Blocktrade exchange is operated by BlocktradeOperations OÜ registered in Estonia. Since 2018 their business grew to more than 10 thousand users. Yet, to compare them with the world’s leading exchange would be a shame.
In any case, our detailed Blocktrade Review presents you with its key features. Not only that but also some potential warning signs that should make you rethink your decision of joining this company.
As with any other trusted exchange, Blocktrade.com should have its license transparently presented. Hardly found in their T&Cs, we found the desired number: FTV000299. This number should lead into the Estonian Financial Intelligence Unit register and show us their virtual asset service provider authorization.
Yet, it doesn’t. Moreover, there is another crypto exchange using the same number and registration address in Luxembourg that Blocktrade uses as well. Anyway, they mention they are regulated in Italy and Slovenia as well. But, the license numbers are not visible anywhere. These irregularities make any investor wonder about their legitimacy.
To avoid similar irregularities you should stick to more reliable exchanges. Or even licensed brokers. In any case, don’t hesitate to share your experience with us. At least we can help you with the refund if needed.
The company gets new investors with their game-changing moves. With gamified universe and BTEX trading, they bring something exciting. But still, they require investors to bring more people in exchange for a referral reward.
Thus, some traders reported issues with those commission payments. Let us know what got you interested in this broker. Don’t forget that our specialized team can advise you for a refund if you had issues with any investment company.
Their tentacles are spread everywhere. With their BTEX token, they managed to build a wide range of clients. Like any new token. But mostly their clients are coming from:
If you don’t find your country here, feel free to add it in the comment section. Let us know as well if you had any issues with this company and we could help you solve it. After all, don’t miss to check our cex.io review as well to learn more about crypto exchanges.
On the positive side, Blocktrade exchange offers a dedicated mobile app. It’s available either for iOS or Android users. Thus, it only has a bit over 10K downloads on PlayStore.
Blocktrade investments are based solely on cryptocurrencies. Besides its own BTEX token, you can trade a variety of cryptos. Some of the main assets are:
Generally speaking, the company doesn’t offer any financial benefits for depositing more money. Thus, for the referral program, the situation is different and you have 6 different stages. Nevertheless, the minimum deposit is $1 for a crypto transfer and $3 for a FIAT transfer.
Surprisingly, the company doesn’t have marketplace fees. Thus, the exchange fee is 0.3%, a bit higher than usual. As for the depositing, you can expect fees of up to 5% for card transfers and 0.15% for SEPA. All the other detailed fees you can find on the Blocktrade website.
In general, yes. But after checking the company’s reviews and not fully transparent regulation details, you can expect potential issues. Instead of risking and having headaches, you can opt for more reliable exchanges. But also, for full protection, you can even sign up with Tier 1 licensed brokers and avoid any irregularities.
The general solution is always to contact the regulator. But also sharing your experience with us is a good start. Nevertheless, traders only report problems if they have withdrawal issues. Very few investors care about some technical issues with Blcoktrade app or support. They only care about their money.
Considering the fact that you can use a card transfer, you can as well apply for a chargeback. In case, you were using a crypto transfer you can use alternative methods. Luckily, our expert team can provide you with detailed information and guidance. Booking your fir
Blocktrade is an Estonian crypto exchange operating since 2018 in various countries worldwide.
The legitimacy is open for speculation considering multiple negative reviews and unclear license information.
Considering the potential issues reported you might as well rethink the decision. In any case, if you experience any funds issues, contact our team for assistance.
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