Community Alert: Remove assets from Bitpaction immediately

Stephen Hyduchak
BridgeProtocol
Published in
2 min readJul 9, 2018

Our community has reported issues with the Bitpaction exchange, an exchange where TOLL token is currently trading.

After numerous attempts to contact their leadership, we have received no response. We urge the community to stop using Bitpaction immediately. If possible, you should withdraw your TOLL tokens from the exchange. Some users report being able to withdraw, others cannot.

This type of customer service and radio silence is the epitome of the need of regulation in this space. These events fuel the Bridge teams work ethic to bring compliant IDs to everyone; as soon as possible.

As a general best practice, it is never advisable to store funds on an exchange, regardless of the size/reputation of it. The safest way to store cryptocurrency is in a wallet where you control the private keys; a hardware wallet is ideal.

Our partners at Switcheo are trading TOLL and we urge use of their platform and their platform only. We feel this is the best way for users to control their assets and keys to protect themselves from the bad actors of this space.

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Stephen Hyduchak
BridgeProtocol

Blockchain, Identity Verification and AI keep me up at night. CEO of Bridge Protocol and Aver.