Bitlerz Review – Should You Trust Anything To This Exchange?
In the first place, we have to mention that this investment firm is absolutely anonymous. None of the reliable details are presented to clients, starting with owners, headquarters or trustworthy contact details.
These are just a few of the irregularities that this Bitlerz review presents you with. But if you keep reading you’ll find also their darkest secrets.
|Regulated by:||No regulations|
|Is This Company Safe?||No|
|Have Warnings from:||N/A|
|Trading Platforms:||Web-based platform|
|Free Demo Account:||No|
|How to Withdraw from This Company?||With web design exactly the same as 2 with companies exposed as frauds, you can’t hope for a withdrawal. Instead, you should apply for refund options immediately before it’s too late.|
Legal info: Is Bitlerz Legit or a Scam?
As with any other trusted exchange, you would expect bitlerz.com to operate with a license. Yet, none of the trustworthy institutions have issued it. We’ve checked them all, starting with the FCA, BaFin and ASIC as the most trusted ones.
Considering the lack of regulations you can’t expect any promises from the company to be truthful. Especially if they are hiding their ownership details. All in all, the company is not obligated to comply with any rules. Therefore, prepare your nerves for a rollercoaster.
Who are Bitlerz’s Victims?
It seems that this company registered multiple domains around the same date. According to who.is, you will see this company was first created in April 2023. Research shows that the exchange mainly targets the following countries:
But if you are also a victim of this exchange or any copy-cats they have, contact us for refund assistance. Two known brands with the exact same T&Cs are bittup24.com and xafexbit.com. Yet, to understand how to avoid these things, read fully our Coin2FX review.
One of the key warning signs is the Bitlerz reviews. Actually, there are only a few of those available on Trustpilot. Yet, the real picture is given and you can definitely see why not to trust this company. Out of 8 comments, already 40% come with the worst rating.
Seems like the company was using a malware or a malicious software to access victims’ data. Be careful with trusting any unregulated firm. But if you already have, feel free to book refund consultations with our experts.
The company has two levels of fees. The regular ones and premium ones. Both maker and taker fees are fixed at 0.2%, while the Premium account holders can get 0.14%. Not a big difference, especially seeing other regulated companies offering far less.
Bonuses are always a nice way to trick investors into depositing more money. Ultimately, you end up sending them real money in exchange for virtual credit. That’s not quite a smart deal.
Just be aware of the bonus policy and don’t accept anything you don’t understand. But to equip yourself with knowledge, read our Profit Trade review as well.
Bitlerz Trading Features
All the features of this exchange are based on manipulation. Without regulations, whatever this firm offers you becomes questionable, starting with their platform and conditions.
Trading Platforms Available
Reliable exchanges offer trusted apps with download options. In the case of Bitlerz, you can only access your account through the browser. Not quite a convenient method knowing that the company can manipulate everything on its platform.
Available Trading Assets
All the assets on the platform are presented in correlation with the USDT. Even though they offer the most popular choices, data reliability is not at the highest level. Anyway, some of the options are:
As mentioned, traders can choose between Regular and Premium accounts. However, the requirements for those are not revealed by the company. Most likely, once you deposit their desired amount of money, you will be informed about some benefits.
Mobile Trading App
More warning signs are coming with a lack of trusted mobile apps. If you look at any other legitimate exchange you’ll recognize them by the app. But, with this exchange, that’s another missing feature that should keep you away from them.
A demo account is not something clients can use with this firm, even though the access to the platform is free. But without a transparent approach, you shouldn’t even register with this company.
Knowing what you are doing with your money is the key to success in trading. If you don’t understand it and you trade relying on luck, you may as well try roulette. That’s why legitimate companies offer you a wide range of educational products. Yet, with this one, that’s not the case.
You could already see from reviews that withdrawals are a nightmare. Especially since the company doesn’t reveal withdrawal fees, yet, they mention to have those.
Moreover, none of the withdrawal methods or processing times are known to customers. Therefore, there is plenty of space for manipulations.
Another weak point of this firm is its support. In fact, it’s only available via e-mail. While other contact features are not publicly available.
Yet, once you become their client you can expect encrypted contact services. Of course, to still hide their identity. Be sure, that at one point, this company will stop responding to your requests.
Key Information To Consider About Bitlerz?
In the first place, there is a lack of transparency. Whether about owners, commissions, fees or anything else. Moreover, they are using highly suspicious software. Not even the reviews are promising.
All in all, not a company worth the trouble. But if you were already their victim, don’t worry. Our refund specialists are even equipped to track crypto transfers with our CipherTrace technology. Be the first one to see it in action. Book your free consultation now!
What Is Bitlerz?
It’s an anonymous crypto exchange that is offering fake crypto investment services on multiple domains.
Is Bitlerz A Scam Or Legit?
The company is an absolute scam. Other brands are also exposed. So, if you were a victim of any of those, feel free to contact us for refund assistance.
How to make a currency withdrawal on the Bitlerz exchange?