Topic: Bitsar.com -Lightning Cryptocurrency Exchange. No KYC & No Registration Required (Read 1277 times)

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.

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.
 

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.

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.

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

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.

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:

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.

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.

Thank everybody for the advice. I don't get my coins and it's now worth ~$9,000 stuck in Bitsar. 

I've update in the scam accusations topic.

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.

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

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.

Ok. I don't think I'll ever get back. I lose my coins $6000 

Offer 30% to anybody who can contact this exchange owner to get my coins "unstuck". Email support doesn't answer me.

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. 

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.

Has anybody used this exchange? is it trustworthy?

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

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"?

Beside the SEO indexing I mentioned in a previous post that need definitely to be worked out properly,


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.

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.

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.


Thank you so much for you suggestion! We have made some changes of the title now. :>

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.

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

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Also I have a suggestion on your ANN Thread Tittle here in Bitcointalk. Instead of
Why not
If you don't mind.

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.

Oh okay. So far, it does follow the same pattern -- that it works with chrome/chromium based browsers.

I looked it up and duckduckgo --on android-- and microsoft edge are chromium based.



Firefox is heavily recommended by privacy enthusiasts so I hope it gets optimized along with adding segwit addresses.

thanks for the information:

this is how it looks when I open bitsar in my firefox browser, you can see it is very slow and keeps loading;



but when I open it via Microsoft Edge, the display is very smooth,

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@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.

Thank you very much for your suggestions. We will sort them out and submit them. We are very happy to accept your feedback and make changes. Sorry again for the delay in your transaction. Thank you very much for your understanding.




There is no problem with this withdrawal amount. No need to worry about our liquidity. The limits we give are what we can do

I received my coins, thanks. I hope it won't happen again too. By the way, do you plan to reduce the number of confirmation for bitcoin transaction on instant exchanges? For example, when you try to exchange BTC to other altcoin instantly, your competitors send coins once your bitcoin transaction gets 1 confirmation while you are waiting for 6 confirmations, don't you plan to at reduce this number? Believe me, it can annoying for users who choose float rate.

That's really a huge number. This website doesn't have such a big trading volume, no one will be able to fulfill an order of even 1 million USDT to Bitcoin order and I think in this case, its playing with numbers or am I wrong Bitsar?

I tried either with Chrome and Edge with almost same loading time ( around 10 seconds) on my desktop PC; also tried with duckduckgo on my mobile phone, had to switch settings to desktop site otherwise I had no way to see  spot trading option, and ...surprise...it took a couple od seconds to have everything displayed and operational.

Thanks for trying! What browser did you use?

I tried to load the website again after reading your post but no luck! I played with my VPN (paid) again, and nothing. I tried with another different browser-- brave and it worked! it did load slow (particularly the charts) but it worked.

The browsers I've tried last night were firefox and librewolf. I just remembered librewolf is a fork of firefox which could explain why they had the same result. Brave by the way is chromium based. So perhaps, this doesn't do well with firefox/firefox based browsers? however, I do remember accessing the spot market on the 24th of September using firefox browser and it went fine.

Anyhow, I was gonna try this but found their deposit addresses for btc are all legacy -- instant and spot. This came as a surprise since segwit addresses have been the standard.

Just tried it myself and actually it took about 30 to 40 seconds , during which I was displayed that same screenshot you posted , to load the pair I was browsing, than the order book filled and lastly the graph was visible.
But after that initial stalling phase  whatever pair I selected it was immediately available with all infos.


So, spot trading is available now ( seems like no maintenance ongoing) but maybe something should be improved in site loading.

Just to put it out of the way, my was question was about the withdrawal limit and it has been answered.

Now, I'm trying to access the spot trading and it doesn't load. Is there a maintenance or something?



I did try with a different browser (with extensions and blockers disabled), without an account and changed countries but no luck.

Hello,

We are currently working on it. We will improve this to do better. Thank you so much for your suggestion!


Hello,

Your feedback are extremely valuable to us, and it motivates us to keep on providing our valued users the most trusted, safe and secure crypto conversion! As for the suggestion, we are on it. Thank you so much!


Hello,

We want to express our heartfelt gratitude for your positive review of our service. We  also appreciate the time you spent completing this review. We're happy to hear that our service met your expectations. We'll be striving hard to make sure that using our site is quick and easy!


Hello,

We appreciate your choice to use Bitsar. Yes, you can message us via live chat or use the following contact details mentioned on our post. We’re so excited to help you!


