Tipitek offers buying, selling, and storing cryptocurrencies. The company also promises that your portfolio will be entirely safe here. Well, let’s verify if that’s indeed the case, as you’re aware, the cryptocurrency industry is rife with scams. We’ll investigate this exchange thoroughly in our review.
- Tipitek General Information
- Registration and Client Portal Review
- Tipitek Trading Conditions
- Account Types Review
- Trading Platform
- Tipitek — Deposit and Withdrawal of Funds
- Verification
- Additional Options
- Is Tipitek a Scam?
- Legal Information and License
- Tipitek.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
Tipitek General Information
| Website | https://tipitek.com/ |
| Phone Number |
|
| support@tipitek.com | |
| Address | 194 Bishan Street 13, #03-537, 570194, Singapore |
| License | – |
| Minimum Deposit | $500 |
| Assets | Crypto |
| Leverage | Up to 1:20 |
| Trading Platform | WebTrader |
Registration and Client Portal Review
Tipitek’s website, in general, leaves a rather standard impression. The site features a typical light blue background, some statistics, and, of course, real-time quotes. The menu is commendable, covering a wide range of aspects, including the company’s history and trading conditions. So, overall, minimalism and simplicity are not bad. Interestingly, the website is only available in English, which is somewhat unusual. If this is a global exchange, it should ideally support multiple languages. However, it does provide comprehensive contact information.
Registration at Tipitek differs slightly from the typical crypto exchange. We’re used to the usual process of providing an email and creating a password, followed by a confirmation code sent to your email. However, it seems they haven’t heard of such procedures. Instead, you only need to complete a standard form with your personal information and contact details, and you’ll be granted access to the client portal, complete with an integrated trading terminal. Security measures seem to be quite unconventional here.
In the client portal, you’ll find a language switcher, albeit with just one option – switching to Russian. Tipitek is becoming increasingly mysterious. Let’s delve into why combining a trading terminal with a client portal might not be the best approach. While it might sound like a comprehensive solution, in reality, it can create a cluttered user interface and complexity in navigation, which is often counterproductive for traders looking for simplicity and ease of use. As for the client portal itself, it does provide the essential functions one would expect, but not much beyond that.
Tipitek Trading Conditions
Upon a closer look at the official website, it becomes evident that Tipitek is not your typical exchange. The same unconventional approach extends to its trading conditions, which we’ll explore in detail.
Account Types Review
First of all, despite its exchange-like appearance, Tipitek employs a division into trading accounts akin to a standard CFD broker. Interestingly, within the client portal, besides cryptocurrencies, you’ll also find stocks and commodities among the available instruments. Can you imagine a platform where these instruments coexist without being CFDs? That’s a rarity, indeed. However, let’s move on.
The minimum deposit requirement at Tipitek is rather high at $500, while many other exchanges have much lower or even no deposit requirements at all.
Our review’s protagonist takes it a step further. In each of the six account types, they not only increase the minimum deposit but also offer higher leverage. Moreover, the higher your account status, the more additional services you will receive. These services include analytical assistance, risk-free trades, and other claims that sound too good to be true. Remember this: in the real market, there are no risk-free trades. Platforms that promise them are often manipulating your trades, much like a boiler room operation. So, think twice before considering cooperation with such projects.
And by the way, for the most prestigious Extra Tipitek account, they ask for a whopping one million dollars as the minimum deposit. Even compared to Binance, these demands seem excessive, don’t you think?
Trading Platform
The trading platform offered by Tipitek is just a standard web terminal from TradingView. While it gets the job done, there’s nothing particularly noteworthy about it. The design is quite basic, and it lacks the advanced features and tools you’d expect from a modern trading platform. It’s suitable for executing trades and viewing basic charts, but don’t expect anything too sophisticated or innovative. Overall, it’s a functional but unexceptional choice for traders.
Tipitek — Deposit and Withdrawal of Funds
You can fund your account with cryptocurrencies, which is not surprising. However, the available methods are rather limited. You can deposit using only the most popular coins like BTC, ETH, TRX, and a few others. Withdrawals can be made using the same methods. Overall, the options for funding and withdrawing funds appear quite limited and lack diversity.
Verification
Tipitek does verify its users, and for this process, you are required to upload several documents in the client portal. However, it’s unclear why they provide space for an ID or passport but do not have a designated section for address verification. This lack of address verification is a shortcoming because it’s a standard practice in the industry to verify both identity and address for security and regulatory compliance.
