Look at Quadriga's order book. You see that 5 BTC buy order that keeps going in and out, in and out? That's a bot. That bot is looking to buy BTC at a rate that is +5.2% more than Bitfinex (if you convert USD to CAD). Earlier when I bought back into BTC, the bot was about +5.6-5.7% bitfinex. It varies over time. That is crazy.
Why is coin so expensive on Quadriga? If you look in their ToS, they even say your CAD balance is not real Canadian Dollars but “Quadriga Bucks.”
It took me over 2 months to get paid a 9k wire. They are running out of money for sure. They are using their excuse that the “Canadian banking cartel” are not letting them access the money for the delays. Meanwhile Kraken has the same payment processor as Quadriga (Finconnect) and Finconnect paid me in 2 business days. So if Kraken is paying people properly with the same payment processor that Quadriga is using, then the problem is with Quadriga itself.
That 5 BTC bot is definitely quadriga's bot. 100%. They don't want people with a quadriga bucks balance buying BTC at regular market rates (ie. Bitfinex rates) because they don't have enough btc to pay everyone at market rates. They have to sell the BTC for +5-6% because quadriga bucks is funny money. They have more CAD in the user balances than they do in the actual bank accounts. 100%. I guarantee it.
It looks like Quadriga lost money and they are covering it up. I doubt they are solvent. If everyone tried to withdraw crypto at once, it would be Mt. Gox all over again. Remember, people waited 3 months for wires from Mt. Gox and many of them supposedly “failed” because the banks supposedly rejected them. They blamed it on the banking system blocking crypto companies. They had bank wire withdrawal problems for a long while. Then eventually Feb 2014 they disabled BTC withdrawals and declared bankruptcy soon after.
If you're gonna sell, use Kraken, Coinsquare, Bylls, Shakepay, whatever. Don't use Quadriga, ezbtc or einstein.
>Quadriga is fucking trash. I use Gemini. Gemini is great for cashing out if you don't need to convert your Burgerbux for Canadabux. I personally prefer Kraken or Coinsquare if you need volume. Bylls is pretty good too for low-ish volume. Shakepay a last resort. Lots of Jow Forumsraelis are resorting to Localbitcoins and ATM cashouts as well. Since Quadriga took 2 months to fucking process my fucking wire, I cancelled my pending withdrawals (a large sum of money. A full-time McDonald's wagecuck's annual salary here in Canuckistan. A US Mcwagecuck makes even less than that.). Then I bought back into BTC at their really shitty rates because their fucking bid bot is set so high (+5.7% Bitfinex or more at the time. I am hodling. Luckily the market did go up a bit) and withdrew everything to cold storage, confirmed and everything. Not looking back in the rear view mirror.
I'm not going to risk getting Goxxed out of a shit load of money waiting months for a wire that may never come. So I had no choice but to cancel, buy back and eat dat loss. Since they still pay out crypto. It's just really expensive now on there.
Camden Russell
Canada is the wild, wild west for crypto. It's crazy how the Canadian government is allowing these shady companies to operate unregulated in the shadows. The Justin Cuckdeau government says they have no plans to regulate crypto-currency until after the fall 2019 election. So basically these Canadian corporations can do whatever the fuck they want. The police have already contacted QuadrigaCX before. And Quadriga would credit back Quadriga Bucks and force people into buying back bitcoin at elevated rates if they call the police or served them with papers.
And most people would rather not pursue legal action if they were forced to buy back at a 6-7% loss (I paid at least +5.7% Bitfinex + 0.5% trade fee). Since that is too much trouble and you'd have to argue in court that QuadrigaCX is insolvent in order to win your case. Defamation laws are very strict in Cuckada compared to the United States. Meanwhile exchanges like Einstein have held crypto withdrawals hostage, causing people to lose a tremendous amount of money in the bear market. And there is no legal recourse for this. Some boomer judge isn't going to understand how crypto works and how volatile crypto assets are. The company has no legal obligation to produce an audit of their books to prove that the money is all there.
This is a country that throws people in jail for not using the right pronouns and gives $10.5 billion to terrorists. But they won't do anything about these scammy exchanges...
Justin Peterson
I’ve had a decent experience with einstein exchange , you can talk with them 24/7. They had technical issues in the beginning, but will always work with you to sort them out.
