That is why you SHOULD NOT trade crypto on Bter.com.. Ever!

As a new crypto currency trader, i am always looking for ways to earn as much as possible from buying and selling altcoins on different exchanges. I have been trading on different platforms with no issues till i decided to give Bter.com a try and that is how my nightmare began!.

At first I noticed altcoins prices are a bit high on Bter.com so i thought of buying some DOGE coins from Yobit at a price of 37 SAT and then selling them for 44 SAT on Bter.com exchange so i would make a profit of 7 SAT/DOGE.

I invested around 0.047 BTC to buy around 65K of DOGE coins from Yobit then i transferred them to my Bter.com account. And Yes! I sold them for 44 and 43 SAT. I felt so happy that i could make a good profit in less than 5 minutes BUT when i decided to withdraw my BTC balance i got an error -->"BTC Withdrawal is disabled" with some other Chinese words.

So i was like WTF?!.

I emailed Bter.com support and waited for around 48 hours and reply!. So i decided to check the chat box at Bter.com and there i was advised to trade my BTC for XMR or XEM and then withdraw them and so i did buy them for a higher cost. Yet when i tried to withdraw my balance i got another error and another pop up to contact support.

Then i realized transferring any altcoins Bter exchange would require a manual approval from Bter.com staff which is not a proper way to run an exchange service. I would advice everyone not to repeat my mistake and to stay away from Bter.com as i ended up losing some BTC there.