Introduction
Bitflxer holds a position as a cryptocurrency exchange that provides trading opportunities; however, reports from users and complaints suggest Bitflxer does not accomplish this. Bitflxer has received complaints on issues such as user issues being ignored, unethical practices of trade execution, and false narratives that they cannot access their funds. A significant amount of evidence has been brought to light to also suggest it may have been involved in trade manipulation.
Evidence of Market Manipulation
One of the more startling things related to Bitlxer is the volume manipulation and sudden forced exit on trades. Users provided accounts of having their positions closed for no reason, or that their trades were forced out due to the inability to execute orders. This is extremely unethical and detracts from user confidence and relies on the trust that we hope to build in a new technology, perhaps even validates claims that Bitflxer had acted in a manner not ethical.
Problems with Withdrawals
Another problem, or issue, is that numerous other users continue to claim to have withdrawn, to no avail. Reports indicate that when users have requested a withdrawal of their verified funds, it has been pending for days or weeks after the original date of the violation. Furthermore, when they try to withdraw their funds, Bitflxer can repeatedly ask for identity verification and claim not to be performing withdrawals, leaving the investors with no access to their funds.
Stability and Lack of Technical Consistency
The platform has experienced tremendous instability, which has manifested in crashes, system failures, and lengthy waits to execute transactions. There are also complaints that withdrawals take many hours, and withdrawals aren’t even possible sometimes because leveraged positions are rejected. The technical errors add to the risk when trading in such a volatile market, such as crypto.
No Support System
Bitflxer receives harsh criticisms for its lack of a support system or a support team. Investors have described unanswered emails, useless live chat that doesn’t resolve support issues, and a lack of escalation contacts. In short, if users can’t even have support, it means they are truly alone when issues arise around being able to deposit funds, withdraw funds, or complete trades.
Frequently Asked Questions
1. Is Bitflxer a regulated exchange?
There is no evidence that suggests Bitflxer is regulated by any known financial authorities. This is important because the lack of regulations is a serious deterrent to traders.
2. Are users able to withdraw money from Bitflxer?
Multiple reports of users experiencing really serious difficulties withdrawing funds from Bitflxer. Often, funds are withheld with excuses of re-verifying or a pending review, etc.
3. Is Bitflxer manipulating trades?
Multiple users have alleged manipulations on Bitflxer, including trading volume manipulations and forced trades, which ultimately result in the loss of funds for investors.
Reclaim Your Lost Funds with Cyber Scam Recovery Services
If you have been victimized by a Bitflxer scam or any other fraudulent scheme, consider seeking assistance from reputable organizations like Cyber Scam Recovery, which specializes in fund recovery. Our free consultations can guide you through the process of recovering your funds, ultimately prioritizing your financial well-being. Stay watchful and informed to safeguard your financial interests in an ever-changing financial world.
If you have fallen victim to forex scams, cryptocurrency scams, or any other fraudulent activities, reach out to us for assistance and support.
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