Reviews about Matbea are mostly negative, with rare positive comments. Users note high fees and issues with withdrawals.
Generated by AI based on published reviews and public data. For reference only and may contain inaccuracies.
Review Time
I decided to try holding cryptocurrency on Matbi since the platform was popular and actively advertised. However, I encountered a problem: I couldn't register because when accessing from a Ukrainian IP, a message appeared stating that access from my country was prohibited or the service accused me of using TOR. I could have tried to access it through a VPN, but I didn't want to, it was disappointing.
The functionality of Matbi is truly impressive, especially among many competitors. It serves as a wallet, an exchange, and a trading platform all in one, with an acceptable level of security. The comfort of use raises no questions: both the desktop and mobile versions are executed at a high level. Overall, if you plan to buy relatively popular coins, this is an excellent choice. However, for those looking for something rare, there may be issues with finding it. On the negative side, I would note that the verification process turned out to be quite complicated—I had to spend a lot of time taking "quality" selfies.
The functionality is really interesting, and the multifunctionality is even a bit concerning. I’ve already registered and tried the service. I deposited rubles and bought a bit of Bitcoin and Ethereum. Everything is stored in the wallet, sometimes it grows, sometimes it falls. I haven't made a withdrawal yet, but I plan to check how it works. If everything goes smoothly, I will invest a larger amount. I read news and forums — it seems that people are mostly satisfied, it doesn't look like a scam.
Registration and verification turned out to be quite labor-intensive. I understand that many exchanges face this issue, and Matbi is no exception. I struggled for two days with scans and screenshots, and I almost thought about giving up. But I felt sorry for the effort I had already put in. I have no complaints about the exchange itself. There are many thoughtful features, everything is convenient and clear. If you are an experienced professional, you will find interesting tools, including analytics.
Matbi was recommended to me as a reliable service for cryptocurrency. They have both a wallet and an exchange. You can buy and store, waiting for growth, or sell if you have concerns about a drop in the rate. I haven't encountered such a universal approach anywhere else, at least among well-known and safe options. Friends mentioned that they couldn't open a wallet due to a complicated registration process. That is indeed true. But it's better to go through all the difficulties once, confirming your rights to the account and identity, than to face withdrawal blocks or frozen accounts later.
The cryptocurrency exchange Matbea, although it positions itself as Russian, actually has neither a tax identification number nor a registered legal entity in Russia. They only have registration in the Seychelles. They don't care at all about your accounts and can do whatever they want with them. Be careful!
In July 2023, I transferred almost 5 thousand dollars into MTV tokens, which now have no value. I've been promised a refund for over two years, but apparently, none of these "mythical characters" have shown up, as the community members in the Telegram channel are saying. If you try to voice real accusations, you just get blocked.
Due to a hacker attack, my bitcoins were stolen and exchanged for their coins at a very unfavorable rate, which are now impossible to withdraw. They do not respond to my questions about transferring the remaining funds to other addresses. I do not recommend getting involved with this company — you will definitely be deceived over time. Very questionable people, you can't get any information from them.
MATBE (Matbea)
The most terrible wallet and exchange, constantly changing the terms. The bitcoins I collected for 3 weeks and were automatically withdrawn to Matbea turned out to be insufficient even to cover the deposit fee under the new conditions. Nevertheless, as the operator explains, my bitcoins went to pay the fee and did not return to my earnings server, meaning they disappeared without a trace for me.
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Discover the potential of MATBEA - an innovative crypto exchange offering unique products and services for convenient interaction with cryptocurrency! Here you will find MATBEA Swap, P2P trading, multi-currency wallet, mass payments via API and cryptocurrency scoring, as well as convenient fiat deposits and withdrawals via popular payment systems. Enjoy an extensive ecosystem: mobile apps for iOS and Android, MATBEA.net blockchain browser, crypto encyclopedia and MATBEAZINE. Join MATBEA and explore the world of cryptocurrency with us!
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