Tag Archives: USA

Bittrex removing Bitcoin Gold, Private & Bitshares

On October 6th, 2018 Bittrex announced they’ll be delisting Bitshares, Bitcoin Gold, & Bitcoin Private.

As a valued Bittrex customer, we wanted to inform you that on November 5, 2018, we are retiring wallets that do not have markets, including Bitshares (BTS), Bitcoin Gold (BTG), and Bitcoin Private (BTCP). Our records indicate that you have a balance for at least one of the wallets being retired.

To keep your BTS, BTG or BTCP assets, you must withdraw your balance before Monday, November 5, 2018. After this date, your assets will be unrecoverable.

Wallet removals are a routine part of our ongoing platform management for performance and operational efficiency. For additional information read the related support article at: https://support.bittrex.com/hc/en-us/articles/360001391586

… I just found this email today in my spambox, so I contacted Bittrex support to ask how I can withdraw my coins, they said: “there is nothing more the support team can do to recover these coins”.

exchanges, exchanges! Another reason why you should not store coins on exchanges!

Coinbase account terminated

On June 11th I received an email from Coinbase about account problem. I login to my Coinbase account to see this message:

NOTICE OF ACCOUNT CLOSURE
Unfortunately, we had to close your Coinbase account. Before your account can be closed, you will need to withdraw your digital currency to an external wallet and any other funds (such as USD) to a bank account associated with your Coinbase account. Please take precautions when transferring digital currency to an external wallet, as transfers outside of Coinbase are irreversible. Please also be sure to delete any external references to digital currency addresses generated by Coinbase, as funds sent to those addresses will not be accessible once the account is closed. If you have any questions you may visit https://support.coinbase.com.

I quickly submitted a support ticket

My message: “Hi, i see my account is being closed, i had no warning and i’m not exactly sure why this is happening, can you please explain?”

Coinbase reply: “Thanks for contacting Coinbase Support. I’m sorry to hear your concern regarding your account closure. Let me help you with this one.

Our primary goal is to make our platform safe and secure for our customers. Coinbase is a regulated Money Services Business under FinCEN (FinCEN.gov), and as part of our responsibility, we are legally obligated to implement regulatory compliance mechanisms.

We regret to inform you that we are no longer able to support your Coinbase account as well as any other accounts you may have created. Please note, we have not blocked access to the balance currently in your Coinbase account; while we can no longer process brokerage orders via our banking relationship, you may still send your balance offsite to an external address.

There are a variety of factors which have been weighed in your case, and we unfortunately are unable to elaborate on our internal decision process. Please know that we do not make these decisions lightly, and do regret losing you as a customer.

We wish you all the best in your future endeavors. Thank you for your understanding. Please reply to this email if you continue to have issues or need help with anything else. Take care and have a nice day ahead.

Best regards,
Ron”

I have since seen more people had accounts closed on this Reddit thread including GAB & Wikileaks.

Coinbase, what has happened to you, terminating legitimate 5 year old customers accounts, and more importantly not giving any reason!!! bad bad.

The upcoming Segwit2x situation

Get ready, prepare your bitcoins! Make sure you’re storing them on a Segwit2x supportive exchange, Ledger Nano or Trezor.

I was going to research the exchanges and make an informative compiliation but it looks like BitcoinMagazine has beat me to it, luckily! haha. If your exchanges are these:
Bitfinex, Bitmex (awesome stance on s2x), Bitstamp, GDAX (Coinbase), Bitflyer, Kraken, HitBTC, Bitcoin.de, CoinsBank, Cex.io, itBit, Gemini (Winklevoss’ exchange), Coinfloor, BTCC (Chinese), BitMarket, QuadrigaCX (Canada), Mercado Bitcoin (Brazil & Argentina), Bitso, The Rock Trading, & EXMO … then check the detailed descriptioins of those on BTCmag here.

Others that have not made statements yet about the upcoming segwit2x (B2x) UAHF are: Mercatox, OKcoin, & Binance.

But also make sure to check your exchanges own blog or announcements pages so you can hear it from the horse’s own mouth.

US Citizens troubles with Bitcoin exchanges

So recently I wanted to test out the Bitmex trading platform, and as I tried to begin by depositing bitcoins into my account, I get this message:

Due to local laws, BitMEX is unable to service your country (US). We cannot accept deposits. If you believe this to be in error, contact us at support@bitmex.com.

While any US citizen using Bitfinex (imho the best bitcoin trading platform around) know that they are terminating all crypto transactions from ALL US individual customer accounts:

“we are terminating trading, deposits, and withdrawal functionality for U.S. individual customers by no later than November 9, 2017.”

from this post.

WTF is going on??? I would love to hear your informations or opinions on why this is happening, is Trumpland USA really fucking shit up internationally?

/Rant

Withdraw Bitcoin Cash from your Gemini account

Great work Gemini!

Today we received notification from Gemini that they’re allowing a 1-time opportunity to withdraw all of your Bitcoin Cash (BCH) to an address of your choosing. They mention the withdrawel would be completed within 5 business days of your request.

Their email:

Bitcoin Cash (BCH) Withdrawals Are Now Available!

A little over a month ago we published an announcement regarding our ongoing engineering efforts to allow withdrawal of bitcoin cash (BCH) for customers who had bitcoin balances at the time of the chain split.

We are pleased to announce that as of Saturday, October 7, 2017, Gemini will allow all customers to view their BCH balance and request a withdrawal via the BCH withdrawal request page. If you choose to request a BCH withdrawal, your entire BCH balance will be transferred to your chosen withdrawal address.