Carter Perez
cucknada is so fucking brutal for trying to buy and cash out it’s insane
Owen Powell
Thanks for the notice.
I had trouble with it too a while ago so I now use Gemini to wire money in to buy crypto, and to cash out. Works great so far, very fast too. Even though it’s international I always had it go through both ways within one business day.
Jason Richardson
>I’ve had a decent experience with einstein exchange , you can talk with them 24/7. They had technical issues in the beginning, but will always work with you to sort them out. Einstein's reputation took a huge hit with the problems they had early in the year. I sent them my ID Selfie multiple times for verification before I made any deposits. Because I want to make sure I can withdraw before making any deposits. And they kept rejecting my ID + Selfie. Even though Poloniex, Bittrex, Kraken, Quadriga, Coinsquare, Localbitcoins, etc. all accepted my verification without issue.
David Morris
So you're saying I shouldn't just leave 20k on there?
Benjamin Carter
you should deposit another 80k and keep it there.
feel the rush.
Brandon Edwards
>So you're saying I shouldn't just leave 20k on there? You're probably being sarcastic but technically you shouldn't be leaving any money on an exchange except for A) what you need to withdraw B) what you need for day trading I literally had a wage cuck's salary stuck on Quadriga because I was selling like fucking 40k over the course of a month and they were taking so long to process my withdrawals.
I would sell
Charles Lee
Only slightly being sarcastic, legitimately have $20,500 or so sitting on there from sales I made in 2017. Honestly never noticed the TOS disclaimer that it isn't actual CAD and that scares the shit out of me. I can either chance it on a withdrawal or take about a thousand dollar haircut to buy at market and send to kraken to sell there for USD.
Gonna chance it with the withdrawal, honestly thanks for bringing this to my attention, much appreciated.
Eli Davis
>Only slightly being sarcastic, legitimately have $20,500 or so sitting on there from sales I made in 2017. You're fucked buddy boy. Good luck being able to cash out. It might not happen. Your best bet is to buy back into BTC now and withdraw BTC before you potentially lose everything. Give Quadriga their artificial 6-7% tax. Since the price of BTC is insanely high there.
Benjamin Kelly
I did receive a 9k wire from Quadriga after 2 months. But you might not be as lucky for a 20k wire.... I had 27k I needed to get out. I didn't want to chance it. I took a fucking $1,500 haircut probably. Maybe more.
Christopher Jackson
Well it's not a permanent haircut since I didn't sell the over-priced BTC. I am hodling. Because it should hopefully go back up again before it goes back down.
Christopher Rodriguez
What do they charge though? Coinsquare is pretty cheap, the forced exchange hodling for a few days is lame tho, what's the deal with that?
William Sanders
Direct bank transfer is 25k max daily amount, with 10k max individual wire amount. Wired the funds out in 3 separate transactions. If nothing else, I died for your sins Jow Forums
Julian Watson
>Direct bank transfer is 25k max daily amount, with 10k max individual wire amount. Wired the funds out in 3 separate transactions. If nothing else, I died for your sins Jow Forums Yeah I had FOUR separate withdrawals because I don't want my bank to wonder why the fuck I was receiving a 35k wire from some shady country. I don't even know where the wires come from. All I see on my bank statements are "incoming wire" or "wire" and a bunch of numbers. What the fuck. And I'm not about to call into my bank to ask or else they will freeze my bank account again.
Crypto traders give bank employees heart attacks. Because the amount of funds being moved are so large that they think you're a drug dealer or a darknet guy.
Cameron White
Of course after I decide to chance it on the withdrawal I then go do some research online and find on their reddit this lovely post
Meaning my hopes of getting this money anytime soon (as in even within their 14 business day bullshit) just dropped. My fault for being so blase with large sums of money. Especially as someone who lived through (and has an open claim with) Gox
Crypto is funny. Earlier this year quadrigacx was regarded as the best Canadian exchange. Now it's garbage. Welcome to crypto faggots kek
Landon Russell
It's okay bro, I was naive enough to think that just because QuadrigaCX and ezBtc were incorporated in British Columbia, a Canadian province, that there would be consumer protections for us. That is not the case bro. Someone complained to the police about Quadriga. Then Quadriga wired him money right away and terminated his Quadriga account. Another person threatened to sue Quadriga. Served them papers. And Quadriga credited back his balance and told him to buy back into BTC. He ate the loss (just like I did). And then withdrew. And they banned his account.
