Reported as a scam / unregulated
Why Trade Bitcoin is on the register
Trade Bitcoin claims to be the trademark owned by Payeer OU regulated by the Ministry of Economy and Communications of Estonia with Cryptocurrency license FVT000468, and Paycorp Limited regulated by the Vanuatu Financial Services Commission (VFSC) under license number 15068. However, our search for this broker in the above-mentioned agencies’ registries didn’t find any records of its existence, disproving its claim. In essence, Trade Bitcoin is not regulated by any governing body. Entrusting this broker with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.