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Author Topic: Anyone familiar with 796 Exchange? They are offering free stock for signing up.  (Read 2443 times)
BitChick
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July 12, 2013, 12:28:17 PM
 #1

I just saw a post about a new exchange called 796 Exchange based out of Hong Kong.  I have seen posts by a "796" here on the board and they seem legit.  I guess they are offering free stock up to 1 million shares for those that deposit and use their site and it seems that have many features that some of the other exchanges do not have.   They have a referral program too.

https://796.com/invite/do/105748

Anyone know anything about them?

This info was posted on their site as well:
Quote
796 Exchange is established and operated by 796 Xchange Limited which is incorporated under the laws of Hong Kong.

796 Exchange is a comprehensive financial website covering futures, stocks, funds, options as well as finance activities related to Bitcoin. We will constantly provide Bitcoin fans with investment channels relating to Bitcoin and promote the Bitcoin application development.

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July 12, 2013, 12:31:55 PM
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i would just pay very close attention to the motives behind 796. They're here to make money, but is that off long-term fees or to scoop up your money in the long run? They also have decently high fees, and to note, a 1.2% fee to withdraw. I personally don't trust it at all.

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BitChick
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July 12, 2013, 12:33:19 PM
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Can we trust any exchanges?  Wink  I guess time will tell on this one too.

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July 12, 2013, 03:04:47 PM
 #4

Can we trust any exchanges?  Wink  I guess time will tell on this one too.

No.

But 1.2% is outrageous for withdraws.

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July 12, 2013, 03:33:35 PM
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I signed up for the free share in case they succeed.

They can only take bitcoin and use it as collateral to trade, which kind of defeat the purpose of hedging bitcoin.

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July 17, 2013, 12:13:16 PM
 #6

I signed up for the free share in case they succeed.

They can only take bitcoin and use it as collateral to trade, which kind of defeat the purpose of hedging bitcoin.



Also signed up for the free share.

Also note that someone from this exchange has been posting all sorts of nonsense all over the forums lately.


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July 17, 2013, 11:15:22 PM
 #7

796 lousy boss character, can be said to btc industry disgrace, a malicious peer pressure
And the site is not legitimate in China
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July 18, 2013, 02:02:07 AM
 #8

What are the shares you guys are talking about? Signed up and I'm still not seeing anything related to it...
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July 18, 2013, 04:01:15 PM
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796 lousy boss character, can be said to btc industry disgrace, a malicious peer pressure
And the site is not legitimate in China

nice to get a first-hand opinion Smiley

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July 18, 2013, 04:17:50 PM
 #10

796 lousy boss character, can be said to btc industry disgrace, a malicious peer pressure
And the site is not legitimate in China

^ Full of concentrated WIN.

1.2% withdrawal fee for a brand new service? I'd say that incentivizes never depositing in the first place.

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July 18, 2013, 04:22:54 PM
 #11

What are the shares you guys are talking about? Signed up and I'm still not seeing anything related to it...

I guess the "free" stock is only when Bitcoin is deposited and traded or when referral sign up.  And the withdrawal fee is really high.  So probably not worth it.  I was just curious if anyone had experience with them though.

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July 19, 2013, 02:46:48 AM
 #12

 :'(Chinese law does not allow. Members careful

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July 27, 2013, 10:38:21 PM
 #13

What are the shares you guys are talking about? Signed up and I'm still not seeing anything related to it...

I guess the "free" stock is only when Bitcoin is deposited and traded or when referral sign up.  And the withdrawal fee is really high.  So probably not worth it.  I was just curious if anyone had experience with them though.

That was my experience also, they were misleading.  I signed up and then there was some other requirement to fulfill to get the free stock.

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joesmoe2012
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July 28, 2013, 10:50:04 AM
 #14

I couldn't find the free stock either when signing up, finally gave up.

796
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August 01, 2013, 08:28:44 AM
 #15

I couldn't find the free stock either when signing up, finally gave up.

Sorry about this.
The free stocks for signing up promotion has ended.
Thanks for your support.
796
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August 01, 2013, 08:33:22 AM
 #16

What are the shares you guys are talking about? Signed up and I'm still not seeing anything related to it...

I guess the "free" stock is only when Bitcoin is deposited and traded or when referral sign up.  And the withdrawal fee is really high.  So probably not worth it.  I was just curious if anyone had experience with them though.

That was my experience also, they were misleading.  I signed up and then there was some other requirement to fulfill to get the free stock.

Sorry about this.
The free stocks for signing up promotion has ended.
We've done some adjustment to our policy with the increasing price of the stocks.
And here's our latest fee schedule: (VIP tier valid forever)
https://796.com/news/detail/26.html

Thanks!
[Tycho]
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August 01, 2013, 08:35:45 AM
 #17

Sorry about this.
The free stocks for signing up promotion has ended.
You should update your signature then Smiley

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August 01, 2013, 08:38:37 AM
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i never recieved my free .01 btc for signing up a few months ago when you opened.
796
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August 01, 2013, 08:39:17 AM
 #19

I just saw a post about a new exchange called 796 Exchange based out of Hong Kong.  I have seen posts by a "796" here on the board and they seem legit.  I guess they are offering free stock up to 1 million shares for those that deposit and use their site and it seems that have many features that some of the other exchanges do not have.   They have a referral program too.

https://796.com/invite/do/105748

Anyone know anything about them?

This info was posted on their site as well:
Quote
796 Exchange is established and operated by 796 Xchange Limited which is incorporated under the laws of Hong Kong.

796 Exchange is a comprehensive financial website covering futures, stocks, funds, options as well as finance activities related to Bitcoin. We will constantly provide Bitcoin fans with investment channels relating to Bitcoin and promote the Bitcoin application development.

yeah, our exchange was established under the laws of Hong Kong.
We're creating a new invest conception to let more users make money here.
Thanks for all those supporters.
Though its no more than two months, the operation is all good and promising.
 Grin
796
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August 01, 2013, 08:40:51 AM
 #20

Sorry about this.
The free stocks for signing up promotion has ended.
You should update your signature then Smiley

ah, yes, thanks for reminding. Tongue

796 Exchange
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