Bitdeer is a cryptocurrency broker that offers trading services to customers globally. The company claims to provide a secure and reliable trading platform for its customers. However, there have been several complaints from customers who have accused Bitdeer of scamming them.
Company Overview
Bitdeer is a cryptocurrency broker that offers trading services to customers worldwide.Â
Broker Name | Bitdeer |
Website | https://bitdeer.com |
Location | Singapore, USA, |
Regulation | Unspecified |
Products/Services | Bitcoin Mining and Data Center |
The company is based in Singapore, and they don’t provide any physical address. They mentioned that they have data centers in three locations, but they don’t mention the locations.
Team
Bitdeer’s website does not provide any information about its team members. They only provide their Founder Chairman and CEO details. But, in this era of cryptocurrency, these details are not enough to gain traders’ trust.
Services or Products
Bitdeer offers its clients access to a range of cryptocurrency trading instruments. Some of the cryptocurrencies available for trading on Bitdeer’s platform include Bitcoin, Ethereum, Litecoin, and Ripple.
Trading Platforms
Bitdeer does not provide any trading platform details or demos. They require you to signup to join their platform. Then you can see their platform details and all other stuff.
License and Regulations
License Status
Bitdeer claims to be a licensed and regulated cryptocurrency broker. However, the company does not provide any information about the regulatory bodies that have licensed it. They claim they are operating under another company BitMain. But, both company does not provide any information or proof of their license from Singapore and USA.
Regulation Status
As they originated in Singapore and operate in the USA, they should have regulations and licenses from MAS and FNMA. But, we don’t find any license or regulations from these regulators.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Why Dealing With Unlicensed Brokers Is Risky?
Dealing with unlicensed brokers is risky because they are not bound by any regulatory bodies. This means that they can engage in fraudulent activities, such as manipulating prices, misrepresenting information, and stealing client funds. Furthermore, unlicensed brokers are not subject to regular audits, which increases the risk of fraud.
Legal Warnings Against Bitdeer
Currently, we don’t find any warnings against them, as they are operating since 2018. They are a recent company and they might not get the attention of the regulatory authorities.
Client Feedback About Bitdeer
About Trading
Several clients have accused Bitdeer of fraudulent activities. They claim that the broker engages in price manipulation, misrepresenting information, and stealing client funds. These allegations raise serious concerns about Bitdeer’s credibility and legitimacy.
About Customer Service
Several clients have complained about Bitdeer’s poor customer service. They claim that the broker is unresponsive to their complaints and requests. This lack of customer support indicates that Bitdeer does not value its clients and raises concerns about the broker’s legitimacy.
How Can FXfarmupdate Help You If You Get Scammed?
FXfarmupdate is a website that provides information about regulated and licensed brokers. If you have been scammed by an unlicensed broker like Bitdeer, FXfarmupdate can help you recover your funds. We will evaluate the case and will provide you with a free consultation and service recommendations that will help you in recovering the fund.
Final Thought
Bitdeer is an unlicensed and unregulated cryptocurrency broker that has been accused of fraudulent activities by several clients. The lack of transparency about the company’s license and regulation status raises serious concerns about its legitimacy. It is crucial to do thorough research before investing in any cryptocurrency broker to avoid falling victim to fraud. If you have been scammed by Bitdeer or any other unlicensed broker, you can seek help from regulatory bodies and websites like FXfarmupdate.
