Quote from: rumpel_tusk on April 13, 2018, 01:40:23 PM

Quote from: chillbill on April 13, 2018, 01:35:36 PM

Quote from: pircklr1 on April 13, 2018, 09:19:16 AM

Quote from: chillbill on April 08, 2018, 08:20:00 PM

There is a huge problem with staking BCO on Cryptobridge. Once the period is up it seems your BCO are stuck unless you pay like a 15%+ fee to get them out. I tested with 20 BCO ($35 worth) and the system is asking for 3.47 BCO ($6) to get them back!!!

What is that!!!!!!

Feels like a scam to me

I actually like getting piles of sh*tcoins for my stake, but it said in the docs I'd get my stake back, but you dont you lost 17% of your coins in the process.

Whats worse I've staked another $500 in longer term stakes and now I'm expecting to get ripped off by nearly $100. I cant find what to expect anywhere.

When the period is over, if the coins arent reclaimed do they continue to stake??? I doubt it, but its not clear. Are the coinds dead unless I agree to be ripped by 15% to get them back.

Frankly is stinks.

Staking is a great idea but its totally ruined if its just going to rip me off. I beleive staking is to cut people in on the action not gouge them but I cant see that these charges are anything but a scam.

Am I getting it wrong? I'd be happy if it isn't the way it seems because the ideas are great.

So, in addition to having to pay the fee when staking BCO, we also have to pay some fee after the staking period is over to get the coins back?
Did I understand correctly? If so, this whole system sounds really bad. After all, I wish to have around 10 % yearly ROI but since I invest only small amounts, I end up paying almost 10 % just to stake. I really hope this is not the case.

I was really going to support this exchange but as they appear to hide charges like the 'withdraw' charges so I've gone totally cold on it. I've got bigger amounts staked because I did that before my first trial amount came up for renewal and I didn't know about the big hidden redemption charge which appears huge.

Is it a fixed amount? Who knows.

If its a fixed amount, I would need to stake thousands of dollars to make the percentage small, but nowhere says 'its fixed' or even mentions it. It might go up with amount staked or with market conditions like BTC transaction fees or because they 'say so.' You cant make an investment if you don't know what the outcome variable can be.

You have to imagine the worse when there is no transparency.

I could discuss with them on Telegram but that sucks, it should be on their site upfront and bold. If not its all kind of flaky/sketchy/scammy.

Such a shame as the idea really rocks. If they hadnt screwed me I'd be looking to put serious BTC in stake with them, but not now.

Most of the fees you are describing are for transactions on the Bitshares blockchain. This exchange is built on it and every action on the blockchain requires a fee. Withdrawing/Depositing require transaction fees demanded by Bitshares. However, withdrawals are also subject to fees for making sure the transaction is executed promptly by the specific coin's blockchain. Just as you wouldn't blame Bitcoin for requiring transaction fees, you should not blame Cryptobridge for complying with Bitshares requirement of transaction fees.

So far all the fees have been reasonable and related to the Bitshares platform and Gateway fees...
And the platform seems wonky, but is very reliable... so it will probably survive and grow, but is not the killer app it's made out to be.

So far the Big Winners have been the shadowy spec miners and experienced traders that sold into the Big Pump...
Big Losers have been the pinheads that swallowed the relentless propaganda = lock in your coins for 1 year to get 3%... what fun.