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Topic: Tradesatoshi - BEWARE! Blocking without reasons. - page 7. (Read 4033 times)

legendary
Activity: 2534
Merit: 1713
Top Crypto Casino

Running Defense for 2 fraudulent exchanges for free at the same time?
"Voluntary" Public Comm Officer  Wink  

I have used trade satoshi twice and spoke with one of their mods once.

I don't use them myself so why would I recommend them to others ? I don't recommend them.

What I have said is something I have said on many exchange threads.

Read the terms. Be familiar with the terms.

Registering under a false name is contract fraud. Do you think it is OK to register under a false name ? If so - please say so.

At the moment I'd be reluctant to have funds on any exchange. In this bear market, with numerous 51% attacks, data breaches and wallets hacked -  exchanges are high risk.

Shitcoin alt exchanges are even more high risk than mainstream ones.



Now this part I agree with. With all these hacks going on and risks of 51% attacks is it worth holding coins on exchanges because of the high risks? I would say do not take risks.

As long as it takes syncing blockchains and as much space as it occupies on your hard drive it might be better to keep your most valuable coins away from exchanges, for now at least.

legendary
Activity: 1288
Merit: 1926
฿ear ride on the rainbow slide

Running Defense for 2 fraudulent exchanges for free at the same time?
"Voluntary" Public Comm Officer  Wink  

I have used trade satoshi twice and spoke with one of their mods once.

I don't use them myself so why would I recommend them to others ? I don't recommend them.

What I have said is something I have said on many exchange threads.

Read the terms. Be familiar with the terms.

Registering under a false name is contract fraud. Do you think it is OK to register under a false name ? If so - please say so.

At the moment I'd be reluctant to have funds on any exchange. In this bear market, with numerous 51% attacks, data breaches and wallets hacked -  exchanges are high risk.

Shitcoin alt exchanges are even more high risk than mainstream ones.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
I wish I had visited this thread before I sign up with this exchange. Except for receiving deposits, everything else go wrong. This exchange use Very misleading tactics. It is a Trap.
Even if issues get resolved at the end, the time, the energy, the frustration are overwhelming.
Can you imagine making a withdrawal since yesterday (wallet address verified) 475 confirmations and still the coins are not yet in my wallet. That's one
They have disabled LTC withdrawal ( so they say) that's issue no.2
BEWARE OF THIS EXCHANGE!!!



Sorry to read about your situation. You are right it seems they are selective scamming on a high scale with so many complaints against them piling up.

This is one exchange that everybody should avoid.
sr. member
Activity: 1246
Merit: 257

The issue you're talking about is: User agreed to pass the KYC-check, but the personal information, provided by him earlier was innacurate, so he can't complete it. This is only one aspect of this story.

But this is not the case, i'm talking about.
From one side, the exchange can ask for a mandatory KYC-check (normally with a notification in advance, which was not done by Traidsatoshi).
From the other side, user can deny to pass it. In that case he won't be able to trade anymore - this is ok. But, all the funds he had before KYC were deposited or traded by him under the Level 1 verification from Tradesatoshi, so they are all legal. So all this funds must be returned to the owner. By now Tradesatoshi is denying users to withdraw their funds, which is totally unacceptable!

Ultimately if you have used their platform - you agreed to the terms. By registering with a false or incorrect name or details you committed a fraudulent act or made a serious error when entering a contract.

Usually people don't need to "change their name details" unless they gave false details.

It is something you will need to sort out through their support ticket system. Ultimately though it comes down to a user error. (Deliberate or not)

The only way to check whether someone gave false details is to ask them to verify their identity which appears what they have done and appears consistent with their terms.

People will have opposing views on this but registering (entering into a contract) with a false name (alias) is a crime in some jurisdictions.

Running Defense for 2 fraudulent exchanges for free at the same time?
"Voluntary" Public Comm Officer  Wink 
newbie
Activity: 22
Merit: 0
I wish I had visited this thread before I sign up with this exchange. Except for receiving deposits, everything else go wrong. This exchange use Very misleading tactics. It is a Trap.
Even if issues get resolved at the end, the time, the energy, the frustration are overwhelming.
Can you imagine making a withdrawal since yesterday (wallet address verified) 475 confirmations and still the coins are not yet in my wallet. That's one
They have disabled LTC withdrawal ( so they say) that's issue no.2
BEWARE OF THIS EXCHANGE!!!
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
I am saying Tradesatoshi is deliberately malicious.
AML as excuse to steal.
Delist as excuse to steal.
And bullshit artist to post excuses on behalf of the Craptopia crime syndicate.

