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AimBitcoin Review | A Favorite Among Crypto Enthusiasts or Scam?

by Kevin Berry
Rating: 
  1.3/5   Reviews: 2
AimBitcoin - logo

According to internet reviews, the cryptocurrency exchange AimBitcoin is a favorite among crypto enthusiasts, with an average rating of 4 stars, though the number of comments is small. The platform claims to be the largest in Europe, boasting over 3 million users, which seems quite dubious. The firm prides itself on high transparency and European regulation but fails to provide the names of financial commissions or links to registries with licenses. Crypto scams often lie and tell tales about themselves, so a thorough check is necessary.

Highlights

🏛️ Country Republic of Lithuania, Hong Kong, England, Wales, BVI
⚠️ Regulation
🖥️ Website https://aimbitcoin.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit $5
⚖️ Minimum and Maximum Leverage 1:20
⚙️ Trading Platform WebTrader
📨 E-mail support@aimbitcoin.com
📞 Phone

First Impression of Aimbitcoin.com

The official website of the exchange introduces us to trading conditions, opportunities, company information, and legal data. The design is standard and similar to any other cryptocurrency platform’s website. It uses graphic elements in the form of pictures of popular digital currency and laptops with quotes.

AimBitcoin - site

Given the available translations (besides English, Spanish, Turkish, German, Chinese, and others are available), AimBitcoin seems oriented not only towards Europe but also the Asian region.

At the top of the page, there are four main sections: markets, trading, futures, and codes. There are also buttons for registration, login, language change, and connecting a Web3 wallet.

We recommend not connecting your Web3 wallets to lesser-known sites, as there is a risk that your funds could be stolen.

Overall, the site is full of pseudo-advantages and false merits of the platform, presented without any confirmation. For example, the mention of European licenses without names/numbers, or cold storage, but without specific wallet addresses where one could see AimBitcoin’s reserves.

Partnership and Bonuses

Almost all cryptocurrency exchanges have an affiliate program, which is an excellent tool for attracting new users. AimBitcoin is no exception, so there is also an opportunity for clients to earn additional income by inviting partners.

The client receives 40% of the commission paid by their referral for trading transactions. This rate is fixed and does not depend on the number of invited users. According to the online calculator for income from the affiliate program, you need to invite at least 20 people to receive a reward.

Account Opening on Aimbitcoin.com

To register an account, only an email address is required. Additionally, you need to create a password and agree to the user terms. After creating a personal account, the system requires logging in using the entered data. Email confirmation is not needed, as no email is sent, which represents a serious security flaw in AimBitcoin’s system.

Registration

Upon logging into the personal account, users are immediately recommended to undergo verification and connect 2FA. The client portal allows clients to track their current balance for all assets, replenish the deposit, submit withdrawal requests, undergo verification, edit personal data, receive referral statistics, and configure API keys. Overall, the AimBitcoin personal account interface is understandable and should not pose difficulties in navigation.

AimBitcoin - personal account

There is nothing to comment on about a demo account at AimBitcoin, as this option is absent.

Verification

The exchange conducts mandatory user identity verification. That is, KYC is a compulsory process, without which it is impossible to fully use services.

The verification process starts with providing personal information: name, gender, date of birth, and residential address. Then, it’s necessary to upload documents confirming the user’s identity and residential address. Additionally, a selfie with the document in hand is required. The entire KYC process is conducted in AimBitcoin’s personal account. However, it is unknown how long the verification will take.

Pros
  • Convenient to upload documents.
Cons
  • The company requires taking a selfie.

Trading Software

The trading terminal in AimBitcoin is standard. It is available only in a web version, as a mobile app and desktop version have not been developed. Although the official website mentions a mobile app, we found no links. The platform has standard options:

  • Order book.
  • Price chart with volume data and dynamics.
  • List of assets.
  • Order panel. Includes pending and market orders.
  • History of market trades.
  • Balance.

