Bitcoin Forum

Dear all, Please read it until the last. It is vary much important.

Beware of scam BiteBTC exchange. I am one of the victim of the fake exchange. I have been scammed of 3 btc by the exchange. My story is my deposition into the exchange was easy. But when it came to the withdrawal, I never got the amount. I made several requests, but what got in reply is BiteBTC Team <support@bitebtc.com>
To:
bardent01@yahoo.com

26 Mar at 9:58 am

Dear Trader,

We're forced to inform that your account has been blocked due to violations of our Terms and Conditions.

This is final decision and we'll not review your applications in future.

We apologize for any inconvenience this caused.


With kind regards,
BiteBTC Support Team
https://bitebtc.com
contact@bitebtc.com 

I am not the only one victimized by the exchange. There are hundreds, who were scammed in the same manner.
https://bitcointalk.org/index.php?topic=4612714.0
https://www.youtube.com/watch?v=-ANviaHapQo
https://coinmarketcap.com/exchanges/bitebtc/
https://www.coingecko.com/en/exchanges/bitebtc

Not only traders, cryptocurrency projects are also being scammed by the exchange. But what is surprising that the exchange is 34th largest and is working without any action. It is scamming newcomers, and old ones are complaining. My point is---everything can happen in cryptocurrency, even open illegal activities? Why concerned authorities are not taking action against such rotten fish, which may affect the entire crypto world? Why people are being scammed openly? This incident has triggered many questions. So please please please please please, help spread this message to the world so such open scammers would be booked and victims are compensated.
Today me, tomorrow you may get trapped in the net laid by this scam.

Guys it is very serious matter, not only to traders, but the entire cryptocurrency world, who are genuine and serious about crypto market.
Thank you.     

Thanks for informing of such valuable information. But the news is so sad that you have been scammed.
But do not worry such fake exchanges will get booked one day. And it is the responsibility of all to help bring such scammers to book.
But why authorities concerned are not taking action such scammer even if it is operating freely? It is the issue which should be taken into consideration.
I also think we all should unite against such scammers.

This is a very strange situation. I have never heard anything like it. Thank you for your message, sorry for your loss.

I created an account there but I have not made any transactions because I heard a lot of complaints, but I have not fully believed, thank you op for explaining the various problems there, this really helps new users to be more careful

Thanks for this information.. I've never used this exchange.. but this is a  well come information.. and the name of this exchange .. is just weird

also, you can post this thread in the scam accusations board. https://bitcointalk.org/index.php?board=83.0 (https://bitcointalk.org/index.php?board=83.0)
and if possible, post screenshots of your withdrawal request as well as their reply. that is more tangible proof of your case. haven't used BiteBTC ever. for now, just trade with known exchanges.

Thanks for let us know about that scam, check the cmc website, bitebtc exchange page is display " We have received reports that user deposits are being withheld. Please be careful with your funds", I think there are a lot of victims like you, I've create account before, luckily haven't deposit cryptocurrency and trading.

I had previously suspected that this exchange was problematic because offering a coin was always different from the actual price, I was sad for those who became victims in this exchange

There are many threads about BiteBTC that scammed some people. Some of them have discussed in scam accusations you can see it
https://bitcointalk.org/index.php?topic=4612714.0
https://bitcointalk.org/index.php?topic=5125687.0
https://bitcointalk.org/index.php?topic=5108382.0

It is really unfortunate to you lose a big amount by such a fraud site, really felt sorry for you, but thanks for your experience with such exchange to helping all of us to prevent from this exchange.

first, i just ... think, how stupid you are, deposited a big amount without check and research about where u put ur money.
what a bitebtc,with the name like that,i also worried did the exchange is safe ?
i also have a question,what u do on shadow exchange like that ?
why didnt go to bittrex maybe,or binance or huobi, more more trusted exchange but u choose the stupid exchange like that ?
what a bad day.

Now many small exchanges lose their solvency and become scam. Therefore, I think that now you need to be very careful and not to keep your cryptocurrency on the exchanges.

I also came across this exchange a week ago and was very sorry. I made a deposit of coins on the stock exchange and so far they are not there. Support is silent, does not respond. I went to their twitter and there people called them scammers.

