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Topic: Bitsar.com -Lightning Cryptocurrency Exchange. No KYC & No Registration Required (Read 1284 times)

legendary
Activity: 1778
Merit: 1474
🔃EN>>AR Translator🔃
Ouch that sounds very bad : I have used their service , for a way lower amount than yours, couple of months ago and I was really satisfied with their service both in terms of cost-effectiveness and speed of their service. Also they were running a signature campaign here and they were changing their signature code almost every week and this gave me the impression that they intended to continue to be present here for a certain time.
Unfortunately all the signs say otherwise, they are completely missing in action here and they are not even pretending there is some issues ongoing.

I used this platform several times and I did not have any problems except that completing deposits always took additional time. For example, Bitcoin deposits do not actually arrive after only two confirmations from the network.
In fact, I did not have any critical problems, and I stopped using it since the scam accusation was published then the issue didn't yet get solved.

By the way , few minutes ago this address

received almost 103 ETH maybe someone more experienced than me might give a closer look into what is currently going on with them.

I think it's a deposit address dor one user account but it's still owned by the exchange and can use it for internal transfer or any kind of transaction. It's not in the propriety of the account user.

This user who posted the scam accusation said that his pending withdrawal value was about $6000 then became $9000:
Thank everybody for the advice. I don't get my coins and it's now worth ~$9,000 stuck in Bitsar.  Undecided

I've update in the scam accusations topic.

I can't mention any coin whose value raised 50% in just one day. Maybe the experts can browse the the price market for that day and explain a little more about what should be.

The question is, how much have you traded on this exchange? As you mentioned there's a delay when you're trading on this exchange which means they might be trying to determine who or how much they will scam.

Until now, OP hasn't responded to the scam accusation which makes me feel they have abandoned this thread and this community.

Perhaps you are right on this point regarding whether or not to decide whether to deposit money based on the size of the deposit. Your conclusion may be correct because the largest deposit I made did not exceed $200 in one transfer, meaning it is not a large amount, and I am almost certain that the total amounts I have deposited since registering on the platform did not exceed $2,000.

But at the same time, I cannot ignore the fact that the incident of losing $6,000 is almost the only one because I do not see any other complaints on various sites on the Internet. As I previously explained, the story is suspicious given the rate of increase in the value of those assets, as described by the complainant.

I have used it a couple of times hassles free and with very cheap rates but every time I exchanged under the $200 mark as well so lets say I stayed on the safe side.
Also I agree with you about the 50% increase declared being a bit enigmatic but it is undeniable that Bitsar representative here on the form is missing in action here on the forum for over a month now.
Furthermore their Facebook account and Twitter account last activities are both dated October 1st which more or less coincides with their disappearances from here.
 

Frankly speaking, the absence of any indication from the platform representative here on the forum increases my doubts about the credibility of bitsar. Because I do not imagine that the member who posted the allegation and then disappeared had his problem solved without someone from the platform team coming to confirm that. My doubts increased after it was confirmed that activity on the rest of the official channels, such as Facebook and Twitter, had stopped.

I call on all users to deal with this platform with caution until its activity on official channels returns to its previous normal.
legendary
Activity: 3528
Merit: 1234
Top Crypto Casino
Ouch that sounds very bad : I have used their service , for a way lower amount than yours, couple of months ago and I was really satisfied with their service both in terms of cost-effectiveness and speed of their service. Also they were running a signature campaign here and they were changing their signature code almost every week and this gave me the impression that they intended to continue to be present here for a certain time.
Unfortunately all the signs say otherwise, they are completely missing in action here and they are not even pretending there is some issues ongoing.

I used this platform several times and I did not have any problems except that completing deposits always took additional time. For example, Bitcoin deposits do not actually arrive after only two confirmations from the network.
In fact, I did not have any critical problems, and I stopped using it since the scam accusation was published then the issue didn't yet get solved.

By the way , few minutes ago this address

received almost 103 ETH maybe someone more experienced than me might give a closer look into what is currently going on with them.

I think it's a deposit address dor one user account but it's still owned by the exchange and can use it for internal transfer or any kind of transaction. It's not in the propriety of the account user.

