Bitoneu Review – More Than 40 Crypto Trading Scams Exposed

The first thing we can realize about this firm is a lack of legal transparency. Yes, indeed, they provide T&Cs, but you can’t find any details about founders, addresses, or legal entity info. Fairly, that’s always a sign to take a step back and rethink your investment choices.

Another problem with this firm is the scamming pattern. They are running pretty much the same brands like gevetex.com that are still active and numerous more that have already gone inactive, such as koypex.com and koygex.com. 

To avoid being scammed by these guys, make sure to read this Bitoneu review carefully.

Legal info: Is Bitoneu Legit or a Scam?

We believe that after the intro you already have an opinion this company is an absolute scam. Indeed, it is. But we want you to find out what tricks they are using so you can avoid them in the future. Most importantly, our advice can be used to stay away from any other investment firm.

The key problem with this exchange is a lack of regulatory oversight. Without FCA, BaFin, ASIC, or similar licenses, you can’t trust their services anyhow. Especially since such an anonymous company like this claims to have a quarterly trading volume of $137 billion.

Who are Bitoneu’s Victims?

If the company was so good, there would be at least some Bitoneu reviews publicly available. But when you realize their domain was registered in February 2024, nothing should surprise you. Mainly targeted countries so far are: 

• Germany
• Netherlands
• United Kingdom
• Sweden
• Norway

If you have any experience, we invite you to share it in our comments section. In most cases, we expect negative comments. Same as the ones we see in the Sure Trade Group review. However, you shouldn’t lose hope in recovering the funds since our refund experts can help you. Get in touch for more details.

Leverage, Commissions, Spreads, Fees and Taxes

Generally, trading fees are fixed for regular users at 0.2% regardless of whether you are a maker or taker. However, if you opt for the company’s VIP account, which we will cover later, you can get fees of 0.14%. To be fair, Bitoneu exchange with these fees can’t compete with any top-tier licensed firm.

Bonuses

Bonus funds with crypto exchanges are often a good thing. Primarily in the ICOs. However, with such shady activities with Bitoneu crypto exchange, you shouldn’t accept any. So far, there’s no indication they might offer them.

Bitoneu Trading Features

The problem with this platform is that traders don’t have trusted wallet access. Instead, they will be purchasing cryptos that will be presented on a spot trading platform. This way, the company gets hold of your real money while you will be trading with virtual.

Trading Platforms Available

Without a trusted Bitoneu app, we can’t truly trust the platform. Their web-based solution is everything but not trusted. 

We’ve seen many scam firms using similar platforms, and it never ends well, primarily because the profits presented to traders are completely fictive.

Available Trading Assets

Unfortunately, without a functional platform and constant system errors, it’s hard to see what assets they offer. But with all the flaws the company has, we hope you won’t even choose to register with them. If you do, you can expect popular options like: 

• Bitcoin
• Ethereum
• Litecoin, etc.

Account Types

We mentioned earlier so-called VIP accounts. These accounts include VIP support, fast withdrawals, and 5-10 VIP trading signals. 

But there’s a catch. The deposit requirement for this account is unknown. Therefore, if you have in your balance anything above 0.1 BTC, you need to activate VIP to be able to request a withdrawal. That’s exactly how they scam their victims and extort everything from them.

Mobile Trading App

Once you complete the Bitoneu login procedure, you will realize the mobile apps are not available. But that shouldn’t surprise you since they are here only for your money and not experience. 

To avoid similarly suspicious companies, we suggest you read our TrustKeyFx review as well.

Demo Account

To sum up, no. The Bitoneu exchange is not one of those companies interested in improving your experience. Their goal is just to extort money and disappear.

Education

As can be seen, this exchange provides zero educational material for customers to learn about cryptos. Not to mention advanced options like webinars and 1-on-1 advisory sessions. 

But if you think about it, it makes sense. They don’t want you to know what tricks they are using to scam you.

Bitoneu Withdrawal

Considering the company’s missing regulations and zero transparency, you can consider withdrawals as the mission impossible. 

Regardless of what they say, you can expect numerous excuses from the company’s side when you request a withdrawal, starting with verification problems, AML laws, and non-existent fees. Luckily, there are solutions to that as well.

Customer Support

Important to realize is that the company advertises support available 24/7. Thus, the only contact option is e-mail, and this way they can easily filter whom they respond to. Keep that in mind if you seek their assistance.

Key Information To Consider About Bitoneu

With numerous brands shut down, and absolute anonymity, problems with this firm are inevitable. Therefore, don’t waste time trying to find a solution with them. Instead, reach our refund experts who can advise you accordingly for all refund options.

Even if you were sending crypto, our team has access to the CipherTrace tool for crypto transfer tracking. Book your first free consultation right away and find out all steps to recover your money.

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