I have account in https://bitebtc.com and which is created in 2018. This is the big exchange looking total volume $236,513,395 USD
57,844 BTC check here https://coinmarketcap.com/exchanges/bitebtc/ yes, many victim making a lot of threads about this scam. Thanks for the information still i have 0.89 ETH here.

I used BitBTC exchanges but when I traded it couldn't, so I never used that exchange after many people that BiteBTC was an indication of scam.

I have seen those forced closure of accounts made by bitebtc and everyone should be aware using them.

---

Before that day comes that there will be another complain from the forum, it's best for us to stay away from this exchange before experiencing this. They didn't even gave reason why they did that.

In the previous month, the same thing happened in Latoken exchange! A lot of people's account got suspended without any notice! Then hundreds of people claimed the problem in the telegram group and the Latoken team said the same words, they can't do anything! But after a few days later, every account was okay again! It can be a major bug! So, I think your account may okay after some days later, though I don't know much about Bitebtc exchange and never created an account there, still, this is not the sign of a scam, as I experienced the same incident in another exchange and that exchange is growing now!

So sad to hear it. People being scammed by fake ICOs or crypto exchange is taking place every now and then. It is a serious concern to save the crypto market from being affected by such scammers. But authorities concerned seems least concerned with such issues. It is high time taking initiatives to control scam in the market.

Thank you for making people aware of the scam exchange. We must unite against such scammers.

Thanks for informing and i'm sorry for your loss, i think all people should use trusted exchanges like Binance, Kucoin and maybe there are some more who can be trusted and coins are safe on.

Authorities concerned are willing and ready to work if they can get a strict backup from government, they will not engage in something that is not legalized and they feel whatever action we take is at our own risk since they have advised against it, I am sure if it was possible for them to close ICO, they would have done it, but unfortunately is totally beyond their control.

The only initiative control method we can take is just to keep investigating this projects seriously, and then we hint ourselves by raising immediate alarm on any one we suspect, secondly we also need to stop participating in all these underground projects that are not known, we need to look at the popular ones, especially those of post ICO.

Dear all [Suspicious link removed],  this exchange site is fraud, they cheat my 1000$ which i invest for trade. they blocked my account without any reason. Now i fight almost 3 months they are not responding and do not take any action.
==================================================================

Dear Trader,

Thank you very much for your request!

We've checked your account and would like to inform that your account is not blocked nor deactivated.

Please note that BiteBTC requires full compliance with KYC and AML rules.
This means that you need to pass a verification for trading with fiat and crypto pairs.
In case your accunt is not verified yet, you should provide at least two high-quality, full-color scans of:
- Photo ID document;
- Billing address document.
Please note that we can’t accept expired documents.

Verification takes up to 2 business days.

Please let us know if you have any additional questions.


With kind regards,
BiteBTC Support Team
https://bitebtc.com
contact@bitebtc.com

======================================================================

Dear Trader
Your account has been temporarily disabled and is currently under compliance review, which entails an examination of recent and past account activity to ensure our users are in compliance with our terms of service.

Deposit Transaction(s):
0x382a3737510f9c3f7e3178c2878a5f5ae8681b7cc57e4c66202a477030e6322a

To facilitate our review, please provide the following information:
- The source of the funds for the above transaction(s), i.e. how and where they were acquired or purchased
- Relevant documentation which indicates proof of ownership of the funds in question

Thank you for your cooperation with this matter.
Once the above information has been provided and the compliance review has concluded, we will notify you of the results and the status of your account.


With kind regards,
BiteBTC Support Team
https://bitebtc.com
contact@bitebtc.com

exchange which I think is 100% scam, yesterday he had offered airdrop NEO and I tried my luck to get it and I got 1 NEO but the funny thing happened is to withdraw NEO the transaction fee is 1 NEO too, and fortunately I haven't done kyc on this site

I know about this because of my token from bounty,they listed in bitebtc but had so much problem. They also had long maintenance. The amount of token some member disappear and bitebtc said they will paying back token to member wallet. Token is paying back but more little than before. Since that so many bad news coming up and bitebtc start to make difficult member to withdraw their asset. Even we can withdraw the fees really so high and this make us confused. So be aware. They really have bad ways to steal our asset.

