BTC Kingdom is a peculiar operation at first glance: it is an exchange, claiming to be the “Safest Place to Buy/Sell Cryptocurrencies”.
Update (March 30, 2019): Much negative feedback has accumulated in the comments below since the publication of this review. We now believe that BTC Kingdom is a SCAM!
Whether it is indeed THE safest such place or not, may be up for debate, but it certainly is a crypto exchange that accepts fiat deposits too, and that’s quite a potentially welcome feature indeed.
Buying cryptos is such a hassle with the banks stepping up against the industry these days, and exchanges like BTCKingdom may indeed provide a solution to this conundrum.
Above and beyond that, the operation features some interesting investment-oriented services too, and rather outstanding liquidity.
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About BTC Kingdom
The exchange looks like a solid outfit, employing some 120 people – according to their own website – all over the world.
That said, the headquarters of the operation is located at Sofia, 1574, Slatina Reg., Hristo Smirnenski R.A., bl. 9, entr. G, 3rd fl., app. 7 – make of that what you will.
The corporate entity behind the BTCKingdom brand is Home Market Ltd. According to company representatives, the operation is brand new and as such, one mat not yet find many records of its activity/existence.
The BTCKingdom support staff can be contacted by email (support@btckingdom.com), phone (+35 220 880 721), and via an email form on the contact page of its website. The support staff is knowledgeable and seems eager to engage/help. Support is available 24/6.
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What does BTCKingdom offer?
As already mentioned above, there may indeed be quite a bit of potential in the services peddled by this exchange.
In addition to accepting fiat deposits (and thus providing an entry point for those looking to pick up crypto for fiat), the exchange supports some 800 cryptos, among them popular currencies such as bitcoin, bitcoin cash, XRP, Ethereum, Litecoin, Monero, ZCash etc.
The trading services provided by the BTCKingdom platform include maximum leverage of 1:4, liquidity derived from some of the biggest crypto exchanges, such as Kraken, Poloniex and Bittrex, a trading platform featuring professional-grade analysis tools, 300% margin loan as well as unparalleled market access.
All this sounds great, but is it all legitimate? By the current looks of things, the above said features do indeed seem to exist and to function as advertised. The whole shebang is available for mobile devices too, in the shape of a couple of apps which can be downloaded for free, directly off the official BTCKingdom site, for Android and iOS respectively.
It goes without saying that trading on margin and leverage is an inherently risky activity. Both of those components of the trading equation increase risk, so make sure that as a trader, you fully understand how they work and how they impact your profit/loss odds.
Accepted Payment Methods
If you are looking to purchase more exotic cryptos (or even better-known, almost-mainstream ones such as XRP), BTCKingdom may just be the answer to your prayers. While it is currently unclear how reputable the operation is among its users, it is still very young and thus there just was not enough time for relevant feedback to accumulate.
At any rate, the exchange accepts an impressive number of payment methods. They have VISA, MasterCard and Discover all “covered”, together with Skrill, Neteller, WebMoney and Qiwi. Obviously, deposits can be made in BTC, ETH and a number of other cryptocurrencies too.
The BTCKingdom Website/Domain
Given the fact that BTCKingdom is a new operation, it makes perfect sense to run a bit of a background check on the website/domain used by the exchange.
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Created in July 2016, and updated in November 2018, the domain is registered to an entity, the identity of which is under wraps. The whois query does not yield any relevant results in this regard.
As the Whois information makes it clear, the age of the domain is not particularly impressive. Given that we are talking about a brand new operation here though, that does not carry much relevancy in this instance.
We’ve read reviews stating that BTCKingdom.com is not exactly a popular destination for the buying/selling of cryptocurrencies. The site apparently carries a global Alexa rank of 6,172,811 – which is not impressive to say the least. Once again though, this bit of information does not say anything relevant about the legitimacy of the outfit.
With the above in mind, it is hardly surprising that the domain authority rank of BTCKingdom.com is not very formidable either.
