Tradesatoshi - BEWARE! Blocking without reasons. - page 11.

fortunecrypto

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Quote from: JollyGood on March 24, 2019, 07:32:10 AM

I am adding these Tradesatoshi scammers to my Scam Alert signature

Nice move this is good for people's awareness, this should be stopped, there are still good exchange out there, I only trade once in tradesatoshi and I notice the exchange lack activity, I just knew they will do a scam exit because they are being beaten by the competition.

DiHunter

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Quote from: JollyGood on March 24, 2019, 07:32:10 AM

I am adding these Tradesatoshi scammers to my Scam Alert signature

Thank you, sir! Right decision.

JollyGood

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I am adding these Tradesatoshi scammers to my Scam Alert signature

DiHunter

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Briefly some facts about Traidsatoshi (read more here:)

1. Raised BTC withdrawal fee to insane 400K sat.

2. Started KYC checks (Did they want to force users leave more BTC on their balances to the time when KYC started? The more BTC on the frozen balance - the greater the incentive for users to accept the KYC or more funds will be freezed, if the KYC-check will be failed)

3. Some users refused to send KYC-info to the unknown exchange with a doubtful origin.

4. Some failed to complete it, because they had different data in their profile and their IDs. (they also couldn't change their data in profile - fields are read-only).

5. So these funds will stay frozen, and some day these accounts will be closed and funds will go to the exchange. Bingo!

6. Traidsatoshi staff interacted with affected and dissenting users by banning them in discord and twitter, and posting stupid pictures in their own topic.

7. After many users complaints Traidsatoshi lowered the BTC fees to attract users, cause their trading volume is incredibly low - only 11 BTC!!! It is the 190 place from overall 2 hundreds at coinmarketcap.

8. Seems, a new cycle of depriving users of their funds has started. Is that what you want?

They are trying to hide the truth under stupid flame in their own topic, but this won't help. Tradesatoshi is an unreliable exchange for trading and listing your coins. Beware of it.

JollyGood

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Quote from: DiHunter on March 16, 2019, 03:06:16 PM

Hey, more amusing news. One guy, whose account was locked also, decided to send them his ID. The result was awesome:

As i said earlier, if you had not filled in your account details with the real name on the stage of registration, you won't pass the KYC: "Your ID details is different in your Account details". And the fields with name, surname, date of birth are read-only, lol. Bingo: your balance is "legally" stolen! Spread the word, please.

Tradesatoshi are scammers. Oh well...

JollyGood

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Quote from: xtraelv on March 23, 2019, 07:14:23 AM

Quote from: DiHunter on March 13, 2019, 12:24:44 PM

Quote from: Crypto Girl on March 12, 2019, 01:03:40 AM

Why you choose to use that, anyway? I mean we have tons of good sites but you still chose that. Honestly, I didn't even dare to use that site since my friend warned me and even my token got listed there, I just wait for another site than to deal with it.

Btw, what happened on the other mail that you use? Do they respond?

You're right, there are many quality exchanges. But there was coin, which had chosen this exchange as first for listing, so i was trading with this coin there.
Seems, they even unblocked my main e-mail, so i was able to send a support request, but got just a standard answer:

Quote from: slaman29 on March 12, 2019, 02:56:01 AM

And from their email, it looks like they consider themselves a financial institution now?

Yeah, seems so)

One guy pointed me at this: https://beta.companieshouse.gov.uk/company/09878766
I'm not sure whether it means something, so i'll just leave it here.

Tradesatoshi Ltd is incorporated in Hong Kong according to its terms:

https://tradesatoshi.com/Home/Terms

It is currently a registered company in Hong Kong according to the register.

https://www.icris.cr.gov.hk/csci/

I'm not sure where it was incorporated prior to this. It is likely that it moved its operation to Hong Kong prior to its de-registration in the UK.

Interesting bit of information

DiHunter

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Tradesatoshi has so much unexplainable love from Venezuelans. This guy is posting spam to hide all users complaints in tradesatoshi thread:

And his nickname sends us to:

Quote

Venezuelan bolívar
The main currency of Venezuela since 20 August 2018

And previously there were these venezuelan guys: https://bitcointalksearch.org/topic/m.50238044

Dissolved in UK, newly registered in Hong Kong, and so much staff from Venezuela - that can possibly point to the real owner.