Additional Options
Tipitek offers various additional services, including interest accrual on deposits in higher-tier accounts. They also provide analytical tools and trading signals, among other features. Additionally, Tipitek has a three-tiered affiliate program on their platform. You can earn a 7% commission for referrals in the first level, 5% for second-level referrals, and 3% for third-level referrals based on their deposits. The affiliate program is generous, but it’s important to ensure that the interest payments on deposits are not subsidized by these commissions, as this practice can sometimes be disadvantageous to clients.
Is Tipitek a Scam?
Well, Tipitek is quite an enigmatic exchange. Our initial impressions are quite mixed, and we’ll continue our investigation.
Legal Information and License
To begin with, the fact that Tipitek requires a passport photo suggests that it’s a centralized exchange. According to their legend, they are managed by a company called CRYPTOVES LLP, which claims to be a Singaporean company. Let’s check the ACRA registry to get a clearer picture.
In the registry of legal entities in Singapore, there is indeed a mention of such a company. It was incorporated in 2017 and initially listed as a collective investment scheme. However, here’s an interesting detail: in 2021, it was struck off from the registry, implying that this legal entity no longer exists. Quite an intriguing revelation, isn’t it?
Meanwhile, the user agreement is a complete mess. For instance, customers are required to be at least 18 years old; otherwise, according to the laws of Estonia, they will be denied services. What does Estonia have to do with it, you might ask? And what does the United Kingdom have to do with it, we might inquire? In fact, further in the agreement, it is stated that all services to customers are provided in accordance with the laws of the United Kingdom. In short, it seems like they shamelessly copied the user agreement from somewhere and didn’t even bother to read what was written there.
Tipitek.com Domain Info
Well, Tipitek claims to have started its operations back in 2017. However, there’s a significant issue here. The domain was created in 2020 and updated in 2023. If you try to search for reviews about this exchange, you won’t find anything until recently. This leads to two conclusions. Tipitek cryptocurrency exchange has nothing to do with the legal entity mentioned earlier, and it started its operations quite recently.
Contacts Review
Surprisingly, the exchange provides us with multiple phone numbers, three to be exact, and there are also many email addresses for contact. In terms of contacts, everything seems fine.
Pros and Cons
- Multiple contact options available for support.
- Lack of transparency regarding company background.
- Inadequate regulatory information.
- High minimum deposit requirement ($500), which is unusual for an exchange.
- Suspiciously recent domain creation and updates.
- Limited user feedback and reviews available, potentially indicating a lack of history or reputation.
Tipitek is far from what it appears to be. It's undoubtedly a new project with no history, providing fake information. It's not officially registered and started its operations quite recently. Moreover, the trading conditions here leave much to be desired. So, no, we wouldn't open an account here.
Frequently Asked Questions (FAQ)
It offers trading services for cryptocurrencies, stocks, and commodities. The platform provides access to various financial instruments for trading and claims to offer additional services, including interest on deposits and a multi-level affiliate program.
It has a relatively high minimum deposit requirement of $500. This minimum deposit is considerably above the industry standard for cryptocurrency exchanges.
No, it raises significant safety concerns. The lack of transparency in disclosing its company’s background, regulatory details, and recent domain creation and updates cast doubt on its credibility. The absence of substantial user feedback or reviews adds to the skepticism surrounding its legitimacy.
Tipitek may have a long way to go before becoming a trustworthy option for traders.
Hmm, this is the first time I’ve seen such an exchange. Let’s say it’s been really working since 2017. But why then is there so little information about her on the Internet? It feels like this is a ghost exchange. In fact, nothing is written about it anywhere. And where are there any mentions of it on well-known platforms? For example, CoinMarketCap? None of this. It simply didn’t exist and suddenly, oops! It appeared out of nowhere. No, I probably won’t trade here either.
Cautionary reflections
In my quest to explore the world of cryptocurrency trading, Tipitek caught my attention with its offerings. It appeared to have potential, but as I delved deeper, several concerns surfaced, leaving me wondering if it’s a platform worth my investment.
My foremost concern is the lack of transparency regarding Tipitek’s background and regulatory information. Trading on a platform with such ambiguity can be a risky venture. The fact that the platform’s domain was recently created, with frequent updates, has me questioning its longevity and reliability. So, the million-dollar question is: Should I open an account with Tipitek? I find myself hesitant to put my funds on the line.
Alerte, arnaque.
Currently dealing with a perplexing situation with a certain company as I attempt to withdraw my funds without success. Hoping to believe that they’re not fraudulent and genuinely intend to progress and improve their services.”
