BiteBTC will become a next-generation crypto-exchange, which supports trades:
- in popular crypto-currencies (BTC, ETH, LTC, ETC, DASH, XMR, etc.);
- in popular and promising tokens based on Ethereum and Waves platforms;
- in the fiat currencies (USD, EUR, CNY, JPY), which can be withdrawn directly to the bank account.
Currently, the exchange is at the testing stage and will be launched within a month.
Our architecture allows to sustain high loads (more than 50,000 simultaneous connections, more than 1000 transactions per second) and meets all the stringent requirements for modern blockchain projects.
We are ready to consider requests for connecting your coins to BiteBTC, if your project interests us, as promising and relevant for the development of the crypto-industry and the popularization of the Blockchain technology.
We look forward to get your feedback!
Why would you expect random strangers you never interacted with to trust you with their coins? If this is a new exchange, you should engage a trusted escrow here and deposit a certain number of coins to protect those who sign up on your exchange and send coins to your hot wallets. New exchanges are very risky platforms to trade on. When a user creates an account and sends coins to your hot wallet, balances shown on that account reflect an artificial value. It's just numbers the operator assigns to the account based on coin transactions sent to your hot wallet. The true and actual value is embedded in the hot wallet itself which your users have no access to.
Or do you offer a wallet-type of account within which users can store bitcoins? If yes, then I'm 100% certain that private keys to each account are known to the exchange's owner or staff only.
As harsh as it may sound, you have zero trust in the community and you can't simply expect people to send you their bitcoins without any form of assurance or collateral guaranteeing the safety of their money. As a new exchange, I suggest you use a trusted escrow here to hold this collateral.
All these fly by night exchanges opening for business overnight. This is a worrying trend and explains why regulators are enforcing stricter checks on their compliance and legitimacy.
