Reason for this visit

Cryptocurrency activities are welcome in Estonia. Thanks to Estonian government's open regulation of cryptocurrencies in a positive manner, an increasing number of crypto exchanges are planning to join this market. To help investors or practitioners have a better understanding of these exchanges in Estonia, WikiBit survey team is going to the country for on-site visits to the local companies.

On-site visit

The survey team visited cryptocurrency exchange BTCBIT (licensee: BTCBIT sp.z o.o. Eesti filiaal) in Tallinn, capital of Estonia according to its regulatory address that Osmussaare tn 8, Lasnamäe linnaosa, Tallinn, Harju maakond, 13811.

The investigators arrived at Väike-Paala tn 2, Tallinn, where a common five-story office building was situated. With a bus station nearby, the place boasts convenient transportation, just over 10-minute drive from the downtown. The names and logos of companies operating business were displayed on the external wall of the building on the ground floor. But the survey personnel didnt see any information of cryptocurrency exchange BTCBIT. From the company directory at the entrance, it could be seen that there was no related information of BTCBIT. Meanwhile, according to the receptionist, they never heard of the company in the building.

Through an on-site investigation, it is confirmed that the company doesnt have a physical presence at the location.

Conclusion

The survey team went to Tallinn, Estonia to visit cryptocurrency exchange BTCBIT as planned, but didnt find the company at its regulatory address. It suggests that the company may just register at the place without a physical business office. Therefore, investors are advised to choose the exchange cautiously.

Disclaimer

The content is for informational purpose only, and shall not be taken as a final order for making a choice.