Don't send ETH from Bitstamp to Bfx - #CryptoTrading

Your money will be lost.
PSA     · [trading-platforms]  · Author: KarlVonBahnhof

Apparently, the newly launched ETH trading on Bitstamp comes with an unpleasant surprise: If you withdraw ETH, the withdrawal is processed via a smart contract, which is not indicated on the ETH withdrawal page - there is only a fineprint note below the withdrawal page’s fold that says “Please make sure that the receiving party supports Ethereum transactions generated from smart contracts prior to initiating an ETH withdrawal”.

If you happen to withdraw from Bitstamp to Bitfinex, your deposit will be confirmed on the blockchain but your money will not be credited because Bitfinex doesn’t accept deposits from smart contract.

They’ll still receive the money though. The money you didn’t know was sent via a smart contract. Because the receiving wallets are not using a smart contract themselves, so that they could make the transaction bounce.

What a time to be alive.

Thread on r/bitfinex where you can leave your support ticket number

The support is at Poloniex level at the moment: too many users having the same issue, no tickets resolved. The only thing that sparks some “hope” is a recent tweet from Bitfinex: Apparently, they solve deposit “errors” for a $25 processing fee. I say “errors” because they were talking about sending BCH to an old BTC wallet, which is not really an error since the blockchain got duplicated so the address exists on BCH too if it existed on BTC before the fork. It’s not as much a payment for an error as a … payment for something that is invented to solve a problem which doesn’t really exist.

Anyway! Main thing is we have a new front-end interface boys!



Posted in Trading platforms
Tagged as   

 

Last added to Crypto Airdrops, Bounties & Opportunities
Airdropped Token or Opportunity Airdrop Date About the airdrop Link
Twelve New LATOKEN Airdrops Live There are currently twelve new token airdrops on the LATOKEN exchange (DigiByte, Coinway, Payzus, Bitfxt ...). All of them are live now and end between 29 Oct and 4 Nov. If you sign up with the link here you get 50 USD fee credit. sign up
ByBit Signup Bonus 10 USD + MORE! (no KYC) Until Oct 31, 2020 ByBit is a trading platform that offers perpetual swaps of large cap cryptos without KYC (Be mindful of risks and legal implications). In October 2020, you get 10 USD worth of BTC sign up bonus - you need to sign up and deposit at least 0.02 BTC. There are more bonuses waiting in the Rewards Hub after you sign up. sign up
Bitrefill Birthday Contest Until Oct 26, 2020 Bitrefill turns 6 years old on October 26th and will hold a contest for Best Bitrefill Story, with a 100 USD award in Bitrefill Balance. Follow @bitrefill on Twitter to get the announcement first. use bitrefill via bitfinex
Staking without KYC on WhiteBit New! WhiteBit opened 17 different staking plans with 9 different currencies to choose from. 40% APR, available to the users without KYC. (Be mindful of risks) sign up
🌶️Chiliz Twitter Giveaway Pool of $2,500 in $CHZ Now! Chiliz is promoting the downloads of their new app with a draw of 10 winners by 250 USD in $CHZ tokens. tweet with info
Opportunity: Trade DeFi Tokens with NO FEES 14 days after signup The token exchange WhiteBit gives you 14 days of zero-fee trading if you sign up with a shill link. No KYC until 2 BTC/day withdrawal limit, lots of new DeFi projects get listed there. sign up
YoBit Get Free 1700 Dollars After signup YoBit is having a token giveaway. Sign up at YoBit and click the link "Get free 1700 dollars" in the top bar. This will take you to a Telegram bot where you can sign up to participate in the giveaway. sign up