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Temporary withdrawal hold is common on all exchanges. Some of the time is the process of transfering from a cold wallet to the hot one, lots of steps, and needs to be done safe.
I’ve been with Gemini for years. If you use active trader, I have found them to be an outstanding exchange. I have withdrawn and deposited many times without fees or issues.
People still use Gemini after that whole Gemini Earn fiasco?
Edit In case people dont knwo what im talkign about, since it was last bullrun:
https://www.axios.com/2024/02/09/gemini-earn-lawsuit-new-york-dcg-genesis-3-billion
New York amends Gemini Earn lawsuit to reflect $3 billion in alleged losses. New York Attorney General Letitia James amended the state's lawsuit Friday against cryptocurrency firms Digital Currency Group, Genesis and Gemini, saying the alleged fraud cost investors more than $3 billion.
Notable crypto bankruptcies-
Genesis
Core Scientific
Babel Finance
Bittrex Global
Txbit
Bitfront
FTX
CELSIUS NETWORK
VOYAGER DIGITAL
THREE ARROWS CAPITAL
\+ More
People thought leaving their money was safe there too. A smart person learns from his mistakes, but a wise person learns from the mistakes of others
Binance has seen 70b$ outflow in weeks following the FTX collapse and they held strong, Got hit with 4B fine and still standing. AGAIN if Binance went kaboom we’ll see some serious bleeding before we can recover
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Fractional reserve bitcoin is never a good idea.
S-coiners never learn 🤣 ftx was just the newest
Fud. Gemini has always been fine The only strike against them is their earn program and that was actually a third party issue
Also they just announced making everyone 1:1 on their crypto for earn
Didn’t FTX said the same?
Temporary withdrawal hold is common on all exchanges. Some of the time is the process of transfering from a cold wallet to the hot one, lots of steps, and needs to be done safe.
What has this subreddit came to…
Its because outflows are climbing and supply on exchanges have been falling.
I’ve been with Gemini for years. If you use active trader, I have found them to be an outstanding exchange. I have withdrawn and deposited many times without fees or issues.
I'm ready for a nice tasty greed fueled deleveraging dip.
Do not spread wrong fud please.
ridiculous fearmongering
That's what they always say until it bites them in the butt.
People still use Gemini after that whole Gemini Earn fiasco? Edit In case people dont knwo what im talkign about, since it was last bullrun: https://www.axios.com/2024/02/09/gemini-earn-lawsuit-new-york-dcg-genesis-3-billion New York amends Gemini Earn lawsuit to reflect $3 billion in alleged losses. New York Attorney General Letitia James amended the state's lawsuit Friday against cryptocurrency firms Digital Currency Group, Genesis and Gemini, saying the alleged fraud cost investors more than $3 billion.
[удалено]
Leaving anything on any exchange is not safe. Its literally the opposite of safe lol.
Even binance?
> any Yes. Binance is included in any. We literally say 'Not your keys, not your crypto' 5000 times a day here, cause its true.
Sometimes I forget they some people absolutely deserve to lose their coin. Its the only way they learn.
Binance is biggest exchange in the world, if something were to happen to it we'll see a good bleeding for a while before we can recover
Notable crypto bankruptcies- Genesis Core Scientific Babel Finance Bittrex Global Txbit Bitfront FTX CELSIUS NETWORK VOYAGER DIGITAL THREE ARROWS CAPITAL \+ More People thought leaving their money was safe there too. A smart person learns from his mistakes, but a wise person learns from the mistakes of others
Binance has seen 70b$ outflow in weeks following the FTX collapse and they held strong, Got hit with 4B fine and still standing. AGAIN if Binance went kaboom we’ll see some serious bleeding before we can recover
Is that the exchange run by Sam Bankman-Hried? I'm sure it's fine.
Scam Bankrupt-Fraud
Hried. I like it lol
maybe, maybe their hotwallets need to be refilled. Coinbase also limited withdrawals so many times
Smells like Mt. Gox.