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Bitcoin exchange experiment gone wrong
#1
Hi everyone!

I'm new the forum and this is my first post... a cry for help!

I recently started experimenting with Bitcoin and wanted to get some Ethereum. I bought some Bitcoin (luckily a small amount) and transferred it to the CEX.io exchange. When I tried to convert it to ETH I was informed the min trade value is 0.01 BTC. I've got 0.002... BTC so now its stuck in limbo. I cannot withdraw either as they have a minimum withdrawal limit of 0.01BTC which I wasn't aware of.

I've written to their support for help and have been met with "that's our policy, sorry". So according to their thinking, I have to add 0.008 BTC to get my balance up to 0.01 BTC and then pay them for their wonderful service too before I can withdraw.

I'm glad I tested this with a small amount as part of the learning curve, but I'd still like to get my "Bitcents" back.

Any advice on how to get my currency out of there? I'd be grateful if anyone could assist me.

#2
Trade somebody for cash?

#3
I'd say leave it and forget about it. It's going to cost more fees to transfer to Cex (or maybe not) then cost more to convert or send it back. I did this with Jaxx once and lost half of what I initially sent it. It's not worth the mission in my opinion.

What you might be able to do is see if you can change the mining fees to "low" and see if that adjusts the minimum.

#4
So that is the same as rocking up at the JSE's front door with the silver and bronze coins you found in your couch. Given your 200 000 satoshi is worth about R150 in USD it is not considered money it is only $11. You probably picked the wrong exchange.
I am using bittrex to trade some altcoins and I have not noticed any minimum amounts. Recently bought $50 worth of ripple.

Bite the bullet, buy some more BTC (transfer it there) then trade for your ETH.
The fee for a transfer is normally in the region of R2-R5 when there are not a lot of transactions. Not sure if this might be fixed on the exchange.
Or ask a buddy to transfer his BTC there so you can get it out.

Asking on a forum with 1 post, there is no way anyone is going to loan you their BTC wich is worth about $45.

Ask yourself would you send me your login details so I can get your money out? Yep, though so

#5
You can also just get Ethereum on Ice Cubed exchange locally for Rand.
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