Bitnomics company operates under Money Flow OÜ registered in Estonia. Because of specific jurisdictions country became a hub for shady brokerages and exchanges. But what puts this company in that famous group you’ll have to find in this detailed Bitnomics Review.
Investment scams are present everywhere and you should equip yourself with knowledge. Don’t miss out our PrimoTrade review if you want to stay safe.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | Bitnomics.co |
| Have Warnings from: | BCSC |
| Registered in: | Estonia |
| Operating since: | 2019 |
| Trading Platforms: | Proprietary web platform |
| Maximum Leverage: | 1:1 |
| Minimum Deposit: | 200 EUR |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptos |
| Free Demo Account: | Not available |
| How to Withdraw from This Company? | After a warning and numerous negative reviews, you know that the only way to get money out is with professional assistance. This company won’t let you get your money back. Contact us to start the process today! |
Legal Info: Is Bitnomics Legit Or A Scam?
Bitnomics company used to be on the Estonian list of licensed virtual asset service providers list. However, the company decided to revoke its license on the 18th of July 2023. With this in mind, you know there’s nothing else safe with this company.
Moreover, there is also a warning issued by the Canadian BCSC against this company.
Who Are Bitnomics’s Victims?
Crypto exchanges don’t have many restrictions. Therefore they can operate anywhere. Thus, this company was mainly scamming traders from:
- Canada
- United Kingdom
- Netherlands
- Germany
- Belgium
Considering the strict regulation of mentioned countries, it’s quite dull for them to target those traders. Nevertheless, if you are still looking for a way to get your money back, we have it. Send us a message to find out more.
Traders Reviews
Another crystal clear sign of Bitnomics scam is their reviews. In fact, there are already 69 comments on Trustpilot. But the scary part is that more than 75% are the ones with the lowest rating. Overall, mostly points out the withdrawal issues.
That’s why we recommend anyone contact our team for further advice. It’s your money in the end and the first consultation with our experts is free.
Investment Costs with Bitnomics
Important to realize is that the company doesn’t reveal any investment costs. You can’t have transaction fees, exchange fees and especially not withdrawal fees. Even if you didn’t see a warning this would be a dealbreaker.
Bonuses
In standard terms, bonuses are not available. Thus, traders can get bonus funds while referring the company. A standard tactic to get more and more victims into their pool.
Bitnomics Trading Features
Bitnomics Exchange doesn’t offer any advanced features. Without a dedicated app, their platform becomes more and more dangerous. To make it even worse, the company has quite poor instruments offered. Yet, they expect you to trust them with your money.
Available Trading Assets
In the era where traders are luring for potential in altcoins, Bitnomics company stayed with the roots of the business. In fact, they offer only two investment options. Those are:
Account Types
Generally, some exchanges offer different account types to motivate traders to invest more. In exchange, they get better fees. Thus, Bitnomics scam company has 3 levels but without any benefits. Those are:
- Level 1 200-14999 EUR
- Level 2 15000 – 49999 EUR
- Level 3 50000 EUR +
Mobile Trading App
Another sign that Bitnomics is not a safe company is missing a dedicated app. All iOS and Android users will have to access their accounts through the browser. In general, something that you are looking to avoid for any app.
Demo Account
This crypto exchange like many others, doesn’t offer a demo account. But in this case, most likely because they are hiding their flaws. In general, that’s why we suggest traders to work with trusted and more transparent companies.
Education
Generally speaking, traders already know a lot about cryptos. But there is always something new and it’s great seeing a company offering proper education. Yet, Bitnomics only runs a blog.
Bitnomics Withdrawal
Bitnomics wallet is not secure as some might think. Primarily because it’s web-based. After all, that’s why investors experienced different kinds of issues but mostly withdrawal ones. Bitnomics.co exchange doesn’t share transparent withdrawal fees and of course, you can’t expect anything positive there.
Have in mind that crypto transfers are also irreversible and hardly traceable. All that goes in favor of this scam company to prevent you from withdrawing anything. With all these tricks learned you can check our BullishFX review and check your knowledge.
Customer Support
Surprisingly, bitnomics.co company offers transparent contact options. There’s a phone, e-mail and social media available as the contact option. Moreover, the company claims to be available 24/7. Thus, reviews point out it’s only true if you want to deposit money.
Key Information To Consider About Bitnomics?
Primarily, the company revoked its license for Virtual Asset Service Provider. Secondly, there is a warning from British Colombia Securities Commission. Lastly, but most importantly, we can’t forget 75% of negative reviews.
If you are reading this, most likely you were scammed before. In that case, don’t hesitate to reach out to our team. Getting your money back might be closer than you think. The first consultation is on us! Get in touch today!
FAQ Section
Who Is Bitnomics?
Bitnomics is an Estonian crypto exchange operating since 2019 and it’s owned by Money Flow OÜ.
Is Bitnomics Regulated?
The company used to have a license from FIU (Estonia) but it was revoked in July 2023.
What Is The Site Of Bitnomics?
Bitnomics uses the bitnomics.co domain. If you were one of their victims, don’t wait to contact us for refund assistance.
Source:
https%3A%2F%2Fscambrokersreviews.com%2Fcrypto-scams%2Fbitnomics-review%2F
