Company Information

Get to know Bitcoin Group India

Bitcoin Group India was not a legitimate registered company but the name associated with a large-scale cryptocurrency Ponzi scheme operated primarily between 2016 and 2018. The scheme, masterminded by Amit Bhardwaj and associates under the brand "GainBitcoin," lured investors by promising exceptionally high, guaranteed monthly returns of 10% on their Bitcoin investments. The operation was ultimately exposed as a fraudulent scheme that defrauded thousands of investors of an amount estimated to be in the hundreds of millions to billions of dollars. The founders were subsequently arrested, and the operation was shut down by Indian law enforcement agencies.

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Bitcoin Group India

India

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

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DFSA

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Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.