IS MEXC GOING TO TURN WITHDRAWALS BACK ON?

HolyAngel_X ·

IS MEXC GOING TO TURN WITHDRAWALS BACK ON?

Replies

dsflaty ·

I wasn't aware that MEXC had turned withdrawals off
If MEXC only has fractional reserves of BSV they are unlikely to allow withdrawals until they have reduced their exposure
Wallets haven't been a strong point for BSV so there could be millions of customers BSV that should be held by exchanges but could have been sold off by the exchanges
The BSV Bank Run on the 1st and 15th of every month could expose some fractional reserve exchanges which would nictitate them buying BSV or halting BSV withdrawals

dsflaty ·

MEXC have also suspended BCH withdrawals

Lily ·

Hope you don't experience your first exit scam, I lost 300 BTC years back on Mintpal I think it was called la~

dsflaty ·

BSV and BCH withdrawals from MEXC being suspended when both Bitcoins are conducting Bank Runs is suspicious
Suspicious like MEXC don't have the BSV or BCH they should have and as such suspend withdrawals to prevent a run on their exchange