Still waiting…
but I don’t understand if IOHK is saying that those reasons are all the problem is?
it must be a bigger issue right? something which has to do with their network?
Because to me it seem simple, their current network is not able to handle the Volume we have seen since a week ago… So what fix are they trying to fix? There is nothing to fix this is just the way it is for now… until Shelley comes in
It seems to be as simple as that: Network overloaded. But what I do not understand at all: How can the ADA price go up so much, while withdrawals are suspended on the two most important exchanges? Is it really just the trading amount in binance and bitfinex ( and maybe others) that determines the price? Who is trading, while the ordinary guy seems to be blocked?
is binance and bitrex.
It goes up because withdrawals block does not stop to bring in new believers as me:
I bought ETH from BitPanda transfered to an exchange and bought my ADA, the only problem is that I can’t withdraw the ADAs.
The only reason this should lower the price is that people get scared that they cannot withdraw their ADAs and then sell them… but it seems it is not the case… in fact as me they are probably just waiting confident that at some point they will be able to withdraw.
Maybe! But I am different. I do not buy, if I cannot withdraw.
Please tell me more about this, as I am a complete n00b.
I´m in the same situation - hope in a few days all will be okay with the cardano-wallet in bittrex…
Hi Philip@ofpcarnage, that’s a good question that I asked many times, and Charles has answered it on Twitter a few days ago. Here is the link where he explains we will be able to cold stake using a proxy key.
It keeps getting better and better
Is there any ETA on when the wallets on Bittrex and Binance will be fixed?
Same here…any ETA? Thanks
“Maybe! But I am different. I do not buy, if I cannot withdraw”-- I’m the same way. I have made withdrawals several times from bittrex to my daedalus wallet immediately after i bought and it was fast in the past, but have been waiting for five days this time around. was going to back out of ada and into eth to get my coins of the bittrex exchange, but now eth wallet is disabled on bittrex as well. will trade my ada for bitcoin to get off the exchange soon if this isn’t resolved. it’s shaking my confidence in this project. exchanges get hacked frequently and I’m frustrated and disappointed that cardano didn’t make it a top priority to ensure that investors can secure their coins as quickly as possible. this is real money that i don’t have access to. sort of defeats the whole purpose of the cardano project and all the hoopla surrounding decentralization that hoskinson so eloquently lectures about when you can’t secure your coins. i’m surprised this message board is being so patient on this issue.
http://fortune.com/2017/09/29/cryptocurrency-exchanges-hackings-chaos/
I bought a bit more even after my Bittrex wallet was locked thinking it would resolve soon. I would like more communication though from the development team regarding exactly what the problem is and what is being done to resolve.
- Don’t buy, if you cannot withdraw
- If you cannot withdraw, do not sell, but wait. Patience!
If the problem is the Cardano Testnet being slow, shouldn’t BitRex allow the use of the wallets anyway?
It is like a shop that forces me inside because outside is raining.
Is not their problem, is not their choice
Now Binance enabled Withdrawals and Deposits (Yeah Deposits were not showing any address earlier in the day). But they warn of Network Delay.
To be honest, I don’t want to risk the withdrawals at this time and might wait for the network to be back to normal. By considering the massive price run by ADA everyone is trying to withdraw and causing network issues.
It is always risky to leave it at the exchange but again if you want to sell then you can do so without worrying about any delays in depositing to the exchange wallet. What happened to IOTA is now happening to ADA wallet.
When I first bought ADA for $0.14 at Bittrex, I never had an issue to withdraw to the Daedalus Wallet. It was so quick, within few seconds I saw the transaction in the wallet. But it seems things have changed now due to large number of transactions. I am going to be patience and take the risk of leaving the latest purchase at Binance for few more days.
now Bitrex changed again their notice from “Wallet Disabled - Pending developer code patch.” to “Wallet Disabled - performing routine maintenance”
what does it mean? they received the patch but … ?
IOHK Bittrex update:
From Charles Hoskinson mouth itself the best explanation to the BitRex/Binance problem:
thanks IOHK, we hear you
Personally still stuck at Bittrex.
yes and from what Hoskinson says it is all fault of Bitrex, they have got the patch they are just slow implementing it.
I am not sruprised, it toke me 1-2 months to get a ticket sorted in the past with them