Zyxbit.com exchange, in the first place, is not sharing any of the ownership details. Neither do they mention where the company operates from. At least, from the T&Cs we can see that the governing law for any disputes is Malta.
But that and a few other similarities with other scam firms bring out an important question. Are all these brands running from the same place? Let’s find out in our detailed Zyxbit.com review.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | Zyxbit.com |
| Have Warnings From: | N/A |
| Registered In: | N/A |
| Operating Since: | 2023 |
| Trading Platforms: | Web trader |
| 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? | With an absolutely anonymous approach and similarities with other scamming brands, withdrawals can have inevitable obstacles. If you recognize any we present to you in this Zyxbit.com Review, feel free to contact us for refund advice. |
Legal Info: Is Zyxbit.com Legit Or A Scam?
To expose the Zyxbit.com scam, we just had to look in Tier 1 regulatory databases. Important to realize is that none of the trusted databases hold records of this company, especially not about having a Digital Asset Service Provider license. For clarity, we checked the FCA, BaFin, ASIC, CFTC, MFSA, and IIROC databases.
Therefore, without regulations, none of the features, fees, and costs can be trusted. Especially once you realize there is a similarity with other suspicious trading brands, such as Koypex.com, Toaltcoins.com, and a few more. Thus, some of those are already vanished.
Who Are Zyxbit.com’s Victims?
Another following part of the scamming pattern is the company’s registration date. This domain, in particular, was registered in mid-October 2023. At least according to who.is register. For this short time, they were mainly targeting traders from:
- United States
- Ethiopia
- Venezuela
- Armenia
If you are one of those as well, don’t hesitate to contact us for refund assistance. Throwing money away shouldn’t be your choice!
Investment Costs With Zyxbit.com
As can be seen, the company is quite conservative when it comes to fee transparency. In fact, only taker and maker fees are revealed to customers. Any other crypto trading-related costs remain undisclosed, which is generally a warning sign.
Anyway, if we trust what this company advertises, traders can expect 0.2% fees on a regular account. However, Premium users can get slightly lower fees of 0.14%.
Bonuses
Overall, this firm is not offering any kind of bonuses. At least not transparently. However, bonuses are mentioned in their T&Cs. But of course, more details are kept behind closed doors. After all, without regulations, you can’t expect anything going in your favor.
Zyxbit.com Trading Features
We already summarized that all the company’s features can’t be trusted. All their promises and options can be found with many other shady brokerages, such as Gevetex.com.
Anyway, with Zyxbit.com crypto fraud, traders can’t use any advanced tools or features. If the company is legit, we would find positive that NFTs would be available soon.
Trading Platform Available
Another warning sign about this company is their trading platform choice. The company opted for a web trader instead of third-party solutions or trusted apps. It’s the ultimate choice of swindlers. Primarily, they can control what traders see and help them make uneducated decisions.
Luckily, our Zyxbit.com review helps you understand all the flaws. Keep in mind such platforms can be easily accessible through the back end. This means that all the profits and losses you see on your dashboard could be fictive.
Available Trading Assets
To make everything even worse, the company only offers a few cryptocurrencies. But even purchasing those is highly speculative. Anyway, tradeable options appear to be:
- Bitcoin
- Litecoin
- Ethereum
- Ripple
- Bitcoin Cash
- Dogecoin
- Cardano
Account Types
As mentioned, traders can only choose between Regular and Premium accounts. Yet, none of the requirements for either of those are known. Except for questionable trading fees, everyone gets all the other conditions the same. There are some potentially fictive benefits, such as VIP support, trading signals, and fast withdrawals, but we wouldn’t trust those.
Of course, with a Premium account, there’s a catch. The deposit amount is unknown. Yet, if you transfer 0.25 BTC to your wallet, you have to activate a Premium account. Otherwise, you can’t make any withdrawals or transfers.
Mobile Trading App
Like any other untrusted exchange, Zyxbit.com doesn’t offer trusted mobile apps. Instead, you’ll have to use your browser to access your account. But the risks remain the same. Therefore, we suggest you check our tips in our Donarex review and see why mobile apps are the key.
Demo Account
With such an unpopular platform choice, a demo account would be a suitable option. At least to test the features. Yet, this fraudulent crypto exchange doesn’t allow traders to trade with a demo. Either you risk it or leave it.
Education
The educational program with this company is practically imaginary. But if there is any, it wouldn’t be trusted. If you are listening to advice from unlicensed companies, it’s more likely you will fall into a trap. Instead, choose Tier 1 licensed companies and see what trading education should look like.
Zyxbit.com Withdrawal
Considering shady T&Cs and lack of withdrawal policy, most likely no. On top of that, they clearly mention only VIP clients can get fast withdrawals. But none of these facts are proven. In any case, withdrawals can only be requested to the crypto wallet.
Understandably, the company will charge you a withdrawal commission, which is also unknown. With so much space for manipulation with fees, you can only expect a nightmare.
Customer Support
Important to realize is that this company doesn’t have any customer support options. At least not for unregistered clients. Most probably, they are using end-to-end encrypted platforms. Such as Telegram and WhatsApp.
Primarily, to keep their anonymity on the highest level. They might also be using Discord channels. Anyway, not something that makes you comfortable when giving money away.
Key Information To Consider About Zyxbit.com?
Everything about this firm is suspicious. Starting with ownership, registration date, and addresses. We also can’t forget the missing regulations. Moreover, the company has quite unclear costs, a shady platform, and zero reviews. What else do you know to realize they are a scam?
Sadly, you won’t be the first or last who got trapped. But it’s important to know what to do if that’s the case. Luckily, our refund experts offer you a free first consultation and help to solve the problem. Primarily ones with the refunds that are most important to clients. Don’t wait a bit, and contact us today!
FAQ Section
What is Zyxbit.com?
Zyxbit.com is an unregulated crypto exchange operating from an unknown location. Apparently, this company was founded by Justin Hance. A name connected to multiple other scams.
Is Zyxbit.com Legit?
Not at all. The company is completely non-transparent and they primarily operate without authorization in any country.
Is It Possible to Recover Lost Crypto and How?
Surely. Tracking down is the key. With our CipherTrace technology, you can find your lost funds and start the recovery. For detailed guidance, contact our refund team.
