Is Bitlo a Scam? Regulation Check 2026
The Bitlo entry was pulled from the VASP (Turkey) register. This is what the public record returns.
Verdict
The record clears Bitlo: it holds VASP (Turkey) registration, which clears it to offer trading in Turkey.
How to verify on the official register
| Regulator | VASP (Turkey) VASP (Turkey) |
| Registration status | Registered |
| Regulated Entity | Bitlo |
| Founded | 2018 |
What VASP (Turkey) regulation means
Under VASP (Turkey), an exchange must ring-fence client funds in segregated accounts, carry negative balance protection, and open its books to independent audit. A complaint can be filed with VASP (Turkey) directly.
What the VASP (Turkey) registration buys you
- Client funds ring-fenced in segregated accounts, apart from Bitlo's own capital
- Negative balance protection, so a loss cannot run past the deposit
- A direct line to VASP (Turkey) for a complaint should Bitlo leave one unresolved
- Independent financial audits of Bitlo, run on a schedule under VASP (Turkey) oversight
Frequently Asked Questions
Is Bitlo a scam or legitimate?
The record clears Bitlo. It holds VASP (Turkey) registration, and VASP (Turkey) ranks among the most respected financial regulators, the entry confirms in public on the VASP (Turkey) register.
How do I check Bitlo's VASP (Turkey) licence?
Open the official VASP (Turkey) site and run its register search. Search for the entity name; the entry returns Bitlo's authorisation status and the exact scope of its permissions.
Are my funds safe with Bitlo?
Under VASP (Turkey), Bitlo is required to hold client funds in segregated bank accounts, walled off from company money, cover that stands even if Bitlo runs into trouble.
What protection do I have as a Bitlo client in Turkey?
In Turkey, Bitlo answers to VASP (Turkey). On the record that means segregated client funds, negative balance protection (losses cannot run past your deposit), and a direct channel to file a complaint with VASP (Turkey).
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