Bit Wise
On June 7, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about Bit-Wise and its services. BaFin has information that the company offers banking and/or financial services on its website without the necessary authorization. The company is not supervised by BaFin. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_06_07_bit-wise_co_en.html
Bit Wise fails to provide specific regulatory information to support its legitimacy, which is a clear indicator of a scam. Despite claiming to have offices in the UK, US, and Switzerland, there is no indication that it is registered with the relevant financial regulators in any of these countries. This indicates it operates in an unregulated environment.
In addition, the Federal Financial Supervisory Authority (BaFin) has issued a warning against Bit Wise, stating that Bit-Wise offers banking business and/or financial services on its website without the necessary authorization and highlighting that the company is not supervised by BaFin.
Essentially, Bit Wise is not regulated by any government agency. Entrusting it with investor funds is extremely risky, as there are no legal safeguards in place to protect them.
Bit Wise appears to be a scam.
Bit Wise fails to provide specific regulatory information to support its legitimacy, which is a clear indicator of a scam. Despite claiming to have offices in the UK, US, and Switzerland, there is no indication that it is registered with the relevant financial regulators in any of these countries. This indicates it operates in an unregulated environment.In addition, the Federal Financial Supervisory Authority (BaFin) has issued a warning against Bit Wise, stating that Bit-Wise offers banking business and/or financial services on its website without the necessary authorization and highlighting that the company is not supervised by BaFin.Essentially, Bit Wise is not regulated by any government agency. Entrusting it with investor funds is extremely risky, as there are no legal safeguards in place to protect them.Bit Wise appears to be a scam.Bit Wise has deactivated its previous domain name, bit-wise.co, and is now using the new domain name, bitwise-pro.com. The Federal Financial Supervisory Authority (BaFin) has noticed this change and updated its warning about Bit Wise. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2025/meldung_2025_01_08_bitwise_pro_com_en.html
Bit Wise has deactivated its previous domain name, bit-wise.co, and is now using the new domain name, bitwise-pro.com. The Federal Financial Supervisory Authority (BaFin) has noticed this change and updated its warning about Bit Wise. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2025/meldung_2025_01_08_bitwise_pro_com_en.htmlBrokersView found that the domains "https://www.bitwise-pro.com/en/" and "https://www.bit-wise.co/" are currently inaccessible. This is widely considered a significant red flag, as broker website suspensions often indicate underlying regulatory or operational issues.
BrokersView found that the domains "https://www.bitwise-pro.com/en/" and "https://www.bit-wise.co/" are currently inaccessible. This is widely considered a significant red flag, as broker website suspensions often indicate underlying regulatory or operational issues.
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