How Safe is Bittrex???

in #bittrex7 years ago

Bittrex is a cryptocurrency exchange --> we all know that...

Bittrex provides individuals and businesses a world class experience to buy and sell cutting-edge cryptocurrencies and digital tokens. Based and fully regulated in the USA, Bittrex is the go-to spot for traders who demand lightning fast trade execution, stable wallets, and industry-best security practices. ----> well, that's what THEY re saying...

At Bittrex.com, they take pride in supporting both new and established cryptocurrencies, providing you with an ever-growing selection of trading and investing opportunities. They conduct compliance audits on all new coin launches, ensuring that our users have the information they need to make informed trades. ---> yeah....

BUT:

Bittrex inactivates accounts without warning, and the exchange's technical support ignores tickets requesting an explanation.

This is what the customers of the exchange are discussing on the Bitcointalk forum. One user complains that he had 6 BTC ($30,000) left, but now he has not been able to withdraw them for several days. Another user writes that more than 3000 accounts of clients from Iran were frozen without explanation.

According to reports, the majority of frozen accounts belongs to residents of Syria, India, Iran, Russia, Pakistan, and Turkey.

according to some Insiders:

"Perhaps the problem is purely technical. But in this case, it looks quite alarming that the exchange announced neither mandatory verification nor the technical problems with verification."

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