OpaBitcoin Review

OpaBitcoin

Warning Investors OpaBitcoin – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

Introduction

Launched in 2020, OpaBitcoin claims to be a London-based cryptocurrency trading platform. However, a lack of transparency regarding company ownership and legal documentation raises concerns about its legitimacy. In this review, we’ll delve into OpaBitcoin’s regulatory status, customer support, and customer reviews to provide a comprehensive assessment of the platform.

Regulation and Compliance

One glaring red flag surrounding OpaBitcoin is its lack of regulation by any financial authority. The Austrian Financial Market Authority (FMA) has even issued a warning against OpaBitcoin, emphasizing its unauthorized status for banking transactions in Austria. The FMA’s alert cautions investors against dealing with OpaBitcoin due to the potential exposure to fraudulent and manipulative practices. The warning can be found on the FMA’s website [1]. This lack of regulation is a serious concern for potential investors.

Customer Support and Customer Reviews

To gauge the credibility of OpaBitcoin, it’s crucial to consider customer reviews. Unfortunately, the few available reviews are overwhelmingly negative. On Trustpilot, OpaBitcoin holds a dismal rating of 1.4 out of 5 stars, based on just seven reviews. Many users report losing money, falling victim to scams, and facing difficulties withdrawing funds or contacting customer support. Some of the reviews paint a grim picture:

– “OpaBitcoin is a scam. They took my money and never gave it back. They don’t answer emails or phone calls. Stay away from them.”

– “I invested 500 euros with OpaBitcoin, and they promised me 10% daily profit. After one week, they asked me to pay another 1000 euros to activate my account. I refused, and they blocked my access. I lost everything.”

– “OpaBitcoin is a fraud. They have fake testimonials and fake awards on their website. They are not regulated by anyone, and they will steal your money.”

These reviews are a strong deterrent for potential investors considering OpaBitcoin.

Products and Services

OpaBitcoin claims to offer an array of cryptocurrency-related products and services, including a web-based trading platform, a mobile app for trading on the go, a secure crypto wallet, a referral program, and a mining program for passive income. However, it’s worth noting that there is no concrete evidence to substantiate the existence of these services. The website lacks screenshots, demos, or tutorials to showcase the trading platform or mobile app’s functionality. Moreover, it does not explain how the crypto wallet operates or provide details on the mining program. The absence of information on fees and costs further clouds the platform’s transparency.

Location

OpaBitcoin’s registered address in London, UK is unverified by any official source. Additionally, the platform fails to furnish a phone number, email address, or social media accounts for direct contact. The sole method of reaching OpaBitcoin is through a contact form on the website, which may not be reliable or responsive. This lack of direct communication channels raises concerns about transparency and accessibility.

Customer Service

OpaBitcoin claims to offer 24/7 customer support to address user issues and queries. However, this assertion contradicts the numerous customer complaints regarding their inability to contact OpaBitcoin or receive assistance. The absence of a FAQ section, live chat feature, or other resources for problem resolution or inquiry handling further compounds the issues with the platform’s customer service.

Conclusion

In conclusion, based on our extensive research, OpaBitcoin presents itself as a high-risk platform and a potential scam. It is unregulated, and it has received a warning from the FMA of Austria. Negative customer reviews abound, casting doubt on its legitimacy. The platform lacks proof of its offered products and services, does not disclose its location or contact details, and fails to provide reliable customer service. Given these concerning factors, it is strongly advised to steer clear of OpaBitcoin and explore more reputable and trustworthy cryptocurrency platforms.

[1] FMA warning against OpaBitcoin: [https://www.fma.gv.at/en/opabitcoin/](https://www.fma.gv.at/en/opabitcoin/)


Best Website For Identifying Scam Crypto Brokers.

File Your Crypto Cointrace Now !