Bitlevex is this a scam? Review and Customers Reviews

Bitlevex – it’s a young cryptocurrency exchange, whose main product is cryptocurrency options. The company appeared on the financial market relatively recently – in 2019. In a short period of time, the project was able to attract the attention of customers around the world, including the Russian audience. At the moment, the exchange is actively developing, and in the future will offer traders a wide range of products on the cryptocurrency market.

In our review, we will take a closer look at the features of the platform and find out if Bitlevex is a scam or a reliable exchange for cryptocurrency trading.

 

 

Why Bitlevex?

Exchange Bitlevex appeared on the expanses of the Internet in 2019. The company presents cryptocurrency options for clients. Thus, users can earn by guessing in which direction the exchange rate will change Cryptocurrencies. The project is oriented precisely at the international market, as evidenced by the multilingual interface of the official site. The advantage is the availability of the Russian version of the site, which simplifies the trading process for the residents of the CIS countries. The main office of the company is located in Estonia and has an appropriate license.

The exchange provides its clients with unique conditions, as well as payouts with no hold on demand. Exchange trading with leverage allows users to earn 13.8459 times the amount invested when executing an option. You can earn daily by guessing changes in the rate of a cryptocurrency (Cryptocurrency Trading Training). The trading terminal consists of several blocks:

• On the left there is information about the trading pair, as well as technical analysis for individual time periods;
• on the right is an informative graph about the fluctuations of the cryptocurrency rate;
• below, the client can view information about the trades of other users and their options.

At the moment the exchange does not have its own mobile application, but there is a mobile version of the site. Thus, a client can log in to his account at any time to make a trade or contact technical support. In order to start trading, a trader only needs to deposit their balance. The company plans to create its own mobile application in the future. In addition to the trading platform on the website bitlevex.com is also presented a blog, which contains the latest developments of the company, as well as other news in the field of cryptocurrency. All materials are presented in English.

Among the main advantages of the exchange can be distinguished:

• Active site development.
• Quality translation into Russian.
• A simple and convenient platform.
• There is a mobile version of the site.
• Site Safety.
• Round the clock communication with technical support.
• Loyal commissions for the implementation of the trade.
• License availability.

 

How to exchange cryptocurrency on bitlevex.com platform?

To start trading on the platform, the client needs to perform a few simple actions:

• to register and top up your balance;
• go to the “My Trade” section;
• click on the “Invest Now” button;
• make a bet, specify the type of investment and select the type of option – put or call, which indicates an increase or decrease in the rate.

 

Verification on the Bitlevex platform

To get full access to the features of the platform, the client must go through the process of verification on the website bitlevex.com. A total of 3 levels of accounts are provided, each of which has its own conditions for trading. Thus, the initial level allows you to deposit only 0.1 VTB and does not allow you to withdraw funds. After passing the verification, you can increase the deposit and withdrawal limits. To pass the verification the user needs to fill the following information:

• country of residence;
• city;
• date of birth;
• phone number;
• address.

Next, the client must provide scans or color photos of the following documents:

• a document certifying the trader’s identity (passport, ID card or driver’s license);
• selfies with an identity document in hand;
• A document that confirms the address of residence. It can be a utility bill that is no more than 3 months old or another document containing the name and address of the user.

On average, the verification process takes from several to several weeks, after which the client will be able to get full access to the exchange features.

 

Deposit and withdrawal

On the site bitlevex.com The following deposit and withdrawal methods are provided:

• Visa or Mastercard;
• money order.

Also in the future it is supposed to be possible to recharge the balance with Bitcoins.

Cryptoexchange Commission

The trading commission is directly dependent on the level of the account. A total of 5 levels is provided:

• Level 1 – 0.55%;
• Level 2 – 0.45%;
• Level 3 – 0.35%;
• Level 4 – 0.30%;
• Level 5 – 0.25%.

Withdrawal fees

The withdrawal fee is 0% + the client is charged a blockchain fee.

 

Bonuses bitlevex.com

From time to time on the site you can find information about various bonuses for customers, but at the moment there are no active offers.

Referral program

A referral program has been developed for those users who want to earn passive income. This way clients can attract new clients and receive remuneration amounting to 50% of the commission amount. To become a referral, a trader needs to register on the website and use a unique link to attract new users to the project.

 

Complaints about Bitlevex

Because the exchange appeared on the financial market less than a year ago, you can find quite few reviews on the Internet from clients. In general, the company has a positive reputation. Among the advantages, users note the user-friendly interface, around-the-clock communication with technical support, and loyal commissions. Of the disadvantages at the moment noted the lack of a mobile application.

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Crypto exchange regulation

Among cryptocurrency exchanges, there are conscientious projects as well as many scammers. In order to avoid falling for a scam, the client should carefully check the availability of necessary documentation, as well as the necessary license. Let’s take a closer look at how Bitlevex is regulated.