Tradesatoshi is never going to recover negative posts and reviews, after what it has done and is doing to its users Tradesatoshi deserves to be closed down.
sr. member
Activity: 1246
Merit: 257
I am saying Tradesatoshi is deliberately malicious.
AML as excuse to steal.
Delist as excuse to steal.
And bullshit artist to post excuses on behalf of the Craptopia crime syndicate.
legendary
Activity: 1288
Merit: 1926
฿ear ride on the rainbow slide

An attempt to present Binance as unreliable exchange through the citation of controversial media content looks very unconvincing. The shift of emphasis from the fact that a respectable exchange, on the example of Binance, in a case of blocking users' funds follow a transparent legal and reasonable procedure, to an irrelevant controversial statement about the danger of this exchange for the market, is not only unconvincing, but also intellectually dishonest.



Lets just archive this and revisit my comments in 2 years time and see what has developed and see if Binance is still the poster child you claim it to be.



Looks like my warnings about Binance were right....

Any exchange can get hacked but the volume and legal structure of Binance make it risky.

Deposits and withdrawals are currently frozen.

According to Binance they control 350000 BTC and 20% of the BTC trading volume.

I'm not saying Binance is deliberately malicious. I admire what Changpeng Zhao’ has accomplished and I believe his intentions are good. He is super clever and has
done some incredible things.

It is just that centralized trading and lack of independent oversight carries huge risks. Sometimes good intentions can still result in disaster. Crypto works best when it is decentralized. Too much in on location becomes a risk from both hackers and government action.

Even companies with complete legislative oversight can go bust so legislation or licensing is not a guarantee of safeguarding. (e.g Barings Bank)

It comes back to: Keeping funds on any exchange is risky.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
https://t.me/tradesatoshigroup  
Funny, every now and again, some new user finds this SCAM TRADESATOSHI cheerleading telegram group complaining about their lost coins and locked out accounts. DO NOT USE TRADESATOSHI and if you have access to your account...get your coins off now.


I suppose this is the best advice any user of tradesatoshi can adhere to.

Take your crypto out of there and move it another exchange or to your desktop before they selective scam you too !
member
Activity: 154
Merit: 28
Tradesatoshi scam-machine keeps stealing users money:





jr. member
Activity: 213
Merit: 1
https://t.me/tradesatoshigroup  
Funny, every now and again, some new user finds this SCAM TRADESATOSHI cheerleading telegram group complaining about their lost coins and locked out accounts. DO NOT USE TRADESATOSHI and if you have access to your account...get your coins off now.
legendary
Activity: 3010
Merit: 8114
They posted this sob story in their official thread. Looks like they are gone. That's about all we can do.

bye bye bitcointalk  Sad

Unfortunately this thread was taken over a group of scammer who keep spamming with the intention of blackmail not only Tradesatoshi but anyone who disagree with the them.
Without success we tried to get those post deleted and bring some moderation to the thread but instead Bitcointalk moderators delete our posts from users: zyrenth and trade-sa-to-shi.
Those post that where deleted had valuable information for our users. Users who come to Bitcointalk to get this news.

"Spamming with the intention of blackmail"? How does that work? By the way, their posts were being deleted because they kept bumping their thread within a 24 hour period.

Remember to be careful and avoid to post your personal information on the internet.

Yeah like uploading ID documents to dodgy exchanges.

legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
TradeSatoshi has been sending payment for withrawals of  BTC with absolute minimum possible transaction fee. making sure that the transaction goes unconfirmed and better yet they even double spend on those transactions.
they have been sending trxid with  
0.25 sat/WU - 1 sat/B


just one of the proofs of them is here... you can follow the trail and find they have been doing this for almost a week now!



https://www.blockchain.com/btc/address/1APuKMiXr89n5rb9iUKqcrAZ5jiQ6SFmoo
https://www.blockchain.com/btc/address/1A5FjoJzYpY674bZtENAg4Sy5ae7MGrEMr
https://www.blockchain.com/btc/tx/7976eb6ac462d751d7495c64f2c2f5950d80fa662304630d1b6ac28e8356ae9d
https://btc.com/7976eb6ac462d751d7495c64f2c2f5950d80fa662304630d1b6ac28e8356ae9d


Outright disrespect for their own customers. In such a busy network, people will not receive their funds or will have to spend extra on transaction acceleration services.


As this user did:







Thank you for posting this because it is another very interesting aspect to the manner in which Tradesatoshi conducts its business.

They have the hallmarks and behaviour of a company about to pull an exit scam.... let us see what happens in the coming days.

