Bitprive’s Fight Against Fraud

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Bitprive’s Fight Against Fraud

Bitprive-BPVE WalletFraud happens everywhere in the world, it is one tragedy that can be prevented but yet almost everyone experiences in the course of running their everyday lives. The same applies for companies, there are always bad people trying to scam money out of your pockets.

Here at Bitprive, we put your asset safety above everything else. Read on to find out more on how we are actively trying to protect you from fraudsters.

Bitprive is Fully Regulated

Bitprive is the safest OTC marketplace allowing peer-to-peer to buy and sell cryptocurrencies with 180+ payment methods in the world. Since our launch, we have always complied with the applicable laws and we have also set up a stringent AML policy and we don’t just serve everyone. There is also a selected list of banned countries. Make sure you get yourself up to date with our latest by following the Bitprive blog.

How are we protecting you

As soon as we identify there is a threat of fraud, our Specialists at Bitprive can carefully elect one of the following options to employ: suspendinglockingand freezing.

Action to every threat is considered independently and we will try as much as possible to listen to the voices of all parties involved.

Account Suspension

When an account is suspended, the user is denied from account access. Account suspensions are usually caused by a breach of our Terms of Service (ToS) and our legal team takes no time to take actions against fraud. Account suspension is not reversible, so make sure you use your Bitprive account in good faith and not to violate our ToS.

Locked accounts

If your account’s status is appeared as locked, it is reversible and it usually means your account has been logged in from an unfamiliar location or there was a suspicion of unallowable acts. Our Bitprive Support team will get in touch and usually perform a series of authentication before the account is unlocked.

Frozen accounts

Frozen accounts are prevented from making any transactions including buying, selling and withdrawal. You need to contact Bitprive Support if your account is frozen, it usually means your account was flagged and was frozen to protect your assets from being stolen or moved.

Keeping Bitprive Safe

Bitprive-Distributed-ledger-technology-blockchain-3019121_1280We know crypto is all about decentralisation and empowerment but we also understand that a certain level of control is to be remained by Bitprive such as taking account actions in order to protect users from fraudsters such as peopling employing multiple accounts, fake identities, accounts from OFAC-banned countries, and people who unethically misuse our wide variety of payment options.

From the beginning of Bitprive’s fight against fraud, we’ve been combating hard to ensure your asset safety. We will not stop fighting for you, we will need you to do your part as well. If you ever suspect any violation of our Terms of Service by any user, please contact Bitprive Support to report them immediately.

Sign up now to start trading securely!

Disclaimer: The content herein is not, and is not intended to be, legal, financial, investment, or other advice.


About Bitprive (BPVE)

Bitprive is a Blockchain startup focusing on developing a regulated global cryptocurrency OTC marketplace with 180+ popular payment methods in the world.

Verified users can list buy and sell offers on the Bitprive platform for multi-cryptocurrency trading with a wide range of digital and physical payment methods. On top of providing the platform technology and matching services, we also provide the BitEscrow Network where crypto is held in our Bitprive hot wallet before the payment is confirmed. Once the seller confirms payment, Bitprive releases the crypto from the BitEscrow Network to the buyer’s Bitprive wallet.

At Bitprive, we value security and efficacy.


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