BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE |

[SmartIphone]

This is exactly what I've been asking. This means that the exchange is using relative values (percentages) in calculating the bonus. In fact, I think you are confusing something since if you, for example, deposited 1 BTC, got 0.01 BTC as a bonus, earned through trading 8.99 BTC (so your total is 10 BTC), and then decided to withdraw the funds, they would deduct 0.1 BTC (1% of 10 BTC), which is  nonsense...

If what you say is nevertheless true, such marketing tactics would be a masochistic exercise in stupidity

Firstly you are guaranteed that you will lose some money whatever if you got any profit from trading there or not.
So this tactic is smart from them but for users it not good because it's not good, we are not fools.

This tactic is not smart. I'd argue it is pretty much stupid, since traders are not fools and would stay miles away from such an exchange (that would allegedly grab some of their profits). In fact, I've never heard about any exchange using something similar before. Could you please post a link where this bonus accruement on deposit and subtraction on withdrawal is described in greater detail (preferably at Bter itself)?

I wanna see it with my own eyes

I just logged in our bter exchange and seems that they have removed this feature of +- 1% bonus.
They have added something new VIP tier which affects the trading fee, but still no batch of payment

[deisik]

This tactic is not smart. I'd argue it is pretty much stupid, since traders are not fools and would stay miles away from such an exchange (that would allegedly grab some of their profits). In fact, I've never heard about any exchange using something similar before. Could you please post a link where this bonus accruement on deposit and subtraction on withdrawal is described in greater detail (preferably at Bter itself)?

I wanna see it with my own eyes

I just logged in our bter exchange and seems that they have removed this feature of +- 1% bonus.
They have added something new VIP tier which affects the trading fee, but still no batch of payment

They must be closely following this thread, lol. If I remember correctly, when they restarted operation after the hack, the fees had been cancelled for a month or so. It doesn't look like it helped them much, though. Further, many Chinese exchanges (and Bter is a Chinese exchange, after all) don't charge trading fees altogether...

So whatever they come up with next, their days are obviously numbered

[bitbollo]

This tactic is not smart. I'd argue it is pretty much stupid, since traders are not fools and would stay miles away from such an exchange (that would allegedly grab some of their profits). In fact, I've never heard about any exchange using something similar before. Could you please post a link where this bonus accruement on deposit and subtraction on withdrawal is described in greater detail (preferably at Bter itself)?

I wanna see it with my own eyes

I just logged in our bter exchange and seems that they have removed this feature of +- 1% bonus.
They have added something new VIP tier which affects the trading fee, but still no batch of payment

They must be closely following this thread, lol. If I remember correctly, when they restarted operation after the hack, the fees had been cancelled for a month or so. It doesn't look like it helped them much, though. Further, many Chinese exchanges (and Bter is a Chinese exchange, after all) don't charge trading fees altogether...

So whatever they come up with next, their days are obviously numbered

one year ago (month + /- ) I ask more about "btc pending" and they reply:

I am so sorry about the delay.
As the fund is from our trading fee revenue,there is not much trading fee as the market is not so hot in the past months.

so these fee's are useless and probably will ruin definitely this "exchange".

[SmartIphone]

This tactic is not smart. I'd argue it is pretty much stupid, since traders are not fools and would stay miles away from such an exchange (that would allegedly grab some of their profits). In fact, I've never heard about any exchange using something similar before. Could you please post a link where this bonus accruement on deposit and subtraction on withdrawal is described in greater detail (preferably at Bter itself)?

I wanna see it with my own eyes

I just logged in our bter exchange and seems that they have removed this feature of +- 1% bonus.
They have added something new VIP tier which affects the trading fee, but still no batch of payment

They must be closely following this thread, lol. If I remember correctly, when they restarted operation after the hack, the fees had been cancelled for a month or so. It doesn't look like it helped them much, though. Further, many Chinese exchanges (and Bter is a Chinese exchange, after all) don't charge trading fees altogether...

So whatever they come up with next, their days are obviously numbered

There were no fees and I remember it clearly and was really good because the profit for traders was really higher.
Chinese most of the time has proved that aren't honest on things that they and that's why most of their target is inside their country.

[tee-rex]

There were no fees and I remember it clearly and was really good because the profit for traders was really higher.
Chinese most of the time has proved that aren't honest on things that they and that's why most of their target is inside their country.

I've heard it a few times across the forum that major Chinese exchanges (such as OKCoin, Huobi, BTCC) don't charge trading fees at all. Their trading volume is huge (you can see it yourself here), but they seem to trade only CNY pairs. I don't trade there myself, and it would be interesting to hear if it is really so as well as how much they charge for withdrawing bitcoins. Anyone know any specifics related to trading there, apart from the higher possibility of them running away with our money?

