Bit HiveX Review – Key Features, Costs and Flaws Of This Exchange
The official ownership belongs to Bit-HiveX GROUP LIMITED. According to the company, this group was created in 2015. However, their domain is only active since May 2023.
With lies like these, you can’t expect much from a company, especially not the one that offers crypto exchange services. For this reason, we encourage you to read our Bit HiveX review carefully and protect yourself from scammers.
|Regulated By:||No Regulations|
|Is This Company Safe?||No|
|Have Warnings From:||N/A|
|Registered In:||Germany (allegedly)|
|Trading Platforms:||Proprietary app|
|Deposit Bonus:||Not available|
|Free Demo Account:||Not Available|
|How To Withdraw From This Company?||With 100% negative reviews you can definitely expect withdrawal problems. In such cases, you should contact our chargeback team immediately.|
Legal Info: Is Bit HiveX Legit Or A Scam?
The company claims to operate without violation of any UK laws. However, that’s not enough for experienced investors. The company must be licensed.
In the case of crypto, the company should have a VASP license or a local regulation. But Bit HiveX doesn’t have any. Starting with UKs FCA, Australian ASIC and German BaFin.
One of the key warning signs is BitHiveX reviews. Out of 14 comments on Trustpilot, 100% of those are negative. In general, all the comments point out the same issue – withdrawal.
After all, there’s a Reddit post with the same issues. If you were one of their victims, feel free to share it with us. Ultimately, you can book a consultation with our refund team for more options.
Who Are Bit HiveX’s Clients?
Since the company started in 2023, not 2015, they target very strict countries. Primarily ones with high regulatory requirements. In the case of Bit-Hivex.vip those countries are:
- United Kingdom
- United States
In case you need advice for withdrawal issues, our refund team is available for consultation. Contact us today.
Investment Costs With Bit HiveX
For a company that claims to be registered in Germany, they have quite mysterious investment conditions. Therefore, we are not surprised by the poor Bit HiveX ranking. The company doesn’t reveal any transaction or withdrawal fees.
According to the company’s website, there are no active promotions for bonus funds. But without precise regulations, this company can offer you anything they want. Most importantly, it can all be fictive.
Bit HiveX Trading Features
Why Bit HiveX trust rating is low is their poor transparency. But also quite an uncompetitive trading software. Even though they offer proprietary apps it can’t be trusted without a license.
Is Bit HiveX Legit?
Only in a dream. The company operates without a license and transparent trading conditions. Not to mention deposit or withdrawal policies. After all, there are unreliable contact options and ownership details. Practically, everything about this company smells like a scam.
Available Trading Assets
As expected, this crypto exchange offers the most attractive crypto assets. Thus, you shouldn’t rely much on the data presented about those assets. After all, they offer unreliable app. Anyway, some of the most popular assets are:
- Bitcoin Cash + many more
Surprisingly, Bit HiveX doesn’t offer any account types. Therefore, traders can’t get any financial benefits from depositing more money. But don’t let yourself get tricked by those. Because some brokers might offer it and still end up scamming you. One of the examples you can see in our ZES Forex review.
Mobile Trading App
As mentioned, the company indeed offers a mobile app. Whether you are iOS or Android user. However, the reliability of the app is questionable. Primarily because of already-proven lies. But also because of the low trust score.
Unfortunately, a demo account with the company is not available. In the first place, because the company is obviously hiding many things. Otherwise, nobody would invest in them. If you are interested to learn more tricks brokers are using, read our 70Trades review.
Another poor thing about this company is that they don’t offer any educational program. Therefore, Bit HiveX trading is not for beginners. Or the contrary. They want you to lack the proper knowledge. Consequently, they can scam you easier.
Bit HiveX Withdrawal
Important to realize is that Bit Hivex exchange doesn’t offer a fully transparent withdrawal policy. With only the USDT funding method available, you know there’s something shady.
Since crypto transfers are irreversible and hardly traceable, that keeps their anonymity on the highest level. Above all, the company doesn’t reveal any withdrawal fees. So, plenty of room for manipulation.
One of the leading signs of the scam is always poor customer support. With this company, you can only chat through e-mail. Thus, if you are looking for a withdrawal you can forget about the response.
Key Information To Consider About Bit HiveX?
Firstly, the company is misleading traders about their registration date. Secondly, they are operating without adequate licensing. Especially for countries like UK or US. Not to mention unknown trading costs and poor customer service options.
After all, only problems are expected with this company. In case you had a bad experience and any withdrawal issues, contact our refund team immediately. Without any obligations and costs in the first meeting, you can get in-detail advice about your next step. So, you decide if you want your money back or not. If you do, contact us now!
What is Bit HiveX?
Bit HiveX is a newbie crypto exchange operating under very shady circumstances and conditions.
Is Bit HiveX a Scam Or Legit?
Bit HiveX is obviously a scam. Also, many negative reviews prove that. If you were one of their victims, don’t hesitate to reach out for assistance from our refund team.
What Are The Trading Platforms Of Bit HiveX?
The company is running a proprietary mobile app for Android and iOS users. Yet, the app has only 5K downloads on PlayStore and a low trust score.