HitBTC.com - The most advanced cryptocurrency exchange - page 7.

JollyGood

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Quote from: hitbtc on December 23, 2019, 12:47:28 AM

Quote from: TheFuzzStone on December 13, 2019, 02:46:49 AM

And another "lucky client" of HitBTC who thinks about suicide.
HitBTC have blocked the user's funds (about 160,000 USD) and do not want to return them, although the client has already provided them all requested documents:

Let us start by sharing the good news with those concerned about the user: he is alive and well. Our team is constantly in touch with him in the ticket.

All we're trying to do is establish whether he's the real owner of the account. We're always willing to cooperate and it is always in our best interest for a user to pass the verification process without any delays.
Unfortunately for both parties, the data provided by Vasiliy is partial at best. The situation is complicated further by the fact that the user is trying to claim an account that's been involved in suspicious activities in the past.

Thank you all for your interest in the case.

A blatant case of selective scamming.

HitBTC should have their offices raided by legal authorities and their owners should be receiving lengthy jail sentences.

JanpriX

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Quote from: hitbtc on December 23, 2019, 12:47:28 AM

Unfortunately for both parties, the data provided by Vasiliy is partial at best. The situation is complicated further by the fact that the user is trying to claim an account that's been involved in suspicious activities in the past.

Thank you all for your interest in the case.

Suspicious activities like what? Like money laundering and something along those lines? It would be great if you could provide more evidence and share important information but I guess that would not be possible because of certain "rules" that you might break? Roll Eyes

Vod

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Licking my boob since 1970

Quote from: hitbtc on December 23, 2019, 12:47:28 AM

The situation is complicated further by the fact that the user is trying to claim an account that's been involved in suspicious activities in the past.

OK - you stated it - the user is possibly scamming.

You should provide evidence to back this up, otherwise - besides violating any privacy policy you may have ,you look like you are scamming funds.

hitbtc

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Quote from: TheFuzzStone on December 13, 2019, 02:46:49 AM

And another "lucky client" of HitBTC who thinks about suicide.
HitBTC have blocked the user's funds (about 160,000 USD) and do not want to return them, although the client has already provided them all requested documents:

Let us start by sharing the good news with those concerned about the user: he is alive and well. Our team is constantly in touch with him in the ticket.

All we're trying to do is establish whether he's the real owner of the account. We're always willing to cooperate and it is always in our best interest for a user to pass the verification process without any delays.
Unfortunately for both parties, the data provided by Vasiliy is partial at best. The situation is complicated further by the fact that the user is trying to claim an account that's been involved in suspicious activities in the past.

Thank you all for your interest in the case.

honglu69

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Quote from: gentlemand on December 21, 2019, 06:38:48 PM

Quote from: honglu69 on December 21, 2019, 01:18:39 PM

Liquidity is not same as trading volumn. HiBTC trading volume are high at many market, but not highest. There are many higher reported trading volume exchange there. Liquidity number is supposed to be real number
after removing scamming trades. Liquidity most likely is real number on bids/asks and traders can obtain those in real trades.

bids/asks could be wash trades too with self trading money. But it is unknown how much wash trades there in HitBTC. But HiBTC usually has very tight bid/ask spread so that my impression is that liquidity at HitBTC was real on dogecoin, litecoin, bitcoin and ethereum markets. I only trades those there and do not know other market that much. But my impression of past experience says that HitBTC liquidity ranking number 1 is reasonable and believable.

I can only assume liquidity is based on CMC counting all the buys and sells in each order book or republishing what they're told by the exchange. Both can be easily faked if they can be bothered.

If you can find anything about how CMC measure it then let us know.

yes, liquidity can be faked too. But it is hard to do that. I have read report that traditional high frequency trading in Wall Street was faking the bid ask. The way to do was that fakers can show up huge bid ask in order book.
As soon as the real buyer or seller jump in, the order book would magically cancel the the huge order just one tens millions second before the real order come in. Those high frequency bid ask faking things probably does not matter that much for small traders, the small traders should be getting this bid ask. It would be insane to cancel order on any small real orders coming.

One could argue that high frequency trading shady practice exist in both wall street or crypto market, it is evil that one have to live with in the market.

gentlemand

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Quote from: honglu69 on December 21, 2019, 01:18:39 PM

Liquidity is not same as trading volumn. HiBTC trading volume are high at many market, but not highest. There are many higher reported trading volume exchange there. Liquidity number is supposed to be real number
after removing scamming trades. Liquidity most likely is real number on bids/asks and traders can obtain those in real trades.

bids/asks could be wash trades too with self trading money. But it is unknown how much wash trades there in HitBTC. But HiBTC usually has very tight bid/ask spread so that my impression is that liquidity at HitBTC was real on dogecoin, litecoin, bitcoin and ethereum markets. I only trades those there and do not know other market that much. But my impression of past experience says that HitBTC liquidity ranking number 1 is reasonable and believable.

