Bitcp Review – Is Their MSB Registration Enough To Be Trusted?
Bitcp Review – Is Their MSB Registration Enough To Be Trusted?

Apparently, the Bitcp crypto exchange has been operating under the name Bitcp Co. LTD.  This entity has been legitimately registered in the US Money Service Business (MSB) register since March 30, 2023. However, some key facts might reveal the bitter truth.

Therefore, we suggest you thoroughly read this Bitcp review to avoid unpleasant surprises. After all, it’s your money at stake if you invest with them. Also, we suggest you read our Nixse and reviews for more clarity on crypto trading.

Regulated by: No regulations
Is This Company Safe? No
Known Websites:
Have Warnings from: MASS
Registered in: US
Operating since: 2023
Trading Platforms: Proprietary platform
Maximum Leverage: N/A
Minimum Deposit: N/A
Deposit Bonus: N/A
Trading Assets: Cryptocurrencies (80+)
Free Demo Account: No
How to  Withdraw from This Company? After reviewing all the company’s services and quite non-transparent business, you can realize there’s nothing good to expect from them. After all, the Bitcp reviews prove it all.  Therefore, if you have money stuck with this company, contact our refund experts for advice on getting the funds back.

Legal info: Is Bitcp Legit or A Scam?

Generally speaking, if the company offered only crypto exchange services, everything would be fine. But that way, they wouldn’t have a way to scam their customers. That’s why they opted for other types of crypto investments, such as contracts and options trading.

Yet, for these, besides the MSB application, they should also have CFTC or SEC regulations. However, they don’t. Consequently, all the investments done with this company become highly questionable.

Not to mention, the company claims to have 900k clients and $5.8 billion in quarterly trading volume. Yet, they have only 13 reviews. Simply, numbers don’t add up. Moreover, the company has been found on the warning list of the Commonwealth of Massachusets.

Who are Bitcp’s Victims?

If the Bitcp exchange was operating legitimately, they would think more about countries where they offer their services. Once you see the list, you will quickly realize they are not authorized to do so. Those are: 

  • United Kingdom
  • Germany
  • United States

With this in mind, you know there’s nothing that would stop these swindlers from taking your money, no matter where you live. That’s why our refund team is there to advise you on adequate refund methods if you can’t withdraw your money.

Traders Reviews

If you are still unsure if you can trust this company, try reading the company’s reviews on Trustpilot. Once you realize there are 100% negative comments, you will quickly decide not to invest in them. Hopefully, you will see those on time.

Anyway, the tricks this scam company is using can be applied to any other unregulated crypto exchange. Keep an eye on non-existent and unreasonably high withdrawal fees. These are clear signs you shouldn’t continue with that journey. But if you did, contact our refund experts immediately for advice.

Leverage, Commissions, Spreads, Fees and Taxes

It’s important to realize that Bitcp coin exchange doesn’t reveal any investment costs. This leaves them enough room to manipulate those and make traders pay more than they would with a licensed company. Nothing else will change your mind if that’s not a sign to avoid this shady company.


On the positive side, using the company’s services doesn’t include any welcome bonus deals. Neither does the company offer any other bonus credits. At least not transparently.

Bitcp Trading Features

One of the important things to consider about this company is the Bitcp wallet. Since it’s all managed by this scam investment firm, can you truly trust what you see in your wallet?  Absolutely not. That’s why it’s all highly questionable. 

Not to mention, they claim to be the fastest and most secure exchange in the world. Thus, none of the advanced crypto investment options are available with them.

Trading Platforms Available

All investment is done through the company’s web-based platform. Whether you want to exchange coins or use contract and option trading features, it’s all online, on the browser. That adds a bit more conspiracy topics to this firm. Especially if you have experienced platform manipulation in the past.

Available Trading Assets

Generally, all the company’s assets can be considered fictional. Logically, if the whole platform is fake, why would you believe that you are purchasing any coins indeed. Anyway, the company’s offer consists of:

  • BTC
  • ETH
  • TRX
  • DOT and 80+ more

Account Types

Usually, with crypto exchanges, you won’t see the classification of some extraordinary account types. But details about minimum requirements and specific promotions would be fair to provide. Yet, this firm doesn’t do that.

Mobile Trading App

As can be seen, the Bitcp app is available for iOS and Android devices. However, if you check the download rate on PlayStore, you will realize that 900k verified users is a pure lie. That’s why regulation makes the key difference in the trading world.

Demo Account

Another downside can be found after completing the Bitcp login procedure. Since the company offers options and contracts trading, they should also offer demo accounts. 

Sadly, you have only two options. To risk the money with them or choose another firm.


If you are not an experienced crypto trader and you decide to trade with this firm, prepare for failure. This company doesn’t offer even a basic educational program. This clearly tells you they want you uneducated so they can manipulate you more easily.

Bitcp Withdrawal

Another big issue with this company is the Bitcp withdrawal procedure. Without transparent legal documents and a withdrawal policy, everything remains a mystery. 

Therefore, if you request a withdrawal, as other traders did, you can expect a wide range of problems. Starting with verification and non-existent fees and taxes.

Customer Support

As can be seen, the Bitcp scam company has been successfully hiding behind the keyboard. To get in touch with their team, you can only do so via live chat. Definitely, that’s not something that would represent a trusted and regulated company.

Key Information To Consider About Bitcp

Firstly, the company’s MSB registration is meaningless. Secondly, the company is misleading traders about the number of active users, trading volume, and security. Lastly, and most importantly, numerous traders reported withdrawal issues with them.

If you realize now this firm is an absolute scam, request a withdrawal immediately. If the company comes up with a non-sense excuse not to approve it, contact our refund specialists. Luckily, even crypto transfers are traceable nowadays and our team will show you how. Most importantly, you can get the first consultation for free. Get in touch now.

FAQ Section

What is Bitcp?

Bitcp is an anonymous crypto investment firm allegedly based in the United States that has been operating since 2023.

Is Bitcp Legit?

No. Even though the company potentially has MSB registration, they are not authorized to provide crypto trading services.

What is CipherTrace?

CipherTrace tool allows institutions to track crypto transactions and prevent illegal activities while our team is using it for refund strategy. For more information, contact us.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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