Regulator

Bitlevex is a cryptocurrency exchange officially registered in the EU. The project is licensed by the Financial Intelligence Unit (FIU) of the Republic of Estonia under the numbers FVR001068 and FRK000962. Also, the company’s website provides all the documentation necessary for customers, namely the “User Agreement” and “Privacy Policy”. Contact information and headquarters location are publicly available for customers.

Bitlevex.com User Agreement

The “User Agreement” is the main document presented on the Exchange’s website. Each trader should read the agreement before starting trading on the platform. The document contains the basic principles of trading activities, as well as the responsibilities of both parties. The disadvantage is that the agreement is presented in English, which may create problems for customers from the CIS countries.

The document specifies the information that if the client accesses and uses the project’s services, he/she assumes responsibility for the possible risks in carrying out financial transactions. The user also confirms the fact that he is aware of the risks associated with the use of the exchange services, as well as those associated with the use of these services and participation in transactions with cryptocurrencies, including the risks of financial losses. The company disclaims responsibility for affiliated risks, and the user assumes all risks and decisions in interaction with the exchange.

The organizer can change these terms and conditions by providing notification of such changes, for example, by sending an email to the customer, notifying them through customer support or by updating the date “Last Updated” at the top of these terms and conditions. By clicking the “I Agree” button, the checkbox provided with the changed terms or by continuing to access/use the services, the user acknowledges their agreement to the changed terms. If the client agrees with any changes to these terms, he must stop using the platform. The company recommends that traders regularly review the terms and conditions to make sure they understand the terms that apply to accessing and using the services. If the user has any questions regarding the use of the site or services, he should contact

To use the platform, the customer must create and maintain an account. To create or maintain an account or enable features in an account, the user must provide the organization with appropriate information and documentation, including, if applicable, information and documentation related to identity verification and other verification procedures described in the agreement. The client also needs to:

• create a unique password;
• provide complete and accurate information;
• promptly update any information provided so that it is always complete and accurate;
• Keep your account secure by protecting your password from unauthorized access or use;
• Immediately notify the company if the user discovers or suspects any unauthorized access or use of the account
• be responsible for all activities carried out with his/her account and assume all risks of any authorized or unauthorized access to the account.

Customer must understand and accept that trading cryptocurrency, crypto coins, tokens and other digital rights or assets, as well as using other services provided by Bitlevex, involves significant risks and potential financial losses, including but not limited to the following

• any asset and its underlying technology may be vulnerable to attacks on the security, integrity or operation of the asset or its underlying technology, including attacks using enough computing power to suppress the normal operation of the blockchain or other underlying technology;
• any properties of the asset or underlying technology may change or otherwise cease to function properly due to a change made to the underlying technology, a change made using features or functions built into the underlying technology or a change caused by an attack. These changes may include, without limitation, a “fork” or “rollback” of an asset or blockchain;
• any asset may be canceled, lost, doubled or otherwise lose all or most of its value due to forks, rollbacks, attacks, changes in the asset’s properties or its inability to perform as intended;
• the company may suspend or cease to support the transfer, custody or trading of any asset at any time in its sole discretion.

The user should be aware that the platform is not the client’s personal broker, intermediary, agent or consultant and has no fiduciary relationship or obligation to the client in connection with any transactions or other decisions, actions affected by the user when using the services. No communication or information provided to the trader is intended or should be construed as advice.

Customer Service

To contact support, the client can use the following methods:

• online chat;
• feedback form;
• social media.

 

Is Bitlevex a Scam?

Bitlevex is a young cryptocurrency exchange, which appeared on the financial market in 2019. The main product of the company is cryptocurrency options. In a fairly short period of time, the exchange was able to attract the attention of traders around the world, including the client from Russia. The project is actively developing and will develop a large range of products in the cryptocurrency market in the future. The platform has implemented for its users simple and favorable conditions for cooperation. At the moment, the company offers customers to earn on cryptocurrency options, guessing in which direction the rate of digital assets will change. In the future, the company wants to offer users a wide range of products on the cryptocurrency market. Trading is done through a website with a simple and clear interface for both experienced clients and beginners.

The site also has verification, which is a mandatory process. For those traders who want to earn passive income, a referral program has been developed. Thus, partners can receive up to 50% of the commission amount. At the moment, the exchange does not have its own mobile application, but a mobile version of the site has been developed. The company has appeared on the Internet recently, so you can find quite a few reviews from customers. In general, the exchange has a positive reputation among clients. Having analyzed the opportunities provided by the site, can we conclude that Bitlevex is a scam and fraud? No, because the exchange is officially registered in the EU and provides its customers with favorable conditions for trading.

 

Conclusion

Bitlevex – is a cryptocurrency exchange that appeared online in 2019. At the moment the project is actively developing, and in the future it will present a wide range of products for users. At the moment, the main product is cryptocurrency options. Customers can earn by guessing in which direction the rate of the cryptocurrency will change.

Trading is done on a simple and intuitive platform. At the moment the exchange looks good among competitors. If you have cooperated with the platform, leave your impressions about Bitlevex on our website to form an independent rating of cryptocurrency exchanges.