Uxbitex.com Review – Throwing Money Away Has Never Been Easier
Generally, trusted crypto exchanges offer transparent details about founders, legal names, and headquarters. Sadly, that’s not the case with the Uxbitex.com crypto exchange.
Not to mention, this company is just using different names and domains for a wider targeting range. Currently, there are four companies active. Those are Koypex, Koyvex, Koygex, and Jamblex. But this Uxbitex.com Review is unmasking all their activities.
|Is This Company Safe?
|Have Warnings from:
|Free Demo Account:
|How to Withdraw from This Company?
|With numerous unregulated brands with exactly the same web layout and T&Cs, traders can forget about smooth withdrawals. Therefore, we suggest you start the refund process right away. For step-by-step guidance, you can book a free first consultation with our refund consultants.
Legal info: Is Uxbitex.com legit or a scam?
When the company is using multiple brands without regulation, there’s no chance they are doing business legitimately. But even if we focus on Uxbitex.com, you’ll see fraud signs. Firstly, the company doesn’t reveal any ownership or address details. Yet, T&Cs reveal that the governing law for any disputes is in Malta. Therefore, there’s a potential their legal entity is registered there.
With this in mind, you would expect them to obtain a Tier 1 license. For instance, FCA, BaFin, or ASIC regulation for Digital Asset Service Providers. Yet, none of these databases hold any records of Uxbitex.com having those licenses.
Who are Uxbitex.com clients?
Another key thing with this company is that their domain was registered in 2023. At least according to who.is database. Therefore, they didn’t have enough time to build credibility among traders. Thus, research shows that the demography of their visitors (victims) is:
- United Kingdom
Keep in mind that all these countries have strict financial regulatory oversight. Therefore, it’s just a matter of time before this company is officially exposed. Anyway, if you are one of their victims, leave your opinion below. But also, you can book a refund consultation with our specialists anytime.
Leverage, Commissions, Spreads, Fees and Taxes
Since the company is not offering spot trading or P2P features, only regular taker and maker fees are included. Even though the Uxbitex scam exchange offers attractive and very low fees, you shouldn’t buy it. Primarily, the company is not licensed, and those conditions could change at any time.
Nevertheless, their fees for the basic level are 0.075%. Depending on your trading volume, you could get even lower fees up to 0.035%. Yet, all this is just another marketing trick to attract new traders.
Currently, the Uxbitex.com exchange doesn’t offer any bonuses. Yet, bonuses are a great way to motivate investors to deposit more money. But those bonuses often come with suspicious conditions with unregulated firms. Primarily ones that cause trouble during withdrawals.
Uxbitex.com Trading Features
Things that Uxbitex exchange offers are mostly related to purchasing crypto. Yet traders only have data and tools imported from TradingView on their web-based platform. Other than that, you can’t expect any advanced features. Especially not AI optimization or Expert Advisors features.
Trading Platforms Available
Generally, trusted crypto exchanges tend to develop proprietary apps and wallets. This brings a bit more comfort for traders and helps them trust more the security protocols. Yet, with Uxbitex, you can only have a web-based dashboard with limited functionalities.
However, the biggest issue with such platforms is the lack of reliability. Mainly due to manipulations performed on the user’s account.
Available Trading Assets
It seems the company offers more than 200 digital assets. They also present themselves as one of Europe’s leading exchanges. It’s funny that all other brands claim the same. Anyway, their offer consists of:
- Binance coin and many more
As mentioned earlier, traders can get lower fees if they have a bigger trading volume. But only after trading 30 BTC can you get any significant benefit, which means investing around $840k. To be fair, whoever invests $840k in crypto doesn’t care about 0.1% in fees.
In addition to these offers, Premium accounts are mentioned in T&Cs. Yet, detailed conditions are excluded, like many other stuff with this company.
Mobile Trading App
Another key detail about this firm is that it is missing a dedicated mobile app. Many crypto traders prefer to have access to their wallets on secured apps. In this case, all iOS and Android users will have to forget about that comfort. But to see how big a role the mobile app plays, check out our Kuex.com review.
In general, crypto exchanges rarely offer a demo account. Yet, access to the platform is enabled for new visitors. Luckily, you can see all its flaws before depositing any money. With this in mind, we suggest you read our BitbuycoinEx review and find out what platforms you can trust.
Even though cryptos have been present in the markets for over a decade, some traders still don’t understand it. Therefore, proper education is a nice touch with any crypto exchange.
Very often, you will see articles, blogs, or video materials provided for traders. Yet, with Uxbitex.com company, there is no educational program.
Generally, Uxbitex company has transparent withdrawal fees. However, methods and policies remain unknown. Nevertheless, without adequate regulatory oversight, all these conditions may change from time to time. It only depends on what they want from their clients. Therefore, you should keep your eyes wide open for all withdrawal-related tricks.
Another key thing about this company is that it lacks trusted support options. Not even an e-mail address is revealed, not to mention some more reliable means of communication. Usually, with Tier 1 licensed companies, you will have a landline phone number, live chat, or Skype features.
Key Information To Consider About Uxbitex.com
After checking all the facts from this Uxbitex.com review, you will see there is not a single positive thing about them. Starting with an anonymous approach and missing regulations. But also, there are shady conditions, a lack of credibility, and non-transparent conditions.
All in all, a lot of trouble is expected, especially during withdrawals. Luckily, if that happens, our team is equipped with knowledge and CipherTrace to help you there. With this simple tool, we can track down any crypto transfer and start the refund process. For detailed guidance, we suggest you consult with our specialized team. Get in touch today!
What is Uxbitex.com?
Uxbitex is a fake crypto exchange offering crypto investing services through multiple brands of which none have credibility.
Is Uxbitex a Regulated Crypto Exchange?
No. Uxbitex crypto exchange doesn’t have any trusted regulation. Therefore, all their services and conditions become questionable.
Can I Recover Crypto from a Scammer?
Absolutely. Recovering money from crypto scams is nowadays possible with our CipherTrace technology. For a detailed explanation and step-by-step guide, contact us.