Bitcoin Empire Review – Is it Scam? – Online Broker
Introduction
Cryptocurrency trading has become increasingly popular in recent years, with Bitcoin being one of the most well-known digital currencies. Bitcoin Empire is an online trading platform that allows users to buy, sell, and trade cryptocurrencies such as Bitcoin. In this blog post, we will review Bitcoin Empire and determine whether it is a scam or a legitimate online broker.
Background
Bitcoin Empire was founded in 2017 and is headquartered in London, UK. The platform is owned and operated by Bitcoin Empire Ltd, which is regulated by the Financial Conduct Authority (FCA) in the UK. The company's mission is to provide a secure and user-friendly platform for trading cryptocurrencies.
Features and Services of Bitcoin Empire
Bitcoin Empire offers a range of features and services to its users, including:
Platform Overview
The Bitcoin Empire platform is easy to use, with a user-friendly interface that makes it easy for beginners to get started. The platform is accessible via desktop and mobile devices, which allows users to trade on-the-go.
Trading Options and Instruments
Bitcoin Empire offers a variety of trading options and instruments, including Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. Users can trade these cryptocurrencies against fiat currencies such as USD, EUR, and GBP.
Security Measures and Protocols
Bitcoin Empire takes security seriously and offers a range of measures to protect users' funds and personal information. These measures include two-factor authentication, SSL encryption, and cold storage for users' funds.
Customer Support and Education Resources
Bitcoin Empire provides users with access to a dedicated customer support team, which is available 24/7 via email and live chat. The platform also offers a range of educational resources, including video tutorials and a knowledge base, to help users improve their trading skills.
Trading Experience
To start trading on Bitcoin Empire, users must first create an account and complete the verification process. Once verified, users can deposit funds into their account and start trading.
Account Creation and Verification Process
The account creation process on Bitcoin Empire is straightforward and can be completed in a matter of minutes. Users must provide their name, email address, and phone number, and then verify their identity by providing a government-issued ID.
Deposits and Withdrawals
Bitcoin Empire accepts deposits in a range of fiat currencies, including USD, EUR, and GBP. Deposits can be made via bank transfer, credit/debit card, or e-wallet. Withdrawals can be made via the same methods and are typically processed within 24 hours.
Trading Interface and Tools
Bitcoin Empire's trading interface is user-friendly and intuitive, with a range of tools and indicators to help users make informed trading decisions. The platform also offers a demo account, which allows users to practice trading with virtual funds before risking their own money.
Trading Fees and Costs
Bitcoin Empire charges a fee of 0.2% on all trades, which is lower than the industry average. There are no deposit or withdrawal fees, although users may incur fees charged by their payment provider.
Reputation and Reviews
Bitcoin Empire has received mixed reviews online, with some users praising the platform's ease of use and customer support, while others have criticized its trading fees and lack of advanced features. Overall, the platform has a rating of 3.5 stars on Trustpilot.
Scam or Legit?
There have been no reports of scams or fraudulent activities on Bitcoin Empire. The platform is regulated by the FCA in the UK, which means it must comply with strict industry regulations and standards. As such, we believe that Bitcoin Empire is a legitimate online broker.
Pros and Cons of Bitcoin Empire
Pros
- User-friendly platform
- Range of trading options and instruments
- Strong security measures
- 24/7 customer support
- Low trading fees
Cons
- Limited advanced features
- Mixed user reviews
- No mobile app
Conclusion
In conclusion, we believe that Bitcoin Empire is a legitimate online broker that offers a range of features and services to its users. The platform is easy to use, with a user-friendly interface and strong security measures. While there are some drawbacks, such as limited advanced features and mixed user reviews, we believe that Bitcoin Empire is a solid choice for beginners and experienced traders alike.
FAQs
Is Bitcoin Empire a regulated broker?
Yes, Bitcoin Empire is regulated by the Financial Conduct Authority (FCA) in the UK.
What are the fees for trading on Bitcoin Empire?
Bitcoin Empire charges a fee of 0.2% on all trades.
Can I withdraw my funds from Bitcoin Empire at any time?
Yes, users can withdraw their funds from Bitcoin Empire at any time.
Is Bitcoin Empire safe and secure?
Yes, Bitcoin Empire takes security seriously and offers a range of measures to protect users' funds and personal information.
What are the trading options available on Bitcoin Empire?
Bitcoin Empire offers a range of cryptocurrencies to trade, including Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash.
How do I create an account on Bitcoin Empire?
To create an account on Bitcoin Empire, simply provide your name, email address, and phone number, and then verify your identity by providing a government-issued ID.
What are the minimum deposits required to start trading on Bitcoin Empire?
The minimum deposit required to start trading on Bitcoin Empire is $250.
How does Bitcoin Empire compare to other online brokers?
Bitcoin Empire offers a user-friendly platform and low trading fees, but lacks some of the advanced features offered by other brokers.
Can I trade cryptocurrencies other than Bitcoin on Bitcoin Empire?
Yes, Bitcoin Empire offers a range of cryptocurrencies to trade, including Ethereum, Litecoin, Ripple, and Bitcoin Cash.
Does Bitcoin Empire offer any educational resources for traders?
Yes, Bitcoin Empire offers a range of educational resources, including video tutorials and a knowledge base, to help users improve their trading skills.