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Is Wobit a Scam? 

Wobit is yet another broker that has jumped on the cryptocurrency trend. Many people are excited to trade cryptocurrencies because they can skyrocket in value. However, these assets should only be traded with a regulated broker with reliable reviews. Wobit does not seem to have a license, is relatively new and has many warnings and bad reviews. 

Is Wobit a Scam or Legit?

Wobit is apparently based in Amsterdam and was founded in 2021. It focuses on crypto trading. Beware of brokers that only offer high-risk trading products like crypto, forex and CFDs. They can explain away losses as the volatility of the asset. Also, avoid any broker that does not show a license from a top regulator. Wobit does not provide any visibility into who is behind it or licensing. Also, it has many bad reviews from people who say they lost money with this broker. 

Here are some problems we have discovered from our research on Wobit and reviews:  

  • Not regulated
  • Bad reviews
  • No visibility into who is behind it
  • Only high-risk assets

ChargeBax experts have examined  Wobit and have discovered that it is a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away. 

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