DiHunter

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Quote from: xtraelv on March 23, 2019, 07:14:23 AM

Tradesatoshi Ltd is incorporated in Hong Kong according to its terms:

....
https://www.icris.cr.gov.hk/csci/

I'm not sure where it was incorporated prior to this. It is likely that it moved its operation to Hong Kong prior to its de-registration in the UK.

Good catch! So, for some reasons (new owner, lawsuits, etc.) Tradesatoshi was forced to change the registration to the asian region.

xtraelv

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฿ear ride on the rainbow slide

Quote from: DiHunter on March 13, 2019, 12:24:44 PM

Quote from: Crypto Girl on March 12, 2019, 01:03:40 AM

Why you choose to use that, anyway? I mean we have tons of good sites but you still chose that. Honestly, I didn't even dare to use that site since my friend warned me and even my token got listed there, I just wait for another site than to deal with it.

Btw, what happened on the other mail that you use? Do they respond?

You're right, there are many quality exchanges. But there was coin, which had chosen this exchange as first for listing, so i was trading with this coin there.
Seems, they even unblocked my main e-mail, so i was able to send a support request, but got just a standard answer:

Quote from: slaman29 on March 12, 2019, 02:56:01 AM

And from their email, it looks like they consider themselves a financial institution now?

Yeah, seems so)

One guy pointed me at this: https://beta.companieshouse.gov.uk/company/09878766
I'm not sure whether it means something, so i'll just leave it here.

Tradesatoshi Ltd is incorporated in Hong Kong according to its terms:

https://tradesatoshi.com/Home/Terms

It is currently a registered company in Hong Kong according to the register.

https://www.icris.cr.gov.hk/csci/

I'm not sure where it was incorporated prior to this. It is likely that it moved its operation to Hong Kong prior to its de-registration in the UK.

DiHunter

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Traidsatoshi staff is spamming their own theme Tradesatoshi.com - CryptoCurrency Exchange with idiotic pictures to hide the comments with users complaints! I hope moderators will remove it, but if not - these attempts look very pathetic anyway, lol.

DiHunter

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More and more user's comments and themes appear with complaints on Traidsatoshi last actions:

DiHunter

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Quote from: Ridwan Fauzi on March 21, 2019, 11:00:20 AM

At least this information can help other peoples in this forum to avoid from this trading place, as you know we have a lot of trading place/exchange here and we never know each people will use a place for trading because they didn't know before about the exchange. So as this information will help especially for newbies which still have a little understanding toward an exchange.

Thank you. Good point! That's what this is all about.

Ridwan Fauzi

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Quote from: Crypto Girl on March 12, 2019, 01:03:40 AM

Why you choose to use that, anyway? I mean we have tons of good sites but you still chose that. Honestly, I didn't even dare to use that site since my friend warned me and even my token got listed there, I just wait for another site than to deal with it.

At least this information can help other peoples in this forum to avoid from this trading place, as you know we have a lot of trading place/exchange here and we never know each people will use a place for trading because they didn't know before about the exchange. So as this information will help especially for newbies which still have a little understanding toward an exchange.

DiHunter

member

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Quote from: zombieapocalypsecoin on March 21, 2019, 09:28:33 AM

Scared of you? why?
Hitbtc have dynamic fees, changes every few hours,
Is not possible that Tradesatoshi uses the same system than Hitbtc and some glitch on their api or something caused the fee to increase?

Sure it was a glitch, which had last for weeks. Wink

All Tradesatoshi is a big glitch.

zombieapocalypsecoin

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LoL

Scared of you? why?
Hitbtc have dynamic fees, changes every few hours,
Is not possible that Tradesatoshi uses the same system than Hitbtc and some glitch on their api or something caused the fee to increase?
I don't think so they are reading your posts here, or who you think you are? Mr Vitallik?

Quote from: DiHunter on March 21, 2019, 08:57:54 AM

Haha, Tradesatoshi has changed their fees after this post (https://bitcointalksearch.org/topic/m.50245384) at BitcoinTalk.

