Coins cannot be withdrawn from the BitAsset exchange

BitAsset Exchange was founded in 2017 and has offices in Hong Kong and Taiwan. The Likecoin I earned a few hundred dollars from playing Matters before was converted into BTC and placed on it. Because the transfer fee is a bit high, I have not moved it.

Later, due to the policy of mainland China, it is not allowed to play virtual currency, and the BitAsset exchange gave time to clear it, but I did not receive the email and notification at that time. Unable to log in, submitting a work order + passport + address verification has been failing, and finally got the message “Users in mainland China are not supported for now”

I can’t log in, and I can’t withdraw the coins, but fortunately, I know that the exchange is still there, and I haven’t run away, but I often change the domain name and email address, and several official support channels are also abandoned from time to time.

There are inherent risks in placing coins on exchanges, and running away from the exchange is equivalent to running away with your coins. Because you don’t have a private key, your coins are only stored in the database of the exchange’s centralized server, and may be stolen by hackers. Still the same sentence: Not Your Keys, Not Your Coins, without a private key, it is not your coin. We just trust the exchange, just like we put money in the bank. The bank is a centralized trust institution, but the bank also has the right to freeze your account. Banks may also fail, such as the recent run on SVB Bank.

Hundreds of dollars, I wonder if I can get it back? If you can’t get it back, it will be used as tuition. Take it back and add a few chicken legs.

There are a total of 433 Chinese characters in this article, count it right.

¥ tipping support

Scan the QR code and share this article to WeChat Moments