Crypto Exchange Accounts Being Sold for Thousands of Dollars

January 9, 2018

Crypto Exchange Accounts Being Sold for Thousands of Dollars

As cryptocurrencies continue their seemingly non-stop growth, more and more investors want to invest their money in digital currencies. Cryptocurrency exchanges has faced such an influx of new customers that many of them were forced to disable registration of new users. In response to that, some entrepreneurial people began to sell their existing accounts for thousands of dollars.

Popular exchanges, such as Binance, Bittrex, Bitfinex and Cryptopia, have decided to disable the creation of new accounts while they are working on expanding their infrastructure. Although these restrictions are temporary, some impatient investors are willing to pay a considerable amount of money in the hope of gaining immediate access to the best and most popular cryptocurrency exchanges.

For example, average price for a Binance account is between 0.1 BTC and 0.3 BTC. The exchange itself said that it strongly advises against buying or selling accounts, as it carries serious security risks. Moreover, no one would compensate potentional losses incurred as a result of such a trade. However, the exchange authorities did not mention any potential fines for accounts which were sold and their owners.

It is noteworthy, that today some rumors began to spread over the Internet said that actually cryptocurrency exchanges disabled registration for a reason. Some insiders claim that the authorities of the largest crypto exchanges considering to implement paid registrations for new users.

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