I Am Disappointed With the HITBTC Exchange.

crypto-power (40) · 7 years ago

Hi hilarsky,
thanks for the information. You should wait until Monday or Tuesday and see if the situation changes... Let us know. Hope you will receive your bitcoin safely. I never use bitcoin between exchanges platforms but only litecoin or ethereum. It takes about 30 minutes for Litecoin, 15 minutes for ethereum.
Have a good week-end

$8.82

ew-and-patterns (70) · 7 years ago (edited)

It is not! the fault of Hitbtc or any other exchange.
BTC network is clogged right now. There are 113000 unconfirmed transactions according to blocktivity right now. Some users are waiting for 3 weeks now to get their transaction confirmed, because they did not pay a high enough fee for the miners. The standard fee brings you directly to the bottom of the waiting list...
Miners always mine the most profitable transactions first. If they don't fix scalability you might wait for months now to ever get it confirmed...
Don't accuse Hitbtc of being responsible for it. Because they are not, the outdated sourcecode of BTC is.

$2.97

hilarski (76) · 7 years ago (edited)

You can't adjust the fees so therefore it is there fault. Thanks for upvoting your own comment to the top.

$0.00

chaoscrypto (25) · 7 years ago

Hilarski, if you'd like a better understanding of why the BTC network is congested I would gladly take time to help :)
No one can control the speed of verification on bitcoin, aside from increasing mining speed(which does occur at the completion of every block). certainly not an exchange.

This slow/gogestion is just proof that bitcoin need to be reserved for moving only large assets, and we need to embrace other crypto for transactions under $20k or so. This would help the congestion immediately.
The influx of hundreds of thousands of people buying fractions of btc and transferring it all day long is what has things slowed down.
I advise my friends that playing with bitcoin is like waiting in line at Walmart during the holidays, with only one register open. I think I have known snails that move faster.
I have seen a btc transaction take 23 days before, especially when transferring from one exchange to another. Not sure why, but it seems to delay to verification on the receiving end. I have seen that happen with multiple cryptos, so I always transfer to my hardwallet before going to another exchange. Best of luck out there!

$0.10

napkin (50) · 7 years ago

If you are looking for a nice upcoming exchange check out upcoin.com they offer free 500 USD in trading fees right now for the next ~65k users hurry up!

Reflink free: https://steemit.com/free/@napkin/500-usd-free-in-trading-fees-for-upcoming-exchange

$0.00

diskorvery (58) · 7 years ago

Wow.... Never knew of this cos I've never attempted bitcoin withdrawal on hitbtc.com. I need to do something drastic too and ASAP.

$2.92

the-ego-is-you (59) · 7 years ago

You can use Bitcoin Cash instead and the fees will be much lower as well.

$0.00

lito (51) · 7 years ago

BTC Withdrawals Still Unconfirmed After 4 Days.

Instead of using Bitcoin I will use Litecoin.

Good strategy. BTC fee is extremely high. Useful update.

~Followed & Upvoted

$2.83

4 votes

yaan (59) · 7 years ago

It should be fine after few days but better to do it in a safe way.

$2.79

journeyoflife (67) · 7 years ago

I can relate in a way, same thing is happening with me on coinbase and it has been over a month now and still nothing . Honestly I don’t know which to use now

$2.55

zemiatin (57) · 7 years ago

Binance is the best exchange for trading cryptos in my opininion. You can sign up by clicking the link bellow:

Sign up to Binance

$0.00

madushanka (74) · 7 years ago

That's wonderful information you gives us @hilarski. I know HITBTC exchange very better site for exchange BTC. But this week what happened it. Most unconfirmed transactions yet. May be immediately solve this problem them. The exchange offers USD, EUR, GBP to BTC as well as a collection of the most common crypto to crypto trading pairs. The volume has been steadily rising providing decent liquidity and a narrowing bid ask spread.
Finally you've get terrific decision. Instead of using BTC, You'll use Litecoin. Great one.

$2.48

mrsfox (53) · 7 years ago

i hate hitbtc very slow and bad :(

$2.48

the-ego-is-you (59) · 7 years ago (edited)

I've not found it to be bad previously, but lately a lot of exchanges have been bogged down. HitBTC was not spared.

What's good about them is that they are still one of the few major centralized exchanges where you can withdraw quite a bit without providing additional information about yourself. What's less good is that they are centralized.

$0.00

dim753 (64) · 7 years ago (edited)

Yes now some exchanges are becoming in a problem, the best idea is use some of them buy coins and withdraw to avoid problems,plus wait 4 days is totally unacceptable. Regards

$2.48

goldcoin (66) · 7 years ago

this is great post sir.very useful information.

