Bitpay Mining (3wbt.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: bit185.3wbt.com.
The only good thing about Bitpay Mining (3wbt.com) is that they remind you why regulation matters. I found them through a forum discussion. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Fast execution|Regular updates|Two-factor authentication|Transparent fees
Cons: Nothing significant|Desktop app not available on Linux
I wanted to transfer my portfolio from another broker to Bitpay Mining (3wbt.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Regular updates|Full transparency|Reliable uptime
Cons: None so far|Research section could be deeper
My withdrawal from Bitpay Mining (3wbt.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since last summer of being strung along.
Pros: Automated trading options|Market news feed|Fast execution
Cons: No integrated tax optimization
I am in a dispute with Bitpay Mining (3wbt.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Instant funding|Responsive team|Low minimum deposit|Great customer service
Cons: Spreads widen during volatile periods|Slow to add new assets
Where do I even begin with Bitpay Mining (3wbt.com)? for roughly four months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Demo account available|Clear documentation|Segregated accounts
Cons: Spreads widen during volatile periods|Website design could be more modern
The reporting at Bitpay Mining (3wbt.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Fast execution|Demo account available|Real-time alerts
Cons: No integrated tax optimization|No crypto staking