This user who posted the scam accusation said that his pending withdrawal value was about $6000 then became $9000:
Thank everybody for the advice. I don't get my coins and it's now worth ~$9,000 stuck in Bitsar.  Undecided

I've update in the scam accusations topic.

I can't mention any coin whose value raised 50% in just one day. Maybe the experts can browse the the price market for that day and explain a little more about what should be.

The question is, how much have you traded on this exchange? As you mentioned there's a delay when you're trading on this exchange which means they might be trying to determine who or how much they will scam.

Until now, OP hasn't responded to the scam accusation which makes me feel they have abandoned this thread and this community.

Perhaps you are right on this point regarding whether or not to decide whether to deposit money based on the size of the deposit. Your conclusion may be correct because the largest deposit I made did not exceed $200 in one transfer, meaning it is not a large amount, and I am almost certain that the total amounts I have deposited since registering on the platform did not exceed $2,000.

But at the same time, I cannot ignore the fact that the incident of losing $6,000 is almost the only one because I do not see any other complaints on various sites on the Internet. As I previously explained, the story is suspicious given the rate of increase in the value of those assets, as described by the complainant.

I have used it a couple of times hassles free and with very cheap rates but every time I exchanged under the $200 mark as well so lets say I stayed on the safe side.
Also I agree with you about the 50% increase declared being a bit enigmatic but it is undeniable that Bitsar representative here on the form is missing in action here on the forum for over a month now.
Furthermore their Facebook account and Twitter account last activities are both dated October 1st which more or less coincides with their disappearances from here.
 
legendary
Activity: 1778
Merit: 1474
🔃EN>>AR Translator🔃
Ouch that sounds very bad : I have used their service , for a way lower amount than yours, couple of months ago and I was really satisfied with their service both in terms of cost-effectiveness and speed of their service. Also they were running a signature campaign here and they were changing their signature code almost every week and this gave me the impression that they intended to continue to be present here for a certain time.
Unfortunately all the signs say otherwise, they are completely missing in action here and they are not even pretending there is some issues ongoing.

I used this platform several times and I did not have any problems except that completing deposits always took additional time. For example, Bitcoin deposits do not actually arrive after only two confirmations from the network.
In fact, I did not have any critical problems, and I stopped using it since the scam accusation was published then the issue didn't yet get solved.

By the way , few minutes ago this address

received almost 103 ETH maybe someone more experienced than me might give a closer look into what is currently going on with them.

I think it's a deposit address dor one user account but it's still owned by the exchange and can use it for internal transfer or any kind of transaction. It's not in the propriety of the account user.

This user who posted the scam accusation said that his pending withdrawal value was about $6000 then became $9000:
Thank everybody for the advice. I don't get my coins and it's now worth ~$9,000 stuck in Bitsar.  Undecided

I've update in the scam accusations topic.

I can't mention any coin whose value raised 50% in just one day. Maybe the experts can browse the the price market for that day and explain a little more about what should be.

The question is, how much have you traded on this exchange? As you mentioned there's a delay when you're trading on this exchange which means they might be trying to determine who or how much they will scam.

Until now, OP hasn't responded to the scam accusation which makes me feel they have abandoned this thread and this community.

Perhaps you are right on this point regarding whether or not to decide whether to deposit money based on the size of the deposit. Your conclusion may be correct because the largest deposit I made did not exceed $200 in one transfer, meaning it is not a large amount, and I am almost certain that the total amounts I have deposited since registering on the platform did not exceed $2,000.

But at the same time, I cannot ignore the fact that the incident of losing $6,000 is almost the only one because I do not see any other complaints on various sites on the Internet. As I previously explained, the story is suspicious given the rate of increase in the value of those assets, as described by the complainant.
sr. member
Activity: 1638
Merit: 364
https://shuffle.com?r=nba
Ouch that sounds very bad : I have used their service , for a way lower amount than yours, couple of months ago and I was really satisfied with their service both in terms of cost-effectiveness and speed of their service. Also they were running a signature campaign here and they were changing their signature code almost every week and this gave me the impression that they intended to continue to be present here for a certain time.
Unfortunately all the signs say otherwise, they are completely missing in action here and they are not even pretending there is some issues ongoing.

