✔️ Information reviewed and updated in June 2024 by Eduardo López

IS Bit-Wise RELIABLE? OPINIONS

In this post I will discuss Bit-Wise. Is it the broker for cryptocurrencies, raw materials, stocks, forex and ETFs Bit-Wise (with bit-wise.co website) really reliable? Is it safe to invest your money with this company? I will examine this company in detail.

I will explain to you why I think Bit-Wise is an UNSAFE company AND I CONSIDER IT AS UNTRUSTABLE. BE CAREFUL WITH THIS KIND OF COMPANIES!


ℹ️ BROKER DATA:

Here are two things that I would like to highlight, (1) the first thing that is important to know is about its regulation and (2) the second is the location of the company. These are two data of vital importance to be able to measure the seriousness and reliability of a company.

Does the company have no regulation or is it regulated by an unserious country? Is the company located in an unreliable place or does it not mention where it is located? These are questions that every investor should ask about the reliability of the company.

InformationAbout the company
Company typecryptocurrency, raw materials, stocks, forex and ETFs broker
(I.e. CompanyNot mentioned
📄 RegistrationNot mentioned
🛡️ RegulapainNot mentioned
???? AddressSwitzerland, United States and United Kingdom (appears to be false)
🌐 Websitebit-wise.co
📧 Email [email protected]
️ ️ Phone+41225013107
???? Live ChatNo
💳 Payment methodsNot mentioned
🕑 Website ageYour registration date was: January 16, 2024 (very recent)

📞 LIST OF PHONE NUMBERS:

+41225013107


💰 DEPOSITS AND ACCOUNTS:

Here is a small analysis of the types of plans/accounts that Bit-Wise offers; They are divided into 4 plans/accounts. Here is a table with a little more information about minimum deposits by type of plan/account.

TYPE OF plans/accountsMINIMUM INITIAL DEPOSIT
Basic $5,000
Silver$25,000
Gold$50,000
Premium$100,000
Black-

🌐 WEBSITE – WEBSITE:

Below you will see the company's website and a small analysis about the website:

Bit-Wise website
  • Age of the website: the domain “bit-wise.co” was registered on January 16, 2024. That is, it is a website that is not very old. 🚩
  • The page does not reveal who the owner is, evidencing a lack of clarity in fundamental data. 🚩
  • Reiterating what was previously mentioned: The company does not provide information about its regulation, suggesting that it is probably unregulated. 🚩

⭐Bit-Wise OPINION:

After having carried out an analysis of the company, I have come to the following conclusions:

1) The company claims to have offices in Switzerland, the United States and the United Kingdom, but this appears to be a misleading strategy about its true location. I recommend extreme caution.

2) There is no mention of regulation or details about its regulatory status on the website. This leads me to believe that it is an UNREGULATED company.

3) It seems that the company is quite new and has little experience. According to my research, the domain “bit-wise.co” was registered on January 16, 2024, which is very recent.

4) The company has a very negative reputation online, with several customer complaints.

5) The company has been denounced by financial regulators such as BaFin, the Federal Superintendency of Financial Supervision. It is a very unsafe entity, so be very careful.

“To be honest with you, I wouldn't put my money in such a company: it has no regulation. It does not specify which entity it belongs to. Frankly, I cannot recommend a company like this.”


💬 WHAT TO THINK OF A COMPANY LIKE Bit-Wise?:

Bit-Wise presents numerous warning signs that should worry any potential investor. First, the page does not reveal who the owner is, evidencing a absence of clarity in fundamental data 🚩. Additionally, the company claims to have offices in Switzerland, United States and United Kingdom, but this seems to be a misleading strategy about its true location. I recommend extreme caution when dealing with this company.

Another critical point is the lack of regulation. There is no mention of regulation or details about its regulatory status on the website, which leads me to believe it is a company NOT REGULATED. This lack of regulatory oversight significantly increases the risks for investors. Besides, Bit-Wise seems to be a company quite new with little track record. According to my research, the domain “bit-wise.co” was registered on January 16, 2024, which is very recent and adds another layer of uncertainty.

Additionally, the company has a very negative reputation online, with various Customer's complaints. To make matters worse, Bit-Wise has been denounced by financial regulators as BaFin and Federal Superintendency of Financial Supervision, indicating that it is an entity very unsafe. 🛑 Given this series of warning signs, it is crucial to exercise maximum caution When considering any investment with Bit-Wise.


📣 LATEST UPDATES:

1) Update June 2024: la BaFin, Federal Superintendency of Financial Supervision, has denounced Bit-Wise.


✔️ CLAIM MONEY FROM Bit-Wise:

If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.

We work with a capital recovery service. here you can start money recovery.

In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.

Claim your money now!

If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.


🚨 REPORT Bit-Wise:

If you have been scammed by this company and you want to report it, I think the best option is to contact the financial regulator of the country where you live. Report what happened to the regulator. Here are some examples of financial regulators by country:

🇦🇷 Argentina: the financial regulator is CNV, here you can get in touch

🇧🇷 Brazil: the financial regulator is CVM, here you can get in touch

🇨🇱 Chile: the financial regulator is CFM, here you can get in touch

🇨🇴 Colombia: the financial regulator is the Financial Superintendence, here you can get in touch

🇪🇨 Ecuador: the financial regulator is SUPERINTENDENCE OF BANKS, here you can get in touch

🇪🇸 Spain: the financial regulator is CNMV, here you can get in touch

🇺🇸 United States: the financial regulator is FINRA, here you can get in touch

🇮🇹 Italy: the financial regulator is CONSOB, here you can get in touch

🇲🇽 Mexico: the financial regulator is CNBV, here you can get in touch

🇵🇪 Peru: the financial regulator is SBS, here you can get in touch

If your country is not on the list, leave a comment and I will gladly help you!


❓ FAQS – FREQUENTLY ASKED QUESTIONS:

What is Bit-Wise?

Bit-Wise is an investment broker in cryptocurrencies, commodities, stocks, forex and ETFs.

Is Bit-Wise a scam – is it a scam?

In my opinion it is, I think it's a scam. Taking into account different characteristics of this company, I must qualify it as a very bad and very unsafe one.

Is Bit-Wise reliable?

Bit-Wise is a company that I consider UNTRUSTABLE. It has characteristics that make it a very unsafe company: be very careful.

How to get money back from Bit-Wise?

If you have lost your money or been scammed, I recommend you try the capital recovery service.

Which broker is reliable to invest?

If you want to know a safe and reliable company, I invite you to see the ranking of best brokers and you can also check the 3 best brokers of the month.


Eduardo Lopez

Editor and Copywriter

I am Eduardo López Martínez, I was born in Madrid, Spain and I am 48 years old. I am a journalist and I am part of the Brokersdeforexconfiables.com team. Do you want to know a little more about me? I invite you to read my biography.

See publications of Eduardo López

Review rating: 5/5 - (169 votes)

2 comments on «IS Bit-Wise RELIABLE? OPINIONS»

  1. Olivia Reply

    This company never pays. I swear, they haven't let me withdraw, don't do it, listen to me.

    • reliableforexbroker.com Reply

      Hello Olivia, Bit-Wise is a SCAM, we are receiving many complaints from investors, they do not return the money, they should never invest in a broker without REGULATION.

      They create positive comments of their own to confuse investors and pose as a serious and legal company but everything is invented and if you mention our review they say that we are the competition and that is not true (we only do reviews of brokers).

      When you request a withdrawal of capital or benefits, if they make excuses and force you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not real, they try to take more money from you.

      If you want to recover the money you can do it from the CHAT on our website or by filling out the form at this link: Get your money back, we are with you

      Greetings.

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