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.
FAQ
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.
How can I give my thoughts about tipitek.com?
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The Goods & The Bads
Accounts on social media.
Many suspicious and dangerous aspects regarding the company's registration.
I looked at the trading conditions at tipitek.com and can't say anything good. First, I still don't understand why they call themselves a cryptocurrency exchange when in fact they are not. Only CFDs are offered here, so there is no real liquidity. I can't buy an altcoin here and withdraw it to my wallet to have it in my blockchain. Secondly, a minimum deposit of $500 looks scary. Moreover, you cannot test the service and platform, as no demo account is offered here. So, the trading conditions are made as terrible and stupid as possible.
An experienced trader and crypto enthusiast advised me to stay away from such a scam. I recommend the same to everyone else. He found an interesting thing. The platform previously referred to the legal entity Cryptoves, which was actually liquidated in 2021. Now the scammers have changed Cryptoves to CRYPTOCOINPAY LTD, but this firm also has nothing to do with Tipitek. Moreover, in the UK, they actually do not have an office. So, you see how many red flags there are. That's why you shouldn't invest money here, as the scammers will appropriate it for themselves.
I agree, withdrawal is not available. Very sad news for me. I invested 10% of my capital in tipitek.com, and now I can't withdraw it. In 2022, I lost 25% in FTX, and now here. It's really annoying to lose part of the funds so stupidly.
I want to warn everyone, especially beginners. You cannot trust these fraudsters. They steal the crypto that users bring in. The company operates illegally, I'm not even sure it really exists. If it did exist, it would have been closed long ago, and the founders would have been put in jail.
Tipitek is an absolutely illegal firm, created by fraudsters and criminals. Trading here should be avoided, and the platform should not be recommended to others, as it dooms them to a scam. Unfortunately, there is no way to fight such fraud, but it is possible to warn people and educate them, so there are fewer gullible traders, then such fraudsters will have fewer clients!
Attention! tipitek.com is a fraudulent site created in the summer of 2023. There can be no founding date of 2017. The scammers cannot prove that they started their activity in 2017. However, there are concrete proofs that this fake exchange began operating in 2023.
Again, look at when the domain of the official site was registered. You will understand everything. Additionally, you can study the dates of the appearance of reviews and comments on the internet; everything will be clear there as well, as they began to appear after the site was registered.
Why is Tipitek absent on Coinmarketcap/Coingecko/DefiLama? What do you think? Because it is a fake exchange, and such aggregators and monitors do not add fraudulent and fake projects. That's all. Draw your conclusions, gentlemen.
The day before yesterday, I registered an account at Tipitek to test the platform. I have not yet topped up the deposit, as it can only be replenished with cryptocurrency, although I would like to do it with a Mastercard. Moreover, I have not found a demo account. I would like to first get the hang of it, to understand the interface and capabilities like a fish in water, but I did not find such an option.
In general, Tipitek has not been able to please me so far. I thought it was some more serious organization. After all, such figures are indicated on the site, supposedly a million clients, hundreds of millions of daily trading turnover, offices in several countries, and a huge staff of employees. Apparently, this turned out to be a lie, or I am very mistaken, but time will tell. I have refrained from topping up the deposit for now.
Now I can definitely say that tipitek is a pathetic parody of an exchange or broker… these are scammers who have stopped making contact, and at the same time do not want to process the withdrawal request… the amount is $4,500…
I don't see tipitek on coinmarketcap or coingecko… no one subscribes to them on twitter, there are only bots in the subscribers… so many red flags in one place… such should be avoided…
As far as I know, for this platform to operate legally in England, it needs to obtain a license from the Financial Conduct Authority. However, I don’t see that they have done this. In that case, they would not have been able to open an office in this country without the regulator's approval. In general, everything is easy and clear. Tipitek is some kind of illegal fraudsters shack.
Can I probably forget about my $1,500? Last week, I invested $1,500 in Tipitek to try trading bitcoin and ethereum on this exchange. Leverage of 1:5, a lot of assets, and seemingly a decent platform. Nothing seemed to presage trouble, but then I started to study the company more closely, and it turned out that its activity is very likely fake. Some confusion with the legal entity in Singapore, and in the UK there is no such company at all. I immediately applied to withdraw my money, which is $1,400, as I already managed to lose $100, catching a few unprofitable trades. I tried to play long, the cryptocurrency collapsed well a few days ago, and I played from the long. But never mind. These $1,400 are still hanging on the balance, although 3 days have passed. And here I think, damn, did I really stumble upon a scam? And now there's nothing I can do? Has anyone else encountered such a situation? How did you solve the problem? Can you suggest anything to me, any solutions, or can I just forget about the money and cry into the pillow that some anonymous scammers deceived me like the last blockhead?
There are almost no reviews of the platform on the internet, there are some, but mostly exposures and negative comments. Sometimes there are positive reviews, but they seem to be bought, not real. Somehow, I am 100% sure that all the facts that Tipitek tells about itself are fake. They can't even provide real evidence. How can you believe just words on the internet? You should not take such a huge risk upon yourself. Do not invest money in such sites, you will lose your funds quickly and unexpectedly. And no one can protect you.
