As of this writing, Cryptopia's SmartCash wallet is still disabled.
Due to an update to the SmartCash wallet because of the release of smartnodes, trading on Cryptopia remains suspended. This has been incredibly frustrating for those who want to sell or move their Smart into their wallets. With the smartrewards snapshot fast approaching on the 25th of this month, it is becoming more annoying with each passing day.
Cryptopia is one of the few exchanges where SmartCash is available for purchase, and unfortunately, I have some Smart stuck in limbo because of this situation. Thankfully, most of mine is stored in the official wallet, so I won't be losing out on all smartrewards if this drags on past the 25th.
Nevertheless, it is aggravating that Cryptopia has taken this long to update their wallet. As a result, it is very unlikely that I will be using this particular exchange in the future, as this situation is unacceptable. But it is a stark reminder of something that many people have reiterated:
Don't hold your coin on exchanges!
There are plenty of reasons why you shouldn't hold your coin on exchanges. If the site is hacked or shut down for some reason, you're SOL. And if your preferred exchange happens to be taking an excessive amount of time to update their wallet, you lose the ability to take profits or do ANYTHING with your coin.
Obviously, using exchanges is a necessary evil when it comes to buying and selling crypto, but it is incredibly important to transfer it out of them ASAP.
All uncredited pictures from the pixabay.com
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