BidAskBit Review: Bidaskbit.com absurd Broker

Bidaskbit is a broker dealing with crypto trading activities. The company welcomes all investors to join them. It also guarantees successful trading. The novice traders can copy the strategy of expert traders. 

You need to open an account to yield the advertised returns. The venture is partnering with Virarosi, a crypto exchange. It helps you convert your fiat to digital currency. Investors can trade BTC, ETH, Ripple, and Litecoin. 

The people that you copy their strategy when they make losses users will also have the same outcome. Bidaskbit is only mentioning the profits. The market is volatile, and there is no evidence you will work with expert traders. 

Investors can also keep track of their progress. Our main concern is the venture’s anonymity. It is important to know the qualification of the people managing your account. Who they are and their area of operation. In case of any shortcomings, it would be easier to track down the individuals. 

Ensure that you only deal with transparent investment companies. There are genuine cryptocurrency investment platforms in the market. They guarantee the safety of funds to investors. Their customer support is also reliable. You get a chance to enjoy sound trading conditions. 

Bidaskbit.com Review

Bidaskbit brags about having over 10 years of experience. The venture misleads the public. Whois.com data indicates the venture made its first digital footprint in November 2019. The entity lacks a trading history. Three years is enough timeline for the broker to publish its trading results. 

Before joining a company, verify its performance. There are several scammers in the market. It is up to investors to determine the authenticity of a firm before opening an account. Check and see if a venture has a license. It is a mandatory requirement by the financial watchdog for brokers to have regulatory forms. 

Sadly, Bidaskbit lacks customer feedback. We do not know the experience of those that have engaged with the scheme in the past. It is through their testimonials that you would know what to expect. Is the company paying on time? Is the customer support responsive? Additionally, the scheme is not reputable. Be cautious as some scammers use false information to win over more victims.  

Bidaskbit Trading Conditions 

Bidaskbit uses a cTrader platform. The interface has admirable features. However, a presence of a trading platform does not guarantee a broker’s legitimacy. Multiple scammers are using top-notch trading software only to steal from innocent investors. 

The scheme does not feature trading conditions. Customers should know what they are signing up for before opening an account. Understand the leverage and spread to expect from a broker. It eliminates any possible threat of losing cash in the future. 

You can sign up for genuine crypto exchange and start earning passive income. Offshore platforms exploit their customers by providing a high leverage cap. They will only disclose the possibility of yielding high profits. However, they leave out the essential part. The risk involved. 

You cannot always make profits. The volatile nature of the market makes it impossible to determine your next move in the industry. Registering with Bidaskbit is a blind move. The platform does not have legal documentation. Without a binding contract, it won’t be possible to sue them.

Withdrawal and Deposit 

The company accepts funds via cryptocurrencies. There are various cryptocurrency exchanges in the market. They accept funds via multiple options. Limiting investors on payment methods does not paint a good picture of the firm.

Scammers prefer digital currency payments. This helps them to conceal their identity and prevent customers from issuing a chargeback. Additionally, Bidaskbit is offering clients bonuses. The terms that must be met to get a withdrawal are not discussed. 

Ponzi schemes inflict absurd conditions for traders. Their main aim is to retain your cash in their system. They will, therefore, do anything in their power to keep the cash. Your withdrawal request will never be handled. 

We do not know what the minimum amount to deposit or withdraw is. Bidaskbit does not disclose if there are applicable charges. Offshore schemes usually have hidden charges. They will ask for commissions and taxations fees previously not featured. 

Contact Details and Customer Support 

Bidaskbit does a perfect job of remaining discreet. There is no contact detail on the website. Investors should know the firm country of origin. Additionally, reliable communication channels should also be availed. How else would you reach the broker when you have a query?

Genuine investment companies operate in full transparency. Investors can reach out to customer support with ease. Additionally, their customers endorse the platforms. Going through their testimonials will shed more light on the company’s operations. 

Bidaskbit will disappear in thin air when you least expect it. Any attempt to track down the venture shall bear no fruits. Furthermore, deal only with authentic brokers to avoid the agony of going after your cash. You will enjoy peace of mind. 

Bidaskbit Regulatory Status

There are multiple financial watchdogs in the market. Bidaskbit presents a license number without specializing the body it falls under. The features of the broker prove this is an illegitimate scheme. No regulator would allow such a murky scheme to operate in its jurisdiction. 

Ace Holding Limited is the broker’s alleged parent company. It is a ghost corporate that we don’t know of its whereabouts. Scammers will use false information to get more victims. The authority would not allow an entity to operate without a license. There are capital requirements that vary from one country to another. 

The amount proves a scheme can survive the market volatility. The venture also cannot misuse customers’ funds. If a dispute arises, the authority can help resolve the matter. Bidaskbit is aghost company. Nobody knows what happens behind closed doors. 

Legitimate companies must report their trading activities to financial bodies. Unfortunately, with Bidaskbit we do not know how the scheme is performing. We cannot guarantee there is trading taking place on the site. 

Bidaskbit Fund Safety 

Bidaskbit is operating in anonymity. We doubt the broker is working with professionals. Most scammers build attractive websites with tempting offers. However, they lack the knowledge and skills to help investors achieve their goals. Moreover, you cannot rely on discrete individuals to grant you fund safety.

The broker fails to invest in quality customer support services. Their mode of communication with their clients is wanting. Therefore, there is no phone number or office address. They do not want to leave any traces behind. 

Bidaskbit is not a serious investment firm. Whoever is behind the website was in a rush to launch the platform. The lack of terms and conditions policy should not be taken lightly. It is one of the ways to know you are dealing with a  legitimate platform. The document highlights what to expect from a broker. 

Final Verdict 

Bidaskbit is a shady investment company. The entity is operating in only God knows where. The scheme fails to provide trading conditions and withdrawal requirements. Furthermore, the essential information should be freely available to customers. The entity has been in the market for years. However, the firm does not bother to avail audited performance reports. 

The entity is surrounded by darkness. Joining them is uncalled for. Additionally, you won’t yield any profits. Additionally, there are several genuine crypto companies in the market. These are reputable platforms with excellent trading conditions and benefits.