In this article we will try to explain why bittrex is a scam platform for crypto trading
The first proof that bittrex is a scam :
There is a topic on bitcointalk where users of this platform are claiming that this platform has scam them in there money
The url of the topic : https://bitcointalk.org/index.php?topic=1954598.0
»1. if you deposit a large amount, they will disable your account and never reply.
2. if you contact their support they will not rely.
3. if you try to log in they will change your desk login details and then you are not allowed to reset your password.
4. You can not take your money back either!
5. Their verifications don’t work on top of it, you are stuck in limbo.
They stole all of my money, took me for everything and I have never used them even once. They are truly the lowest form of scum on this planet. This is a warning to all to PULL OUT your money now as they are going to take you all for everything you have.
1. bullshit auto response that makes absolutely no sense https://postimg.org/image/hpsrl3sg1/
2. https://postimg.org/image/se13xorsx/ – look my account is disabled on my first ever try, well I better go verify my phone number and promptly resolve this issue
3. https://postimg.org/image/g0o9qs24h/- This is 100% without question the code. I am not going to take a picture of me looking at the phone writing this down. Guess I can’t verify, oh well how about fuck them and I’ll simply take my money back
4. https://gyazo.com/1bc9e156c0a30211ec5f88b596f3501d Well fuck me again, how about I read about the disabled accounts on their page to find out why a month busting my ass in two jobs is being held up
5. https://bittrex.zendesk.com/hc/en-us/articles/115000240791 Nothing, what about that? Shall I keep going?
I am so so angry at this that my head hurts, i’ll take a rest but I will dig more evidence later. Let this be a lesson to you all, if they are selectively scamming the little guy, imagine how badly they are going to fuck up a few of the big ones »
Second the article that has been published today on cointelegraph that says the same thing thing as the theard in bitcoin tallk :
From cointelegraphe :
»Cointelegraph recently began receiving complaints about the Bittrex exchange disabling users’ accounts for no apparent reason. One consistent theme in every complaint we’ve received is that users have attempted to open tickets and have even sought help on the exchange’s Slack, only to be ignored and banned, respectively.
One user complained that he has six Bitcoin in his Bittrex account–over $30,000 at today’s values–and no longer has access to his funds and receives no answers to his support tickets.
Another user comments:
“My Bittrex account is disabled for more than 3 days without any warning or announcement. Their support do not answer anything.”
“Although we submitted tickets about this issue to their support team, they with all obscenity and indecency, instead of responding to their users’ tickets, they just ignore us.”
Still another user suggested the bans may be tied to users’ nationalities. He wrote:
“In Iran, more than 3,000 accounts have been deactivated without reason.”
Another Bittrex customer emailed us, saying:
“I talked to many users in Telegram groups and the most affected countries are Syria, India, Iran, Russia, Pakistan and Turkey.”
Many of those who emailed us pointed out that they are using verified accounts, suggesting that it isn’t a KYC/AML problem.
At least two threads have been started on the Bitcointalk forum, here and here.
The affected customers are all getting the same message when they attempt to log in to their account:
The silence is deafening
Bittrex did not respond to our request for comment. Bittrex.com/news is blank. An attempt to sign up for their Slack channel failed, with the message “invite_limit_reached.” Bittrex’s Facebook page simply directs any users with problems to go to their support website and file a ticket.
There is no announcement on Twitter, and only one official reply to the numerous tweets that have been directed at them:
Reports of strange happenings
It’s extremely unusual for an exchange to suddenly disable thousands of accounts without any announcement or any replies to support tickets. It’s even more bizarre that Bittrex is apparently banning people for asking for help in their support Slack. But these aren’t the only weird goings-on at Bittrex lately.
