Scams are everywhere online, and cryptocurrency exchanges are no different. As you consider investing in different startups and exchange platforms, be aware of the possibilities of losing your investments.
You may be following a tip from someone with a lot of expertise and still end up as a victim by accidently visiting a fake website. There’s a surprising number of websites that have been set up to resemble original, valid startup companies. If there isn’t a small lock icon indicating security near the URL bar and no “https” in the site address think twice. The same kind of caution is advised when searching for an app on “Google Play” or the “App store”.
Warning! Cryptocurrency trading is considered highly volatile and could end up with you losing your entire investment. Furthermore, agencies around the world are still grappling with the concept of digital currencies and do not have the safeguards required for proper, secure trading put in place!
How it begins
Similarly to Forex & CFDs and Binary options, the Crypto-scammers often advertise on social media or through a coordinated, well funded media campaign where the ads usually link to single page websites known as landing pages. On some occasions, the scammers will send emails en masse and follow up with those who reply.
One may quickly notice that a cryptocurrency-trading website will look very similar to the Binary Options scam; It may not surprise you to hear that many of the owners of Binary companies that were shut down chose to rebrand themselves and their companies as a cryptocurrency trading website. For more information on how these types of scams work click here.
Warning! Our clients report that even after they have lost all of the money in their trading account, following their account manager’s advice, they still receive incessant phone calls by other agents offering some bogus “recovery” plan that involves a new investment. If this has happened to you, we strongly advise to cease all communications with your “broker” and contact us immediately!
Be smart, it’s not over
The people who tricked you rely on your emotional engagement with their website and more importantly, they rely on you staying passive.
There are many things we can do to assist you in recovering your money, methods of claim-back that have stood the test of time; We will fight tooth and nail until you receive every dollar that is rightfully yours, back, be it through the banks, credit card providers or even the regulatory bodies responsible for safeguarding your finances back at home.
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