omar Posted July 9, 2017 Share Posted July 9, 2017 Since exchanges like Poloniex are susceptible to hacks, why do people trade their instead of exchanges like Gatehub? Link to comment Share on other sites More sharing options...
Hodlezerper Posted July 9, 2017 Share Posted July 9, 2017 Well, for one, Poloniex trades a helluva lot more currency's than Gatehub. Gatehub is also in Europe. Poloniex is in the United States. There are considerations there for banking, account approval, wire time, etc... Link to comment Share on other sites More sharing options...
dav3 Posted July 9, 2017 Share Posted July 9, 2017 maybe because Polo has bigger vol of xrp Parabellum 1 Link to comment Share on other sites More sharing options...
Guest Posted July 9, 2017 Share Posted July 9, 2017 Who knows for sure, but my guess would be that there's a larger amount of pairs available on Poloniex giving users the ability to exchange almost anything for anything with just a few mouse clicks. Also, for a while the price on Polo was a little higher than on Gatehub, largely due to speculation and trollbox-induced panic buys. Since the trollbox was removed this has since changed. Link to comment Share on other sites More sharing options...
wildbull1984 Posted July 11, 2017 Share Posted July 11, 2017 On 7/9/2017 at 2:52 PM, MrRippillionaire said: Who knows for sure, but my guess would be that there's a larger amount of pairs available on Poloniex giving users the ability to exchange almost anything for anything with just a few mouse clicks. Also, for a while the price on Polo was a little higher than on Gatehub, largely due to speculation and trollbox-induced panic buys. Since the trollbox was removed this has since changed. Nothing to do with the Korean exchanges opening? Link to comment Share on other sites More sharing options...
Guest Posted July 11, 2017 Share Posted July 11, 2017 No KYC requirements, you can just send bitcoin and start trading plus they have Tether option instead of true USD, very smart and the network effect you get from btc and altcoin traders not wanting to submit docs etc obviously when it comes to cashing out, everyone gotta go through KYC, ID steps but polo has cornered the "millions of pointless coins" market Link to comment Share on other sites More sharing options...
Guest Posted July 11, 2017 Share Posted July 11, 2017 plus let's not underestimate the lure of the TROLLBOX! Link to comment Share on other sites More sharing options...
kyriediculous Posted July 11, 2017 Share Posted July 11, 2017 Because on gatehub anything other than XRP is an 'I owe u' (IOU) Link to comment Share on other sites More sharing options...
Guest Posted July 11, 2017 Share Posted July 11, 2017 23 minutes ago, kyriediculous said: Because on gatehub anything other than XRP is an 'I owe u' (IOU) so is btc trading on poloniex only diff is they "secure" the funds from you first as a deposit during actual trade, it's not actual btc, eth, xrp, etc all cryptocurrencies are too slow for serious trading, so they always use internal ledgers Link to comment Share on other sites More sharing options...
kyriediculous Posted July 11, 2017 Share Posted July 11, 2017 54 minutes ago, zerpdigger said: so is btc trading on poloniex only diff is they "secure" the funds from you first as a deposit during actual trade, it's not actual btc, eth, xrp, etc all cryptocurrencies are too slow for serious trading, so they always use internal ledgers True but on gatehub the IOU's are third party liquidity providers, not the exchange. Link to comment Share on other sites More sharing options...
Leo Posted July 13, 2017 Share Posted July 13, 2017 Stay away from Polo in case you are not from USA. The last time I tried trading there I lost 20.000 USD just because the Polo freezed again. I know most of the exchanges are very busy and have similiar problems, It has been more than 2 months I didn't get tier 2 verification. And the support never responds to your questions. Absolutely use 2FA there . Well I guess that's valid for all exchanges to lower the risk. Just for your info. Stay away! Link to comment Share on other sites More sharing options...
coinjester Posted July 13, 2017 Share Posted July 13, 2017 Until exchanges can work on speed—the fastest ones with most liquidity will be a necessary evil. It boggles my mind why more don't invest in machine learning to automate a reasonable portion of KYC requirements. Not that hard. Link to comment Share on other sites More sharing options...
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