Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Lykke - Semi-decentralized Exchange on the Blockchain
by
zaphold
on 01/01/2018, 14:26:42 UTC
Hi all. As I’m new to this I’d just like to clarify and make sure I don’t have this all wrong..
With the change to centralized mode, am I still able to buy usd/vouchers with my credit card and then trade usd for btc like in the past but I won’t be able to send it to exchanges or other external bitcoin addresses outside of lykke anymore?

If I click cancel at the login prompt can I still change to the centralized mode at a later date?

Thanks!

Not exactly. If you click cancel, Bitcoin trading option will no longer be available to you. You will be able to transfer the Bitcoin you already have to an external wallet and that's that. If you accept the new agreement then you will be able to trade normally like you always have.

They're planning to change back to decentralized in the future but for the time being, they can't continue to stay that way because of the huge fees they had to pay for Bitcoin transactions.