BCH requests are not sent onto the blockchain immediately. The first time we will process all submitted BCH withdrawal requests will be Wednesday, October 11 at 1pm EDT. After that point, requests will be honored within 5 business days from the time of your request. Example: If you request on Saturday, October 21, 2017, your transfer will be executed on or by Friday, October 27, 2017.

Although we do not currently have plans to open order books for BCH trading, we will continue to update our customers as the BCH situation evolves further.

Thank you for your patience and understanding throughout the implementation of this withdrawal feature. If you have any questions, please contact us.

Onward and Upward!

Team Gemini

I withdrew mine ASAP, after withdraw they post this message:

We have received your instructions to send your entire Bitcoin Cash (BCH) balance of XX.XXXXXXXX BCH to >>>>>>>MYADDRESS<<<<<<<<.
The withdrawal should be processed within five business days.

Your balance is calculated based on your Bitcoin (BTC) balance at the “Hard Fork”.

If you have any concerns, please contact Gemini Customer Support.

You can read more about this on their announcements blog here.

UPDATE about Gemini and Bitcoin Cash (good news)

Great news! August 23rd Gemini posted on their blog about probably allowing for Gemini users to withdraw their BCH within a few weeks. Great to hear about this Gemini & Cameron Winklevoss 🙂

We have been receiving a few questions regarding the custody of our customer’s Bitcoin Cash. Because of Gemini’s fiduciary obligations under the New York Banking Law, which we take very seriously, we are going to great lengths to ensure all of our customers’ assets on a forked blockchain, like “Bitcoin Cash,” are preserved. Under no circumstances will we capture those funds for our own use. Instead, as stated in our August 3rd blog post, we are focusing our engineering resources on (i) ensuring that our customers’ funds are secure and not susceptible to theft (e.g., replay attacks), and (ii) building a withdrawal mechanism.

In the coming weeks, we will open a facility to allow customers to withdraw (probably on an all-or-none basis) their BCC balances to an off-platform address of their choosing. This is conceptually what we did for the ETH/ETC fork as well, which you can read about in a previous post.

Read more about that on their announcement page here.

No Gemini follow up about Bitcoin Cash

gemini-bitcoin-cash-nothing

Some of us bitcoin holders held bitcoin in Gemini exchange during the Aug 1 fork, we knew Gemini was not supporting Bitcoin Cash, but after the fork and BCH/BCC become quite a valueable coin 99% of non supportive exchanges have since announced they will distribute Bitcoin Cash for their users, some have immediately (Poloniex, Cex, etc), some announced they’ll be distributing later, like Coinbase announced they’ll be distributing in January 2018.

Surely every non-supporting exchange had pressure from users, hoping and requesting they get BCH, Gemini ended up posting this on Aug 3 addressing the BCH forking issue on their blog:

Since the “hard fork” on August 1st, 2017, we have been monitoring the situation closely. Currently, Gemini does not support trading or withdrawals of the newly forked chain (BCC / BCH / BCash). As we first wrote on March 20th, 2017, and later updated on July 26, 2017, we will make every effort to support withdrawals for the chain with less total difficulty (in this case BCC). As a result, we are currently working on a technical implementation for a one-time withdrawal of BCC for our customers. With that said, any modifications we make to our digital asset storage system (including support for a one-time withdrawal), are made with extreme caution and require extensive security review to ensure the integrity of our customers’ assets. We appreciate your patience and understanding as we take the next few weeks to build this functionality in a safe, secure, and responsible manner. We will post material updates when we have them. If you have any questions, please contact Gemini customer support at support@gemini.com.

So it seems like good news, but after emailing them at their above support email, asking for an update on this situation, they responded with this generic response:

Thank you for reaching out. Currently, Gemini does not support trading or withdrawals of the newly forked chain (BCC / BCH / BCash). We have been monitoring the “hard fork” situation closely and are currently working on a technical implementation for a one-time withdrawal of BCC for our customers.

Any modifications we make to our digital asset storage system (including support for a one-time withdrawal), are made with extreme caution and require extensive security review to ensure the integrity of our customers’ assets. We appreciate your patience and understanding as we take the next few weeks to build this functionality in a safe, secure, and responsible manner.

Material updates will be posted on our blog here: https://gemini.com/blog/update-bitcoin-hard-fork-bitcoin-cash/. Please let us know if you have additional questions.

It’s actually copy and pasted from their blog. 🙁

Gemini! It’s August 21! Can you please update us, many of us have been loyal customers and would appreciate an update on this situation.

SEC decision on Winklevoss ETF is today!

The SEC is going to make their decision to approve or deny the Winklevoss ETF (exchange-traded fund) today.

Place your bets! Do you think they will approve, or deny?

SEC-approval-onehash

Winklevoss’s own the Bitcoin exchange called Gemini, NASDAQ: COIN.

Good luck to them, and to bitcoin for this monumental event!

EDIT: The SEC did not approve the ETF 🙁

Coinbase adds instant Paypal buy/sell payment option

Coinbase adds instant paypal or debit card payment/selling options

Coinbase adds instant paypal or debit card payment/selling options

Today Coinbase announced they now allow instant sell bitcoins through Paypal at 3.75% sell fee. You can also instantly buy with your debit cards at a 3.75% buy fee. These are both instant. American citizens can still always buy with your verified US bank accounts for 1% buy/sell fees, with higher limits, but these usually take 4-5 days to complete.

If you don’t have account already, Join Coinbase here.

Good news to have more options, but Coinbase, myself and many other bitcoins are begging you, please let those fees become more comparable to Bitstamp and Gemini, more affordalble!