I used this platform several times and I did not have any problems except that completing deposits always took additional time. For example, Bitcoin deposits do not actually arrive after only two confirmations from the network.
In fact, I did not have any critical problems, and I stopped using it since the scam accusation was published then the issue didn't yet get solved.

By the way , few minutes ago this address

received almost 103 ETH maybe someone more experienced than me might give a closer look into what is currently going on with them.

I think it's a deposit address dor one user account but it's still owned by the exchange and can use it for internal transfer or any kind of transaction. It's not in the propriety of the account user.

This user who posted the scam accusation said that his pending withdrawal value was about $6000 then became $9000:
Thank everybody for the advice. I don't get my coins and it's now worth ~$9,000 stuck in Bitsar.  Undecided

I've update in the scam accusations topic.

I can't mention any coin whose value raised 50% in just one day. Maybe the experts can browse the the price market for that day and explain a little more about what should be.

The question is, how much have you traded on this exchange? As you mentioned there's a delay when you're trading on this exchange which means they might be trying to determine who or how much they will scam.

Until now, OP hasn't responded to the scam accusation which makes me feel they have abandoned this thread and this community.
legendary
Activity: 1778
Merit: 1474
🔃EN>>AR Translator🔃
Ouch that sounds very bad : I have used their service , for a way lower amount than yours, couple of months ago and I was really satisfied with their service both in terms of cost-effectiveness and speed of their service. Also they were running a signature campaign here and they were changing their signature code almost every week and this gave me the impression that they intended to continue to be present here for a certain time.
Unfortunately all the signs say otherwise, they are completely missing in action here and they are not even pretending there is some issues ongoing.

I used this platform several times and I did not have any problems except that completing deposits always took additional time. For example, Bitcoin deposits do not actually arrive after only two confirmations from the network.
In fact, I did not have any critical problems, and I stopped using it since the scam accusation was published then the issue didn't yet get solved.

By the way , few minutes ago this address

received almost 103 ETH maybe someone more experienced than me might give a closer look into what is currently going on with them.

I think it's a deposit address dor one user account but it's still owned by the exchange and can use it for internal transfer or any kind of transaction. It's not in the propriety of the account user.

This user who posted the scam accusation said that his pending withdrawal value was about $6000 then became $9000:
Thank everybody for the advice. I don't get my coins and it's now worth ~$9,000 stuck in Bitsar.  Undecided

I've update in the scam accusations topic.

I can't mention any coin whose value raised 50% in just one day. Maybe the experts can browse the the price market for that day and explain a little more about what should be.
legendary
Activity: 3528
Merit: 1234
Top Crypto Casino
Ouch that sounds very bad : I have used their service , for a way lower amount than yours, couple of months ago and I was really satisfied with their service both in terms of cost-effectiveness and speed of their service. Also they were running a signature campaign here and they were changing their signature code almost every week and this gave me the impression that they intended to continue to be present here for a certain time.
Unfortunately all the signs say otherwise, they are completely missing in action here and they are not even pretending there is some issues ongoing.

By the way , few minutes ago this address

received almost 103 ETH maybe someone more experienced than me might give a closer look into what is currently going on with them.



newbie
Activity: 7
Merit: 1
Thank everybody for the advice. I don't get my coins and it's now worth ~$9,000 stuck in Bitsar.  Undecided

I've update in the scam accusations topic.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
You made the post here on 16th October and the  scam accusation on 18th October, can you tell us exactly what communication you had with the Bitsar team regarding your pending withdrawal? From the image you posted previously, it seems today is the 7th day since this incident occurred and that is a long time for any withdrawal to be pending. It has also been four days since you last posted about this issue therefore an update would welcomed.

Has anybody used this exchange? is it trustworthy?

