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Lyster

๐Ÿ‘ค Speaker
225 total appearances

Appearances Over Time

Podcast Appearances

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

wire-based deposits or crypto-based deposits.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

Kraken does not have any sort of restriction on crypto-based deposits or wire-based deposits.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

This I can definitively say.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

WeBot has one little quirk about its hold.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

That is not documented.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

And that's why I figured I would do this so I can help people that are getting into it for the first time.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

And it affirms what I said in the first coverage where I said I would not use them as a regular routine exchange.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

This is what I'm getting at now.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

It was something I was sensing, but I didn't understand it until I talked to them.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

I get why they do it, and it might actually help their stability to some degree, but I think people need to understand it, and it's not documented on their site.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

They actually openly admitted this is not documented on the site.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

It's kind of implied, and no, it's not.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

I think that's crap.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

So if you get into WeBot slash PionX.us for the first time, do not give them any fiat.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

saying for the first time do not give them fiat if you're gonna go deposit only crypto that rhymes if follow me if you deposit fiat first they track a balance so let's say that you let's say you do your and it doesn't even matter it could be wire it could be it doesn't matter but let's say debit card just for simplicity sake so there's a 10-day hold let's say you deposit 200 bucks

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

There's a 10-day hold.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

Now, if you were to deposit your BDAG, right now your BDAG isn't really worth much.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

You would have to have at least $400 worth of it, which is a lot of BDAG right now, to be able to pull back $200.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

You're like, that's what I'm... So...

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

The way we bots works is the moment you deposit Fiat, that is subject to a hold.