Bityx is relatively a newly made platform and our experts have checked its legitimacy. They’ve posed as a legitimate crypto exchange, offering trading in popular cryptocurrencies like Bitcoin, and so on. They have a number of problems stemming from regulatory issues, and other methods of operation stolen from other scam sites. Read more about this scam exchange platform.

How Does Bityx Operate?

We’ve done some research on the company and discovered that they may be operating in an unorthodox fashion which raises questions concerning their legitimacy. They boast of user-friendly platforms, competitive fees, and access to the “latest financial instruments.” However, these claims are nothing more than a smokescreen to disguise their fraudulent activities. Our thorough analysis has shown that this bogus website is probably a component of a larger networked scam network originating from the criminal underworld that runs phony cryptocurrency platforms to swindle people all over the world.

How they operate is certainly not the only reason for calling out this company. You’ve probably come across lots of warnings and negative reviews about them on social platforms, let us explore other factors that raise questions about their operations.

One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘instant profit’. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns. 

Once the brokerage believes that they have extracted all available funds from an investor and his/her network, they will then proceed to suspend the account, and the investor will no longer be able to access the funds put in.

 

Bityx Transaction Issues

Deposits into this platform may appear seamless, but withdrawals are an agonizing ordeal. Users report encountering endless verification cycles, frozen accounts, and suspiciously delayed transactions. Ultimately, funds vanish into thin air, leaving victims helpless and frustrated.

No matter how much profit you have, when it gets to the time you wish to withdraw your funds, they will stall the procedure for months. And the Support team starts to ignore your emails or give you any sort of attention. You will not receive your money back no matter how many times you remind them or insist on withdrawing it.

 

Is Bityx a legit or Fake Firm?

When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification(s). This will tell you whether they are regulated by a central authority or if Bityx is an unregulated entity.

When a company is unregulated or regulated by an entity outside of your jurisdiction, you have limited to no legal recourse in the event that your funds are compromised. In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction.

 

Bityx Reviews 

This company has attracted many negative reviews. And users who traded with this company have lodged many complaints against it by posting reviews on numerous websites such as TrustPilot and so on. 

Bityx review

Bityx review

The company provides a brief account of what happened, you may further damage them and prevent others from becoming victims. If you were a victim, kindly write a review and a remark in as many places as you can find online.

Additionally, when these people lose their websites, they frequently place phone calls to their former and existing customers. If this happens to you, please note it in the comment section or let us know by getting in touch with us. 

Lastly, if you continue to receive calls from this business, do not hesitate to include that in the remark

 

Can I Recover my Funds from Bityx?

So the worst has come to pass – you realize you parted with your money too fast, and the site you used was a scam – what now? Well first of all, don’t panic!! If you think you have been scammed, the first port of call when having an issue is to simply ask for a refund. This is the first and easiest step to determine whether you are dealing with a genuine company or scammers. 

Sadly, getting your money back from a scammer is not as simple as just asking.  If you are indeed dealing with scammers, the procedure (and chance) of getting your money back varies depending on the payment method you used. PayPal Debit Card/Credit card Bank transfer Wire transfer Google Pay Cryptocurrency PayPal etc.

There are quite a number of ways to Get your Money Back if you have already invested money with them. And they refuse to process your withdrawal, which is extremely likely to happen and has been happening.

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