The Google review profile of the operation is very shallow, and by that we mean that hardly anyone has thus far taken the time to review it. This utter lack of reviews fits into the overall picture of the newly launched exchange though, so there’s nothing wrong with that. Furthermore: no reviews is still a LOT better than negative reviews.
What does the crypto-sphere have to say about BTCKingdom though? The short answer to that is: not much. Having searched bitcointalk far and wide, we came up empty-handed in this regard. This can be viewed as good news: when scammed, crypto victims are extremely quick to turn to a community forum such as bitcointalk, to warn members of the public there.
As said though, we failed to dig up such a red flag on BTCKingdom. The fact that no one thought it worthwhile to even mention the operation there, can again be jotted down to the tender age of the outfit.
BTCKingdom Complaints
Since first reviewing the shady nature of BTCKingdom there has been a steady stream of negative reviews and complaints.
Many online investors are going as far as calling BTCKingdom a scam.
Shared below are a few of the most relevant reviews we have found regarding BTCKingdom:
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“it’s a scam, and they have called and spammed the wrong person to many times. i just ordered a nice “little present” on darknet for 3 person related to this company.”
“Hello, we are starting a claim against BTC KINGDOM…They are a scam and many people investing, have lost their money….So we need everybody that has been affected by this company to contact us..”
“It is proven that BTC Kingdom is a big SCAM, I have emails from people who are been scammed by this organisation, some people put all their savings in this company and BTCK do not want to pay the money back. Their website is build on cloud sharing. They let people buy bitcoins for them and on their website they claim to make more money by trading and exchanging. If it was that easy to earn money, the whole world would invest in BTC Kingdom, but people please do not believe their beautiful story…”
BTCKingdom.com Review Conclusion
BTCKingdom is NOT about cloud mining, and it does not make any too-good-to-be-true promises, successfully ticking off these two items on our review check-list.
Indeed, what the operation promises to deliver is perfectly plausible, feasible and believable. That said, it has to be pointed out that – at least for the time being – the operation is not regulated and licensed to provide investment-related services in any shape or form.
While user feedback is quite non-existent at this stage, it looks like the exchange is indeed paying “all those who have to be paid”. Some of their users even told us about their positive results with the exchange.
Verdict: BTCKingdom is a SCAM!
Blacklisted Site: BTCKingdom.com
Do you have an experience to share? We invite you to share your insight and feedback below!
BTC KINGDOM all i can say is
CON CON CON CON DO NOT INVEST A PENNY
They never give you back any money even the money you invested they show for months win and loses and the market but your money always goes up then when you call them a scam you lose the entire amount overnight on one trade
BLA BLA i dont thing so they just wanted £4000 more out of me but i smelt a rat and said no
PLease do not give them any money.
Hello guys, BTC kingdom is steeling people money now under a new name: UM Capital, be careful if they called you and tried to fool you.
BTC Kingdom is a SCAM: check this link fsma.be/en/warnings/cryptocurrency-fraud-fsma-updates-its-list-suspicious-sites-0
A gift from me to BTC Kingdom.
BTC Kingdom is a unregulated CFD broker focused on the crypto market about which there is a recent warning, issued by the Belgium Financial Services and Markets Authority (FSMA) for targeting customers without authorization and possible scam activities. So if you are thinking about trading with them be sure to read this review first.
