Bitcoin Forum

Economy => Service Discussion => Topic started by: BitChick on July 12, 2013, 12:28:17 PM



Title: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: BitChick on July 12, 2013, 12:28:17 PM
I just saw a post about a new exchange called 796 Exchange based out of Hong Kong.  I have seen posts by a "796" here on the board and they seem legit.  I guess they are offering free stock up to 1 million shares for those that deposit and use their site and it seems that have many features that some of the other exchanges do not have.   They have a referral program too.

https://796.com/invite/do/105748

Anyone know anything about them?

This info was posted on their site as well:
Quote
796 Exchange is established and operated by 796 Xchange Limited which is incorporated under the laws of Hong Kong.

796 Exchange is a comprehensive financial website covering futures, stocks, funds, options as well as finance activities related to Bitcoin. We will constantly provide Bitcoin fans with investment channels relating to Bitcoin and promote the Bitcoin application development.


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: vokain on July 12, 2013, 12:31:55 PM
i would just pay very close attention to the motives behind 796. They're here to make money, but is that off long-term fees or to scoop up your money in the long run? They also have decently high fees, and to note, a 1.2% fee to withdraw. I personally don't trust it at all.


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: BitChick on July 12, 2013, 12:33:19 PM
Can we trust any exchanges?  ;)  I guess time will tell on this one too.


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: joesmoe2012 on July 12, 2013, 03:04:47 PM
Can we trust any exchanges?  ;)  I guess time will tell on this one too.

No.

But 1.2% is outrageous for withdraws.


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: arbitrage001 on July 12, 2013, 03:33:35 PM
I signed up for the free share in case they succeed.

They can only take bitcoin and use it as collateral to trade, which kind of defeat the purpose of hedging bitcoin.



Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: joesmoe2012 on July 17, 2013, 12:13:16 PM
I signed up for the free share in case they succeed.

They can only take bitcoin and use it as collateral to trade, which kind of defeat the purpose of hedging bitcoin.



Also signed up for the free share.

Also note that someone from this exchange has been posting all sorts of nonsense all over the forums lately.



Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: lishily on July 17, 2013, 11:15:22 PM
796 lousy boss character, can be said to btc industry disgrace, a malicious peer pressure
And the site is not legitimate in China


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: ranlo on July 18, 2013, 02:02:07 AM
What are the shares you guys are talking about? Signed up and I'm still not seeing anything related to it...


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: vokain on July 18, 2013, 04:01:15 PM
796 lousy boss character, can be said to btc industry disgrace, a malicious peer pressure
And the site is not legitimate in China

nice to get a first-hand opinion :)


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: Pale Phoenix on July 18, 2013, 04:17:50 PM
796 lousy boss character, can be said to btc industry disgrace, a malicious peer pressure
And the site is not legitimate in China

^ Full of concentrated WIN.

1.2% withdrawal fee for a brand new service? I'd say that incentivizes never depositing in the first place.


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: BitChick on July 18, 2013, 04:22:54 PM
What are the shares you guys are talking about? Signed up and I'm still not seeing anything related to it...

I guess the "free" stock is only when Bitcoin is deposited and traded or when referral sign up.  And the withdrawal fee is really high.  So probably not worth it.  I was just curious if anyone had experience with them though.


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: vlaoou321 on July 19, 2013, 02:46:48 AM
 :'(Chinese law does not allow. Members careful


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: Hfleer on July 27, 2013, 10:38:21 PM
What are the shares you guys are talking about? Signed up and I'm still not seeing anything related to it...

I guess the "free" stock is only when Bitcoin is deposited and traded or when referral sign up.  And the withdrawal fee is really high.  So probably not worth it.  I was just curious if anyone had experience with them though.

That was my experience also, they were misleading.  I signed up and then there was some other requirement to fulfill to get the free stock.


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: joesmoe2012 on July 28, 2013, 10:50:04 AM
I couldn't find the free stock either when signing up, finally gave up.


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: 796 on August 01, 2013, 08:28:44 AM
I couldn't find the free stock either when signing up, finally gave up.

Sorry about this.
The free stocks for signing up promotion has ended.
Thanks for your support.


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: 796 on August 01, 2013, 08:33:22 AM
What are the shares you guys are talking about? Signed up and I'm still not seeing anything related to it...

I guess the "free" stock is only when Bitcoin is deposited and traded or when referral sign up.  And the withdrawal fee is really high.  So probably not worth it.  I was just curious if anyone had experience with them though.

