Due to unpopular policies, such as high fees which some of the large exchanges charge, more and more traders and investors are signing up with user-friendlier exchanges. The last one among those voicing their concerns about corruption and rip-off in the industry is a vocal and influential figure, John McAfee. A couple of months ago, he said that he’s going to legally challenge HitBTC, and has called for a boycott.
McAfee partnering with CoinBene
During the Blockchain Cruise conference, McAfee Alliance announced a partnership with the CoinBene exchange and even guaranteed a free listing on CoinBene to anyone willing to delist from HitBTC effective immediately.
HitBTC customers complaining on Reddit
Reddit channel r/HitBTC is full of disgruntled customers, complaining about the exchange. Many of them are unsatisfied with delays in withdrawals from HitBTC or outright loss of funds. Others have had troubles with their affiliate program and non-answered support tickets.
Crypto Founders Agree with McAfee
Due to the recent launch of Safex Cash, we’ve been researching different exchanges for listing. Considering numerous issues which people have with HitBTC, brought to our attention by McAfee, we are certainly not going to list our coin there.
There is a growing dissatisfaction with many of the crypto exchanges. The problem might be related to them working with a lack of staff needed for a functional customer service. Another common occurrence is a suspension of trading, deposits, and withdrawals without warning and withholding of funds without explanations.