BitcoinUP has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". BitcoinUP aka Bitcoinup found at www.btc-up.ai is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My withdrawal request from BitcoinUP has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Intuitive for beginners|Stable platform|No hidden fees
Cons: Minor UI glitches occasionally
If you are reading this considering BitcoinUP - run. I wish I had read more negative reviews through word of mouth in my investment club. I thought the positive ones were real. Maybe some are. My experience over for close to eighteen months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Quick verification|Instant funding|Social trading features
Cons: Minor UI glitches occasionally
For anyone considering BitcoinUP, please be aware that this company has been flagged by Ontario Securities Commission. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Flagged by international regulators|Due diligence required
I joined BitcoinUP after comparing multiple platforms and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Intuitive for beginners|Automated trading options|Reliable uptime|Good analytical tools
Cons: None so far
Several red flags with BitcoinUP: (1) They promise unrealistically high returns, (2) They're not registered with Ontario Securities Commission, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises
KYC with BitcoinUP is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Portfolio tracking tools|Wide product range
Cons: Alert system is basic|No phone support on weekends
I invested $2,000 with BitcoinUP after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Ontario Securities Commission.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Opened my account with BitcoinUP through my accountant's suggestion and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Tax reports included|Copy trading available|Regular platform improvements
Cons: Mobile app could be improved
The so-called education at BitcoinUP is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for over three years thinking they would help me learn.
Pros: Automated trading options|Multi-currency support|Comprehensive tools|Tax reports included
Cons: Website design could be more modern
I was contacted by BitcoinUP through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Initially responsive customer service
Cons: Withdrawal fees demanded|Communication cut off|Not authorized