Bintense claims to be a Cryptocurrency exchange that guarantees safety, security and efficiency. They also tell us that the exchange has 5,000 customers. They want to “help” you quickly buy and sell Cryptocurrencies whether you’re new or experienced in trading.

But today we provide you with reasons why we feel that Bintense.io is not a safe platform to trade with. If you want to sign up with this Crypto exchange, you have to make some considerations because your funds may be at risk if you proceed without caution.

Note: We also advise that you avoid risky brokers such as Graystone, TradeSafer and External Coins.

Bintense review: Some facts about this Crypto exchange

The Cryptocurrency exchange is owned and operated by an offshore company called UAB Green Cliff INC. This company is situated in Lithuania as you can see on this map.

A person called VYTAUTAS KELMINSKAS is listed as the Director of this company since September 2022.

The Crypto exchange first appeared online in February 2022. It’s not as established as some of the most popular Crypto exchanges such as Binance.

Why it may not be safe to trade Cryptocurrencies at Bintense

Whereas they claim that it’s perfectly safe to buy and sell Crypto on this website, we have to consider the fact that this platform is offshore-based and unregulated.

If you want guarantees that your funds will be safe, you have to consider trading with regulated exchanges. A valid license means that the entity is recognized by securities regulators and authorized to provide financial services.

The Crypto exchange must have demonstrated to authorities that it’s doing business with the purpose of providing buying and selling with no intentions to scam people.

Secondly, Bintense does not have enough feedback from consumers. We just saw a few comments in the forums and we wondered why a Crypto exchange with 5000 customers can attract only a handful of reviews from their clients.

In addition to this, it’s not possible to verify the authenticity of those reviews. These days companies write and publish their own reviews to deceive potential clients into believing that those reviews were written by customers.

We found one honest review about Bintense Crypto exchange

This Crypto exchange has received at least 1 honest review from a user who is not so happy with their service.

The response of this exchange towards that customer is ridiculous though. Take a look at the screenshot below. It clearly shows that they’re a fraudulent business trying to defend their reputation regardless.

Conclusion of this review

The truth is that Bintense is not a popular Crypto exchange and trading with this site may cost you ultimately. We do not see reasons why traders would opt to use this offshore trading platform instead of popular and well-established Crypto exchanges such as Binance, Kraken and the rest.

We feel that this platform is not safe for trading at the moment. Thanks for reading. If you have an experience with this exchange, use the comment section to publish your opinion.