Bitcoin Forum

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The PayBito platform does not support withdrawall in cryto form and only supports withdrawall in the form of fiat, which is USD, and even then only applies to bank accounts opened in US.

The question is why PayBito can accept Crypto but can't do transfer or withdrawall in Crypto. I see this as a trap.

Of course, it can be a big trap especially if there is no advisory of that restriction before anybody will be using the platform. You see, there are now many exchange sites working only for the interest of the people behind it and not thinking of the welfare of its users...soon those sites will just a natural death because people will eventually know what a platform is up to. I am glad to see this warning and brought up here so that anybody can search for it online and they get aware of the situation before doing business with PayBito.

Just avoid this kind of exchange if you don't like the features before something crazy happens to you. I looked at the exchange, is this the website?


I don't use them but I've looked to their withdrawal options but it looks that they have that kind of option.

https://www.paybito.com/getting-started#Receive_Crypto

If you have concern to them, just contact them.

https://www.paybito.com/contact-us

I just heard this exchanger, BTW I am sad about this case.
I hope this issue will be resolved soon and all users feel safe.

If this wasn’t indicate to the sites policy and rules then this is a trap,but if they have hidden this for the users then they are luring the people to put crypto to get trapped

Thank you for this one mate I guess I will add this to my watchlist and prevent my self from entering this

There is have fitur for withdrawall to other wallet but actually when We do withdraw  appear notification "Currently send operation is not available". I have sent email to them but they did't reply my email.

Better to look at your post because it's mixed with your local words which make people confuse.
That means you can't send any of your money to anywhere. In the first place, why did you even choose to trade on this new site rather than old one which more trusted?

I think the best way to help the community is to transfer this thread to reputation section which you can find here

https://bitcointalk.org/index.php?board=129.0

Since only few people visit the Market place while many comes in reputation section

But for me?this is a clear example of baiting a victim,this is a Trap

Who the hell would tend to deposit on an exchange which doesn't allow nor provide crypto withdrawals? Thanks dude for sharing this up and I don't know why
people are really fan on using up unknown exchangers yet there are ones which are more popular.This is indeed a trap and once you get in then 99% you wont able to
get out.

First I have a coin TRIG at Binance and that the coin was delisted by Binance so I should be find out which market could receive the TRIG coin. Only PayBito can accept it. I see on the Platform that there are have Deposit and Send options. Then I check whether I can withdraw to other markets, it turns out there is a menu to withdrawall. Even there is an explanation of how much Fee is for Withdrawall. For coin BTC fee withdrawall = 0.0005btc (for PayBito) + min 0.0001 (for miner)

On PayBito Platform we can Deposit, Trading and Withdrawall,

• For deposits there are 2 options:

- First option: send USD through a bank in the US

- Second option: send Crytocurrency from the cryto wallet

• For Withdrawall there are 2 options:

- The first option :USD to bank in the US

- The second option :  Crytocurrency to Crypto wallet but in reality this option does not work.

You can find the answer already above buddy.

I believe you will not use this paybito site again. When you feel suspicious only any crypto site, please ignore it and don't use it next time. When you feel there is some scam or any suspicious moment.
You can always report to bitcointalk or any other places we can do that.

Hope that this issue must be resolve or else the trust will be lost. BTW thanks for the reporting

I already commented this in another recent thread but Don't trust exchanges. Not your keys not your crypto.

Go for DEX

SwitchDex.ag and even their own Switch.ag (http://SwitchDex.ag and even their own Switch.ag)
Etherdelta
Bisq

None of these dex will require you to store your funds there and you will be free to trade. If you need traditional trading and not just alts go for binance or another already popular and trustworthy exchange. But i do recommend you to go for a DEX

Triggers Support UPDATE:

Please note that PayBito exchange will no longer support PayBito wallets to hold Triggers after September 30, 2019.

The date has been extended from the previously announced date of 31-Aug-2019.

As a valued customer of Paybito, we would like to inform you that the SEND button is available for you to move your Triggers to any other CP wallet that you wish.

Counterparty Blockchain Network fee is 0.0002 BTC for each Triggers send operation. Not per Trigger.

Please ensure that you have atleast 0.0002 BTC in your Triggers Wallet receiving address. Wait for 6+ Block Confirmation for this transaction before sending out Triggers.

Do NOT send BTC to your BTC Wallet receiving address.

Counterparty Blockchain may take upto 3 days to confirm a transaction.

The 'Send TRIGGERS' disclaimer has been updated to reflect this.

We are committed to ensuring our customers the ease of use of our platform.

Please direct any and all questions to my email lisa.l@paybito.com.

Thank you for your cooperation.

Users can withdraw crypto by using the “Send to others” option in Send action from My Wallets page.

I have been trading on Paybito platform and it allows both send & receive functions for crypto. I can add digital assets from any other exchanges to their respective wallets by using the wallets receiving address. For withdrawal I can transfer my respective crypto by mentioning the exchange receiving address in the “Send to others” option in My Wallets.

