BiteBTC is one of those companies offering you a wide range of investment offers without any pedigree. Some of their main features are API-automated trading options, but we all know how it usually ends.
In any case, once you complete reading this BiteBTC review, you will know why to avoid them. After all, their licensing says it all.
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| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | https://bitebtc.com/ |
| Have Warnings From: | N/A |
| Registered In: | N/A |
| Operating Since: | 2021 |
| Trading Platforms: | Web trader |
| Maximum Leverage: | N/A |
| Minimum Deposit: | N/A |
| Deposit Bonus: | Not available |
| Trading Assets: | Cryptos |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | Considering 100% of negative reviews about the company, you can’t even think about regular withdrawals. Therefore, we suggest you use our CipherTrace services, find your crypto, and start the refund process. Get in touch now for detailed guidance from our experts. |
Legal Info: Is BiteBTC Legit Or A Scam?
There are numerous indications that the BiteBTC exchange is nothing but a scam. Primarily because the company doesn’t have any Digital Asset Service Provider (DASP) license, neither are they listed as a reliable crypto exchange.
Therefore, all the money you are sending to this company is a waste. Not to mention that many of the company’s features on the website don’t work properly. So, you can imagine what’s happening after you complete the BiteBTC login procedure.
Who Are BiteBTC’s Clients?
Without regulations, any company can target any country they want. It’s all about preferences. Yet, experienced traders already know how to distinguish between scams and trusted companies. On the other hand, inexperienced traders from the following countries don’t know:
- India
- United States
- France
- Indonesia
- Spain
If you are coming from any of those, let us know what’s your experience with this exchange. Ultimately, our refund specialists can analyze your case and offer you a step-by-step solution.
Traders’ Reviews
As the leading warning sign, we can definitely put it in the first place BiteBTC Trustpilot reviews. In fact, 18 out of 18 comments come with a negative experience, which is quite a disturbing sign.
It appears that everything about this crypto exchange is fake. Starting with the trading platform, fees, market data, and withdrawals. Not to mention, the company doesn’t have any customer support features. So, you can imagine the misery of their clients. If you were also one of those who were defrauded, contact our refund experts for advice.
Investment Costs With BiteBTC
One of the key aspects of any crypto exchange is its fees. Whether we are talking about exchange fees, transaction fees, or anything else. Apparently, this firm offers a 0.2% trading fee for all cryptos and variable deposit and withdrawal fees.
BiteBTC Trading Features
If you were wondering is BiteBTC a trustworthy exchange, here comes another clue. Not only do they have a poorly designed web-based platform, but they only have 40 followers on BiteBTC’s Twitter account. That tells you enough about their credibility.
Trading Platform Available
As mentioned, instead of trusted apps, this company offers a web-based trading platform. In general, experienced traders know these platforms are easily manipulated. But we are here to educate inexperienced clients. Don’t buy it, and never settle for anything that’s not proven.
Available Trading Assets
The company name says everything. This firm only offers crypto trading options. However, even those are highly questionable since they are not regulated. In any case, you can invest in:
- Bitcoin
- Litecoin
- Ethereum
- Ripple, and more.
Account Types
If you didn’t realize through all of the facts this is a scam, here are some other clues. Firstly, you can check Reddit comments about this firm.
But another clue is that the company doesn’t offer any promotion, which is generally the case with licensed exchanges. Once you trade higher volumes, you get better conditions. But with this scam company, that’s not the case.
Mobile Trading App
Of course, without dedicated mobile trading apps, you can’t trust any brokerage. Especially if they only offer web-based platforms like BiteBTC scam crypto exchange. But to find out why you should look for a reliable software choice, read our Lewcoin review.
Demo Account
Understandably, every scam firm is hiding its trading conditions and doesn’t offer a demo account. But in any case, we suggest you look for Tier 1 licensed exchanges and avoid any irregularities.
In any case, before you start trading with this firm, check Tokenlab BiteBTC fees.
Education
Another key fact is that this crypto exchange doesn’t offer any education about cryptocurrencies. This is highly suspicious, considering the volatility of cryptos. Not to mention, these features are not predictable either. But to see what education features not to trust, check our Vlom review as well.
BiteBTC Withdrawal
According to many BiteBTC reviews, many traders were facing withdrawal problems. Since the company is not offering a transparent withdrawal policy, nothing more is expected.
So, you can expect a wide range of problems with this firm. Primarily verification and AML law issues. But also, non-existent fees and taxes you have to pay. All in all, every downside of unregulated crypto exchange is present here.
Customer Support
If you were looking for ways to get in touch with the company’s representatives you can expect a lot of trouble. In the first place, they don’t offer any kind of support options, which is quite surprising. Yet, they expect you to believe they are going to handle your money well.
Key Information To Consider About BiteBTC
As one of the first warning signs, we can list the awful reviews about the company. Literally, every single person involved with this firm was scammed. Of course, without regulations, nothing more is expected. In any case, with such an anonymous and mysterious approach, you can only expect problems. Especially during withdrawal procedures.
That’s why we have a refund team prepared to help you with any obstacle you are finding. The only thing you have to do is book the first free consultation. No obligations, no hidden fees, or anything else. Get in touch today and find out everything you need to know on how to get your money back.
FAQ Section
What is BiteBTC?
BiteBTC is an anonymous scamming crypto exchange that has been manipulating crypto investors all over the world since 2017.
How Much Volume Does BiteBTC Have?
Currently, the BiteBTC crypto exchange has just over $1M in the trading volume. Compared to some Top-Tier licensed exchanges, this is peanuts.
Where is BiteBTC Located?
To be honest, this firm doesn’t reveal it’s headquarters. But regardless of their office address, you can get your money back quickly. Get in touch to find out how.
