Author

Topic: is bitrex exchange cheater (Read 190 times)

legendary
Activity: 2408
Merit: 2226
Signature space for rent
January 27, 2020, 02:02:06 AM
#10
Is Bittrex implemented something new recently? If so I am not aware about it. My first trading experience started from Bittrex exchange. Usually they don't harrass their users without any issue. I have submitted KYC since it's their requirement for withdrawals, but comparatively they are better than some other shady exchange. I didn't noticed much pump dump there. The question about KYC, then most of exchange asking for it. Due regulation of jurisdictions they might open multiple exchange, it's not something to call them cheater. This is just a disadvantage for use centralized exchanges.
legendary
Activity: 3472
Merit: 10611
January 27, 2020, 01:23:33 AM
#9
bitrex banned many countries and freez/disabled accounts why ?

because 2 years ago they did the same thing and made millions from this scam as they disabled lots and lots of accounts of their old users who trusted that they won't change their own word overnight. banning all these users out of nowhere overnight gave them a huge amount of coins they were keeping on their accounts that meant millions of dollars pure profit in a blinking of an eye.
now that they have lost nearly all their customers and their rank has dropped down to nearly the bottom of the list they have to scam more people to stay afloat.
legendary
Activity: 2534
Merit: 1233
January 26, 2020, 06:49:39 AM
#8
bitrex banned many countries and freez/disabled accounts why ? we use bitrex  from there starts,is it not cheating with investors and tradars?we was trade and pay high fees,we get no any benefits from Bittrex exchange.
have you ever read the policy, term, and conditions of Bittrex? And why have been people's accounts froze or banned? Because they have a valid reason. When users don't follow the terms and conditions, they have the right to ban or freeze your account. You have to follow their terms.
Exactly, the most important thing before we complain is to always read first the Terms and Conditions of the site or even the FAQ. Banning of some countries because they are following government jurisdictions. Probably OP you might read this Terms and Conditions and including this Privacy Policy also understand it very well.

I dont see any reason for banning and frozen accounts in Bittrex exchange. That is not a good practice if you are not reading further the dos and dont.
hero member
Activity: 1008
Merit: 531
January 26, 2020, 06:45:28 AM
#7
You can hardly blame an exchange for what regulators choose to impose on them.

I mean, even if there isn't explicit bans, there are implicit sanctions that certain jurisdictions impose on others and they expect regulated entities/exchanges to follow their line of policy. Iran, for example, is one such country that is constantly being excluded in the ToS of crypto exchanges, including LBC.

Bittrex is definitely not the best crypto exchange out there and is past its heyday, but this is not their own fault necessarily. They should definitely try co-operate with the users to get their funds out, though.
sr. member
Activity: 1372
Merit: 322
January 26, 2020, 05:40:35 AM
#6
bitrex banned many countries and freez/disabled accounts why ? we use bitrex  from there starts,is it not cheating with investors and tradars?we was trade and pay high fees,we get no any benefits from Bittrex exchange.
have you ever read the policy, term, and conditions of Bittrex? And why have been people's accounts froze or banned? Because they have a valid reason. When users don't follow the terms and conditions, they have the right to ban or freeze your account. You have to follow their terms.
legendary
Activity: 3374
Merit: 1922
Shuffle.com
January 26, 2020, 05:19:31 AM
#5
Bittrex isn't the only exchange who launched a second exchange for certain countries didn't Binance did the same for their traders in the US ?

If your account got disabled they probably found something unusual with your account like deposits coming from gambling sites or another case where their T&C was broken.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
January 26, 2020, 04:48:58 AM
#4
So basically, Bittrex is doing what most exchanges who have KYC and are regulated do. Makes them no different from any other exchange like them to be honest.

Now you learn your lesson, don't keep your balance there or on any platform. They only want to make money. They don't care one iota about you.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
January 26, 2020, 03:54:10 AM
#3
bitrex banned many countries and freez/disabled accounts why ? we use bitrex  from there starts,is it not cheating with investors and tradars?we was trade and pay high fees,we get no any benefits from bitrex exchange.
I snipped the rest of your post because it is just garbled up nonsense and the above part is the only thing that made sense to me.

You need to use your brain. Bittrex is a company, they have some policies and under the jurisdiction of a government. They are not decentralized but a centralized exchange and hence forced to comply with some anti-money laundering systems.

They may change terms and conditions as necessary. This is not something that will remain constant since start, terms change and you have to move on if their terms are no longer favorable to you. Also dont store coins on exchanges after trades are done. This will minimize losses when the next exchange that you go to freezes accounts.
hero member
Activity: 1358
Merit: 509
January 26, 2020, 02:31:40 AM
#2
I cannot see a subject that makes bittrex cheater. This is an ordinary procedure. Obviously, it did not want to be compressed by some institutions and decided to continue slowly from the edge. Otherwise, they would not have "burned" earnings this way voluntarily. Anyway, consider it as an opportunity to switch to DEX. Thus, nobody can ban you.
newbie
Activity: 336
Merit: 0
January 26, 2020, 01:57:49 AM
#1
bitrex banned many countries and freez/disabled accounts why ? we use bitrex  from there starts,is it not cheating with investors and tradars?we was trade and pay high fees,we get no any benefits from bitrex exchange.
no reffrals benefit no any airdrop no any giveaway,and bitrex wsa lounch bitsdaq for asia and create very hiyp for this but no benefit any user investor converted candies to tokens  1000=1 worth nothing and get nothing,is it not cheating?why launched Separately exchange for asia and submited KYC? SO  am says clearly these cheating tricks is not good for crypto,investors and traders its not any govermints projects it is privet sector it is privet investors and traders, and we also told these that you are a like a frog and frog very happy in a small dirty water
and thinking that is world, but it is not world it is only a small dirty water.
               CRYPTO FOR ALL WORLD NOT FOR SMALL DIRTY WATER
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