Thanks @hilarski
Have a great day

$2.47

votman (51) · 7 years ago

Thanks for sharing this. No hope to use it again . Yobit better ;)

$2.46

chaoscrypto (25) · 7 years ago

Please be careful with YoBit! It is full of unregistered tokens that hold zero value that get pumped and dumped daily. Rumors are that YoBit is simply a siphon for crypto to the owners. I had 1.5 btc dissappear from my wallet when I benefitted from one of their pumps. Security on YoBit is zero.

$0.00

mywhale (53) · 7 years ago

Hello @hilarski,

137 BTC there. It will take longer time. Extraordinary good update & Converting to LTC is a good solution by the way.

~@mywhale

$2.45

yassine04 (54) · 7 years ago

never used hitbtc,, only binance and bitrex,, good luck my friend

$2.29

bitcoinflood (77) · 7 years ago

Ive had times where I just cancel it out. Stick with large transactions for BTC and the fee will hardly be anything. These little micro transactions though need to go to other block chains for now

$1.52

stmit (55) · 7 years ago

Thanks for the information of hitbtc exchanges news

100% like and resteem

$1.47

atmosblack (63) · 7 years ago

I had a similar experience with HitBTC 2 weeks ago. It was not possible to withdraw STEEM - it was not much, only what I had bought with the change I had left from another coin buy, but nevertheless annoying. I still don´t understand, why they don´t have a status page where they communicate scheduled maintenances - this way they would get 80% support tickets - just makes no sense. Otherwise I was always happy with the speed of HitBTC though - just enormous withdrawal fees (like 17 SUB!!) sometimes.... I really hope they will get their shit together in the future!

$1.32

6 votes

theabsolute (63) · 7 years ago

These BTC fees and transaction times are ridiculous. Nobody wants to be waiting around for days wondering where their money is. I've been wanting to get back into BTC, but there are so many alternatives that offer faster transaction times and still have potential for high returns.

$1.22

sauna (46) · 7 years ago

Exchange issues seem to be the one constant in the crypto space. I screwed up bad myself, sent Changelly 700 pivx on Dec 17th and haven't seen a thing yet. Most likely never will. For a while now I have been using Bts Dex for everything but pivx isn't listed there or really anywhere else. Frustrating.

$0.90

hms818 (61) · 7 years ago

Using Litecoin and withdrawing fund would be the wise decision to withdraw from HITBTC ...do update us with the proceedings, good luck!

$0.59

steemwija (58) · 7 years ago

@hilarski - Sir hope you are not keeping all your BTC in this exchange... Exchanges are making dramas, therefore be cautious Sir... At the end you said I will take my funds off of HITBTC until this is resolved. Instead of using Bitcoin I will use Litecoin
Sir is that method is profitable? Thank you or the update Sir...

+W+

$0.38

resteemia (56) · 7 years ago

Ticket Response From the HITBTC Support Team.

i don't thin they said the truth... beware & get your funds out @hilarski

@resteemia
reteemed & upvoted & commented & followed

$0.30

jjcali (57) · 7 years ago

This is probably due to network congestion. Moving coins around at the moment is tricky and expensive. A lot of the other exchanges are having the same issue. Coinbase markets that it can take up to 36 hours for a BTC transaction and 5 hour for a ETH transaction.

$0.27

inspirationalrag (52) · 7 years ago

I've always held myself back from using random exchanges that I don't yet use. In my opinion, the best exchange out there is Binance. Binance is really quick, seems really safe and it participates in a lot of airdrops and allows POS rewards (like Neo Gas). Binance also has the lowest fees (that i've seen) while playing around and day trading cryptos.

Binance is the best! ....In my opinion.

$0.23

kingsberry (58) · 7 years ago

This week most of exchange sites faced this problem and error while occurred. Than you for update us about HITBTC.

tenor (23).gif

$0.22

milano1113 (58) · 7 years ago

Isn’t this an issue of this particular exchange instead of bitcoin itself?

$0.20

theguruasia (67) · 7 years ago

@hilarski,
WTH, I just came back, Oh bro I have BTC in HitBTC :/ Hope to hear from you what you will do next! Very useful update you shared, I was not aware about this! Thank you for letting this know!

Cheers~

$0.19

philnewton (57) · 7 years ago

I withdrew some ETH last night to use for the Copytrack ICO, and it's yet to be confirmed. The notice about issues being resolved within 24 hours appears to have been there for days. It's very frustrating because time is definitely money in this game.

$0.19

hilarski (76) · 7 years ago

Please tell me you did not withdraw directly to the Copytrack ICO? It needs to be from My Ether Wallet or something that you hold the keys for.

