Bitvestment Review – Is it Scam? – CFDs and Real Cryptos
Introduction
In recent years, cryptocurrencies have gained popularity as an alternative investment option. However, with so many trading platforms available, it can be challenging to determine which one is legitimate and trustworthy. Bitvestment is one such platform that offers cryptocurrency trading services. In this article, we will review Bitvestment's features, fees, customer support, security measures, and legitimacy to help you decide if it is a suitable trading platform for you.
What is Bitvestment?
Bitvestment is a trading platform that offers both CFDs and real cryptocurrencies. CFDs (Contracts for Difference) are financial derivatives that enable traders to speculate on the price movements of underlying assets, without actually owning them. Bitvestment's real cryptocurrency trading allows users to buy and sell actual cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin. Bitvestment aims to provide a user-friendly and secure platform to trade cryptocurrencies.
Bitvestment Features
Bitvestment offers various features to its users, including:
- Multiple trading options: Bitvestment offers both CFDs and real cryptocurrency trading options, allowing users to choose their preferred trading method.
- High leverage: Bitvestment offers leverage of up to 1:1000 on CFDs, which allows traders to amplify their profits (but also their losses).
- User-friendly interface: Bitvestment's trading platform is easy to navigate and use, making it accessible to novice traders.
- Advanced trading tools: Bitvestment provides advanced trading tools, such as technical analysis charts and risk management tools.
- Mobile app: Bitvestment offers a mobile app, enabling users to trade on-the-go.
Bitvestment CFDs
CFDs are financial derivatives that enable traders to speculate on the price movements of underlying assets, without owning the actual asset. Bitvestment offers CFDs on various cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin.
How Bitvestment CFDs work
When trading CFDs on Bitvestment, the trader is not buying or selling the underlying asset, but rather entering into a contract with the broker. The trader speculates on the price movements of the asset, and the broker pays the difference between the opening and closing price of the contract. If the trader's prediction is correct, they make a profit. If the trader's prediction is incorrect, they incur a loss.
Advantages and disadvantages of Bitvestment CFDs
Advantages:
- High leverage allows traders to amplify their profits.
- Short-selling is possible, enabling traders to profit from falling prices.
- CFDs allow traders to speculate on the price movements of assets without owning them.
Disadvantages:
- High leverage also amplifies losses.
- CFDs are complex financial instruments with a high risk of losing money.
- Due to the high volatility of cryptocurrencies, CFDs can be particularly risky.
Bitvestment Real Cryptos
Bitvestment offers real cryptocurrency trading, allowing users to buy and sell actual cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin.
How Bitvestment real cryptos work
When trading real cryptocurrencies on Bitvestment, the user buys or sells the actual cryptocurrency, and the ownership is transferred to their wallet. Bitvestment acts as an intermediary and charges a commission fee for the transaction.
Advantages and disadvantages of Bitvestment real cryptos
Advantages:
- Ownership of actual cryptocurrencies.
- Trading actual cryptocurrencies allows users to participate in the growth of the cryptocurrency market.
Disadvantages:
- Cryptocurrency prices are highly volatile, making it a risky investment.
- Cryptocurrency transactions are irreversible, increasing the risk of fraud.
- Cryptocurrency wallets are vulnerable to hacking and theft.
Bitvestment Trading Platform
Bitvestment's trading platform is user-friendly and easy to navigate. The platform provides advanced trading tools, such as technical analysis charts and risk management tools, enabling traders to make informed trading decisions. The platform also offers a mobile app, allowing users to trade on-the-go.
How to use the Bitvestment trading platform
To use the Bitvestment trading platform, the user needs to sign up and verify their account. Once their account is verified, the user can deposit funds and start trading. The platform provides various trading options, such as CFDs and real cryptocurrency trading. Users can use the advanced trading tools to analyze the markets and make informed trading decisions.
Comparison of Bitvestment trading platform with other trading platforms
Bitvestment's trading platform is user-friendly and easy to navigate, making it accessible to novice traders. However, it may not offer as many advanced features as some other trading platforms, such as MetaTrader 4.
Bitvestment Fees and Charges
Bitvestment charges fees for its trading services. The fee structure depends on the trading method and the asset being traded.
