Which exchange do you use, and why, poloniex or masterXchange?
To avoid the pitfalls of highlighting one or two instances of “can’t withdraw, it’s a scam” speculation, I’d rather create a separate topic for a place to gather all the dis/advantages of each. This way, all can make an informed choice based on [err] fact.
If you know of other reputable exchanges that deal with safecoins, feel free to post those links here as well.
Please include source link/s to back up your claim or story.
I’m a long time user of Poloniex because of their service, MAID price/cost, and much more developed user interface.
I like MasterXchange because it’s quick n’ dirty, and gets the job done.
But I’ve never tried Poloniex yet
It’s definitely risky to store your coins in an exchange the way they are set up today; however, these two are the only known reliable locations for exchange.
It’s best to simply deposit, conduct exchange and withdraw; otherwise coins are at risk considering hacking and owners running off, bitstamp hacked; mt gox… etc…
So, no worries about a minor withdrawal fee, always move all decent sums (150+ maidsafecoins or .1+bitcoins) off of the exchanges promptly.
Poloniex has a lower withdrawal fee but a higher commission on trades. Masterxchange is the other way around, higher withdrawal fee (manual withdrawals, which is preferred by some) but a lower commission.
I agree that letting your coins linger on exchanges is an unwise decision, MtGox should have taught everyone that.