In this review, we will look at an exchange named Tipitek, which seems more like a CFD broker, as this financial instrument is offered to traders. The company was founded in 2017, but it cannot prove this. It also shares impressive statistics: more than 1 million users and a daily turnover of $312 million. Even experienced and well-known platforms cannot boast such results. If we believe the official website, the organization’s offices are located in Singapore and the United Kingdom, but no licenses have been obtained. Is it worth trusting such a company, or is it better not to take the risk?

How to Trade

Tipitek has an uncharacteristic minimum deposit for crypto exchanges – $500. In addition, the platform offers traders 6 types of accounts, as forex brokers like to do. The better the account type, the more services and opportunities are available:

  • Email newsletters.
  • Consultations from specialists.
  • Personal manager.
  • Passive income.
  • Signals.
  • Risk-free trades.
  • Algo trading.

The leverage is limited to 1:5-1:20, depending on the chosen tariff plan. The firm provides access to more than 300 assets, but these are not spot or futures contracts, but CFDs.

The trading platform is presented in the form of a classic WebTrader with minimal functionality. The chart is taken from the popular service TradingView, so traders can use various tools for technical and graphical analysis.

Tipitek Vital Info

The company’s foundation date is 2017, but what proof is there? None. For example, the domain of the official website was registered in 2020, but according to data from WebArchive, until 2023, it hosted a completely different organization whose services were very different from cryptocurrency trading. And only in the summer of 2023 was there an update that we can observe now. Moreover, the specified Singapore legal entity has financial statements only for 2022 and 2023. It is likely that Tipitek falsifies data about itself.

The exchange is legally located in the United Kingdom and Singapore. In both jurisdictions, the company must obtain licenses. In the first case, this is the FCA, in the second, the MAS.

Tipitek was not found in the FCA and MAS registries. This indicates illegal activity. Such a company cannot officially and legally operate in the specified jurisdictions.


What are the key facts about Tipitek?

So, the firm states that it has been operating since 2017, but in reality, it has been active since 2023, as there are refutations in the form of data on the registration of the domain and the legal entity in Singapore. Therefore, it is very likely that information about 1 million traders and a multi-million dollar turnover is fake. Also worth noting is the absence of a license, even though the office addresses are located in Singapore and the United Kingdom. In these countries, state financial commissions do not allow crypto exchanges and brokerage organizations to operate without a license. We have checked the FCA and MAS registries to confirm the lack of regulation. The question arises - are the offices real? No such firm was found in the UK legal registry. The Singapore registry does have a legal entity CRYPTOCOINPAY LTD, but it is not a fact that it is related to the object we are examining.

What's the risk to my wallet when working with this exchange?

The platform is very risky and suspicious. Most of the information, if not all, is fabricated. This is a negative factor that cannot be overlooked. Additionally, Tipitek calls itself a cryptocurrency exchange, but by all indications, it is a CFD broker. Users are literally being misled. We believe that the main risk of cooperating with such an organization is to fall for fraud. There is a high likelihood that the company is engaged in illegal and fraudulent activities, so the withdrawal of the deposit is unlikely to be available.

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