Full Answer
What is karatbit used for?
Karatbit is the global leader in the blockchain movement. You can trade assets like BTC, ETH, USDT and KBC. Join today and exchange your crypto coins! Please use a browser, that supports Javascript, otherwise you cannot use the functions of the exchange. Click to see full answer. Considering this, how do you use Karatbit?
What is karatbit (BaFin)?
Bafin has issued a statement on the entities affiliated with this project. Launched on 02/03/2019, Karatbit is a centralized exchange based in Karat Gold Cooperation PTE. LTD. 111 North Bridge Road 1 #08-06 Peninsula Plaza 1, SINGAPORE. It is affiliated with the Karatgold Coin project.
Is karatbit regulated?
Karatbit regulation. A broker must pay for regulated licenses to be able to offer trading. Karatbit doesn’t pay for licenses but it does offer trading which is prohibited by law. Get a free consultation now from MyChargeBack to get your money back ! Your money isn’t safe with Karatbit.
Is karatbit a scam?
OSC (Canada) has issued a public warning against Karatbit. That is to say that he has offered trading in a country where he doesn’t have a regulated license. A broker who receives a public warning is a scam. Never trust the broker.
Karatbit regulation
A broker must pay for regulated licenses to be able to offer trading. Karatbit doesn’t pay for licenses but it does offer trading which is prohibited by law.
Public warning against this broker
OSC (Canada) has issued a public warning against Karatbit. That is to say that he has offered trading in a country where he doesn’t have a regulated license. A broker who receives a public warning is a scam.
Never trust the broker
It’s essential to always check the licenses of a broker because fraudulent brokers lie to make you deposit the maximum amount of money. If you unfortunately deposit your money and are asked to pay a fee to withdraw your money, don’t do it because you will give them even more money.
Get a chargeback now
We put you in touch with the best money recovery company that has existed since 2016, MyChargeBack. We have received positive feedback from them and their experts are very professional. You just need to complete the form below (if you have lost more than $5000, use our Chatbot directly). The consultation is free and doesn’t commit you to anything.
What are the chances of getting your money back?
Everything will depend on your file. MyChargeBack has already helped many people and knows all the procedures to do with banks to build a solid file with you and recover your money. If you want to know more about the procedure, click here.
Our Verdict
Karatbit is a scam that doesn’t have regulated licenses. We advise you to avoid this broker if you don’t want to have a problem. If you have been a victim of this broker, don’t hesitate to leave us a comment to report this broker and avoid other people from being victims.
