Beware of Bitoneu: A Review of the Company’s VIP Program

One of the glaring issues with Bitoneu is the lack of transparency. While they do provide terms and conditions, crucial details such as founder information, addresses, and legal entity information are conspicuously absent. This lack of transparency should serve as a red flag for potential investors.

Furthermore, Bitoneu has been associated with a pattern of scamming. They operate under various brands, including gevetex.com, which is still active, as well as others like koypex.com and koygex.com, which have already become inactive. This pattern underscores the importance of conducting thorough research before engaging with the company.

To safeguard against falling victim to their schemes, it’s essential to thoroughly review this Bitoneu review.

Is Bitoneu Legit or a Scam?

Given the information presented thus far, it’s evident that Bitoneu is, indeed, a scam. However, it’s crucial to understand the tactics they employ to avoid falling prey to similar schemes in the future.

One of the primary issues with Bitoneu is the absence of regulatory oversight. Without licenses from reputable bodies such as FCA, BaFin, ASIC, or others, their services cannot be trusted. This is particularly concerning given the company’s claim of a quarterly trading volume of $137 billion.

Who are Bitoneu’s Victims?

Bitoneu primarily targets countries such as Germany, Netherlands, United Kingdom, Sweden, and Norway. Lack of public reviews coupled with the recent registration of their domain in February 2024 suggests that potential victims need to exercise caution.

Leverage, Commissions, Spreads, Fees, and Taxes

Bitoneu’s trading fees are fixed at 0.2% for regular users, but they offer a reduced fee of 0.14% for VIP account holders. However, even with these reduced fees, Bitoneu cannot compete with top-tier licensed firms.

Bonuses

While bonus funds can be enticing, especially in ICOs, it’s advisable to avoid accepting any from Bitoneu given their dubious activities.

Bitoneu Trading Features

Traders do not have access to trusted wallets on the Bitoneu platform. Instead, they purchase cryptocurrencies that are presented on a spot trading platform. This lack of transparency raises concerns about the security of investors’ funds.

Trading Platforms Available

Bitoneu’s web-based platform lacks trustworthiness, and without a reliable mobile app, investors may find it challenging to trade securely.

Available Trading Assets

Bitoneu’s platform suffers from constant system errors, making it difficult to ascertain the range of assets they offer. However, given the company’s flaws, it’s advisable to avoid registering with them altogether.

Account Types

VIP accounts offer perks such as VIP support, fast withdrawals, and VIP trading signals. However, the lack of transparency regarding deposit requirements is concerning and suggests a potential scam.

Mobile Trading App

Bitoneu lacks mobile apps, further highlighting their focus on extracting money from investors rather than providing a user-friendly experience.

Demo Account

Bitoneu does not offer demo accounts, indicating their lack of interest in improving user experience or educating investors.

Education

Bitoneu provides no educational resources for customers to learn about cryptocurrencies, a stark contrast to legitimate platforms that prioritize investor education.

Bitoneu Withdrawal

Withdrawals from Bitoneu are challenging due to the company’s lack of regulation and transparency. Expect numerous excuses and delays when attempting to withdraw funds.

Customer Support

While Bitoneu advertises 24/7 support, the only contact option is via email, which allows them to filter responses. Investors should be wary when seeking assistance from the company.

Key Information to Consider About Bitoneu

With numerous brands shut down and absolute anonymity, Bitoneu poses significant risks to investors. Rather than attempting to resolve issues with the company directly, victims should seek assistance from refund experts who can advise them on their options for recovery.