[SmartIphone]

There were no fees and I remember it clearly and was really good because the profit for traders was really higher.
Chinese most of the time has proved that aren't honest on things that they and that's why most of their target is inside their country.

I've heard it a few times across the forum that major Chinese exchanges (such as OKCoin, Huobi, BTCC) don't charge trading fees at all. Their trading volume is huge (you can see it yourself here), but they seem to trade only CNY pairs. I don't trade there myself, and it would be interesting to hear if it is really so as well as how much they charge for withdrawing bitcoins. Anyone know any specifics related to trading there, apart from the higher possibility of them running away with our money?

I'm not a specialist but about the withdrawing fee they take 0.0006 maybe more than other exchanges but this is their fee.
And this fee was for few years, I saw once it was 0.001 but was removed after, chinese exchanges have huge volume because of low/none fee.

[var53]

There were no fees and I remember it clearly and was really good because the profit for traders was really higher.
Chinese most of the time has proved that aren't honest on things that they and that's why most of their target is inside their country.

I've heard it a few times across the forum that major Chinese exchanges (such as OKCoin, Huobi, BTCC) don't charge trading fees at all. Their trading volume is huge (you can see it yourself here), but they seem to trade only CNY pairs. I don't trade there myself, and it would be interesting to hear if it is really so as well as how much they charge for withdrawing bitcoins. Anyone know any specifics related to trading there, apart from the higher possibility of them running away with our money?

I'm not a specialist but about the withdrawing fee they take 0.0006 maybe more than other exchanges but this is their fee.
And this fee was for few years, I saw once it was 0.001 but was removed after, chinese exchanges have huge volume because of low/none fee.

This Bter page says it has a $2000 daily limit on USD withdrawals, and it looks like it has a 0% fee for them, but that can't be right.

https://bter.com/fee

However, the Rate standard link at the bottom of this translated OKcoin page says it has a fiat withdrawal fee of 0.1% (excluding bank transfer charges), a minimum of $15.

https://translate.google.co.uk/translate?hl=en&sl=zh-CN&u=https://www.okcoin.com/&prev=search

It also gives spot taker fees for trading, so it does have some trading fees.

[SmartIphone]

There were no fees and I remember it clearly and was really good because the profit for traders was really higher.
Chinese most of the time has proved that aren't honest on things that they and that's why most of their target is inside their country.

I've heard it a few times across the forum that major Chinese exchanges (such as OKCoin, Huobi, BTCC) don't charge trading fees at all. Their trading volume is huge (you can see it yourself here), but they seem to trade only CNY pairs. I don't trade there myself, and it would be interesting to hear if it is really so as well as how much they charge for withdrawing bitcoins. Anyone know any specifics related to trading there, apart from the higher possibility of them running away with our money?

I'm not a specialist but about the withdrawing fee they take 0.0006 maybe more than other exchanges but this is their fee.
And this fee was for few years, I saw once it was 0.001 but was removed after, chinese exchanges have huge volume because of low/none fee.

This Bter page says it has a $2000 daily limit on USD withdrawals, and it looks like it has a 0% fee for them, but that can't be right.

https://bter.com/fee

However, the Rate standard link at the bottom of this translated OKcoin page says it has a fiat withdrawal fee of 0.1% (excluding bank transfer charges), a minimum of $15.

https://translate.google.co.uk/translate?hl=en&sl=zh-CN&u=https://www.okcoin.com/&prev=search

It also gives spot taker fees for trading, so it does have some trading fees.

Nothing is free especially on chinese exchanges that try on every step to charge you for everything.
I don't trade USD so really I don't care for the fees there, but mostly i traded on doge and ethereum which I was damaged hard.

[deisik]

This is exactly what I've been asking. This means that the exchange is using relative values (percentages) in calculating the bonus. In fact, I think you are confusing something since if you, for example, deposited 1 BTC, got 0.01 BTC as a bonus, earned through trading 8.99 BTC (so your total is 10 BTC), and then decided to withdraw the funds, they would deduct 0.1 BTC (1% of 10 BTC), which is  nonsense...

If what you say is nevertheless true, such marketing tactics would be a masochistic exercise in stupidity

Firstly you are guaranteed that you will lose some money whatever if you got any profit from trading there or not.
So this tactic is smart from them but for users it not good because it's not good, we are not fools.