Terminal

Traders can use technical and graphical analysis tools: lines, levels, trends, squares, triangles, Elliott waves, and Fibonacci. Also available are 11 timeframes from 1 minute to 1 week. AimBitcoin’s trading platform is no different from other exchanges. Essentially, it’s just a copy of other terminals, additionally supporting connection via API keys.

The website also provides information about a decentralized platform, which uses Automated Market Maker (AMM). It operates on two blockchains: Ethereum and Tron. However, the smart contracts of the pools are not indicated, so it’s impossible to check their liquidity and potential threats.

Features AimBitcoin Jubix Kloredex
Demo Account
Mobile App
Own Development ✔️

How Can I Trade With AimBitcoin?

Firstly, users can trade spot, where hundreds of cryptocurrencies are available, including not only Large Cap but also small altcoins. Additionally, AimBitcoin offers futures trading with leverage up to 1:20.

All Info About Accounts

The cryptocurrency exchange has developed six statuses, which differ in commissions and withdrawal limits:

  1. Standart. Default conditions.
  2. VIP. Reduced commissions for deposit, trading, and withdrawal. The minimum withdrawal amount is $5.
  3. Premium. Even more favorable conditions, withdrawal from $150.
  4. Diamond. Adds trade cashback of 5%, and no commissions.
  5. Platinum. Cashback increased to 10%.
  6. Titan. The most favorable condition with cashback of 15%.

Account status

The trading commission is 0.1%, a typical rate among popular similar platforms. Moreover, a daily fee of 0.098% is charged for using margin funds.

Besides trading, clients have access to passive income. AimBitcoin developed an investment product named “SMART-staking” with a yield of up to 30% per annum, depending on the duration of the digital currency placement. This profit is available for all types of cryptocurrencies, even BTC or USDT. The source of such high yields is unknown. Often, such high percentages are offered by hidden financial pyramids.

Different conditions are set for futures trading. The commission for “Taker” orders is 0.035%, and for “Maker” orders, it’s 0.01%. AimBitcoin offers perpetual futures USDT-M and BTC-PERP.

Pros
  • Investment service available with a yield of up to 30% per annum.
  • Low minimum deposit of $10.
Cons
  • Cannot test the service on a demo account.
  • Signs of a financial pyramid scheme.
  • Commissions on deposits and withdrawals.

Market Analysis and Education With Aimbitcoin.com

Additional options, such as fresh market analytics or educational courses, are absent. At least, such opportunities are not mentioned on AimBitcoin’s official website. Users only have access to a FAQ section and current market quotes. The absence of competitive advantage is notable, as many popular cryptocurrency exchanges offer clients extensive educational academies with useful information.

Deposit, Withdrawal, and Fees

Information about deposits and withdrawals is contradictory. Considering the statuses described above, the exchange charges fees for both deposit and withdrawal. However, in a separate table dedicated to commissions, many assets are marked as “free”. So, what is the truth? Does AimBitcoin charge fees or not?

Also noteworthy is the 15% commission for depositing the stablecoin USDT, making the use of this popular cryptocurrency, tied to the dollar rate, unprofitable. Overall, commissions vary and depend on the asset. AimBitcoin supports not only digital currency but also fiat.

Features AimBitcoin Genesis Exchange Crypto Comeback Pro
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️
Crypto Transfers ✔️ ✔️
Deposit Fee ✔️ ✔️
Withdrawal Fee ✔️ ✔️

How Can I Contact It?

You can contact the platform’s staff via email. There are three options provided, depending on the subject of the inquiry: listing request, support, and partnership. However, it’s unlikely anyone will respond, as the emails turned out to be fake. Why does AimBitcoin publish non-existent email addresses?

Fake email

Additionally, the cryptocurrency exchange operates accounts on three social media platforms: Instagram, Telegram, and X. There you can ask questions of interest. Comparing the number of followers and activity on posts, one can conclude bot inflation, a serious signal. The number of followers is about 30-40 thousand, but the company boldly claims 3 million users. Doesn’t it seem like there’s obvious deception here?

