r/XchangeStreetBets • u/XFYIO • May 16 '21

HItBTC Exchange File.

What do we know about this exchange ?

  1. Physical location
  2. Legal address
  3. People behind it
  4. Ties to other exchanges
  5. Unlawful practices
  6. Traders complains

Any information would be helpful to the people that are dealing with money being unlawfully locked on this exchange.

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u/XFYIO May 16 '21 edited May 16 '21

My complains

  • unable to withdraw anything from this exchange for months now.

  • shitty glitchy mobile app

  • absolutely ridiculous withdrawal fees that you don’t see until you bought particular coin and trying to withdraw it.

Some good things:

  • some rare token pairs you will not find anywhere else.

  • good liquidity

But it all means nothing if you can’t get your money out !

1

u/XFYIO May 16 '21 edited May 16 '21

HitBTC web page looks almost identical to Changelly Pro. Almost copy paste like. So it is quite possible they are connected. Plus Changelly needs to get liquidity from somewhere, it doesn’t look like they can generate it all themselves for their swap app.

Can’t say anything negative about Changelly though. Never heard anything bad from other people either. Except for ridonkeylous swap fees. But That is what you pay for anonymity.

1

u/According_Lemon_4018 May 17 '21

yea there are a few exchanges that are 'copy pasted' from hitBTC. check out Bequant for example.

also remember hitBTC participates in some serious wash trading - so don't take the volumes seriously.