Why hitbtc often eliminate coins abruptly

[pornluver]

Suddenly KBD coins are eliminated.

Why?

Do they actually announce this or what am I missing?

Other exchanges would tell in front, that these coins will be eliminated. Why not hitbtc?

[Bitcoin_Arena]

I would advice you avoid such shit exchanges that do not value their clients. They are so many exchanges out there that are way better than HitBTC. i used to use it back then but got fed up of it too

[LastHope99]

Suddenly KBD coins are eliminated.

Why?

Do they actually announce this or what am I missing?

Other exchanges would tell in front, that these coins will be eliminated. Why not hitbtc?

They do it to make money. Moreover, they charge unreasonable fees after the removal.

[Red-Apple]

i am not using this exchange but all of them that i have ever used give you a prior notice in your email, or the lazy ones only post it on their website news or their twitter. but they all announce it first before removing  coins.

besides it is always obvious which coin is going to be removed! you just have to look at that coin's volume to know it is going to removed soon.

[kryptqnick]

Suddenly KBD coins are eliminated.

Why?

Do they actually announce this or what am I missing?

Other exchanges would tell in front, that these coins will be eliminated. Why not hitbtc?

I didn't know they are doing that. I don't use exchanges often now, but I actually enjoyed my experience with hitbtc. I sold $1k worth of tokens for bitcoin and successfully transferred btc to my wallet without any issues, ID or whatsoever. It was cheap, fast and anonymous.
If they are just removing whatever coins they wish, I think it's an understandable move but a very unfair one. Hitbtc has a high listing fee for tokens. The team has to pay 20 btc or more to get listed! The exchange gets the money, allows trading for some time and then removes the coin. If that's what it is, I would call it a scam.

[1Referee]

Hitbtc has a high listing fee for tokens. The team has to pay 20 btc or more to get listed! The exchange gets the money, allows trading for some time and then removes the coin. If that's what it is, I would call it a scam.

It works like this basically;

- coin pays the fee to Hitbtc.
- coin has to generate x volume per month or whatever other time frame.
- coins who can't meet the volume requirements are forced to pay a fee to keep their listing, if they refuse payment, gone they are.

I am pretty sure that all the details are communicated as clearly as they can be between the coin and Hitbtc itself. The only point of annoyance is that the users are the real victims here as always. The only way to not get sucked into these practices is to avoid using shitcoins as much as possible.

[jakagintiri]

Hitbtc is a very terrible market in my opinion, because I once made a withdrawal of Hitbtc Tokens to other markets, but every time I made a Token withdrawal other than BTC, ETH. I am always in trouble with withdrawal tokens, always very long to my destination. So this market is very controversial.

[blokceyin]

Hitbtc has a high listing fee for tokens. The team has to pay 20 btc or more to get listed! The exchange gets the money, allows trading for some time and then removes the coin. If that's what it is, I would call it a scam.

It works like this basically;

- coin pays the fee to Hitbtc.
- coin has to generate x volume per month or whatever other time frame.
- coins who can't meet the volume requirements are forced to pay a fee to keep their listing, if they refuse payment, gone they are.

I am pretty sure that all the details are communicated as clearly as they can be between the coin and Hitbtc itself. The only point of annoyance is that the users are the real victims here as always. The only way to not get sucked into these practices is to avoid using shitcoins as much as possible.

This is interesting. Seems a pretty smart way of doing business from their side but doesn't seem a good deal for the coins. If they think it for the long term they should eliminate before the listing imho.