Hello,

We sincerely apologize for the inconvenience caused to you. We highly appreciate your tolerance and understanding. Please rest assured that your coins are safe. Please give us 24 hours to take care of the problem. We accept all user supervision in the forum. We have expedited the processing of technical issues.


Add/Edit:
Hello, your order has been successfully transferred to your account.
Cause of the issue: Due to some issues with the accuracy setting of the currency pair.
We have fixed and processed the issue, and it won't happen again. Please accept our apologies again.

Wow. TBH, I just know that there is an exchange who allow non verified users can withdraw more than $10,000. According to my experience, the maximum amount of money that we can withdraw for non verified account is only around 2 BTC. So, it is a special advantage to use Bitsar for people who don't want to pass KYC. Moreover, I read on the site, it is actually no need for registration to use Bitsar service. I'm amazed how you really respect people's privacy.

Is it possible for each person to withdraw maximum 5,000,000 USDT per day? It is surely a huge amount, in my local exchange we only can withdraw below $20,000 daily.

I also never saw any exchange that allows their users to withdraw 5,000,000 USDT daily. But if Bitsar provides it, I think it is not fishy to me. Why it is fishy? Anyway, Bitsar even allows any one to withdraw without the need of KYC. Bitsar wants to offer something different to people.

Am I reading this correctly when you say that your daily withdrawal ''limit'' is 5 million USDT?  
I doubt that any new exchange has that amount of USDT coins available every day, this sounds a bit fishy to me.

I gave your service a try for the first time and I'm probably never going to use it again.
I wanted to exchange bitcoin to altcoin, chose quantity of coins, yeah, rates are good, nothing special but good for this service. Then, I deposited my bitcoins to your address, waiting to get 6 confirmations on my transaction to get my altcoin but surprise, your system got stuck at 3 confirmations while my transaction had more than 6 confirmations. Then I contacted your customer support, which was very slow and probably not knew much but finally managed to get answer and she told me that technical group would inspect that problem but hours have passed and still my order is frozen. It's just super simple to send me my altcoins.
I have some questions:
1. Why is your system so problematic? First deposit and already got problems.
2. I chose your exchange because it had slightly better fees than other websites, what's the point of choosing your exchange if I have to wait hours or days. Some bucks doesn't worth the headache.
3. It's optional but 6 confirmations for an instant exchange is more than necessary.
4. You probably didn't notice but the Bitcoin logo is very low quality on your website:

up to $5 million without KYC! wow even I doubt there are other exchanges out there that give WD withdrawals up to millions of dollars without KYC.

I will make bitsar my active exchange, of course I will directly talk to help when I need it

Couple of days ago had to send a fraction of BTC to someone and decided to give a try at your service using some USDT trc20 I had sitting in a wallet.

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.

And this is really a waste because next step I did was comparing you and some of your competitors ( the ones who came up first on web search) to find out your service is the more convenient from a customer point of view (following screenshots were taken in the same minute and opted for float rate wherever I was given the choice to do it)

Simpleswap


Changenow


Changelly


Fixedfloat


Bitsar



Once I found out Bitsar was the cheaper I gladly went for it.
Thing I liked  most is I was not required to create an account or input an email or just fill any slightly personal information to do so, I just :

 - Filled the amount of USDT I wanted to send
 - Chose the currency I wanted to swap to
 - Entered the BTC address I wanted to send to and clicked "Exchange Now" button
 - Then I was asked to send the required amount of USDT, sent them and in a few receiver confirmed he got his BTC


100% satisfied with my first experience using your service, five stars rating until now from me, bookmarking it for further use.

I have visited the site and it is clear that the design is really easy for everyone to understand and the appearance of the trades for advanced mode is also quite good. Apart from that, I see a security section that only exists for personal verification without anything else, but I myself still haven't verified by uploading documents. In general, this bitsar exchange is quite light and makes it easy for every user to access it from any device.

I think a suggestion like this also needs to be considered by the OP so that the announcement thread can look more lively and not boring for visitors because it can also generate interest from new users and a certain influence for everyone who has just seen this bitsar exchange. So this is indeed important for the OP to implement because the OP really has to make better developments in every matter related to Bitsar.

They have purchased a copper membership and can post images whenever they like. I will contact the owner and try to convince him to create an image for the OP. Images will make the announcement look so much better.

