Bit Times considers their platform to be a world’s main place for buying and selling digital currencies. As secure and reliable as they attempt to appear, the entire scheme is so badly designed that you just instantly determine it out for a rip-off. 

The blacklisted entity is completely mentioned in our Bit Times evaluate beneath, so learn it totally and see why BaFin has this crypto supplier labeled as fraud.

Regulated by:	Unregulated Crypto Exchange
Is This Company Safe?	No, this blacklisted web site shouldn’t be secure for crypto investments!
Known Websites:
Have Warnings from:	BaFin
Registered in:	Mongolia
Operating since:	2022-04-06
Trading Platforms:	Web
Maximum Leverage:	1:500
Minimum Deposit:	N/A
Deposit Bonus:	Not out there
Trading Assets:	Crypto (BTC, ETH, LTC, XRP)
Free Demo Account:	Not out there
How to  Withdraw from This Company?	Bit Times is a fraudulent web site and you have to skilled authorized assist to get a refund. Contact us for such companies.

Untraceable Scam

The anonymous firm established in 2022, behind the Bit Times web site, doesn’t reveal any of its company info. 

Some clues we’ve discovered counsel the bodily location of the agency to be Mongolia. If you search the Mongolian Central Bank for this entity, you’ll not discover it amongst regulated service suppliers.  

Trying to dig up any data a couple of license, we went by a number of Tier 1 registers. One BaFin warning on this unauthorized crypto platform. FCA, CySEC and NFA personal no information on it.

Chinese language being the default possibility may counsel one other headquarters location, however search reveals that SFC has by no means licensed them, both.

Their numerous regulatory breaches are evident, as we’ll present you additional on this evaluate. This type of conduct may cause regulated corporations to lose their license, which is strictly what occurred with 24Option.

Lies About Company Age

The alleged 5 years of expertise marketed on bit-times.web is a whole fallacy. As you may even see on WhoIs, the area was launched in 2022, with the principle targets being these nations:

• India 
• United States 
• United Kingdom 
• Nigeria 
• Philippines

The boiler room brokers behind the platform use WhatsApp to get new shoppers to hitch. They contact their victims by chat messages, and spew nonsense about but unknown monetary channels and nice alternatives. If that doesn’t work, a pig butchering rip-off unfolds by a pretense of a loving and trustful relationship.

Get in contact with our specialists for those who need assistance with Bit Times withdrawal.

Fewer But Disturbing Experiences

Although no evaluations on this crypto fraud are posted but on the well-known evaluate websites, there’s nonetheless individuals who share their experiences on-line. 

For instance, one sufferer of the sham has written a radical report on Reddit. It explains how they acquired dragged into the rip-off, so that you too ought to learn it and see how far the con artists are prepared to go. 

Hidden Fees And Humongous Leverage

While we couldn’t discover any related details about charges, fee or different prices, what we did discover will shock you. This agency affords buying and selling of cryptocurrency derivatives, with leverage of 1:500 in a way much like Cryptorocket, one other on-line fraud.

This is means past something any strict regulator would enable. For comparability’s sake, crypto leverage within the EEA is about at 1:2, with the utmost of 1:5 in US and Canada.

Seemingly Rich Offer Of Services

No doubt that the swindler tries laborious as a wannabe crypto change to appear legit. An possibility to purchase and change crypto but additionally commerce underneath leverage is marketed however out there through a defunct software program. The variety of out there property is kind of restricted and no account varieties are offered.

Doctored Trading Software

Trading platform is a straightforward and borderline ineffective net dealer. It sports activities solely the straightforward instruments together with order limits, one click on buying and selling, and choices to purchase and promote property.

Pricing info is from the change operators themselves, which lets them edit the market information nonetheless they appear match. It’s a identified fraudulent technique utilized by Blu Exchanger as properly.

Unsafe Mobile App

Mobile apps are allegedly out there, however once more solely by the change and their very own QR code. The swindlers declare to have an app of top of the range, however after we tried to obtain our antivirus reacted to the set up information. We don’t advocate putting in this software program as a consequence of danger issues.

Banned Trading Instruments

The majority of Bit Times buying and selling devices are unlawful. Besides the cryptocurrencies, these embody leveraged buying and selling of crypto CFDs and crypto binary choices, each of that are banned in most jurisdictions.

The number of property is miniscule, with 7 crypto cash in whole:

• Cryptocurrencies (BTC, ETH, EOS, BCH, HT)
• Cryptocurrency CFDs (BTC/USDT, ETH/USDT, DEX/USDT)
• Cryptocurrency Binary Options (BTC/USDT, ETH/USDT, EOS/USDT)

Strange Login Requirements

There is however a single essential account for Bit Times login, and though it’s possible you’ll in concept create any variety of sub-accounts, a demo shouldn’t be included.

Clients are required to create a sub-account for various buying and selling methods, however these maintain no advantage to the shopper themselves. They solely exist to let the fraudsters rack up charges by inner transfers.

Anonymous Transfers Enforced

As every other typical crypto sham, this shady platform solely lets you deposit and withdraw in crypto. That is, in the event that they even enable withdrawals. 

It’s identified how reluctant these con artists are in relation to enabling payouts. Anonymous and untraceable, these investments are extraordinarily laborious to trace and restore. 

For assist with that, you’ll be able to confer with our authorized assist specialists who can offer you the information and authorized assist on tips on how to do it.

Disinterested Support

To restrict your potential to get in contact with rip-off brokers, the Bit Times assist is simply out there through an e mail and whatsapp channel. Needless to say, this facet of their conduct additionally closely lacks transparency and honesty. No cyber felony will will let you monitor and make contact with them except they need so.

Don’t Let The Scammers Get Away!

What we’ve here’s a run-off-the-mill fraudulent web site. Everything about it raises suspicions, from poor web site design, over the dearth of essential info and to the extraordinarily excessive max leverage. Many former customers of this platform testify that Bit Times is in reality a romance rip-off.

The con artists behind this firm don’t intend to return any of your cash. Don’t allow them to get away with their crimes! Get in contact with our professionals by the stay chat, and guide your free session at the moment.

FAQ Section

What Is Bit Times?

Bit Times is an unscrupulous crypto platform with out a license to conduct this sort of enterprise.

Is Bit Times Legit?

No, this nameless crypto supplier is confirmed to be unlicensed by the German regulator- BaFin.

What does Bit Times supply?

The change affords the likelihood to purchase, change and commerce leveraged crypto merchandise.

How a lot is Bit Times’ withdrawal payment?

Such info is stored secret. If you’re having points on this area, please contact us for efficient authorized assist.