This tactic is not smart. I'd argue it is pretty much stupid, since traders are not fools and would stay miles away from such an exchange (that would allegedly grab some of their profits). In fact, I've never heard about any exchange using something similar before. Could you please post a link where this bonus accruement on deposit and subtraction on withdrawal is described in greater detail (preferably at Bter itself)?

I wanna see it with my own eyes

I just logged in our bter exchange and seems that they have removed this feature of +- 1% bonus.
They have added something new VIP tier which affects the trading fee, but still no batch of payment

Well, just a few days ago I deposited something around 0.1 BTC at Bter to see everything with my own eyes. I was going to buy some doges and sell them at another exchange, looking for an arbitrage opportunity. And to my great surprise, the withdrawal fee of 1%+5 Doges was patiently awaiting me. They do give a 1% bonus for doge deposits, though, but it is irrelevant as you will see later. Only Bitcoin and Litecoin had their usual withdrawal commissions of 0.0006 BTC and 0.02 LTC, respectively. All other coins now have massive withdrawal fees. But that was only the beginning of my problems

I couldn't buy anything at the bid price there since no one had been buying or selling anything, so I ended up buying around 20k doges at another exchange, transferred them to Bter, got 1% bonus as promised, and placed the sell order at the same price, which was the lowest ask price (i.e. no sell orders at lower price). Only around 0.2 BTC in doges was placed in orders before me at the top of the orderbook, and it took me nearly 2 (!) days to sell half of these doges. The proceeds were enough to cover the withdrawal fees, so I cancelled my orders, and withdrew both remaining doges and 0.1 BTC. In the end it turned out that I even managed to earn some dust after selling doges at the exchange where I first bought them

The lesson to take home is that their deposit bonus could theoretically be used for an arbitrage, but since there is no active trading (orderbooks are basically frozen), it is pretty much useless

[SmartIphone]

This is exactly what I've been asking. This means that the exchange is using relative values (percentages) in calculating the bonus. In fact, I think you are confusing something since if you, for example, deposited 1 BTC, got 0.01 BTC as a bonus, earned through trading 8.99 BTC (so your total is 10 BTC), and then decided to withdraw the funds, they would deduct 0.1 BTC (1% of 10 BTC), which is  nonsense...

If what you say is nevertheless true, such marketing tactics would be a masochistic exercise in stupidity

Firstly you are guaranteed that you will lose some money whatever if you got any profit from trading there or not.
So this tactic is smart from them but for users it not good because it's not good, we are not fools.

This tactic is not smart. I'd argue it is pretty much stupid, since traders are not fools and would stay miles away from such an exchange (that would allegedly grab some of their profits). In fact, I've never heard about any exchange using something similar before. Could you please post a link where this bonus accruement on deposit and subtraction on withdrawal is described in greater detail (preferably at Bter itself)?

I wanna see it with my own eyes

I just logged in our bter exchange and seems that they have removed this feature of +- 1% bonus.
They have added something new VIP tier which affects the trading fee, but still no batch of payment

Well, just a few days ago I deposited something around 0.1 BTC at Bter to see everything with my own eyes. I was going to buy some doges and sell them at another exchange, looking for an arbitrage opportunity. And to my great surprise, the withdrawal fee of 1%+5 Doges was patiently awaiting me. They do give a 1% bonus for doge deposits, though, but it is irrelevant as you will see later. Only Bitcoin and Litecoin had their usual withdrawal commissions of 0.0006 BTC and 0.02 LTC, respectively. All other coins now have massive withdrawal fees. But that was only the beginning of my problems

I couldn't buy anything at the bid price there since no one had been buying or selling anything, so I ended up buying around 20k doges at another exchange, transferred them to Bter, got 1% bonus as promised, and placed the sell order at the same price, which was the lowest ask price (i.e. no sell orders at lower price). Only around 0.2 BTC in doges was placed in orders before me at the top of the orderbook, and it took me nearly 2 (!) days to sell half of these doges. The proceeds were enough to cover the withdrawal fees, so I cancelled my orders, and withdrew both remaining doges and 0.1 BTC. In the end it turned out that I even managed to earn some dust after selling doges at the exchange where I first bought them

The lesson to take home is that their deposit bonus could theoretically be used for an arbitrage, but since there is no active trading (orderbooks are basically frozen), it is pretty much useless

Well the withdrawal fee on DOGE was always cheaper and better than the bitcoin withdrawal.
I checked my account and from this "Fee: 1% + 5 DOGE (No fee for Bter Code). Get 1 % bonus when deposit DOGE" you can conclude that you lost a little bit when withdrawing the doges.
It's quite surpsigin the volume of "MG" coin in the last 24h which is 353.3BTC and still no payment to us .

