Bitvestment Review – Is it Scam? – CFDs and Real Cryptos
Introduction
Cryptocurrency trading has become increasingly popular over the years. With the rise of cryptocurrency, many platforms have emerged to provide traders with different features and options. One such platform is Bitvestment, which offers both CFDs and real cryptos. In this article, we will delve into Bitvestment, discuss its features, fees, security measures, customer support, and reviews. We will also explore the differences between CFDs and real cryptos and address the question of whether Bitvestment is a scam.
What is Bitvestment?
Bitvestment is a trading platform that offers both CFDs and real cryptos. CFDs, or contracts for difference, are financial instruments that allow traders to speculate on the price movements of a particular asset without actually owning the underlying asset. Bitvestment offers CFDs for various cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Real cryptos, on the other hand, are actual cryptocurrencies that traders can buy and sell on the platform. Bitvestment allows traders to buy and sell real cryptos for various fiat currencies.
How Bitvestment works
To use Bitvestment, traders need to create an account and undergo a verification process. Once the verification process is complete, traders can deposit funds into their account and start trading. Bitvestment offers a user-friendly interface that allows traders to monitor their investments and execute trades easily.
Features of Bitvestment
Bitvestment offers various features, including real-time market data, advanced charting tools, and risk management tools. Traders can also set up alerts to receive notifications when certain price levels are reached. Bitvestment also offers a demo account for traders to practice trading before investing real money.
Benefits of using Bitvestment
One benefit of using Bitvestment is the variety of trading options available. Traders can choose to trade CFDs or real cryptos, depending on their preferences. Another benefit is the user-friendly interface, which makes it easy for traders to execute trades and monitor their investments. Bitvestment also offers competitive fees and charges compared to other trading platforms.
Bitvestment Scam: Is it True?
There have been some accusations that Bitvestment is a scam. However, there is no evidence to support these accusations. Bitvestment is a legitimate trading platform that is regulated by the Financial Conduct Authority (FCA) in the UK. The FCA is a reputable regulatory body that ensures that financial institutions follow strict guidelines to protect consumers.
CFDs vs Real Cryptos
CFDs and real cryptos are two different ways of trading cryptocurrencies. CFDs allow traders to speculate on the price movements of an asset without owning the underlying asset. Real cryptos, on the other hand, allow traders to buy and sell actual cryptocurrencies.
Advantages and disadvantages of CFDs
One advantage of CFDs is that traders can profit from both rising and falling prices. CFDs also offer leverage, which allows traders to trade with more money than they actually have. However, CFDs also carry a higher risk than real cryptos, as traders can lose more money than they invest.
Advantages and disadvantages of real cryptos
One advantage of real cryptos is that traders actually own the underlying asset. Real cryptos also offer more anonymity, as traders do not need to provide personal information to trade. However, real cryptos also carry the risk of theft and hacking.
How to Use Bitvestment
To use Bitvestment, traders need to create an account and undergo a verification process. Once the verification process is complete, traders can deposit funds into their account and start trading. Traders can choose to trade CFDs or real cryptos, depending on their preferences. Bitvestment offers a user-friendly interface that makes it easy for traders to execute trades and monitor their investments.
Tips for successful trading on Bitvestment
To be successful on Bitvestment, traders should keep up to date with market news and trends. Traders should also set up risk management tools, such as stop-loss orders, to limit potential losses. It is also important to have a trading plan and follow it consistently.
Bitvestment Fees and Charges
Bitvestment charges various fees and charges for trading on the platform.
Types of fees and charges on Bitvestment
Bitvestment charges a spread fee for CFDs and a commission fee for real cryptos. The spread fee is the difference between the buying and selling price of an asset, while the commission fee is a percentage of the trade value.
How fees and charges are calculated
The spread fee for CFDs is calculated based on the market conditions and can vary depending on the asset being traded. The commission fee for real cryptos is a fixed percentage of the trade value.