That was my experience also, they were misleading.  I signed up and then there was some other requirement to fulfill to get the free stock.

Sorry about this.
The free stocks for signing up promotion has ended.
We've done some adjustment to our policy with the increasing price of the stocks.
And here's our latest fee schedule: (VIP tier valid forever)
https://796.com/news/detail/26.html

Thanks!


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: [Tycho] on August 01, 2013, 08:35:45 AM
Sorry about this.
The free stocks for signing up promotion has ended.
You should update your signature then :)


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: Blazr2 on August 01, 2013, 08:38:37 AM
i never recieved my free .01 btc for signing up a few months ago when you opened.


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: 796 on August 01, 2013, 08:39:17 AM
I just saw a post about a new exchange called 796 Exchange based out of Hong Kong.  I have seen posts by a "796" here on the board and they seem legit.  I guess they are offering free stock up to 1 million shares for those that deposit and use their site and it seems that have many features that some of the other exchanges do not have.   They have a referral program too.

https://796.com/invite/do/105748

Anyone know anything about them?

This info was posted on their site as well:
Quote
796 Exchange is established and operated by 796 Xchange Limited which is incorporated under the laws of Hong Kong.

796 Exchange is a comprehensive financial website covering futures, stocks, funds, options as well as finance activities related to Bitcoin. We will constantly provide Bitcoin fans with investment channels relating to Bitcoin and promote the Bitcoin application development.

yeah, our exchange was established under the laws of Hong Kong.
We're creating a new invest conception to let more users make money here.
Thanks for all those supporters.
Though its no more than two months, the operation is all good and promising.
 ;D


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: 796 on August 01, 2013, 08:40:51 AM
Sorry about this.
The free stocks for signing up promotion has ended.
You should update your signature then :)

ah, yes, thanks for reminding. :P

796 Exchange


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: 796 on August 01, 2013, 08:43:57 AM
I signed up for the free share in case they succeed.

They can only take bitcoin and use it as collateral to trade, which kind of defeat the purpose of hedging bitcoin.



Have you noticed the recent news that we're converting stocks for our IPO plan?
No worries, the system will finish the work.
By the way, you're smart.  :)

796 Exchange


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: 796 on August 01, 2013, 08:46:53 AM
i never recieved my free .01 btc for signing up a few months ago when you opened.

We've just finished the converting stocks work for IPO.
it should be free stocks for signing up at the very initial stage of operation.
Thanks!

796 Exchange


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: 796 on August 01, 2013, 08:49:27 AM
What are the shares you guys are talking about? Signed up and I'm still not seeing anything related to it...

I guess the "free" stock is only when Bitcoin is deposited and traded or when referral sign up.  And the withdrawal fee is really high.  So probably not worth it.  I was just curious if anyone had experience with them though.

That was my experience also, they were misleading.  I signed up and then there was some other requirement to fulfill to get the free stock.

We've done some adjustment to some of the policies because of the eagerness for our stocks.
Now we have convert the stocks for our IPO plan.
So far so good.
Thanks!

796 Exchange


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: 796 on August 01, 2013, 08:50:48 AM
Can we trust any exchanges?  ;)  I guess time will tell on this one too.

No.

But 1.2% is outrageous for withdraws.

Hi there,
Here's the latest fee schedule:
https://796.com/news/detail/26.html

Thanks!

796 Exchange


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: WinterParker on February 18, 2014, 12:49:51 PM
So how many registered users on the exchange?

What was the max amount of registered users online at the same time??

TX


Title: Re: Anyone familiar with 796 Exchange? They are offering free stock for signing up.
Post by: Indamuck on February 18, 2014, 03:56:33 PM
So how many registered users on the exchange?

What was the max amount of registered users online at the same time??

TX

While I cannot answer your question specifically, I have been trading there and have been quite happy with the service. Liquidity could always be better, but it is still adequate for my size. I've found it to be the best platform for hedging. And I've gotten good response from 'customer service' on a few occasions when I've needed, through no fault of their own. And they've had no issues with down time, freezing withdrawals, or the like.

I'd recommend giving them a try. Downside is it doesn't appear they have a native English speaker on staff, so the website is not translated all that well, and that might inhibit other westerners from using the platform? I started using them with a considerable amount of skepticism, but I've been pleasantly surprised so far ...