I recently deposited 15147 Dogecoins onto HitBTC, At this time 16/01/2022 they are worth $2,767.25, i use Dogecoins for the cheap sending fees and most exchanges use this currency. I was not expecting a price manipulation of $666.00 when i received the dogecoins on the website. [...]
Out of curiosity and perhaps could be a beneficial knowledge for future reference or other users who stumbled upon this thread, do you mind to give a bit more context? Where's this $666 came from? A deposit fee?
Make sure you know the amount it will be converted to in USD and relate it to your doge price before converting it, if HitBTC wants to cheat you, do not convert, you will have no option than to wait until the withdrawal is working good again.
They
are cheating the rate, it's been significantly lower for a while now, as can be seen by comparing to monthly graph I pulled from binance and the image next below. Hitbtc's doge has been below 0.01 since July or so, while binance's barely touched 0.01.
Although if we want to give them benefits of doubt, the rate difference is probably due to other users of their exchange desperately tried to liquidate their doge into other token and move it out of hitbtc at the lowest possible rate because of the said withdrawal issue, thus creating a dump.
maybe I'm seeing it wrong, but the doge price on hitbtc on all pairs is very high compared to any other exchange, [...]
Damn, this exchange still sucks from the first time I saw it. If you are forced to want to withdraw it in another coin, you will lose much less value. They really make a lot of profit from this, forcing users to sell doge on orders they make themselves because users have no other choice.
Doge>
[...]
Yes, you're seeing it wrong. DOGE/USDT on cmc is averaged $0.1665 as per today, January 18th, while hitbtc's rate is --as
noorman0 said, 0.041.
The way I see it, it's a lose-lose situation.
dfbtc can either severely cutloss by converting to USDT or XRP or other tokens like others suggested and withdrawn them from hitbtc --and preferably leave them for good-- or wait until doge price worldwide reached the same value as hitbtc, just for the sake of ---crooked-- peace of mind, because this scenario is no different than the cutloss, you still loss the outstanding value you initially had upon depositing, because I don't think they'll open their withdrawal anytime soon. A quick stroll on google shows me they've been having this "issue" for 9 months
