OspreyFX

Upon my consideration to delve into the cryptocurrency market, I decided to put to test my deposit experience with the renowned broker, OspreyFX. For this plunge, I opted to use Indodax to fuel up the crypto-trading journey. A snapshot of my endeavor can be found [here](https://imgur.com/CrdPoCE). I extended my confidence further by undertaking a BTC transfer. As blockchain efficiency promises fast and reliable transactions, my optimism rested high. This is verifiable on the [blockchain link](https://www.blockchain.com/btc/address/37avgVbWZvX5kQYgX6fez1y8RpCp6Sw8cL). The transfer effect was perceivable on my broker's end, as apparent in this [imgur snapshot](https://imgur.com/BDNXxy0). The deposit rules set by the broker were explicit and can be viewed [here](https://imgur.com/CYjNoLw). As we flip the calendar back to Aug 7, 2019, I narrate a skeptical experience; one that adjusts the lens I view cryptocurrency exchanges. With a bitcoin deposit of 0.0011793 btc, equivalent to roughly $11, my expectations deflated upon receiving a mere $1 in the account. I oscillated between disbelief and disappointment, as the received amount was far from the actual transfer. On raising this issue with the company, their explanation regarded it as a deduction of 0.0005 btc, leaving me with a petty 0.0000793 btc, vaguely validating the received $1. Ironically, the blockchain transaction was accurate and in-line with my transfer. Based on the broker's interpretation, I should have landed up with 0.0005793 btc, or a decent $6. This experience calls for an air of caution when dealing with this broker. Though they accept BTC for deposits, one can't help but question if this method is a disguised strategy to shortchange their clients. Therefore, it's imperative to tread cautiously in this crypto-trading sphere.

When it comes to brokering, transparency becomes the hallmark of a trustworthy platform. This is a recount of my encounter with OspreyFX Broker when depositing Bitcoins and its implications on your crypto-trading journey. Hoping that my learnings will create an educated and aware atmosphere for many like me. The stepping stone of my depositing expedition started with Indodax, a credible cryptocurrency platform. The entire transactional detail from here can be accessed on this link: (https://imgur.com/CrdPoCE). For the ones who'd like to delve deeper into the Bitcoin transfer details over blockchain, here's the record: (https://www.blockchain.com/btc/address/37avgVbWZvX5kQYgX6fez1y8RpCp6Sw8cL). Once set into motion, the final result of my transaction on the broker end was visible here: (https://imgur.com/BDNXxy0). My journey was, however, not as smooth as I had anticipated. On August 7, 2019, I made a deposit of 0.0011793 Bitcoin which was equivalent to $11. Strangely, when the deposit was completed, the amount I had received was merely $1. On this discrepancy, the company's explanation was they had only received 0.0005793 Bitcoin and had deducted an advancement of 0.0005 Bitcoin, which left me with just 0.0000793 bitcoin. This was baffling especially since the transaction was clearly recorded on the blockchain and the final balance I was meant to receive should have been 0.0005793 Bitcoin or approximately $6. What raises concerns about OspreyFX Broker is their compliance with their rules about deposit, which you can check here: (https://imgur.com/CYjNoLw). If my interaction with the Broker is any reflection of their methodology, then their system might be skewed for their gain at the expense of their clients. Through this exploration, all I urge is for prospective traders to be cautious. When playing in the world of cryptocurrencies, always remember to keep your guard up and hold the essence of brokering into accountability – transparency.

Recently, I decided to take the plunge and made a deposit to OspreyFX, a forex broker, using Bitcoin from my Indodax account. To provide transparent evidence, I have documented the transaction process with screenshots [here](https://imgur.com/CrdPoCE) and the Bitcoin transfer record on Blockchain [here](https://www.blockchain.com/btc/address/37avgVbWZvX5kQYgX6fez1y8RpCp6Sw8cL). For several, Bitcoin is considered a promising method of transaction due to its rapid value appreciation, but my recent encounter with OspreyFX on 7th August 2019 was less than satisfying. To paint a clear picture, I initially deposited 0.0011793BTC, equivalent to roughly $11. But, that's when things took a weird turn. As per the transaction on the broker's end, which [you can see here](https://imgur.com/BDNXxy0), I only received $1. Surprised and perplexed, I reached out to OspreyFX only to find their response less than satisfactory. According to them, they had only received 0.0005793BTC. Following their [deposit rule](https://imgur.com/CYjNoLw), they deducted a 0.0005BTC fee, leaving me with a meager 0.0000793BTC or $1. In the world of Blockchain, where every transaction is documented and displays transparency, my record clearly showed the accurate amount being transferred. Even with the deduction, I should have been credited with 0.0005793BTC, equalling approximately $6. Instead, I was shorted of $5. While every broker has the liberty to choose their deposit methods, it's essential to fully understand the transaction process and rules. My experience with OspreyFX was a lesson to tread carefully. It seemed as if the broker found a loophole to withhold higher amounts of their client's money. In conclusion, investing and transacting in Bitcoin can be a hassle-free experience, but it's crucial to partner with a trustworthy broker. Always do your due diligence to ensure your hard-earned money's safety.

As a longstanding user of cryptocurrency, specifically Bitcoin, I've had my fair share of interactions with various brokers. My recent deposit experience with OspreyFX, however, left a lot to be desired. Unlike my interactions with other brokers, this particular experience raised some concerns that I think other users should be aware of. On August 7th, 2019, I undertook a process to deposit 0.0011793 BTC, equivalent to roughly 11 USD at the time, to my OspreyFX account using Indodax. Typically, the transfer of funds is a straightforward and transparent process. Unfortunately, what transpired left me with more questions than answers. At the end of the transaction, the amount that reflected on my OspreyFX account was a mere 1 USD. This was quite puzzling because, based on my computation, even after deducting a transfer fee of 0.0005 BTC, I should have received about 6 USD. To clarify my predicament, I reached out to OspreyFX's customer service, providing proof of the actual transaction amount captured on the blockchain, which can be viewed [here](https://www.blockchain.com/btc/address/37avgVbWZvX5kQYgX6fez1y8RpCp6Sw8cL). The response from OspreyFX was far from satisfactory. Their claim was that they had only received 0.0005793 BTC, an amount synonymous with a 1 USD deposit. This was, undoubtedly, a red flag considering the tangible evidence at my disposal revealing a stark contrast in the figures. Upon scrutinizing OspreyFX's deposit rules found [here](https://imgur.com/CYjNoLw), it's clear that they only accept Bitcoin as a mode of deposit, which in itself is not a problem. However, my disappointing experience alluded to the possibility of inexplicable deductions, leading me to question the broker's transparency and integrity. If you, like me, value every bit of your hard-earned money and want it to be accurately reflected in your trading endeavors, then you might want to exercise caution while dealing with brokers such as OspreyFX. It would seem they have found a loophole in the system to unjustly hold onto client's funds while masking it under 'normal operations'. In conclusion, tread carefully. Your hard-earned Bitcoin might just be safer elsewhere.