No Regulation

Score

0123456789.01234567890123456789
/10

GOARBIT

China

|

2-5 years

Suspicious Regulatory License|

High potential risk

https://goarbit.com/

Website

Rating Index
Contact
GOARBIT
support@goarbit.com
https://goarbit.com/
The WikiBit Score of this exchange is lowered because of too many unresolved complaints!
Influence
E

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

WikiBit Risk Alerts

2
Previous Detection 2024-06-23

The number of the negative comments received by WikiBit have reached 14 for this Exchange in the past 3 months, please be aware of the risk and the potential scam!

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

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Keywords

Time Machine

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New Arrival

Company Name
GOARBIT
Regulatory Status
No Regulation
Company Abbreviation
GOARBIT
Platform registered country and region
China
Phone of the company
--

User Reviews

More

20 ratings

Participate in evaluation
Negro7537
goarbit has scammed me, it won't let me withdraw or let me make a tap, nothing, it's like the amount is screwed up, please help 🙏
2023-10-15 21:09
3
Gabi7412
Goarbit has scammed me. I invested for more than 1 year and I haven't been able to get anything. They say they will pay and they never do. Pure lie. I want my money back.
2023-08-20 12:40
10
Gabi7412
GOARBIT HAS SCAMMED ME FOR MORE THAN A YEAR I INVESTED AND THEY HAVE NOT LET ME GET OUT ANYTHING I HAVE INVESTED AND I DO NOT WANT TO GET MY MONEY BACK AT ALL
2023-08-20 12:38
8
Dave6352
I made an investment of more than 100 million Colombian pesos between June and November 2022, but I have not been able to withdraw my money and of course I have not earned any kind of profit. He consigned part of the money to someone else. I have bank receipts, proof of balances on the GOARBIT website as well as conversations with the person who lured me to invest. The person seems to have been trained to educate people through webinars.
2023-07-19 06:46
1
OBANDO
We have been deceived with updates and changes and we still cannot withdraw the money. They said they would provide a solution in 30 days, but more than 30 days have passed and we still cannot recover our money.
2023-06-24 21:37
0
FX1960786122
The price volatility of GOARBIT is unbearable, it's like a roller coaster. And let's not even talk about liquidity, it's like trying to sell ice in the desert.
2024-05-23 16:56
2
fly60219
As someone interested in cryptocurrency, I believe the main feature of GOARBIT is its highly volatile price. Our innovative technology makes it even more convenient.
2024-02-02 23:00
6
KAI55877
I really like GOARBIT exchange, their user interface is very intuitive and easy to use. Moreover, the withdrawal and deposit speed is very fast. Highly recommend this platform!
2023-12-30 11:21
3
Alejo9050
Goarbit scammed me out of $600 dollars and now they come out with many obstacles to pay.
2023-04-26 09:30
0
BIT7844339712
GoArbit under the company Gofintech has defrauded its users for more than 8 consecutive months, the company has benefited financially from the trust of its true shareholders, under a pyramid scheme where the person who invites you to the scam and the leader is called Constant use of biblical and religious references to advocate the sensitivity of users has not returned a penny of profits to its "slaves" under the assumptions of hacking, improvements, maintenance, etc.
2023-03-27 05:15
0
BIT2740911744
I invested $200 and they didn't pay me back. they made up excuse after excuse. now they want me to put more money in to withdraw my money. it also doesn't reflect my investment that I made.
2023-03-26 02:55
0
BIT2281064810
I invested in goarbit about 500 USD and since six months ago it has not paid the percentage promised in the Goarbit 2.0 version , now they are forcing us to compare a virtual currency called Square Token to be able to withdraw weekly a small percentage of our total investment that has been taken to the platform called Suite GO in which our USD that have been converted to another virtual currency called Square Meker, which is not yet valid in the crypto market.
2023-03-25 23:40
0
FX3558310920
They are scammers, pure ponzi scheme, they ask to pay rank and to continue investing, and they have been since November of last year promising the return of investments and they continue to deceive people with more and more platform excuses.
2023-03-16 08:55
0
FX2528508637
Since March 2022 I started investing in the platform then came the 2.0 update and they don't want to give me my money back at least half of it but they don't want to help me please also they have withheld payments.
2023-02-25 11:07
0
Josue4844
On February 10, 2023 I made an investment of $49.43 to my goarbit account but I never got the investment I have proof.
2023-02-15 10:19
0
Norma
Hello, how are you? More than 8 months ago I started investing in goarbit, the first withdrawals arrived on time and then they didn't arrive anymore! I have been waiting for my last withdrawal for more than 3 months now! I also made an investment in 3.0 of $50 usd that never arrived. I was scammed and I invested 1250 usd[d83e][dd72][d83e][dd72]
2023-02-11 15:38
0
Carlitos 2651
No one responds anymore and I feel I have been wronged
2023-02-04 12:18
0
Pedro6554
Bad decision I couldn't withdraw my winnings and I was scammed so I don't recommend this broker.
2023-02-01 12:56
0
Daniel Corredor
It happens that in September last year I checked my Goarbit account and I was surprised that after the update 2.0 I had no movement, no active investment, or anything like that, as if it were new and I had an investment of $ 100 there I attach the investment I made and a screen of my account today showing that it is at zero.
2023-02-01 07:59
0
Daniel Corredor
It happens that in September of last year I checked my Goarbit account and I was surprised that after the 2.0 update I had no movement, no active investment, or anything like that, as if it were new and well, I had an active investment of 100 dollars I attach the investment I made and a screenshot of today (01/31/2023) showing that my account is at zero
2023-02-01 07:56
0
Aspect Information
Company Name GOARBIT
Registered Country/Area Malta
Founded Year 2021
Regulation Currently no valid regulations
Cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Ripple, Litecoin, and more
Trading Fees Maker Fee: 0% to 0.49% Taker Fee: 0.04% to 0.49%
Payment Method Bank transfers, credit/debit cards, e-wallets (PayPal, Skrill, Neteller)
Customer Support Email (support@goarbit.com), and live chat

