Crypto Exchange Safety Checker
Is This Exchange Safe?
Compare your crypto exchange against regulated platforms to see if your funds are at risk.
If you’re looking at BIJIEEX as a place to trade crypto, stop for a second. There’s no verified record of a legitimate exchange by that name. What you’re probably seeing is a misspelling or rebrand of Bitex - a platform already flagged by multiple financial watchdogs as unsafe. If you’re considering depositing money here, you’re risking it on a service that doesn’t answer to any government regulator, has terrible customer service, and takes weeks to release your funds.
What Is BIJIEEX? Probably Bitex
There’s no official website, license, or regulatory filing for BIJIEEX. Not in the U.S., not in the EU, not in New Zealand or anywhere else. The name doesn’t appear in any crypto exchange directory, scam database, or financial registry. But Bitex? That’s a different story. Multiple reviews from November 2025 point to Bitex as the real target of your search. It’s likely BIJIEEX is either a typo, a copycat site, or a new alias for Bitex after it got flagged. Scammers do this all the time - change the spelling, tweak the logo, and pretend they’re new. Don’t fall for it.Why Experts Say Avoid Bitex
Traders Union, a well-known platform that reviews over 3,800 financial services, confirmed in July 2025 that Bitex is not regulated by any Level 1 or Level 2 authority. That means no oversight from agencies like the SEC, FCA, or ASIC. Regulated exchanges like Coinbase or Kraken are required to keep client funds separate, undergo audits, and follow strict anti-fraud rules. Bitex isn’t. That’s not a small detail - it’s the difference between safety and gambling. Their review process checks official licenses, regulator databases, and real user complaints. Bitex failed every check. No license. No transparency. No accountability. That’s the red flag list in one sentence.User Experiences: Fast Payments? Not Really
Some users on G2 say Bitex is good for sending USDT to Latin America because of low fees and decent exchange rates. That sounds appealing - until you read the rest. The same users report waiting 7 to 14 days to get their money. One person said they had to chase customer service for over a month just to get a reply. Another mentioned they lost $800 because the platform froze their account with no explanation. And here’s the kicker: those positive reviews were collected by offering people a $5 gift card. That’s not unbiased feedback. That’s paid promotion. Meanwhile, the negative reviews - the ones about delays, locked accounts, and silent support - are consistent across multiple platforms. When the same problems show up over and over, it’s not bad luck. It’s a pattern.How Bitex Compares to Real Exchanges
| Feature | Bitex | Coinbase, Kraken, Bitstamp |
|---|---|---|
| Regulated by government? | No | Yes (SEC, FCA, ASIC) |
| Customer support response time | 5-14 days | Under 24 hours |
| Withdrawal speed | 3-14 days | 1-2 hours (crypto), 1-3 days (bank) |
| Insurance on deposits | No | Yes (up to $250K in some cases) |
| Available currencies | BTC, ETH, LTC, XRP, USDT | 200+ coins, fiat on-ramps |
| Transparency | No public license, no audit reports | Full public disclosures, annual audits |
Bitex might look simple. It might even look professional. But looks don’t protect your money. Regulated exchanges have legal obligations to return your funds. Bitex has none. If they disappear tomorrow - and many unregulated platforms do - you have zero legal recourse.
Why People Still Use It (And Why That’s Dangerous)
Some users turn to Bitex because they’re in countries where banking is hard. Maybe they’re in Venezuela, Nigeria, or Colombia, and local banks won’t touch crypto. Bitex offers USDT transfers with low fees, which sounds like a lifeline. But here’s the truth: if you’re using an unregulated platform to move money across borders, you’re not saving time - you’re becoming a target. Scammers love these gaps. They set up fake exchanges that look like Bitex, promise fast payouts, and then vanish after you deposit. Or worse - they lock your account and demand extra fees to “unlock” your funds. That’s a classic pig butchering scam. And Bitex’s lack of regulation makes it the perfect cover.What Happens If You Deposit Money?
