Is HitBTC considered to be a scam?

HitBTC is not generally considered a scam, but it has faced various complaints and controversies over the years. As a longstanding cryptocurrency exchange that began operations in 2013, HitBTC offers a platform for trading a wide range of digital assets and tokens. Although it operates in an industry that faces regulatory challenges and scrutiny, HitBTC continues to provide services to its user base. However, some users have reported issues with account freezes and withdrawal problems, leading to a mixed reputation among the cryptocurrency community. Critics point out these issues as red flags, while supporters argue that such problems are not uncommon in the fast-growing and often volatile crypto exchange landscape. Despite these concerns, HitBTC remains operational and is used by traders globally.