BTC Kingdom, which is hosted at btckingdom.com claims to be an online trading platform where every day consumer can purchase Crypto currencies with ease. The online platform proclaims that they are the fastest and safest place to trade Crypto currencies. If you came across the BTC Kingdom platform and are wondering whether this site is safe, read this informative review because you’ll be able to make an informed decision thereafter.
Some of the questions we will be addressing include the following: what is BTC Kingdom and are they legit?
Note: You can mine coins with these reputable platforms.
They present themselves as a dependable trading platform for Crypto currencies. The website’s marketing materials claim that they are supporting up to 800 Crypto currencies and ICOs. They also tell us that their support works 24/5. But we know that Crypto currencies are traded round the clock, including weekends. So if the site has support that works 5 days in a week, that means customers who use this platform on weekends will be left without any kind of support.
800 Crypto currencies is definitely a variety. However, the most obvious ones include mainstream coins like bitcoin, altcoin, ethereum, bitcoin cash, ripple, litecoin, digital cash, zcash and monero.
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The platform also claims that they are offering a proprietary institutional liquidity feed representing over 85% of the crypto market. They also claim that they are bridging the gap that has been left behind by leading Crypto currency exchanges like Poloniex, Kraken and Bitrex. This simply means that the site is claiming to support a vast number of Crypto currencies for buying, selling and trading in general.
In addition to this, the platform is offering its consumers free market news, research, advanced analytics and a trading platform that is well equipped with modern investment tools and instruments. The news feature is not necessarily something we could consider a feature because this tool is offered by all Crypto currency brokers. Most traders want to follow market news to aid them in their fundamentals. So this is a crucial feature, something that all professional Crypto currency exchanges must adopt.
BTC Kingdom is supporting a wide range of payment options which include Visa, MasterCard, Web Money, Neteller, Skrill, Qiwi Wallet, Discover among other methods of funding.
They claim that the site’s operation are overseen by a company known as Home Market Ltd. There are no details about Home Market Ltd anywhere on the internet. We actually believe that this is not a registered company because if it existed, we would have found it on the internet. On the footer of the site, they cite the following details” Sofia, 1574, Slatina Reg., Hristo Smirnenski R.A., bl. 9, entr. G, 3rd fl., app. 7. It is not clear whether this is a physical address or details of the company mixed into an address. Also, if at all this is an address, there is no guarantee that it is a real address and not a virtual one.
Apart from the vast number of Crypto currencies supported on the platform, which means that consumers who are avid traders of Cryptocurrencies will love this, the platform also claims that they are not charging any commissions. On top of that, they claim that traders can trade on the go because they have a mobile app, plus their users can invest in ICOs too.
Actually, it’s very difficult to establish who the researchers working for the platform are. Who are the people doing the research to find out what ICOs are worth investing in? The site claims that they are offering free market research. Is there anything like free market research? These are real professionals and they need to be paid. Who compensates their time and effort? We ask these questions because it does not make sense when a supposed Crypto currency claims that they are providing market research for free. If it is free, then there is the likelihood that this research will be mediocre. The quality of the research will be so bad that investors will end up losing their money.
Also, BTC Kingdom is giving up to 300% margin loan. This tool must be used with care because leverage can be good and bad at the same time. If you know what you are doing, you can go ahead and request it. But if you are new, we advice that you should either use small leverage or avoid it altogether if you have enough capital to trade.
We’ve checked who.is for insights about this site’s domain and discovered that it was created in 2016 through the DropCatch registrar. This is therefore not a new site. However, it still doesn’t appear to be a popular destination for buying and selling Crypto currencies. The reasons could be due to bad reputation or poor marketing efforts. From the information that we have analyzed, we realize that this site does not receive much visitor traffic. The UK seems to be the most popular visitor origin for this site.
The site has been in existence since 2016 and we actually have no idea why it is not one of the popular exchanges on the internet. We have also researched what users are saying concerning this site and found nothing. The forums are not busy wit threads where people discuss BTC Kingdom.
At this point in time, we cannot incriminate the site based on popularity alone. However, we can say that a site that is not popular is not a very safe site to transact your coins from. Also, they are not a regulated exchange yet. You should take this into consideration because scams don’t seek regulations.
We therefore need to wait and see if user feedback will surface on the internet. Right now it’s too early to judge whether or not this is a dubious site.
BTC Kingdom is just an addition into the list of ever growing Crypto currency exchanges. In case you’re wondering where to generate coins, start mining them.
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