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Rant, Complain, Talk

Another exchange bites the Dutch dust

The last couple of years have been challenging in regulations depending on in which country you live in how easy stuff works for you.

I used to like working in Binance. It had an easy interface, had enough tokens to fool around with, and most of all as a Hive user... It was super easy to on and offload Hive making it a really decent easy bridge to fool around with.

After all, internet funny money needs to have some purpose in the end right.

But Binance didn't comply with the Dutch regulations anymore and as a Dutch user it wasn't allowed to work with this anymore.

Next up was gate.io. Same things were in place here. Easy on- and offloading Hive with a decent bridge, though way less volume and way more shitcoins on board. It wasn't super reliable, but hey..it worked and that was fine.

Until it didn't comply with Dutch regulations anymore and I wasn't able to use it anymore



On to the next. MEXC was the next one in this and maybe this was the worse one to work with, but again....On and offloading Hive worked but the amount of market manipulation on this board seemed to be on the top of it all.

But you can guess it again. I received a message from them that in October Dutch users aren't able to use it anymore

See where I am heading at?



Demotivating

I would love to say that I liking fumbling around in crypto land, experimenting a bit, bridging and all of those other things. The reality on the other hand is that every year there is some new issue coming up, and the systems how you liked and used to play them are not working anymore in that same way.

That makes it kind of annoying to fumble around with. Because every fumbling around means paying some fee to someone to send or exchange something and that kind of takes the joy out of the whole situation.

My question for you guys (as also some fellow Dutch users) is, how do you all make this work now? Are we using hive-engine to make something happen or what are we doing now?

Because when checking around where Hive is currently listed at the moment, I have to admit it is not at a lot of places. Better said: not allowed at a lot of exchanges where I am allowed to trade as a Dutch.

And all of this is just about coins and itty-pitty amounts. But this is also how crypto started for me. Writing, fooling around with the finds I made from writing and I like that idea of it.

So uhhh...what are we doing?

Comments · 4

  • @acidyo(85)· 15d

    oh, should've read the post better, only for dutch users, okok, hope u can figure out other ways to exchange hive.

  • @acidyo(85)· 15d

    This exchange has had the worst reputation ever and been super shady, I'd say good riddance, will probably not mean much hive offloading since they barely had any so we should be fine.

  • @pardinus(75)· 15d

    Mica basically destroyed a whole lot of companies; as usual, europe shooting both feet. A familiar of mine was ceo of one of the portuguese exchanges, that basically had to stop almost all activity because they couldn't have clearance... because it was made impossible by the government to get it in due time! So I wonder if you have similar scenario there. Given that, and pertaining to hive, maybe dexes are a good way to circumvent the problems you're facing, as an intermediate step?

  • @stresskiller(73)· 15d

    just keep having fun on hive , forget about financial values and enjoy the social ones :)