This company is as shady as it gets. You deposit money so that you can partake in bitcoin or other crypto exchange transaction. This, on the surface, is similar to depositing money in stock trading exchanges. They claim to be for "insitutional investors" and that they are exremely safe. However, while they accept a wire deposit, with no questions asked, so you can start your crypto account. good luck when you try to cash out your fiat or crypto ballance. Then, and only then, they ask you a million questions about your job title, source of income, etc, saying that they are an "anti-money laundering" company. However, even if you do answer all their questions, and show where the money comes from, they just ask you more questions, without justification. Then, when you bring this up, they stop answering your emails. Forget about even getting through to their phone line, or about getting a call back when leaving a message. This is not an exchange. This is a scam operation designed to steal customer's funds. I am not talking about trading risk. I made very few trades before asking for my money back. They refused to send my money, which had never been used to buy cryptos, back to me. The company also uses slick words, like keeping the cryptos in "cold storage", which might confuse and appeal to newbie crypto investors. This is used to take advantage of the mom and pop investor and their hard earned money. My advice is to stay away from this company at all costs. There are legitimate crypto exchanges out there. This is not one of them. I don't know how they are allowed to stay in business.
itBit Trust Company, LLC. Reviews
This company is as shady as it gets. You deposit money so that you can partake in bitcoin or other crypto exchange transaction. This, on the surface, is similar to depositing money in stock trading exchanges. They claim to be for "insitutional investors" and that they are exremely safe. However, while they accept a wire deposit, with no questions asked, so you can start your crypto account. good luck when you try to cash out your fiat or crypto ballance. Then, and only then, they ask you a million questions about your job title, source of income, etc, saying that they are an "anti-money laundering" company. However, even if you do answer all their questions, and show where the money comes from, they just ask you more questions, without justification. Then, when you bring this up, they stop answering your emails. Forget about even getting through to their phone line, or about getting a call back when leaving a message. This is not an exchange. This is a scam operation designed to steal customer's funds. I am not talking about trading risk. I made very few trades before asking for my money back. They refused to send my money, which had never been used to buy cryptos, back to me. The company also uses slick words, like keeping the cryptos in "cold storage", which might confuse and appeal to newbie crypto investors. This is used to take advantage of the mom and pop investor and their hard earned money. My advice is to stay away from this company at all costs. There are legitimate crypto exchanges out there. This is not one of them. I don't know how they are allowed to stay in business.