Review and feedback on the major fraudulent exchange Bitzlato
**Review and feedback on the major fraudulent exchange Bitzlato**
Bitzlato is a platform for cryptocurrency exchange that originated from Telegram bots offering exchange of popular cryptocurrencies. Investigations on the internet have uncovered negative customer reviews, casting doubt on the company’s reliability. In this review, we will examine the functionality of bitzlato.com and try to understand why there are so many negative opinions about this cryptocurrency exchange.
Development history of the Bitzlato project
Let’s look at the key sections of the website bitzlato.com and gather information that influences the overall impression of the project. The review will start with the section “About the company,” where the following history is presented:
- In 2013, a group of engineers began working on technologies for the Russian cryptocurrency market.
- From 2013 to 2018, engineers were involved in the production of mining equipment and the construction of data centers.
- In 2016, the company launched the development of Telegram bots ChangeBot for cryptocurrency exchange.
In 2018, the company was renamed Bitzlato. According to the developers, the renaming was associated with expanding activities.
Terms of the Bitzlato user agreement
Due to the lack of information about the project organizers, let’s focus on the rules of the user agreement. The sections “Regulatory documents” and “Security policy” establish the following provisions:
- Users from Germany and the USA are not accepted on the site.
- The company is not responsible for user losses due to the use of provided products.
- Bitzlato reserves the right to disable software without warning.
Bitzlato exchange offerings
- P2P exchange through Telegram bot and web version.
- Web platform Bitzlato, based on TradingView graphics.
The site also offers sections “Wallet,” “Payment gateway,” and “Demo account.” Customer reviews point to limited functionality and unsatisfactory quality of data in these sections.
Customer reviews on the Bitzlato cryptocurrency exchange
Most reviews about the exchange are positive, however, negative opinions are rare and are immediately refuted by Bitzlato supporters. Criticism of the exchange meets strong resistance from fans, which may hinder an objective evaluation.
Conclusion
Bitzlato is a new, convenient, but unsafe project, which is recommended to approach with caution. Key remarks include:
- Inability to verify the project team’s qualifications and lack of data on the organizers.
- Dubious authenticity of positive reviews about the exchange.
- Absence of a Russian-language user agreement.
- Low responsibility of the company towards users.
- The company’s future plans remain unclear until the end of 2020.
We wish everyone good luck and advise avoiding cooperation with the Bitzlato exchange. Take care of yourself!