Let’s say you send $1,000 to Bitex. You see the balance update. You feel good. Then you try to cash out. You click withdraw. Nothing happens. You email support. No reply. After 10 days, you get a response: “Your account is under review.” Then another week passes. Then you get a message: “We need a $200 compliance fee to process your withdrawal.” That’s not a glitch. That’s the business model. Unregulated platforms don’t make money from trading fees. They make money from trapping your cash. They count on people being too embarrassed to report it, too hopeful that it’ll work out, or too scared to involve authorities. Don’t be one of them.What Should You Do Instead?
If you need to buy or sell crypto, use a regulated exchange. In New Zealand, you can use Independent Reserve or CoinSpot - both licensed by the Financial Markets Authority. In the U.S., Coinbase and Kraken are SEC-compliant. In Europe, Bitstamp is FCA-regulated. These platforms have real legal accountability. If something goes wrong, you can file a complaint. You might even get your money back. For international transfers, use platforms that support bank-to-crypto on-ramps with real banking partners. Services like Wise or Revolut offer crypto buying with local currency support - and they’re backed by real banks, not anonymous offshore servers.
Final Warning
BIJIEEX doesn’t exist as a legitimate entity. Bitex is flagged as unsafe. If you’re being pushed to use either, walk away. No amount of low fees or fast USDT transfers is worth losing your life savings. Crypto is risky enough without adding unregulated platforms to the mix. If you’ve already used BIJIEEX or Bitex and lost money, report it. Sites like Crypto Legal and Traders Union collect these reports to warn others. You might not get your money back - but you could save someone else from the same fate.Frequently Asked Questions
Is BIJIEEX a real crypto exchange?
No, BIJIEEX is not a recognized or registered crypto exchange. There are no official records, licenses, or regulatory filings for this name. It’s likely a misspelling or rebrand of Bitex, a platform already flagged as unregulated and unsafe by financial watchdogs.
Is Bitex safe to use for trading crypto?
No, Bitex is not safe. It’s not regulated by any major financial authority, has no legal accountability, and has widespread reports of delayed withdrawals and poor customer service. Traders Union explicitly states, "I do not recommend Bitex." Using it puts your funds at high risk of being lost or locked indefinitely.
Why do some people say Bitex is good for sending USDT to Latin America?
Some users say Bitex offers low fees and decent exchange rates for USDT transfers, especially in countries with restricted banking. But these benefits come with extreme risk. The same users report long delays, unresponsive support, and frozen accounts. What looks like a convenient option is often a trap used by scammers targeting vulnerable users.
Can I get my money back if I’ve already deposited into BIJIEEX or Bitex?
It’s very unlikely. Without regulation, there’s no legal framework to force them to return your funds. Most users who report losses to platforms like Crypto Legal or Traders Union never recover their money. The best action is to stop using the platform immediately and report your experience to help warn others.
What are safer alternatives to BIJIEEX or Bitex?
Use regulated exchanges like Coinbase, Kraken, Bitstamp, Independent Reserve (NZ), or CoinSpot (AU). These platforms are licensed, audited, and legally required to protect your funds. For international transfers, services like Wise or Revolut offer secure crypto buying with local currency support and real banking backing.
How can I spot a fake crypto exchange?
Look for three things: 1) A public license from a known regulator (like SEC, FCA, ASIC), 2) Clear contact info and physical address, and 3) Consistent, fast customer support. If the site has no license, uses vague language like "global service," or has reviews mentioning delays and hidden fees - walk away. If the name looks like a typo of a known platform (like BIJIEEX instead of Bitex), that’s a red flag.
Next Steps If You’re Considering BIJIEEX
- Stop. Don’t deposit any money.
- Search for "Bitex scam" - you’ll find dozens of user reports.
- Check Traders Union’s database - they list Bitex as unsafe.
- Use only exchanges licensed in your country.
- If you’ve already lost money, report it to Crypto Legal or your local financial authority.
There’s no shortcut to safety in crypto. If it sounds too good to be true - low fees, fast payouts, no verification - it is. Protect your money. Stick with regulated platforms. You’ll sleep better, and your wallet will thank you.
