Tradesatoshi - BEWARE! Blocking without reasons.

[JollyGood]

Why you choose to use that, anyway? I mean we have tons of good sites but you still chose that. Honestly, I didn't even dare to use that site since my friend warned me and even my token got listed there, I just wait for another site than to deal with it.

Btw, what happened on the other mail that you use? Do they respond?

You're right, there are many quality exchanges. But there was coin, which had chosen this exchange as first for listing, so i was trading with this coin there.
Seems, they even unblocked my main e-mail, so i was able to send a support request, but got just a standard answer:

11.03.2019, 03:41, "Tradesatoshi" <neverbin16@tradesatoshi.com>:
> Dear user,
>
> Did you already send the required documents for KYC?if it is , our verification team will verify those documents you provided and contact you through your account registered email address.
>
> Kind regards,
> Mod Chicky

Looks like, i will loose all the amount of the coin i was trading with. Bad experience for me, but good chance not to repeat it for us all.

And from their email, it looks like they consider themselves a financial institution now?

Yeah, seems so)

One guy pointed me at this: https://beta.companieshouse.gov.uk/company/09878766
I'm not sure whether it means something, so i'll just leave it here.

Tradesatoshi Ltd is incorporated in Hong Kong according to its terms:



https://tradesatoshi.com/Home/Terms

It is currently a registered company in Hong Kong according to the register.



https://www.icris.cr.gov.hk/csci/

I'm not sure where it was incorporated prior to this. It is likely that it moved its operation to Hong Kong prior to its de-registration in the UK.

Interesting bit of information

[1715297417]

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[1715297417]

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[JollyGood]

Hey, more amusing news. One guy, whose account was locked also, decided to send them his ID. The result was awesome:



As i said earlier, if you had not filled in your account details with the real name on the stage of registration, you won't pass the KYC: "Your ID details is different in your Account details". And the fields with name, surname, date of birth are read-only, lol. Bingo: your balance is "legally" stolen! Spread the word, please.

Tradesatoshi are scammers. Oh well...

[DiHunter]

Briefly some facts about Traidsatoshi (read more here:)

1. Raised BTC withdrawal fee to insane 400K sat.



2. Started KYC checks (Did they want to force users leave more BTC on their balances to the time when KYC started? The more BTC on the frozen balance - the greater the incentive for users to accept the KYC or more funds will be freezed, if the KYC-check will be failed)

3. Some users refused to send KYC-info to the unknown exchange with a doubtful origin.

4. Some failed to complete it, because they had different data in their profile and their IDs. (they also couldn't change their data in profile - fields are read-only).



5. So these funds will stay frozen, and some day these accounts will be closed and funds will go to the exchange. Bingo!


6. Traidsatoshi staff interacted with affected and dissenting users by banning them in discord and twitter, and posting stupid pictures in their own topic.

7. After many users complaints Traidsatoshi lowered the BTC fees to attract users, cause their trading volume is incredibly low - only 11 BTC!!! It is the 190 place from overall 2 hundreds at coinmarketcap.

8. Seems, a new cycle of depriving users of their funds has started. Is that what you want?

They are trying to hide the truth under stupid flame in their own topic, but this won't help. Tradesatoshi is an unreliable exchange for trading and listing your coins. Beware of it.

[JollyGood]

I am adding these Tradesatoshi scammers to my Scam Alert signature

[DiHunter]

I am adding these Tradesatoshi scammers to my Scam Alert signature

Thank you, sir! Right decision.

[fortunecrypto]

I am adding these Tradesatoshi scammers to my Scam Alert signature

Nice move this is good for people's awareness, this should be stopped, there are still good exchange out there, I only trade once in tradesatoshi and I notice the exchange lack activity, I just knew they will do a scam exit because they are being beaten by the competition.

[JollyGood]

I am adding these Tradesatoshi scammers to my Scam Alert signature

Nice move this is good for people's awareness, this should be stopped, there are still good exchange out there, I only trade once in tradesatoshi and I notice the exchange lack activity, I just knew they will do a scam exit because they are being beaten by the competition.

Thank you for your kind words. As you mentioned the purpose of highlighting these scammers is to simply inform newbies and gullible members of the community to keep away from them.

I am glad you noticed the lack of activity was alarming when you made your sole trade on Tradesatoshi and had the feeling they would exit scam at some point. That for me is still the inevitable outcome but first they will probably selective scam customer just as they have done to the OP.

I am not looking too deeply at their alleged motives for closure of the UK company and registering it in Hong Kong or anything else, it is just the selective scamming they are doing which is akin to what CHANGELLY, CHANGENOW & ATOMIC SWAP along with FLYP.ME, HOLY TRANSACTION and ROCK TRADING are doing (as mentioned in my Scam Alert signature)

[DiHunter]

...
Thank you for your kind words. As you mentioned the purpose of highlighting these scammers is to simply inform newbies and gullible members of the community to keep away from them.

I am glad you noticed the lack of activity was alarming when you made your sole trade on Tradesatoshi and had the feeling they would exit scam at some point. That for me is still the inevitable outcome but first they will probably selective scam customer just as they have done to the OP.

