Cryptocurrency has never been so simple. Bintense is trying to convince you of this. As you have already understood, this is a cryptocurrency exchange. You haven’t heard about such a project yet? We also found out about it quite recently. Let’s check what this exchange is, whether it is a scam, and what traders write in reviews about this platform. Read the results in a small review.
- Bintense General Information
- Registration and Client Portal Review
- Bintense Trading Conditions
- Account Types Review
- Trading Platform
- Bintense — Deposit and Withdrawal of Funds
- Is Bintense a Scam?
- Legal Information and License
- Bintense.io Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Bintense General Information
|Address||Naugarduko ST. 3-401, Vilnius, Lithuania|
Registration and Client Portal Review
The official website is rather disappointing. If you have visited the sites of popular crypto exchanges, you will immediately see the difference. There is a minimal amount of information on this platform. And the site is made in a rather minimalist style. There is practically no description of any conditions here. And of course, as always, there are questions for designers. We wonder what they were guided by when choosing such a background picture.
Registration on the site seems pretty simple. You will need to fill in only contact details, namely phone number, email, and password. However, Bintense obviously has a great attitude to account security. The exchange immediately requires email verification. And after you click on the confirmation link, you will also need to confirm the phone number. A code will be sent to you. And only after full contact verification, you’ll get access to the Client Portal.
Bintense Trading Conditions
There is quite a lot of competition among cryptocurrency exchanges. Let’s check out what Bintense can offer traders exclusively.
Account Types Review
There are quite a lot of cryptocurrencies on the platform. Among them, there are both popular and practically unknown. However, Bintense offers access only to the spot market. No derivative contracts, futures, or options are traded on the exchange. Besides, there is no margin trading. In general, no additional services are provided for traders.
The exchange also offers to cooperate with corporate clients. To do this, they need to undergo extended verification.
That’s all. By the way, there is not a single mention of launchpads on the exchange’s website. It’s very strange. Not even a word has been written about future projects. Is Bintense not going to list any new tokens in the future?
Unfortunately, the company does not disclose any data about the trading platform either. It can be seen only after full registration. Obviously, this is not a downloadable app. There are no links to the PlayMarket or App Store. We are already quite tired of the secrecy of this project.
Bintense — Deposit and Withdrawal of Funds
There are few payment methods on the platform. The company offers to fund your account with a credit card. The Terms and Conditions document does not even contain mention of the possibility of depositing with cryptocurrency. However, we still hope that there is such a possibility because Bintense is still a cryptocurrency exchange. It would be strange if customers could not transfer real cryptocurrency here.
As for the withdrawal of money, there is practically no information about it. Except, perhaps you have to pass verification.
The verification process at first glance is pretty standard. As usual, you will need to confirm your identity and residential address. Besides, the company can check whether the credit card belongs to you. You may also be asked to make a video call to finally verify your identity.
Is Bintense a Scam?
Such opaque projects do not inspire us with confidence. Exchanges are usually more open to new users. We’ll take a closer look at Bintense to make sure it’s not a scam.
Legal Information and License
According to legal data, the management company of Bintense is UAB Green Cliff, INC. This company is registered in Lithuania and is authorized as a cryptocurrency exchanger. At least, it tries to convince customers of this.
We have verified this information. Really, there is such a company in the Lithuanian registry. Thus, Bintense can be called a centralized exchange.
Bintense.io Domain Info
However, the question of why this exchange is so unpopular has remained open. The lifespan of the project can easily explain it. The company was registered 7 months ago. The official website appeared even earlier. Apparently, for a certain time, the exchange provided services without a license and registration.
According to the Who.is service, the domain was purchased in February 2022. By the way, the company claims that it has five years of experience. Reality shows completely different data. The project has been running for only a year. And so far it remains unknown to most traders.
Contact details are provided on the website in full. Clients can use an email or phone number to contact support. Unfortunately, there is no live chat. However, there is not much on the site at all. Perhaps it will be finished someday.
Another disturbing fact is that CoinMarketCap does not monitor Bintense. It is very difficult in this case to understand how reliable and transparent this exchange is. It is completely unclear what is going on here with trading volumes. As a result, the decision on cooperation becomes quite complicated.
Pros and Cons
- Legal registration.
- A short period of work.
- Low popularity.
- Opaque trading conditions.
- Dubious trading platform.
- No additional services.
Frequently Asked Questions (FAQ)
It offers a classic cryptocurrency exchange, nothing more.
It is completely unclear whether Bintense has conditions for a minimum deposit. However, exchanges usually do not set limits. And the account can be deposited even for $10. In any case, it is better to clarify this issue with support.
It does not look safe for many reasons, even despite the legal registration. Low liquidity due to low popularity can create big problems in trading. The legal aspect is also not all clear.