BTC Grand Review Is BTC-Grand.com Scam Or Legit

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BTC Grand Review: Is BTC-Grand.com Scam Or Legit?

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RightBTC Review – is rightbtc.com scam or good cryptocurrency exchange?

Trading Accounts & Conditions

Account type Min. Deposit Leverage Trading fee*
Standard 0.0001BTC /ETH 0.01 N/A 0.2%

*Withdrawal fees also apply.

RightBTC is a coin-to-coin exchange headquartered in Dubai where users can trade
Bitcoin, Ethereum, Litecoin, ETP and other digital assets. As is usually the case with most exchanges, RightBTC offers a single account type with no option for margin trading and charges some fees for its services.

RightBTC Advantages

Competitive Trading Fees

Trading fees on RightBTC are flat, amounting to 0.2%, irregardless of the asset you trade, and whether you are a market “taker” or “maker” . Such fees are in-line with the offers of other exchanges.

Decent amount of altcoins

Apart from Bitcoin, at the RightBTC exchange one can trade in ETH, ETC, LTC, BCC, ETP, DLT, ZGC, ZDC, STORJ, and others. Although the total number of instrument at some exchanges exceeds 200 or even 300, we reckon that RightBTC offers a decent amount of altcoins.

Nice and simple trading platform

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T he platform provided by RightBTC leaves a n overall positive impression. It is not that impressive, but its seems like a perfectly functional trading place. Like most similar venues, charts are not advanced like the ones on the popular forex trading platform MetaTrader 4 . Also, some users may miss live chat, as RightBTC’s platform doesn’t have such. Here is a screenshot of the platform:

RightBTC Disadvantages

Fiat currencies not accepted

Fiat currencies are accepted at RightBTC, you can only deposit in cryptocurrencies, supported by the exchange. This, of course means, that you cannot use your bank account or credit card in order to start trading at RightBT.

Low trading volumes

As we played around on RightBTC’s platform a bit, we noticed that trading volumes on most pairs are rather poor. The situation with ETH/BTC seems ok, though. This is the most traded pair at RightBTC and currently it constitutes 99.99% of its overall trading volume (according to CoinMarketCap).

RightBTC does not charge cryptocyrrency deposits, but imposes fees on transfers out of the exchange. It uses the following formula: Withdraw Fee = Base + (Withdraw Number × Rate).You can find the details in the screenshot below:

While t his is not unusual for crypto-exchanges , it still leaves a bad impression . Besides, RightBTC has set some maximum daily withdrawal limit s ( 15 BTC ).

No Leverage available

As we have mentioned above, t rading with leverage is not available at RightBTC. In case you are willing to speculate more aggressively with Bitcoin, a forex broker may present a decent alternative.

We must mention there is a serious difference between dealing with a crypto-exchange and a Forex broker. You will not actually be in possession of the given coin, but only make or loose money, based on its price movements. Read all about it here.

Unlike other exchanges , however, RightBTC does provide wallets for its clients.

Conclusion

RightBTC has left us with mixed feelings. It is a crypto-to-crypto Dubai-based exchange whose offerings are nothing special in the crypto world: it has a relatively nice and simple platform with competitive trading fees , but also charges withdrawals. What bothers us most with RightBTC, apart from the low trading volumes on most assets, is that it does not provide any information on the company behind it .

After all , one’s security of funds is way more important than fees and the instruments available for trade . While most crypto-exchanges worldwide operate without any license, almost all share with the public who are the people behind it and provide some company background. So, RightBTC appears to be shadier than most exchanges, although it claims to keep clients’ coins in cold storage. Also, we couldn’t find reports of major hack s of t this exchange, which is always a good sign.

We remind you that you can always find a well-regulated and reliable forex broker, with whom to trade in cryptocurrency CFDs . Just make sure you understand the differences between trading with such brokers and on exchanges

Withdrawal fees apply

Pros Cons
Competitive trading f ees No info about the company that owns the exchange
Relatively good trading platform Fiat currendcies not accepted
Decent anount of altcoins offered
Deposits free of charge No wallet offere
No Margin trading
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for RightBTC

Spread

Slippage

Requotes

Price feed

Platform

Deposit/Withdraw

Customer service

Summary

rbtc good customer service

I ask their chat support about their wallet and some issue and they answer me in a quick response so it is a good experience for me.

Very Neat and Simple

Well there some delays in the platform but I think this thing works for me anyway hope guys appreciate little trading platforms like this

