BitAlpha AI Review: Why Is This Provider Shrouded In Mystery?
BitAlpha AI is supposedly an automated Bitcoin trading platform that combines traditional cryptocurrency trading techniques with modern methods. The provider claims to use AI technology and algorithms to manage crypto trades and provide trading signals.
Allegedly, this company is operated by a group of professional traders with decades of experience in the cryptocurrency market. What we’re interested in, for our BitAlpha AI Review, is whether this provider is safe.
|Regulated by:||No Regulation|
|Is This Company Safe?||No|
|Have Warnings from:||N/A|
|Minimum Deposit:||250 USD|
|Free Demo Account:||Not Available|
|How to Withdraw from This Company?||Since this company is unlikely to return your money – contact your bank, Financial Regulator, or simply Reach out to us for professional assistance in recovering your funds.|
Legal Info: Is BitAlpha AI Legit or a Scam?
BitAlpha AI is classified as a crypto affiliate campaign, which is a type of business that doesn’t require regulation. That’s precisely why such providers are risky, especially if they are engaged in crypto trading.
We know nothing about this company – no address, company ID, phone number, etc. Some sources claim that this platform was founded by professional traders but we cannot confirm it. Other BitAlpha AI reviews go into detail on this provider but they all seem rather similar.
The sources also mention that this firm is partnered with reputable and regulated brokers, but the website itself doesn’t mention a single one. Nevertheless, our verdict here is that you shouldn’t be trading on an unregulated platform such as BitAlpha AI or axiom-trade.
Instead, find a transparent and honest broker with a renowned license, issued by the likes of the FCA (UK), CFTC (US), ASIC (Australia), IIROC (Canada), CySEC (Cyprus), BaFin (Germany), etc.
Who Are BitAlphaAI’s Victims?
According to godaddy.com/whois, the BitAlpha AI website domain was created on May 5, 2022. Since then, it seems that this provider has primarily been interested in offering services to traders in the following countries:
- United Kingdom;
All these jurisdictions have different but strict regulations in force when it comes to the financial market and virtual assets such as cryptocurrencies. A mysterious indie provider like this company has no business offering services in these domains, especially not in the UK, which is known for featuring pretty heavy crypto regulations.
If you lost money to BitAlpha AI, please book a free consultation with us and tell us more about how it happened.
We searched far and wide and ended up on scamadviser.com. There we found two reviews of BitAlpha AI and guess what, both are complaints.
These unfortunate traders expressed their frustration in the reviews by claiming that they had been scammed by the crypto provider. Such scenarios are pretty common when trusting unregulated entities with money.
This is a scam website created to scam innocent victims, which collects money in the name of “Seconds future contract” into the crypto market and promises big returns. Once you put the money, and start the profit plan, things will first look green with your account balance increasing rapidly. But when you want to withdraw the same is when the problem starts, they ask you to pay more money in one form or the other stating its tax, commission, risk removal of money…
Scamadviser user, December 27, 2022.
They are dedicated to opening websites with different names (bitbank, bitbankpro, bitbankplus…) offering high interest for your cryptocurrencies, they close the websites every 4/5 months and keep the funds…
Scamadviser user, March 30, 2023.
Trading Platforms Available
BitAlpha AI is supposedly providing the following concept – setting up an account on the BitAlpha AI platform, connecting with regulated brokers, and using the automated trading features to execute buy and sell orders in the cryptocurrency market.
The platform aims to help users take advantage of market trends and opportunities without the need for manual trading. However, we don’t know which “regulated brokers” BitAlpha AI is partnered with, which makes the whole thing rather shady.
That is why we don’t recommend you trust this company with your money, especially considering that two traders have already come out, saying that they were scammed.
Available Trading Assets
BitAlpha AI supports a diverse range of cryptocurrencies that can be traded. Here are some of the crypto tokens that are mentioned as being available on BitAlpha AI:
- Bitcoin (BTC);
- Ethereum (ETH);
- Litecoin (LTC);
- Ripple (XRP);
- Shiba Inu (SHIB); etc.
Additionally, the platform also offers leverage trading with a leverage ratio of up to 1:1000. That is utterly insane given that the regulatory limits for crypto trading range from 1:2 to 1:5.
Super-high leverage is a double-edged sword that often tilts toward the losing end so be careful. Scammers such as bizztrade are known for offering high leverage.
Having trouble getting your money out? We can help you recover your funds.
Bit Alpha AI Withdrawal Process
BitAlpha AI offers multiple payment methods for users to deposit funds into their trading accounts. Here are the payment methods mentioned:
- Credit/debit cards;
- Wire transfers;
It’s important to note that while BitAlpha AI accepts these payment methods, individual brokers and financial institutions may have their own fees, processing times, and requirements for each payment method.
And since we don’t know which brokers we’re dealing with, we cannot determine the fees in advance, making the whole process more difficult. The minimum deposit for BitAlpha AI is 250 USD.
Key Information To Consider About BitAlpha AI
To sum up, BitAlpha AI is a virtually anonymous crypto affiliate campaign. Active since 2022, this provider has mainly been offering services to traders from the UK, Germany, Japan, Mexico, and France.
Our verdict is that BitAlpha Ai is a fraudulent platform, which you should avoid. If you fell victim to the BitAlpha AI Scam, please book a free consultation with us. We shall explain to you how the chargeback procedure works and gladly guide you through the whole process. Make haste!
Book your consultation today and start the chargeback process.
What Is Bitalpha AI?
BitAlpha AI is a crypto affiliate campaign. This provider is virtually anonymous, i.e. there is no info about BitAlpha AI’s legal background.
Is Bitalpha AI Legit?
BitAlpha AI is not legit. Two traders explained how they got scammed by this platform. If you are a victim, call us as soon as possible. We can help.
How Can a Trading Platform Like BitAlpha AI Help?
BitAlpha AI is supposed to hook you up with a reliable broker and enable you to trade crypto. However, this provider doesn’t mention any specific broker whatsoever.