Generally, we can’t expect much from a company registered in January 2024. However, there are too many legitimate examples of how trusted firms operate. Sadly, this exchange didn’t follow them. Instead, they continued using fraudulent platforms to scam traders worldwide.
How can you be sure about it? Simply check other domains like bedebit.com, and you will see a lot of similarities. But for more clues, if you see some company for the first time, read this BITXLUX review carefully.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings From: | N/A |
| Registered In: | N/A |
| Operating Since: | 2024 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | N/A |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptos |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | With multiple similar websites running, this firm appears to be scamming all over the world. With zero transparency and credibility, you can forget about clean withdrawals. In case you experience issues with it, contact us for refund advice as soon as possible. |
Legal Info: Is BITXLUX Legit Or A Scam?
When a company presents itself as the most convenient platform for crypto investing, you immediately expect safe services. Thus, safe services are considered to be backed up by trusted licenses, such as the ones issued by FCA, CFTC, SEC, ASIC, BaFin, or similar authorities. Of course, this company doesn’t have any of those.
Not to mention their T&Cs, fees, platform, and everything else is hidden from the public. This way, they are forcing individuals to register with them and that’s when the harassment starts. On top of all, there are zero BITXLUX reviews available even though the company claims to have more than 3 million verified users.
Who Are BITXLUX’s Victims?
According to the company’s domain age, they have been around since January 2024. Fairly, for any online business, that’s more than enough to build a reputation. The problem with this is that the company targets all countries that require strict regulations for any investment firm. In this case, those countries are:
- Germany
- Bulgaria
- Netherlands
- Austria
- Sweden
The same applies to EU Finance and NBI Markets companies, where regulations are missing. Therefore, traders can only expect a lot of manipulation. Luckily, there’s a way out. If you get tricked by any of these firms, reach out to our refund team as soon as possible for detailed guidance on how to recover your money.
Leverage, Commissions, Spreads, Fees and Taxes
The only detail transparently advertised is 0% commission trading. However, all other fees and conditions remain a mystery for the public. But even if you register with BITXLUX exchange and get access to those details, you shouldn’t trust it. After all, without a license, all that might be manipulated.
Bonuses
Overall, crypto exchanges offer bonuses during ICOs. In general, those are small amounts that motivate traders to invest in altcoins. However, with the BITXLUX crypto exchange, such promotions don’t exist. At least not transparently.
BITXLUX Trading Features
According to the company’s presentation, there are numerous trading options available. Starting with spot, futures, and options trading, instant swapping features, P2P trading, staking, etc. Also, the company offers crypto wallet features. But we wouldn’t recommend you use any of these.
Trading Platforms Available
Crypto exchanges usually offer trusted apps for most of their trading activities. However, it’s always a good option to have a desktop platform as well for those taking trading seriously.
Unfortunately, without the BITXLUX app for desktop devices, traders can only rely on their web-based one. This is certainly not the most convenient option, especially when the company is not licensed.
Available Trading Assets
As can be seen, the company advertises access to more than 150 cryptocurrencies. However, you won’t be able to confirm that before completing the BITXLUX login procedure. Anyway, the advertised options are:
- Bitcoin
- Ethereum
- Dogecoin
- Bitcoin Cash and many more.
Account Types
Widely popular options among exchanges are VIP programs that include lower trading fees for traders. But only for those who have higher trading volume. Fairly, it’s a win-win situation. However, with this company, such options don’t exist.
Mobile Trading App
Even though the exchange advertises crypto wallet features, the mobile app for it doesn’t exist. Surely not something you would expect from a company featured in Bloomberg, Forbes, and NewYorkTimes. Oh yes, they were not. It is another lie.
Demo Account
If the company wanted to offer us a demo account, we would have free platform access in the first place. Sadly, that would expose all the platform flaws. But most importantly, conditions for spot and margin trading.
Education
Generally, there are zero educational programs available with this exchange. But even if they offered some, could you trust them? After all the misleading details, definitely not.
BITXLUX Withdrawal
Since the company mainly promotes cryptocurrencies, you can only expect cryptos as the BITXLUX withdrawal option. But get ready for surprises since processing time and fees are not revealed. It all smells like a big farce. Luckily, there are ways around it as well.
Customer Support
Important to realize is that BITXLUX scam company offers zero contact options. Possibly, when you sign up, you’ll be contacted via Telegram or WhatsApp. But only because of encryption features. All in all, not something convenient for any investor.
Key Information To Consider About BITXLUX
With unregulated services, hidden platforms, and hidden trading conditions, there’s nothing to hope for with this exchange. After all, the company has been manipulating traders with fictive details, primarily about trading volume and the number of active traders. If that was the case, we could see some BITXLUX reviews.
Unfortunately, getting trapped by swindlers can be quite frustrating, especially if you don’t know how to get out of it. Luckily, our refund experts know, and that’s why they offer a free first consultation. Get in touch right away to book yours.
FAQ Section
What is BITXLUX?
BITXLUX is an anonymous crypto exchange that has been active since January 2024.
Is BITXLUX Legit?
No. The company doesn’t have any DASP/VASP license issued by any regulator not to mention top-tier ones.
What is CipherTrace?
CipherTrace tool is widely used for crypto tracking and our refund specialists use it in the refund process when victims get scammed via crypto. For more details, contact us.
Source:
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