Post
Topic
Board Scam Accusations
Re: HitBTC DOGE scam
by
coin-investor
on 13/03/2025, 17:07:04 UTC

They intentionally lower the DOGE price to attract traders to deposit and purchase DOGE. But the catch is they suspended the withdrawal on DOGE for a long time so you can’t withdraw it and force to sell on lower price because the price spread so damn high.

Trader typically rush to buy when they saw the price is so low since it’s a very profitable arbitrage trading.


I call this a trap. If you are a seasoned trader, you should have a suspicion why the price of a certain coin is very low compared to other exchanges.
It's ok if its only a few cents different, but a 20 to 50% is very suspicious. We will always go back to the basic advice of always doing your research before investing and before using a platform.
As traders, we should be updated on the news on what's happening on various exchanges if there are latest issues or complaints; it just takes a few minutes to do this research.