There can be two reasons for this:
1) they specifically increased the withdrawal fees before KYC-check;
2) these fools read our messages and got scared. Wink

This is funny! But! If you have funds there, use this chance, may be it won't last long!

DiHunter

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Haha, Tradesatoshi has changed their fees after this post (https://bitcointalksearch.org/topic/m.50245384) at BitcoinTalk.

There can be two reasons for this:
1) they specifically increased the withdrawal fees before KYC-check;
2) these fools read our messages and got scared. Wink

This is funny! But! If you have funds there, use this chance, may be it won't last long!

DiHunter

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Quote from: Crypto Girl on March 21, 2019, 03:20:30 AM

Looks like you already hit him in his butt. Anyway, I found his account suspicious, after an almost 2 years from being dead account he suddenly gets active and post here. Seems he intentionally post this to kick your ass and accuse that you're hiding something.
Blatantly, he loves tradesatoshi well, see his post history.

Yeah, good catch. May be another venezuelan guy ). All first comments at the reddit-post were from three venezuelan guys, which are fond of Traidsatoshi: https://www.reddit.com/r/CryptoCurrencyTrading/comments/b2w8d6/tradesatoshi_accounts_blocking_beware/
One of them have even said, that some chat moderators (Traidsatoshi moderators, probably) are venezuelans:

Dissolved in UK, new owner in Venezuela? Roll Eyes

Crypto Girl

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Quote from: DiHunter on March 20, 2019, 03:51:00 AM

Quote from: zombieapocalypsecoin on March 20, 2019, 01:48:57 AM

So submit the documents if you are clear, of you are hidding something from us? and not telling us why dont you want to submit the KYC documents?

Who us, buddy? Grin

Most of affected users are hiding their 100$-balances, lol. And this shitty exchange even doesn't have fiat-pairs.

Looks like you already hit him in his butt. Anyway, I found his account suspicious, after an almost 2 years from being dead account he suddenly gets active and post here. Seems he intentionally post this to kick your ass and accuse that you're hiding something.
Blatantly, he loves tradesatoshi well, see his post history.

DiHunter

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Quote from: ?? on ??

Big or small exchanges, the matter is only send coins/ tokens to exchanges when you have plan to sell them in short term, hours or days, because you see them rising nearly to your desired profit-taking price.
If not, storing and holding them all in wallets you have fully control.

Right. But this is an ideal option, it is worth striving for, but in practice it is not always possible to realize it.
More easy for altcoins, but bitcoin fees sometime are too huge to withdraw it from exchange many times.

By the way, the crappy Tradesatoshi have set the fees for BTC withdrawal at 0.004! And seems it had changed just before the KYC-checks started.
Binance has 0.0005 fee for BTC withdrawal vs Tradesatoshi 0.004 fee for BTC.
Binance vs Tradesatoshi, lol. A bit greedy, don't you think so, people?! Wink

Almost by one order of magnitude. And a lot less professional.

vs

DiHunter

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Quote from: zombieapocalypsecoin on March 20, 2019, 01:48:57 AM

So submit the documents if you are clear, of you are hidding something from us? and not telling us why dont you want to submit the KYC documents?

Who us, buddy? Grin

Most of affected users are hiding their 100$-balances, lol. And this shitty exchange even doesn't have fiat-pairs.

The problem of Traidsatoshi is: They block not only accounts, but legally deposited funds also. All these users above had the first-level verification from Tradesatoshi. So they could trade under 2000 $ limit. So all their deposits were legal. But now they are freezed. How could they become illegal? New mandatory KYC-check can't make them illegal if previuosly they were counted as legal by the Traidsatoshi itself. Why not to return them to the owners - send them back to user? And after this users will freely decide whether they want to trade at Tradesatoshi or not.

Traidsatoshi can ask for mandatory KYC-check, no problems. Most small and medium traders will just leave them.

This is a typical third-rate exchange with unknown staff behind it and questionable origin. Giving them your ID info just to trade one shitcoin to another or to btc at best (cause they don't have fiat) is not smart.

I'm posting all this to let users withdraw their funds prior blocking and not to end up hostages of the situation.

ps. And the bullshit about some unknown shitcoin - I'll leave it on your conscience.

Topic: Tradesatoshi - BEWARE! Blocking without reasons. - page 11. (Read 4033 times)