The Bitwise project declares itself as an international platform for trading digital assets. The year of the company's foundation is not specified, and information about the founders is missing on the official website herocyclesbitwise.com.
There is also no data on official registration in any jurisdictions or licenses from regulatory authorities. Bitwise's headquarters, according to some reports, may be located in Singapore, but the exact address and registration details are not disclosed.
Despite this, the exchange positions itself as a popular platform for traders worldwide. It offers a wide range of services, including spot and margin trading, and claims high security of user assets. Nevertheless, due to the limited transparency of information about the company, it is difficult to objectively assess its popularity and level of user trust.
It should be noted that the company's contact information, including office address, phone number, or email, is not available on the site.
Cryptocurrencies and Trading on the “Bitwise” Exchange
Trading in popular digital assets is available on Bitwise, among which the main cryptocurrencies of the global market are declared:
- BTC/USDT;
- ETH/USDT;
- EOS/USDT;
- DOGE/USDT;
- BCH/USDT;
- LTC/USDT;
- TRX/USDT;
- XRP/USDT;
- IOTA/USDT;
- FIL/USDT;
- FLOW/USDT and others.
In total, more than 25 trading pairs are available on Bitwise, covering both the most well-known cryptocurrencies and less common tokens. Currently, the exchange does not offer the possibility of trading with fiat currencies or direct account replenishment from bank cards or through bank transfer. All deposits and withdrawals are made in cryptocurrency, mainly through USDT.
Cryptocurrency Exchange Bitwise: Features
When registering on the “Bitwise” platform, you need to enter your email address or mobile number, receive and enter a confirmation code, create a password, and confirm it by re-entering it. There is also a field for entering an invitation code, however, the platform does not explain where it can be obtained and whether it is mandatory for registration.
Little is known about trading with an intermediary, but a few key points can be highlighted:
- types of trading - spot trading, margin trading, contract trading;
- leverage - up to 125x;
- security - cold storage of assets, multi-signature, reserve fund of 20,000 USD;
- availability - applications for Android and iOS, web version of the platform;
- user interface - claimed to be simple and convenient.
It should be noted that the herocyclesbitwise.com crypto exchange site lacks information about the minimum deposit amount or minimum amount to start trading. The platform does not disclose details regarding entry thresholds for traders, which may raise questions for potential users, especially beginners who want to understand the start-up capital requirements in advance.
At the same time, access to functionality is provided both through the web version of the platform and through mobile applications for Android and iOS, which can be downloaded from the company's website. Bitwise offers 24/7 trading and claims a dedicated security reserve of $20,000 to protect client funds.
How to Deposit and Withdraw Money from the www.herocyclesbitwise.com Crypto Exchange
According to the statement on the site, deposits and withdrawals on “Bitwise” are carried out quickly and conveniently. Funds can be transferred to major crypto exchanges and cryptocurrency wallets. However, specific methods of deposit and withdrawal (through bank cards, cryptocurrency transfers, etc.) are not described in detail on the site.
It is also unknown what the minimum amount for deposit and withdrawal is, the processing times for transactions, and the size of fees for transfers. Information on the regulation of such operations and the availability of licenses from financial authorities is not presented. This may be a reason for additional verification before starting work with the platform.
Conclusions about www.herocyclesbitwise.com
The “Bitwise” cryptocurrency exchange raises serious concerns. The platform does not confirm its registration and the availability of licenses with any official documents, which makes its activities completely non-transparent. In the ranking of crypto exchanges, Bitwise occupies low positions, which additionally indicates a lack of trust from users. Due to the absence of contact details and clear information about regulation, the risks of cooperation with this platform are extremely high. Before starting cooperation, it is worth additionally studying reviews about Bitwise from clients and financial market experts.
Казимир
Bitwise exchange are rats who steal money right from under your nose and then block your account! It's some kind of circus, seriously! Reaching support is like solving higher mathematics, almost impossible! And if you do get a response, it will be some stupid and useless reply like "try again later" or "we have scheduled maintenance," that's why you're banned. And to your question about what to do, complete silence. On the herocyclesbitwise.com website, they're completely silent like fish! It's just a ridiculous and pathetic approach! These vultures do nothing except try to scam people and take their money. If they've scammed someone, they already think it's fine to keep robbing naive users…
volodya о_0
The crypto exchange seems sketchy. No documents, nothing at all. Just promises of huge profits. Bitwise somehow found my number and started calling me, trying to convince me to invest money. They promise great returns and are good psychologists.