From the bizdustry experience, should someone do exchanger business on paid forums?

[Niyi Briggs]

Given that forums can stop paid programs at anytime without prior notice, don't you think the exchange business on forums is a very risky business for anyone to run?

 

[Etini Willie]

I don't think that I would advise anyone to. I have a close friend here that had a terrible experience running exchange on that same bizdustry. He lost so much money.

 

[Hate2Wait]

Its always risky and that's why we should be mindful of the fact that the website may go down or stop paying

 

[IB D]

Its always risky and that's why we should be mindful of the fact that the website may go down or stop paying

So you that does exchange, are you not taking a risk? Or you have measures in place to make you not lose out if the site goes down? I wish you all the best. I can't try it at your level.

 

[Hate2Wait]

At present LTC again crashed so I am in further loss of $2 plus BTC fee has increased and value going down so its tough to exchange

 

[cherry123]

Well you just have to use a site that is well established and go for little exchanges while you also cash out as soon as you can . Nothing online is permanent though

 

[Etini Willie]

At present LTC again crashed so I am in further loss of $2 plus BTC fee has increased and value going down so its tough to exchange

I can imagine this is not the best time to run exchange through cryptocurrency. Why don't you try doing most of your busineses with USDT. It is more assured.

 

[Hate2Wait]

I am still running because I know many need my help to get paid in LTC or any other crypto

 

[Bango]

Yes, it is risky and you should research the forum well. Of course, there are forums like BMF, which are safe, but they change the rules and remove the donating feature. This is a big problem

 

[Stardom22]

It's very risky to do the business of the exchanges for sure. We should be very keen as we are on the trying times and things aren't going good on the paid to post forums.

 

[Etini Willie]

So many people lost money doing exchange business on forums. There was one guy here that I heard in forum coin that bizdustry banned him and stopped him from withdrawing after doing exchange and accumulating many biznotes.

 

[Hate2Wait]

Its full of risks so we should be careful about it and some users try to game the system

 

[nomad]

I do not think exchangers were denied payment on Bizdustry, only those who did not have a VIP membership were unable to receive payment. I have started exchange on RIF and I do not think there is any risk from the admin.

 

[astutimeliana723]

Yes, that's right, it's a risky job. You shouldn't do that, unless it's on a really stable forum like RIF. There may be some who need to withdraw it in a payment system other than Paypal, because Paypal doesn't work in their country.

 

[Hate2Wait]

Its fine but we should also ask admin if there is any risk in this or not

 

[Niyi Briggs]

I think the outlook of the admin as it stands is clearly positive. I run small exchange here too but I don't go in too deep as I can't risk it all. It is a dicey affair.

 

[Hate2Wait]

I am still running my services for limited number of trusted users so I feel I am doing fine with it

 

[Etini Willie]

Its fine but we should also ask admin if there is any risk in this or not

I believe so much in RIF and I think it would not go down but would steadily increase. No need to be afraid of running your business.

 

[eldavis]

The truth of the matter is there is nothing that is not risky, everything has it's share of risks. You simply have to be careful. A lot of Persons made a lot as exchangers and some made losses during the final moment.

 

[Hate2Wait]

I believe so much in RIF and I think it would not go down but would steadily increase. No need to be afraid of running your business.

I believe so too and admin is a trusted person so we can keep working without even worried