Uncovering the Truth: Bitlq Review – Legit or Scam?

Bitlq Review: Is it a Scam?


The number of cryptocurrency exchanges has increased as crypto becomes more mainstream. Bitlq is one of these exchanges. It is important to be cautious when investing in crypto, as there are many scams. We will be reviewing Bitlq in this article to see if it’s a scam or legitimate.

What is Bitlq?

Bitlq allows users to trade a variety of cryptocurrencies including Bitcoin, Ethereum and Litecoin. Estonia is the home of Bitlq, which was established in 2017. Bitlq is unique because it provides a social trading platform which allows users to follow the trades of successful traders and copy them.

What is Bitlq?

Bitlq functions just like any other cryptocurrency exchange. You can open an account, fund your account and start trading. Bitlq offers a social trading platform that allows users to follow successful traders and copy their trades. This tool is known as the „Copy trading“ feature.

Features of Bitlq

Bitlq provides many features for users, including:

  • Platform for social trading
  • Low fees
  • Trading a wide range of cryptocurrencies
  • Transactions fast and secure

Is Bitlq a fraud?

It is important to verify that an exchange is legal before you invest. We have not found any evidence that Bitlq might be a fraud after conducting extensive research. Bitlq, a legit cryptocurrency exchange, is registered in Estonia. It has experienced traders and developers.

Bitlq is not a fraud, evidence to that

Bitlq appears to be a legitimate exchange. There are many evidence. Bitlq has been registered in Estonia and adheres to all regulations. Bitlq employs experienced traders and developers who have worked with large financial institutions. Bitlq is a trusted cryptocurrency website that has received many positive reviews and been recommended to users.

Bitlq: Criticisms and concerns

Although Bitlq has not been proven to be a fraud, there are still concerns and criticisms. Users have complained about slow customer service response times and technical problems with Bitlq. These concerns aren’t unique to Bitlq, but are quite common for all cryptocurrency exchanges.

How to Use Bitlq

Here’s how you can get started with Bitlq

Set up a Bitlq Account

Go to Bitlq’s website and click „Register“ to create a Bitlq Account. Your name, email address and password will be required. After creating your account, you will need a government-issued ID to confirm your identity.

Funding of the account

You can fund your Bitlq account with a bank transfer, or a credit/debit cards. Bitlq charges a 2.2% fee to deposit with a credit/debit cards.

Trade on Bitlq

You will need funds to trade on Bitlq. After you have funds, you will be able to start trading by choosing the cryptocurrency you wish to trade and then placing an order.

Bitlq fees

Bitlq charges trading fees, just like all cryptocurrency exchanges. Here is a summary of Bitlq’s fees:

  • Maker fee: 0.1%
  • Taker fee: 0.2%
  • No deposit fee
  • Withdrawal fee: Variable depending on cryptocurrency

Comparing Bitlq fees with other exchanges

Bitlq’s fees, compared to other exchanges are very low. Coinbase, for example, charges a 0.50% maker fee and a 0.50% taker fee.

How to reduce fees on Bitlq

You can follow successful traders on Bitlq to reduce fees. You can copy successful traders‘ trades, and you won’t have to pay fees for them.

Bitlq security

All cryptocurrency exchanges must be concerned about security. Here is a summary of Bitlq’s security measures:

  • Two-factor authentication
  • For the majority of funds, cold storage
  • Regular security audits

How to protect your Bitlq account

Two-factor authentication should be enabled for Bitlq accounts. You also need to use a strong password. Avoid sharing login credentials with others and avoid phishing scams.

Comparing Bitlq security with other exchanges

Bitlq’s security standards are comparable to industry standards, when compared to other exchanges.

Support for Bitlq customers

Any exchange must provide customer support. Here are some facts about Bitlq’s customer support:

Bitlq customer support is available

Bitlq offers 24/7 customer support

Bitlq customer support contact details

Bitlq customer support can be reached via the website support ticket or live chat.

Quality customer service and response times

Bitlq customer service is variable in terms of its response times and quality. Some users report slow responses, while others have positive experiences with customer service.

User experience at Bitlq

When choosing an exchange, it is important to take into account the user experience. This is what you need to know regarding the Bitlq user experience:

Use of Bitlq platform is easy

Bitlq is easy to use even for complete beginners. The user interface is easy to use and intuitive.

Design and user interface of Bitlq

Bitlq’s platform is modern and sleek. It is easy to use and intuitive.

Comparing Bitlq’s user experience with other exchanges

Bitlq’s user experience compares well to other exchanges.

Pros and cons of Bitlq

These are the pros and con’s of Bitlq:

Bitlq’s Advantages

  • Low fees
  • Trading a wide range of cryptocurrencies
  • Platform for social trading

Bitlq’s disadvantages

  • Customer support takes a long time to respond
  • Some users have reported technical issues with the platform

Comparing Bitlq with other exchanges

Bitlq is a more competitive alternative to other exchanges because it offers low fees and a large range of cryptocurrencies.


We have not found any evidence that Bitlq might be a fraud after conducting extensive research. Bitlq is a legit cryptocurrency exchange offering a variety of cryptocurrencies as well as a social trading platform. There are concerns about technical issues and customer support, but these aren’t unique to Bitlq. They are also common with other cryptocurrency exchanges. Bitlq is an attractive option for investors who are looking for low-cost exchanges that offer a wide variety of cryptocurrencies.

FAQs that are semantically similar

  1. What is Bitlq?
  2. What is Bitlq?
  3. Is Bitlq a fraud?
  4. How do I create a Bitlq Account?
  5. What are the Bitlq fees?
  6. Is Bitlq secure?
  7. How can I get in touch with Bitlq customer service?
  8. It is so easy to use Bitlq
  9. What are the pros and disadvantages of Bitlq
  10. How does Bitlq compare with other exchanges?