Bitexfy Review: Get Refund If Scammed by Broker

This broker is a complete scam. Bitexfy, a platform masquerading as a reputable cryptocurrency exchange, is anything but. This article delves deep into the murky waters of this alleged scam broker, exposing its deceptive tactics and red flags to warn potential victims.

What is Bitexfy?

Bitexfy presents itself as a haven for cryptocurrency enthusiasts, promising lucrative investment opportunities and secure trading. However, its claims are hollow shells masking a web of deceit designed to swindle unsuspecting individuals out of their hard-earned money.

Bitexfy Details:

Deposits and Withdrawals:

Cryptocurrency can be purchased through some electronic wallets, including Bitpay, Simplex, and Banxa. Although using a third-party payment processor makes things more difficult, refunds are still achievable.

Regarding costs, Bitexfy levies a 0.00007 BTC (about 1.94 USD) deposit fee and a 0.00018 BTC (about 5 USD) withdrawal fee for Bitcoin withdrawals.

The dishonest exchange won’t let you take money out. Therefore, within 540 days after the transaction, you can submit a chargeback at your issuing bank if you deposited money using your MasterCard or VISA credit/debit card.

If you have lost money to companies like Prime Forexlyfe, or GT-Trader; please report it to us on our Report a Scam form.

Account Types:

Bitexfy offers tiered account types with varying benefits, but these are mere illusions. All accounts seem equally susceptible to withdrawal issues and hidden fees.

Red Flags and Warning Signs:

The site is run by Bitexfy Financial Company, which is purportedly situated in Malta and complies with local laws and regulations, as stated in the Terms and Conditions.

Like Global FX, the platform is essentially anonymous and unregulated, as we were unable to locate any such firm in the Maltese Financial Services Authority’s (MFSA) register. 

Additionally, because Malta is a member of the EU, the European Securities and Markets Authority (ESMA)-drafted common norms and laws enforced by the MFSA. Without the required license, and a MiFID passport, Bitexfy is not allowed to conduct business on the old continent. 

Customer Complaints and Negative Reviews

A vast pool of online complaints paints a grim picture. Users report losing funds due to withdrawal issues, hidden fees, and unresponsive customer support. These negative reviews are a stark testament to Bitexfy’s fraudulent nature.

Bitexfy Alternative Brokers:

Instead of risking your funds with Bitexfy, consider reputable, regulated cryptocurrency exchanges like Coinbase, Binance, or Kraken. These platforms offer secure trading environments, transparent fees, and reliable customer support.

Got Scammed by Bitexfy? We Help Victims!

If you’ve fallen victim to Bitexfy’s deceptive scheme, you’re not alone. Several resources and organizations exist to help victims recover their lost funds. Seek legal assistance and report the scam to relevant authorities to combat these fraudulent platforms.

Several sources can help you in this situation. But, if you cannot get help from legal sources and get stuck in a long queue, we can help. We will analyze your case quickly and will provide you with professional guidance through a free consultation.

Bitexfy is a wolf in sheep’s clothing, luring unsuspecting individuals into a web of deceit. Heed the red flags, listen to victim testimonials, and choose legitimate, regulated platforms to safeguard your investments. Remember, if it sounds too good to be true, it probably is. Stay informed, stay cautious, and trade wisely or You Can report to us today by the below form.