SCAM COMPANY
hi Edouard
have you had any progress with Tipitek ?
Scammed by Tipitek
By Fact This Company is a Scam.
Anyone can reach me through antiscam-reviews.com administrator if s/he wishes to and I will give all the evidences one by one.
FACT
You sent Money to this Tipitek? Forget them FOR EVER ! All information provided to their side is fake – numbers and sales are fake, commitments and agreements are obsolete and non of them is valid.
FACT
Their Platform is manipulated to their benefit at all times. Your Account will never be real but virtual that can disappear any moment.
PREDICTION
Remember – very shortly they will take their profits/your money and you will never hear from them again. They will disappear from earth.
BE AWARE
Be aware from these people :
Ryan Biley
Daniela Palmer
Den Nash
Will Tang
( if this the real names – as they will never disclose their IDs )
They are a bunch of friends stealing your money big time …..
Watch out my fellow friends – don’t help them get out of their misery fast or/and any longer !
Thank you for reading My very but very genuine review !
Scammed by Tipitek
this is not a legit company
My Advise is : Do not even think investing with them
My Experience is giving you advise here
Cashing out is not possible- may be 5- 100 usd to convist you but nothing after that.
They will only request you to re invest with fresh money and then they are all lost
They are not regulated nor a legal entity
They claim to operate since 2017 but there is no prove up until 2020
They run their platform on an unsafe web based domain
they daily manipulate their platform to their own benefit to scam you
Thank you for reading my review
I’m available for all the proves
TIPITEK ARE FAKE AND LIARS – STEER WELL CLEAR
Firstly, I dealt with Daniella Palmer, then after a few days she asked me to invest another $2000, when I refused she became very aggressive and stopped any communication with me and passed me onto her colleague – Tobias Chandler, Financial Advisor, Telegram: +44 7787 480 377. I told him from the start that I would not be investing any more money. After a few days he suggested I invest another $5000 in order to get a $2000 bonus from Tipitek – another Scam – I refused and again he got very aggressive and did not want to trade with me. So we agreed it would be best if I closed the account. He said he would help me withdraw my money. I had 630 euros in Tibitek, Tobias told me that I had to send him ANOTHER 630 euros in order to be able to withdraw my funds – which means he would have 1,260 euros of my money – and he said I would then get all this money back!
Beforehand, Tobias did a test run to show me how to withdrawer money (only withdrawing $10 via Kraken – but this money has NOT gone into my account – such a suspicious way of transferring money). But when it came to me withdrawing all my money he said we could not do it via Kraken! He sent me a link to click on in order to send him more money
https:// changelly. com/buy-crypto
He was insistent that the card I use for him to help me transfer money to had been used many many times before and NOT a new card as the bank will reject the transfer – I didn’t realise at the time that he was trying to deduct money from my card – I thought he was transferring my money back onto it so it was lucky that it was refused by the bank – well that definitely sounds like he’s a thief.
I have sent numerous emails asking for help to withdraw my money to:
Alex Muller: Account Manager,
email: a.muller @tipitek. com
Our website: https:// tipitek. com
WhatsApp #: +44 7827 194-836
But he has ignored all my emails. He was very quick to contact me to help me set up my account and take my money at the start. I have also tried to contact the other two thieves Daniella and Tobias in an attempt to get my money back, but they have ignored me as well. Also sent emails to: Den Nash, Senior Financial Analyst, Telegram +44 7436 637177 – but he ignored my emails as well.
THEY ARE THIEVES – ALL OF THEM!!
TIPITEK ARE FAKE
TIPITEK ARE FAKE
After the first couple of days of trading with Daniella Palmer, she asked me to invest another $2000, when I refused she became very aggressive and stopped any communication with me and passed me onto her colleague – Tobias Chandler. After a few days he suggested I invest another $5000 in order to get a $2000 bonus from Tipitek – another Scam – I refused and again he got very aggressive and did not want to trade with me. So we agreed it would be best if I closed the account. Tobias told me that I had to send him ANOTHER 630 euros in order to be able to withdraw my existing 630 euros – which means he would have 1,260 euros of my money – and he said I would then get all this money back! He was insistent that the card I use for him to help me transfer money had been used many times and NOT a new card as the bank will reject the transfer – I didn’t realise at the time that he was trying to deduct money from my card – I thought he was transferring my money back onto it so it was lucky that it was refused by the bank.
I have sent numerous emails asking for help to withdraw my money to various people at Tipitek but everyone has either ignored my emails or have told me I needed to send more money.