Tipitek Review: Overview
The Tipitek exchange asserts its association with Cryptocoinpay; however, a closer look at its Terms and Conditions reveals its status as a limited liability company. Interestingly, their official contact address is located in Singapore, a factor that could streamline regulatory oversight, given the Monetary Authority of Singapore’s regulation of crypto investment services.
Contradictorily, the company claims to have been registered in 2017, a declaration at odds with the fact that their domain was only created in 2020. This inconsistency raises suspicions about potential rebranding or misleading practices aimed at traders. Such disparities warrant careful consideration, prompting us to our Tipitek review, where we aim to meticulously unravel the intricacies surrounding this company.
Website – https://tipitek.com/
Address – 194 Bishan Street 13, #03-537, 570194, Singapore
Regulation Status – Unregulated
Warning – Not recommended by review website like Enverra Capital
Domain Age –
Is Tipitek legit or a scam?
Typically, a quick method to determine a company’s legitimacy is by checking its regulatory status. In this instance, scrutiny is directed towards the Monetary Authority Service (MAS) in Singapore. Unfortunately, the records do not indicate that Cryptocoinpay LTD is under regulation by MAS. Consequently, the trustworthiness of any services offered by the company comes into question.
To ensure a thorough assessment and prevent hasty conclusions, additional verification was carried out using other Tier 1 databases like FCA, AMF, BaFin, and ASIC. Regrettably, the outcomes remained consistent, revealing a lack of regulatory approval across these reputable platforms.
Bonus and Investment Cost
Fortunately, this company abstains from offering any type of bonus, alleviating concerns about obscure policies that might hinder fund withdrawals. However, the absence of regulatory oversight poses a potential risk for unforeseen developments in the future.
It’s crucial to note that the company does not disclose any investment costs, particularly the taker and maker fees, pivotal factors that can significantly influence the trajectory of your investment journey.
In the realm of trading, a single deception can diminish enthusiasm for future transactions. Consequently, any aspirations may be dashed. Therefore, exercising prudence in the selection of an investment company is paramount. Otherwise, unsuspected fees, as attested by other traders, may become an unwelcome reality.
Tipitek Review: Trading Assets
Dealing with unregulated companies when it comes to tradeable assets raises significant doubts. The assets provided lack realism, representing only a fictional portrayal of cryptocurrency investment options. Additionally, the inclusion of tokenized indices and shares, offering assets like BNB, BTC, USDT, SHIB, DOT, and a few others, adds to the questionable nature of the offerings.
Available Trading Account
An additional crucial point is that the company lacks a reliable trading platform. Despite promoting an advanced trading platform, it is probable that the platform is web-based, opening the door to various manipulations.
Tipitek Review: Customer Support
If you wish to communicate with the company’s staff, you have several viable options. There are distinct email addresses designated for various inquiries. Additionally, the company provides three separate phone lines catering to clients from the United States, the United Kingdom, and Singapore. The support team is available during standard working hours, from 9 AM to 6 PM GMT on weekdays.
Tipitek Review: Withdrawal Issues
The company is requesting payment of fees that do not exist. The 15% charge is not outlined in the Terms and Conditions or the withdrawal policy. Furthermore, the company does not disclose information regarding processing time or methods.
Conclusion
If you’ve fallen victim to a Tipitek scam, forex scam, cryptocurrency scam, romance scam, or any other fraudulent activity, it is crucial to seek professional assistance for fund recovery. Initiate the recovery process by filling out our complaint form on our website to schedule a free consultation. Our experienced team will guide you through the fund recovery procedure, offering expert assistance to retrieve your funds.
You may take steps to reclaim your lost money and protect yourself from scams in the future with the correct assistance and support. Read about Facebook Scams, Forex Trading Scams, Crypto currency Scams, Romance Scams, Social media scams, and various other Types of scams.
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