Pros
  • None.
Cons
  • Fake email.

Is AimBitcoin Dangerous?

The exchange looks more like a scam than a safe and verified platform, especially considering the fake contact details. However, for a comprehensive conclusion, we need to examine the most crucial details: duration of operation, licenses, and legal data. Only after this can a verdict on AimBitcoin be drawn.

How Long Does The Exchange Work?

On the Telegram channel, it’s claimed that the platform has been operating since 2016. Then why is the exchange absent on well-known and popular cryptocurrency aggregators like Coingecko or Coinmarketcap? Why are there so few reviews on the internet that almost no one knows about AimBitcoin? There’s no doubt that the launch date is fabricated.

When was the cryptocurrency exchange actually launched? The domain was registered in 2016, but it was up for sale. Only in December 2023 was it purchased, and AimBitcoin appeared there. Moreover, social media accounts were also bought, and content related to this platform began posting from December 4.

Domain

How Is AimBitcoin Regulated?

The platform repeatedly indicates European regulation but provides no names, abbreviations, links, or license numbers. It may be necessary to independently check all legal entities listed in the organization’s user agreement. For example, the firm UAB Clear White Technologies registered in the Republic of Lithuania does exist, as the search showed, but its main business is consulting, and it has no licenses.

AimBitcoin - Kervizitai Lithuania

Features AimBitcoin BTC-MARKETS Foxqa
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With AimBitcoin?

Just register an account and replenish the deposit, transferring cryptocurrency for at least $5. It's also necessary to undergo identity verification, as the platform adheres to AML & KYC policies.

Is AimBitcoin Legit?

The exchange operates illegally. It claims licenses that don't exist and asserts a founding date of 2016, but actually only appeared in December 2023.

How Risky Is It?

Using the AimBitcoin platform carries a huge risk, not because of the high volatility of cryptocurrencies, but because the exchange could easily turn out to be fraudulent. Therefore, you may lose all your funds.
Kevin Berry
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Expert Opinion

There are many scammers in the cryptocurrency industry who aim to deceive people to steal their money. This sector is poorly regulated, and technology allows scammers to remain anonymous and cover their tracks. Therefore, it’s crucial to carefully choose the platform where you plan to trade digital currency. It’s necessary to cooperate only with the most well-known exchanges with tens and hundreds of millions of users. AimBitcoin cannot boast such facts because it’s a noname, without recognition and a brand. Just another scam filled with lies and fakery. So don’t invest here!

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AimBitcoin rating

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The level of trust
Quick withdrawal of funds
Efficiency of technical support

2 reviews about AimBitcoin

GGG_BBB January 2, 2024 - 21:48
It's very much like a scam
The level of trust
Quick withdrawal of funds
Efficiency of technical support

The claim of having 3 million users is a blatant lie. It’s utter nonsense because, in reality, you won’t even find 10 traders here. There are very few reviews on the internet, and the website’s traffic is super low. There is no information in social networks or on aggregators. Listings on Coingecko/Coinmarketcap are absent. Moreover, the legal entities mentioned in the documents are unlikely to be associated with the platform. In short, this is just another scam.

Reply
Rush January 11, 2024 - 14:10
Caught in a fraudulent scheme ☹️
The level of trust

Here’s a cautionary tale: I was fooled by attractive and sweet bitcoin and ethereum rates on aimbitcoin.com and wanted to “earn” on it. But in the end, the scammers who created this scam profited. I thought I’d make a +5% profit on my deposit by buying ETH cheaper and selling it at a higher price on this platform. But I realized I fell into a fraudulent trap when several hours passed, and the withdrawal of funds was not processed. In the end, I couldn’t withdraw, and the anonymous fraudsters didn’t respond to my questions. The email turned out to be fake.
This is a kind of fraud I was previously unaware of. Now I’m sharing this information with others so that no one else gets scammed.

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