As can be seen, the company claims to be a secure and reliable crypto exchange. But at first glance, you can realize that’s far from reality. Firstly, this company is hiding ownership and legal information. Secondly, their T&Cs are only available to registered members. Lastly, but most importantly, they have zero transparency.
Still, traders are expected to throw money away blindly. Those who are reading our honest Bitlirex review will stay safe. Others can look for refund options on time.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | Bitlirex.com |
| Have Warnings From: | N/A |
| Registered In: | US (allegedly) |
| Operating Since: | 2023 |
| Trading Platforms: | Web-based |
| Maximum Leverage: | N/A |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptos |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | If you are trading with an unregulated crypto exchange you can expect a lot of withdrawal issues. |
Legal Info: Is Bitlirex Legit Or A Scam?
According to research, it appears this company is registered in the United States. This information can only spice things up primarily because regulations in the US are one of the strictest in the world. If you didn’t know, all crypto exchanges should obtain local authorities’ licenses. In any other case, they can do anything they want.
We just had to look at the regulatory databases to get the first sign of a Bitlirex scam. We’ve checked the US SEC and CFTC along with FCA, ASIC, and BaFin. As expected, none of these hold records of Bitlirex crypto exchange. In general, to find a reliable crypto firm, just look at the CoinMarketCap listing.
Who Are Bitlirex’s Victims?
Whatever this company claims from now on is questionable. But some facts can’t be hidden, such as their domain age. As can be seen, they have been active only since June 2023. With more than 10 years of crypto existence, they still haven’t learned what things traders trust. Anyway, if you are coming from any of the following countries, be aware of this company:
- France
- United States
- Ukraine
If you think that the Bitlirex exchange has scammed you, don’t hesitate to reach out to our refund experts. After all, you have two options. To get the money back or forget about it. But also, don’t skip sharing your opinion in the comments below.
Investment Costs With Bitlirex
The only costs revealed by this company are trading and deposit fees. All traders with a 30-day trading volume below $5.000 can expect 0.3% maker and taker fees. In general, it’s way above the industry average.
The higher the volume is, the better the fees traders get. Overall, it’s a reasonable thing to motivate investors to put more money into trading. However, if the company is not regulated, that might be an issue.
Bonuses
Since the company’s T&Cs are hidden from the public, we can’t see if there are any bonus deals. In any case, you should read the policies first and in detail. Otherwise, you might get scammed without even knowing. To get some extra advice about protecting your funds, check our Bidaskbit review.
Bitlirex Trading Features
Generally, the company is hiding detailed information about its features. But at a glance, we can see they are offering spot trading, futures, and options. Also, traders can use ETH 2.0 staking services, trading bots, and copy trading features.
Yet, all these are highly suspicious, knowing that this firm is misusing some things, such as the names of celebrities like Elon Musk and MrBeast.
Trading Platform Available
Another key fact is that the company doesn’t offer dedicated desktop and mobile apps. Everything is web-based, and that might cause problems.
Generally, such platforms can’t be considered fast and reliable, as the company claims. Instead, you should opt for companies with developed downloadable software. Not to mention the ones with a license.
Available Trading Assets
Tradeable assets often determine what company you will choose. If the company lacks some options, traders easily find another replacement. Here, with Bitlirex.com exchange, you can trade:
- Bitcoin
- Ethereum
- USDT
- Binance Coin
- Dogecoin
- Monero and a few more.
Account Types
Overall, the company doesn’t have account type classification. At least not that the public knows of. But once you join their community, don’t be surprised if you get offers for premium or VIP accounts.
The problem with this is that the company might require you to deposit more money. Otherwise, you are not able to withdraw anything.
Mobile Trading App
The best companies in the crypto world are the ones with trusted, fast and secure mobile apps. Therefore, traders keep all their assets in a protected place. But also encrypted wallets. Surely, that’s irrelevant if the company is not licensed for the service. In any case, iOS and Android apps play a crucial role in choosing a company.
Demo Account
Since everything is hidden so far, we didn’t expect access to the platform. Especially not the virtual funds to test it out.
Even though that’s not the common practice with exchanges, it should be. At least to test if the company really offers some services or if it’s just another trick. To learn how to recognize other scam signs, check our Fintegral review as well.
Education
Unfortunately, this company doesn’t think education is important in trading. They expect you to know everything once you sign up with them. For that reason, there are no educational programs whatsoever.
Bitlirex Withdrawal
Another mystery with this company is the withdrawal procedure. It’s unknown whether you are withdrawing funds through a crypto wallet, bank account, or card. Even though deposit fees are transparent, withdrawal ones are not. So, you can expect surprises there.
Honestly, the best thing you can do is be patient and wait for a couple of months. Surely, traders will tell you how it went.
Customer Support
Shady exchanges often hide their address and contact details. That’s exactly the case with Bitlirex. Apparently, there’s a 24/7 live chat option available. But again, only for registered users.
Also, you can contact them via e-mail for listing and partnership. Another possible option is encrypted channels like Telegram and WhatsApp.
Key Information To Consider About Bitlirex
Generally, there’s nothing good with this company except for a few trading tools that could be useful. But if the company is not licensed and transparent, the risk is not worth it. Once you check any regulated crypto exchange, you will realize the difference.
In any case, if you experience any trouble with this company, feel free to contact us, especially if you want to recover lost crypto. Most importantly, the first meeting is free of charge and doesn’t include any obligations.
FAQ Section
What is Bitlirex?
Bitlirex is a crypto exchange registered in June 2023 offering a wide range of crypto spot trading assets, staking services, futures, and options trading.
Is Bitlirex Regulated?
Unfortunately, no. The company is not licensed by any authority. Especially not by the most trusted ones like FCA, CFTC, or SEC.
Can I Trust Bitlirex With My Crypto?
That wouldn’t be a smart move considering their lack of regulation. But if you did and you want to get the money back, feel free to contact us.
