Turkey’s first cryptocurrency exchange with its own blockchain offers “easy buying and selling” of cryptocurrencies. The platform’s owners claim a daily trading volume of 1.2b, with more than 1,000 transactions per second. However, no documentary evidence of its legal activities is provided on the site.
How reliable is this platform? Will you be able to get back your money invested in this resource? We decided to investigate the services and security of the exchange, and you will learn about the results by reading the Bitci review.
How to Invest
The project offers clients earnings on cryptocurrency rate changes and exchanges. In addition, developers provide their own tokens and earnings through staking, as well as fan tokens. Users can access:
- TRY, USDT, GIFT, and BRL markets.
- Storing cryptocurrencies in the wallet.
- Maker Commissions 0.25%, Taker Commissions 0.35%.
Members of the Referral Program will receive up to 25% of the invitee’s deposit. Draws of cryptocurrency or tokens happen all the time.
Users can study additional information and watch video lessons in the accounts of 4 social networks, to which there are links on the site. Communication with support is done via online chat.
Bitci Vital Info
The admins do not provide any information about the team or the history of the platform. In addition, only statistics, not confirmed by any reports, are presented to clients for familiarization in the “About Us” section of the website. When did this project start? As for the domain, it was registered in 2007. However, we learned that the crypto exchange has been operating since 2018 thanks to snapshots from the web archive.
The founders of the resource do not provide any official document that would confirm the legality of their work, which contradicts the policy of openness. Meanwhile, the BITCI GLOBAL brand, on behalf of which the agreement with users is concluded, is absent from the public register of legal entities in Turkey. Do administrators have the right to provide services to customers? Probably not. In fact, this organization does not exist in the legal field.
There is no proof here that the exchange works reliably and can be trusted. Where are the copies of licenses and documents with reporting? The names of the executives are not listed on the site. There are some anonymous founders. I looked at the company's social media accounts and didn't find answers to these questions there. There are also signs of a Ponzi scheme. All these high-yield investments and referral programs are all signs of HYIP projects.
Scammers took my deposit with 27k BRL. Blocked trading. They motivated their actions by the fact that I have several accounts on bitci.com.Tech support started to ignore my requests. I liked the site and service initially, but in the end it turned out to be a primitive scam.
A SCAM, not an exchange, that's for sure. I think so because Bitci has not withdrawn my money for more than a month… €3.5k, although I have already thrown a bunch of documents to their security service, but they are still pulling and pulling...
Do not invest in bitci! I realize that the temptation is great, as there are a lot of advertisements for this company on social networks. I myself believed in their reliability, and the fraudsters scammed me as a simpleton for 2,680 dollars! Believe me, these scammers have a bunch of tricks that will help them rob you.
Very nice and subtle SCAM. The programmers are good. The scammers stole my money for 680 dollars from a BITCI wallet almost two months ago, and today, finally, the support team responded to me as follows: “Hello! The request sent by you has been processed. The money has been sent to the owner of the e-mail address: al***ny@gmail.com”. My answer: “And why did you use such a complicated payment system - e-mail? You could have faxed it as well...”
Everything on this site is done so cheaply and artisanally that I cannot talk about any professionalism of the organization. A company that can not provide its customers with a normal, adequate platform, can not claim to be the most progressive. The design of this platform is confusing enough for each of the clients. The organization has developed its official web-resource in such a way that none of the users can’t understand what it actually does. Half of the tabs on the site do not open or you go to extraneous resources after clicking on the page. Bitci is an exchange with a disgusting exchange rate. You can trade Turkish lira paired with bitcoin here, but the BITCI/TRY pair trades at a weird rate. I checked with other Turkish exchanges, from which, by the way, as Bitci claims, the main liquidity is taken, and the rates of these exchanges are quite different. Is this a manipulation?
