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Do You Want to Know If BitChain Is Legitimate or a Scam Broker?
BitChain is one of those brokers that only really appear dodgy when you read the fine print. The site seems pretty typical, and it isn’t much outrageous about it. However, we also don’t find useful information, such as whether or not the broker is licensed and the names of the people who run it. However, when we looked at the documents, we found out what’s really going on with BitChain.
There Are Some Problems with BitChain
What we found in the fine print was a mess of fees and charges. Many brokers don’t charge for withdrawals and deposits. However, BitChain’s fees are huge. Inactivity fees, which are often normal, are 10% per month. This can be a significant amount of money if the broker stymies the customer so they can’t withdraw their money. We find out how they do this. BitChain offers bonuses that the customer may not be able to withdraw. This is why regulators don’t allow bonuses.
BitChain Was Flagged for Any of the Following:
The following are common reasons brokers get flagged by regulators or identified by customers as scams
- No license
- Misleading statements
- High fees
- Bonuses that hamper withdrawals
- No transparency
- Verified customer complaints.
If You Need Fund Recovery from BitChain, Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.