Post
Topic
Board Exchanges
Re: HitBTC.com - The most advanced cryptocurrency exchange
by
Raja_MBZ
on 25/12/2018, 20:07:44 UTC
Without reading up further notice but still making deposits even the wallet is on maintenance and now they blame the exchange?  Huh

They mostly do it to earn some profits from an "arbitrage" opportunity. They:

-buy cheaper at X exchange to sell for more at Y exchange (seeing buy orders of better values at that Y exchange)
-then realize that the coin isn't even available for withdrawal through X exchange
-finally, bash that X exchange and eventually sell it back for an even cheaper price; they ultimately get into a little loss instead of a little profit.