BTC Kingdom has unusual fees and commissions, some of which are not even specified. You can see for your self:For example if you want to withdraw before you have reached a certain minimum trade volume requirement BTC Kingdom will take at least 4,5% of the requested amount. In the example in their Terms and Conditions we see that with a deposit of 10 000 USD, if you wish to withdraw without a penalty charge, you will have to trade at least 100 lots or 10 million USD and that is highly unusual.On the screenshot below you can see that BTC Kingdom offers something they call PAMM Accounts, which are basically managed accounts.The problem with all managed accounts is that if the broker is a market maker, and manages your account, your designated “account manager” will have the incentive to mismanage your money and “lose them” to the broker. Bear in mind that a market maker profits, when traders lose their money and vise versa. That is why no legit broker will ever offer you a managed account. BTC Kingdom obviously does not offer its clients a negative balance protection, which means a trader can lose more money than he or she had deposited. That is unusual, as the negative balance protection clause is standard with all EU regulated brokers, as well as with all legit brokers operating in the US, Canada, Australia or Japan. BTC Kingdom is a low credibility unregulated website, which currently is in the focus of an ongoing investigation by the FSMA in Belgium. So here we will repeat our general advise to deal only with brokers certified by respectable institutions such as the FCA in the UK, ASIC in Australia and CySEC in Cyprus.
Hello guys, what a nice comment written on me below, did you saw it: Professional SCAMMER. By the way guys, BTC kingdom is a mafia, look to your bank account when you transferred money to your btc account, it goes to MSK BTC-RU, it goes to Russia. This is why you never get back your money. Thank you Martin for the nice comment, you made my day
There are always 2 sides to a coin\story. 1 thing i hate the most is how these social justice warriors think they are gods or something and that they are allowed to do whatever they want without thinking of the consequences of their actions.
DOES anyone here actually have proof of scam\malicious activities by the broker? Just as easily you can accuse BTC Kingdom for being behind the positive posts and comments, they can easily accuse you, or one person or small group of people behind this WHOLE negative conversation here. Be real, when you point a finger, 3 are pointed back at you. Have you thought about what you might have done wrong before firing your complaints? I have read through ALL the comments, and there is not a single complaint here that holds water. Crypto is risky business, and if you think otherwise you are an idiot.
Dear Bystander BTC colleague, when you invest your money with BTC kingdom and it’s managed by a Financial manager,he should be worried about your money more than you to make interests for him before you, here we can call him professional organisation. But you won’t be as idiot when your Financial Scammer manager insult you on the phone and shout on you and there is no customer services or a team leader to complain to him or at least he called you to apologise. You won’t be as idiot when you see very clear that the scammer is playing with words when he pretend you that you lost your money and BTC Kingdom would never investigate what happen, why? because all the money was transferred abroad and they can’t bring take it back. What type of organisation that reject or delay all time the request of withdrawing money under the reason ” we are trading with”. if i want to withdraw money, that means i don’t want to trade with this money. Stop fooling people with your fake comments. People’s money was stolen and NOT lost in a trade.
All those people who wrote negative comments are honest people they come to complain and aware people of Scammer.
Its 💯 percent true that BTC Kingdom is a big scammer. They scammed my £21000 and now not responding to my texts or emails. When I asked them to close my account, I had £21,200 in my account and in three days my account was showing loss of -£5000 and declared that I lost all my invested money. I am in process of taking legal action against them. So please don’t be fool like me who trusted them and invested my hard earned money.😢
Btc Kingdom is a 100% SCAM. DO NOT GIVE THEM A PENNY.
DON’T EVEN TALK TO THEM. THEY ARE PROFESSIONAL THIEVES. THEY WILL CONVINCE YOU TO INVEST WITH THEM.
YOU WILL NEVER SEE YOUR MONEY AGAIN. THEY ARE SHAMELESS. BEWARE BEWARE BEVARE. NEVER EVER WILL THEY KEEP THEIR PROMISES.
Hello I see many comments on Mr. Michael Grey, and I wanted to share my experience :
since 2017 I have been working with BTCKingdom and after only one month i was introduced to Michael Grey.
he has made with me correct work and even got me a financial plan for 12 months time.
Michael has informed me every time when the market was risky to trade and on the other hand he has informed me when good events were coming around.
I am totally aware about some difficulties with withdrawing wished amounts and usually when i asked for some money I was first delayed and then talked to withdraw less then what i have asked for.
for many years that i have been trading, both on and offline trading.
