Bitvestment Review – Is it Scam? – CFDs and Real Cryptos

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Introduction

In recent years, cryptocurrency trading has gained popularity, and many platforms have emerged to cater to the growing demand. Bitvestment is one such platform that offers trading services in both CFDs (Contract for Difference) and real cryptos. This article provides a comprehensive review of Bitvestment, analyzing its features, trading options, account types, deposit and withdrawal process, customer support, regulation and compliance, and reputation in the market. The article also compares Bitvestment with other popular cryptocurrency trading platforms and provides recommendations for potential users.

Bitvestment – Company and Platform Review

Bitvestment was founded in 2018 and is headquartered in London, UK. The platform aims to provide a user-friendly and secure trading environment for traders worldwide. The platform offers trading services in both CFDs and real cryptos, making it a versatile option for traders. Bitvestment's platform is designed to be easy to use, even for beginners, and offers advanced tools and features for experienced traders.

Bitvestment's platform is available in multiple languages, including English, Spanish, French, Italian, German, and Russian. The platform's interface is intuitive, and users can easily navigate through the various sections of the platform. Bitvestment's platform is also available on mobile devices, ensuring that traders can access their accounts and trade on the go.

Bitvestment's platform offers several features, including real-time market data, advanced charting tools, risk management tools, and multiple order types. The platform also offers educational resources, including trading guides and webinars, to help traders improve their trading skills.

Bitvestment takes security seriously and implements various measures to ensure the safety of users' funds and personal information. The platform uses SSL encryption to protect users' data and stores the majority of user funds in cold storage wallets, which are offline and inaccessible to hackers.

Bitvestment – Trading Options

Bitvestment offers two main trading options – CFDs and real cryptos. CFDs are derivatives that allow traders to speculate on price movements without actually owning the underlying asset. Real cryptos, on the other hand, are actual cryptocurrencies that traders can buy and sell on the platform.

Trading CFDs has several advantages, including higher leverage, lower transaction fees, and the ability to profit from falling prices. However, CFDs also have several disadvantages, including the risk of losing more than the initial investment, limited regulation, and the potential for price manipulation.

Trading real cryptos has several advantages, including ownership of the underlying asset, higher security, and the potential for long-term gains. However, real cryptos also have several disadvantages, including higher transaction fees, limited liquidity, and the potential for hacking.

Bitvestment charges trading fees and commissions for both CFDs and real cryptos. The trading fees vary depending on the asset being traded and the account type held by the trader. Bitvestment also imposes trading limits and margin requirements to ensure that traders do not over-leverage their positions.

Bitvestment – Account Types

Bitvestment offers three main account types – Basic, Silver, and Gold. Each account type has its own set of features and benefits. The Basic account offers limited access to the platform's features, while the Silver and Gold accounts offer more advanced features and higher trading limits. The Gold account also offers a personal account manager and access to exclusive trading signals.

To open an account on Bitvestment, users need to complete a verification process. The verification process involves providing personal information and identification documents. The verification process usually takes a few hours to complete.

Bitvestment – Deposit and Withdrawal

Bitvestment accepts several payment methods, including credit/debit cards, bank transfer, and e-wallets. The deposit process is straightforward, and funds are usually credited to the user's account within a few hours. Bitvestment charges deposit and withdrawal fees, which vary depending on the payment method used.

Withdrawals are processed within 24 hours, and users can withdraw funds using the same payment method used for deposits. Bitvestment imposes withdrawal limits, which vary depending on the account type held by the trader.

Bitvestment – Customer Support

Bitvestment offers customer support via email, phone, and live chat. The customer support team is available 24/7 and responds to queries and complaints promptly. Bitvestment also has an extensive FAQ section on its website to help users with common issues.

User reviews and experiences with Bitvestment's customer support are generally positive, with users praising the team's responsiveness and helpfulness.

Bitvestment – Regulation and Compliance

Bitvestment is not regulated by any governing body, which may be a concern for some traders. However, Bitvestment complies with various industry standards, including AML (Anti-Money Laundering) and KYC (Know Your Customer) regulations. Bitvestment also maintains transparency in its operation, providing users with detailed information on its services and fees.

Bitvestment – Scam or Legit?

Cryptocurrency trading scams are prevalent, and traders need to exercise caution when choosing a trading platform. Common scam tactics include promises of high returns, fake reviews, and phishing emails.

Bitvestment has a good reputation in the market, with users praising its user-friendly platform and responsive customer support. However, some users have reported issues with withdrawals, which may be a cause for concern.

Traders should always conduct due diligence before choosing a trading platform and should avoid platforms that make unrealistic promises or have a poor reputation in the market.

Comparison with other Cryptocurrency Trading Platforms

Bitvestment offers several features and benefits that distinguish it from its competitors. Bitvestment's platform is user-friendly and offers advanced tools and features for experienced traders. The platform also offers trading services in both CFDs and real cryptos, making it a versatile option for traders.

However, Bitvestment's lack of regulation may be a concern for some traders, as other popular trading platforms are regulated by governing bodies. Additionally, Bitvestment's trading fees and charges may be higher than some of its competitors.

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Conclusion

Overall, Bitvestment is a reputable trading platform that offers a user-friendly and secure trading environment for traders worldwide. The platform's versatility, advanced tools, and responsive customer support make it a good option for both beginner and experienced traders. However, traders should conduct due diligence and be aware of the potential risks of trading CFDs and real cryptos.

FAQs

1. What is Bitvestment?
   Bitvestment is a cryptocurrency trading platform that offers trading services in both CFDs and real cryptos.

2. Is Bitvestment a safe platform for trading?
   Bitvestment takes security seriously and implements various measures to ensure the safety of users' funds and personal information. However, traders should always exercise caution when trading cryptocurrencies and should not invest more than they can afford to lose.

3. What are the deposit and withdrawal options available at Bitvestment?

Bitvestment accepts several payment methods, including credit/debit cards, bank transfer, and e-wallets. Withdrawals are processed within 24 hours, and users can withdraw funds using the same payment method used for deposits.

4. What types of accounts does Bitvestment offer?
   Bitvestment offers three main account types – Basic, Silver, and Gold. Each account type offers its own set of features and benefits.

5. What is the difference between CFDs and real cryptos?
   CFDs are derivatives that allow traders to speculate on price movements without actually owning the underlying asset. Real cryptos, on the other hand, are actual cryptocurrencies that traders can buy and sell on the platform.

6. How long does it take to verify an account on Bitvestment?

The verification process usually takes a few hours to complete.

7. How can I contact Bitvestment's customer support?
   Bitvestment offers customer support via email, phone, and live chat.

8. Is Bitvestment regulated by any governing body?
   Bitvestment is not regulated by any governing body.

9. How can I identify a cryptocurrency trading scam?

Common scam tactics include promises of high returns, fake reviews, and phishing emails. Traders should always conduct due diligence and avoid platforms that make unrealistic promises or have a poor reputation in the market.

10. How does Bitvestment compare to other cryptocurrency trading platforms?
    Bitvestment offers several features and benefits that distinguish it from its competitors. However, Bitvestment's lack of regulation and higher trading fees may be a concern for some traders.