My withdrawal is stuck on "pending" for a long time Undecided
legendary
Activity: 2366
Merit: 1272
Heisenberg
Ok. I don't think I'll ever get back. I lose my coins $6000  Cry Undecided

Offer 30% to anybody who can contact this exchange owner to get my coins "unstuck". Email support doesn't answer me.
Hi MagicWind, what's the update so far regarding your issue?

This is very unprofessional of them and I hope it's not what I am thinking (exit scam). I want to tag them but need to know how far they have gone about with your transaction.
My advice is to avoid this new "instant" exchanges until they are proven trustworthy. There are old ones that have worked over the years, like eXch.cx
hero member
Activity: 882
Merit: 792
Watch Bitcoin Documentary - https://t.ly/v0Nim
Has anybody used this exchange? is it trustworthy?

My withdrawal is stuck on "pending" for a long time Undecided
This is the question that you have to ask before doing any deposit. And you should have found this thread and read other comments before deposit.
I had a problem with them and I have posted my issue in this thread. Here is my comment: https://bitcointalksearch.org/topic/m.62784717
$6000 is a lot of money, I can't imagine how you risked that on an exchange that was created some weeks ago. For larger exchanges, I would check popular exchanges listed on Bestchange. Also, for large orders, I would probably use Fixedfloat.com and easybit.com.
newbie
Activity: 7
Merit: 1
Ok. I don't think I'll ever get back. I lose my coins $6000  Cry Undecided

Offer 30% to anybody who can contact this exchange owner to get my coins "unstuck". Email support doesn't answer me.
newbie
Activity: 7
Merit: 1
Has anybody used this exchange? is it trustworthy?

My withdrawal is stuck on "pending" for a long time Undecided

I read your previous post here where you mentioned that when you deposited a small amount everything went okay. However, now that you've deposited a large amount you can't withdraw.
You can send a private message to the OP here: https://bitcointalksearch.org/user/bitsar-3561501.

You can also post about this situation in this section: https://bitcointalk.org/index.php?board=83.0.



Thanks. I don't want to accuse them of scam because, maybe it's some technical problems? I only get a automatic reply in Chinese from the owner.

Be careful anyone who deposit large amount on this exchange. Possibly like me you can't withdraw your money.  Sad

sr. member
Activity: 1638
Merit: 364
https://shuffle.com?r=nba
Has anybody used this exchange? is it trustworthy?

My withdrawal is stuck on "pending" for a long time Undecided

I read your previous post here where you mentioned that when you deposited a small amount everything went okay. However, now that you've deposited a large amount you can't withdraw.
You can send a private message to the OP here: https://bitcointalksearch.org/user/bitsar-3561501.

You can also post about this situation in this section: https://bitcointalk.org/index.php?board=83.0.

newbie
Activity: 7
Merit: 1
Has anybody used this exchange? is it trustworthy?

My withdrawal is stuck on "pending" for a long time Undecided
legendary
Activity: 2058
Merit: 1166
I took the time and read the entire thread here and one thing I also wonder about is the "no-custody" part for the instant exchange mode. The reason that caught my eye is because I was using a service from a competitor of yours a while ago and they also said that the service is not centralized and they could not intervene with the transaction if they wanted to. But the issue is that they obviously can because something didn't work in their backend, I reached out to the customer service and they manually got it solved. While this does of course involve trust that you honor your obligations, I wonder why you think that there is no moment of custody involved on your behalf?

I get that the service is automated, but that doesn't mean nobody could push a button and decide to not initiate the actual exchange. I am using these exchange services and in many situations it is definitely the easiest and quickest way for crypto to crypto trades. But I have only used modest amounts so far because I am quite sure that there are centralized elements involved in the process. This is what some people here referred to when they are saying that sent coins could get stuck without receiving the bought crypto in return. I think this is not to express distrust here right away, but technically people care whether it is really trustless or it is not.

In your FAQ 4. says "...and Sanbu can easily complete the transaction." I wonder what is "Sanbu"?
legendary
Activity: 3528
Merit: 1234
Top Crypto Casino
Beside the SEO indexing I mentioned in a previous post that need definitely to be worked out properly,

First move I did was texting "best way to swap usdt on tron network to btc" on a search engine and basically most , if not all, of your competitor came up except for you :  this is something you should really work on soon as possible; I also typed "bitsar" and "even "bitsar.com" in search field and your site didn't come up : if you don't fix this I really don't know how potential customers can find your service.

