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(author here) I originally submitted this with just the second part of the title, 'cos Part 1 doesn't deliver on "why you can't cash out". I expect two or three
by davidgerard 9y ago
(author here) I originally submitted this with just the second part of the title, 'cos Part 1 doesn't deliver on "why you can't cash out". I expect two or three more parts, that answer the question: KYC/AML, oddly-convenient ineptitude, and hoo boy Tethers.
- 6nf 9y agoThis article is completely overblown and full of made up nonsense. It's super easy to sell BTC and on a decent exchange like GDAX you can sell a million dollars via market order right now with less than $100 slippage. That's 0.5%. They will then send it to your bank account in 24 hours no problem whatsoever. I don't know where you are seeing a 5% spread but certainly not on the major exchanges. Spoofing and all that nonsense doesn't prevent anyone from selling at a decent price, I know this for a fact cause I've done it multiple times in the last few weeks. You should buy and sell some BTC on a big exchange before you make these nonsense claims.
- josephagoss 9y agoTethers are total crap, please do an article about them.
- aedron 9y agoThe article does read mostly like sour grapes. "T-T... They're never gonna get that money anyway!" Some examples are plain false (calling "thin" volume when several exchanges see a billion dollars a day). If the point was that banks will not let you transfer out of the exchange, the exchange will hose you, or your tethers will prove worthless, then the article should have just made that point. BTW the first two are false, obviously no experience actually dealing with big money crypto. WRT to tethers they look like a fraud but only represent one inferior exchange.
- neinnein 9y agodamn u dumb