Cryptocurrency has generated a lot of interest among the investor community in the United States and worldwide.  Bitcoin, Litecoin, Ethereum, Ripple and Tether are a few of digital currency in demand and traded on exchange-like Ethlegit. When talking about its valuation, the market worth of all cryptocurrency is $1.6 trillion, with bitcoin at the top with $969.6 billion on 18 February 2021.

In this article, we will be discussing a site, an online exchange that deals in cryptocurrency. When was this website started, how it works, is it legit or a scam, and its public reviews? This article will look into every aspect of this website to know all read this article till the end.

What is Ethlegit.com?

This portal was started nine days ago and is an offshore exchange, which deals in buying and selling cryptocurrencies like Bitcoin and Ripple. The commission charged on Ethlegit for buying and selling digital currency is the same. Still, a regular user has to pay a .20 percentage of trade while a premium user has to pay .14 of transaction.

Since this site is an offshore exchange and does not come under the United States government’s jurisdiction, there is always a change of fraud for which the federal government will not be liable. 

When we talk of digital currency, the central bank of any country has no control over it, and it depends on market dynamics. So dealing in cryptocurrency on an offshore platform is a risky proposition.

Is Ethlegit Legit?

This website is only nine days old, and its area of operation is buying and selling digital currency over which no government has control. Many countries have also banned the use of cryptocurrency in their own country. 

This trading platform s concerned its commission is reasonable, and it also talks of the latest technology and secure wallet. Still, it’s tough to trust a site of nine days that have no backing of a credible corporation or financial institution. 

Customer review on a digital platform about any website is another way to know about the legitimacy of a particular site of a young age, so let’s move ahead to know about its reviews.

What are Ethlegit Reviews?

On islegitsite.com, the report summary shows this website to be potentially unsafe to use as they have found some evidence to come to this conclusion. Signal Arnaques has declared this site fraudulent, and they have six comments from the customer. Everyone is making the same complaint about being scammed by the website.

Customers are warning others to do not do their ID verification as their data may be misused. Scamdoc.com has given a rating of 1 percentage point for this website and talked about many bad reviews it got in nine days of its operation.  

Final verdict:

People should stay away from Ethlegit until more information about this come into the digital domain. As of now, it seems to be a scam. An investor generally purchases cryptocurrency to gain from the increase in the currency value, which makes this a volatile currency. 

As far as trading of digital currency is concerned, there are many credible platforms like Coinbase, eToro and Robinhood, which investors can use.

Has anyone of you has come across this dubious website? or has any opinion about cryptocurrency? Please share your views in the comment section below.