Edge-bit Review – Is Edge-bit a Scam Broker?
- Website: https://edge-bit.com/
- Website Availability: Yes
- Address:
- Chrysolution Limited, Beachmont Business Centre, 184, Kingstown, Saint Vincent and the Grenadines
- 20 Lime St, London, UNITED KINGDOM, EC3M 7A
- Warning: Financial Conduct Authority (United Kingdom)
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
The Edge-bit cryptocurrency trading platform was introduced in 2021 with an emphasis on state-of-the-art technology and user-friendliness for traders all across the globe. If indeed the platform promises to make life easier by allowing access to a plethora of digital currencies, there are reasons to be cautious of it. This Edge-bit review addresses all major concerns that subject the cryptocurrency platform to serious ills and heavyweight considerations before engaging the platform.
What is Edge-bit?
Edge-bit calls itself the modern solution for cryptocurrency traders, particularly for the inexperienced. Some features include:
- Variety of digital currencies
- Intuitive-Basic design
- Market intelligence to support trading decisions
They want to make digital asset trading available to everyone. However, they have tried to hide some serious flaws.
Key Concerns in This Edge-bit Review
FCA Warning
Now, the biggest legitimately concerning factor is the fact that Edge-bit has been warned by the Financial Conduct Authority (FCA) in the UK. Generally, when such warnings are made, it indicates that some firm is operating without authorization or, otherwise, poses risks to users. Such a thing creates huge doubts about the authenticity of the platform.
Low Website Trustscore
Another issue brought up by the Edge-bit evaluators is the low trust score, which sits at 56/100 for the website. Trust scores falling below the 70 threshold usually raise concerns about transparency, user experience, or regulatory compliance. All this put together makes it difficult for a user to put faith in depositing or trading here.
Possible Signs of a Risky Platform
- Unregulated: The state of being unlicensed or not regulated by any authoritative financial body is a serious red flag.
- Lack of Verified Reviews: Most online reviews seem to be pretty vague or very promotional.
- High Claims, Low Proof: There does not seem to be any tangible proof or results of any kind, contrary to their claims and promises of easy trading with so-called cutting-edge tools.
- Limiting Contact Information: The channels of communication are pretty much limited, obscure, or unresponsive.
Take Action Today
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