Exceeded

Score

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/10

BTLUX

Singapore

|

2-5 years

Digital Currency License|

Company Registration|

Common Financial Service License|

MSB License|

Suspicious Overrun|

High potential risk

https://www.btlux.top/

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

Sri Lanka 2.31

Better than 98.48% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
C

Licenses

AUSTRAC

AUSTRACExceeded

Digital Currency License

ASIC

ASICExceeded

Company Registration

FINTRAC

FINTRACExceeded

Common Financial Service License

FinCEN

FinCENExceeded

MSB License

FinCEN

FinCENExceeded

MSB License

Exchange Info

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Company Name
BTLUX
Phone of the company
--
Customer Service Email Address
support@btlux.co

WikiBit Risk Alerts

6
Previous Detection 2024-04-25

The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

Digital Currency License goes beyond their business with the licenses Australia AUSTRAC (license number: DCE-100704875-001), please be aware of the risk!

Company Registration goes beyond their business with the licenses Australia ASIC (license number: 641507959), please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

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Influence

Yesterday Vol

7 Days

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User Reviews

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6 ratings

Participate in evaluation
FX1063839282
币耀 trading is not as good as expected Highest fee! And don't forget about customer support!
2023-09-14 14:33
2
Seung don
The price volatility of Biyao is a bit worrisome, but the transaction fees are relatively low. It would be great if wallet security could be strengthened!
2024-03-25 02:47
2
BIT8125776182
The exchange has run away and cannot log in
2022-10-20 21:55
0
BIT1989217260
The withdrawal has not been made for over 20 days. Everyone be careful and does not be deceived.
2021-12-16 21:52
0
Verified Trader
BTLUX provides a range of advanced trading tools and features for both novice and experienced traders.
2023-04-14 17:47
0
Verified Trader
BTLUX is a cryptocurrency exchange that offers a variety of trading pairs and a user-friendly platform. While it may not be as well-known as some of its competitors, it has gained a solid reputation among its users.
2023-04-14 17:47
0
Aspect Information
Company Name BTLUX
Registered Country/Area Singapore
Founded Year 2017
Regulatory Authority AUSTRAC/ASIC/FINTRAC/FinCEN (Exceeded)
Cryptocurrencies offered Bitcoin, Ethereum, Litecoin, Ripple
Maximum Leverage 1:10
Trading Platforms Web Platform, Mobile App
Deposit & Withdrawal Bank Transfer, Credit/Debit Cards, E-wallets
Educational Resources Video Tutorials, Webinars, Trading eBooks
Customer Support Email, Live Chat, Phone

Overview of BTLUX

BTLUX, a virtual currency exchange platform, was founded in Singapore in 2017. It operates under the authority of five licenses. These licenses are granted by prominent regulatory bodies, including the Australian Transaction Reports and Analysis Centre (AUSTRAC), the Australia Securities & Investment Commission (ASIC), the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), and the Financial Crimes Enforcement Network (FinCEN). It offers a range of popular cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, and Ripple.

In terms of deposit and withdrawal options, BTLUX accepts bank transfers, credit/debit cards, and e-wallets, providing flexibility and convenience for its users. For traders seeking to enhance their knowledge and skills, BTLUX offers educational resources such as video tutorials, webinars, and trading ebooks.

Overall, BTLUX is a reputable virtual currency exchange that prioritizes regulatory compliance, offers a diverse range of cryptocurrencies for trading, provides flexible deposit and withdrawal options, and supports traders with educational resources and customer support.

What is BTLUX?

BTLUX is a virtual currency exchange that operates as a centralized exchange. As a centralized exchange, BTLUX acts as an intermediary between buyers and sellers, facilitating the trading of cryptocurrencies.

BTLUX offers a wide selection of popular cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, and Ripple. Traders on the platform can take advantage of a maximum leverage of 1:10, allowing them to potentially amplify their profits. The exchange provides user-friendly trading platforms, including a web platform and a mobile app, enabling traders to access the market anytime and anywhere.

To ensure a smooth trading experience, BTLUX offers multiple channels of customer support, including email, live chat, and telephone. This allows users to receive timely assistance and address any queries or issues they may encounter during their trading journey.

Overall, BTLUX is a reputable centralized virtual currency exchange that prioritizes regulatory compliance, offers a diverse range of cryptocurrencies for trading, provides flexible deposit and withdrawal options, and supports traders with educational resources and customer support.

Pros and Cons

Pros Cons
Diverse Cryptocurrency Selection Centralized Exchange
Maximum Leverage Limited Educational Resources
Limited Customer Support Channels
Exceeded Regulatory Licenses

Pros of BTLUX:

1. Diverse Cryptocurrency Selection: BTLUX offers a wide range of popular cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, and Ripple. This allows traders to diversify their portfolio and take advantage of different market opportunities.

2. Maximum Leverage: The platform offers a maximum leverage of 1:10, providing traders with the opportunity to potentially amplify their profits. This can be advantageous for experienced traders looking to maximize their trading strategies.

