Bitmintex Review: Kicking Off Our Review With Facts
Do not take Bitmintex for a legitimate crypto exchange. This platform is actually a cyber trap that is supposed to “trap” traders’ funds so that the criminal(s) operating it can steal them.
We intend to prove our strong claims in our Bitmintex Review using valid arguments but more importantly, facts! Bear with us as we expose the illicit trading scam. Also, learn how you can recover your funds from this platform.
|Regulated by:||Unregulated Crypto Exchange|
|Is This Company Safe?||No|
|Registered in:||UK (allegedly)|
|Minimum Deposit:||0.003606 BTC (~ 100 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 Bitmintex Legit?
Bitmintex’s website claims that this exchange is operated by Crypto Arby Trade Limited. We looked up this company in the UK Company House register and found out it had been dissolved in late December 2022. However, the shady website was created in June this year.
That fact alone prompts us to believe that the out-of-business company had nothing to do with the exchange. Neither of the two entities is in the Financial Conduct Authority’s register, meaning that their status is ‘unlicensed’.
Trading on an unregulated crypto exchange, or a Forex platform such as 70Trades, is pretty risky. Headaches are guaranteed, plus recovering funds from such schemes can be a downright nightmare. Therefore, please avoid this platform and instead try to find a licensed provider.
We recommend entities that are licensed to operate under the jurisdiction of top-tier financial market authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc.
European regulators, for instance, require firms engaged in the financial market to compensate their clients in case of insolvency or suspicious losses. The amount of money traders can receive from these compensation schemes can be as large as 20,000 EUR.
Need help finding the right platform for you? Do not hesitate to contact us.
Who Are The Trickter’s Targets?
According to godaddy.com/whois, the bitmintex.com website domain was created on June 7, 2023. Since then, the bogus platform has been targeting mainly unsuspecting traders who reside in the following countries:
- United Kingdom;
Needless to say, Bitmintex has no authorization to offer services under these jurisdictions. The regulations in force in these countries are pretty heavy. Should you choose to invest money in this platform, you cannot count on regulatory help or compensation.
There are no trader reviews. Moreover, several websites such as webparanoid.com and scamdoc.com gave the website an awfully low trust score. These sites also show that the traffic on Bitmintex’s website is extremely low, thus debunking the fraudster’s claims of having 54,100 active traders.
Which Trading Platform Is Available?
The available trading platform is browser-based. It features a wide range of popular cryptocurrencies that can be traded against US Tether. Also, the exchange promises spot trading but the website page cannot be accessed unless one registers a live account.
Although beginners may find the online trading terminal easy to comprehend, more seasoned and experienced traders will find simple charts and graphs ineffective. Advanced tools and options such as automated trading, and live market reports are missing. Bitmintex does not support recognized third-party software such as MT4, MT5, or cTrader.
Trading volatile assets such as cryptocurrencies is extremely risky so you should not be relying on an unregulated exchange that received terrible trust scores. Stick to regulated providers that operate by the book.
Unable to withdraw your funds from this platform? We can help you retrieve your money.
The outlined fee structure is based on the trader’s 30-day trade volume, with both maker and taker fees decreasing as trading volume increases.
Additionally, the website promises cashback incentives, with cashback percentages varying depending on the trading volume level. This fee structure has been designed to reward higher-volume traders with lower fees but we doubt its legitimacy.
The minimum deposit is 0.003606 BTC (or the equivalent value of any other cryptocurrency), which is around 100 USD. The deposit fee is around 1 USD.
Deposit and Withdrawal Process
The financial swindler claims that crypto can be bought on this exchange using credit/debit cards and bank transfers. Is there any way to get the deposited funds back from scammers such as Bitmintex and RealFXPro?
Sure there is. The exchange is unlikely to fulfill your withdrawal request, which is why you must request a chargeback in case you deposited via MasterCard and VISA credit/debit cards or a recall if you paid through a wire. You can do so at your issuing bank within 540 days but it is best you seek out professional help. We proudly offer our expert services.
Key Information To Consider About Bitmintex
To sum up our review, Bitmintex is an unregulated crypto platform that has been active for a couple of months, even though the company allegedly behind it has been dissolved. The main targets of this con artist are traders from the UK, Germany, France, Sweden, and Romania.
This scammer has attempted to provide services to traders in multiple countries despite not possessing the necessary regulatory approvals, thus placing investors at substantial risk. Moreover, the platform’s low trust scores, withdrawal issues, and lack of support for popular trading software further tarnish its credibility and reputation.
Our verdict is that this exchange is nothing but a hoax. You should report it to the authorities, particularly the Financial Conduct Authority (FCA) since the fraud is hiding behind the name of a former UK company. It is important to warn fellow traders about this unscrupulous crypto scheme.
If you have lost money to the Bitmintex Scam and cannot retrieve it on your own, we offer our professional services and assistance. Book your free consultation with Scam Brokers Reviews today!
Let us know if Bitmintex scammed you.
What Is Bitmintex?
Bitmintex is an anonymous crypto exchange scam that uses a rigged platform to defraud traders.
Is Bitmintex Legit Or Scam?
Bitmintex is undoubtedly a scam. If you invested money in this platform, we can help you recover it.
How Does Bitmintex Work?
Bitmintex is disguised as an online crypto trading platform and wallet. In reality, the website has been designed to steal money from users.