Stoppage of Business

Score

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/10

BITSTARTER

Estonia

|

Stoppage of Business

2-5 years|

Suspicious Regulatory License|

High potential risk

https://www.bitstarter.today/

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Contact
BITSTARTER
contact@bitstarter.today
https://www.bitstarter.today/
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E

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No effective regulatory information has been founded yet, please pay attention to the risks!

WikiBit Risk Alerts

2
Previous Detection 2024-09-19

This Exchange has ceased its operation, and it has been listed in WikiBit's shut down list of Exchange; please be aware of the risk!

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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Company Name
BITSTARTER
Regulatory Status
Stoppage of Business
Abbreviation
BITSTARTER
Platform registered country and region
Estonia
Phone of the company
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Aspect Information
Company Name BITSTARTER
Registered Country/Area Estonia
Founded Year 2-5 years ago
Regulation Not regulated
Cryptocurrencies Available Ethereum (ETH), Bitcoin (BTC), BSTCOIN (BSTC), ETROS (ETS), PLATINCOIN (PLC), CRCOIN (CRC), ARTDOTCOIN (ADC1), and K4W (k4w)
Trading Fees 0.2%
Payment Method Bank transfers
Customer Support Email support (contact@bitstarter.today)

Overview of BITSTARTER

BITSTARTER, established 2-5 years ago in Estonia, offers a secure platform for cryptocurrency trading with a limited range of assets including Bitcoin and Ethereum.

While the platform has a limited selection of cryptocurrencies, its low trading fees of 0.2% and transparent fee structure make it appealing. However, BITSTARTER operates without regulatory oversight.

The platform supports bank transfers for payment and provides email support for customer inquiries, offering a comprehensive trading experience within the crypto market.

Overview of BITSTARTER

Pros and Cons

Pros Cons
Low trading fees (0.2%) Limited range of cryptocurrencies
User-friendly interface No mobile platform available
Secure platform Lack of regulatory oversight
Transparent fee structure
Various services

Pros:

  • Low Trading Fees (0.2%): BITSTARTER charges a low trading fee of 0.2% for each transaction. This competitive fee structure allows users to maximize their returns on investments and reduces the overall cost of trading.

  • User-Friendly Interface: BITSTARTER offers a user-friendly interface, making it easy for both novice and experienced traders to navigate the platform. Clear layout, intuitive design, and accessible features enhance the trading experience and streamline the process for users.

  • Secure Platform: BITSTARTER prioritizes security and implements robust measures to safeguard user accounts and transactions. Security features such as CAPTCHA, KYC verification, anti-proxy measures, and two-factor authentication (2FA) help prevent unauthorized access and ensure a safe trading environment.

  • Transparent Fee Structure: BITSTARTER maintains transparency regarding its fee structure, providing users with clear information about the costs associated with trading. This transparency fosters trust and confidence among users, enabling them to make informed decisions regarding their trading activities.

  • Various Services: BITSTARTER offers a range of integrated services to enhance the trading experience for users. These services include Bitcoin transactions, instant exchange, investment banking, own coin usage, instant trading, and more. This variety allows users to explore different aspects of the cryptocurrency market and diversify their trading strategies.

  • Cons:

    • Limited Range of Cryptocurrencies: BITSTARTER has a limited selection of cryptocurrencies available for trading compared to some other platforms. This restricted range limits the options for users who wish to trade specific altcoins or explore a broader range of digital assets.

    • No Mobile Platform Available: BITSTARTER currently lacks a dedicated mobile platform or app for users to access its services on the go. This absence of mobile functionality inconveniences users who prefer to trade or manage their investments using mobile devices, limiting accessibility and flexibility.

    • Regulatory Authority

      BITSTARTER operates without regulatory oversight. This lack of regulation lead to uncertainty regarding consumer protection, transparency, and adherence to industry standards.

      Security

      BITSTARTER implements robust security measures to safeguard user accounts and transactions. These include CAPTCHA, KYC verification, anti-proxy measures, anti-cheat mechanisms, two-factor authentication (2FA), and adblock software. These layers of security help prevent unauthorized access, fraud, and ensure a safe trading environment for users.

