Bitiq Review – Is it Scam? – CFDs and Real Cryptos

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Introduction

Bitiq is a cryptocurrency trading platform that offers both CFDs (contracts for difference) and real cryptos trading options. In this review, we will provide an overview of Bitiq's services, background, trading platform, customer support, account opening and verification procedures, regulations, competitors, and alternatives. We will also compare the differences and benefits of trading CFDs vs. real cryptos and provide our recommendation for potential users of Bitiq.

Bitiq Background

Bitiq was founded in 2017 and is headquartered in Estonia. The company is operated by BitIQ OU, which is registered with the Estonian Financial Intelligence Unit. Bitiq is compliant with EU regulations and follows KYC (know your customer) and AML (anti-money laundering) procedures. In terms of customer feedback, Bitiq has generally positive reviews on Trustpilot and other review websites.

Bitiq Services

Bitiq offers a trading platform that allows users to trade both CFDs and real cryptos. The platform offers a variety of trading tools and indicators to help users make informed decisions. Bitiq charges competitive trading fees and commissions and offers several account types with different features. Security measures are in place to protect users' accounts and funds.

Bitiq Trading Platform

Bitiq's trading platform is user-friendly and easy to navigate. It offers a variety of tools and indicators, including technical analysis tools, risk management tools, and charting tools. The platform also supports different order types and provides fast order execution. Bitiq offers a mobile trading app for users who prefer to trade on the go. A demo account and educational resources are also available for new users who want to practice trading before investing real money.

CFDs vs. Real Cryptos

CFDs are financial derivatives that allow traders to speculate on the price movements of an underlying asset without actually owning it. Real cryptos, on the other hand, involve buying and owning actual cryptocurrencies. While CFDs offer greater flexibility and leverage, real cryptos provide actual ownership and long-term investment opportunities. Both options come with risks and considerations, and it is important for traders to understand the differences before making a decision.

Bitiq Customer Support

Bitiq offers responsive and multilingual customer support through various channels, including email, live chat, and phone support. A FAQ section and self-help resources are also available to help users find answers to common questions.

Bitiq Account Opening and Verification

Opening an account with Bitiq is a straightforward process that only takes a few minutes. Users are required to provide personal and contact information and verify their identity through KYC procedures. Deposit and withdrawal options are available through bank transfer, credit/debit cards, and e-wallets. The minimum deposit and withdrawal amounts vary depending on the chosen payment method.

Bitiq Regulations and Licenses

Bitiq is registered with the Estonian Financial Intelligence Unit and follows EU regulations. The company is compliant with KYC and AML procedures and takes measures to prevent fraud and money laundering.

Bitiq Competitors and Alternatives

Bitiq competes with other cryptocurrency trading platforms such as Binance, Coinbase, and Kraken. Each platform offers its own unique features and benefits, and users should consider their individual needs and preferences when choosing a platform. Alternative options for trading cryptocurrencies and CFDs include forex brokers and other online trading platforms.

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Conclusion

In summary, Bitiq is a legitimate and reliable cryptocurrency trading platform that offers both CFDs and real cryptos trading options. The platform is user-friendly, secure, and offers a variety of trading tools and indicators. Bitiq's customer support is responsive and multilingual, and the account opening and verification process is straightforward. While there are risks and considerations associated with both CFDs and real cryptos trading, Bitiq provides a solid trading platform for users who want to invest in cryptocurrencies.

FAQs

1. Is Bitiq a regulated trading platform?
   Yes, Bitiq is registered with the Estonian Financial Intelligence Unit and follows EU regulations.

2. What cryptocurrencies are available for trading on Bitiq?
   Bitiq offers a variety of cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, and Ripple.

3. Does Bitiq offer a demo account?

Yes, Bitiq offers a demo account for users who want to practice trading before investing real money.

4. What are the fees and commissions for trading on Bitiq?
   Bitiq charges competitive trading fees and commissions, which vary depending on the chosen account type and trading volume.

5. How long does the account verification process take on Bitiq?
   The account verification process on Bitiq typically takes a few minutes to a few hours, depending on the volume of verification requests.

6. Can I trade CFDs and real cryptos on the same account on Bitiq?

Yes, Bitiq allows users to trade both CFDs and real cryptos on the same account.

7. What is the minimum deposit amount on Bitiq?
   The minimum deposit amount on Bitiq varies depending on the chosen payment method.

8. Does Bitiq offer mobile trading?
   Yes, Bitiq offers a mobile trading app for users who prefer to trade on the go.

9. What customer support options are available on Bitiq?

Bitiq offers responsive and multilingual customer support through email, live chat, and phone support.

10. How does Bitiq ensure the security of my account and funds?
    Bitiq takes measures to ensure the security of users' accounts and funds, including two-factor authentication, SSL encryption, and cold storage for funds.