Bitlq Review: Is it a Scam?

Overview of Bitlq

What is Bitlq?

Bitlq, a cryptocurrency trading platform, allows users to trade, buy and sell a variety of cryptocurrencies. It was established in Singapore in 2018.

What is Bitlq?

Bitlq lets users create an account and fund it with fiat or cryptocurrency. Then, they can place trades on Bitlq. Bitlq wallet offers additional security features and allows users to store their cryptocurrency in the Bitlq wallet.

What are the benefits to Bitlq?

Bitlq provides users with a user-friendly platform and a large range of cryptocurrencies to trade. It also offers enhanced security features to safeguard user funds. Bitlq also has competitive trading fees and responsive customer support.

Bitlq Features and Services

Trading platform

Bitlq is a user-friendly trading platform which allows traders to trade on a variety of cryptocurrencies including Bitcoin, Ethereum and Litecoin.


Bitlq offers a wallet that allows users to store their cryptocurrency. This wallet features enhanced security, such as multi-factor authentication (MFA) and cold storage.

Security measures

Bitlq is committed to security and has taken several security measures in order to protect funds. Two-factor authentication is available to protect accounts and user data. The platform uses SSL encryption.

Customer support

Bitlq has a 24/7 customer support team available to help users with any problems they might encounter on the platform.

Is Bitlq Legitimate?

Compliance with regulations

Bitlq has been registered with the Accounting and Corporate Regulatory Authority of Singapore, (ACRA), and complies fully with all applicable laws and regulations.

Feedback and user reviews

Bitlq received positive feedback from users. Many praised the platform’s intuitive interface and responsive customer service team.

Transparency, accountability

Bitlq is open about its fees, charges, and gives users detailed information about trading activities. Bitlq is accountable to its users, and will take responsibility for any problems that may occur.

Bitlq: The pros and cons

Benefits of Bitlq

  • A user-friendly trading platform
  • Trade a wide range of cryptocurrencies
  • Security features enhanced
  • Trading fees competitive
  • Support team available to customers whenever they need it

There are some drawbacks to Bitlq

  • There are limited payment options
  • No mobile app

Pricing and fees for Bitlq

Trade fees

Bitlq charges 0.1% per trade for trading fees

Withdrawal and deposit fees

Bitlq doesn’t charge withdrawal or deposit fees.

Additional charges and costs

Bitlq might charge fees for certain services such as wire transfers and currency conversion fees.

How to Use Bitlq

Registering for an account

Bitlq users can create an account by entering their email address and setting a password.

Funding your account

Bitlq accounts can be funded with fiat or cryptocurrency.

Place trades

Bitlq allows users to place trades by choosing the cryptocurrency they want to trade and then entering the amount they wish buy or sell.

You can withdraw your funds

Bitlq users can withdraw funds by selecting the cryptocurrency that they want to withdraw and entering their address from an external wallet.

Bitlq Customer Support

Contact us

Bitlq customers can reach out to the customer service team via email or livechat.

Response time

Bitlq strives to answer all customer support questions within 24 hours.

Support quality

Bitlq’s customer service team is knowledgeable and responsive, and can assist users with any issue they might encounter on the platform.

Bitlq Security

Security measures for your account

Bitlq provides two-factor authentication and SSL encryption for user accounts to protect them.

Security measures for the platform

Bitlq uses cold storage in order to protect user funds. Security audits are conducted regularly to ensure that the platform remains secure.

Coverage for insurance

Bitlq provides insurance to cover user funds in case of hacking or security breaches.

Comparative Analysis with Other Crypto Trading Platforms

Bitlq vs Coinbase

Bitlq has lower trading fees and offers a wider selection of cryptocurrencies than Coinbase. Coinbase has a simpler interface and a mobile application.

Bitlq vs Binance

Binance and Bitlq both offer wide selections of cryptocurrencies for trade. However, Bitlq offers lower trading fees and better security features.

Bitlq vs Kraken

Both Bitlq, Kraken offer a large selection of cryptocurrencies for trade and competitive trading fees. Kraken however has a more complex trading interface.


Bitlq, a legal cryptocurrency trading platform, offers users a wide variety of cryptocurrencies to trade and enhanced security features. It also has competitive trading fees. Although the platform does not have a mobile app and has limited payment options, it is reliable and trustworthy for anyone looking to trade cryptocurrency.


Is Bitlq a fraud?

Bitlq is a legal cryptocurrency trading platform and is registered with Accounting and Corporate Regulatory Authority of Singapore.

Is Bitlq safe?

Bitlq is very concerned about security and has taken several security measures to protect funds such as cold storage, two-factor authentication, SSL encryption and two-factor authentication.

What is the trading fee for Bitlq?

Bitlq charges 0.1% per trade for trading fees

Can I withdraw my Bitlq funds?

Yes. Users can withdraw funds from Bitlq. To do this, select the cryptocurrency you wish to withdraw and enter the address of your external wallet.

What are the supported cryptocurrency on Bitlq

Bitlq supports a variety of cryptocurrencies including Bitcoin, Ethereum and Litecoin.

How can I get in touch with Bitlq customer service?

Bitlq customers can reach out to the customer service team via email or livechat.

Is Bitlq able to offer margin trading?

Bitlq currently does not offer margin trading.

Is Bitlq located where?

Bitlq is located in Singapore.

Is Bitlq developing a mobile app for Bitlq?

Bitlq doesn’t have a mobile app at the moment.

What are Bitlq’s withdrawal and deposit options?

Bitlq users can use cryptocurrency or fiat currencies to fund their account. They can also withdraw funds to another wallet.

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