Bitterz is a cryptocurrency exchange that started operation in April 2020. The biggest selling point is that the maximum leverage is 888 times. Furthermore, it is a company that can trade not only virtual currencies but also FX. The founding members are all said to be Japanese. There are 15 types of trading stocks, which is less than other companies. We handle only 3 types of FX currency pairs. The small number of stocks handled is probably the biggest disadvantage of Bitterz. It’s still a new company, so I wonder if the number of users will increase in the future.
Company information
Bitterz is a cryptocurrency brand operated by Bitterz LLC. The cryptocurrency trading service will be available in 2020, and it can be said that it is still an emerging company.
| Company Name | Bitforex Limited. |
| Headquarters location | Hinds Building, Kingstown, St. Vincent and the Grenadines |
| Business start date | 2020 |
| Capital | Unpublished |
| number of employees | Unpublished |
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 Bitterz licensed? They don’t have a license yet. It is a little worried.
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 Bitterz, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below.
| Case study | Contents |
| Withdrawal information error | You cannot withdraw if the withdrawal destination is incorrect. |
| Under maintenance | Withdrawals may be delayed during system maintenance. |
| Bonus withdrawal | The bonus itself cannot be withdrawn. |
| Withdrawal currency | Withdrawals are limited to Bitcoin at Bitterz. You cannot withdraw in other currencies. |
| Withdrawal amount | With Bitterz, the minimum withdrawal amount is 0.0001 BTC. |
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