Kucoin vs HitBTC

[TucoRamirez]

which do you trust more? Kucoin or hitBTC?

HitBTC has been around longer and has far larger volumes.

Kucoin just hired that douchebag Ian Balina as an ambassador.

[1Referee]

In crypto exchange land there isn't one single party that you can trust.

If there was a list of worst exchanges within this industry, then both KuCoin and HitBTC would be somewhere deep down on the very bottom.

The other problem with these shitty exchanges is their lack of will to comply within the jurisdictions they operate in, which makes them an easy target for authorities. In other words, you don't only risk coins with how shitty the exchanges themselves are, but you also risk losing coins in case authorities raid the crap out of them, which is just a matter of time. Use them at your own risk and accept the potentially negative consequences.

[TucoRamirez]

I agree with you 1Referee, Kucoin and HitBTC are both down on the bottom of the list of 'quality' exchanges.


I made this topic because I hold some Telcoin, currently on Kucoin.  However, they had some drama recently with someone visiting their HK office which was empty, and they later clarified saying they have moved to Singapore. They also hired Ian Balina which is a sign to me to GTFO.

My alternative to store my Telcoin is HitBTC. 

[hugeblack]

Trust is the private key. If you do not own it, do not trust anyone.
I do not know why you limit your options in those platforms but try to get your money/coins out as soon as possible.
Each has its pros and cons

Kucoin.com: Better support"+", more currencies"+", Unregulated"-".
Hitbtc.com: long time verification "-", higher fees"-",Demo Mode"+"

If the option is for me, Kucoin win.

[jhenfelipe]

My alternative to store my Telcoin is HitBTC. 

Check HitBTC first before sending your token there. Recently, some users aren't able to trade or withdraw, accounts are being locked, and their support isn't really good. AFAIK they have high withdrawal fees too.

If you will not trade, it's advisable to just store your Telcoin in an external wallet where you yourself keep the private key.

[Slow death]

which do you trust more? Kucoin or hitBTC?

hitBTC

Registrant Organization: WhoisGuard, Inc.
Registrant Street: P.O. Box 0823-03411
Registrant City: Panama
Registrant State/Province: Panama
Registrant Postal Code:
Registrant Country: PA

HitBTC SCAM MY ACCOUNT

Kucoin

Registrant Organization: KuCoin Co., Limited. , HongKong
Registrant State/Province: Hong Kong
Registrant Country: CN

The company is a big fraud. Their sites sometimes get stuck. Turned the transaction down. Small transaction problems are less. They sit on the hopes of something bigger. If a large transaction is executed then it will put the problem in trouble. And they take the full money themselves. It does not just say the KuCoin, new exchangers behave like this.Trying to stay away from it.

WARNING about KuCoin

WARNING: KuCoin’s Hong Kong office is empty.

[BitMaxz]

As far as I heard KuCoin and HitBTC have the same team back-end?

Based on my experience I haven't encountered any issue yet using KuCoin exchange, but in HitBTC I don't trust their service because there are many complaints about withdrawing altcoin lately and some of the complaints that their withdrawal process is stuck, which is not good.

The other reasons why I'm afraid to use HitBTC it's because there is some thread telling that HitBTC is a scam like the 2 links below.

https://bitcointalk.org/index.php?topic=2790367.0 and this https://bitcointalk.org/index.php?topic=2790367.0

So, I recommend that it's better to stay on KuCoin exchange.

[TucoRamirez]

Thank you all for replying.  I have been minimally using both exchanges for 6 months and personally had no issues with either one yet.

Still, it seems from the replies that both are shady exchanges and could vanish with user's funds at any time.

I'm still not sure what to do regarding my Telcoin...

[harizen]

I'm still not sure what to do regarding my Telcoin...

You have 3 options.

a) If planning to hold it for long = Store the tokens where you hold your private key (MyEtherWallet, Metamask etc.).

b) If planning to trade it regularly = Play with the risks with that exchanges.

c) If plan to sold it now = Then do it now and hope that withdrawal will be processed smoothly.

That's how risky using exchanges even with the reputable ones so do a brainstorming on what should you do.

[TucoRamirez]

I'm still not sure what to do regarding my Telcoin...

You have 3 options.

a) If planning to hold it for long = Store the tokens where you hold your private key (MyEtherWallet, Metamask etc.).

b) If planning to trade it regularly = Play with the risks with that exchanges.

c) If plan to sold it now = Then do it now and hope that withdrawal will be processed smoothly.

That's how risky using exchanges even with the reputable ones so do a brainstorming on what should you do.

Wow, I didn't realize that Telcoin is ERC20 token and can be stored in MEW. Thanks, that is exactly what I will do!

[electronicash]

In crypto exchange land there isn't one single party that you can trust.

If there was a list of worst exchanges within this industry, then both KuCoin and HitBTC would be somewhere deep down on the very bottom.