The OP should move this topic to the scam accusation section. Since you're accusing Paybito of scamming, it is much better in that section. The lesson here  anyway is to never sign up to an internet service without reading the terms and conditions.

Regarding this, say in forum that- As a long time PayBito user, I can tell you that, the reason you are not able to send/receive is if either you have not submitted your KYC documents or your KYC was not complaint to Paybito standards. Paybito only allows send/receive of assets if KYC was approved.

In case of Triggers, on Blocksafe Inc request (due to rush during Binance delisting of Triggers), Paybito tried to help Blocksafe by allowing Trigger receive to Paybito without KYC approval. Now when you are trying to send out Triggers (Paybito is now delisting Triggers), Paybito needs full KYC compliance.

As a user of several exchanges, I think we should all be more responsible and know the truth before shamming others.

When there is lot of trusted exchanges to help with trading services what is the need of going through these unfamiliar exchanges. Maybe this could've been operating within limited regions. If I'm not wrong bithump exchange also has similar kind of rules and withdrawal can be done only to accounts of South Korea. I have never came across an exchange with this name payBito.

Hi,
As a Paybito user i think you didn't upload proper KYC details. Please check, it may help. You can contact lisa.l@paybito.com if the problem is not resolved.

This is somewhat a stupid kind of business ,accepting cryptocurrency but cannot withdraw and the worst is needed to be in banks and not in other forms .first time I have heard something like this one
Because it’s clearly they are baiting cryptonians by accepting coins but give holds when you need to withdraw,anyway this is a good sharing to prevent victims .i will surely denied using this site and will share also in my social media to warn my friends

that really sucks but if im not mistaken i think i heard simillar service to this one  . they also accept crypto deposit but once you made a deposit all you can do then is to convert those cryptos to digital goods that they sold inside the platform  . you can only use the goods but there is no way to withdraw your cryptos  . the site that op posted isnt even popular so i dont see the reason to trust them imediately without doing a research  .  by doing a research , one can identify if what are the pros and cons of this site

Paybito is an Exchange that was only established in 2018, I think its features should be more complete. but this is even less, just can't withdraw Crypto  ???, it's better to avoid this kind of Exchange if you are in doubt.

As a PayBito user for some time, I can tell you that, the reason you are not able to send/receive is if either you have not submitted your KYC documents or your KYC was not complaint to Paybito standards and you have been informed about that. The exchange only allows send/receive of assets if KYC was approved.

In case of Triggers, on Blocksafe Inc request (due to rush during Binance delisting of Triggers), Paybito tried to help Blocksafe by allowing Trigger receive to Paybito without KYC approval. Now when you are trying to send out Triggers (Paybito is now delisting Triggers), Paybito needs full KYC compliance. All of us Trigger holders have received messages explaining this in the past.

Sending and receiving cryptocurrencies are avaliable on this exchange just like other exchanges.

The exchange PayBito invited to participate in its listing with our coin. Is it worth trusting such a proposal? I ask advice from experts. Thanks

It's a good news for PayBito exchange users. PayBito's current trading volume $69,348,799 USD which is equal to 7,942 BTC.
It has strong cyber security measures which make it a safe and secure platform for trading cryptos.

www.paybito.com has simplified crypto trading by implementing updated infrastructure, UX/UI design, and a robust security system. Although there are still a few bugs yet to be fixed, it is safe to trade on Paybito's crypto exchange and its crypto broker platform.

Paybito's offering:

1. Seamless Crypto Trading:
Experience the utmost trust with Paybito, the renowned global crypto exchange. Seamlessly supporting all major cryptocurrencies and fiat currencies, PayBito ensures a secure and user-friendly crypto trading experience. Delight in hassle-free and safe crypto trading with PayBito! Happy trading!

2. White Label Crypto Exchange Solutions
Enterprises, businesses, and individuals can launch their own branded cryptocurrency exchange using PayBito's customized white-label crypto exchange solutions.

3. Crypto Broker Platform
Embark on a cryptocurrency journey as a PayBito broker. Allow PayBito's advanced crypto broker platform to transform your entrepreneurial dream into a reality.


Here are some press references about Paybito:

https://www.benzinga.com/pressreleases/23/07/n33453487/paybito-global-crypto-broker-platform-lists-record-number-of-sign-ups
https://finance.yahoo.com/news/paybito-launches-crypto-broker-program-070000020.html
https://techresearcho.com/top-white-label-crypto-exchange-providers/
https://ffnews.com/newsarticle/paybito-launches-its-brokering-world-hunger-away-campaign-targeting-hunger-stricken-parts-of-the-world
https://finance.yahoo.com/news/paybito-offer-white-label-crypto-080000269.html

Never heard of it though, but I'm always mindful of the ease of depositing and withdrawing assets from my chosen exchange. Personally I don't experience such hassles when I use Bitget in the US