AimBitcoin Review: A Secure and Reliable Exchange or a Scam?

AimBitcoin touts itself as a secure and reliable method to purchase cryptocurrency. However, it’s crucial to consider the multitude of scams that often lurk behind such lofty promises. Have you ever wondered how many fraudulent schemes hide behind these grand assurances? Let’s delve into an honest review of this project. We assure you’ll discover a wealth of insights in our analysis.

AimBitcoin General Information

Registration and Client Portal Review

The official AimBitcoin website indeed appears as a typical cryptocurrency project. However, information on it is relatively sparse, juxtaposed with numerous calls to swiftly open accounts and start trading. Additionally, it’s noteworthy that the site is crafted in multiple languages, suggesting aspirations for international recognition. The inclusion of links to social media on the homepage further enhances the impression of a genuine exchange.

Creating an account on the AimBitcoin platform is straightforward, similar to any other exchange — simply enter your email address and come up with a password. Notably, phone number registration is not supported on this platform. Furthermore, the exchange does not verify your contact information, meaning no confirmation codes will be sent to your email. This lack of verification poses a potential security risk, as it leaves the account more susceptible to unauthorized access or misuse. It’s generally advisable for platforms to implement additional layers of security, such as at least email verification, to enhance user protection.

Upon successful registration, you will gain access to the Client Portal. The portal is fairly standard, with additional menu options becoming available. Specifically, users can modify account settings, undergo verification, connect to APIs, and that essentially encompasses the available functions. This limited set of features raises concerns, especially for an exchange aspiring to be recognized as a global platform. Competitors offer significantly more functionality within their user portals, not to mention superior design and user convenience. AimBitcoin may need to enhance its platform to stay competitive in the market.

AimBitcoin Trading Conditions

Let’s dive into the trading conditions of this exchange. Is it as convenient for trading as it claims to be? Let’s explore.

Account Types Review

The owners of the AimBitcoin project propose taking investment to a new level. On the platform, users can exchange dollars or other currencies for digital assets and make profitable investments. In the future, the exchange’s founders plan to introduce staking.

To begin, investors need to choose an asset — either Tether (USDT) or Bitcoin‌ — ‌and specify a duration ranging from 20 to 360 days. The interest rate, fluctuating between 1% and 30% annually, depends on this selection. The interest rate remains fixed until the tariff plan expires. The minimum deposit amount varies for each cryptocurrency. For USDT, it ranges from $50 to $600,000. Investor funds will be used to ensure the exchange’s liquidity.

AimBitcoin also offers traders the opportunity to independently trade with a leverage ratio of 1:20. The standard trading commission is 0.1% of the deposit amount. AimBitcoin imposes a daily fee of 0.098% for using borrowed funds. For specific order types, the commission may exceed the base rate. More detailed conditions can be found on the official website.

Trading Platform

Taking a closer look at AimBitcoin’s trading terminal, it falls short of being a competitive software product. While it tries to mimic the TradingView platform used by many industry leaders, it lacks the high-tier functionality.

Traders have identified significant drawbacks:

• The absence of a mode with multiple price charts makes intra-platform arbitrage challenging and complicates portfolio management.
• AimBitcoin offers a minimal set of technical analysis indicators. Custom module development or external attachment capabilities are not available.

AimBitcoin — Deposit and Withdrawal of Funds

Moving on to funding options, the project allows users to replenish their accounts using various methods, including cryptocurrencies. Notably, the platform proudly displays logos of Visa and Mastercard in the footer, suggesting the possibility of purchasing cryptocurrencies with fiat. However, it’s crucial to be aware that all fees are blockchain-dependent when withdrawing funds in crypto.

Verification

AimBitcoin, like all CEX platforms, requires users to undergo a verification process. This step is particularly essential for those looking to lift all the limits on their accounts. Fill in your personal details, including your full name, date of birth, and residential address. Ensure that the information matches your official documents.

AimBitcoin typically requires users to submit clear and legible copies of official identification documents. This may include a government-issued ID card, passport, or driver’s license.

Additional Options

AimBitcoin introduces a distinctive feature in its arsenal — DEX, or Decentralized Exchange. If you find it somewhat intriguing that a CEX (Centralized Exchange) is venturing into DEX territory, welcome to the club of curious minds. However, reality is a bit different. The project is not offering direct DEX services for users to trade independently. Instead, it presents an investment opportunity.

In this context, users can contribute liquidity to DEX platforms, earning a percentage in return. The details of which DEX will receive these funds and the process involved are not explicitly specified. AimBitcoin positions this as a way for users to participate in supporting liquidity without engaging in direct DEX trading.

Is AimBitcoin a Scam?

In reality, AimBitcoin is nothing but a blatant scam, and we’re here to walk you through the details.

Legal Information and License

The project owners boast about being registered in four different jurisdictions. However, upon inspecting just one, it becomes apparent that they are undoubtedly fraudulent. In their documents, they claim to be governed by the Lithuanian company UAB Clear White Technologies. This company does deal with cryptocurrencies, but its focus is on assisting individuals in launching their own digital currencies, having no connection to trading activities. Other legal details provided are also fabricated. AimBitcoin lacks any official registration or license, making it a completely fictitious project.

Aimbitcoin.com Domain Info

Another glaring red flag is the project’s duration. Despite the domain being old and registered in 2016, the website was only developed in late 2023, as is evident from web archives. Additionally, upon closer inspection of the purported positive online reviews, it becomes apparent that all of them were posted in November 2023. This date can be considered the project’s start date.

Contacts Review

When it comes to the AimBitcoin contact information, much like the majority of exchanges, it provides only an email address. As we’ve previously discovered, the office addresses offered are fake. However, there is a live chat support widget.

Pros and Cons

2.9 TOTAL SCORE

AimBitcoin Summary

AimBitcoin does not offer a cryptocurrency resort for investors. In essence, this project is nothing more than a primitive scam. It's strongly advised not to hastily invest your money here, as the risk of rapid loss is substantial.

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Website information content 3

Client Portal 3

Trading conditions 4

Trading platform 3

Deposit and withdrawal 4

Verification 4

Extra options 4

Licenses and guarantees 1

Work duration 1

Feedback 2

Frequently Asked Questions (FAQ)