BEWARE - must avoid Tradesatoshi
member
Activity: 728
Merit: 13
They're freaks!I've encountered them before!Moderators every one of you stupid bastards!We have to do something!It's time to punish such exchanges and such people!And they are here on the forum?That they silent?They have nothing to say.
sr. member
Activity: 2030
Merit: 269
TradeSatoshi has been sending payment for withrawals of  BTC with absolute minimum possible transaction fee. making sure that the transaction goes unconfirmed and better yet they even double spend on those transactions.
they have been sending trxid with  
0.25 sat/WU - 1 sat/B


just one of the proofs of them is here... you can follow the trail and find they have been doing this for almost a week now!



https://www.blockchain.com/btc/address/1APuKMiXr89n5rb9iUKqcrAZ5jiQ6SFmoo
https://www.blockchain.com/btc/address/1A5FjoJzYpY674bZtENAg4Sy5ae7MGrEMr
https://www.blockchain.com/btc/tx/7976eb6ac462d751d7495c64f2c2f5950d80fa662304630d1b6ac28e8356ae9d
https://btc.com/7976eb6ac462d751d7495c64f2c2f5950d80fa662304630d1b6ac28e8356ae9d


Outright disrespect for their own customers. In such a busy network, people will not receive their funds or will have to spend extra on transaction acceleration services.


As this user did:





I agree they should have sent withdrawals when there is less traffic in the network, and not when in it's highest or better get the best transaction fee so they will get their funds, I don't know if this is the only exchange that does this, but this is not a good practice.
member
Activity: 154
Merit: 28
TradeSatoshi has been sending payment for withrawals of  BTC with absolute minimum possible transaction fee. making sure that the transaction goes unconfirmed and better yet they even double spend on those transactions.
they have been sending trxid with  
0.25 sat/WU - 1 sat/B


just one of the proofs of them is here... you can follow the trail and find they have been doing this for almost a week now!



https://www.blockchain.com/btc/address/1APuKMiXr89n5rb9iUKqcrAZ5jiQ6SFmoo
https://www.blockchain.com/btc/address/1A5FjoJzYpY674bZtENAg4Sy5ae7MGrEMr
https://www.blockchain.com/btc/tx/7976eb6ac462d751d7495c64f2c2f5950d80fa662304630d1b6ac28e8356ae9d
https://btc.com/7976eb6ac462d751d7495c64f2c2f5950d80fa662304630d1b6ac28e8356ae9d


Outright disrespect for their own customers. In such a busy network, people will not receive their funds or will have to spend extra on transaction acceleration services.


As this user did:



legendary
Activity: 3010
Merit: 8114
OK, let me clarify. There was no chance to withdraw before KYC. I experienced it the hard way. Have no info about point 2 because I had proper account info.

Well, we're getting pretty far off topic, but they've never asked me for KYC, so I don't know what to tell you.
member
Activity: 228
Merit: 10

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


OK it looks like I missed this earlier, but I still don't think its good business for an exchange to suddenly impose KYC on everybody and then lock customers out of their accounts for refusing to comply. Every other exchange that has done this:

1. gives the customers the chance to withdrawal their funds, or
2. allows the customers to change the information they entered to match the supporting documents they are uploading

...

Not every. See bittrex thread for example.

Like I said, I've never once had a problem with Bittrex in the 5 years I've been using them. This was OP's last post about Bittrex:

I was wrong totally and the issue was self inflicted and resolved.

OK, let me clarify. There was no chance to withdraw before KYC. I experienced it the hard way. Have no info about point 2 because I had proper account info.
legendary
Activity: 3010
Merit: 8114

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


OK it looks like I missed this earlier, but I still don't think its good business for an exchange to suddenly impose KYC on everybody and then lock customers out of their accounts for refusing to comply. Every other exchange that has done this:

1. gives the customers the chance to withdrawal their funds, or
2. allows the customers to change the information they entered to match the supporting documents they are uploading

...

Not every. See bittrex thread for example.

Like I said, I've never once had a problem with Bittrex in the 5 years I've been using them. This was OP's last post about Bittrex:

I was wrong totally and the issue was self inflicted and resolved.
member
Activity: 228
Merit: 10

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


OK it looks like I missed this earlier, but I still don't think its good business for an exchange to suddenly impose KYC on everybody and then lock customers out of their accounts for refusing to comply. Every other exchange that has done this:

1. gives the customers the chance to withdrawal their funds, or
2. allows the customers to change the information they entered to match the supporting documents they are uploading

...

Not every. See bittrex thread for example.
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