Quadriga is a super unprofessional company. When they treat their customers that way, it's clear they are scammers. And it's going to be hard to argue in court that they scammed you by selling you bitcoin at +5-6% Bitfinex (+ their 0.5% trade fee). When you deposited the money on the exchange, their prices weren't that high. But then the price ended up being that high over time due to the withdrawal issues. Quadriga claims this is due to their banking issues and market forces. They claim that every CAD balance on the books is backed by CAD in their bank accounts. But they have provided no proof of this. They are cooking the books. 100%.
Well shit I only hope this charade can go on long enough for me to get my shit then it can blow up for all I care. Doesn't help that quadriga quotes in CAD and i always look at price in US and didn't really take notice of the fact the premium had crept up so much. Gox had a persistent premium for a while too for similar issues
Sebastian Jones
There was a big blog post on reddit weeks ago about a Canadanon getting his 100 BTC on his account frozen with no explanation. Everyone made fun of him for having 100 BTC on an exchange instead of criticising Quadriga, fucking cucks on reddit. My dad lives in Canada and I told him never to use Quadriga after that.
Charles Flores
Ah fantastic, I was wondering who the fuck was filling my arbitrage bot's orders at +9%, now I find out it's the paranoid biz tards.
Thanks for the fantastic margins!
Parker Anderson
Now they are really good since things have died down, I have withdrewn 20 k this month from them with no delays.
Ethan Wood
Quadriga is the worst
Robert Perry
Moved five figure deposits and withdrawals with them this year, my wait time ranged from fifteen business days to sixty business days kek.
Canucks are completely fucked over in terms of decent crypto services. Quadriga is slow as fuck but Ive found it the best there is in this cuntry.
Aiden Bennett
>Ah fantastic, I was wondering who the fuck was filling my arbitrage bot's orders at +9%, now I find out it's the paranoid biz tards. >Thanks for the fantastic margins! That wasn't me. I didn't do any market buys. I put up a limit order that was +5.7% Bitfinex easy. Probably more. It was probably some other people on Jow Forums who read this thread who took your orders.
You don't necessarily need to do a market buy guys. There are still lots of idiots out on Quadriga there who think they are getting a good deal selling BTC for your Quadriga Bucks bags at +6% Bitfinex or whatever it's at now.
Thomas Miller
>Everyone made fun of him for having 100 BTC on an exchange instead of criticising Quadriga, fucking cucks on reddit. reddit is fucking cancer. I got downvoted on there for calling out Quadriga on there. Even some people think I'm wrong about calling ezBtc a scam (they owe me 1+ BTC since a month ago). Jow Forums has a higher IQ userbase. Red pillers are way better at smelling bullshit than blue pillers. Blue pillers always defend the exchanges and blame the victim of these exchanges. But God forbid some thot wearing a short dress gets raped by some incel, then we can't blame Stacy since that would be victim blaming. But let's victim blame all the guys who get scammed by exchanges instead. lol. I fucking hate reddit.
Christian Long
>This is a country that throws people in jail for not using the right pronouns has this ever actually happened? Is there a news story? cant find anything
Jordan Parker
Done 99,999$ withdrawals a handful of times with no issues in december-january and april. April took a bit longer though. 4 weeks instead of 1.
Eli Diaz
how about your taxes?
Cooper Evans
>Done 99,999$ withdrawals LIKE A BOSS. No fucks given. if you do $99,999 withdrawals, that shit is getting reported to FinTRAC absolutely. A number like that gets flagged as suspicious. Any international wire (Quadriga uses foreign banks for wires) $10k and up gets reported automatically. But if you do $9,999 or $9,999.99, the bank will snitch on you 100%. Because it's too obvious what you are doing at that point. That is called structuring and is a crime as well. But Canada is a cuck country so YOLO. Who cares. So as long as there isn't an open investigation against you, the Canadian authorities don't pay attention to the FinTRAC reports. The vast majority of the reports get ignored.
>how about your taxes? Have we ever heard about any crypto traders in Canada getting audited by the CRA ever? Maybe the IRS will audit-fuck some people this year who traded on Cuckbase. But other than that. Maybe CRA hasn't even started auditing PayPal merchants yet. They just recently forced PayPal to hand over data. The Canadian government is very slow and very behind the times.
