Hi Dev,

Why is your website for thorecash cannot be found? www.thorecash.com ?

Yeah, it took quite a long time for the deposit to come through. I'd say around 20-30 minutes maybe. The transaction was confirmed on Etherscan much sooner but the deposit required 20 confirmations on BiteBTC's side before the balance was updated.

Nice!

I successfully deposited one asset and tried to trade it but I keep getting "In order to start trading on this market, it's required to pass full verification". I wonder if it's just for this particular market or is this "feature" generally applied.

Haven't tried to withdraw yet. I'll probably just wait for a couple of days to see if they actually enable crypto trading (and withdrawal for up to $2000 equivalent) for partially verified accounts.

I am in. I got partially verified too. Anyone here who tried trading so far? And withdrawal?

Try rebooting your computer/router. A different IP might be assigned to your computer on restart.

Did you try using another browser?

Now my account is "partially verified".

And they allow me to trade, withdraw, and deposit crypto. Max. $2000 daily.

What the hell?

Now it's the second part of the scam: Suddenly allow all those people to deposit their BTC, and then goodbye....off to the Seychelles. 

And they also write that the "full verification" will take another 14 days.

Of course, of curse. But it's now allowed to deposit BTC there. How cool's that!? 

They will now wait for people to deposit as much BTC as possible, and then exit scam!

Shitty scammers! 

I spent the last 4 hours in following trades to one of the coins in bitebtc. The selling and buying lists are not moving yet transaction history move almost every minute. The buy and sell isnt matching with trade history. I am becoming doubtful, and leaning towards that bots are behind the trade, until i really get approved and see for myself. For now, i say volume is dubious.

I want to note that today on August 22, I do not see any changes. We are waiting for explanations from the exchange administration.

First of all i hope i quoted this well. As i have observed newbees cant just reply without quoting ;(

Secondly, thanks for spending time and even replyng on my feedback.

To further my opinion, if bitebtc is a scam, they are really doing a poor job about it. I cant really reconcile why they would not approve applications, wherein if they do that, they can scam more people and get more ill profits. Why would they choose to be a small time scammer and not go big time? With what they are doing now, not approving applications, many people are just pissed, just like some of the people here, yet, they remained to stand their ground and did(i think) try to comply with KYC process. For me it doesnt make sense. If you scam, scam all the way - meaning approve all applications, but they are not.

With the latest development of KYC and jurisdiction, in line with their press release, in just a few days we will know if they will be approving applications, which includes mine. If nothing happens post August 21, ill be humble enough to admit i took the wrong side. However, i encourage everyone to remain decent and calm and remain professional whatever sides they take. For my end, if proven that i am wrong, id still be compost, and still not stoop to an earthworms level ( sorry for my french). For i know i can deliver whatever convictions i may have, without being derogatory, or hurting others feelings because of my harsh words or comment.

Btw, i am not a minion of anyone, as i believe you are not a minion of whoever and believe you have your own mind and principles.

These are just opinions of one person, me, just like your own opinion. These are all just opinions for now, as i believe no one here is an expert or an authority in determining scams for exchanges, these are all educated guesses based from what we know and based from what we want to believe.

I think the original author of this thread already tagged the authorities of singapore on their twitter accnts. And I think you shared some links where to report scams (i maybe wrong, apologies if i misquoted that). So let them decide, as they are the authorities. Lets just continue to have intelectual exchanges, which will help the community to weigh things and stop prosecuting and even persecuting entities.

Hey, paid believer, if this "exchange" is that serious why have they locked their thread on Bitcointalk?

Nothing to hide?


Hi guys,

I am not a crypto expert, nor pretending to be one. I am also not an expert in determining scams and the likes. As you could see in my profile, i am just a newbie here, tho i try to read as thorough as my time could permit. So let me share my 2 cents here, as i see this platform a democratic avenue for views and opinions, even for small time like me.

As early as first quarter this month, bitebtc had released its intention to comply with the KYC procedures of singapore, as they were physically situated there. I know everyone who is crypto enthusiast noticed how government now wants to regulate crypto, exchanges and the likes. Bitebtc, as legal as possible, wanted to adhere to the law. And this has been published on their newsfeeds, tweeter accnts, and at times would answer to your emails and chime into bitcoin talk discussions.

There was a time they were actively participating in the discussions despite the bash they are getting, later on they just decided to focus on appealing their case with singapore. Despite that, there were regular updates from them on their case.

In the recent past, they change jurisdiction, since they find the regulations in singapore stiff and already becoming detrimental to their business and clients. Just recently they announced, that they got a green signal to process registrations, no later than august 21, however, they also put a disclaimer, that approvals may take days because of huge amount of pending applications. As i saw on one of their email replies to one of the free thinkers here, they have roughly approved 10,000 members prior to KYC implementions, and pending 60000 more (probably more than that by now).

Crossing my fingers, we will see approved applications post August 21 and moving forward.

Some disgruntled members here are actually coin developers, who paid to be listed on their exchange - they all have the right to feel they were cheated or scammed. My opinion is, bitebtc could have handled those cases appropriately and could have been upfront with them with the situation they face, since right now, they doubt the legitimacy of the exchange because not a single supporter of their coins is being approved.

On the other hand, if bitebtc was an exit scam, why didnt it approve all those 70k + applications. Common sense tells me, it would have profited a lot and could even entice more listings if he did that and just ran away with all the coins their members have and the listing fees coin dev paid. But it chose not to do that.

Again, this is just my 2 cents, I am entitled to it, as you are entitled to yours.

I would probably have many haters after this post, but i encourage you to wait until the 21st and a couple of days. For all you know i may be wrong, or i may be right. So for all the haters out there, give bitebtc this week. And just persecute me next week, or hoping this week wil change your mind set.

Also i appreciate your concern to the community, by warning them of possible scams and what not. However, what if you were wrong? Theres also a chance you are right. That will be answered in the next few weeks or so. But i hope i am right..