I would suggest also to do something decisive to improve your social network presence : I see just 9 Twitter (I still haven't gotten used to calling it X)  followers, 3 subscribers to your Telegram channel and 157 followers to your Facebook page. Maybe a bounty program could give an easy boost to them but I'm sure Yahoo62278 could suggest you what could be more effective.
It's a waste having a good working product no one knows about.
hero member
Activity: 882
Merit: 792
Watch Bitcoin Documentary - https://t.ly/v0Nim
There is a thing that I don't understand on Bitsar. Why do you have requirement of different fees for different exchanges?
1. BTC to Ethereum instant exchange - Bitsar says that I have to wait for 30 confirmations in order to complete the exchange. Just why do you ask for 30 confirmations? There is absolutely no way that someone will be able to double spend bitcoins after 10 confirmation, overall, 6 confirmation is the gold standard but many businesses accept 1 confirmation. Many of your competitors release funds after 1 confirmation of bitcoin transaction.
2. BTC to Litecoin - 1 confirmation is needed to complete the exchange.
3. BTC to BCH - 1 confirmation is needed to complete the exchange.
4. BTC to Dash - 6 confirmation is needed to complete the exchange.

Why do you wait for different number of Bitcoin transaction confirmations for different exchanges? I think there is absolutely no point.
copper member
Activity: 23
Merit: 2

When I go to www.bitsar.com you will be directed to this link (web mobile browsing) then scroll down till I found the Apple Logo to download the for iOS it was unclickable.
Code:
https://m.bitsar.com/en_US/app_operation/convert

So meaning to say as of now you don't have an app on Apps Store or iOS device.



Hello, Thanks for this clarification. We currently have the apk file, but it is still being upgraded before we'll proceed. It is not yet available on our Play/Apps store. We'll let you know once it's ready.

Also I have a suggestion on your ANN Thread Tittle here in Bitcointalk. Instead of
24hr fully automatic cryptocurrency exchange, NO KYC needed on Bitsar!
Why not
Bitsar - Lightning cryptocurrency exchange. 24hr fully automatic cryptocurrency exchange, NO KYC needed
If you don't mind.

Thank you so much for you suggestion! We have made some changes of the title now. :>
sr. member
Activity: 1638
Merit: 364
https://shuffle.com?r=nba

@OP, where can I find the download link for the bitsar smartphone application for my iPhone (because I can't find it), I really like doing transactions via smartphone, I think it's more convenient.

Hello, Our app is being upgraded. You can directly access our website through your mobile phone to conduct transactions.
Visit www.bitsar.com and tap [Request Desktop Site] option on your browser/safari settings. Let me know if it works for you.
Your instruction is just like using Safari browser with a desktop view.

It looks like Renampun doesn't respond so let me be the one to try it on my iPad which also runs iOS.

When I go to www.bitsar.com you will be directed to this link (web mobile browsing) then scroll down till I found the Apple Logo to download the for iOS it was unclickable.
Code:
https://m.bitsar.com/en_US/app_operation/convert

So meaning to say as of now you don't have an app on Apps Store or iOS device.

Also I have a suggestion on your ANN Thread Tittle here in Bitcointalk. Instead of
Quote
24hr fully automatic cryptocurrency exchange, NO KYC needed on Bitsar!
Why not
Quote
Bitsar - Lightning cryptocurrency exchange. 24hr fully automatic cryptocurrency exchange, NO KYC needed
If you don't mind.
copper member
Activity: 23
Merit: 2

@OP, where can I find the download link for the bitsar smartphone application for my iPhone (because I can't find it), I really like doing transactions via smartphone, I think it's more convenient.

Hello, Our app is being upgraded. You can directly access our website through your mobile phone to conduct transactions.
Visit www.bitsar.com and tap [Request Desktop Site] option on your browser/safari settings. Let me know if it works for you.
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