Not only NEO,fees for other coins also high. You lucky not submit kyc but so many member are done do that included me,really sad. Since March they have so many problem. Token disappear and rolling back little amount than before,they steal asser their member. Coingecko already warn us.

Thank you for doing this post. We need that kind of information because all we know that scam and fraud case is everywhere so we need that kind of warning. All of us are affected and also all of us need a proper security. I hope crypto community will do something to make our safety and security more priority.

They are a total scam. They have a moderated thread in the forum where they delete any replies that shows their true nature. Their withdrawal fees are insanely high. 0.02 ETH for Ethereum withdrawal. That is more than $5 for withdrawal of ethereum.

Well first of all thank you very much for informing us here but I think you should also consider opening a scam accusation thread against them because from what I can see there are few more scam accusations against them.

Huh? It's and old issue, you can easily search "BiteBTC scam" on google and will have much result about that. The problem is in people their self, they never try to be aware of it and don't really care about others's experiences. They would just believe it's bad when real bad stuffs happens to them.

https://scamonline.net/bitebtc-review

a bad experience. reasons that cannot be accepted from exchange support. whatever the reason for this is very painful 3 btc is not a game. try to negotiate with support maybe there is another way to reverse your funds, hopefully BiteBTC exchange is not like what you have been accusing.This is a bad experience, for the community to be careful in using BiteBTC and hopefully the problems can be solved ASAP.

The problem I experienced in exchanging BiteBTC when I wanted to make a withdrawal always failed. I have contacted Support several times but the questions are often not answered, so I conclude that BiteBtc is very vulnerable.

This is the problem for crypto, many scams or you can not withdraw. sad for many people...  >:(

That exchange is a scam and I can testify to that has lot of my friends has deposit and were not able to withdraw and using kyc as an excuse .

I submitted my kyc proof which till now has never been approved and saying I can deposit and trade which means once I did then the Withdrawer will not be able to go through which they will be using none storor the other as an excuse or the failure of the Withdrawer.

not only vulnerable again, but have taken many casualties in their projects, even my friends also experienced the same thing with the OP when they wanted to make a withdrawal but there was no amount. I think their exchange is reliable but vice versa. yes this is the risk in the world of cryptoqurrency, which is safe is not necessarily guaranteed and the good can turn into crime.

If this info is correct then it's heartbreaking. So many scams in this space, even exchanges, damn it.  I've never used the exchange anyway, thanks for this info, it goes a long way. And also, sorry for your loss. I hope action is taken against such fraud.

I hope action is taken against such scam exchanges. I've been a victim of two, then I stopped anything trading on exchanges aside binance, kucoin, and others with good reputation. God help us, this space is crazy. Thanks for sharing this Bitebtc scandal and sorry about your funds lost.

Thanks for the info I'm never a fan of bitebtc because last year I deposit altcoins on there and suddenly I was unable to withdraw my altcoins I had no choice but to move on ,Im sorry for your lose

Thank you for sharing, sorry for your financial losses, we are choosing a new exchange, we need to be very careful, whether the money is safe, don't deposit too much money. Prevent your own funds from being lost. I first heard this exchange.

What the heck ? They even not explaining about the reason why your account is banned.
Some new exchanges should not be used because they are not reliable enough to users.
They could have some wallet integration problems, but you were already deposited your coins to the wallet.

This space is littered with scammers from developers to participants and exchanges. One (Hibt) ran away with people’s fund last year. I am closely monitoring Dcoin. It exhibits some aura which makes me uncomfortable with leaving funds in the exchange

I have set up an account on Bitebtc not long ago and it is easy to see the price of coins here is quite different from the price on Coinmarketcap. After I received 1 NEO airdrop from them, I exchanged NEO to BTT and withdrawn to my wallet, but after submitting, my money was deducted but there was no transaction in the withdrawal history, and I did not receive the money. It can be confirmed that this is a phishing site.