Cons of BTLUX:

1. Centralized Exchange: BTLUX operates as a centralized exchange, meaning that it acts as an intermediary between buyers and sellers. This is a drawback for users who prefer decentralized exchanges and value peer-to-peer transactions.

2. Limited Educational Resources: While BTLUX does offer educational resources such as video tutorials, webinars, and trading ebooks, some users find the selection limited. Traders who rely heavily on educational materials feel that there is room for expansion in this area.

3. Customer Support Channels: While BTLUX does offer multiple channels of customer support, including email, live chat, and telephone, some users prefer additional options such as social media support or a comprehensive FAQ section.

4. Exceeded Regulatory Licenses: BTLUX operates under the authority of five licenses. These licenses are granted by prominent regulatory bodies, including the Australian Transaction Reports and Analysis Centre (AUSTRAC), the Australia Securities & Investment Commission (ASIC), the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), and the Financial Crimes Enforcement Network (FinCEN). However, these five licenses are all exceeded at present.

These pros and cons provide an unbiased overview of BTLUX, allowing users to consider the strengths and weaknesses of the platform when making their trading decisions.

Regulatory Authority

BTLUX operates under the authority of five licenses. The regulatory situation of the exchange is as follows:

1. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has granted BTLUX a Digital Currency License, with the Regulation Number DCE-100704875-001. The exchange has exceeded the regulatory requirements set by AUSTRAC.

Regulatory Authority

2. The Australia Securities & Investment Commission (ASIC) has registered BTLUX under the Company Registration License. The exchange has obtained the license number 641507959 and has exceeded the regulatory standards set by ASIC.

Regulatory Authority

3. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has granted BTLUX a Common Financial Service License, with the Regulation Number M21729608. BTLUX has exceeded the regulatory requirements enforced by FINTRAC.

Regulatory Authority

4. The Financial Crimes Enforcement Network (FinCEN) has issued two MSB Licenses to BTLUX. The first license, with the Regulation Number 31000186786395, and the second license, with the Regulation Number 31000167147489. BTLUX has exceeded the regulatory criteria set by FinCEN in both cases.

Regulatory Authority
Regulatory Authority

It should be noted that the License Name for the Digital Currency License granted by AUSTRAC is JINTE NET BLOCKCHAIN PTY LTD. The License Name for the Company Registration License and the two MSB Licenses granted by ASIC and FinCEN respectively, is LINK FUTURE PTY LTD. The License Name for the Common Financial Service License granted by FINTRAC is SPARK CREED PTY LTD.

Overall, BTLUX has obtained multiple licenses from reputable regulatory agencies in various countries, demonstrating its commitment to regulatory compliance and ensuring a secure trading environment.

Security

Security

The security measures implemented by BTLUX aim to provide a secure trading environment for users. The platform employs advanced security technologies, including encryption protocols, to protect user data and transactions from unauthorized access.

BTLUX also implements strict verification procedures during the account registration process to prevent fraudulent activities. Users are required to provide valid identification documents to ensure the integrity of the user base.

It is important for users to remain vigilant and practice their own security measures, such as utilizing strong passwords and enabling two-factor authentication, to further enhance the security of their accounts on BTLUX or any other virtual currency exchange.

Cryptocurrencies Available

BTLUX offers a diverse range of cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, and Ripple. These cryptocurrencies are popular and widely recognized in the market, making them attractive options for traders.

Cryptocurrency prices can fluctuate on exchanges due to various factors, such as market demand, investor sentiment, and overall market conditions. It is important for traders to stay informed about the market trends and conduct thorough analysis before making trading decisions.

Traders should carefully review the available features and services on BTLUX to determine if they align with their trading strategies and goals. It is also advisable for traders to understand the risks associated with cryptocurrency trading and seek professional advice if needed.

How to open an Account?

How to Open an Account?

The registration process of BTLUX involves the following steps:

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

2. Provide a valid email address and create a secure password for your account.

3. Complete the account verification process by clicking on the verification link sent to your email.

4. Provide your personal information, including full name, date of birth, and residential address, as required for regulatory compliance.

5. Submit valid identification documents, such as a government-issued ID or passport, to verify your identity.

6. Once your account and documents have been reviewed and approved, you will be able to access the trading platforms and start trading on BTLUX.

Fees

Fees

As the official website of BTLUX is inaccessible, specific fee information is currently unavailable. However, it's essential to note that fee structures for financial services providers can vary widely based on factors such as account type, transaction volume, investment products, and regulatory requirements. BTLUX's fee structure, although currently inaccessible, likely reflects a balance between providing quality services to its clients and covering operational costs, regulatory compliance, and potential investment opportunities. In such cases, potential clients are encouraged to reach out directly to BTLUX's customer support or consult other available resources to gain insight into their fee schedule and associated charges.

Deposit & Withdrawal

BTLUX ensures a seamless and user-friendly experience for its clients by offering a diverse range of deposit and withdrawal options. Clients have the flexibility to choose from several convenient methods, including bank transfers, credit/debit cards, and e-wallets, to fund their accounts and facilitate transactions. Bank transfers provide a secure and traditional approach, while credit/debit cards offer swift and direct funding options. The inclusion of e-wallets underscores BTLUX's commitment to modern financial practices, allowing users to leverage digital wallets for effortless deposits and withdrawals. This comprehensive selection of options showcases BTLUX's dedication to meeting the varied preferences and needs of its clientele, making the process of managing funds on the platform efficient, accessible, and tailored to individual preferences.

