Beonbit Reviews

Dear BEONBIT Pty Ltd

Dear BEONBIT Pty Ltd Thank you for your response to my inquiry dated Insert Date However your reply raises significant concerns and fails to address critical legal obligations under Australian law Below is a formal request for clarification and documentation to resolve these issues 1 Australian Financial Services License AFSL You state that BEONBIT does not require an AFSL because you do not operate as a broker However under Corporations Act 2001 Section 911A any entity providing financial services including investment products managed funds or tools facilitating trading must hold an AFSL This includes algorithmic or technical cryptocurrency trading platforms that handle client funds Request - Provide your AFSL number or a legal exemption certificate issued by ASIC - If exempt cite the specific provision of the Corporations Act that applies to your operations --- 2 AUSTRAC Registration As a cryptocurrency trading platform operating in Australia BEONBIT must comply with Anti-Money Laundering and Counter-Terrorism Financing Act 2006 AML CTF Act by registering with AUSTRAC Request - Provide your AUSTRAC Digital Currency Exchange DCE registration number - Confirm your inclusion on the AUSTRAC DCE Register --- 3 Misleading Claims About Deposit Insurance Your assertion that deposit insurance is provided by Australian law is false Australia s Financial Claims Scheme FCS exclusively covers deposits in banks credit unions and building societies Cryptocurrency platforms like BEONBIT are not eligible for FCS protection Request - Retract this misleading statement publicly - Provide evidence of any third-party insurance covering user deposits --- 4 ASIC Oversight Dispute Resolution While BEONBIT is ASIC-registered ACN 673700813 ASIC does not regulate or oversee your operations unless you hold an AFSL Legitimate financial service providers must also be members of the Australian Financial Complaints Authority AFCA Request - Confirm your AFCA membership number - Provide details of your dispute resolution process including how users escalate complaints to AFCA --- 5 Trustpilot Review Anomaly The review referenced dated February 20 2025 appears to be fraudulent as it predates the current date This raises concerns about the authenticity of BEONBIT s Trustpilot presence Request - Explain this discrepancy - Provide verifiable client testimonials or audits --- Deadline Next Steps You have 7 business days from the date of this letter to 1 Provide the requested documentation AFSL AUSTRAC AFCA 2 Correct false claims about deposit insurance 3 Address the Trustpilot review anomaly Failure to comply will result in escalation to - ASIC for unlicensed financial services - AUSTRAC for unregistered crypto operations - Scamwatch for deceptive practices A copy of this correspondence will be forwarded to the aforementioned regulators for transparency --- Sincerely Kamlesh Kumar ---

Dear BeOnBit Team

Dear BeOnBit Team Thank you for your response I appreciate your willingness to clarify concerns regarding compliance and investor protection However there are still critical gaps that need further explanation 1 AFSL Exemption Investment ModelYou claim BeOnBit does not require an Australian Financial Services License AFSL under Section 911A of the Corporations Act 2001 because you do not manage client assets However If BeOnBit collects user funds for trading this could still qualify as a managed investment scheme requiring AFSL oversight If you have legal confirmation of this exemption I request that you publicly provide the legal opinion you referenced 2 AUSTRAC Registration Investment RegulationYou mention registration with AUSTRAC as a Digital Currency Exchange DCE and compliance with AML KYC laws However AUSTRAC does NOT regulate investment activities it only monitors anti-money laundering compliance If BeOnBit executes trades using customer funds that may still require financial licensing under ASIC Can you confirm whether BeOnBit directly manages or executes trades on behalf of investors 3 Investor Insurance Fund ProtectionYou now state that investor funds are insured internally and through third-party insurance but You have not disclosed who the insurer is or what losses are covered Can you publicly provide details of the insurance policy and the name of the third-party insurer Internal insurance is not the same as government-backed financial protections under Australian law 4 Dispute Resolution AFCA MembershipYou confirm that BeOnBit is not a member of AFCA Australian Financial Complaints Authority and instead handles disputes internally However Without AFCA membership investors have no independent arbitration process How can users escalate disputes to a neutral third party if they are not satisfied with your internal legal team s decision Most legitimate investment firms offer independent dispute resolution mechanisms why doesn t BeOnBit 5 Trustpilot Review TransparencyYou state that BeOnBit is not responsible for third-party reviews on Trustpilot and that date discrepancies may be a technical issue However Companies cannot edit Trustpilot review dates which means any inconsistencies in user review timestamps raise concerns Do you verify investor testimonials on your platform to ensure they are from real users ---Final Request for TransparencyTo ensure full clarity and investor confidence I request that BeOnBit publicly provides A legal opinion confirming AFSL exemption Proof of insurance coverage with insurer details Clarification on how BeOnBit executes trades directly or via users A transparent dispute resolution process beyond internal legal handlingUntil these concerns are addressed with documented proof investors should proceed with caution I look forward to your clear and verifiable response BeOnBit ASIC CryptoRegulation InvestmentRisks

They have been making excuseI can t withdraw my moneys for me to

They have been making excuses for me to withdraw money for 10 hours and they are telling me that my account is approved and it is still not approved I have sent them a screenshot of my account being approved and they are not wanting to deposit my money because they are asking for different documents and they are busy

They haven t kept their word

They haven t kept their word and i haven t recieved my money for the past two weeks which has disappointed me I wouldn t suggest them to anyone because they are unreliable The wisest choice to date has been to proceed with HILLY

they don t state the profit rates

they don t state the profit rates before investing and clarify how they calculate and again they dont inform clients that weekends are not counted in profit accrual

I m little worry about there project

I m little worry about there project after the big scam of treasure nft and hahm Why there admins were not shown there faces or positions backup with fake telegram or whatsap accounts Is there any official blue tick instagram owner or representer on behalf of beonbit I dont understand one thing when some earn a lot with some stuff how he could let every one to join with him or risk there investments If i have to make 20 usdt with 100usdt invest for some one why i cant make it for me why i need investments when i gain profit If i have a skill of trading why need investment Supose some one says big invest big profit beonbit have 2billion usdt plus assets why the need more Hope to conversate with officials

Please tell me do you have office in

Please tell me do you have office in other country

BEONBIT is an excellent and time-tested

One of the most reliable companies on the market right now Apreciate you service and thank you for profits