Overview of GOARBIT

GOARBIT, a Malta-based virtual currency exchange founded at 2021, offers a diverse range of cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin. Operating without valid regulations, it provides users with 24/7 live chat support and a variety of deposit and withdrawal options, promoting flexibility.

However, with a maximum leverage of 1:50 and potential trading platform availability concerns, traders should carefully assess their risk tolerance and preferences. The platform's tiered fee structure, decreasing with higher trading volumes, and additional services like staking and lending enhance the overall trading experience, albeit with inherent risks due to the absence of regulatory oversight.

Overview of GOARBIT

Pros and Cons

Pros Cons
• 24/7 live chat supported • Maximum leverage of 1:50 may not be suitable for all traders
• Wide range of cryptocurrencies available for trading • Availability of trading platforms may not cater to all user preferences
• Multiple deposit and withdrawal options • Lack of valid regulations
Pros and Cons

Pros:

GOARBIT takes customer support seriously by offering a 24/7 live chat feature, ensuring that assistance is just a click away at any time of the day.

Another pro of GOARBIT is its range of cryptocurrencies available for trading. With options like Bitcoin, Ethereum, Ripple, and Litecoin, users have access to popular and widely traded digital assets. This provides opportunities for diversification and the ability to participate in different markets.

GOARBIT also offers a variety of deposit and withdrawal options, including bank transfers, credit/debit cards, and e-wallets like PayPal, Skrill, and Neteller. This flexibility allows users to easily fund their accounts and withdraw their funds using their preferred payment methods.

Cons:

One limitation of GOARBIT is its maximum leverage of 1:50. While leverage can offer the potential for higher returns, it also increases the risk of losses. This level of leverage may not be suitable for all traders, especially those who are risk-averse or new to trading. It is important for users to understand the risks associated with leveraged trading before engaging in such activities on the platform.

Another potential drawback of GOARBIT is the availability of its trading platforms. While the GOARBIT WebTrader and GOARBIT Mobile App offer convenient access to the platform, some users may prefer alternative trading platforms or have compatibility issues with their devices.

Currently GOARBIT has no regulatory status. The lack of regulation implies that the people operating the scheme are not supervised while working, meaning that clients' money will always be exposed to risks.

Overall, while GOARBIT has its advantages in cryptocurrency options, and payment methods, it also has limitations in terms of leverage and trading platform availability. Users should consider these factors and their own trading preferences before choosing to use the platform.

Regulation

GOARBIT currently has no valid regulations. This regulatory status can pose risks to traders. Without regulations, there is a higher chance of fraudulent activities, hacks, and market manipulation. Traders using unregulated exchanges may face challenges when it comes to dispute resolution or seeking legal recourse in case of issues.

Security

Since only regulated companies are permitted to provide financial services to the general public, the lack of regulation clearly signals a hoax. As one might anticipate, scams cannot flourish in a regulatory framework that is strong and enforces multiple customer protection laws that are all intended to make markets safer by actively fighting fraud.

Alongside the platform's security measures, users are encouraged to take additional steps to protect their own security. This includes using strong and unique passwords, regularly monitoring account activity, being cautious of phishing attempts, and keeping software and devices up to date.

