Withdrawals from Hive Engine not working
So, about 14 hours ago I sold some layer 2 coins for Hive, and initiated a withdrawal to Hive so I could transfer it to savings - and it never arrived.
It's only a tiny tiny amount, but ever since the demise of Ionomy (where I lost several hundred dollars when it stopped working without notice), I've become hyper-sensitive to exchanges failing.
The egregious thing about Ionomy is they didn't tell anyone they would be shutting down. They let people log in, make deposits, initiate withdrawals, without telling anyone they'd disabled the wallets from the exchange. So your deposits were on the blockchain but not showing up on the exchange. And you confirmed your withdrawal but nothing got sent. And there was no notice to alert the unwary.
I thought Dex's like Hive-engine would be safer, but now I'm learning they're only as good as the counterparty. If the counterparty decides not to send the coins, you are screwed.
I'm not sure what the answer is. British people can't use Binance. Bittrex and Poloniex are dead. Ionomy is not only dead, but scammed people of anything they held there.
I had thought a Dex like Hive-engine was the answer, but clearly not; they didn't even put a notice on the withdrawals page saying there was a delay, which is what people usually do if they are genuine. Nothing, nada.
I suppose the next step is to try out Tribaldex and hope they work. https://tribaldex.com/
My advice to everyone is to send a small test amount before you send anything more. And do this every single time, even though it's a pain.
Crypto specialises in the long con where they lull you into complacency. You never know when it is going to stop working. I'm cross this evening, but I'm not out of pocket as I sent (and lost) only a tiny tiny test amount.
Leave Withdrawals from Hive Engine not working to:
Read more #hive posts
Best Posts From candy49
We have not curated any of candy49's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From candy49
- 70% of Billionaires in Britain are self-made, unlike in Germany where only 26% are self-made (the rest inherited their money)
- Have any EU member states gone from being net recipients of EU funds to net contributors?
- Was Germany the country to suffer the most from Brexit?
- The UK's Dependency Ratio is currently worse than China's
- The Bank of England has now reversed £300 billion of Quantitative Easing
- UK gilt yields soar - for the first time this century the UK is paying more to borrow than the US
- UK trade surplus with New Zealand jumps after trade deal
- Why are Holiday Inn hotels housing migrants, but Premier Inn hotels arn't?
- The UK's trade deficit with China widened to £39 billion
- The Pound's share of Global Foreign Exchange Reserves is at the highest since 2000
- The UK now has a trade surplus with Japan thanks to services
- How Britain got a better trade deal from Trump than the EU
- UK trade with Australia has jumped since the trade deal came into force in 2023
- Labour is heading into an employment crisis
- How will the council elections play out?
- Will Keir Starmer survive as Prime Minister?
- Update on Hive-Engine Withdrawals problem
- Withdrawals from Hive Engine not working
- How did Kamala Harris secure support so fast?
- A connundrum from the General Election