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My favorite Crypto exchange is behaving odd. Coins not working, wallets out of sync, not updated, running on the wrong chain. Is the end of C-cex near? We need to talk about whats going on. So whats been going on at C-cex?
My once favorite exchange has fallen from mis-hap to disaster. C-cex opened it’s doors to traders in late 2013, by 2014 they where a fast growing exchange. Over the years they tended to focus on the smaller coins and tokens. A lot of them turned out to be scams, this I believe is due the the BTC voting system to list a coin or token asset.
Essentially anybody with enough BTC funds can “vote” their way on to the exchange. That being said C-cex has also included some real projects and coins, with real communities.
The scam coins over the years didn’t help their reputation however I personally traded the more legit projects like Dash, Doge, Uno, Burst, Nxt, Eth and so on. My experience with the platform was great. Like anything technical in life, problems surfaced over the years….
Feb 24 2014
Large problems with darkcoin (Dash). There still are some people out there talking about this after all years.
Sept 25 2015
Ccex refunds people from a scam ICO.
May 2017 Problems with Bitcoin wallets. At this point the block chain was struggling due to the 1MB block limit so a lot of complaints from users about slowing transactions, high fees, and such was out of C-cex control.
Bitcoin wallet reset. Do not send to old BTC addresses – you will not receive such deposits. Get new BTC address for further deposits.
— C-CEX.com (@CryptoCurrEncyX) May 27, 2017
2017/2018 Unusually long Limited service modes due to vacations, after these vacations huge issues always….
Feb 20th 2018 Ccex admits loss of all XVG Balances. To their credit they did come up with a refund process… which was working until now, as they stooped their Buy Back in the short term.
March 8 2018 Issues with crave wallet… I was lucky as I had sent my coins to wallet the day before.
April 2018 Good news as Ccex is buying back tokens from the Verge refund.
Sept 6 2018 BitcoinZ wallet removed without notice. Ccex places fault on Dev, however Ccex did miss a critical wallet update.
BitcoinZ [BTCZ] blockchain is broken. Lot's of old invalidated TX's. BTCZ dev is not going to fix it. We have to remove BTCZ from exchange. No refunds possible because developer does not support it.
— C-CEX.com (@CryptoCurrEncyX) September 6, 2018
Sept 9 2018 – Doge and LTC balances placed on hold because hackers stole coins while exchange was on vacation mode.
Sept 11 2018 EBlackhole and Biz coin removed without notice. Possibly due to an attack, however I can not find outside source.
EBH and BIZ 51% attack. Coins removed from trading.
— C-CEX.com (@CryptoCurrEncyX) September 11, 2018
Sept 20 2018 Uno wallets removed without compensation. Ccex points to a wallet fee in 2016…. odd.
UNO wallet removed. Withdrawals not possible anymore because of bug in wallet:https://t.co/HEICCgLIfuhttps://t.co/5b0QEP7K6l
Those extremely high fee set by wallet automatically and lead to empty balance as we charged only 0.1 fee by developer recommendation.
— C-CEX.com (@CryptoCurrEncyX) September 20, 2018
Now there are other issues coming around the corner as well….
The Linda wallet is out of date and probably on the wrong chain. There was a mandatory update this summer to Linda V3. Burst, Xtrabytes, GRC, BTC and other withdraws do not work at the moment.
Going forward…. It’s hard to say what will happen, in the past they have pulled through issues and I hope they do as they have a couple small coins and projects that I like. For example the Mix block chain: https://www.youtube.com/channel/UCkvRVEWnTPWWYJQqPbYwyiw .
How can we support Ccex? Well number one don’t flood the support with useless support tickets. One ticket is all you need. They will reply, sending 10 tickets does not make an extra light blink some where for them…
I have removed a part of my balance from the exchange, but personally I will continue to trade on the exchange in a small amount. Why? Well some smaller projects I like are only listed there and the fees from trading are the only way they can pull them selves out of this predicament.
If you want to remove some money don’t use BTC as it is Out of Sync 46 Days. Coins that I personally tested included BBP, NXT, ETC and Dash.
Check the wallet status first, and then the fees. Use a mirco transaction first. Once cleared send your full amount.
Now on the flip side I have done deposits of LTC and Doge and they worked…. why? well unfortunatly it is possible to profit from people dumping alts to transfer out using BTC (which doesn’t work).
Please feel free to add to the talk below!
Xtrabytes will reimburse token lost on Ccex:
What is Happening to C-cex?? BitcoinCrypto Vlog#5 – Why will I still trade here?