[deisik]

Well, just a few days ago I deposited something around 0.1 BTC at Bter to see everything with my own eyes. I was going to buy some doges and sell them at another exchange, looking for an arbitrage opportunity. And to my great surprise, the withdrawal fee of 1%+5 Doges was patiently awaiting me. They do give a 1% bonus for doge deposits, though, but it is irrelevant as you will see later. Only Bitcoin and Litecoin had their usual withdrawal commissions of 0.0006 BTC and 0.02 LTC, respectively. All other coins now have massive withdrawal fees. But that was only the beginning of my problems

I couldn't buy anything at the bid price there since no one had been buying or selling anything, so I ended up buying around 20k doges at another exchange, transferred them to Bter, got 1% bonus as promised, and placed the sell order at the same price, which was the lowest ask price (i.e. no sell orders at lower price). Only around 0.2 BTC in doges was placed in orders before me at the top of the orderbook, and it took me nearly 2 (!) days to sell half of these doges. The proceeds were enough to cover the withdrawal fees, so I cancelled my orders, and withdrew both remaining doges and 0.1 BTC. In the end it turned out that I even managed to earn some dust after selling doges at the exchange where I first bought them

The lesson to take home is that their deposit bonus could theoretically be used for an arbitrage, but since there is no active trading (orderbooks are basically frozen), it is pretty much useless

Well the withdrawal fee on DOGE was always cheaper and better than the bitcoin withdrawal.
I checked my account and from this "Fee: 1% + 5 DOGE (No fee for Bter Code). Get 1 % bonus when deposit DOGE" you can conclude that you lost a little bit when withdrawing the doges.
It's quite surpsigin the volume of "MG" coin in the last 24h which is 353.3BTC and still no payment to us .

I didn't buy doges at Bter, so I just gave back what I received as a 1% deposit bonus. Indeed, if I had sold all doges (while I sold only half there), I would have earned a little bit more. But that would still be dust, therefore it doesn't matter much. What does though is that it is next to impossible to trade at Bter in any meaningful way, since the orderbooks basically don't move, i.e. no active trading is going on. Trading statistics at Bter are evidently doctored...

And it kinda seems that the exchange has entered the terminal phase of its life cycle

[Bleemer]

for me the same.
Holy shit.

I logged today, after a long time and need to see all my Bitcoins have disappeared.
someone sell all my NXT / BTC and my parked Bitcoins use
To buy and sell GEMZ / BTC
The date was the 24/09/2016

Today I wrote the support, but my hope is low

[iram1011]

Any news from bter hacking? They give back some coins?
A couple of months (October 18, 2016) are passed and no one update the topic 

[Hueristic]

Is There a scam thread? Maybe you guys that are getting hosed should start one if not.

[SmartIphone]

Any news from bter hacking? They give back some coins?
A couple of months (October 18, 2016) are passed and no one update the topic 

Is There a scam thread? Maybe you guys that are getting hosed should start one if not.

I check my balance there at least once a week to see if they have changed it but still the same balance.
It has been a year or more now and they are not responding nor giving bank the funds they stole from us.

[almightyruler]

I've been paid back 0.0112 BTC of a total 0.1150 BTC loss. As far as I can remember, there's only been one payment, and it would have been more than a year ago.

[Hueristic]

I've been paid back 0.0112 BTC of a total 0.1150 BTC loss. As far as I can remember, there's only been one payment, and it would have been more than a year ago.

Sounds scammy to me.

[deisik]

I've been paid back 0.0112 BTC of a total 0.1150 BTC loss. As far as I can remember, there's only been one payment, and it would have been more than a year ago.

Bter was hacked in February, 2015, so it is almost two years already

Sounds scammy to me

They seem to be hoping that folks will forget eventually about their losses at Bter

Even though such attitude is despicable, we should not forget that they didn't socialize the losses like what Bitfinex did, i.e. they didn't take the funds of those who hadn't been affected by the hack. For example, I didn't have bitcoins at Bter, I bought some doges and had them returned in their entirety in about three weeks after the hack. In this way, they are not as scammy as other exchanges that went the path of socializing losses (Bitfinex, Poloniex). I don't know what Bitstamp did when they got hacked in the past

[RevEx]

Write your opinions and experiences about Bter at https://revex.co/bter

[funnycoin]

I've been paid back 0.0112 BTC of a total 0.1150 BTC loss. As far as I can remember, there's only been one payment, and it would have been more than a year ago.

So they've started paying back, but very very slowly.