I looked at the trading conditions at tipitek.com and can't say anything good. First, I still don't understand why they call themselves a cryptocurrency exchange when in fact they are not. Only CFDs are offered here, so there is no real liquidity. I can't buy an altcoin here and withdraw it to my wallet to have it in my blockchain. Secondly, a minimum deposit of $500 looks scary. Moreover, you cannot test the service and platform, as no demo account is offered here. So, the trading conditions are made as terrible and stupid as possible.
An experienced trader and crypto enthusiast advised me to stay away from such a scam. I recommend the same to everyone else. He found an interesting thing. The platform previously referred to the legal entity Cryptoves, which was actually liquidated in 2021. Now the scammers have changed Cryptoves to CRYPTOCOINPAY LTD, but this firm also has nothing to do with Tipitek. Moreover, in the UK, they actually do not have an office. So, you see how many red flags there are. That's why you shouldn't invest money here, as the scammers will appropriate it for themselves.
I agree, withdrawal is not available. Very sad news for me. I invested 10% of my capital in tipitek.com, and now I can't withdraw it. In 2022, I lost 25% in FTX, and now here. It's really annoying to lose part of the funds so stupidly.
I want to warn everyone, especially beginners. You cannot trust these fraudsters. They steal the crypto that users bring in. The company operates illegally, I'm not even sure it really exists. If it did exist, it would have been closed long ago, and the founders would have been put in jail.
Tipitek is an absolutely illegal firm, created by fraudsters and criminals. Trading here should be avoided, and the platform should not be recommended to others, as it dooms them to a scam. Unfortunately, there is no way to fight such fraud, but it is possible to warn people and educate them, so there are fewer gullible traders, then such fraudsters will have fewer clients!
Attention! tipitek.com is a fraudulent site created in the summer of 2023. There can be no founding date of 2017. The scammers cannot prove that they started their activity in 2017. However, there are concrete proofs that this fake exchange began operating in 2023.
Again, look at when the domain of the official site was registered. You will understand everything. Additionally, you can study the dates of the appearance of reviews and comments on the internet; everything will be clear there as well, as they began to appear after the site was registered.
Why is Tipitek absent on Coinmarketcap/Coingecko/DefiLama? What do you think? Because it is a fake exchange, and such aggregators and monitors do not add fraudulent and fake projects. That's all. Draw your conclusions, gentlemen.
The day before yesterday, I registered an account at Tipitek to test the platform. I have not yet topped up the deposit, as it can only be replenished with cryptocurrency, although I would like to do it with a Mastercard. Moreover, I have not found a demo account. I would like to first get the hang of it, to understand the interface and capabilities like a fish in water, but I did not find such an option.
In general, Tipitek has not been able to please me so far. I thought it was some more serious organization. After all, such figures are indicated on the site, supposedly a million clients, hundreds of millions of daily trading turnover, offices in several countries, and a huge staff of employees. Apparently, this turned out to be a lie, or I am very mistaken, but time will tell. I have refrained from topping up the deposit for now.
Now I can definitely say that tipitek is a pathetic parody of an exchange or broker… these are scammers who have stopped making contact, and at the same time do not want to process the withdrawal request… the amount is $4,500…
I don't see tipitek on coinmarketcap or coingecko… no one subscribes to them on twitter, there are only bots in the subscribers… so many red flags in one place… such should be avoided…
As far as I know, for this platform to operate legally in England, it needs to obtain a license from the Financial Conduct Authority. However, I don’t see that they have done this. In that case, they would not have been able to open an office in this country without the regulator's approval. In general, everything is easy and clear. Tipitek is some kind of illegal fraudsters shack.
Can I probably forget about my $1,500? Last week, I invested $1,500 in Tipitek to try trading bitcoin and ethereum on this exchange. Leverage of 1:5, a lot of assets, and seemingly a decent platform. Nothing seemed to presage trouble, but then I started to study the company more closely, and it turned out that its activity is very likely fake. Some confusion with the legal entity in Singapore, and in the UK there is no such company at all. I immediately applied to withdraw my money, which is $1,400, as I already managed to lose $100, catching a few unprofitable trades. I tried to play long, the cryptocurrency collapsed well a few days ago, and I played from the long. But never mind. These $1,400 are still hanging on the balance, although 3 days have passed. And here I think, damn, did I really stumble upon a scam? And now there's nothing I can do? Has anyone else encountered such a situation? How did you solve the problem? Can you suggest anything to me, any solutions, or can I just forget about the money and cry into the pillow that some anonymous scammers deceived me like the last blockhead?
There are almost no reviews of the platform on the internet, there are some, but mostly exposures and negative comments. Sometimes there are positive reviews, but they seem to be bought, not real. Somehow, I am 100% sure that all the facts that Tipitek tells about itself are fake. They can't even provide real evidence. How can you believe just words on the internet? You should not take such a huge risk upon yourself. Do not invest money in such sites, you will lose your funds quickly and unexpectedly. And no one can protect you.
totally a scam. by fact.
they chase you until you invest with them - thereafter not possible to cash.
As they never invest your money in their platform - they blockchain your money in
their own wallets as soon as you pass them through bybit.
then they give you the sense that you trade as they put you on their
dummy platform. Meaning Fake !
absolutely a fraud
they have already off loaded their platform
and everyone lost their money.
but do not worry guys - with stolen money you do not go far ...just happy for a while...soon after they will get what they deserve by God..