BTCUSDT withdrawal issues

By Walter, from United States, February 15, 2021 at 07:35 PM

Unable to make withdrawal

Answer: Hi Walter,

BTCUSDT claims to be a Forex and cryptocurrency broker and according to its website BTCUSDT has applied for the relevant compliance licenses and permits to be operable in many countries, including the United States, Canada, Laos, Australia, etc., to provide their clients with a safe, legally-compliant, and reliable investment environment. Meanwhile, none of the mentioned licenses have been received by the broker.

Also, the broker claims to be authorized by the United States Global Futures Association (NFA) and registered with the organisation, NFA regulatory number: 0534689. However, the regulatory status is abnormal and the official regulatory status is unauthorized. This broker exceeds the business scope regulated by United States NFA National Futures Association-UNFX Non-Forex License.

Considering all these facts and unregulated nature of the broker, unfortunately, it will be difficult to withdraw your funds, next to impossible, since the company is not overseen by any authority and not obliged to return you your investments. We recommend to avoid investing any more with BTCUSDT and report about your issue to your local regulator.

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