Re: Bitcoin withdrawal suspension saga: why self custody is the best
what I noticed from the last week payment transaction fdf3ebb10508808c3cde9df6b99a3af60b2cb820020a993b6094f87f5e60471b was that it was flagged to be address poisoning as shown in the image due to two similar addresses in the output. 
KuCoin exchange has actually suspended the withdrawal of funds from their customers who Recieved bitcoin together with this addresses
In as much as we all know this was a coincidence nobody’s problem it shows that self custody should be adhere to seriously when receiving bitcoin.
Most of us who used KuCoin and other exchanges to recieve payment need to take note that there are many risks involved because of some exchanges policy and it is best to use wallet and then probably move your bitcoin out from the wallet to exchange to sell. This is usually the best practice when Receiving bitcoin.
KuCoin exchange has actually suspended the withdrawal of funds from their customers who Recieved bitcoin together with this addresses
In as much as we all know this was a coincidence nobody’s problem it shows that self custody should be adhere to seriously when receiving bitcoin.
Most of us who used KuCoin and other exchanges to recieve payment need to take note that there are many risks involved because of some exchanges policy and it is best to use wallet and then probably move your bitcoin out from the wallet to exchange to sell. This is usually the best practice when Receiving bitcoin.
I really wouldn’t get it why people would prefer to use exchange addresses in receiving payments and not have to send it there themselves from a custodian alternative.
Perhaps it could be the fees but, I find that to be a very lame or dumb excuse. It doesn’t cost much on fees these days, it’s always ranged between 1-10sat/vByte and you would have your transactions processed really fast.
Should it be concerns on privacy and accumulations on an address, you could always send between wallets and maybe use the services of mixers if it’s of great concern.
Receiving payments on exchanges shouldn’t be a thing.