Bit Wise Review

About Bit Wise

BaFin issued a public warning concerning the company “Bit‑Wise” (operating as bitwise‑pro.com and previously bit‑wise.co) stating that it offers banking or financial services without the required authorisation and is not supervised by BaFin (). The regulator noted that Bit‑Wise changed its domain from bit‑wise.co to bitwise‑pro.com, which aligns with attempts to evade accountability ().

The platform does not present any evidence of regulation by recognised authorities such as the FCA, ASIC, CySEC, or similar bodies. Independent reviews cite its unlicensed status and warn of fictitious office addresses in San Francisco, London, and Zurich, which are unverifiable and suggest deceptive practices (). Reports from forums and investigation sites include user complaints of money loss, inability to withdraw funds, aggressive marketing tactics, unrealistic return promises, and frequent domain changes—all indicators of fraudulent operation ().

Pros and cons

Pros

• No verified valid licenses from recognised financial regulators.

Cons

• Warning issued by BaFin about unauthorised financial services via bitwise‑pro.com and bit‑wise.co ().
• No registration with FCA, ASIC, CySEC or other reputable regulators ().
• Unverifiable office addresses in multiple jurisdictions ().
• User reports of withdrawal refusals, pressure to deposit more, and deceptive practices ().