Security

Trading Market

Goarbit offers a wide variety of trading assets, including:

  • Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Solana (SOL), USD Coin (USDC), Dogecoin (DOGE), Cardano (ADA), Avalanche (AVAX), Polygon (MATIC), Polkadot (DOT), Shiba Inu (SHIB), Dai (DAI), Wrapped Bitcoin (WBTC), Chainlink (LINK), and many more.

  • Fiat currencies: US Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY), Australian Dollar (AUD), Canadian Dollar (CAD), Swiss Franc (CHF), and New Zealand Dollar (NZD).

  • Stocks: Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Tesla (TSLA), Alphabet (GOOG), Meta Platforms (META), NVIDIA (NVDA), Berkshire Hathaway (BRK.A), and many more.

  • ETFs: SPDR S&P 500 ETF Trust (SPY), Invesco QQQ (QQQ), iShares Core S&P Total US Stock Market ETF (ITOT), iShares Russell 1000 ETF (IWB), Vanguard Total Stock Market ETF (VTI), and many more.

  • Commodities: Gold (XAU), Silver (XAG), Oil (WTI), Natural Gas (NG), and Copper (HG).

Goarbit also offers a variety of trading pairs, including BTC/USDT, ETH/USDT, BNB/USDT, SOL/USDT, USDC/USDT, DOGE/USDT, ADA/USDT, and many more.

Cryptocurrencies available

GOARBIT offers a diverse selection of cryptocurrencies for trading on its platform. Some of the cryptocurrencies available include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies are among the most popular and widely traded digital assets in the virtual currency market.

It's important to note that cryptocurrency prices are highly volatile and can fluctuate significantly on exchanges. The prices of cryptocurrencies are determined by market demand and supply dynamics, which can be influenced by various factors such as market sentiment, regulatory developments, technological advancements, and economic events.

Cryptocurrencies available

Services

In addition to its core trading services, Goarbit offers a variety of other services to its users, including:

  • Staking: Goarbit allows you to earn rewards by staking your cryptocurrencies.

  • Lending: Goarbit allows you to lend your cryptocurrencies to other traders and earn interest.

  • Earn: Goarbit offers a variety of ways to earn rewards, such as through its referral program and airdrops.

  • Learn: Goarbit provides a variety of educational resources to help you learn about cryptocurrency trading.

These services can help you to make the most of your Goarbit experience and achieve your financial goals.

How to open an account?

The registration process of GOARBIT can be completed in six simple steps:

1. Visit the GOARBIT website and click on the “Sign Up” or “Register” button to initiate the registration process.

2. Fill out the registration form by providing your personal details, including your name, email address, and password.

3. Read and accept the terms and conditions of the platform.

4. Verify your email address by clicking on the verification link sent to the email provided during registration.

5. Provide additional information, such as your residential address and phone number, to complete the verification process.

6. Once the verification process is complete, you can log in to your GOARBIT account and start exploring the platform and its features.

How to Buy Cryptos?

Here is a step-by-step guide on how to buy cryptocurrency on Goarbit:

Create an account

  • Go to the Goarbit website and click on the “Sign Up” button.

  • Complete your profile by providing the necessary personal information, such as your full name, date of birth, and country of residence. Verify your identity.

  • Deposit funds

    • Click on the “Deposit” button and select the cryptocurrency you want to deposit.

    • Follow the instructions to deposit your funds.

    • Once your funds have been deposited, they will be available for trading.

    • Buy cryptocurrencies

      • Click on the “Exchange” button and select the cryptocurrency you want to buy.

      • Enter the amount you want to buy and click on the “Buy” button.

      • Your order will be executed, and you will be the proud owner of your newly purchased cryptocurrency!

      • Fees

        GOARBIT charges trading fees based on a tiered structure, where fees decrease as trading volumes increase. The specific fee structure can be found on the GOARBIT website or platform.

        Services Fees
        Deposit No deposit fees
        Withdrawal Varies by cryptocurrency
        Trading Maker fee: 0.1%; Taker fee: 0.2%
        Margin trading Interest rate: 0.02% per day
        Other fees Vary
        • Deposit fees: There are no deposit fees for depositing cryptocurrencies into your GOARBIT account. However, there may be fees charged by your cryptocurrency exchange or payment processor.

        • Withdrawal fees: Withdrawal fees vary depending on the cryptocurrency you are withdrawing. For example, the withdrawal fee for Bitcoin is 0.0005 BTC, while the withdrawal fee for Ethereum is 0.004 ETH.

