Post
Topic
Board Securities
Re: [BTC-TC] Virtual Community Exchange w/ Options, DRIP, 2FA, API, CSV, etc.
by
btharper
on 05/07/2013, 18:47:49 UTC
"Withdrawals totaling over roughly ฿8.31 in a 24 hour period are processed manually. Submit the form as normal and a request will be sent to the
site admins for processing."

Not sure which one is worse, low manual withdrawal limit or admins that are not online or they are online but probably watching pr0n or something
other than withdrawal requests. Like it is not enough Bitcoin is damn slow on it's own!

"How long does a manual withdrawal take to process?
It's almost always less than 12 hours. We process 2-3 times a day most days."

Major drawback, thanks for your services but I'm moving my coins elsewhere.
TL;DR -- I don't want to use a site with good security practices.   Huh


The small hot wallet is a key feature of any bitcoin site that wants to live past it's first or second hack.  (And yeah, you need to expect that everyone gets hacked eventually.)

Cheers.
Security aside, currently it's an admin and expecting him to sit there twiddling his thumbs waiting for a manual withdrawal is unreasonable. While a case might be made for quicker response if there were a handful of people employed by BTCT, but I'm not even sure what kind of time frame you're expecting if bitcoin confirmation times are too slow for you.