BITETHS Review – Labyrinth Of Lies, Empty Promises And Falsified Documents

We weren’t in the least impressed by the quality of the website behind this fraud. It’s not particularly well done, with low resolution graphics, and broken English everywhere. The trading platform has proven to be completely unreliable, and the asset selection is slim.

The main issue is the lack of any transparency, however. See the remainder of our BITETHS review to learn more about the pitfalls of dealing with unlicensed entities.

Counterfeit License Certificates

The most important thing about any financial services provider, which as of late includes cryptocurrency exchanges, is the regulation and strict adherence to the law.

BITETHS is as far from legitimate as these firms get. The company has already been blacklisted by MFSA and IOSCO for their predatory behavior.

The major financial safety risk with this exchange is that they offer a leverage up to 1:200. This is a clear breach of regulations in Europe and North America, where regulatory bodies have imposed a crypto leverage restriction of 1:2 and 1:5 respectively.

The company claims to have FINTRAC and FinCEN licenses, but these agencies don’t regulate crypto service providers. Furthermore, the shown license certificates are counterfeit, and the company is not authorized by FINMA, FSMA, BaFIN, FCA, NFA or any other regulator for that matter.

Nobody Is Safe

In order to emulate a long standing firm, biteths.com holds a trademark dating back to 2020. This is another falsehood, as the WhoIs database clearly shows that the site was launched in 2022.

The fraudsters are most active in these regions:

• United States
• United Kingdom
• Italy
• Indonesia
• China

The boiler room agents employed by this firm use the so-called romance scam strategy. It is as devious as it sounds- agents pretend to be romantically attracted to the victim, and ask for ever increasing amounts of money.

The biteths.com platform only offers a pretense of trading, and no withdrawals are ever possible, however. There is still a way to recover your assets, though, so get in touch with our chargeback experts.

Unanimously Bad Reviews

You know how they say that there is no bad publicity? Well, you will change your mind when you see the BITETHS reviews on TrustPilot. There may be only a few reviews to read, but they are all 100% one star ratings posted as a warning to keep people from falling for the scheme.

Leverage Ramped To Extreme

You won’t find any information about different trading costs, no matter how hard you look. The structure of different fees, commission, or other charges is completely absent, just like with Exobit.

We were only able to find out that the leverage can go up to 1:200, which is, as we already mentioned, a breach of regulatory standards.

Severely Lacking In Information

Everything a trader should know before they invest is simply omitted from biteths.com. The platform only advertises a trading app, and some of their instruments. Even these advertisements are not completely true, as you will see a bit later.

Ramshackle Trading Platform

The main trading platform with this exchange is a web trader. The quality of this app is quite poor, and it only features a few basic functions.

While it uses charts from Tradingview, whoever designed the app managed to screw this up as well. BITETHS platform is laggy, slow and oftentimes simply skips the order, or loses connection to the server.

Mobile Malware

The alleged “impeccable” mobile software, the proprietary BITETHS App, is a piece of malware. It isn’t available through any reliable source like Google Play or App Store. When we tried to download it by scanning a QR code on biteths.com, our antivirus quickly stopped the operation.

Banned Financial Instruments

There are no more than 30 different tradable assets to be found with this exchange. This is microscopic compared to the tens of thousands of coins available with reputable exchanges.

Among other assets, BITETHS offers cryptocurrency binary options, a banned crypto derivative.

Clients may trade these instruments:

• Cryptocurrency pairs (BTC/USDT, ETH/USDT, EOS/BTC, WTC/ETH)
• Cryptocurrency perpetuals (BTC/USDT, ETH/USDT, DOT/USDT, DOGE/USDT)
• Cryptocurrency binary options (BTC/USDT, ETH/USDT, EOS/USDT)

Zero Data On Trading Accounts

The company doesn’t disclose any conditions pertaining to BITETHS login. There is a single account type available, and no information about it.

Creating an account requires a referral code from one of the agents, and since we didn’t have one, we couldn’t complete registration. It’s all created in such a way to block access to any outsiders, and only let the actual victims access the trading information.

Unknown Withdrawal Channels

What really alarmed us is that this firm does not advertise any financial channels. Nothing is said about how you may deposit to, or withdraw from the platform. 

Judging from the user testimonials, BITETHS withdrawal was never an intended function. Getting the money out of this exchange requires legal action. Get in touch with our chargeback experts via the live chat to start a chargeback.

No Way To Contact Them

Your only methods of contact are by sending an email, or through the contact form. There are no live support options, so forget about phone or live chat. Once you have deposited with the platform, you’re on your own. Nobody cares about your experience or the problems you might encounter.

Pull Out Your Money Before It’s Too Late!

This crypto platform is based on lies and deceit. The company is not authorized to provide any of their services, and the legal info on their website is falsified. So far, the exchange has been blacklisted by two regulators.

For BITETHS withdrawal, you need to start legal action. Fight back for your money! Use the live chat option on our website to book a free consultation with our legal professionals.

FAQ Section