      Cryptocurrencies Available

      BITSTARTER offers a range of cryptocurrencies for trading, including Ethereum (ETH), Bitcoin (BTC), BSTCOIN (BSTC), ETROS (ETS), PLATINCOIN (PLC), CRCOIN (CRC), ARTDOTCOIN (ADC1), and K4W (k4w). While Bitcoin and Ethereum are well-established, BSTCOIN, ETROS, CRCOIN, ARTDOTCOIN, and K4W represent newer or niche coins with potentially higher risk and reward. PLC seems inactive.

      Cryptocurrencies Available

      Trading Market

      BITSTARTER offers a limited range of trading assets, including Bitcoin (BTC), Ethereum (ETH), and BSTCOIN (BSTC). Users can engage in trading activities with these cryptocurrencies, leveraging their fluctuating values to potentially generate profits.

      Fees

      BITSTARTER imposes trading fees on transactions conducted on its platform. These fees vary depending on the type and volume of the trade. For example, the platform charges a flat fee of 0.2% for each trade executed. Additionally, there might be withdrawal fees, which vary based on the cryptocurrency being withdrawn.

      Payment Method

      BITSTARTER accepts bank transfers as its primary payment method.

      Users can transfer funds directly to a designated bank account provided by BITSTARTER. The platform typically provides bank account details, including bank name, account name, IBAN, and other necessary information.

      How to Buy Cryptos?

      • Transfer Funds: Make a transfer to the provided Santander Totta bank account under the name Luso Digital Assets. Use the IBAN PT50 0018 00035233759902098. Ensure to include your name, phone number, email address, and BTC wallet address in the transfer details.

      • Select Amount: Decide on the amount of BTC you wish to purchase. Calculate the equivalent EUR value based on the current BTC value (€62,344.14 per BTC).

      • Fill Information: Fill out the required information on the provided form. Include your name, phone number, email address, BTC wallet address, and the amount of BTC you want to buy. Additionally, upload a copy of your ID document and proof of transfer in PDF format.

      • Confirm Transaction: Double-check all entered information for accuracy. Once confirmed, submit the form and proceed with the transfer. Ensure the EUR value transferred matches the calculated amount for the desired BTC purchase.

      • How to Buy Cryptos?

        Services

        BITSTARTER provides various integrated services to potentialize the assets, including:

        Bitcoin Transaction: Facilitates easy deposit, transfer, purchase, and trading of Bitcoin.

        Instant Exchange: Enables immediate crypto-to-crypto exchanges.

        Investment Banking: Allows buying Bitcoin via bank transfer on the platform.

        Safe and Secure: Implements security measures such as CAPTCHA, KYC, anti-proxy, anti-cheat, 2FA, and adblock software.

        Own Coin: Offers a unique cryptocurrency for market use.

        Instant Trading: Provides franchising opportunities for ATMs, POS systems, or becoming an official representative.

        Services

        Is BITSTARTER a Good Exchange for You?

        BITSTARTER is the best exchange for cryptocurrency traders seeking altcoins for trading. With its offering of various digital assets beyond mainstream cryptocurrencies like Bitcoin and Ethereum, BITSTARTER appeals to traders interested in exploring and investing in emerging or niche coins for potential growth opportunities.

        BITSTARTER may appeal to several target groups.

        Firstly, individuals new to cryptocurrency trading but eager to explore the market with a user-friendly platform and robust security features may also benefit from BITSTARTER's services.

        Moreover, businesses or investors looking to diversify their portfolios with digital assets could find BITSTARTER suitable due to its variety of trading options and potential for growth.

        Customer Support

        BITSTARTER provides customer support primarily through email at contact@bitstarter.today. The platform aims to address user inquiries, resolve issues, and provide assistance promptly and efficiently.

        FAQ

        Q: What cryptocurrencies can be traded on BITSTARTER?

        A: BITSTARTER offers a variety of cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH).

        Q: What are the trading fees on BITSTARTER?

        A: The trading fees on BITSTARTER are typically low, set at 0.2% per transaction.

        Q: How can funds be deposited into a BITSTARTER account?

        A: Funds can be deposited into a BITSTARTER account using bank transfers.

        Q: Is BITSTARTER regulated?

        A: No, BITSTARTER operates without regulatory oversight.

        Q: Does BITSTARTER have a mobile platform?

        A: No, BITSTARTER does not currently offer a mobile platform for trading.

        Q: How can BITSTARTER be contacted for customer support?

        A: BITSTARTER's customer support team can be contacted via email at contact@bitstarter.today.

        Risk Warning

        Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.