Topic: HitBTC the next exchange to become insolvent customers not able to withdraw fund - page 3. (Read 691 times)
May 19, 2019, 02:56:57 PM
I have tried to use HitBTC. Terrible experience! The withdrawal fees are insane. The customer support is almost non existence. The more I read about it the more I stay away. It does not surprise me if they close doors one of these days.
May 19, 2019, 02:30:25 PM
I've been in this market for a long time. I never had a serious investment in HitBtc. HitBtc is obviously a questionable exchange. Always be cautious about such exchanges.
May 19, 2019, 12:46:26 PM
Yeah, HitBTC is known for being a "shady" exchange.
Just take a loot at the reddit subreddit (r/EN_HitBTC), most of the posts are people complaining about funds stuck, accouns disabled, etc, etc.
Also, check out this thread in the Scam Accusations board, bunch of people complaining about the same thing since 2017. Overall, HitBTC has always been a shit exchange, good to see that the whole thing is blowing up right now and everyone's exposing HitBTC shit service. Though I hope people can get their funds back.
Just take a loot at the reddit subreddit (r/EN_HitBTC), most of the posts are people complaining about funds stuck, accouns disabled, etc, etc.
Also, check out this thread in the Scam Accusations board, bunch of people complaining about the same thing since 2017. Overall, HitBTC has always been a shit exchange, good to see that the whole thing is blowing up right now and everyone's exposing HitBTC shit service. Though I hope people can get their funds back.
May 19, 2019, 12:43:00 PM
I read few review here and there about hitbtc and how people are facing difficulties in withdrawal, i never experience such, the few occasions i have transact with them was actually smooth but my only issue was the high fees to withdraw, and i withdrew without any kyc although the amount wasn't a huge sum still went through.
Seeing that so many people have bad experience with them i hope they can make adjustment to serve customers better.
Seeing that so many people have bad experience with them i hope they can make adjustment to serve customers better.
May 19, 2019, 12:36:54 PM
I had been using Hitbtc for two years and honestly, everything went smooth even the withdrawals. Yes, they're requiring Kyc now and that might be the reason of some freezing of accounts.
It's just disappointing that they're hardly implementing Kyc in every trader. We can't do anything but just to obey their rule because it also helps for security purposes.
It's just disappointing that they're hardly implementing Kyc in every trader. We can't do anything but just to obey their rule because it also helps for security purposes.
May 19, 2019, 12:32:25 PM
I used them over a year ago and havent had any problems with withdrawing from them then. And never was asked to provide any identification to verify my account before doing these withdraws. And now they do. So what searching do you suggest doing before posting this news about them? Article about them committing fraud was published just the other day. 
If you check their ANN thread in the exchange section you will see all the problems with their customers withdrawals they are having currently posting about them for months now.
If you check their ANN thread in the exchange section you will see all the problems with their customers withdrawals they are having currently posting about them for months now.
May 19, 2019, 12:29:52 PM
This thing is pretty common for the other services that deal with fiat. You san have your funds on Skrill or PayPal and get your account freezed until you pass full KYC. This thing is also waiting for everyone who wants to trade forex.
There is nothing special about this until you follow their ToS. You should just remember that no one in the entire internet cares about scan of your ID. In dark web you can buy a full verification pack for about $2. If your documents had any worth they could be already stolen a dozen timed via some governmental bodies.
There is nothing special about this until you follow their ToS. You should just remember that no one in the entire internet cares about scan of your ID. In dark web you can buy a full verification pack for about $2. If your documents had any worth they could be already stolen a dozen timed via some governmental bodies.
May 19, 2019, 12:27:16 PM
HitBtc has always had problems for the user to withdraw btc. It's not something that happens now, just search. This does not mean that it will close or that it will become insolvent. It's part of their business being a bad exchange, and that's why they accept so many shitcoins.
May 19, 2019, 12:12:28 PM
I think it is unfair since as what have been posted on the article the KYC requirement on their TOS was just recently added and old-users was not notified by those changes. They should've just put a period of time for people who would not want to undergo KYC to get their funds out before freezing the account. Hitbtc is used by most traders due to their no kyc procedure platform. I guess only few well-known exchange have no kyc-procedure.
May 19, 2019, 12:00:28 PM
Heard about this rather well known exchange among the cryptocurrency exchange having issues with settling customers requests to process their withdrawals a few weeks ago.
https://ambcrypto.com/hitbtc-is-insolvent-claim-customers-facing-trouble-withdrawing-funds-for-several-weeks
Didnt think much of it and thought it would just clear itself up eventually.
But then reading about an article just posted today about them asking full kyc or they will keep any customers funds.
https://www.ccn.com/hitbtc-users-shout-fraud-kyc
So they are holding any cryptocurrency a customer has in their accounts hostage for those who do not comply?
Is this acceptable and have other exchanges done this in the past without giving a time frame to be able withdraw your funds if you do not want to go through the process of verifying your exchange account this way?
https://ambcrypto.com/hitbtc-is-insolvent-claim-customers-facing-trouble-withdrawing-funds-for-several-weeks
Didnt think much of it and thought it would just clear itself up eventually.
But then reading about an article just posted today about them asking full kyc or they will keep any customers funds.
https://www.ccn.com/hitbtc-users-shout-fraud-kyc
So they are holding any cryptocurrency a customer has in their accounts hostage for those who do not comply?
Is this acceptable and have other exchanges done this in the past without giving a time frame to be able withdraw your funds if you do not want to go through the process of verifying your exchange account this way?
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