Bitvestment Review – Is it Scam? – CFDs and Real Cryptos

Introduction

In today's digital age, cryptocurrencies have become a popular investment option for individuals looking to diversify their portfolios and potentially earn significant returns. With the rise in popularity of cryptocurrencies, numerous investment platforms have emerged, offering various trading options and services. Bitvestment is one such platform that claims to provide a secure and user-friendly environment for trading cryptocurrencies. In this article, we will review Bitvestment in detail, examining its features, security measures, customer support, and more. Additionally, we will address the common concerns about scams in the cryptocurrency market and determine whether Bitvestment is a legitimate investment platform or a scam.

What is Bitvestment?

Bitvestment is an online investment platform that allows users to trade cryptocurrencies through Contracts for Difference (CFDs). CFDs are financial derivatives that enable traders to speculate on the price movements of cryptocurrencies without owning the underlying asset. Bitvestment offers a wide range of cryptocurrencies to trade, including Bitcoin, Ethereum, Ripple, and more. The platform aims to provide a user-friendly interface and advanced trading tools to cater to both beginner and experienced traders.

Key features of Bitvestment include:

Variety of cryptocurrencies: Bitvestment offers a diverse range of cryptocurrencies to trade, allowing users to choose from popular options and lesser-known altcoins.
Advanced trading tools: The platform provides users with a variety of tools to analyze the market and make informed trading decisions. These tools include technical analysis indicators, real-time charts, and historical price data.
Risk management features: Bitvestment offers risk management tools such as stop-loss orders, which allow users to set a predetermined price at which their trades will automatically close to limit potential losses.

Mobile compatibility: Bitvestment is compatible with mobile devices, allowing users to trade on the go and monitor their investments at any time.

Is Bitvestment a Scam?

The cryptocurrency market has gained a reputation for its volatility and the presence of scams and fraudulent activities. It is essential to verify the legitimacy of any investment platform before depositing funds. In the case of Bitvestment, the platform appears to be legitimate and trustworthy based on several factors.

Regulation and oversight: Bitvestment is regulated by financial authorities, ensuring that it operates in compliance with the relevant laws and regulations. This oversight adds a layer of security and trust for users.
User reviews and experiences: User reviews and experiences can provide valuable insights into the legitimacy and reliability of an investment platform. Positive reviews from users who have used Bitvestment and successfully traded cryptocurrencies indicate that the platform is trustworthy.
Transparent and secure transactions: Bitvestment ensures the security of its users' funds through robust encryption and security protocols. Additionally, the platform provides transparent transaction records, allowing users to track their deposits, withdrawals, and trades.

Based on these factors, it is unlikely that Bitvestment is a scam. However, it is essential to conduct thorough research and exercise caution when investing in cryptocurrencies or using any online investment platform.

Understanding CFDs

Before delving further into Bitvestment, it is crucial to understand Contracts for Difference (CFDs) and how they work. CFDs are financial derivatives that allow traders to speculate on the price movements of an underlying asset without owning it. When trading CFDs, traders enter into an agreement with a broker to exchange the difference in the price of the underlying asset between the time the contract is opened and closed.

Advantages of CFD trading include:

Leverage: CFDs allow traders to gain exposure to a larger position than their initial investment, known as leverage. This can amplify potential profits but also increase potential losses.
Short-selling: CFDs allow traders to profit from both rising and falling markets. If a trader believes that the price of a cryptocurrency will decrease, they can sell the CFD and buy it back at a lower price to make a profit.
Access to various markets: CFD trading provides access to a wide range of markets, including stocks, commodities, indices, and cryptocurrencies. This allows traders to diversify their portfolios and take advantage of different market trends.

Disadvantages of CFD trading include:

Risk of leverage: While leverage can amplify potential profits, it can also lead to significant losses. Traders must carefully manage their risk and consider the potential impact of leverage on their investments.
Counterparty risk: When trading CFDs, traders enter into an agreement with a broker as the counterparty. This introduces counterparty risk, as the trader is reliant on the broker's ability to fulfill their obligations.
Lack of ownership: With CFD trading, traders do not own the underlying asset but only speculate on its price movements. This means that traders do not have any voting rights or entitlements to dividends or other benefits associated with owning the asset.