Please remember that newbies ranks are not allowed to display images in their posts. The best thing they can do is to rank up to Junior Member or they can pay someone to post their announcement thread, which allows them to include images in their posts. Or someone can send merit to the ANN Thread in order to be able to rank up.

Edit:
My apologies, I didn't notice that they already have the Copper member rank.

Haven’t visited the site, I could say it’s design comes with an ease to understand nature to it, non registrations is required and supports over 35 coins to swap from and to with over 8 blockchains to utilize, the exchange seems very much in order to deliver some quality service. Fees fixed and floating between 1% to 0.35% of volume isn’t overly what’s obtainable.

Although, I must note that the announcement thread seems a lot more dull and unattractive as it is and you might at OP consider adding pictures to the Ann thread and some other floating icons. That would serve for a clickbait and serve for a campaign on service.

We are happy to know that everything were carried out smoothly! No worries, you don't need to perform KYC to withdraw above $10k. Even if you are not verified, you can still withdraw for up to 5,000,000 USDT daily. Please note that the minimum and/or maximum amounts for deposit and withdrawal can be previewed before entering in an amount. If you encounter problems during use, you can consult online customer service for help, thank you for your support and attention, and wish you a happy life.

Edit:
The 5,000,000 USDT withdrawal should be the maximum single exchange amount Bitcoin.

I have continued my review above, and everything went smoothly 

I want to ask, is it big to apply KYC for withdrawals above $10k? will there be no KYC at all but only limiting the maximum withdrawal?

Hello, Thanks for your inquiry and supportive recommendation. We appreciate you bringing this to our notice. May I know exactly what limits are you pertaining to? Is it about the limit order, or the restrictions?






Hello, I appreciate your reply and your kind suggestion. Our thread is all about our main page which is the Cryptocurrency Exchange, therefore, we don't require users to register or get verified in our site. We focus on this function, and only provide other page functions. It is up to you to decide whether to use it or not. Not your keys, not your coins, this is what our team recognizes, and we hope our users will also recognize it. This is not false advertising. We firmly believe that users are conscious of protecting their assets, rather than keeping funds out of exchanges. Although we also provide such services, it does not affect our suggestion that users keep coin tickets by themselves.  If you want to use other features in our website, such as Buying Crypto coins using fiat currency, registering an account and KYC is a required. Your feedback is greatly valued!




Hi! We are happy to know that you are using our platform. If you need some questions, you may use our live chat. Let us know and we'd be happy to assist you.

I'm trying to make a deposit on my bitsar account



currently still pending,



I will edit back and revise my experience of depositing and withdrawing at Bitsar

continued above, my deposit confirmation took less than 2 hours, that's because I used the fee with the lowest fee lol

after confirmation, I immediately traded with the TRX/BTC pair and the fee that was charged was not up to 1 trx



I proceeded to withdraw TRX directly to my another TRX wallet and everything was confirmed without me needing to do KYC.

The amount of hipocrisy coming from a single person just in a single thread is overwhelming.

You say you don't need KYC then you say you need KYC.

Also, using the "not your keys, not your coins" expression in marketing content writing for a custodial service is a most dishonest marketing ever.

Please clean up your thread and rewrite what you actually advertise here. I also suggest to remove the "NO KYC" part from your thread's title, since you have clearly stated you are a "taint proclaiming" service and require KYC.

I see you're also doing spot trading, what are the limits for it?

I can't seem to find any information for this. It appears there is no help center for self-help articles (aside from the FAQ) which I highly recommend doing so as it would cause less strain to your support team.

Hello, Thank you for your warm welcome.

1. We do not have a so-called headquarters, our team are in distributed offices, just like most digital currency exchanges.

2. We weren’t against KYC. We require KYC once it involves legal currency trading.

3. We apologize that we cannot inform you of the total amount of our reserve currency due to some reasons.

4. Most of our transactions are completed within a few minutes. If there is fraud, we won’t be able to cover it up. Everyone is keeping an eye on us. In addition, we also have a twitter small channel and other contact information.

The floating exchange rate is different from the introduction of the exchange rate. Because of our current activities, the price of the floating exchange rate is momentarily reduced, and we hope that more users can try to use our services.

We apologize for the errors. As per the maintenance of the website, we still continue to put a lot of effort into doing better and enhancing our website.

Thank you for your interest and inquiries

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Hello, Please accept my apology for the inconvenience. You may please visit our official website www.bitsar.com. Thank you so much for your interest! In case you have additional concerns and/or questions, let us know and we'd be happy to assist you.

