HitBTC the next exchange to become insolvent customers not able to withdraw fund

[bitcoinposts]

Hitbtc is having issues for ver long time but now due to market slow down hitbtc got efforted very badly we should wait for some more days whether hitbtc coming back or nt

[romero121]

To what extent this is going to be true is completely unknown. From my experience with hitbtc exchange I've never got into any of the issues. The thread was started on 19th of this month. I made a withdrawal on 22nd and no issues were encountered. The fund got reflected on the wallet in a short and within few minutes time the transaction got confirmed.

[Genamant]

Heard about this rather well known exchange among the cryptocurrency exchange having issues with settling customers requests to process their withdrawals a few weeks ago.
https://ambcrypto.com/hitbtc-is-insolvent-claim-customers-facing-trouble-withdrawing-funds-for-several-weeks
Didnt think much of it and thought it would just clear itself up eventually.

But then reading about an article just posted today about them asking full kyc or they will keep any customers funds.
https://www.ccn.com/hitbtc-users-shout-fraud-kyc

So they are holding any cryptocurrency a customer has in their accounts hostage for those who do not comply?
Is this acceptable and have other exchanges done this in the past without giving a time frame to be able withdraw your funds if you do not want to go through the process of verifying your exchange account this way?

Eversince my friends account on HITBTC was hacked back early 2018 , we decided to withdraw all our funds and abandoned this exchange for good.

[Mulann2]

All i have ever heard about Hitbtc is negative remarks from people who have used it, a project am following mention they are looking into negotiating with Hitbtc and all the community members went ballistic with the idea,
many were against it, making all sort of claim about the exchange not been trustworthy, and many customer has unresolved transaction issues and so forth, i don't need a soothsayer to tell me this exchange is a no no.

[elisabetheva]

When there was a lot of noise about HitBTC holding back and long transactions, I also experienced and traced and was hampered because of the many transactions at the time and the fees seemed too small. finally be able to be patient and report according to the rules they make, although slow but can be resolved properly. but now even though it's still active I have never used it again, so I don't know the current situation.

[Sexaphiliac]

I really do not like the exchange and I'm sure it's not just me. I signed up on the exchange and activated 2FA. Even with that I still get email notifications that my account has been logged into. I wouldn't be surprised if eventually the exit scam. Their security is poor so they are even bery likely to be hacked also.

[bitbunnny]

Unfortunately they are not the first or the last exchange with such destiny. That is why it's very important to be careful about investing funds with them. Usualy when I spot the first signs of problems and something that is suspicious to me I leave such exchange and don't use it anymore.
I wouldn't be surprised if I read one day here how users lost their funds with that exchange.

[Strongkored]

I do not know whether HitBTC will forever keep user funds without returning to give the opportunity to complete KYC or not, if not then HitBTC is very unfair.
My funds have been stuck on another exchange for more than 2 months because verification is always pending but when the verification is complete I can wd my funds right away and finally decide not to use that exchange.
HitBTC should not provide a time limit for users to complete their KYC and also gives users the choice to be able to withdraw their funds if they object to KYC (and this can be applied to old users).

[coin-investor]

Unfortunately they are not the first or the last exchange with such destiny. That is why it's very important to be careful about investing funds with them. Usualy when I spot the first signs of problems and something that is suspicious to me I leave such exchange and don't use it anymore.
I wouldn't be surprised if I read one day here how users lost their funds with that exchange.

They used to be one of the best exchange in the market, that is when Binance is not yet launching, they cannot keep up and these new exchanges are beating them, although they have a lot of advertisement, they failed to attract traders to use their platform.

I immediately withdraw all my funds and trade all my funds at a loss, when I first saw the sign that they are not living to everyone expectation,
I feel sorry that it has to go this way because I traded in their platform so many times, at least there are still big exchanges in the market like Binance, Kucoin and livecoin.

[barbara44]

I really do not like the exchange and I'm sure it's not just me. I signed up on the exchange and activated 2FA. Even with that I still get email notifications that my account has been logged into. I wouldn't be surprised if eventually the exit scam. Their security is poor so they are even bery likely to be hacked also.

We really have to be cautious of the exchange that we pick interest in, although this exchange started well, but I don’t know the reason for the problem they are having, this is also a big exchange and I would not be sure if they lack the profit to run the exchange smoothly r they lack expertise hands.

I stopped using them also when I discovered some of those lapses in them, and I am sure that before it go to the stage of op, they must have been showing some signs that he just did not pay much attention to, if he had paid attention to them, then he would have moved over to some other better exchanges like kucoin, coinbase, binance and maybe Bittrex, those have served their clients well ever since they were created and I am sure that they will not fail now.