oh no! i was using hitbtc this past few months. Now i am seeing many scam accusation. Hopefully you will resolve all of your issues or else this big exchange will turned into scam.
They are not scam at all, i have never used hitbtc as an exchange in order to trade bitcoin for any other crypto, but far as i know they are not 100% scam.
In fact, i traded some Dimcoins a few days ago for ETH and i succesfully withdrew them all to my eth address without any problems at all.
Maybe there is something wrong with this, they have a lot of issues right now, but they are still paying.
hitbtc is a scam
This exchange is going to exit scam one day or another and that will make Mtgox looks like a joke
hitbtc is under investigation by a huge number of law enforcement agencies
they will be shut down
It is the shadiest exchanges i know to date
- Fake company name
- no corporate registration / totally of the grid
- no offices
- whois hidden by panama based whoisguard
- huge ressources invested by hitbtc to elude investigators researching the company, with complex network of fake entities, company name usurpations, fake people, etc..
- almost non existent support with fake names
- faked volume by a huge extent / bot generated markets
- too cheap miner fees which results in transfers stuck in limbo for days (for the lucky one who actually get some money out of it)
Their business model is based on selective scamming; they let a number of payments go through based on a automated selection made by algoritm and withhold others either for days, weeks, months or forever.
They let some payments go through to create confusion among people who cannot figure out if they are a full blown scam or just incompetent and understaffed, and keep their scammy business going, but also to elude "withdrawal tests" made with small amounts, to draw larger sums into their exchange
A certain percentage of the funds never leave the exchange; and some are only returned months later, when the exchange has been able to buy the coins at rock bottom price and pocket the difference, since most of their books are fake
I can't tell whether they are scam or not. All I know there are plenty of evidence of shady dealings and other malfeasance that has angered many people including me.
At very least, they are unprofessional and incompetent. They took a fat transaction fee but my coins are locked in
withdrawal for who knows how long...
, I just want my money back. Or is that too much to ask?