BitMarket is a European crypto currency exchange broker that offers both of the fiat-to-crypto and crypto-to-crypto trading. The broker has not shared enough information about itself on its website. The transaction fees charged by the broker depend on the type of transaction, as well as on the trading volume of the trader. The broker BitMarket also offers leveraged trading along with swaps contracts investments. The claim of broker for steady income by providing liquidity to the traders on margin trading stands absurd. BitMarket supports only two fiat currencies, one is PLN and other is Euro. So, the clients of this broker don’t have much options for buying cryptos.
BitMarket claims to be a Polish exchange, but is registered in the Seychelles, which makes the broker legit status doubtful. Companies registered in offshore zones are generally appears out of trust. Another alarming sign of this broker being a scam is the trading fees, which are higher than what are used to be charged by other exchanges. Those who don’t trade in large volumes are charged with 0.45% taker fee, which is double the size of the what most other companies charge around that is around 0.20% to 0.25%.
If you have traded with Bitmarket and believe you have been scammed by them you have a chance to get your money back. Many unregulated brokers have been found to scam traders. At Broker complaint registry it’s our job to provide you detailed Bitmarket review and make sure you can fight back and get your money refunded. By filling the form you have taken the first step to recover your money.
Is Bitmarket a scam or legit broker?
Bitmarket has been suspected as a scam broker. We don’t recommend to trade with them and if you are trading with Bitmarket contact them immediately and try to get your fund out. If the Bitmarket has done the following, you have probably a victim of Bitmarket scam broker.
Reason to suspect a scam broker is in action:
The broker froze your account
The broker blocked your account
You cannot login back into your account
Money has been taken out from the account
The broker doesn’t take your calls
The broker shut down his website
You noticed the broker took money out from your bank account with out your permission
The broker is offering you a bonus
The broker is offering you to fund more money into the account after you lost a large sum
Don’t give up. You can fight back and get your money refunded. Start by filling the form above and we will get in touch with you and provide you with information on how to start the process.