Bitcoin Forum

https://bitebtc.com/ (https://bitebtc.com/)

bitebtc is a newly launched exchanges that actively listing coin and take fee. but i heard many people cannot trade there since they will delay the "verification" process.

seems like the verification process and trying to see legit goverment rules the most strong reason of this exchanges selling. so the developer will list their coin there.

once the coin listed, no one or ive to say 1/1000 people only will get verify. the coin listed there only bot traded. most of coin only bot trading.not human trade there.

see here https://theicojournal.com/scam-bitebtc-exchange-makes-false-claims-rips-off-coins/ (https://theicojournal.com/scam-bitebtc-exchange-makes-false-claims-rips-off-coins/)

they launched massive airdrop to attract twitter follower. their BTC ann seems self moderated and can delete comment. twitter comment bad will deleted and blocked.

please avoid this exchanges for listing coin. they claim they are legit government law. please somebody from singapore check the license of what it claim.

My partner freely trade leads on BiteBTC, without limitations and problems. I heard that there are problems with the KYC process, but they are solved.

I never heard this exchange site before but you can check their announcement here https://bitcointalk.org/index.php?topic=2791504.0 and here https://bitcointalk.org/index.php?topic=3223743.0

And also. I found thread that this exchange site is scam here https://bitcointalk.org/index.php?topic=4592558.new

What I noticed in the announcement thread is that almost newbies and low rank are posting in their announcement thread, so, for me it looks suspicious.

However, this site is listed on CMC here https://coinmarketcap.com/exchanges/bitebtc/
so I think CMC don't want to link a scam exchange site.

Please tell me how long your friend has been verified? Did he go through this procedure the first time?

When I tried to search up more deeper they do have some volume on BTC and some altcoins but I cant easily entrust this new exchange but would really possible to have the chance to be used if they would just retain or sustain their current good service. Newbie forum poster or ANN doesn't mean that they aren't trustable enough some do just create out to announce but somehow it is really unavoidable to have doubts.
For now don't put up big amounts if we tend to trade on a new exchange.

It seems to me that if you are afraid to trust large amounts of money to this exchange, but still want to try trading, then you can start with small amounts.

You think correctly, but it seems to me that even small amounts to lose no one wants. Before you transfer money to the exchange, you need to go through KYC, if it happens to do, then you do not risk anything.

Ive never heard about this. If it hasnt done much volume consistently on CMC then most likely than not it is a scam.. I stick to the big exchanges tho

Just don't keep a large amount on small exchanges and you should be fine.  I've seen countless exchanges exit scam and claim to be hacked before.  It's one of the cardinal rules in crypto, you don't own your coins unless you own the private keys.

I haven't used this exchange myself but it's nearly impossible to keep track of all the new exchanges that are constantly popping up.

Yes, there can not be such a large cryptocurrency exchange by the Scam, I do not believe it. Of course there are problems, but they are solved.

I personally have not tested this exchange, but the number of trading pairs strikes me, you need to look better at this exchange.

Have you read this news? The administration promised to clean up this procedure https://bitebtc.com/news/15

July is over, KYC procedure has not been canceled. What do you think on this issue? Wait?

Haven't tried it yet but heard that the kyc process is really slow. I would advise trading small until kyc is complete and then increase your trading amount afterwards

Why risk it? If you can wait until the administration of the exchange will check your documents, and then to trade on the exchange?

I also never heard of this trading platform. But since you mentioned about KYC, here's what they have to say,


https://bitebtc.com/news/15

So they're enforcing it this month only so maybe that's where the problems lies. Perhaps they can't cope up with the KYC application so there's a delay. As for the fees (which is the first thing we look at for new exchanges).


https://bitebtc.com/faq

But the big question here is trust. Although is has been listed on CMC, but still I wouldn't risk anything on a new exchanges such as this one.

If I understood everything correctly, then just the KYC procedure is necessary for the safety of users, or am I wrong?

Different countries have different legislation, as biteBTC exchange is located in the legal zone of Singapore, it is subject to their law.

Read this, you will understand. https://twitter.com/bitebtccom/status/1022783508752867329

Make your bitebtc.com verified account to be money. 250 USD.
Sell or rent your account and get payment on BTC.

Sell
I will pay your verified account for 0.02 BTC
If you think the price is to cheap, please don't be hesitate to offer your price.
Terms: you should give any credential of your verified account, after I try to sell and withdraw a coin, your payment will be send to your requested address.

Rent
if you don't want to sell your verified account, you can rent it.
I will rent it for 0.0005 BTC per week. If you think the price is to cheap, please don't be hesitate to offer your price. But the rent time cannot be negotiate.
Terms: you should give any credential of your renting account, if you can't give your credential, I just can buy it from you.



I hope there is no tricked beetwen us. But, here is will be happen to make you sure.
If I tricked you, I will theft your account. So you will lose your account (don't forget to take your coin before make a deal).

But

If you tricked me, you will theft my money. So I will lose my money. (I better lose my account better than my money, so this is not fair for me).



Disclaimer
You need a money, I need an account. So we make a deal. Honestly, we can't make an appointment to make a better deal. I'm to risk my money, so I need to make sure you have a correct account for me. Also, I'm not make a deal for a payment first or make a trade by yourself.


How
If you have a bitebtc.com verified account, please reply or send email to sonnyrib13@gmail.com immediately.
This thread may be closed at anytime.

Great offer for those who have this verified account.
 Tell me, have you found anyone yet?

Eternal problems with these laws. I hope that the administration will be able to agree with the authorities on a simplified KYC procedure.

I read Twitter this exchange, they promised compensation to those people who have long been waiting for account verification.

And what will be the amount of this compensation? Are there any specific figures or deadlines ?

The exact amount of compensation is not specified, it is clear only one that compensation will be issued in biteBTC tokens

I did know about this exchange, Now many new exchange come in to the crypto market, and to be more safe is better to use old exchange that have good reputaion and regulation, like Binance, Bittrex, Poloniex. Or if want to use that new exchange is better to try first how deposit and withdrawal work by use small amount of coins and then after we know all work fine and then we can make deposit with bigger amount.

Hi,

Please, stay away from this exchange.
After 15 days, and claiming my transfer daily, in the end I have blocked the account.
They are scammers, they get customers for the prices they offer, but once you put money in BITEBTC, you CAN NOT REMOVE it. It is impossible !!!!!!
I have stolen about $ 4500 ... All my savings for several years !!!!
I'm outraged and worst of all, we can not do anything!

I have the account completely registered and re-sent the documentation requested.
I just hope they spend money on medicines until they rot !!!!

Please, if someone knows how we can claim, tell me.

Thank you !!!

Fraud Alert!!!!!!!!!!!  Fraud Alert!!!!!!!!!!!!!!!!!!!!!

IVC was testing trading at BiteBTC before requesting listing and they have stolen our funds.  They are requesting that we provide proof of ownership but will not respond with what they need and why.  This is causing tremendous damaged to our project as they are holding the funds needed to start the appdev for IVC project.

Our recommendation is to withdraw all funds as fast as possible before you become another victim of the BiteBTC scam.

IVC Admin  :)