There is no doubt that binance exchange is the best exchange here in crypto world, it is the most trusted and popular exchange and i am sure that trading on binance will be very worth it and i suggest that hitbtc is also one of the best exchange now.
Did I listen HitBTC?
A big NO to HitBTCWhenever, I start my list of shady exchanges, I put HitBTC on the top. From last 3 years, I am regularly using HitBTC because most of the coins have it as their initial destination of listing so I am forced to trade my new coins on it. During my experience with HitBTC, I have encountered various incidents of shady activities. I will share one with you.
So this incident happened in Jan 2018. I had quite a good holding of TRX in my Binance wallet. Price of TRX was sky-rocketing and went from 200 sats to 1200 on Binance. Then around 5 or 6 Jan, it went to as high as 1800 sats. At the same time, it went to 1600-1700 on HitBTC too. But in 2 or 3 hours, market again wiped out and price was down to 1200 on Binance. However, buy orders were still open in HitBTC and I saw that as golden opportunity to arbitrage. So I took my TRX out from Binance and sent them to HitBTC wallet. But HitBTC immediately halted TRX deposits and all my TRX were stuck in the middle. Then I opened HitBTC forum and found out that I wasn't the only one, almost 20-25 more TRX stuck posts were created by people who were looking to make profits from arbitrage.
But HitBTC deposited our accouts after 3 days and before crediting our HitBTC accounts with TRX, it filled all open orders of TRX on its own making all the profits. The price further fell to 800-900 sats after 3 days and we were in loss from our previous position by 30%.
So maybe HitBTC is not a scam site but it is surely the most shady one.