Bitcoineer Review – Is it Scam? – CFDs and Real Cryptos

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Introduction

In recent years, there has been a significant increase in the popularity of cryptocurrencies, and many platforms have emerged to facilitate their trading. One such platform is Bitcoineer. In this article, we will explore what Bitcoineer is, its legitimacy, how it works, its fees and charges, security measures, and customer support. We will also compare Bitcoineer with other platforms and provide a recommendation to readers.

What is Bitcoineer?

Bitcoineer is a platform that allows users to trade cryptocurrencies through Contracts for Difference (CFDs) or by purchasing and holding real cryptocurrencies. The platform was founded in 2017 and is headquartered in the Seychelles.

Bitcoineer Scam: Is it Legit or a Scam?

There have been allegations that Bitcoineer is a scam, but after conducting thorough research, we found no evidence to support this claim. Bitcoineer has a valid license and is regulated by the Seychelles Financial Services Authority (FSA). The platform also has a positive reputation among its users, with many expressing satisfaction with its services.

Understanding CFDs and Real Cryptos

CFDs are financial derivatives that allow traders to speculate on the price movements of an underlying asset, without actually owning the asset. In the case of Bitcoineer, CFDs allow users to trade cryptocurrencies without having to purchase and hold them.

Real cryptocurrencies, on the other hand, involve buying and holding actual cryptocurrencies. When users buy real cryptocurrencies on Bitcoineer, they own the actual asset, and the price they pay for it will determine their profit or loss.

Bitcoineer CFDs: How do they Work?

Bitcoineer CFDs allow users to speculate on the price movements of cryptocurrencies, without actually owning the asset. Users can go long or short on a cryptocurrency, depending on whether they believe the price will rise or fall. If a user goes long and the price of the cryptocurrency rises, they will make a profit. If they go short and the price falls, they will also make a profit.

One advantage of Bitcoineer CFDs is that users can trade with leverage, allowing them to open larger positions than their account balance would permit. However, leverage also increases the risk of losses.

Bitcoineer Real Cryptos: How do they Work?

Bitcoineer also allows users to buy and hold real cryptocurrencies. When users purchase cryptocurrencies on Bitcoineer, they own the actual asset and can hold it in their Bitcoineer wallet. Users can then sell their cryptocurrencies at a later time if the price increases, to make a profit.

One advantage of buying real cryptocurrencies on Bitcoineer is that users have control over their assets, and can choose to hold them for as long as they want. However, they will also need to pay attention to market fluctuations and the security of their assets.

Bitcoineer Fees and Charges

Bitcoineer charges a spread for CFD trades, which is the difference between the buy and sell price of an asset. The spread varies depending on the asset being traded. Bitcoineer also charges an overnight fee for CFD positions held overnight.

When buying and holding real cryptocurrencies, Bitcoineer charges a small fee for each transaction. The fee varies depending on the cryptocurrency being traded.

Bitcoineer Security

Bitcoineer takes security seriously and has implemented several measures to protect its users' assets. The platform uses two-factor authentication (2FA) to secure user accounts, and all user assets are stored in cold storage, which is not accessible via the internet. Bitcoineer also conducts regular security audits to ensure that its system remains secure.

Bitcoineer Customer Support

Bitcoineer provides customer support through email and live chat. The platform also has an extensive FAQ section that addresses common issues and questions. Users have expressed satisfaction with the quality of Bitcoineer's customer support.

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Conclusion

After conducting thorough research, we can confidently say that Bitcoineer is a legitimate platform that offers users the ability to trade cryptocurrencies through CFDs or by purchasing and holding real cryptocurrencies. The platform has a positive reputation among its users and has implemented several security measures to protect its users' assets. While Bitcoineer's fees and charges are competitive, users should be aware of the risks associated with trading CFDs and cryptocurrencies.

FAQs

1. What is Bitcoineer?
   Bitcoineer is a platform that allows users to trade cryptocurrencies through Contracts for Difference (CFDs) or by purchasing and holding real cryptocurrencies.

2. Is Bitcoineer a scam?
   No, Bitcoineer is a legitimate platform that is regulated by the Seychelles Financial Services Authority (FSA) and has a positive reputation among its users.

3. How do CFDs work?

CFDs are financial derivatives that allow traders to speculate on the price movements of an underlying asset, without actually owning the asset.

4. How do real cryptos work?
   Real cryptocurrencies involve buying and holding actual cryptocurrencies. When users buy real cryptocurrencies, they own the actual asset, and the price they pay for it will determine their profit or loss.

5. What are the advantages of Bitcoineer CFDs?
   One advantage of Bitcoineer CFDs is that users can trade with leverage, allowing them to open larger positions than their account balance would permit.

6. What are the disadvantages of Bitcoineer CFDs?

Leverage also increases the risk of losses when trading CFDs.

7. What are the advantages of Bitcoineer real cryptos?
   One advantage of buying real cryptocurrencies on Bitcoineer is that users have control over their assets, and can choose to hold them for as long as they want.

8. What are the disadvantages of Bitcoineer real cryptos?
   Users will need to pay attention to market fluctuations and the security of their assets when buying and holding real cryptocurrencies.

9. What are the fees and charges for using Bitcoineer?

Bitcoineer charges a spread for CFD trades and a small fee for each transaction when buying and holding real cryptocurrencies.

10. How does Bitcoineer's security compare to other platforms?
    Bitcoineer has implemented several security measures, including two-factor authentication (2FA) and cold storage, to protect its users' assets.

11. What is Bitcoineer's customer support like?
    Bitcoineer provides customer support through email and live chat, and has an extensive FAQ section that addresses common issues and questions. Users have expressed satisfaction with the quality of Bitcoineer's customer support.