Blogger “The CryptoSyndicate” posted last week suggesting that an internal mistake at Bittrex caused an exchange-wide selloff of altcoins, triggering declines on all other major exchanges. The CryptoSyndicate writes:
“Basically, every single cryptocurrency (alts) listed on Bittrex has fallen in a very similar pattern in relation to one another. Not every coin, but coins that are listed on Bittrex. Between the hours of 12:00 and 09:00 at UTC-4 on 8th October 2017, a large number of alts experienced a mass dump executed within minutes of each other. Coincidence?”
He speculates that this could be the result of an error related to exchange fees; namely, that Bittrex may have accidentally dumped the fees it had collected on every trading pair all at once, converting them to Bitcoin and causing the price of each altcoin to fall. He continues:
“No other exchange has experienced these patterns in their assets. Cryptocurrencies that were NOT listed on Bittrex were not affected in the same way. Every other exchange we looked at, Binance, Kraken, Bitstamp, Coinbase, GDAX, Coss, Cryptopia, Yobit – all experienced patterns that were indicative of market reaction stemming from a single source of flash sell-down: Bittrex.”
Exasperation and fear
Following the monumental collapse of Mt. Gox a few years ago, it’s no wonder people are easily alarmed when dealing with exchanges. Since you don’t actually control the private key to your funds–the exchange does–you don’t actually have custody of them. If anything goes wrong, be it a hack, theft, or simply a database error, you stand to lose everything. Mt. Gox customers learned this the hard way.
When Mt. Gox collapsed in early 2014, users lost access to 850,000 Bitcoins that were held by the site, although 200,000 Bitcoins were later “found,” bringing the total loss to 650,000 Bitcoins. At today’s prices, that’s a staggering $3.5 bln.
Likewise, the Bitfinex exchange has been eyed recently due to its loss of banking, a certain trader (or traders) apparently manipulating the markets and the unusual situation surrounding their sister company’s Tether token. This is hardly a surprise, considering the exchange was hacked just last year. As the saying goes, “once bitten, twice shy.”
Given these and other unfortunate events, it’s not surprising that users would become very worried when thousands of accounts are apparently frozen without notice and when Bittrex’s support team will not answer support tickets.
The banning of users from Bittrex’s support Slack is perhaps the most alarming aspect of these reports. Even if a company is overwhelmed with support requests, banning customers from Slack seems highly unusual.
We are still awaiting from Bittrex on our request for comment. If we receive a response, we will post an update.
Third : a lot useers of reddit have reported that they have been stolen in a large amount of btc and usd
here is one of the posts that we have found in reddit :
the link of the publication : https://www.reddit.com/r/Bitcoin/comments/76qfhq/bittrex_has_take_2100_usd_from_me/
»i have log in in my biitrex account and i have found that somen has log in and withdraw 2100 usd without i recieve a EMAIL , how they explain this , this is is not normal, they have steel me 2100 usd in , i have log in into my account and i have found 2100 usd disspear from my account , i have not revieve and email that i have log in and i have not recieve any email to confirm my withdraw , i don’t understand hoàw you allow such things , now somenbe has log in into my account and have withdraw 2100 usd from my account , how this can happen , it is not professioanl from you , in the past when i log in to my account i recieve a message and also when i make a withdraw i recieve an email to confirm it , but this time i have found that somene has log in without recieveing an email and also somene has withdraw money without i know this , i hope that you explain me how this can happen and how they you have scam me in 2100 usd , if you don’t solve my problem io will tell people about this problem »
Four : a lot of users from the trading social netowork crypto compare have also reported a serval problems about this platform :
one of this negative review just as an exmple :
» Yup. They call bitcoin cash BCC (not BCH) then when somebody inevitably sends « BCC » to a BTC address on their site, they keep the coins for themselves, even though the coins are just sitting there in a « BCC » compatible address their rightful owner could retrieve but for the fact Bittrex has control of the corresponding private address. Thieves and pirates » .
The link of this theard : https://www.cryptocompare.com/exchanges/bittrex/ireview/r_7931
so i don’t advice to trade on bittrex , don’t keep your coins there, move to trade on others platforms like poloniex .