There are many exchange site that you shouldn't use like BiteBTC because its not a well known exchange to be sure there are many trusted exchange sites that you can trust like Binance, KuCoin, Bancor, Cryptopia and Okex this is just what I use these days for exchanging altcoin and some token from bancor.
You should ask for high members here in the forum if what exchange site are safe than using any exchanges without any knowledge.
Topic: Is BiteBTC A Scam?! (Read 218 times)
The crypto-economy is plagued with surprises, each day you wake, one thing or the other makes headlines. Today's most annoying and "Skull Cracking" is waking up to hear after depositing some tokens in BiteBTC that its a scam, and will not allow a withdrawal, that its been known for shady practices, bitcoin scam and KYC fraud. I wish to ask friends, if anyone has had an encounter with this exchange, if its truly a scam?! It seems like only the first 5 exchanges by volume are the most reliable, the rest which are make-shift are 
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??BiteBTC exchange is the pure scam you may find this site name in the badlist on badbitcoin.org.
If you have to join there or move towards their exchange kindly ignore and move away from that to avoid loosing in the market. We people have good exchanges in the market you may use one among them to be stick with the legit projects.
is waking up to hear after depositing some tokens in BiteBTC that its a scam, and will not allow a withdrawal, that its been known for shady practices
BiteBTC is a scam exchange
bitebtc.com - SCAM!!!
if its truly a scam?
yes
It seems like only the first 5 exchanges by volume are the most reliable, the rest which are make-shift are ??
??in my opinion it is better to use binance, and if you use other exchange use the best and knife small deposits. example: you want to buy an altcoin that only has on hitbtc, then buy it in parts. if you have $ 10,000, deposit $ 1000 and buy the altcoin and withdraw
the altcoin for wallet, then repeat the same process.
BiteBTC is a quite shady exchange in my opinion, so I definitely would play safe and rather not touch it instead. I mean, we have more reputable exchanges like Binance anyway, so why risk your funds by using a shady exchange? Unless you have a specific reason to use BiteBTC, I suggest staying away from it instead.
Try read https://bitcointalksearch.org/topic/bitebtc-4994083. Their Thread are locked now and they have self-moderated thread (seems shady, IMO).
I personally never used them, but i already said this
I personally never used them, but i already said this
you have better option to chose more reputable exchange. Use it at your own risk.
The crypto-economy is plagued with surprises, each day you wake, one thing or the other makes headlines. Today's most annoying and "Skull Cracking" is waking up to hear after depositing some tokens in BiteBTC that its a scam, and will not allow a withdrawal, that its been known for shady practices, bitcoin scam and KYC fraud. I wish to ask friends, if anyone has had an encounter with this exchange, if its truly a scam?! It seems like only the first 5 exchanges by volume are the most reliable, the rest which are make-shift are ??
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