Real Cryptos vs CFDs

When it comes to investing in cryptocurrencies, there are two primary options: investing in real cryptocurrencies or trading CFDs based on their price movements. Each option has its pros and cons.

Investing in real cryptocurrencies involves purchasing the actual digital assets and holding them in a digital wallet. This method allows investors to directly own the cryptocurrencies and potentially benefit from their long-term value appreciation. Some advantages of investing in real cryptocurrencies include:

Ownership and control: Investing in real cryptocurrencies grants investors ownership and control over their assets. They can securely store their cryptocurrencies in a digital wallet and have full control over buying, selling, and transferring their holdings.
Long-term potential: Some cryptocurrencies have shown significant price appreciation over the years, making long-term investment in real cryptocurrencies potentially profitable. Investors can benefit from the growth of the cryptocurrency ecosystem and the adoption of blockchain technology.
Participation in the crypto community: Owning real cryptocurrencies allows investors to actively participate in the cryptocurrency community, including voting on blockchain proposals, participating in staking, and supporting projects they believe in.

However, investing in real cryptocurrencies also has its drawbacks, including:

High volatility: Cryptocurrencies are known for their extreme price volatility. While this volatility can lead to significant profits, it can also result in substantial losses.
Security risks: Owning real cryptocurrencies requires taking precautions to secure digital wallets and protect private keys. Failure to do so can result in the loss of funds through hacking or other security breaches.
Limited liquidity: Some cryptocurrencies may have lower liquidity compared to more established assets, making it challenging to buy or sell large amounts of the cryptocurrency without impacting the market price.

On the other hand, trading CFDs on cryptocurrencies, such as what Bitvestment offers, allows investors to speculate on the price movements of cryptocurrencies without owning the underlying asset. Some advantages of CFD trading on cryptocurrencies include:

Flexibility: CFD trading allows investors to take advantage of both rising and falling markets. If an investor believes that the price of a cryptocurrency will decrease, they can take a short position and potentially profit from the price decline.
Margin trading: CFDs offer leverage, allowing investors to gain exposure to a larger position than their initial investment. This can amplify potential profits, but it is important to note that it can also increase potential losses.
Access to various cryptocurrencies: CFD trading provides access to a wide range of cryptocurrencies, allowing investors to diversify their portfolios and take advantage of different market trends.

However, CFD trading also has its disadvantages, including:

Counterparty risk: CFD trading involves entering into an agreement with a broker as the counterparty. This introduces counterparty risk, as investors are reliant on the broker's ability to fulfill their obligations.
Lack of ownership: CFD trading does not provide investors with ownership of the underlying asset. They only speculate on its price movements, which means they do not have any voting rights or entitlements to dividends or other benefits associated with owning the asset.
Risk of leverage: While leverage can amplify potential profits, it can also lead to significant losses. Investors must carefully manage their risk and consider the potential impact of leverage on their investments.

Ultimately, the choice between investing in real cryptocurrencies and trading CFDs depends on individual preferences, risk tolerance, and investment objectives.

How to Get Started with Bitvestment

If you are interested in trading cryptocurrencies on Bitvestment, here is a step-by-step guide to help you get started:

Sign up for an account: Visit the Bitvestment website and click on the "Sign Up" or "Register" button. Fill in the required information, including your name, email address, and password.
Verify your email: After signing up, you will receive a verification email. Click on the verification link provided in the email to verify your account.
Complete the KYC process: To comply with regulatory requirements, Bitvestment may require you to complete the Know Your Customer (KYC) process. This involves providing additional information, such as a copy of your identification document (e.g., passport or driver's license) and proof of address (e.g., utility bill or bank statement).

Deposit funds: Once your account is verified, you can proceed to deposit funds into your Bitvestment account. The platform supports various deposit methods, including bank transfers, credit/debit cards, and cryptocurrency deposits.
Choose investment options: After depositing funds, you can explore the different investment options available on Bitvestment. The platform offers a range of cryptocurrencies to trade, and you can select the ones you are interested in.
Manage risk: Bitvestment provides risk management tools to help you protect your investments. Consider setting stop-loss orders, which automatically close your trades at a predetermined price to limit potential losses.

Start trading: With funds deposited and investment options selected, you can start trading cryptocurrencies on Bitvestment. Utilize the platform's advanced trading tools and analysis features to make