Bitvestment Review – Is it Scam? – CFDs and Real Cryptos
Bitvestment is a trading platform that allows users to trade in CFDs (Contracts for Difference) and real cryptocurrencies. The platform offers a range of features and tools to help traders make informed investment decisions. In this review, we will examine Bitvestment's services, reputation, and whether it is a scam or a legitimate trading platform.
Bitvestment – Overview
Bitvestment was founded in 2018 and is based in the United Kingdom. The platform offers users the ability to trade in both CFDs and real cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Bitvestment aims to provide a user-friendly and secure trading environment for its users.
Bitvestment – CFDs
CFDs are financial derivatives that allow traders to speculate on the price movements of an underlying asset without actually owning the asset. Bitvestment offers CFDs on a range of assets, including cryptocurrencies, stocks, and commodities. Trading CFDs with Bitvestment allows users to potentially profit from both rising and falling prices.
Advantages of trading CFDs with Bitvestment include:
- No ownership of the underlying asset is required
- Low minimum deposit requirements
- Access to leverage, allowing traders to increase their exposure to the market
- Ability to trade in both rising and falling markets
Disadvantages of trading CFDs with Bitvestment include:
- Higher risk due to the use of leverage
- Potential for large losses if the market moves against the trader
- Limited access to the underlying asset
Bitvestment – Real Cryptos
Real cryptocurrencies are actual digital assets that can be bought, sold, and stored in a digital wallet. Bitvestment offers users the ability to trade in a range of real cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
Advantages of trading real cryptocurrencies with Bitvestment include:
- Ownership of the actual cryptocurrency
- Ability to store the cryptocurrency in a digital wallet
- Potential for long-term gains if the cryptocurrency increases in value
Disadvantages of trading real cryptocurrencies with Bitvestment include:
- Higher risk due to the volatility of the cryptocurrency market
- No access to leverage, potentially limiting profit potential
- Potential for losses if the cryptocurrency decreases in value
Account Creation and Verification
Creating an account with Bitvestment is a simple process. Users can sign up using their email address and password. After signing up, users can choose from a range of account types, including Basic, Silver, Gold, and Platinum. Each account type offers different features, such as higher leverage and lower trading fees.
To verify their account, users must provide proof of identity and address. This is a standard process for most trading platforms and is necessary to comply with anti-money laundering regulations.
Trading with Bitvestment
Placing trades on Bitvestment is a straightforward process. Users can choose from a range of trading tools and features, such as stop-loss orders and technical analysis. Bitvestment charges trading fees and commissions, which vary depending on the asset being traded.
Security and Regulation
Bitvestment takes security seriously and uses a range of measures to protect user data and funds. These include SSL encryption, two-factor authentication, and cold storage for cryptocurrencies. Bitvestment is also regulated by the Financial Conduct Authority (FCA) in the United Kingdom, providing users with additional protection.
In the event of a complaint or dispute, Bitvestment has a dedicated customer support team to assist users. The platform also has a complaints and dispute resolution process in place to ensure that issues are resolved in a timely and fair manner.
Bitvestment – Scam or Legit?
Based on our analysis of Bitvestment's business practices and user reviews, we conclude that Bitvestment is a legitimate trading platform. The platform has a good reputation in the market and offers a range of features and tools to help traders make informed investment decisions.
Alternatives to Bitvestment
There are several other platforms that offer CFDs and real cryptocurrencies, including eToro and Plus500. When comparing Bitvestment to other platforms, it is important to consider factors such as trading fees, range of assets, and user reviews.
Bitvestment is a legitimate trading platform that offers users the ability to trade in both CFDs and real cryptocurrencies. The platform provides a range of features and tools to help traders make informed investment decisions. While there are some risks associated with trading, Bitvestment takes security seriously and is regulated by the FCA. Overall, we recommend Bitvestment for traders looking to trade in CFDs and real cryptocurrencies.
Semantically similar FAQs
- Is Bitvestment trustworthy?
- How secure is Bitvestment?
- What are the fees for trading on Bitvestment?
- Can I trade real cryptocurrencies on Bitvestment?
- How do I withdraw funds from Bitvestment?
- What is the customer support like on Bitvestment?
- How long does it take to verify my Bitvestment account?
- Is Bitvestment regulated by any authority?
- Are there any drawbacks to trading CFDs with Bitvestment?
- Can I use Bitvestment if I'm a beginner in trading?