With the growing popularity of cryptocurrencies, more and more exchanges are popping up to meet the demand. However, not all of them are trustworthy. In this article, we will review Bitpie Exchange and determine whether it is a scam or not.
Overview
Before we dive into the details, let’s take a quick look at the important aspects of Bitpie exchange:
Aspect | Details |
Exchange Type | Cryptocurrency |
Regulated | No |
Warnings | Multiple warnings from financial regulators |
Trustworthiness | Dubious |
Currency Pairs | Limited |
Customer Support | Poor |
Trading Method | Unknown |
Trader Feedback | Negative |
Scam or Legit | Likely a scam |
Is Bitpie Exchange Regulated?
No, Bitpie Exchange is not regulated by any financial authority. When we searched in their About Us section we found some texts with literary meaning. They did not provide any proof or authorization for their licenses.
Warnings from Financial Regulators
Several financial regulators have issued warnings against Bitpie exchange. For instance, the Financial Services Agency of Japan has warned that the Bitpie Exchange is not registered in Japan and is not authorized to operate in the country. The Securities and Futures Commission of Hong Kong has also issued a warning stating that Bitpie Exchange is not licensed or registered to offer any type of financial services in Hong Kong.
Is Bitpie Exchange Trustworthy?
Based on the above information, it is difficult to say that Bitpie Exchange is trustworthy. The fact that it is not regulated and has been warned against by financial regulators is a red flag. Additionally, there have been reports of users losing their funds on the platform.
What Kind of Currency Pair Do They Offer?
Bitpie exchange offers a limited number of cryptocurrency assets:
- ETH: ETH, ERC20 Full Token, ETC and BSC, HECO, OKT, and other customs RPC
- Bitcoin ecosystem: BTC, BCH, BSV
- Stable Currency: USDT, ERC20, USDT-TRC20, PAX, USDC
- Solana, LTC, Tron, DOGE, etc.
Customer Support
Bitpie Exchange has poor customer support. They only provided some email addresses and social media links. They also don’t provide their physical addresses.
Trading Method (MT4 or MT5)
It is unclear what trading method Bitpie exchange uses. The exchange does not provide this information on its website, which is concerning. They only show to download their wallet and sign up to trade.
What Do Traders Think About Bitpie Exchange?
Traders have generally had negative experiences with Bitpie exchange. Some users have reported losing their funds on the platform, while others have complained about poor customer support. Additionally, the fact that Bitpie exchange is not regulated has made many traders wary of using the platform.
What To Do If You Get Scammed?
If you believe that you have been scammed by Bitpie exchange or any other platform, you should take the following steps:
- Contact the platform’s support team and report the issue.
- File a complaint with the financial regulator in your country.
- Contact your bank or credit card company and report the issue.
- Report the scam to the police.
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Final Thoughts
Based on the information above, it is likely that Bitpie Exchange is a scam. The fact that it is not regulated and has been warned against by financial regulators is a red flag. Additionally, users have reported losing their funds on the platform, which is concerning. If you are considering using Bitpie exchange, we recommend that you proceed with caution and consider using a more reputable and regulated exchange instead. It is important to do your own research before investing in any platform and to be aware of the risks involved with trading cryptocurrencies.