$0.00

philnewton (57) · 7 years ago

Nope, I withdrew to MEW, don't worry haha.

$0.00

the-ego-is-you (59) · 7 years ago

Both BTC and ETH networks are pushing their limits right now. Better use BCH or LTC.

$0.00

philnewton (57) · 7 years ago

Yeah, that would definitely be the better option. Sadly, I needed ETH specifically in this case. I wouldn't mind so much if we got some proper updates from HitBTC, but the support is dreadful.

$0.32

dylen (46) · 7 years ago (edited)

yup its true the price may be going up or down and it can be worst when its drop low..

$0.00

maya7 (63) · 7 years ago

This type of information is very essential for us friend. We all follow you and your advice, so if there is something wrong please update it immediately so that everyone should be careful. Thanks for sharing such a valuable information about the transaction delay, it may be due to technical difficulties. Any way thanks friend for your great post, steem on.

$0.18

shencoin (55) · 7 years ago (edited)

ohhh its bad and i think not good this time and its showing some issues like polo and now i think it will be not more likable exchange @hilarski ...and also thanx to inform us about this soon

$0.18

mejustandrew (58) · 7 years ago

Pff, this is not good news, at least with Litecoin things will co faster. I have checked blocktivity today and saw that Bitcoin has over 100k unconfirmed transactions, which is hudge!

$0.18

danny.green (64) · 7 years ago (edited)

as well as the option you can use many exchanges, it's reliable and keeps your nerves

$0.14

sohelkhan007 (43) · 7 years ago (edited)

hitbtc is a great platfrom but some time it will be do some problem thanks for shere this platfrom trabale....i love to read your post wish you best of luck ...keep posting becuse we waiting for you post......

$0.12

4 votes

stokjockey (70) · 7 years ago

@hilarski I am right with you my Brother and I feel your frustration. Just being mellow here on a Sunday morning looking at my FLASH Coin and enjoying the kindness of another in sharing with his Family. Thank you again.

$0.11

depu (55) · 7 years ago

why happen this sir?

$0.10

raphal (39) · 7 years ago

yeah the fees are crazy and you might wait a few days to get your bitcoin I don't like hitbtc that much I have dentacoin there and they are asking 120000 dentacoin as fee to send hahahaha they are crazy

$0.10

ugetfunded (62) · 7 years ago

A TRANSACTION AT HITBTC IN PROGRESS

USAIN BOLT RIDING A TORTOISE DOES NOT MAKE IT SPEEDY.

Hi @hilarski, I can understand your frustration. Exchanges are almost the same.

$0.08

the-ego-is-you (59) · 7 years ago

Have you tried other exchanges? Could be that the send fee is not high enough on HitBTC.

Bitcoin Legacy is not working either way. Segwit or not, transactions are nothing like they were intended to be these days.

Bitcoin Cash may have a bad rep and quirky name to differentiate itself as long as Bitcoin Legacy is known as "Bitcoin" world wide, but at least it works.

$0.06

reig3790 (53) · 7 years ago

What I've done in order to avoid these issues is to makes transfers in other crypto, as Dash or LTC, for example; because, in most of exchanges chat groups I belong to, people are complaining about long time for exchanges to confirm bitcoin transactions.

$0.06

rajag234 (54) · 7 years ago

Try withdrawl in any other crypto....for fast transaction @hilarski...BTC sucks

$0.05

kivsha (53) · 7 years ago

Thanks for the crucial info! I have an account at hitbtc and thought to transfer funds to there in order to enjoy the low fees!
Guess I will just keep with bittrex - annoying fees but their transactions tick like a watch!

$0.03

minoservice (52) · 7 years ago

This is very valuable information. thanks for sharing
@hilarski

Resteem

$0.00

shavishtha (52) · 7 years ago

Thanks for the update and very useful information.
Good info is:-
{Ticket Response From the HITBTC Support Team.}

Upvote Resteem

$0.00

tonnykhan (50) · 7 years ago

Wow, really better to do it in a safe way.very useful information.Keep it up.Interested of using BTC, You'll use Litecoin. very greatfull.
Followed & Upvoted

$0.00

dragonking (57) · 7 years ago

Appreciated work you did @hilarski. I agreed your changeable decision BTC to LTC. Then get some extra profit. BTC TX fee very high. Useful update.
Thank you for the service.

giphy (59).gif

$0.00

innovativezone (43) · 7 years ago

I thought will open the the account in HitBtc todays. After Knowing your information it will not safe for me. Thanks Your Information @hilarski

$0.00

zacharylutes (51) · 7 years ago

Excellent article @hilarski, I wrote a similar article yesterday about this problem. Its truly a shame because it's literally handcuffing people to HitBTC. I mentioned on Facebook I heard rumors about them charging full gas prices only to send the transfers with SUPER low gas prices. I'm staying FAR FAR away from HitBTC as of now and I'll continue my business at the other exchanges.

