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Showing 12 of 12 results by LyneyMagic
Re: HitBTC.com - The most advanced cryptocurrency exchange
While I've come across lots of dirt on the exchange on the forum, for me it has been smooth and effortless, even as a beginner. I've KYC'ed (had some troubles due to their high standards to photos, totally understandable), made a deposit, swapped the coins, some of them traded... Everything looks fine. Support person Victor who helped me with KYC was really nice and helped me through the process.
I say never give up if you encounter anything puzzling and bug them in support - they're there for a reason
So your aim was to come here and try to shill about a shit exchange that has given hundreds or a thousand of customers heart aches because of the stupid and impossible KYC verification procedure?I say never give up if you encounter anything puzzling and bug them in support - they're there for a reason
Sorry to burst your bubble. We are well aware of shills here. If you think you are going to convince us with this random shit posts, You are wrong.
So any good experience is a shill now? Gotcha buddy, keep me posted.
Naturally, most complainers will come forward, while satisfied people won't. And this is where the problem lies - when you come across all this doomposting, you won't even try to fix things and get them done, you'll just give up. So far all this crying about impossible KYC that I've read seems to do a better job on giving up than the KYC itself lol.
There are always two sides to one coin. I'm just giving a different perspective than you. My KYC went fine. And it can go fine, it's not stupid or impossible. That's what I'm about.
Re: HitBTC.com - The most advanced cryptocurrency exchange
While I've come across lots of dirt on the exchange on the forum, for me it has been smooth and effortless, even as a beginner. I've KYC'ed (had some troubles due to their high standards to photos, totally understandable), made a deposit, swapped the coins, some of them traded... Everything looks fine. Support person Victor who helped me with KYC was really nice and helped me through the process.
I say never give up if you encounter anything puzzling and bug them in support - they're there for a reason
I say never give up if you encounter anything puzzling and bug them in support - they're there for a reason
Update:
Dear Trader,
Thank you for your reply.
Kindly note that we have thoroughly checked all the information you've provided, and, unfortunately, it can't be accepted as a valid source of funds report. We will not be able to proceed any further until the actual source of funds of the transaction in question is provided.
Please provide us with an actual source of funds, and we'll be happy to proceed.
Anyone understand what they want? I provided them with a cash withdrawal statement, a statement from work with annual income. They write in riddles without explaining what they want.
Dear Trader,
Thank you for your reply.
Kindly note that we have thoroughly checked all the information you've provided, and, unfortunately, it can't be accepted as a valid source of funds report. We will not be able to proceed any further until the actual source of funds of the transaction in question is provided.
Please provide us with an actual source of funds, and we'll be happy to proceed.
Anyone understand what they want? I provided them with a cash withdrawal statement, a statement from work with annual income. They write in riddles without explaining what they want.
I think they want a crypto source - the wallet you got it from or the exchange. Anyway, good luck with that, their KYC may be strict at some extent, but you just need to read carefully not to miss any directions. At some point I thought they won't verify me, but it turned out fine in the end.
Good luck to you!
Not a whale, so here is hoping this won't be a problem. Just in case, what amount of cash is considered "large"? Their site says 1 BTC, in European banks they frown upon 2000-3000 EUR transactions, so I'm at a loss.
And what are the documents they can ask? They asked me the id, a selfie and a bank statement to check address, that's fine I guess? Same as with Wirex for example
And what are the documents they can ask? They asked me the id, a selfie and a bank statement to check address, that's fine I guess? Same as with Wirex for example
Why do you still want to use this shady exchange despite a lot of red flag on it while there’s a lot of user friendly exchange like Binance that you will not be worried to deposit any amount since they have a better liquidity and proof of reserves to back every user balance.
I remember using a drivers license when I verify my Hitbtc account before but I’m not sure how they upgrade the KYC system since they become stricter now compared before.
Their trust page https://bitcointalk.org/index.php?action=trust;u=194708 as big warning to stay from this exchange. They are scammer even before until now.
When I tried out Binance it was confusing as hell. Ofc I went there first, but it was too many options, confusing interface as soon as you switch out the newbie mode. Tried to go to support (they had 24/7), was met with a chatbot. Couldn't trigger a real agent. Never came back.
Also checked out the link you said, the poster themself withdrew their argument because of these comments:
(xtraelv) You might as well tag them all. Every exchange has user complaints. Those users don't delete complaints after they have been resolved. Every legal exchange is subject to KYC laws - but customers consider it a scam if their funds are frozen. Users that have broken the law and have their funds seized will scream as loud or louder than those who have not broken the law and had their funds seized. Often an exchange cannot legally disclose why it is frozen.
Exchanges that are not subject to KYC are not in jurisdictions that comply with SEC rules and based in dubious countries. (So usually also exclude US citizens).
A lot of exchanges have dubious ownership structures - either in tax havens or hidden through trusts or shelf companies.
The exchanges that do comply with laws of the jurisdiction that they are in can seize your funds if requested by a Government and can pass your information to Government agencies.
Then there is wash trading and US tether... Has the exchange got Tether listed ?
Some exchanges offer low or no fee trading to coin devs. This allows the coin devs to trade their own coin giving the ability to create (fake) high volume without costing anything or a lot.
(Lauda) by idiotic policies I refer to the policies related to: Trust ratings, flags, and scam accusations. You are free to damage any business and entity with false accusations ad-nauseum (proven by QS & co.). Therefore, without a third party that has insight into the customer-exchange disputes, you can always assume that the customer is at fault unless there is objective evidence (no, screenshots don't fall under this category and no funds being locked is not evidence of malpractice) claiming otherwise.
They have valid points actually.