Explanation of Bitvestment fees and charges
Bitvestment charges a spread fee for CFDs, which is the difference between the buy and sell price. The spread fee varies depending on the asset being traded, and the fee is higher for more volatile assets. Bitvestment also charges a commission fee for real cryptocurrency trading. The commission fee varies depending on the cryptocurrency being traded.
Overview of Bitvestment's fee structure
Bitvestment's fee structure is competitive compared to other trading platforms. However, the fee structure may be higher for more volatile assets, such as cryptocurrencies.
Comparison of Bitvestment's fees with other trading platforms
Bitvestment's fees are competitive compared to other trading platforms, such as eToro and Plus500. However, the fee structure may be higher for more volatile assets, such as cryptocurrencies.
Bitvestment Customer Support
Bitvestment provides customer support to its users.
Overview of Bitvestment's customer support
Bitvestment's customer support is available 24/7 via email and live chat. The support team is responsive and helpful, providing prompt assistance to users.
How to contact Bitvestment's customer support
Users can contact Bitvestment's customer support via email or live chat. The support team is available 24/7 to assist users with any queries or issues.
Comparison of Bitvestment's customer support with other trading platforms
Bitvestment's customer support is responsive and helpful, providing prompt assistance to users. However, some other trading platforms, such as eToro, also provide phone support, which may be more convenient for some users.
Security and Regulation
Bitvestment takes security seriously and implements various measures to ensure the safety of its users' funds and personal information.
Overview of Bitvestment's security measures
Bitvestment uses SSL encryption to protect users' personal information and implements two-factor authentication to ensure the security of users' accounts. Bitvestment also stores the majority of users' funds in cold storage, which is offline and inaccessible to hackers.
Explanation of Bitvestment's regulation
Bitvestment is not currently regulated by any financial authority. However, the company states that it complies with all relevant laws and regulations.
Comparison of Bitvestment's security and regulation with other trading platforms
Bitvestment's security measures are comparable to other trading platforms, such as eToro and Plus500. However, the lack of regulation may be a concern for some users.
Is Bitvestment a Scam?
Bitvestment has received mixed reviews from users. Some users have reported positive experiences, while others have reported issues with the platform's customer support and fees. However, there is no evidence that Bitvestment is a scam.
Overview of Bitvestment's reputation
Bitvestment has a mixed reputation, with some users reporting positive experiences and others reporting issues with the platform's customer support and fees.
Analysis of Bitvestment's legitimacy
Bitvestment is a legitimate trading platform that offers CFDs and real cryptocurrency trading services. However, users should be aware of the risks associated with trading cryptocurrencies.
Comparison of Bitvestment with other trading platforms
Bitvestment is comparable to other trading platforms, such as eToro and Plus500, in terms of features, fees, and security measures.
Conclusion
Bitvestment is a trading platform that offers both CFDs and real cryptocurrency trading services. The platform's user-friendly interface, advanced trading tools, and competitive fee structure make it an attractive option for novice traders. However, users should be aware of the risks associated with trading cryptocurrencies and the lack of regulation.
FAQs
What is Bitvestment?
Bitvestment is a trading platform that offers both CFDs and real cryptocurrency trading services.
What are CFDs and how do they work?
CFDs (Contracts for Difference) are financial derivatives that enable traders to speculate on the price movements of underlying assets, without actually owning them. When trading CFDs, the trader is not buying or selling the underlying asset, but rather entering into a contract with the broker.
What are real cryptos and how do they work?
Real cryptocurrencies are actual cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin. When trading real cryptocurrencies, the user buys or sells the actual cryptocurrency, and the ownership is transferred to their wallet.
How do I use the Bitvestment trading platform?
To use the Bitvestment trading platform, the user needs to sign up and verify their account. Once their account is verified, the user can deposit funds and start trading. The platform provides various trading options, such as CFDs and real cryptocurrency trading. Users can use the advanced trading tools to analyze the markets and make informed trading decisions.
What are the fees and charges for Bitvestment?
Bitvestment charges a spread fee for CFDs, which is the difference between the buy and sell price. The spread fee varies depending on the asset being traded. Bitvestment also charges a commission fee for real cryptocurrency trading. The commission fee varies depending on the cryptocurrency being traded.
How do I contact Bitvestment's customer support?
Users can contact Bitvestment's customer support via email or live chat. The support team is available