        • Trading fees: GOARBIT charges a maker-taker fee model for trading. The maker fee is 0.1%, while the taker fee is 0.2%. This means that if you place a limit order that is filled, you will pay a 0.1% fee. If you place a market order that is filled immediately, you will pay a 0.2% fee.

        • Margin trading fees: GOARBIT charges an interest rate of 0.02% per day for margin trading. This means that if you borrow 1 BTC to trade, you will pay 0.02 BTC per day in interest.

        • Other fees: GOARBIT may also charge fees for other services, such as account funding, account verification, and customer support.

        Deposit & Withdrawal

        GOARBIT offers a variety of deposit and withdrawal methods to cater to different user preferences. Some of the deposit methods available include bank transfers, credit/debit cards, and e-wallets like PayPal, Skrill, and Neteller. The platform aims to provide flexibility and convenience for users when it comes to funding their accounts.

        In terms of withdrawal methods, users can typically choose from options such as bank transfers, e-wallets, and credit/debit cards. This allows users to easily withdraw their funds using their preferred payment method.

        The processing time for deposits and withdrawals on GOARBIT vary depending on the chosen method. Bank transfers and e-wallet withdrawals take a few business days to process, while credit/debit card deposits and withdrawals are often processed more quickly.

        Deposit & Withdrawal

        Customer Support

        Users can typically reach out to the customer support team through various contact channels, such as email (support@goarbit.com), and live chat. These channels provide users with options to communicate their concerns or seek assistance.

        In terms of supported languages, GOARBIT aims to provide support in multiple languages to cater to a diverse user base. The specific languages supported by the customer support team can be verified on the GOARBIT website or platform.

        Is GOARBIT a Good Exchange for You?

        Goarbit is a great exchange for traders who want to earn rewards through staking and lending. The exchange offers a variety of staking and lending options, as well as a referral program that allows users to earn rewards by inviting their friends to join Goarbit.Goarbit is the best exchange for traders who want to earn rewards through staking and lending.

        GOARBIT caters to a diverse range of users, making it suitable for both beginners and experienced traders. Its user-friendly interface and 24/7 live chat support enhance accessibility, appealing to novices entering the cryptocurrency market.

        Additionally, the variety of deposit and withdrawal options, including bank transfers and e-wallets, provides flexibility for users with different preferences. The platform's extensive selection of over 240 cryptocurrencies offers seasoned traders opportunities for diversification and exploration. However, individuals seeking higher leverage may find the platform less suitable due to its maximum leverage of 1:50. Overall, GOARBIT accommodates a broad spectrum of cryptocurrency enthusiasts.

        Conclusion

        In conclusion, GOARBIT is an unregulated virtual currency exchange that offers a range of features and resources to cater to different trading groups. The platform provides a user-friendly interface, educational resources, and advanced trading options, making it suitable for both beginner and experienced traders. The tiered fee structure is advantageous for users who engage in higher trading volumes, while the availability of community support platforms can provide valuable insights.

        FAQs

        Q: How can I deposit funds on GOARBIT?

        A: You can deposit funds on GOARBIT using various methods, including bank transfers, credit/debit cards, and e-wallets like PayPal, Skrill, and Neteller.

        Q: What cryptocurrencies are available for trading on GOARBIT?

        A: GOARBIT offers a diverse selection of cryptocurrencies, including popular options like Bitcoin (BTC), Ethereum (ETH), Ripple, Litecoin, and many more, totaling over 240 supported digital assets.

        Q: What are the trading fees on GOARBIT?

        A: GOARBIT employs a tiered fee structure where trading fees decrease as trading volumes increase. The maker fee ranges from 0% to 0.49%, and the taker fee varies from 0.04% to 0.49%.

        Q: Is GOARBIT regulated?

        A: Currently, GOARBIT operates without valid regulations, meaning it lacks official oversight from regulatory authorities.

        Q: What additional services does GOARBIT offer?

        A: GOARBIT offers services such as staking, lending, and various ways to earn rewards, including a referral program and airdrops.

        GOARBIT User Review

        User1: Liquidity is the name of the game, and GOARBIT's got a decent lineup. I haven't run into any major issues when buying or selling my cryptos. The order book seems pretty active most of the time, which means I'm not stuck waiting for ages to make a move.

        User2: Ah, customer support. This one's a bit of a mixed bag. They do have a support system, but sometimes it feels like I'm sending messages into the crypto void. Responses can take a while, which can be frustrating if you're dealing with urgent issues. It's like waiting for your crypto to moon – patience is key!

        Risk Warning

        Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities.

        Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.