Worst Run Exchange Ive ever encountered

While RightBTC is not a scam (I have deposited and withdrew lots of $ on their exchange, I will say that they are without a doubt the worst exchange imaginable. I only joined bc I wanted some Metaverse ETP and RightBTC was the only exchange that seemed kinda legit (for American customers, couldnt use bitfinex).
A few of the glaring issues with RightBTC are as follows:
1. When I would deposit funds into my account, it would take them anywhere from a couple days to over a week to actually give me access to the funds.
2. When I would make a transaction lets say BTC to ETH, it could take multiple days (even when the transaction was confirmed) for my crypto to be accessible. This is because their system is NOT automated. Meaning, for every transaction, one of their reps has to go manually and confirm the trade and convert the funds.
3. Their exchange is so poorly thought through. For example, they have an option on their exchange to verify account identity (KYC) to gain access to deposit and withdrawal of fiat. However, upon getting verified (which took weeks and many emails with their staff that was not knowledgeable), I come to find out that they dont even have a place on their site to enter bank information! SO they tell you to get verified (send in photo IDS, bank statements, etc, and then when you do get verified, there is no actual option to even withdraw fiat from their exchange. Whoever created this exchange may have been smoking too much pot
4. They do NOT keep a record of your trades/transactions/CVC. I was able to find SOME of my trades from the second half of the year, but not all. I was unable to find my entire trade history on their site, so i emailed their support team, and they literally told me that they do not have access to that data. SO If you live in any country that requires a record of every transaction for tax purposes (which the US does), you are basically screwed.
Please save yourself the hassle and do not use this exchange ever.

RightBTC is rife with problems

I trasnferred 180k TRX from Binance to RightBTC to try their exchange out. I was horribly mistaken to try it. should have stayed with Binance.

RightBTC has horrible problems such as their search bars often are unresponsive so searching by typing doesnt work. When I transferred my TRX it showed up at first and I wanted to start trading but the numbers were off meaning. LiveCoinWatch showed TRX trading at 28 cents but on the website itself its trading at 650. even though last trading price on their own website says 759 around that 28 cent trading mark. horribly off causing coin market websites to show it as if Right BTC is trading much higher. Its Right BTCs fault distributing incorrect numbers to other sites.

Then as I wanted to transfer back to Binance it limited me to 500 TRX. 500 TRX. are you kidding me, Having no KYC on Binance limits you toi 2 BTC a day, currently around 6800$. RightBTC without KYC limits you to 10$ withdral limit what a freaking joke.

I increased the KYC stage 1 on RightBTC then they raised it to 25,000 TRX.

I compoleted Stage 2 KYC on Right BTC and then the website became screwy. first the lagging the constant lagging. then my TRX dissapeared completely. I go to balances and where i had around 180k TRX now shows 0TRX.

My profile says Stage 2 KYC completed but my account shows nothing.

Now my profile constantly shifts back to stating I need to complete stage 1 and 2 KYC to showing they are complete. the site has too many bugs.

Once my TRX shows up and getting off this exchange as fast as possible.

As a crypto trader anyone should know things like this will scare people away. this exchange will not last long if they cannot fix their problems.

Scam Site

They have a stupid wash trading system to fake volume. That was so terrible that I could make in short time 10BTC. Overnight they lock my account and an pending withdraw was not executed. The support only answering like this:

Thank you for reply. Due to system detected that your account existed abnormal transaction. In order to protect your account safety, your account login function was banned. Tech team need to check your account datas and transaction record. Please be patient. Once any update we will mail you. Sorry we cannot provide you an actual time or an estimate time.

Best regards,
RightBTC support team

After 3 or 4 tries the didn’t answering my requests. So stay away from this scam site.

Scam – Avoid it

I have been waiting for more than 7 days for withdrawing. Customer service do nothing, just always lies.

They do the same with other customers. It’s a totally unreliable scam exchange, avoid it.

I deposited ETH to RightBTC and it is showing 0
They are thieves, mother ff
return my coins as*hole

Update company behind RightBTC

The company behind RightBTC is Veiwfin, the company that created Metaverse, China’s first public blockchain: http://www.viewfin.com/

Stay Away. Inaccurate listing of coins, unqualified support, poor management

Rightbtc requested Selfkey to be listed on their exchange on coinmarketcap, they don’t trade Selfkey(KEY). They actually trade Bihukey (KEY). They don’t list the full name of the coins they trade or contract addresses on the site, due to this poor process I sent, 5,700 which is not forfeited due to their clerical error and poor design. Not to mention it took them three weeks to figure out their mistake. Now I wait for a response from management for a response to the situation.

BiteBTC СКАМ .

shooter

Бывалый

про этих воров уже много раз писали,но мне как-то на глаза эта тема не попадалась,пока меня лично не коснулось.
вообщем майнил и продавал MicroBitcoin (MBC) на этой бирже,а когда попытался вывести заработанное,получил письмо ,где написано в переводе—

Уважаемый трейдер,
Ваша учетная запись была временно отключена и в настоящее время находится на рассмотрении соответствия, что влечет за собой проверку недавних и прошлых действий учетной записи, чтобы убедиться, что наши пользователи соблюдают наши условия обслуживания.

Депозитная транзакция (ы):
4a317d1c2042c0bb55727cf639875e088fb143b7f9ec79eed2a36b89334faabd

Для облегчения нашего обзора, пожалуйста, предоставьте следующую информацию:
– источник средств для вышеуказанной транзакции, т. Е. Как и где они были приобретены или приобретены
– Соответствующая документация, которая указывает на подтверждение права собственности на данные средства

Спасибо за ваше сотрудничество с этим вопросом.
После предоставления вышеуказанной информации и завершения проверки соответствия мы сообщим вам о результатах и состоянии вашей учетной записи.

после этого письма заблокировали аккаунт,зайти на биржу невозможно.

так что будьте бдительны и обходите этих ВОРОВ стороной

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