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Bitvestment Review: The Truth About Trading Cryptocurrencies – Scam or Legit?

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

Introduction

Are you interested in trading in the cryptocurrency market? If so, you may have heard of Bitvestment, a trading platform that offers both CFDs (Contracts for Difference) and real cryptocurrencies trading. But is Bitvestment a legitimate platform or just another scam? In this article, we will explore Bitvestment in detail and provide an in-depth analysis of its features, trading options, safety and security measures, fees, customer support, and legitimacy.

Bitvestment – What is it?

Bitvestment is a trading platform that offers both CFDs and real cryptocurrencies trading. It was established in 2017 and has gained popularity among traders due to its user-friendly interface and advanced trading features. Bitvestment provides access to over 200 trading instruments, including cryptocurrencies, forex, commodities, and indices. It also offers a range of trading tools, including charts, technical indicators, and news feeds.

Features and benefits of Bitvestment

Comparison with other trading platforms

Bitvestment offers many features that are similar to other trading platforms, such as eToro and Plus500. However, Bitvestment has a more extensive range of trading instruments and higher leverage options than eToro. In contrast, Plus500 offers a wider range of trading platforms, including a web-based platform, mobile app, and desktop software.

Trading on Bitvestment

How to register and set up an account

To register on Bitvestment, you need to provide your name, email address, and contact details. Once you have registered, you can select the account type that suits your trading needs. Bitvestment offers four account types, starting from the Standard account, which requires a minimum deposit of $250, to the Platinum account, which requires a minimum deposit of $50,000.

Overview of the trading process

Once you have set up your account, you can deposit funds and start trading. Bitvestment provides a range of trading options, including market orders, limit orders, stop-loss orders, and take-profit orders. You can also use leverage to increase your trading position. However, it is important to note that leverage can increase both your profits and losses.

Types of trading options available on Bitvestment

Bitvestment offers two types of trading options: CFDs and real cryptocurrencies trading. CFDs allow you to speculate on the price movements of a particular asset without actually owning the asset. In contrast, real cryptocurrencies trading involves buying and selling actual cryptocurrencies.

Safety and Security

Measures taken by Bitvestment to ensure safety and security

Bitvestment takes security seriously and has implemented several measures to ensure the safety of its users' data and funds. It uses SSL encryption to protect user data and stores user funds in segregated accounts. It also conducts regular security audits and employs a team of experts to monitor its systems for any potential threats.

How user data is protected

Bitvestment uses SSL encryption to protect user data during transmission. It also stores user data on secure servers that are protected by firewalls and other security measures.

Compliance with regulatory requirements

Bitvestment is regulated by the International Financial Services Commission (IFSC) and complies with anti-money laundering (AML) and know-your-customer (KYC) regulations. This means that users must provide proof of identity and address before they can start trading on the platform.

Bitvestment Fees

Overview of fees charged by Bitvestment

Bitvestment charges fees for trading, withdrawals, and inactivity. The trading fees are based on the spread, which is the difference between the bid and ask price. The withdrawal fee is $50, and the inactivity fee is $80 per month.

Comparison with other trading platforms

Bitvestment's fees are competitive with other trading platforms, such as eToro and Plus500. However, eToro does not charge an inactivity fee, and Plus500 charges a higher withdrawal fee of $100.

Explanation of how fees are calculated

Bitvestment's trading fees are based on the spread, which is the difference between the bid and ask price. The spread varies depending on the trading instrument and market conditions. The withdrawal fee is a flat rate of $50, and the inactivity fee is charged if there is no trading activity on the account for 60 days or more.

Bitvestment Customer Support

Types of customer support available

Bitvestment offers several types of customer support, including email, phone, and live chat. It also has a comprehensive FAQ section and a range of educational resources, including webinars, e-books, and trading guides.

Response times and quality of service

Bitvestment's response times are generally fast, and the quality of service is good. However, some users have reported longer response times during peak trading hours.

User reviews of customer support

User reviews of Bitvestment's customer support are generally positive. Users have praised the fast response times and helpfulness of the support team.

Bitvestment Scam – Is it a Legitimate Platform?

Overview of the most common scams in the trading industry

The trading industry is rife with scams, with many platforms promising high returns but delivering little or nothing. Some common scams include fake trading platforms, Ponzi schemes, and phishing scams.

Explanation of how to identify a scam platform

To identify a scam platform, you should look for warning signs, such as unrealistic promises of high returns, lack of regulation, and poor customer reviews. You should also check the platform's security measures and ensure that it complies with regulatory requirements.

Analysis of Bitvestment's legitimacy

Based on our research, we have found no evidence to suggest that Bitvestment is a scam platform. It is regulated by the IFSC and has a good reputation among traders. It also employs strong security measures to protect user data and funds.

Bitvestment and CFDs

Explanation of CFDs

CFDs allow traders to speculate on the price movements of an asset without actually owning the asset. They are a popular trading option due to their high leverage options and ability to profit from both rising and falling markets.

Advantages and disadvantages of trading CFDs

Advantages:

Disadvantages:

How Bitvestment offers CFD trading

Bitvestment offers CFD trading on a range of trading instruments, including cryptocurrencies, forex, commodities, and indices. Traders can use leverage to increase their trading position and profit from both rising and falling markets.

Bitvestment and Cryptocurrencies

Explanation of cryptocurrencies

Cryptocurrencies are digital assets that use encryption techniques to secure transactions and control the creation of new units. They are decentralized and operate on a peer-to-peer network.

Advantages and disadvantages of trading cryptocurrencies

Advantages:

Disadvantages:

How Bitvestment offers cryptocurrency trading

Bitvestment offers cryptocurrency trading on a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Traders can buy and sell actual cryptocurrencies and use leverage to increase their trading position.

Conclusion

After conducting a thorough analysis of Bitvestment, we have found that it is a legitimate trading platform that offers a range of trading options, advanced trading features, and strong security measures. However, it is important to remember that trading in the cryptocurrency market is high risk and can result in substantial losses. We recommend that traders conduct their own research and only invest what they can afford to lose.

FAQs

  1. What is Bitvestment?
    Bitvestment is a trading platform that offers both CFDs and real cryptocurrencies trading.

  2. How do I register an account on Bitvestment?
    To register on Bitvestment, you need to provide your name, email address, and contact details.

  3. What types of trading options are available on Bitvestment?

Bitvestment offers two types of trading options: CFDs and real cryptocurrencies trading.

  1. Is Bitvestment a legitimate platform?
    Yes, Bitvestment is a legitimate trading platform that is regulated by the IFSC and employs strong security measures.

  2. How does Bitvestment ensure safety and security?
    Bitvestment uses SSL encryption to protect user data and stores user funds in segregated accounts. It also conducts regular security audits and complies with regulatory requirements.

  3. What are the fees charged by Bitvestment?

Bitvestment charges fees for trading, withdrawals, and inactivity. The trading fees are based on the spread, which is the difference between the bid and ask price. The withdrawal fee is $50, and the inactivity fee is $80 per month.

  1. What types of customer support are available on Bitvestment?
    Bitvestment offers several types of customer support, including email, phone, and live chat. It also has a comprehensive FAQ section and a range of educational resources.

  2. What are CFDs?
    CFDs allow traders to speculate on the price movements of an asset without actually owning the asset.

  3. What are cryptocurrencies?

Cryptocurrencies are digital assets that use encryption techniques to secure transactions and control the creation of new units.

  1. What are the advantages and disadvantages of trading CFDs and cryptocurrencies?
    Advantages of trading CFDs include high leverage options and the ability to profit from both rising and falling markets