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..

I do not understand the logic of this dispute, because BiteBTC prices are the same as on other cryptocurrency exchanges.

ah ah ah ah ah
i am happy first step
removed from coingecko
https://www.coingecko.com/en/exchanges/bitebtc

ah ah ah ah ah
i am happy first step
removed from coingecko
https://www.coingecko.com/en/exchanges/bitebtc

If we talk about young and cheap coins, this situation is possible, but if we talk about BTC, its price on different exchanges can differ by a maximum of 4-5%.

Thank you for sharing this information. I have never heard about this BiteBTC exchange before. After listening to what you said, and plus the negative comments of BiteBTC in this thread. BiteBTC is in my blacklist already.

You need to be patient and just wait, in the hope that very soon to cancel this procedure KYC. I don't see any other options.

Hope EGEM will escape the troubles ELLA in.

If you are claiming you have an approved account on their exchange then prove it. Show us the transactions of the airdrops and those results in your wallet history on the exchange that match. you can black out your personal information. I bet you won't do this because not one other person has been able to so far.

And I continue to reiterate that if some people came up and started proving the things they are posting on here I would apologize...

but also - I am still curious why NONE of the EGEM users ever got approved or could trade and who was doing the trades that are on the site for EGEM....

and how the exchange rolled out the EGEM wallet in the middle of a HARD FORK with no update

and how they screwed up and chose to do this to a coin where we only have a very small amount of coins in circulation...and know who is doing the trading because of a tight community

so....its a little beyond just prove it with a screenshot - but still even with that - no one has been able to prove a single transaction on biteBTC

Prove me wrong - please!

They tricked a lot of developers.But who the on its stupidity still continues to them to believe.

Is there any way you can prove that? I am neutral, but when such accusations fly, they must be supplemented with evidence.

I counted there more than 40 coins for which there is no trading(the price of 0.00000000BTC).So no one from the community of these coins was able to pass the verification procedure.