Bit Trade Global Review – Multiple Brands and Same Goals

One of the first things you realize about this company is that they are hiding legal information. Starting with the headquarters address, founders, and legal entity name. On top of that, they are misleading traders to believe they are a legitimate and award-winning company.

Luckily, you have our detailed Bit Trade Global review and all of that fake information exposed. Keep reading if you want to protect your funds from swindlers like this one.

Legal info: Is Bit Trade Global legit or a scam?

The easiest way to confirm this company is an absolute scam is to check their regulation. Primarily in top-tier regulatory databases because none of the others would matter. In that case, we are checking FCA, CFTC, ASIC, and BaFin. However, without any surprises, we didn’t find any records.

But why do we say without surprises? Because there’s another brand run by the same group of people. To make it even worse, with exactly the same website. That is bitex-trade.com. it’s funny that both of these companies were allegedly awarded “Best Crypto Exchange in Asia” at the Dubai Crypto Expo 2021.

Who are Bit Trade Global Victims?

As can be seen, the Bit Trade Global reviews are missing. Yet, some tools can easily analyze the company’s website traffic. That can lead you to countries mostly targeted through their marketing campaigns. In the case of this company, those are: 

• Italy
• United States
• Turkiye

The lack of reviews is not surprising, knowing their domain was registered in November 2023. With this in mind, we encourage you to leave your opinion about this company in the comments. Also, you can contact us directly if you need expert refund advice.

Leverage, Commissions, Spreads, Fees and Taxes

The disturbing fact is that this company offers a leverage of 1:125 for crypto trading, as this asset’s volatility is insanely high. Also, the only thing the Bit Trade Global exchange reveals about its trading costs is a trading fee of 0.2%. 

Yet, if you take a look at any tier-1 regulated exchange, you will see what fees can be expected. Moreover, to see how to avoid such things, make sure to check our Cryptocycle review.

Bonuses

Generally, crypto exchanges rarely offer bonuses. But if they do, make sure you are accepting the ones from licensed companies. In the case of Bit Trade Global scam company, you can only expect manipulation around bonuses. Luckily, they don’t offer any. At least not transparently.

Bit Trade Global Trading Features

The company presents itself as an award-winning exchange. Yet, they don’t even have dedicated mobile and desktop apps or wallets. With this in mind,  we wonder how they could get any awards. 

But the answer is that all of those are completely fake. Same as the whole service with this company.

Trading Platforms Available

Another key problem with the bit-trade.global is their web-based platform. Whether you are interested in spot trading or staking services, you can do that through a highly unsecured web platform. With only limited functionalities and optimization features, this platform could be easily given the worst rating.

Available Trading Assets

Tradeable assets with scam companies are often just a fictive presentation of real ones. Simply, the company is not authorized to provide such services. Therefore, access to such assets is not granted. Anyway, the hypothetical offer of this exchange consists of: 

• BTC
• ANKR
• TRX
• AAVE
• MATIC and many more

Account Types

A very disappointing fact is that the company doesn’t have any promotions. Neither do they have any benefits with higher trading volume. 

Most firms and exchanges are motivating traders to be involved in crypto. But that’s not the case with this firm. Everyone gets the same shady conditions and zero benefits unless you activate the company’s VIP/Premium account. Also, all traders with more than 0.1BTC have to activate this account. Sadly, the deposit requirement is not revealed.

Mobile Trading App

Apparently, the mobile app is in the process of development. For now, all iOS and Android users have to use a less favorable option – a browser. But to see why a trusted wallet app is important in the crypto world, check our IKICI review.

Demo Account

In general, access to the spot trading platform is granted for free. However, traders don’t have any virtual funds available to test the costs or features. But even at first glance, you can realize no features are available. Only a few time-frame optimization options.

Education

With the quick development of blockchains and numerous altcoins available, it is necessary to educate clients about those investments. Otherwise, they would be throwing money away without any sense. 

Yet, the Bit Trade Global company knows that works for them. That’s why they don’t offer any.

Bit Trade Global Withdrawal

Apparently, the withdrawal fees for specific cryptos are transparent. Yet, the company claims those could be changed in time due to the blockchain situation. Unfortunately, withdrawal processing time or methods remain unknown. But with the company’s fake VIP account and unknown conditions, you can definitely expect withdrawal issues.

Customer Support

Another key fact is that the company offers zero contact options. Therefore, if you need them for assistance, you won’t be able to get a solution. Again, unless you are a VIP member. Obviously, these swindlers only care about you if you put money in their pockets.

Key Information To Consider About Bit Trade Global

Firstly, the company is not regulated by any authority. Not to mention the most trusted ones. Secondly, they are operating completely anonymously with shady conditions and trading platforms. Lastly and most importantly, they run multiple brands with the same goal. To extort your money.

Therefore, if you were somehow involved in this crypto scam, feel free to contact us for refund assistance. Our team is equipped with advanced tools to help you even track crypto transfers. No worries, the first meeting doesn’t cost you anything. Get in touch now!

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