Educational Resources

BTLUX is a treasure trove for traders eager to boost their expertise and refine their skills. The platform's educational resources are a game-changer, featuring a wealth of valuable tools like video tutorials, interactive webinars, and comprehensive trading ebooks. Whether you're a beginner aiming to grasp the basics or an experienced trader seeking advanced strategies, BTLUX caters to all learning levels. The video tutorials provide step-by-step guidance, while the interactive webinars offer real-time insights from industry experts. The trading ebooks dive deep into intricate concepts, empowering users with in-depth knowledge. BTLUX's commitment to education is palpable, ensuring that traders are well-equipped to navigate the dynamic world of finance with confidence and proficiency.

Customer Support

BTLUX takes pride in delivering exceptional customer support that reflects its commitment to serving its clients' needs effectively and promptly. The platform offers a responsive and knowledgeable customer support team, available through various channels such as live chat, email, and telephone. BTLUX understands the importance of addressing client inquiries, technical issues, and concerns in a timely manner, ensuring a seamless user experience. Whether users require assistance with account-related queries, technical troubleshooting, or navigating the platform's features, BTLUX's dedicated customer support professionals are readily available to provide guidance and solutions. This commitment to attentive and personalized customer support highlights BTLUX's aim to foster strong client relationships and provide a reliable foundation for its users' financial journey.

Is BTLUX a Good Exchange for You?

Based on the information available about BTLUX being a reputable virtual currency exchange with multiple licenses, the platform caters to various types of traders.

1. Experienced Traders: BTLUX is suitable for experienced traders who have a deep understanding of the cryptocurrency market and are looking for a secure and regulated trading environment. These traders is appreciate the advanced security measures and the wide range of cryptocurrencies available for trading on BTLUX.

2. Institutional Investors: BTLUX's regulatory compliance and security measures is attract institutional investors who are seeking a reliable and compliant platform for their cryptocurrency trading needs. The multiple licenses obtained by BTLUX can provide a level of assurance for these investors.

3. Beginners: While the information does not specifically mention educational resources and tools, it is common for virtual currency exchanges to provide resources to help beginners understand the trading process. BTLUX offers similar resources, making it suitable for individuals who are new to cryptocurrency trading and want to learn and start trading in a secure environment.

4. International Traders: BTLUX's regulatory licenses obtained from different countries suggest that it cater to international traders. The availability of multiple languages for customer support and potentially multilingual interfaces can make the platform accessible to traders from different regions.

It is advisable for traders from these target groups to review and assess the specific features and services offered by BTLUX to determine if they align with their trading strategies and goals. Additionally, as with any trading activity, it is important for traders to understand and evaluate the risks associated with cryptocurrency trading and seek professional advice if needed.

Conclusion

In conclusion, BTLUX offers a diverse range of popular cryptocurrencies for trading, making it an attractive option for traders. The platform caters to various types of traders, including experienced traders, institutional investors, and beginners. BTLUX's multiple licenses and regulatory compliance provide a level of assurance for traders looking for a secure and regulated trading environment. Traders interested in using BTLUX should conduct thorough research and gather information from reliable sources to make an informed decision based on their individual trading preferences and goals.

FAQs

Q: What documents are required for account verification on BTLUX?

A: To verify your account on BTLUX, you will need to submit valid identification documents such as a government-issued ID or passport.

Q: How long does the registration process on BTLUX usually take?

A: The registration process on BTLUX can vary depending on the completion of the required steps, including account verification. It is recommended to follow the instructions provided and promptly submit the necessary documents to expedite the process.

Q: How many users use BTLUX?

A: The core members of the BTLUX exchange team are from top international blockchain and internet companies, and they have rich experience in blockchain technology development and exchange operations. The platform has been online for 6 months and has developed rapidly, covering more than 500,000 users in more than 30 countries and regions around the world, and has an excellent reputation in Europe and Southeast Asia.

User Review

User 1: BTLUX is a gem! The security is top-notch, giving me peace of mind while trading. The interface is user-friendly, and they've got a bunch of cryptocurrencies to choose from. Customer support is like a lifesaver, quick and helpful. Trading fees are fair, and I love the fast deposit and withdrawal speeds. Plus, they've got all sorts of order types. Thumbs up for the exchange stability too. Could use a tad more privacy features, but overall, it's my go-to crypto exchange!

User 2: So, BTLUX, wow. Security? A+. It's regulated, so I know my investments are in good hands. The interface is sleek, simple to navigate. Their crypto lineup is solid, and the liquidity is usually on point. Shoutout to their customer support – quick response, problem-solving ninjas. The trading fees don't break the bank, and deposit/withdrawal speed? Lightning. I appreciate the various order types to suit my style. Stability-wise, rarely had any hiccups. Just hoping they enhance privacy tools. All in all, a legit exchange for crypto enthusiasts!

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.