Bitcoin Forum

Hello everyone,
I deposited 0.01 BTC on this site and now they are saying me that if I want to withdraw it, the minimum amount is 0.05 (500 eur aprox.) I don't know if they are scammers or what but now I waste my time and money. Thanks you for your help to get more info about this website. You think they are scammers or not.

Thanks you again.

While it's normal for exchanges to have a minimum withdrawal limit, 0.05 BTC seems a bit too high in my opinion.

Also, Temtrade's website seems to look a bit too amateurish of a website. It's very very likely to be a scam. To prevent from falling for such scams, make sure to always use reputable platforms instead of risking your money on exchanges that barely anyone has heard about.

For sure they are scammer, maybe you are thinking about deposit the cash to get up to $500 to be able to withdraw, but at that moment you will lose not only 0.01. you will lose $500. So, take the 0.01 lose and walk away, that's my advice.

I try to search for more relevant information about the site, and couldn't find much, that's a signal that it could be a new and fresh scam.

Didn't find anything regarding the minimum withdrawal amount, the live chat also not responsible... I have waited for 15 minutes and no one replying my messages. To be honest 0.05 BTC is high for minimum withdrawal amount, while many trusted and popular centralized exchanges offering below that. The sites is quite new (created 7 months ago) and using namecheap domain. This looks like scam exchanges.

Their withdrawals term says nothing about having a minimum amount: https://temtrade.net/terms
The terms they have on this page; https://temtrade.net/fees says that it's easy and almost you're at convenience by using them. But what did they just told you is a condition that's brought inconvenience. They should also show the market that they have just like any other exchanges.

It all smells like scam. I know exchanges have withdrawal limits mostly because of the withdrawal fees but I have never encountered one that required me to have a minimum of 0.05 BTC not even 0.005 BTC
Do not send any more money to them. How did you come across the exchange thou? It looks new.

---

It's because their terms and conditions are a direct copy-paste from Bittrex Inc.'s Terms of service  - https://bittrex.zendesk.com/hc/en-us/articles/360000560871-Bittrex-Inc-Terms-of-Service-Version-3  :D
Typical scammer character.

They are scammers ^{[sorry to read about your 0.01BTC loss]}...
^{- All you needed to do was to cross-check their "About (https://archive.fo/H0ZNS#selection-205.59-205.69)" page with its "Whois (https://www.namecheap.com/domains/whois/result?domain=TEMTRADE.NET)" information:}

How did you found this website even this website has poor SEO profile?

Look they only have 79 results and most of the links are domain checkers.
https://i.imgur.com/f33eMp8.png

And look at this backlinks profile

https://i.imgur.com/lqwgpkq.png

It doesn't even have any data on Moz and Similarweb which is obvious they have poor SEO profile and obvious just made for scam purpose(Made and abandon soon).

The weird part is how did you found it? It wasn't mentioned to any website from google indexed. Except for some scam checker and other easy to link website for domain checker(Might be submitted on free backlinks generator to get links on Google).

I think OP got this by reading spam messages at social media platforms or someone directly messages him to lure on the website.

In the first place, I can't think of a reason why OP will deposit BTC0.01. It doesn't seem he is interested in the service of the site so likely he was being promised a good offer from whoever.

Almost the same case with the reported websites here wherein people have to deposit a specific amount before they can withdraw:
https://bitcointalk.org/index.php?topic=5081286.0

Sorry to hear you lose mate by I think that's your fault, how come you are depositing into that exchange even without reading or searching everywhere regarding their feedbacks. And the first place, they are unknown exchange sites that usually people don't trust.

This, this is very important when you are looking a legit websites. These tool might help you in busting scam or fake website.

I hope OP will learn from this mistake, always choose the reputable exchange and don't be lure in any promotions offered.

A domain and hosting cost around $25... if they scam $500 to each user even with only one scammed user is good business...

I don't know if i feel bad because this kind of scam still working in 2020 or if i feel bad because OP really was thinking about depo the $500 to be able to withdraw.

In the past, i got scammed on a site like this, and it really sucks.

I share with BitMaxz's curious question. How the heck did you even find this one unknown website?

I bet you are after certain freebies or bonus after signing up or even completing KYC? If I were wrong, then let this be a lesson and stick to popular, trusted, and sufficiently reviewed sites. If I were right, then let this be a lesson and avoid chasing freebies and bonuses especially in sites which have not yet even created the minimum reputation. 

I really don't understand why some crypto users are using unknown exchanges. As for the OP, don't send more btc just to comply with their requirements because the likelihood that you will not get back the money is very high. They have no support nor account in the forum. So reaching out or giving negative trust to them is not possible. 0.01BTC is already a good amount of money these days so don't make mistake when using other exchanges. Check for their legitimacy, their fees and if they have support here in the forum (much better if they have).

I find those minimum withdrawal as shady and also I don't know that site so maybe they are just fishing you up to deposit more so that you can withdraw but here listen to us don't deposit again since for sure you will get scam again if you deposit another amount.

Also don't trust those new sites especially if they offer a big registration rewards and telling you can only withdraw it once you meet the minimum withdrawal set by them.

I didn't noticed that but nice find. And that already tells that whenever a company starts to copy the terms and conditions of other services which is their competitor, they are not serious with the business.
True, a real scammer.

First of all, how did you end up on using up this website/platform? This one isnt known or unheard of on this market and this is my first time on hearing this one.
Next about on that 0.05 minimum withdrawal amount then thats really high that majority wont really agreed upon yet majority or known or top exchangers do have less
and i cant blame you if you do really have doubts for them on being a scam.For now the best thing to do is not to try to deposit even more just for you to withdraw.
Then you do just need to trade with those amounts and try to reach the minimum.Luck if they do really pay or make you withdraw or just simply wont because theyre
scam since from the beginning.I cant see any feedbacks with this site though even trying to make up some research.

On the first hand, thanks you guys to help me about this situation. I never think that I will finished scammed from any site more.. In the other hand, I depo this amount because one guy says me to buy me some BTC there... Idk if I need to demand this scammed amount from the police but now I don't have money...

Did that guy have any accounts on this forum ^{[post it if he/she has one]}?
^{- That person is definitely part of that scam platform. Include his/her information if you decide to report this to authorities [don't get your hopes up].}