Change BTC Review – ChangeBTC.bid is SCAM?

Change BTC (changebtc.bid) is a cryptocurrency exchange which is operational for around 11 months as of writing this review.  Their platform is simple but they do not feature all the necessary data which would instill the confidence among the users.  

They do not showcase any of the registration certificate details or their incorporation certificates.  This firm showcase their licence number but we were not able to track them down.

Since this service is relatively new, it still has some mystery surrounding them.  To know whether you should use their service or not, continue reading our full review.

Company and Contact details

Generally every investor and trader prefers to work with regulated and licensed firms as it is a safe venture.  In the past there has been many terrible cases wherein people have been robbed under the name of investments by unregulated entities.  

Though the regulatory authorities are doing their best in terms of spreading the awareness regarding this issue, scams are not entirely terminated from the world.  This company claims to be a licensed exchange. You can reach them via email and telephone.

Email – support@changebtc.bid

Telephone – +49 89 5623099

How does Change BTC Work?

The way this exchange work is simple and straightforward.  The user have to hold the wallets of both the currencies i.e. the base currency and the exchange currency.  Once you enter the wallet address ensure that you have the sufficient balance and then click enter.

Exchange procedure take anywhere between 3 to 5 minutes.  There might be a small fee charged but we are not sure of the percentage rate of it.  

Since there is no FAQ section on their platform, if you face any problem then you have to talk with their support team.  Note that there are only two options, you can either change the Bitcoins into Bitcoin Cash or Ethereum.

Domain Whereabouts

According to whois.com this domain was registered on 10/12/2017 and it expires on 10/12/2018.  Registrant details are untraceable for some reason. This website has a global rank of 2,617,807 and it ranks 71,682 in Iran.  

There isn’t enough data to track their traffic sources or the number of unique visitors they are getting on a monthly basis.  However, over 45% of their traffic is coming from Iran.

Can I Trust Change BTC?

It is better to avoid this exchange at the present.  The main reason because of why we are recommending you to stay away from it is because of the lack of clarity.  

Moreover there aren’t many user testimonials about this service online.  Considering the potential risk present in these days and the number of raising fake platforms we strongly suggest you to pass upon any activity which involves unregulated parties.

Change BTC Review Conclusion

There aren’t any active threats or any serious concerns with Change BTC till now.  They appear to be a reasonable service.

If you are considering to use this exchange then try it once with a small deposit.  If it goes through without any problem then go ahead with the entire amount. It would have been great if there were some more details about their incorporation.  However they can update that any time they want to.

Have you used Change BTC?  Do you find it trustworthy?  Let us know by leaving a comment below.