Post
Topic
Board Scam Accusations
Re: BiteBTC is a scam exchange
by
DKGarg
on 22/03/2019, 13:39:30 UTC
BiteBTC HAS STOLEN ALL MY FUNDS

I registered, submitted my KYC and got message being a verified customer.
Deposited some coins, did trade: things were fine but when i made a withdrawal request for 0.37 BTC, it was not processed. After couple of hours and sending message to support team, see what they replied. They just steal all my funds.

Dear Trader,

We're forced to inform that your account has been blocked due to violations of our Terms and Conditions.
This is final decision and we'll not review your applications in future.
We apologize for any inconvenience this caused.

With kind regards,
BiteBTC Support Team

They basically allure customers by faking trade prices and volumes and creating artificial arbitrage opportunities. Most of customers get to know these fake arbitrage opportunities through coinmarketcap. I think CMC being a trustworthy platform, they should make note of such fraud exchanges and make sure they are not listed on CMC platform. I request people who have been cheated to contact CMC advising them to block BiteBTC on their platform.