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Author Topic: Bitpaction Exchange: How's the experience?  (Read 76 times)
cryptoaddictchie
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June 08, 2018, 05:55:38 AM
 #1

Hi there have you heard of this exchange? I have a tokens got listed here so I have no choice but to register and try to trade here. If youre fund of Kucoin interface you can seem to navigate this exchange cause they are really similar interface. Also, they have their own token callled bitpaction shares, see? really a seconf kucoin exchange.  The only difference, right now they are still fast and smooth since it is new but once the exchange loaded with tokens probably it will clogged as well but still I just want to share this one to you all. Lots of major tokens are already listed like, EOS, TRX, and many more.


Any thoughta about your trading experience on this exchange?

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June 08, 2018, 06:52:50 AM
 #2

Main question with any new exchange is does it have liquidity?  Theres no way I'd trade big name coins or buy them there because the lack of liquidity will usually cause them to cost a premium which won't be good..  We all experience having tokens that open up on whatever exchange that we are forced to use (lol idex).. but I usually avoid everything else.. even Kucoin that did well in December just feels like a graveyard.. theres no volume across almost all of their exclusive coins and its hurt price a lot.

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June 08, 2018, 07:16:38 AM
 #3

Hi there have you heard of this exchange? I have a tokens got listed here so I have no choice but to register and try to trade here. If youre fund of Kucoin interface you can seem to navigate this exchange cause they are really similar interface. Also, they have their own token callled bitpaction shares, see? really a seconf kucoin exchange.  The only difference, right now they are still fast and smooth since it is new but once the exchange loaded with tokens probably it will clogged as well but still I just want to share this one to you all. Lots of major tokens are already listed like, EOS, TRX, and many more.


Any thoughta about your trading experience on this exchange?
I never hear of this exchange yet,but if you traded your token in that exchange then better move your funds to your wallet to keep your money safe because if that is the new exchange then the problem will get delayed when the traffic increases so you may hae to wait for too long to get back your funds.

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July 14, 2018, 09:54:11 AM
Merited by johnwest (1)
 #4

Be carefull with this exchange, they've been hacked recently and with a week of radio silence they released this statement;

Quote
Dear users:

Due to the poor management of the company and the loss of accounts by attack during this period, the website could no longer maintain normal operations. The trading function will be permanently closed on July 13th of this month, the withdrawal channel will be reserved. Please withdraw the remaining tokens as soon as possible. The entire server will be permanently closed on July 15th of this month.

We are deeply sorry for this inconvenience.


Source: https://support.bitpaction.com/hc/en-us/articles/360006853174-Server-permanent-shutdown-notification-

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July 14, 2018, 10:19:50 AM
 #5

Be carefull with this exchange, they've been hacked recently and with a week of radio silence they released this statement;

Quote
Dear users:

Due to the poor management of the company and the loss of accounts by attack during this period, the website could no longer maintain normal operations. The trading function will be permanently closed on July 13th of this month, the withdrawal channel will be reserved. Please withdraw the remaining tokens as soon as possible. The entire server will be permanently closed on July 15th of this month.

We are deeply sorry for this inconvenience.


Source: https://support.bitpaction.com/hc/en-us/articles/360006853174-Server-permanent-shutdown-notification-

Thank you for that.. I had a token which was valued to zero right now in that exchange. Gladly withdrew from them. There were many who bought their utility token BPS and its sad to see them go.



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btc_angela
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July 14, 2018, 10:23:26 AM
 #6

Hi there have you heard of this exchange? I have a tokens got listed here so I have no choice but to register and try to trade here. If youre fund of Kucoin interface you can seem to navigate this exchange cause they are really similar interface. Also, they have their own token callled bitpaction shares, see? really a seconf kucoin exchange.  The only difference, right now they are still fast and smooth since it is new but once the exchange loaded with tokens probably it will clogged as well but still I just want to share this one to you all. Lots of major tokens are already listed like, EOS, TRX, and many more.


Any thoughta about your trading experience on this exchange?

To be honest, I never heard of Bitpaction, but what the hell did your tokens get listed on them. Lol. Anyways, it looks like they have their own bounty campaigns so its a fairly new exchange. Yep, since the user based is not that big right now, its going to be extremely fast but once the exchange gain attention, it will be overloaded and complains will come up. hehehe. Since the bounty pays with their token, I advise to just hold on it. Because look at Kucoin tokens now well above ICO price if I'm not mistaken.

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Guvn0r
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July 14, 2018, 10:26:44 AM
 #7

Many people go to these low volume exchanges that appears out of nowhere, most of the time the reason is that the spread or prices are too good to refuse. There are talks that many exchanges use bots to manipulate the price, so what you see online may not be the real rate at which you can buy or sell..Be careful when using new exchanges.
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July 14, 2018, 10:31:57 AM
 #8

Many people go to these low volume exchanges that appears out of nowhere, most of the time the reason is that the spread or prices are too good to refuse. There are talks that many exchanges use bots to manipulate the price, so what you see online may not be the real rate at which you can buy or sell..Be careful when using new exchanges.

True, but they even had a tokensale om some sort and did a big bounty campaign here. And every exchange starts from the bottom. But what they did here is just killing people. There Telegram is a mess to, i think they got in some sort of "fight" withing their staff or so.

Anyway, the users are the real victims in this scenario right now, sad to see it end like this.

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