I'm sorry to hear that, indeed bitebtc exchange at first seemed interesting because crypto arbitaging was obviously very fast to make a profit last year, and there may be a lot of people tempted by this exchange, some people I see there are many who succeed made a withdrawal last year but maybe this is actually their scheme, so they deliberately let some and the rest be made victims. Last year I also wanted to try arbitrage, but doing kyc is very difficult, so I cancel it

It's a useless exchange that has been flagged over time. My KYC too almost 8 months to be approved, during which the project I wanted to sell tremendously mooned and when I wanted to trade, they told me my account has been locked, they would later open it, fear didn't allow me make deposit after carrying out research about them. Their volume of trades are all fake. Avoid that exchange.

I haven´t heard about BiteBTC, why you used such small exchange. In a bad times you should avoid using risky crypto exchanges. Now it is also risky to use the biggest one Binance.

I am really sorry to hear that, because I thought it is a good exchange. There are more and more exchanges that are turning to be scam nowadays and this is sad. We have now a flow of new users and we need less scams around us.

It is so sad that you have been scammed by this scam exchange, BiteBTC exchange. You have done a good job by making people aware of the exchange and cautioning them against such scammers in the market of cryptocurrency. I have also heard about the scam, BiteBTC exchange. It must have been scammed many traders. Authorities should take steps in punishing such scammers including BiteBTC Exchange.

We really need to be very careful with some exchanges. I have learnt my lessons, which is to always keep my assets in my private wallet and that if i have any trade to make, i will have to transfer from my wallet at that same time and when there is need to withdraw my fund, it will be returned back to the wallet i have control over.

After reading a few of the comments here they are most definitely a scam exchange with the only goal to steal funds from their registered users that's why I think sticking with the reputed exchanges is always a good idea.

Some exchange motive is to cheat they prepared there mind set toward scamming people they steal token , we just have to be careful

I also advise you to be careful with the coinbene exchange .. I transferred my coin there (howdoo coin) and they, without announcing the reasons, closed the trade on this coin and in their chat there are many similar complaints

I feel so sad for you also thank you for sharing this it will really help people to aware of all the fake exchange. I hope victim people will be careful next time because this days many scammers around.

I think that it is necessary to determine the exact criteria by which you can identify a fraudster.  If you search for information on the bitcointalk forum, it becomes clear that there are quite a lot of dissatisfied users who complain about even the most popular trading exchanges and exchangers.  But these problems are not always massive.

Many people have raised alarm about bitebtc being scam, it's well. We all have to be really careful in crypto space, even though I haven't used the exchange but I believe many will still fall victim. Let's not leave bulk of our funds in exchanges, use private wallet, it's safer that way. Also don't just use any exchange, use credible exchanges with high trust ratings like Binance, Bittrex, Coinbase, Okex, Huobi, Kucoin etc

Another scam exchange is https://www.oex.cn 
in this u can deposit easily but forget about any withdrawals..
am avictim of close to 1 btc

be warned!!!!!!!!!! scam exchange OEX

I've seen so many complaints about this Bitebtc exchange labeled as scam.  This scam by some exchanges has to stop, that's the more reason why people should stop using non-reputable exchanges. Some people will see all these scam alerts and still deposit funds there, we have to be cautious of exchanges we use honestly.

This exchange is marked with a sign on coinmarketcap, so I believe it is really a scam exchange. Thank you for mentioning that and I hope people would be aware next time by using BiteBTC. As far as I know no actions were made to recover user funds?

As you know various exchanges launching every day and also attracting traders and users through airdrops and various benefits, I suggest don't deposit any big amount in any unknow or new exchange, Bitbtc is a big scam exchange.

Well it is a biggest scam until now. Many people have lost money when sending in this exchange. And I agree with you, you need to stay away from the newly created exchange. Most of them are scam and want to get all the money from investors

What is making those traders and users run from their previous exchanges, they say that the devil you know is better than the angel you don’t know. I know that some of these exchanges has a way of sweet talking users into using their platform, by promising them lots of bonuses and this what they usually use to trap them.

Traders needs to really watch out, not to because of bonuses trap themselves into an exchange that is not known and cannot be trusted, because what the users of Hitbtc got is exactly what will happen to them too with these exchanges if care is not take. There is need to prevent this, and the only way to prevent it is to be sure that traders and users verify exchanges very well and then use high rated exchanges more.