scrobble.life
#scam

Why does HitBTC have wallets of STEEM/SBD closed since 2 years ?

KingsCrown@kingscrown (82)2367d

Sometimes people ask me should they trade STEEM/SBD on HitBTC.

Well, you cant because the wallets are closed for 2 years and these guys dont seem like wanna do anything.

Sure they have big volumes on some coins but loads of coins got dropped there despite paying for listning and STEEM/SBD is closed since 2 years from what i see. Of course they still trade there on the closed market, if you try to arbitrage you will stay locked there for life prolly.

Worth to add that Affiliate Program with freezed funds of loads of people was alos closed year or more ago and all they say "it will be back soon" since then.

Possibly for safety, it would be good to delist HitBTC from CoinMarketCap of STEEM/SBD as they may only make some users ie deposit there BTC/ETH to buy and lose (withdrawal fees there are enormous, to make sure you never get to zero ). Now price is similar to normal one so can be fooling but they used to trade at x10 premium for very long time fooling people for fake arbitrages.

I wrote about this first time 2 years ago but still nothing. Its pretty silly of them right?

Their chart.

Since very long time due to many bad reports they are also out of no documents needed bitcoin exchanges list

If you google loads of users got accounts closed with funds inside and many coins lost their places.

Current STEEM and SBD Markets

So out of those for exchanges that need documents Bittrex and Huobi is the place to go and from those that need no documents Binance of course or VCC Exchange as they share books as being partners of Bittrex/Upbit but don't need documents.

REAL WAYS TO MAKE PASSIVE INCOME FROM CRYPTOCURRENCY - DOWNLOAD FREE EBOOK NOW

Join My Official Discord Crypto/Steemit Group - https://discord.gg/Ma3VCxj

Follow, Resteem and VOTE UP @kingscrown creator of Decentralized Bitcoin Ethereum Loans with unique newsletter and hidden tips for subscribers!

Comments · 11

  • @edythry(33)· 2358d

    I think SBD issues run deeper, how are we sure their dev team stays the same since the take over? Better said, it seems that there's a issue with SBD at the moment, but what if there's some tech issue unable to be solved without the help of sbd, I'm all for shitting on centralized platforms but let's be realistic these things happen all the time

  • @dianneprincise(33)· 2361d

    If, as a trader, your only knowledge for a project is taken from CMC, oh boy you're in for a rough ride. Having it there helps to know what's going on, it's silly to call for a delisting like that

  • @arcange(79)· 2365d

    Congratulations @kingscrown! Your post was mentioned in the Steem Hit Parade in the following category:

    • Upvotes - Ranked 6 with 784 upvotes
  • @steem-ua(64)· 2366d

    Hi @kingscrown!

    Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation! Your UA account score is currently 7.261 which ranks you at #67 across all Steem accounts. Your rank has dropped 1 places in the last three days (old rank 66).

    In our last Algorithmic Curation Round, consisting of 86 contributions, your post is ranked at #3. Congratulations!

    Evaluation of your UA score:
    • Your follower network is great!
    • The readers appreciate your great work!
    • Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

    Feel free to join our @steem-ua Discord server

  • @birdinc(60)· 2366d

    I used to email HitBTC at least one a month when I worked exchange relations for Steemit, Inc. It's crazy deposits and withdrawals are still down all this time.

  • @daudimitch(65)· 2367d

    There is a reason for this, as I have been informed the exchanges are simply acting in their best interest and that of their users. Here is a breakdown

    Basically the exchanges were concern about the volume at which a small circle of folks are continually dumping without regard for those at the other side of the trade and subsequently withdrawing Bitcoin which is coming up at a loss for the many and end result the exchange. Since the token are still traded and carry good volume, the decision was taken to continue making those tokens available but restricting deposit and withdrawals.

    I know there has been lots of complain in the past about the volume of SBD on HitBTC, but the fact remain I trade there and the volume is as real as it gets. It has its moments when speculators make the most of it and other moments when it has not been getting much traction like what has been happening lately. Its really up to the end user to either make to decision to trade or not. But the volume is as real as it gets

  • @decentralizd(63)· 2367d

    hitbtc a scam anyways

  • @rosauradels(64)· 2367d

    It must be a way to avoid losing profits, but that limits the freedom of some.

  • @transisto(75)· 2367d

    Same thing with upbit SBD

  • @chekohler(76)· 2367d

    Maybe they're just holding it in case STEEM isn't seen as a written off project. Who knows why exchanges do anything? I feel since they're the only game in town they pretty much rule the roost, until we have more atomic swaps between chains that's not going to change.

  • @coininstant(69)· 2367d

    .