It would be nice if you could add the website link to your post OP. It took me a while to find it, and I'm assuming you don't want that.

Welcome on this forum Nice to see another company but I have some questions.
1. Where is your headquarter located? Where do you have offices?
2. What kind of license do you have? Because I can't imagine saying no KYC when you hold a license to operate exchange.
3. What are your financial reserves (How much bitcoin/altcoins do you hold)?
4. Why should I trust this exchange?

On website, I see that Float rate is 0.35%, on your FAQ page I read the following:

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There are some other errors that need to be fixed on FAQ page. One advice that I can give you right now is to change font family on Trade page, I don't know if its only me but I find it hard to read numbers on orderbook, they look very bold and harsh.

Hello, Thanks for getting back.

Since the topic of our post is the website's home page, the Currency Exchange (converter), we don't require users to register or get verified in our site. You can exchange without registering an account. KYC is not required.
 
Legal currencies are fiat currencies. If you plan to use other features in our site, like buying crypto coins, registering an account is a must. Why? We must perform KYC verification for users purchasing and selling coins due to legal restrictions, to make sure you don't use our website to engage in illicit activities like money laundering.  If you need to use fiat currency to purchase a cryptocurrency, it can only be used after the KYC verification is completed.

If a non-registered user uses our home page, and the order fails to be converted successfully, we will return your funds to the original way. In this case, you may please provide your order number so we can help you. Live chat on the website is also available, and other contact details are also provided. Non-registered/verified users can message.

Please be aware that once a transaction has been initiated and the system accepts it, it cannot be canceled. Please confirm and double-check that the order is correct before proceeding with the transaction. The instant exchange function transaction cannot be canceled as long as you successfully transfer to the account you provide. If you haven't transferred the money, just stop the transfer or get a new order. Old orders can be ignored. I hope this helps.

The idea is still vague, given that the user is not required to register or verify his account. What exactly do you mean by "legal currency"? As far as I can see, the platform works on exchanging between cryptocurrency pairs. In simpler words, how will the user be contacted if any problems occur in the exchange process, given that he is an anonymous user who does not have an account registered on your platform? Perhaps I did not understand your answer well, but I still see my questions as legitimate, especially since the service is new and still needs a lot of effort to gain the trust of the community.

Hello, We are happy to hear from you. What we want to do is to exchange coins and coins. We will not force customers to verify their identities if legal currency is not involved. If legal currency is involved, we will ask customers to verify before proceeding with the transaction. There will be no after-deposit There is no problem with the audit of funds. As for the maintenance of the forum section, we are still working hard to do better, thank you for your valuable suggestions.

This point may not be clear enough because there are possibilities that I do not know if you have taken into account. Since the platform does not require identity verification procedures, can you explain to us how your system will act with deposits that come directly from Mixer platforms or from any source that can be considered suspicious? If you do not take this into account, then your system itself may turn into a mixer for cleaning suspicious funds, and not just trading.
Also, in cases of refund, how will the client be contacted if he deposited from an address that is not owned by him or directly from a trading platform or any other site?
By the way, this announcment thread for the platform is very poor, and I advise you to hire a professional manager t manage professional ads campains then to display more details in a beautiful way, and I do not know if you have a marketing strategy here on the forum.

Hello, My apology for not quoting your question in my response, and we are so glad we heard back from you.

Because this is a hypothetical problem, it did not actually happen. Kindly describe clearly which function you encountered when using kyc? Because depending on the situation and the use of different sections, (e.g. flash exchange on the homepage, buy and sell coins, wealth management, and currency deposits are traded in the standard market), the corresponding solution plans are also different. If you just use the lightning exchange on the homepage, there is no KYC.. (Please see quote #5 for additional reference)

I am going to quote myself once again because you haven't responded to this query and instead chose to respond to others.


We would love to know what you would do when such a scenario comes up because believe me, it does come up as the grip of mandatory KYC verification keeps getting tighter with different centralized exchanges.

Hello, We're glad to hear back from you. The Instant Exchange feature on the homepage does not require you to create an account. However, you have to sign up in order to use the Spot Trading.

Understood. I have also noticed that none of your app links work properly, they're all redirecting to this page:


Where there is nothing but a list of trading pairs.

It's also unclear whether you provide spot trading or not. it looks like you do, but the "fees" and "about us" pages make it sound like you only have the instant exchange.

Hello, Thank you for your attention to us. You can try a small exchange first. It is convenient for you to quickly understand our transaction process. If you encounter any problems during the period, you can get help through the online customer service.