I can only assume liquidity is based on CMC counting all the buys and sells in each order book or republishing what they're told by the exchange. Both can be easily faked if they can be bothered.

If you can find anything about how CMC measure it then let us know.

honglu69

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Quote from: JollyGood on December 20, 2019, 07:01:27 AM

Quote from: gentlemand on December 19, 2019, 10:48:04 PM

Quote from: honglu69 on December 19, 2019, 10:45:43 PM

Coin Market Cap has liquidity ranking and HitBTC has largest liquidity, larger than Binance. It trading fees are extremely low, lower than Binance. Liquidity and low trading fees are likely to attract big traders there still.

I refuse to believe that figure is real. Somewhere as shoddy as this joint will not attract more business than competently run exchanges with, like, identifiable people running them and actual regulation.

This exchange is hardly ever mentioned outside this thread and when it does it's almost always negative.

It really is time for CMC to stand up and accept responsibility for allowing the space that helps scammers facilitate their scam.

With CMC allowing any exchange to send any figures and then for CMC to display them is playing its own very important part in the scam process.

Liquidity is not same as trading volumn. HiBTC trading volume are high at many market, but not highest. There are many higher reported trading volume exchange there. Liquidity number is supposed to be real number
after removing scamming trades. Liquidity most likely is real number on bids/asks and traders can obtain those in real trades.

bids/asks could be wash trades too with self trading money. But it is unknown how much wash trades there in HitBTC. But HiBTC usually has very tight bid/ask spread so that my impression is that liquidity at HitBTC was real on dogecoin, litecoin, bitcoin and ethereum markets. I only trades those there and do not know other market that much. But my impression of past experience says that HitBTC liquidity ranking number 1 is reasonable and believable.

JollyGood

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Quote from: gentlemand on December 19, 2019, 10:48:04 PM

Quote from: honglu69 on December 19, 2019, 10:45:43 PM

Coin Market Cap has liquidity ranking and HitBTC has largest liquidity, larger than Binance. It trading fees are extremely low, lower than Binance. Liquidity and low trading fees are likely to attract big traders there still.

I refuse to believe that figure is real. Somewhere as shoddy as this joint will not attract more business than competently run exchanges with, like, identifiable people running them and actual regulation.

This exchange is hardly ever mentioned outside this thread and when it does it's almost always negative.

It really is time for CMC to stand up and accept responsibility for allowing the space that helps scammers facilitate their scam.

With CMC allowing any exchange to send any figures and then for CMC to display them is playing its own very important part in the scam process.

gentlemand

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Welt Am Draht

Quote from: honglu69 on December 19, 2019, 10:45:43 PM

Coin Market Cap has liquidity ranking and HitBTC has largest liquidity, larger than Binance. It trading fees are extremely low, lower than Binance. Liquidity and low trading fees are likely to attract big traders there still.

I refuse to believe that figure is real. Somewhere as shoddy as this joint will not attract more business than competently run exchanges with, like, identifiable people running them and actual regulation.

This exchange is hardly ever mentioned outside this thread and when it does it's almost always negative.

honglu69

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Quote from: MMysterious on August 07, 2019, 11:37:15 AM

Yes, I also experienced in BTC-Alpha asking too many documents, then rejects it and ask again until you give up. It is quite surprising why still so many people keep using HitBTC despite its many unsolved issues.

Coin Market Cap has liquidity ranking and HitBTC has largest liquidity, larger than Binance. It trading fees are extremely low, lower than Binance. Liquidity and low trading fees are likely to attract big traders there still.

honglu69

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Quote from: milewilda on August 21, 2019, 02:50:45 AM

Quote from: Farma on August 21, 2019, 02:24:46 AM

Quote from: sheenshane on August 20, 2019, 11:33:35 PM

I still remember in a year back of 2017 when I was new in trading at HitBTC exchange site. And this is the first trading exchange that I used at that time. So far, I never experience any difficulties and didn't face any troubles until I stopped and withdraw my fund earlier in the year of 2018. But now, I saw that HitBTC is plagued with complaints. So, my guess is better to stay away on this exchange.

yes, I also remember that. HitBTC used to be one of the recommended places to trade, it's just that now, there have been so many complaints that come, and most of it from withdrawing pending very long.

As far as I use HitBTC, I don't have any complaints other than the fee that is big enough for now. Well, I hope HitBTC can be like it used to be Cry

Tremendous fee is the main reason why i leave this exchange.Its true that no exchange is 100% clean or safe from issues.Sooner or later there would be problems to pop out no matter how good the exchange is.The important thing is on how they do resolve it out and dont make the issue piled up and leave it unresolved.Lets take for example on how Binance is doing.

