Btbitcoin Exchange (btbitcoin.com) has been flagged by Australian Securities and Investments Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Btbitcoin Exchange (btbitcoin.com) is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Blocked my account|No legitimate license|Fake returns
Btbitcoin Exchange (btbitcoin.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Demo account available|Risk management tools|Social trading features|Educational resources
Cons: Nothing significant
I trusted Btbitcoin Exchange (btbitcoin.com) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Segregated accounts|Clean UI|Comprehensive tools|Two-factor authentication
Cons: Could offer more webinars|Limited demo account features
I gave Btbitcoin Exchange (btbitcoin.com) a fair chance. After for roughly four months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Transparent fees|Demo account available|Copy trading available|Easy withdrawals
Cons: No integrated tax optimization|Nothing significant
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Btbitcoin Exchange (btbitcoin.com) is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Several red flags with Btbitcoin Exchange (btbitcoin.com): (1) They promise unrealistically high returns, (2) They're not registered with Australian Securities and Investments 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: Listed in warning databases|No transparency|Pressure to invest quickly
I wanted to transfer my portfolio from another broker to Btbitcoin Exchange (btbitcoin.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: Fast deposits|Great customer service|Quick verification|Helpful community forum
Cons: Limited social trading features|Charting tools need more indicators
I am in a dispute with Btbitcoin Exchange (btbitcoin.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: Economic calendar|Easy to use platform|Fast support response
Cons: Website design could be more modern
What really bothers me about Btbitcoin Exchange (btbitcoin.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them when my bank disappointed me and I searched for alternatives and I fell for the polished exterior. Never again.
Pros: Professional team|Economic calendar
Cons: Account statements could be more detailed|Withdrawal takes 1-2 business days
Btbitcoin Exchange (btbitcoin.com) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Good mobile app|Risk management tools
Cons: Limited demo account features|Could offer more webinars