$0.00

shahin24 (60) · 7 years ago

Hlw my dear sir @hilarski i dont use this hitbtc.have a nice day.

$0.00

max1994 (1) · 7 years ago

Never knew about this cos I've never endeavored bitcoin withdrawal on hitbtc.com. I have to accomplish something intense as well and ASAP

$0.00

lovemedik (34) · 7 years ago

You have a complete leader sipirit hilarski👍

$0.00

steem2000 (46) · 7 years ago (edited)

@hilarski
good information sir

$0.00

sumonsha (59) · 7 years ago (edited)

Great information bro.I think litecoin is the best medium for the exchange

$0.00

dalexx (56) · 7 years ago

Thx for your Post! I have the same Problem with Bitfinex. This is awful... I think about to move my hole Investment to DEX for shure Bitshares. UPVOTE + FOLLOW

$0.00

steemibu351 (57) · 7 years ago

Bitcoin is one of the biggest opportunities since the invention of the internet itseif....great times to be around..............................

1pcs-Commemorative-Coins-Gold-Plated-Bitcoin-Coin-Collectible-BTC-Coin-Art-Collection-Gift-Physical-Coins-BTC120.jpg

$0.00

tuhin201 (45) · 7 years ago

Yea your information is so nice @hilarski I think that it is technical problem

$0.00

rik432 (0) · 7 years ago

$0.00

Reveal Comment

john50 (43) · 7 years ago (edited)

don't worry i think they have any problem with exchange if the problem gone you will get your btc

$0.00

tonnykhan (50) · 7 years ago (edited)

It will take longer time. Excellent update & usefull post.

Thanks @hilarski
Have a great day
Resteem & upvoted

$0.00

robrowe (56) · 7 years ago

mostly excnages behavior is not too good in these days maybe many load of transactions or some thing other and now about hitbtc i think the wallets are best from exchages

$0.00

btcgame (31) · 7 years ago

So much informative post sir.
resteem your post.

$0.00

masril (71) · 7 years ago

thanks @hilarski for sharing useful information for stemian users.

$0.00

mokulkhan (0) · 7 years ago

$0.00

Reveal Comment

irfanullah (60) · 7 years ago

I was planning to open new account on this exchange but now I don't want to open. I think due to overload terafic on website. Now please suggest me which Exchange will be a good option to me @hilraski. Thanks for informed & educate us!

$0.00

dylen (46) · 7 years ago

i hope they can enable the exchange among other coins beside the btc only...or maybe i don't really know about it..

$0.00

aowal202 (45) · 7 years ago

I agree with you, and don't worry. So we all time support to your disition.so thanks for good information@hilarski

$0.00

danny.green (64) · 7 years ago

I, too, is extremely disconnected by the speed of bitcoin exchange, and the etherium has joined it, which also has a high transaction speed and a high cost.
Lightcoyne is an excellent alternative that will be used by many in the near future.
Thank you

$0.00

max1994 (1) · 7 years ago (edited)

Indeed now a few trades are getting to be in an issue, the best thought is distribute your cash to maintain a strategic distance from problems,because 4 days absolutely unsuitable. Respects

$0.00

steemclaira (50) · 7 years ago

bit coin gonna rock the crypto world :)

$0.00

dobartim (83) · 7 years ago

Thank you for information

$0.00

kawsar (71) · 7 years ago

very sad..i hope you will don't use this again....

$0.00

salahchiva (59) · 7 years ago

The reason is that the miners are demanding large taxes to be diverted
This is why the check is not confirmed

$0.00

ritue (48) · 7 years ago

thank you sir, wonderful post, like tish post,
thanks for sharing following up voted

$0.00

kellyrose (55) · 7 years ago

thats not right for this too late pending will be hitbtc going to make scam? hilarski sir

$0.00

black35 (49) · 7 years ago

bitcoine to the Moon and Beyond.great news.
the crypto.news is the best treading center.it is very good for us.
Yes am very happy because this is the first Good news I got this year..
I just hope this year is filled with so many good news.

$0.00

chaoscrypto (25) · 7 years ago

I hope you have seen this resolved. But I must warn anyone trying to trade crypto that BTC is not the coin to use for transferring. The limited blockspace make BTC a very slow way to move assets. Your plan to use LTC is better anyway, you will pay an extra fee exchanging the LTC, but the transfer cost for the LTC is about 1/100 of the fee for transferring BTC and it will generally confirm within minutes.