I have used hitbtc for a while back with no problem. I just noticed huge amount of complain on withdraw and withdraw fees. It seems that HitBTC has only Dogecoin withdraw fee set at very low (2 doge) for almost free, everything else coins all have huge withdraw fees. HitBTC has lowest trading % fees compared to Binance etc. Maybe it is their strategy to drive out retail traders other than those dogecoin lovers and tailor to institutional traders only with huge volumn.

henke1

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HitBTC Is “Longest-Running” Fraud, Investigator Claims

HitBTC an Insolvent Scam Operation, Claims Cybercrime Investigator
Roll Eyes

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Quote from: drlukacs on December 14, 2019, 09:14:25 PM

well, do you have enough shame to live the rest of your life promoting the exchange scams? If you say Hitbtc is transparent and prestigious, then how do you answer about this guy's case, bitcointalk username is Thewowman777 and he just lost 1 Bitcoin at Hitbtc even though he sent enough documents verify 3 times in a row. Link : https://bitcointalksearch.org/topic/resolved-hitbtc-use-kyc-to-keep-my-our-funds-5143493
and not only for this victim, there are many people who accuse about the lie of HitBTC when continuously detaining the sender's money there. so tell me why? Why do you spend your life helping abusers? You should be punished

Please enlighten us, who is trying to promote HitBTC?
As far as i know their rep profile here already has 6 tags from DT: https://bitcointalk.org/index.php?action=trust;u=194708

But am still wondering why the flags made against them are inactive given the number of unresolved scam accusations.
- https://bitcointalk.org/index.php?action=trust;flag=895
- https://bitcointalk.org/index.php?action=trust;flag=894

Harriti

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Quote from: dude is fine on December 20, 2013, 04:08:17 PM

Looks promising. Lets hope they won’t repeat MtGox $ withdrawal fate…
Applied for beta.

dont hope, it happened to a lot of people and they lost money confusing when Hitbtc's support system never accepted any user documents! This is an old and miserable trick of their friends, we should avoid this exchange before losing money absurdly. As for the projects intended to be listed on this exchange, we should not invest, because all are the link of the scam.

drlukacs

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well, do you have enough shame to live the rest of your life promoting the exchange scams? If you say Hitbtc is transparent and prestigious, then how do you answer about this guy's case, bitcointalk username is Thewowman777 and he just lost 1 Bitcoin at Hitbtc even though he sent enough documents verify 3 times in a row. Link : https://bitcointalksearch.org/topic/resolved-hitbtc-use-kyc-to-keep-my-our-funds-5143493
and not only for this victim, there are many people who accuse about the lie of HitBTC when continuously detaining the sender's money there. so tell me why? Why do you spend your life helping abusers? You should be punished

TheFuzzStone

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Quote from: gentlemand on December 13, 2019, 09:32:31 AM

Maybe this is the same person - https://old.reddit.com/r/Bitcoin/comments/e9z11e/hitbtc_do_not_respond_to_tickets_frozen_a_huge/?sort=confidence

Yeah, it's the same guy.

Quote from: gentlemand on December 13, 2019, 09:32:31 AM

but there's an interesting post here suggesting something I hadn't heard of before - https://old.reddit.com/r/Bitcoin/comments/e9z11e/hitbtc_do_not_respond_to_tickets_frozen_a_huge/fan86o4/

Verifying with some sort of parent company and then Hitbtc responding. Dunno if it works or not.

Hmmm.... interesting...

gentlemand

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Quote from: TheFuzzStone on December 13, 2019, 02:46:49 AM

And another "lucky client" of HitBTC who thinks about suicide.

HitBTC have blocked the user's funds (about 160,000 USD) and do not want to return them, although the client has already provided them all requested documents:

Maybe this is the same person - https://old.reddit.com/r/Bitcoin/comments/e9z11e/hitbtc_do_not_respond_to_tickets_frozen_a_huge/?sort=confidence

but there's an interesting post here suggesting something I hadn't heard of before - https://old.reddit.com/r/Bitcoin/comments/e9z11e/hitbtc_do_not_respond_to_tickets_frozen_a_huge/fan86o4/

Verifying with some sort of parent company and then Hitbtc responding. Dunno if it works or not.

fratoshi

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https://twitter.com/vasiliybockha/status/1205040461204873216

TheFuzzStone

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thefuzzstone.github.io

And another "lucky client" of HitBTC who thinks about suicide.

HitBTC have blocked the user's funds (about 160,000 USD) and do not want to return them, although the client has already provided them all requested documents:

logfiles

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Quote from: raindropactual on December 12, 2019, 08:10:13 PM

Enough is enough. HitBTC is insolvent and selectively scamming cryptocurrency users. Stop using it and spread the word.
https://twitter.com/Raindropactual/status/1205162036252094470

Luckily i withdrew my last assets from the exchange recently. For an exchange that has been in the business for a while. The fee is absolutely exploitative and ridiculous. Basing on the reports from other users in the past, their support is the most useless thing around.

I would never trust this exchange with even a cent.

Topic: HitBTC.com - The most advanced cryptocurrency exchange - page 7. (Read 109462 times)