction time? I sent a mail to the support without any feed back yet. So i'm not even sure if it has worked or not. As on the other hand I changed XRP for BTC this morning and it took less than a 10 seconds which was impressive, i'm a bit worrying regarding the above operation. Thanks for any feed back about this matter!