Michael was very honest with me and whenever i needed anything he was there for me, trading, teaching and supporting.
never was a time that I was UNABLE to withdraw my money, and with my experience I also know that sometime I was better to withdraw less in order to keep the risk management due to Michael’s advise.
my comment on it is that Michael Grey is a professional trader, all the things and negativity stated in the comments here are absolutely mature and it looks that most of the traders here have no idea in trading or experience.
You all are welcome to ask for my experience with BTCKingdom.
I agree with you Martin, he never play on words like his colleagues Benjamin, Steven,Ross or Aileen. He does more than that, he insult his clients to protect his colleagues. “What a professional Scammer manager”. He steel your money and shout on you that you lost it in a trade. The strategy of BTC kingdom is well known: they pretend that you lost your money in a trade, they pretend to find you a solution to refund the lost, you are blocked for ever because you’ll never be allowed to withdraw back, While the money is somewhere on another account and they are making interests from your stolen money.
Hello, BTC kingdom is a SCAM, she is following this article and try to identify each person who writes a comment here. I totally agree with Jack that the comment “Antifraude” where they give email to complain about SCAM. I’ve been following this article since few weeks and tried to withdraw money, but my requests were refused or delayed. People Don’t be fooled by the positive comments, they are all fake.
Hi Thurr, thanks for the comment, I agree, their game is so dirty but they didn’t play it smart, their e-mail communications and comments are mostly written by the same person. Anti Fraud has indeed been set up to identify their victims. Finally the masks felt off, for example Michael Grey, the “account manager” whom I had a few times on the linen just confessed that it is a scam because they got caught caused by their own foolishness of communications, I think their game is over and if not, it will not take long.
Guys look at the guy who replied to the comment of Jack, his name dolk, and look to the comments written by dirk, same way of talk, same accent, BTC kingdom is a russian mafia, take a look at your money transferred, it went to MSK BTC-RU, and remember they charged you a lot for the transfer under the reason it’s from bank to another or in europe people don’t pay for transfer between european countries.BTC kingdom steel people money.
You got to be joking,
I am not saying that BTCKingdom are saints, and if you people had experience in trading you would have know that your broker makes money by working with you.
did you talked to this guy Dolk? how can you say he has the “same accent”? this is very racist statement don’t you think?
you sir are working for a competitor (not very professional one) and it looks like you are just accusing BTCKingdom on random things.
sorry people but you have to scale the comment that was written here, think of how it sounds?
do you really think that so many comments will not make the Interpol to close this company?
if you think that these comments are honest go and look online on every big bank in the world where we all keep our money “SAFE” and see the reviews on the bank.
what you do now? you lost all you money?
BTC Kingdom is a real scam: when users will withdrawing –it is delayed for ever, or cancecled and they lost their funds. And then the “support” didn’t respond to help or investigate any further.
Hello, my name is Michael Gray, i work for BTC Kingdom, my fake work is helping people make some money but my real work is SCAMMMERRR.
Usually i called people and talk to them many time till they get forced to invest with us. At the beginning i’m nice for sure to make you “invest with us” but later when i get ride of you i insult you. i have lots of stories how i’ve scammed people. Stay tuned…:-)
fake news! proof that you are with them, everyone can continue like this.
It’s not fake news at all dear colleague Dirk. you work with me but you can’t show your real name, think logically. All people for whom i’m assigned to be their financial manager knows me very well. By the way dear readers, BTC Kingdom is watching this article closely because all those people who wrote a nice comment here are BTC colleagues, and all negative comments are people who get SCAMMED by BTC kingdom.
what do you do best? collect everything?
Wake up Dirk: an idea about negative reports from users when withdrawing – the pending is delayed for ever, or canceled and they lost their funds. And then the “support” didn’t respond to help or investigate any further. What do you call that? Angry Birds or Candy Crush? BTC Kingdom is a SCAAAMMMMMMMM