Galaxybycoin Review – Zero Credibility And Traders Still Trust Them

Generally, when you see a company presenting itself as a European leading exchange, you expect something extraordinary from them. However, when you dig deeper into the website and analysis, you realize these details are far from reality.

That’s why it’s important to do your due diligence and investigate any firm you are planning to trade with. Luckily, this Galaxybycoin review presents you with all the key details you have to know.

Broker status:	Unregulated broker
Regulated by:	No regulations
Operating Status:	Active Crypto Investment Scam
Known Websites:	Galaxybycoin.com
Blacklisted by:	N/A
Owner:	N/A
Headquarters Country:	N/A
Foundation Year:	2023
Online Trading Platforms:	N/A
Mobile Trading:	N/A
Minimum Deposit:	N/A
Deposit Bonus:	N/A
CFD Trading Option:	No
Crypto Asset Trading:	Yes  – BTC, ETH, LTC
Available Trading Instruments:	Cryptos
Maximum Leverage:	N/A
Islamic Account:	Not available
Free Demo Account:	Not available
Accepts US clients:	US clients are not accepted
Global Fraud Protection Experts’ Verdict:	With numerous copy-pasted crypto trading brands, zero credibility, and a lack of regulations, withdrawing funds from this company is practically impossible. If you have funds stuck with them, contact our refund experts immediately.

Is Galaxybycoin Legit?

Usually, when traders think of legitimate investment firms, they think of regulated ones. Primarily, top-tier regulated firms that own licenses from FCA, BaFin, ASIC, or CFTC. Sadly, Galaxybycoin doesn’t have any of those. Neither do they have any other, to be clear.

In any case, the company operates under the laws of Malta. However, MFSA (The Malta Financial Services Authority) has not issued them a license. All in all, there’s zero reason to trust this firm. But read until the end because we will present you with some shocking details.

Traders Experience

It’s important to realize that there are not many Galaxybycoin reviews available. Sadly, there is only one comment on Trustpilot, and it’s most likely fake. But that’s exactly what we are looking for — irregularities. If the company claims to be the best exchange in Europe and has one review, doesn’t that ring a bell?

If you have trouble withdrawing funds from the Galaxybycoin exchange, let us know. Our expert team is there to advise you on all refund steps necessary to recover the funds.

How Does Galaxybycoin Work?

The whole idea of this company is to make traders deposit more money. They manage to do that through the fictive VIP and Premium accounts. Once you reach 0.3 BTC trading volume, you must pay for the Premium. Otherwise, you can’t withdraw any funds, as you would be able in other cases.

But before you get to the point where you can even request a withdrawal, you’ll have to go through a rollercoaster. They will make a whole lot of reasons to make you deposit more and more money. But the moment you want to withdraw it, you can expect trouble. If that happens, contact our refund specialists as soon as possible.

Who Are Galaxybycoin Clients?

With the domain registered in September 2023, there’s no chance this company is leading in Europe for crypto trading. Not to mention, they falsely claim their trading volume in the last 24 hours was $67 million.

Anyway, if you are coming from the following countries, keep your wallets tight:

• United States
• Germany
• Canada
• Australia
• United Kingdom

Keep in mind all these countries are strictly regulated and offer much better investment options than this. Check any Tier 1 licensed firm, and you will see the difference. In any case, if you have money stuck with this company, you can contact our refund team for consultation on the next step.

What Trading Platforms Are Available?

The company’s trading platform is obviously web-based. Which is quite the opposite of what trusted exchanges mainly offer. Anyway, with the platform, traders can expect a lot of manipulation in the first place.

Obviously, the firm is completely anonymous. Therefore, what prevents them from presenting you with fake profits that will make you deposit more money? They are not regulated, and the answer is quite clear.

Is the Galaxybycoin Mobile Trading App Available?

Unfortunately, the Galaxybycoin crypto exchange only gives you access to the web-based platform. Sadly, trusted iOS and Android apps are not a part of their deal. Which is quite disappointing because many trusted exchanges offer them.

To realize why trusted apps make a big difference, read our Alluretrades and Cryptology reviews.

What Financial Instruments Does The Platform Include?

According to the company’s presentation, Galaxybycoin coin offer consists of more than 200 digital trading assets. But without full transparency, we highly doubt any of those are truly accessible. Anyway, the offer includes:

• BTC/USDT
• BCH/USDT
• XRP/USDT
• ADA/USDT and many more

Account Types Offered by Galaxybycoin

The only way to extort more money from traders is through fake premium accounts. These will include fast withdrawals, VIP customer support, and many more fictive benefits. But there’s a catch. The deposit requirement for the premium is unknown.

Also, the company requires anyone with more than 0.3 BTC to activate the premium. Fairly, sounds like a scam that we will prove in the end.

Can a Trader Use a Galaxybycoin Demo Account?

Generally, you won’t see a demo account offer with shady crypto exchanges. But to be fair, that’s rarely a deal, even with licensed ones. However, a demo account would be a nice feature if the company offers leveraged trading, like the Galaxybycoin exchange.

Galaxybycoin Fees, Leverage and Commission

Generally speaking, Galaxybycoin crypto exchange has quite attractive fees, even on the lowest scale of investments. Therefore, you would be satisfied if the company were legitimate. Sadly, they are not.

Anyway, starting maker and taker fees are 0.075% and can get as low as 0.035%. Yet, the fees will solely depend on your 30-day trading volume. In addition, transaction fees will be charged for every coin presented in the Galaxybycoin app.

Surprisingly, there are deposit and withdrawal fees. For example, the deposit fee for BTC is 0.00003, while the withdrawal fee is 0.00007 BTC.

Is the Galaxybycoin Welcome Bonus Available?

With crypto exchanges, we can rarely see any bonus deals. Exceptional cases are when new coins are released. But even then, those bonus funds are as low as $10 in most cases. Therefore, you don’t have to worry about any swindling tactics here with Galaxybycoin wallet.

Is Galaxybycoin Withdrawal Possible?

The problem with the Galaxybycoin withdrawal is that only premium users get fast withdrawals within one business day. Everyone else doesn’t deserve the same treatment. That’s not quite a promising business model. Anyway, even with transparent withdrawal fees, we highly doubt the company will stay on it.

So, make sure to check those after completing Galaxybycoin login procedure. Anyway, without an adequate license, they can make up any costs they want. Hopefully, you won’t fall for it.

What Should I Do If I Have Galaxybycoin Problem?

Besides missing regulations and misleading details, there’s something else very important about this firm. That’s the bonus advice we are mentioning throughout the whole review. Keep in mind this firm has been running multiple trading brands with the same principle, such as Xderex, Muskonex, Tenxchange, Supenex Nexbitox, Losrex, and many, many more.

If that’s not a sign of the Galaxybycoin scam, nothing will be. Now, if you have funds stuck with any of these scam exchanges, contact our refund experts immediately for advice. Book your free first consultation today!