Cryptopia is a cryptocurrency exchange based in the New Zealand. It claims to support more than 400 different cryptocurrencies. Cryptopia also claims to have one of its kind two-factor security verification which includes Cryptopia’s own hardware dongles, however, this claim is not verified. Cryptopia seems to permit investors from the USA but did not hold any license to provide its services in the USA. Therefore, USA residents who would invest with this broker can’t held the broker accountable for any discrepancy in the trade. The broker’s claims do sound attractive but the original case is different from these claims.
The broker is an unlicensed broker that charges hefty fees from the traders in the name of providing hundreds of assets. The fees charged by the broker include deposit fees, withdrawal fees, and trading fees. The fees chargeable on the deposit increases with the increase in the amount of fund being deposited. Cryptopia offers only wire transfer as a method of deposit, and one can’t deposit funds via credit, debit card or e-wallets. This is another sign of opaqueness of this broker, as claiming itself as a leading exchange but not offering flexible payment methods. Concluding all these facts, we would not recommend you to invest with this broker.
If you have traded with Cryptopia 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 Cryptopia 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 Cryptopia a scam or legit broker?
Cryptopia has been suspected as a scam broker. We don’t recommend to trade with them and if you are trading with Cryptopia contact them immediately and try to get your fund out. If the Cryptopia has done the following, you have probably a victim of Cryptopia 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.