Global Cryptocurrency Exchange BitGlobal Reliability

BitGlobal is a cryptocurrency exchange established in May 2019 by the Korean cryptocurrency exchange Bithumb, utilizing its own know-how to further enhance convenience. It is an exchange that is expanding not only in South Korea but also in the world. With over 150 currencies available, traders will not be in trouble. The advantage is that you can easily register without verifying your identity, and you can open an account immediately. Furthermore, it is compatible not only with PC sites but also with smartphone apps, so it has the advantage of being easy to trade.

Company information

BitGlobal is a cryptocurrency brand operated by Bithumb. The cryptocurrency trading service will be available in 2019, and it is still an emerging company.

License

A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. So is BitGlobal licensed? BitGlobal unfortunately has not yet obtained a financial license.

Whether or not withdrawal is refused

It will be the most worrisome place for traders who actually trade. There is no Forex company that refuses to deposit, but I am wondering if I can really withdraw when I can make a profit. What about BitGlobal, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below.