$0.00

helios (53) · 7 years ago

Thanks for the feedback @hilarski , I personally don't use it but it's always good to know

$0.00

dreamrafa (66) · 7 years ago

i lost 2 SBD there. i tried to withdraw like 1 month ago and still unconfirmed...

$0.00

dlina-v-metrah (57) · 7 years ago

It is clear, to withdraw from the stock exchange HITBTC bitcoin is not worth: (I'll have to translate into something.

$0.00

sadpotato (58) · 7 years ago

Yes you better take the funds off because who knows what is going to happen!

$0.00

ruleno101 (25) · 7 years ago

I have fall same situation too, any one can advise what should I do now?

$0.00

leap8 (54) · 7 years ago

I haven't used hitbtc but i had no problem moving a small amount of sbd from bittrex to steemit

$0.00

ahmermalik (47) · 7 years ago

good one 've only recently joined Steemit, but am very excited about the future of the site.

$0.00

cryptomeeks (53) · 7 years ago

I'm sorry to hear this. HitBTC is one of my favorites for sure. It has most of my favorite coins as well as Steem. Plus the fees are so low, only 0.1%. I hope your funds are recovered.

$0.00

durgaani (55) · 7 years ago

I dont like this hitbtc bro...its very slow growth...may be it should be grow in few days bro...@hilarski

$0.00

mintu13 (52) · 7 years ago

Thank you very much
I am glad I found you article
I am interested in the bitcoin
I will definitely buy a few and make an exodus wallet too
It seems to be a very good useful coin
Thanks again

$0.00

snrm (57) · 7 years ago

I haven't used HITBTC ever but I guess based on what you're saying I should keep it that way forever? Having it be unconfirmed after 4 days is kind of nerve-wracking.

$0.00

kaysar07 (54) · 7 years ago

There are currently a lot of problems in the exchange, if you have a new idea about exchange, let us know

$0.00

blazing (70) · 7 years ago

They don't even confirm my single deposit and keep on disabling wallets worst exchange ever

$0.00

artz (55) · 7 years ago

And also they've deactivated SBD/STEEM deposits/withdrawals some days ago...

$0.00

vangelov (60) · 7 years ago (edited)

I'm using hit BTC too. There's actually some dude that is facing jail time due to inability to pay his taxes. All thanks to HITBTC holding all his funds.

The exchange is lovely but sadly its a pain in the ass. LTC transactions get stuck too. Hope you manage this. I'm still afraid of trying any withdrawals . A friend o mine had LTC issues but the support fixed the transaction for him.

Its not a scam exchange, it just lacks in performance. Just bomb the support with tickets. They got so many to fix that it takes them time. Eventually you will get your transaction finished or refunded.

$0.00

cemke (61) · 7 years ago

I'm sorry for you. I don't have any exchange account so I don't have any problem :)

$0.00

sheikh27 (61) · 7 years ago

ya, i am troubling to withdraw eth and change to ltc though price is down and extra fees!

$0.00

suhadi (59) · 7 years ago

may need a friend, patience until his time arrived

$0.00

matthewdavid (54) · 7 years ago

Hey Randy,

I hope this is resolved for you soon. It's no fun waiting for a transfer like this when crypto was supposed to have quick and inexpensive transfers.

$0.00

miguelportela (55) · 7 years ago (edited)

I bought there some funfair tokens while ago and taken like 5 days to confirm to my wallets.
I am Liking Kucoin now more pitty doesnt have steem and SBD!

$0.00

stephen-somers (63) · 7 years ago

I withdrew StEEM from HItBTC and had it in seconds

$0.00

tradzblock (35) · 7 years ago

@hilarski
@tradz here, now @cALI bLK
HitBTC happens to be my fav Exchange as of late. Only issue is tht they hav bn dWn quite often due to DDoS-attacks and due to this new wave of crypto-users swarming in!
And yes your BTC transaction is taking quite some time for this very reason!
And just like @crypto-power, I never use BTC when transferring but instead use ETH/LTC/DOGE Hwever, I do understand the need to use BTC@times so, this can be burdensome😦
Hint: Some exchanges process faster than others - unfortunately HitBTC isn’t one of them.

0ther than this, #HitBTC is #1🥇

@Followed

$0.00

zemiatin (57) · 7 years ago

Binance is the best exchange for trading cryptos in my opininion. You can sign up by clicking the link bellow:

Sign up to Binance

$0.00