Try reading the thread you posted on? TLDR: the OP is open to KYC, the problem is, scam hitbtc keeps the whole thing in circles, ultimately making people give up. You will find multiple stories like this in various platforms such as this forum, reddit, twitter, etc.
Right now it's a "he said she said" situation. I myself made some mistakes during the process because I couldn't read with my own two eyes. As soon as I realized what was wrong, everything went smoothly. Maybe he's in the same situation, how can you tell?
Their withdrawal fees are above average and expensive still, see: https://withdrawalfees.com/exchanges/hitbtc
Well, still a way to go? But still an improvement since $100 back when ETH blockchain went mad. And you can never go wrong with some Tron USDT, it's relatively cheap
You situation is different as you have verified in advance. If you actually read the multiple scam threads about them particularly the actual thread you posted on, you'll know, these people have already spend a good amount of time with the exchange and have some money stuck in there before they were requested to be placed in an endless KYC BS.
I'm really doubting you're just a regular user. You sound more like a shill with the way you defend them so much.
I'm really doubting you're just a regular user. You sound more like a shill with the way you defend them so much.
Is it really wrong to hope for the best? I'm just trying to learn more and compare with my experience (genuinely flabbergasted by some of the things that are written here). Also, if they're so strict with KYC, I'm trying to understand why. That is all.
Not a whale, so here is hoping this won't be a problem. Just in case, what amount of cash is considered "large"? Their site says 1 BTC, in European banks they frown upon 2000-3000 EUR transactions, so I'm at a loss.
And what are the documents they can ask? They asked me the id, a selfie and a bank statement to check address, that's fine I guess? Same as with Wirex for example
Well, depositing of withdrawal of funds may vary but sometimes even it's just $1000 deposit/withdrawal could end up like the others. With other's experience this exchange ask aside from KYC, proof of address, source of funds, documents of other people who give/send you the funds like their ID, take note all transaction hashes are required too and etc. And what are the documents they can ask? They asked me the id, a selfie and a bank statement to check address, that's fine I guess? Same as with Wirex for example
It's all in google how they scam their users asking documents after another.
It's honestly hard to believe that a $1000 can lead to so many questions. Maybe this is the case of dirty crypto, that's why they're so strict? I'd imagine they'd want to make sure that the money is clean before letting anyone trade with them.
Re: Jakarta is in a pollution emergency, Is it caused by crypto mining?
Everytime there is cheap labor or poor country, they end like this. Not because of crypto per ce (especially since there are more and more Proof of Stake coins), but because of corporations' greed ¯\_(ツ)_/¯ Why bother with nature when you're making profits?
So yeah, crypto doesn't pollute - people do
So yeah, crypto doesn't pollute - people do
My friend recommended me this exchange to trade but I wanted to KYC in advance to avoid any surprises. It may be strict, but I passed it, just followed the instructions and got verified in a couple of days. No complaints of any edited photos from them, the procedure is clear and straightforward. So far so good, hope it stays that way 
Good for you, you will then experienced it later on once you withdraw larger amount. As for all of those victims, they were asked not just personal info including ID but with different documents too. And not having multiple account is not the only way you will encounter such BS verdict from HitBTC. Still good luck, lol.Not a whale, so here is hoping this won't be a problem. Just in case, what amount of cash is considered "large"? Their site says 1 BTC, in European banks they frown upon 2000-3000 EUR transactions, so I'm at a loss.
And what are the documents they can ask? They asked me the id, a selfie and a bank statement to check address, that's fine I guess? Same as with Wirex for example
My friend recommended me this exchange to trade but I wanted to KYC in advance to avoid any surprises. It may be strict, but I passed it, just followed the instructions and got verified in a couple of days. No complaints of any edited photos from them, the procedure is clear and straightforward. So far so good, hope it stays that way
You have done advance KYC so you don't face any problem, but completing KYC doesn't mean you won't face any problem in future, they can force you to re-verify anytime because the reputation of this exchange is very bad. As many complaints have come against this exchange, they have not yet resolved any of those complaints, so what service do you expect from them? Your friend made a bad choice for you, this exchange is not a good exchange to trade.You have account in this exchange and KYC verification of that account is not a problem, my advice would be if you don't want to face any kind of big problem in future don't deposit funds in this exchange. They can block your account anytime with any excuse and force you to re-kyc and even reject your documents. So be careful.
idc if they ask me to re-verify, just another jumping through the hoops as with any other exchange. Not that my face will change amirite?
It seems rather user friendly now and from what i read online it improved with the withdrawal fees and the speed of support (from what i can see now). They verified me fast, not like in some months as someone wrote on reddit, I tried trading already. Sometimes execution may be slow, but if you trade shitcoins, it's understandable. Also margin is a big plus.
But thanks for the heads-up, we'll see how it goes. If something happens, this friend's head will roll
My friend recommended me this exchange to trade but I wanted to KYC in advance to avoid any surprises. It may be strict, but I passed it, just followed the instructions and got verified in a couple of days. No complaints of any edited photos from them, the procedure is clear and straightforward. So far so good, hope it stays that way
You have not faced any issues as you have provided all the perfect documents and you have no alternative accounts on there. But if you had multiple accounts and you could not provide real document and tried to provide fake document then you could understand about those who faces issues and issues.Why would you provide fake document tho? For what reason? I guess this is the root of the problem, but honestly, nothing surprising. They say "fool me once..." you get it. Also as i can see, they provide subaccounts (same KYC, different email), why create many?
My friend recommended me this exchange to trade but I wanted to KYC in advance to avoid any surprises. It may be strict, but I passed it, just followed the instructions and got verified in a couple of days. No complaints of any edited photos from them, the procedure is clear and straightforward. So far so good, hope it stays that way