Coinbitio Review – One Brand is Not Enough For Their Pockets

Coinbitio exchange is operating from who knows where. They don’t reveal any headquarters or address information.  On top of that, the company doesn’t reveal even ownership details. But it’s important that they claim to have top security and insanely high trading volume.

However, Whois wouldn’t agree with that. To see what you can expect from a company registered in July 2023, read our Coinbitio review carefully.

Legal Info: Is Coinbitio Legit Or A Scam?

Coinbitio.com company is operating without any authorization. Generally speaking, crypto exchanges offer security through Digital Asset Service Provider (DASP) licenses. Also, depending on the country, companies can be found in Tier 1 registers like FCA, BaFin or ASIC. But this scam company is far from that.

They are not listed anywhere.  So, all the security and details they offer, become very questionable. You can confirm that by checking their other two domains with the exact same information. For example, bittup24.com and koterex.com.

Who Are Coinbitio’s Clients?

We can’t expect many reviews from a company that exists for 2 or 3 months. However, analytics show that they are targeting rich countries. In the first place: 

• United States
• Cyprus

Keep in mind that both countries have strict regulations. Therefore, you have much better options. But if you already deposited money with this exchange, you can contact our refund team for advice.

Investment Costs With Coinbitio

Important to notice is that the Coinbitio crypto exchange only reveals maker and taker fees. Those are 0.2% for Regular and 0.14 for Premium users. But, the requirements for Premiums are not disclosed. 

Instead of going into the unknown, you can choose a more transparent and reliable company, not Coinbitio trade scam options. If that’s not enough for you, check Reddit comments about them as well.

Bonuses

So far, Coinbitio crypto company doesn’t offer any bonuses. Practically, there’s not even a single feature or offer that can motivate you to deposit here. Only their bogus lies. But to find out how bonuses can easily trick you, read our Trustpac review.

Coinbitio Trading Features

All the trading features are based on lies. With their fictive trading platform, they will present you with different crypto investment options. But that’s all data collected from other sources and presented as the real-time option.  However, keep in mind that web traders are easily manipulated.

Available Trading Assets

As mentioned, all the assets are completely fictive. Nevertheless, they claim to offer cryptos. But also, they claim to have a quarterly volume of $137 billion. But that’s the same number on all three platforms. Anyway, some of the cryptos available are: 

• BTC/USDT
• LTC/USDT
• ETH/USDT + more

Account Types

Account types with Coinbitio are science-fiction. Allegedly, there are two options: 

• Regular
• Premium

However, the conditions to reach out to Premium are not presented. So, it’s up to this scam company to decide. But most likely when they feel you have more money in your pockets.

Mobile Trading App

Aside from everything mentioned so far, a mobile app can tell you a lot about the company. In fact, many exchanges offer iOS or Android apps for quick exchanges. But that’s not the case with the Coinbitio scam company.

Demo Account

Besides missing mobile apps, they also miss out a demo account. Even though, access to the platform is available and free. But to try it out, you’ll have to deposit money. Thus, the minimum remains unknown.

Education

If you are looking to learn more about crypto, this company is not the right place. Even if we exclude all the legal and regulatory problems, they don’t offer any education. So, run away on time!

Coinbitio Withdrawal

Important to realize is that the company is charging 1% for all deposits and withdrawals. But also 21% for the first withdrawal. So, let’s say you invested $1.000. 

On their fake platform, they make up like you made $20K in profits. But they require you to send them another $4K for fees. Once you send that money, you’ll never hear from them again. So, avoid non-existent fees with unregulated companies.

Customer Support

Another important fact is the missing contact options. The company doesn’t reveal any. So, after you send them your last money, do you think you will ever hear from them again? Definitely no.

Key Information To Consider About Coinbitio?

Primarily, the company is not licensed or authorized to provide services anywhere. Especially not in the US or Cyprus. Also, they are offering quite suspicious conditions and policies. Not to mention unknown and untested platform.

After all, your withdrawal issues are inevitable. Therefore, you have to be prepared. Get in touch with our refund team to find your best options. CipherTrace might be one of those. Contact us today!

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