One of the first things you notice about this company is that they are based in the United Kingdom. At least, that’s what they say. However, they don’t reveal what legal entity is running this company.
Also, research about their founders and ownership didn’t bring any results. The only thing you can think of afterward is to question if this company is a scam. Luckily, our Bitvortax review will help you visualize all the key points and make an educated decision.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings From: | N/A |
| Registered In: | UK (allegedly) |
| Operating Since: | 2023 |
| Trading Platforms: | Proprietary platform |
| Maximum Leverage: | N/A |
| Minimum Deposit: | $10 |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptos |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | With numerous negative reviews pointing out withdrawal issues, there’s no room to trust this company. Especially with their fraudulent tactics to extort even more money from customers. For this reason, we offer you a free first refund consultation to help you find a way and get the funds out. |
Legal Info: Is Bitvortax Legit Or A Scam?
If the company is any close to legitimate, it would have its DASP/VASP license properly presented. But they don’t. To be sure about that, we checked some of the most important regulators in the crypto world, such as FCA, ASIC, BaFin, and CFTC. Yet, the results were not found.
Now, the company claims in its presentation that safety is their top concern. To be fair, it’s ours as well. But is that relevant without regulation? Definitely not.
Who Are Bitvortax’s Victims?
The company’s targeting areas are quite odd. But most importantly, they are scamming anyone they can. Starting with clients from:
- United States
- Indonesia
- India
- Kenya
Luckily, traders are sharing their opinions about this company. As we can see, they managed to destroy their reputation for such a short company life-span. You can also add up to that by leaving your comment below. Also, you can contact us if you prioritize getting your funds back.
Traders Reviews
If you haven’t already realized this company is a scam, check the Bitvortax reviews on Trustpilot. There are 34 comments in total, and more than 50% are negative ones. That tells you all. Most importantly, these comments reveal the oldest tactic in the book. The non-existent withdrawal fee scam.
Practically, everything is fine as long as customers are not withdrawing funds. But when they want to, the company asks for more money. Whether you send it or not, they can start ignoring you, and you won’t see any of your funds back unless you contact our refund specialists for detailed guidance.
Investment Costs With Bitvortax
Important to realize is that the Bitvortax exchange is not transparent about trading fees and conditions. In general, these are the key aspects when you are choosing an investment company. After all, what’s worth the investment if the company will take it all?
Therefore, we suggest you opt for licensed firms and avoid such irregularities, especially with withdrawal fees. Also, don’t miss our tips from the Stake-Hub review because those could be life savers.
Bonuses
Overall, this company doesn’t offer any bonus deals. Thus, without transparent T&Cs, we are not even able to check if there’s a potential for that. Therefore, keep an eye on any bonus credits. Those might cost you more than you think. Thus, to see how those tricks work, check our SSC Investment review.
Bitvortax Trading Features
Some of the main features this company offers are nothing but basic. Practically, you can get a customizable crypto watchlist, coin performance, and advanced charting options. But if you are looking for some really advanced features like AI tools, Expert Advisors, or social trading, start looking elsewhere.
Trading Platform Available
As can be seen, the company is promoting its cross-platform that is designed as an extension. But only for Brave, Mozilla Firefox, and Microsoft Edge. Yet, without regulations, the trust and reliability of this platform are highly questionable.
Available Trading Assets
In general, it looks like the company has quite a solid availability of instrument assets. Thus, with so many negative reviews, all those assets go into the second plan. Anyway, besides the main ones, you can also trade:
- Heco
- Chain
- Tron
- Fantom
- AVAX and a few more
Account Types
Another key fact about this company is a lack of account-type deals. Generally, this would mean they care about their customers who trade bigger volumes. Thus, without transparent conditions and account-type offers, you can only expect pressure from the company to put in more and more money.
We kindly advise you not to fall for their minimum deposit requirement of $10. There are numerous exchanges with the same requirements but far better security.
Mobile Trading App
Another problem with this company is its mobile apps for iOS and Android devices. As can be seen, there are download options on the website. However, these don’t lead to PlayStore or AppStore as advertised.
Instead, you are downloading shady APK files directly from the company’s website. Thus, with the history of fraudulent activities, you shouldn’t trust it much.
Demo Account
If you are looking to test the company’s features, forget it. The Bitvortax scam company is not there to reveal its flaws. Instead, they will hide them in every way possible. That’s why the insight to the platform is not available to everyone.
Education
With the huge development of cryptocurrencies, regulated companies tend to educate traders more and more. Yet, with scam companies, that’s not the case. Otherwise, traders would learn the risks of investing with them and they would back out. That’s why this exchange doesn’t offer any education.
Bitvortax Withdrawal
The most important issue with this company is a withdrawal. With non-existent policy and fees, they prepared the soil for manipulation. So, what you can expect is that when you request a withdrawal, you’ll be required to pay more money. Those funds should cover fees or taxes.
Thus, if you pay those, you won’t see any of your money back. But if you don’t pay it, you won’t see it either. If you come to this point, know that you are scammed and start looking for refund options.
Customer Support
Surprisingly, there are several contact options with this company. Thus, on all channels, they can ignore your requests and messages. In any case, the company offers WhatsApp, live chat, and e-mail contact options. Yet, without transparent working hours.
Key Information To Consider About Bitvortax
As can be seen, all the details about this company lead to one conclusion: they are a scam company. Starting with regulations, non-transparent conditions, fees, suspicious platforms, and reviews.
Therefore, if you are caught in this scam, don’t hesitate to contact us and start the refund today. Prior to that, you can get the first consultation free of charge. This way, you decide what’s happening next. Get in touch today!
FAQ Section
What is Bitvortax?
Bitvortax is a crypto exchange allegedly based in the United Kingdom since 2023 but without transparent legal information.
Is Bitvortax a Legit Crypto Exchange?
Not at all. The company is not licensed and there are numerous negative reviews pointing out problems with this company.
Can I Track and Trace Stolen Crypto?
Surely. If any company steals your crypto, you can contact our refund team and use the benefits of the CipherTrace crypto tracking tool. Contact us and find out more.