Hello, please don't worry, we don't have this problem. All your trading liquidity is provided by us. There is no third party situation. Moreover, the exchange is automatic and timely. There will be no stuck situations. If you have any worries, you can try a small conversion to understand our transaction status.



Hello, We want to express our heartfelt gratitude for your attention and suggestions. Your feedback is greatly valued! We will try our best to do better. And the forum activities will continue. Have a nice day!

OP I got to know about this exchange and announcement thread through a well known manager (yahoo62278) and if it came to this platform through him them be rest assured of your project but this exchange does looks more like a DEX  wit no KYC which I think members would definitely indicate interest in it. I like the outlook of the exchange and it is unique. The UI is quite alright and the exchange features are quite numerous as one can swap for any coin or token of their choices but I will advise a a new exchange here is the right place for publicity and as such, you would make it very high and huge but in other to achieve that, you1month advertisement and publicity would not be enough to cover the campaign because this is an exchange and as such would need constant publicity. Do well to extend your campaign lifeline for a longer period so that members would not be sceptical about your presence here.
You can use bestchange as an example. They have long been in existence here and are still running their campaign with their exchange recording numerous successes. You can achieve that too only if you extend your campaign and already you have a reputable manager in charge of your campaign.

I think what Jerome was trying to ask is whether you're using a third-party service to provide liquidity, or all of the funds are yours, and if you've built this from scratch yourself.

If you are using a third party, this would mean that they are the ones processing the transactions so if they decide to ask the user for KYC, the users have to comply. Correct? An example to give for this is wallets with built-in exchanges like Exodus, atomic wallet, etc. They have zero control over the swap feature, so if any issues arise, the wallet provider can't do anything and the user has to contact the third-party service.

I saw the exchange platform from the signature campaign that one of us yahoo62278 dropped today, and from there I checked the website to see the content of the exchange and when I enter the site omen, I was first thinking that it is a mixer. It does not look like an exchange. I don't know why exchange that are coming now are difficult to understand. Binance, Busa, Ramitano and others that I have used is not like this. Those ones that I listed are very simple to use. Even mixer, I have not seen a simple mixer to use. All mixers I have been trying to use, have one issue or the other.

Hello, We truly appreciate your message about our service.
 The instant exchange function on the home page does not require KYC. Because it does not involve legal currency. There will be no audit issues. If you need to use the credit card to buy coins, you need to go through KYC verification. We encourage customers to use their own wallets. Perform currency exchange. The coins are all in your own wallet. So there is no such audit problem. Because the transaction is automatically processed by the system from time to time.

Your crypto exchange uses other bigger third-party crypto exchanges for Liquidity, correct?

If yes, then what happens if a customer's funds are blocked in a third party exchange pending KYC verification, maybe due to a suspicious transaction. What do you do in this scenario because you already promised your clients that your service will not require KYC?

Hello, We're glad to hear from you. Fully automatic trading will not get stuck. If the transaction fails, we will refund the funds. Thanks for your message! You may please visit us, or contact us if you need further assistance. Have a nice day!

looks nice but since it is all automated..

what happens if due to traffic surge the transaction is stuck?

i don't have any altcoins right now or i would have tested your service out.

gl

Man is born free but everywhere is in chains. If you don't want that, the first step is to take full ownership of your property, not your keys, not your coins.

Bitsar.com is a new type of flash exchange. Bitsar is a reliable and legitimate website and has always had a good reputation.
Bitsar respects the anonymity and security of its customers; no KYC is required for the exchange. Bitsar works completely automatically.


Visit our website and complete a transaction with just a few clicks. Convenience, speed and safety are what we have been pursuing.

We promise:

-The best price: the industry's lowest exchange rate of 0.35%, here you can get the best price you can get.
-Fastest speed: It only takes a few clicks to complete the transaction in 1 minute. Can be used without registration
-The fairest model: We do not store user funds, and when your funds are sent, the corresponding funds are automatically issued by the system. 0 manual operation.
-The most considerate service: We provide 24/7 hours of service throughout the year. And support twitter/telegram inquiry service.
-Safest: We do not store your funds


Contact Information:
-Email: [email protected]
-Facebook: https://web.facebook.com/bitsarexchange/
-Twitter: https://twitter.com/Bitsar_Exchange
-Telegram: https://t.me/Bitsarexchange

To learn more, visit www.bitsar.com now!