Bitci lied to customers about affiliate program income. They promise 25% of the attracted trader, but as soon as it comes to the transfer of remuneration, the company has difficulties :(( The support stops responding, etc.). I have already attracted several clients to them, but I have not received any rewards.
The exchange is nothing special. Bitci is an example of all the ways to attract customers are implemented here, such as numerous profiles on the network, although it would be more logical for them to develop unique products. The rating of the platform there is absolutely low and the trust of customers is also low. This exchange occupies the last place in all ratings of different experts. What good is it?!!! There are more convenient exchanges in the crypto market, which have licenses of regulators and therefore are more reliable. So, who will risk their money on Bitci? I think crypto investors should look for a more adequate platform with a financial license from a reputable regulator.
I saw a lot of interesting functionality on this crypto exchange, so I registered an account here. I think one should take advantage of everything that is available these days, to make money online, and cryptocurrency is a deep ocean of opportunities and it would be very foolish to miss out on such an asset. Trading, long investments, staking, referral programs are all things I use to build wealth. I have accounts not only here but also on other sites so that I can be more active and make more money. I keep a small portion of my crypto assets here in staking and inviting people through referral links. I haven't earned much yet because I am not a super influencer to get a lot of my subscribers to respond and follow the referral link to Bitci, but it is a process started and I hope all my efforts will bring some profit. However, my time here is still short, so I can't boast of much income. I have been actively trading here for less than 3 months. Yes, this period is short, but still I can already draw some conclusions about the work of the software. In general, I have not seen anything suspicious here. Everything functions very well, for example, the trading terminal is simple, but it works amazingly, and all the necessary tools are available on the exchange. I have not communicated with tech support, but my referrals say that consultants work promptly and always help clients to sort out any questions. So, I can recommend Bitci, because the site is tested by me, but you need to observe the protection from risks. You yourself understand that without it you can not successfully earn anywhere.
I realize that wallet security is an important aspect of the exchange's work. But on the other hand - it was for this reason that I could not withdraw money from my account. Moreover, my bitci profile was blocked with the amount of 12,630 USDT. Do you want to know the details? It happened because I logged into the account from a different ip address!!! I've never seen this before. I sent all my personal data to bitci.com, but these crooks just robbed me in the end, explaining the reason for the protection of my funds!!!! The support service does not respond to my inquiries after blocking my account. I do not recommend anyone to work with this scam project.
Excellent trade execution speed is on bitci.com, which allows me to quickly convert tokens to USDT stablecoin in times of sudden volatility. There is a small commission here, but it is lower than on Binance for exchanging fiat money. There may not be as many investment instruments present on the site. However, there is everything you need for trading. Account protection - two-factor authentication with a confirmation code coming to your phone. I recommend this crypto exchange!
An interesting cryptocurrency exchange that requires careful vetting. Crypto services nowadays include a lot of scams and this platform could be fraudulent too, so you need to thoroughly check and weigh the pros and cons of bitci. I don't know for sure if it's a scam or not, so I can't say that you will definitely lose your funds, but I can definitely tell everyone who wants to try trading, exchanging or storing crypto here and so on - invest only the funds you are willing to lose. Then it will be much easier for you psychologically if something does not go according to plan. I might try bitci service too, but later, when I have more free time and money.
I've been working on staking for about four months, and I was about to write a good review until this horrible thing happened. BITCI managers debited 0.5 BTC from my account. I thought that such things happen only in horrible dreams. And then I read carefully the terms of the user agreement and saw that it is written in plain text that BITCI could manipulate my account at will. In general, the crypto exchange just stole my funds, allegedly for some maintenance of my account :( That's my whole story.
Trading on the exchange is arranged safely. There are limits on withdrawing money without user verification. It is good that such an option is provided here. I use their wallet, where the currency is stored without risk of loss. As the wallet is cold, it does not compare to the method of storing crypto on the exchange itself, where there may be blocking of the platform by the regulatory authorities of any country in which this service is available. Such an unpleasant event happened to me once on another exchange.