The other problem with these shitty exchanges is their lack of will to comply within the jurisdictions they operate in, which makes them an easy target for authorities. In other words, you don't only risk coins with how shitty the exchanges themselves are, but you also risk losing coins in case authorities raid the crap out of them, which is just a matter of time. Use them at your own risk and accept the potentially negative consequences.

that should scare you lol

its true if you just look at what happened in the past where there are exchanges that suddenly defaced themselves.

these warnings ain't going to get into the heads of the traders because of money. they have to put their coins on exchanges in hopes of gaining once the token they bought for cents rockets up. its the risk they are willing to go but will complain here and then when shits happen.

[TucoRamirez]

Well I don't trust either one.

Leaving any amount of funds on any exchange is leaving yourself open to getting shafted.  I moved everything away from Kucoin.

Now I have only some coins on Cryptopia, Bittrex and Binance, which also I am not too happy about. I want to further consolidate and ideally keep all my investments in a place where I control the private keys, but this will be unlikely until Trezor starts to support ~50 coins or so.

[Kemarit]

Personally, I'm been using HitBTC for quite some time now but there was one instance that I face a withdrawal problems and it took almost a month to settle. Yes, I did get the funds but I completely went out and because of scams accusations against them, I completely stop and didn't do any trades for the last 4 months or so. I was afraid I might be trap as well, so its better to exit and look for another exchanges. Kucoin though seems to be a good trading platform although I think I just traded only once on that platform. So I can't say any good or bad experience with them. Anyways, the final decision is still yours and goodluck.

[harizen]

I'm still not sure what to do regarding my Telcoin...

You have 3 options.

a) If planning to hold it for long = Store the tokens where you hold your private key (MyEtherWallet, Metamask etc.).

b) If planning to trade it regularly = Play with the risks with that exchanges.

c) If plan to sold it now = Then do it now and hope that withdrawal will be processed smoothly.

That's how risky using exchanges even with the reputable ones so do a brainstorming on what should you do.

Wow, I didn't realize that Telcoin is ERC20 token and can be stored in MEW. Thanks, that is exactly what I will do!

Yes they are ERC20 token based so basically can be transferred to MEW.

If you are not aware of it then where do you get your TEL? You purchased it directly on exchange?

Anyways looks like they will have their own standalone wallet in the near future based on the information at their site.

[milewilda]

In crypto exchange land there isn't one single party that you can trust.

If there was a list of worst exchanges within this industry, then both KuCoin and HitBTC would be somewhere deep down on the very bottom.

The other problem with these shitty exchanges is their lack of will to comply within the jurisdictions they operate in, which makes them an easy target for authorities. In other words, you don't only risk coins with how shitty the exchanges themselves are, but you also risk losing coins in case authorities raid the crap out of them, which is just a matter of time. Use them at your own risk and accept the potentially negative consequences.

that should scare you lol

its true if you just look at what happened in the past where there are exchanges that suddenly defaced themselves.

these warnings ain't going to get into the heads of the traders because of money. they have to put their coins on exchanges in hopes of gaining once the token they bought for cents rockets up. its the risk they are willing to go but will complain here and then when shits happen.

No matter how many times we do warn people they would really still remain hard-headed due to the fact that transferring your assets or coins would really requires time and fees which even traders are fully aware on the risk then they would need to risk up for them to avoid those negative factors some might follow those withdraw-deposit scheme but most of us will choose up to store our coins on an exchange for fast executions of orders when we do see opportunities.About selection with Kucoin and Hitbtc then i would vote for Kucoin.

[FeverMore23]

Kucoin and HitBTC exchanges are such a beautiful exchanges because of their platform. They has a good platform which is really easy to use especially for those who are beginner in trading. I would suggest you to pick on your own because of the reason that both are easy to use. Both have low transaction fee. Both have low withdrawal fee and both have a good security.

[magisterr]

Kucoin and HitBTC exchanges are such a beautiful exchanges because of their platform. They has a good platform which is really easy to use especially for those who are beginner in trading. I would suggest you to pick on your own because of the reason that both are easy to use. Both have low transaction fee. Both have low withdrawal fee and both have a good security.

HitBTC have a very high fees. And even more, users cant withdraw full amounth which they have on ballance (in any currencies) and some % of coins left on their exchange forever. I think this is made specially and they earn big money in overall...

[sunsilk]

HitBTC have a very high fees. And even more, users cant withdraw full amounth which they have on ballance (in any currencies) and some % of coins left on their exchange forever. I think this is made specially and they earn big money in overall...

Before trying hitbtc out, I'm relying to the reviews of most here in the forum and all I've read is about those bad things. And that made my decision of not going through and trying it out.

Kucoin for me is fine though this isn't the best exchange that I used so far, so good and they are very reliable if you have any problems to solved or you have met.