I am not looking too deeply at their alleged motives for closure of the UK company and registering it in Hong Kong or anything else, it is just the selective scamming they are doing which is akin to what CHANGELLY, CHANGENOW & ATOMIC SWAP along with FLYP.ME, HOLY TRANSACTION and ROCK TRADING are doing (as mentioned in my Scam Alert signature)

Yeah, seems they are going to exit scam some day. They lost the competition. Users don't want to trade on this exchange because it is not safe. And as a result their trading volume is very low and keeps falling:


Great trend:

[DiHunter]

Some very good comments from tradesatoshi-topic:



The level of comminication in tradesatoshi-topic from tradesatoshi-staff or just tradesatoshi-lovers is "amazing"! They are making great job to bring more "popularity" to this scam-exchange.

[JollyGood]

Great trend:

These scammers must have made a lot of money from their selective scammer techniques. Not all of those getting scammed come here and open a Scam thread so we will never know exact numbers but since the OP has brought this matter to the attention of the community we all need to relay the message so gullible people and newbies stay away from the Tradesatoshi scam.

[DiHunter]

These scammers must have made a lot of money from their selective scammer techniques. Not all of those getting scammed come here and open a Scam thread so we will never know exact numbers but since the OP has brought this matter to the attention of the community we all need to relay the message so gullible people and newbies stay away from the Tradesatoshi scam.

Another dialog from discord which clearly shows us, that Traidsatoshi had never intended to make and had not made any notifications prior KYC-check started.
They just had blocked and freezed legal funds. And the do not intend to return them to the owners!

Pay attention at messages of user "phael". He is in a special group at Tradesatoshi-discord - satoshians, so he is not a "first day"- user, we can rely on his words.

[Jose61]

This volume is not real. Bot buys the same amount all the time. Look at the transaction history.

[nutildah]

I know I asked you for screenshots earlier -- you posted a good deal of evidence in this thread. I'm going to give them one chance to explain themselves before issuing a red tag... Its the only thing we can do to discourage others from depositing on their site. As far as getting your money back is concerned -- there isn't a whole lot to be done, unfortunately 

[JollyGood]

I know I asked you for screenshots earlier -- you posted a good deal of evidence in this thread. I'm going to give them one chance to explain themselves before issuing a red tag... Its the only thing we can do to discourage others from depositing on their site. As far as getting your money back is concerned -- there isn't a whole lot to be done, unfortunately 

Well the red trust will go a long way to keeping those familiar with crypto to keep away from them and it will give advise gullible people and newbies to find another exchange.

I already added them to my scam alert signature but am giving them just a little more time to get back to the OP with a satisfactory reply otherwise red trust will be added too and not removed.

[DiHunter]

This volume is not real. Bot buys the same amount all the time. Look at the transaction history.

In this case their volume is even more ridiculous.

[DiHunter]

I know I asked you for screenshots earlier -- you posted a good deal of evidence in this thread. I'm going to give them one chance to explain themselves before issuing a red tag... Its the only thing we can do to discourage others from depositing on their site. As far as getting your money back is concerned -- there isn't a whole lot to be done, unfortunately 

Thanks again.
I'm not worried a lot about money - not that much was lost. I was more stunned by the insolence with which the exchange pulled off this scam. So if we can keep as many users away from these fraudsters as possible, it will fully compensate me for my losses.

[JollyGood]

I know I asked you for screenshots earlier -- you posted a good deal of evidence in this thread. I'm going to give them one chance to explain themselves before issuing a red tag... Its the only thing we can do to discourage others from depositing on their site. As far as getting your money back is concerned -- there isn't a whole lot to be done, unfortunately 

Thanks again.
I'm not worried a lot about money - not that much was lost. I was more stunned by the insolence with which the exchange pulled off this scam. So if we can keep as many users away from these fraudsters as possible, it will fully compensate me for my losses.

What are the Bitcointalk usernames for Tradesatoshi? Time to leave red trust for them

[DiHunter]

What are the Bitcointalk usernames for Tradesatoshi? Time to leave red trust for them

This one was active long ago:
https://bitcointalk.org/index.php?action=profile;u=902367

This one is currently active in their topic, he posts news:
https://bitcointalk.org/index.php?action=profile;u=2326516

This one is a troll,which actively spams in Tradesatoshi-topic to hide all the complaints; has a signature "tradesatoshi", but I guess not from the staff.
His bolivarcoin is traded on Tradesatoshi at 99% from overall trading volume - 40$ )
https://bitcointalk.org/index.php?action=profile;u=543083

[JollyGood]

What are the Bitcointalk usernames for Tradesatoshi? Time to leave red trust for them

This one was active long ago:
https://bitcointalk.org/index.php?action=profile;u=902367

This one is currently active in their topic, he posts news:
https://bitcointalk.org/index.php?action=profile;u=2326516

This one is a troll,which actively spams in Tradesatoshi-topic to hide all the complaints; has a signature "tradesatoshi", but I guess not from the staff.
His bolivarcoin is traded on Tradesatoshi at 99% from overall trading volume - 40$ )
https://bitcointalk.org/index.php?action=profile;u=543083

Thank you.

As soon as others leave red trust for the Tradesatoshi users involved I will add my own red trust too

[DiHunter]

Traidsatoshi trolls continue to spam their own topic to hide all reasonable posts and complaints:
https://bitcointalk.org/index.php?topic=1691388.500