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BitandCoins Review: BitandCoins.com Too Good to be True?

BitandCoins Review: BitandCoins.com Too Good to be True?

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BitandCoins is a company that is allegedly offering investors an opportunity to trade over 1000 assets. You will not have anything-extra ordinary in this venture. The platform is another scam that has invaded the market.

The company guarantees investors they will have a groundbreaking experience. However, you will only get disappointed with this venture. You will not boast your trading experience with this shady entity.

The entity promises investors a groundbreaking experience. You will have the opportunity of utilizing top-notch trading tools as you improve your trading activity. They are using innovative technology.

Unfortunately, BitandCoins is a scam entity that will leave you high and dry. Despite the platform being a Ponzi scheme, they claim their customer wills high-security measures. Furthermore, the firms also claim that they segregate investors’ funds in separate accounts.

The information is force and only meant for credibility purposes. However, the company does have an SSL certificate, but the people running this venture should be your primary concern. The entity is also offering educational services.

BitandCoins.com Review

BitandCoins is trading several assets like Forex, Commodities, Stocks, and Indices. Despite the name of this firm being BitandCoins, the entity is not trading cryptos. The company has SIX investment accounts that have very enticing deals. The platform is offering a welcome bonus ranging from 20% up to 80%.

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The company was registered in December 2019. The data of the founder is hidden from the public. Hence, we could not determine the person behind this fraud. The platform does not have a good reputation.

BitandCoins Review, BitandCoins.com Website

 

Additionally, the time that they have been in the industry is short. We do not have much faith in how the platform is being run. We would advise investors to stick to legit forex trading companies in the market. You will get professional services from these ventures.

BitandCoins does not have sufficient data regarding their trading activities. The website only has fluff content, which does not help to win the trust of traders. The venture is another fraudulent entity that you should avoid.

Moreover, the information regarding the team of professionals or the owner is missing. Therefore, we do not know the qualification of the individuals behind this firm. The anonymity of this platform is not appreciated.

How Does BitandCoins Operates

The company is an alleged Ponzi scheme that does not disclose its trading conditions. BitandCoins only make massive claims that are unattainable. The platform has not acquired any feedback from their clients since the time it came into existence.

Additionally, we do not know the performance of this entity. The company has not shared any financial report. The venture will link you to unregulated brokers in the market. You will end up sharing your data, and the company will call you tirelessly.

BitandCoins will make money at the expense of their clients. The company has no good intentions for their customers. It would help if you stayed away from the entity to avoid losing funds. The shady firm lacks transparency and is enough reason to stay away.

Their website does not get into details regarding the platform’s trading activities. We are confident that there is no trading taking place at BitandCoins. It is a matter of time before investors start complaining.

Investors should stick to regulated ventures in the market. You will earn a reasonable amount of returns. BitandCoins will not only defraud their clients. Furthermore, they do not disclose the brokers that they are working with.

Withdrawal and Deposits

Investors can deposit funds using Neteller, Skrill, Visa, MasterCard, Yandex, WebMoney, QIQI Wallet, AstroPay, and Paysafecard. The minimum account that you can deposit is $250. However, you will not be able to withdraw your funds once you deposit funds with this scam.

BitandCoins is offering leverage of 1:400 to their clients. It is a very attractive yet can also lead to huge losses. We cannot verify whether the entity is accepting all these methods of payments. However, as we always insist on when investing in any company, deposit funds using credit cards.

This is because you can issue a chargeback within 540 days. The method helps to combat scam activities. The company will handle investors’ withdrawal requests within 5 to 7 days. The least amount of money that you can cash out is $250.

The duration is long; additionally, the chances of withdrawing successfully are limited. BitandCoins is charging their clients fee upon cashing out. The company is also charging $30 to dormant accounts within 12 months.

The platform claims it has the right to charge its customers’ credit card with the commission. It proves that the company is not transparent, and it is indeed a fraudulent venture. Additionally, BitandCoins state it cannot be held accountable for any measures they take for their clients.

A company like this will go to a further mile of sharing your data with a third party without your consent. Do not trade with this scam because you will lose funds.

BitandCoins.com Customer Support

BitandCoins claim that they have a leading customer support team. They offer their services 24/6 in various languages. The company is targeting both local and universal clients. The company is allegedly based at 70 Gracechurch Street, London, EC3V.

Unfortunately, there is a high possibility of this platform not being based in the UK. Scammers will fake their addresses to steal from the residence of a specific location. Moreover, the company has the characteristics of an offshore entity.

You can either fill up the contact form or reach them via telephone. Sadly, the scammer will convince you that they are legit only to end up defrauding you. Their support will only be friendly at first, but they will never respond once you deposit a considerable amount of funds.

Regulatory Status

BitandCoins is a company that is not regulated by any financial body in the world. The platform does not feature a registration or a license on its website. Therefore, the entity is an outlaw that should be avoided.

The platform states that it is located in the UK. Hence, it should be authorized by FCA for it to operate legally. However, based on the characteristic of this scam, nobody can license their fraudulent activities.

BitandCoins does not care about the law. The firm will do whatever it wants without minding their clients. Trade only with licensed companies because your safety is guaranteed. Additionally, platforms that are regulated stay long in the market.

Funds Safety at BitandCoins

Your money is not safe with BitandCoins. The platform is being run by unknown individuals whom we do not know their background. Trusting such people with your money is a naïve decision.

The company also does not have separate accounts or a compensation strategy in place. Therefore, in case of anything, you will end up losing funds. The authority will not come to your rescue because the venture cannot be traced.

Final Verdict

BitandCoins is a scam venture that only wants to steal funds from naïve investors in the market. Any financial watchdog in the market does not regulate the company. Additionally, the venture has showcased multiple scenarios whereby their only intention to lay hands at traders’ money.

Investors will not earn any profits using this shady venture. Invest with legit Forex trading software that will allow you to trade automatically. Moreover, your persona data will be secure in such ventures.

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