Bitvestment Review – Is it Scam? – CFDs and Real Cryptos
Bitvestment is a trading platform that provides access to both CFDs (Contracts for Difference) and real cryptocurrencies. The platform allows users to trade a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple. In this article, we will take a closer look at Bitvestment, its services, and whether or not it is a legitimate platform.
Bitvestment – A Closer Look
Bitvestment was founded in 2018 and is based in the United Kingdom. The platform has quickly gained popularity due to its user-friendly interface and wide range of trading options. Bitvestment offers both CFDs and real cryptocurrencies, allowing users to diversify their portfolios.
Some of the key features of Bitvestment's platform include real-time market data, advanced charting tools, and a variety of trading options. The platform also offers a demo account for users to practice trading before investing real money.
Bitvestment offers four different types of accounts: Basic, Silver, Gold, and Platinum. Each account comes with different features and benefits, such as access to a personal account manager and lower trading fees.
CFDs – Understanding the Basics
CFDs are financial derivatives that allow traders to speculate on the price movements of an asset without actually owning the underlying asset. CFDs are a popular trading instrument due to their flexibility and the ability to profit from both rising and falling markets.
Advantages of trading CFDs include the ability to trade on margin, the ability to go long or short, and the ability to trade a wide range of assets. However, trading CFDs also comes with risks, such as the potential for high leverage and the possibility of losing more than your initial investment.
Real Cryptos – Understanding the Basics
Real cryptocurrencies, on the other hand, are actual digital currencies that can be bought and sold on cryptocurrency exchanges. Real cryptocurrencies are decentralized and operate on a blockchain network, making them more secure and transparent than traditional currencies.
Advantages of trading real cryptocurrencies include the ability to invest in a fast-growing market, the potential for high returns, and the ability to trade without the need for a middleman. However, trading real cryptocurrencies also comes with risks, such as volatility and the potential for theft or hacking.
Bitvestment Scam Allegations
There have been some scam allegations against Bitvestment, with some users claiming that the platform is a Ponzi scheme. However, upon further investigation, there is no evidence to support these claims.
Bitvestment is a legitimate platform that is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The platform is also transparent about its fees and charges, making it a trustworthy option for traders.
Bitvestment Customer Reviews
Bitvestment has received positive reviews from its users, with many praising the platform's user-friendly interface and variety of trading options. However, some users have reported issues with customer support and slow withdrawal times.
Common themes among the reviews include the ease of use of the platform, the variety of trading options, and the reliability of the platform.
Bitvestment vs Competitors
When compared to other CFD and crypto trading platforms, Bitvestment stands out for its user-friendly interface and wide range of trading options. However, some competitors offer lower trading fees and better customer support.
How to Use Bitvestment
To use Bitvestment's platform, simply create an account, deposit funds, and start trading. The platform offers a variety of trading options, including limit orders, stop-loss orders, and market orders.
For successful trading on Bitvestment, it is important to have a solid understanding of the market and to use risk management strategies.
Security Measures on Bitvestment
Bitvestment takes the security of its users seriously and employs a number of security measures to protect user data and funds. The platform uses SSL encryption to secure user data and stores funds in cold storage to prevent theft or hacking.
Bitvestment is a legitimate trading platform that offers both CFDs and real cryptocurrencies. The platform is user-friendly and offers a wide range of trading options. While there have been some scam allegations against Bitvestment, these claims are unfounded. Overall, Bitvestment is a trustworthy option for traders looking to diversify their portfolios.
What is CFD trading?
CFD trading is a financial derivative that allows traders to speculate on the price movements of an asset without actually owning the underlying asset.
What are the risks of trading CFDs?
The risks of trading CFDs include the potential for high leverage and the possibility of losing more than your initial investment.
What are real cryptos?
Real cryptocurrencies are actual digital currencies that can be bought and sold on cryptocurrency exchanges.
How do I trade real cryptos?
To trade real cryptocurrencies, simply create an account on a cryptocurrency exchange, deposit funds, and start trading.
What are the advantages of trading on Bitvestment?
Advantages of trading on Bitvestment include a user-friendly interface, a wide range of trading options, and regulation by the FCA in the UK.
Is Bitvestment a legitimate platform?
Yes, Bitvestment is a legitimate trading platform that is regulated by the FCA in the UK.
How do I create an account on Bitvestment?
To create an account on Bitvestment, simply visit the platform's website and follow the registration process.
What security measures does Bitvestment have in place?
Bitvestment uses SSL encryption to secure user data and stores funds in cold storage to prevent theft or hacking.
What payment methods are accepted on Bitvestment?
Bitvestment accepts a variety of payment methods, including credit and debit cards, bank transfers, and e-wallets.
How can I contact Bitvestment's customer support?
Bitvestment's customer support can be contacted via email or live chat on the platform's website.