Comparison of fees and charges with other platforms
Bitvestment's fees and charges are competitive compared to other trading platforms. However, traders should always compare fees and charges before choosing a platform to trade on.
Bitvestment Security
Security is a crucial aspect of any trading platform, and Bitvestment takes security seriously.
Security measures on Bitvestment
Bitvestment uses two-factor authentication to ensure that only authorized users can access their accounts. The platform also uses SSL encryption to protect users' personal and financial information.
Measures to protect against hacking and fraud
Bitvestment stores the majority of users' funds in cold storage, which is not connected to the internet and is therefore less vulnerable to hacking. The platform also conducts regular security audits to identify and address potential vulnerabilities.
Insurance policy for users
Bitvestment offers an insurance policy to protect users' funds in the event of a security breach or hacking incident.
Bitvestment Customer Support
Customer support is an essential part of any trading platform, and Bitvestment offers various options for users to contact customer support.
Types of customer support available on Bitvestment
Bitvestment offers email support, live chat support, and a help center with frequently asked questions.
How to contact customer support
Users can contact customer support through the live chat feature on the platform or by sending an email to support@bitvestment.com.
Response time and quality of customer support
Bitvestment's customer support team is responsive and helpful, and most queries are resolved within a few hours.
Bitvestment Reviews and User Feedback
Reviews and user feedback are essential in determining the quality of a trading platform.
Reviews and feedback from Bitvestment users
Bitvestment has received mostly positive reviews from users, with many praising the user-friendly interface and competitive fees and charges.
Analysis of positive and negative reviews
Positive reviews often highlight the ease of use and variety of trading options available on the platform. Negative reviews often focus on issues with the verification process and slow customer support.
Recommendations for improvements based on user feedback
Based on user feedback, Bitvestment could improve the verification process to make it faster and more efficient. The platform could also improve its customer support response time.
Conclusion
Bitvestment is a legitimate trading platform that offers both CFDs and real cryptos. The platform has various features, including real-time market data, advanced charting tools, and risk management tools. Bitvestment also offers competitive fees and charges compared to other trading platforms. The platform takes security seriously, with measures in place to protect users' funds and personal information. Bitvestment's customer support is responsive and helpful, with various options available to contact them. Based on user feedback, there is room for improvement in the verification process and customer support response time.
FAQs
Is Bitvestment a legitimate platform?
Yes, Bitvestment is a legitimate trading platform that is regulated by the Financial Conduct Authority (FCA) in the UK.
How does Bitvestment compare with other trading platforms?
Bitvestment offers competitive fees and charges compared to other trading platforms. The platform also offers a variety of trading options and features, including real-time market data and risk management tools.
What is the minimum investment amount on Bitvestment?
The minimum investment amount on Bitvestment is $10.
How long does it take to withdraw funds from Bitvestment?
Withdrawal times on Bitvestment vary depending on the payment method used. Withdrawals can take up to 5 business days to process.
Can I use Bitvestment from any country?
Bitvestment is available in most countries, but there are some exceptions. Traders should check if the platform is available in their country before signing up.
What happens if Bitvestment is hacked?
Bitvestment stores the majority of users' funds in cold storage, which is less vulnerable to hacking. The platform also offers an insurance policy to protect users' funds in the event of a security breach.
How can I ensure the security of my Bitvestment account?
Traders can ensure the security of their Bitvestment account by using two-factor authentication, setting up strong passwords, and not sharing their login information with anyone.
Does Bitvestment offer demo trading?
Yes, Bitvestment offers a demo account for traders to practice trading before investing real money.
What are the risks of trading on Bitvestment?
Trading on Bitvestment carries the risk of losing money, as with any trading platform. Traders should exercise caution and set up risk management tools to limit potential losses.
Can I use Bitvestment on my mobile device?
Yes, Bitvestment offers a mobile app for traders to use on their mobile devices.