Bitcoin Motion Review 2024

Bitcoin Motion Review 2024

Updated:
Updated: January 05, 2024

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This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.

We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:

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Summary of Bitcoin Motion Trading Company

As per its description, Bitcoin Motion functions as a trading platform that facilitates the purchase and sale of well-known digital assets. As an intermediary that acts as a mediator between brokers and traders, Bitcoin Motion is not a financial broker. Upon registering on this platform, users get access to some of the top cryptocurrency assets available. The company has made it very evident that before accepting a broker into a partnership, it thoroughly investigates each broker and ensures that it complies with all industry standards.
They are not regulated, even though this platform is honest about its role as a mediator and does not make any grandiose claims about its trading platform. Furthermore, in the investment industry, unregulated brokers are a warning sign. Since Bitcoin Motion is not subject to stringent regulation by a financial authority, it cannot be considered a reliable broker.

User Satisfaction i

11 comments
Total score:
2 /10

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avon56
15 weeks ago

The company's reviews seem abundant at first glance, but upon closer inspection, it becomes evident that there is only one repeated review across multiple websites. It's advisable to be wary of recommendations from such websites. The platform features buttons that lead to circular routes, making it impossible to deposit money conventionally. Communication with the broker is solely through their mobile, introducing potential risks. I invested with the broker, and after realizing the potential scam, I made attempts to withdraw funds. The broker executed some impressive trades, resulting in a 30% gain within a week. However, they then pressured me for additional funds via a crypto wallet, but I am off. It's essential to exercise caution, make money withdrawals your top priority, and stay off reluctant platforms that start querying why you want to withdraw your own money.

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petokerole
16 weeks ago

Over the past 2-3 months, I've received approximately 15 calls from individuals claiming to represent "bitcoinmotion." When asked for their company's website, they consistently provide the website for ethereum-vest. So, I am beginning to wonder if the platform is legit, as I would not want my funds to end up in the nest of scammers this time.

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fxshain
19 weeks ago

I continue to receive persistent calls from these individuals. Despite expressing my disinterest and requesting them to stop, they persistently use different numbers, rendering blocking ineffective. I wonder what type of financial platform will be too inquisitive to know why I am not subscribing to the idea of investing with their platform, and their approach is confrontational, often questioning my refusal with a persistent "Why?" This ongoing behavior feels like harassment and raises concerns about their reliability and professionalism.

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RiponRoy
21 weeks ago

I registered after coming across an article and was subsequently contacted by someone claiming to be "Paul Jackson." He urged me to start investing in Bitcoin, and I initially paid 250 euros. He made daily calls to trade with me, demonstrating the process. However, suspicions arose when he opened a trading account on another website named "Swiss Chains" (swisschains.com), which lacked proper information. He misrepresented that the FCA regulated the business. After confirming with the FCA, it was determined to be most likely a scam.

When I asked to have my account closed and my data deleted, they insisted that I deposit roughly 6000 euros, or half of my trading profits, into a Coinbase account. When I did not comply, I was met with rudeness and threats of paying outrageous fees to manage my trading account. I have stayed away from further communication because I know this is a scam. It is advisable to steer clear of such platforms. I have reported the case to my local police, the FCA, and the UK police.

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Kapil
22 weeks ago

The offer sounded too good to be true when one investor helped the other increase his investment of £250 live on TV. I thought about investing £250 to see where it went, but they pushed me to invest, promising that I could ask for a refund later if needed, even though I could not talk to their investment specialist right away. Politely declining and agreeing to discuss it the next day, I received the agreed-upon phone call. I informed them that I had changed my mind after reading the feedback, ending the discussion. His response was dismissive, stating that you can't believe all the reviews on the internet. Despite thinking the matter was resolved, I've received two phone calls from different individuals—one from 02038331181 and another from 01794568003. The first call ended in irritation, while the second call took an angry tone, claiming I had hung up on them.

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slbk
29 weeks ago

I could have lost £1600 in cryptocurrency. Surprisingly, my investment didn't incur losses; instead, it increased. They exerted strong pressure to convince me to invest more, but thankfully, I resisted. The major issue lies in their refusal to facilitate any withdrawals. To counteract this, I reported the incident to both the police and the Cyprus Securities and Exchange Commission (CySEC), suspecting their base to be in Cyprus. I was contacted by someone on their end after this move appeared to startle them sufficiently. They eventually returned every dollar of my money in Bitcoin following an extended dispute. This experience shows that people can overcome these types of scams if they are persistent and notify the relevant authorities.

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mohanabeyr
42 weeks ago

After doing some background research and being persuaded by reviews indicating the platform's legitimacy, I registered with my email address and phone number. Following the sign-up, I received a telephone call. Despite explaining that I was at work and unable to talk, they persistently called me 5-7 times in rapid succession. Upon finally answering, I expressed my disinterest and the man on the phone became rude and aggressive before hanging up on me. Some people from the same company keep calling me even after I decided to leave. It's advisable to avoid this platform altogether. I'm relieved that I didn't proceed any further.

Contacts

Registration address The lack of a physical address and the absence of an email support system are red flags when dealing with this broker. Not having a readily available means of direct contact, such as an email address, can make communication challenging and potentially raise concerns about transparency and legitimacy. The reliance on a form submission for inquiries adds another layer of uncertainty, as you must wait for a customer support representative to respond. It is advisable to exercise caution when dealing with brokers that do not provide clear and easily accessible contact information.

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Why has Bitcoin Motion been placed on the Forex Broker Blacklist?

Possible reasons:
• multiple complaints have been filed against Bitcoin Motion by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of Bitcoin Motion is down, not updated or operates with clear errors and some features are not available;
• Bitcoin Motion has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.

What should I do if Bitcoin Motion got blacklisted and I still have money in my account?

Don’t panic right away. First, try to find out the reason why Bitcoin Motion got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.

What should I do if I cannot withdraw my money from Bitcoin Motion?

If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.

Is there any chance to recover my money if Bitcoin Motion is a scam?

On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.

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