Tipitek exchange claims to be operated by Cryptocoinpay. Yet, only through their T&Cs, we see that it’s a limited liability company. The official address presented on the contact page is in Singapore. Generally, makes everything easier since MAS Singapore regulates crypto investment services.
Now, the company claims to be registered in 2017. And yet, their domain was created in 2020. That could mean they were operating as a different brand before that. But also that they are misleading traders. In any case, not something to look forward to. Therefore, we invite you to read our Tipitek review carefully and reveal everything about this company.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings From: | N/A |
| Registered In: | Singapore |
| Operating Since: | 2020 |
| Trading Platforms: | Web trader |
| Maximum Leverage: | 1:20 |
| Minimum Deposit: | $500 |
| Deposit Bonus: | No |
| Trading Assets: | Cryptos, tokenized shares, tokenized indices |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | Since there are too many discrepancies with this company, it’s questionable if withdrawals will be smoothly processed. But if you experience any irregularity, feel free to contact our refund experts for assistance. |
Legal Info: Is Tipitek Legit Or A Scam?
Generally, the easiest way to see if the company is legit is to look if it’s regulated. In this case, we are looking at the Monetary Authority Service (MAS) from Singapore. However, their records don’t show Cryptocoinpay LTD being regulated. Therefore, none of the company’s services can’t be trusted.
But to avoid jumping to conclusions, we checked some other Tier 1 databases, such as FCA, AMF, BaFin, and ASIC. Sadly, the results were the same. To see how dangerous unregulated crypto exchanges can be, read our Pylwex.com review.
Who Are Tipitek’s Victims?
To be fair, this company appears quite legitimate and professional. Yet, that’s irrelevant once you check the Tipitek reviews. Considering those and research about the domain visitors, most of their traders come from:
- Finland
- Germany
- United States
- Ukraine
- Cyprus
However, regardless of country, we encourage you to leave your opinion in the comments if you have any experience. Ultimately, our refund specialists can analyze your case and offer you a solution if needed.
Traders Reviews
Even though there are not many reviews, a potential pattern is revealed. Only 4 comments on Trustpilot and already 3 negative ones. Yet, they claim to have more than 1M existing customers.
Surprisingly, two out of those comments reveal that the company is asking for a 15% fee to get a withdrawal. Also, there’s a potential problem with funds being locked up for 180 days. In general, nothing that you wish for when you are investing. Therefore, be wise. If this happens to you, don’t hesitate to contact us for advice.
Investment Costs With Tipitek
Important to realize is that this company is not revealing any of the investment costs. Primarily not the taker and maker fees. These things could easily determine the course of your investment career.
If you are fooled once, you won’t be eager to trade again. Therefore, all dreams are gone. Hence, be wise and choose your investment company patiently. Otherwise, you might face unexpected fees required to pay, as other traders showed us.
Bonuses
Luckily, this company does not offer any kind of bonus. This means you can forget about shady policies preventing you from withdrawing any funds. However, without regulations, it’s not guaranteed such things won’t pop up in the future.
Tipitek Trading Features
As can be seen, some of the account types include vast advanced trading options. Such as built-in robots, algorithmic trading, and trading signals. Yet, none of these can be trusted without a license.
On top of that, such tools allow software or company to control your investment. That’s practically all you want to avoid. Also, the company offers leverage of up to 1:20, which is for crypto trading insanely high.
Trading Platform Avaialble
Another key fact is that the company does not offer a trusted trading platform. Even though they advertise an innovative trading platform, the platform is most likely web-based. This means that a wide range of manipulations are possible.
Available Trading Assets
Tradeable assets with unregulated companies are very questionable. All of the assets are not realistic, and these present only a fictive presentation of crypto investment options. Also, there are tokenized indices and shares. Anyway, it looks like they offer only popular crypto options like:
- BNB
- BTC
- USDT
- SHIB
- DOT and a few more
Account Types
The account types reveal the bitter truth about this company. The only thing clear here is how much money they want from customers. Tipitek exchange has one unique feature. They hold investments between 90 and 180 days. In any case, the options are:
- Mini – $500 – 180 days
- Easy Start – $5.000 – 180 days
- Start+ – $25.000 – 180 days
- Pro – $100.000 – 90 days
- Pro+ – $500.000 – 90 days
- EXTRA – $1.000.000 – 90 days
Mobile Trading App
Apparently, the company offers iOS and Android apps. However, trusted stores don’t tell the same story. Therefore, this feature is highly questionable. But to see why trusted mobile apps are important, check our Biterrex review.
Demo Account
Another disadvantage of the Tipitek.com exchange is the missing demo account and platform transparency. This way, they tell any customer there is something hidden. Definitely something you want to avoid at all costs.
Savings Account
Another feature available with this company is a Tipitek savings account starting from $25.000. The annual interest rate is between 18% and 48%, depending on your chosen account type. Thus, this company is not authorized to provide such services. Bear that in mind.
Tipitek Withdrawal
As can be seen from the reviews, the company is asking for non-existent fees to be paid. Those 15% are not mentioned anywhere in the T&Cs or withdrawal policy. Neither does the company reveal processing time or methods. With this in mind, anyone would question if withdrawal from this company is possible.
Customer Support
If you want to reach out to the company’s staff, you have fairly good options. There are different e-mail options for different inquiries. But also three phone lines for US, UK, and Singapore clients. The support team’s working hours are 9 AM – 6 PM GMT on weekdays.
Key Information To Consider About Tipitek
One of the funny things is this company sharing media talking about them. Surprisingly, only suspicious media has ever written about them. But if you try to check the Financial Times, for example, the article doesn’t exist. This tells you everything.
On top of that, the company is not regulated, and there are suspicious fees traders are reporting. Therefore, if you experience anything similar, contact our refund experts immediately for advice.
FAQ Section
What is Tipitek?
Tipitek is a crypto trading company and exchange operating from Singapore allegedly from 2017.
Is Tipitek a Legit Exchange?
Fairly, no. The company is not licensed by MAS Singapore. On top of that, there are too many irregularities visible to the public.
Is It Possible to Track and Trace the Cryptocurrencies You Sent?
Surely. Cryptotransfers can be tracked with the CipherTrace tool. Once you find the final destination you can apply for a refund. But to avoid any mistakes, contact us.
