Recently, Bitcoin.com warned its readers about scammers, such as The Bitcoin Code. This post triggered a great number of comments revealing other fraudulent websites and services that allow users to “invest” in Bitcoin. So here, we are going to take a closer look at such platforms and provide advice on how to detect scammers before falling victim to their tactics.
Tips on Detecting Scammers
The most dangerous time for ordinary users comes when the price of Bitcoin is high. Why? Because of the increased interest scammers can easily deceive deluded people in order to steal all their crypto.
The first and most obvious tip is the easiest to remember: if it seems too good to be true, it is surely a scam. In order not to end up being broke while trying to become a millionaire in 10 seconds, let us show you some of the most popular cons.
Most scammers use the same pattern to entice their victims:
- Surprise potential clients with a lucrative offer of unrealistically high profits.
- Ask victims to provide their email or Bitcoin address to seem more legitimate.
- Get the first and, obviously, last deposit from the client.
Let’s take Bitcoindoubler.club for instance. The idea of the project simply screams “scam!” It seems impossible to double the amount of Bitcoins in a day and still remain a free service. The website states the following idea that highlights its fraudulent nature:
“We produce Bitcoin mining machines that work extremely high levels.”
This phrase is very ambiguous and meaningless. Also, pay attention to the low level of English that looks even more ridiculous because of the grammatical mistakes:
“Yes you did not hear wrong, now this service is still paying. Surprisingly, you cannot experience unwanted events. Remember, our goal is to please you.. There is no better advertising marketing than this. Attention: There are many similar sites on the market. Ignore them! Check your address bar! It is a certified and verified system!”
This platform claims that losing is impossible. Although most investors know that losing is an indispensable part of investing. In order to “double” your funds, you need to pay a deposit of at least 0.003 BTC, which will be lost after paying.
Wintrust Expert Options
This fraudulent platform claims that they provide “beautiful managers in video chat,” which already points out the fact that they are scammers. Obviously no big exchange or crypto service provider would use such a marketing technique to attract clients.
However, this site is different from the first one as it claims to offer greater profits lightning fast:
“Invest and earn up to 95% in 60 seconds.”
While websites use different sales tools, like how Wintrust is focused on trading and Bitcoindoubler.club is focused on some strange, extremely powerful mining ability, the con is always the same: a person registers, gives money to a platform, then that platform is gone forever.
As the website news.Bitcoin.com tried to approach the Support Manager, that should be available 24/7, in order to ask about a platform demo there was no answer.
Orelex
This service makes use of stock photographs, which is a typical trait of scammers.
On the “Orelex Financial Services” website there is a stock picture that can easily be found with the help of a Google search. It proves that the image with the “Orelex team” on it was Photoshopped.
The platform claims that “Sustainable Earnings = Master Business Plan X Customer Certainty.” It also contains several grammar and spelling mistakes, which is typical of scammers. But if that doesn’t convince you, pay attention to the customer reviews. If the users say something like “everythin is good” and all the comments are pretty much the same, you should start getting worried. Especially if their social media presence doesn’t exist. To cut a long story short; if you don’t want to be fooled, stay away from such websites.
Miningcheap.io
Pretending to be a mining pool is a common scam. Surely mining can bring profits, though we all know that it’s not easy and requires no small effort. For this reason, such websites can be exposed in the same way as they promise fast and easy money using ambiguous statements in order to deceive those who aren’t familiar with the topic or haven’t done enough research.
The platform claims to be “an industry leading Bitcoin mining pool,” but if you do your homework you’ll notice that it can’t be found among popular Bitcoin pools. The website makes attempts to combine gambling with mining, as it gives those that make a deposit “free spins”. There is a great number of similar fraudulent mining pools, and for this reason it’s important to be aware of the tricks they use to deceive miners and have critical thinking in order not to get taken in. Following the example of other scammers, Mining Cheap asks people to register, make a deposit, and then wait forever as the returns never come.
Cryptomia247
Cryptomia247 is a fraudulent trading platform that promises quick enrichment that will lead to a luxurious and carefree life:
“After you have made a deposit, there is nothing else to do except watch your earnings grow in your account every day. This can be fun, because it means you can be anywhere you want to be in the world, and your capital will still be growing in your account every day, even without you doing anything!”
It works using the same technique: sign up, pay, lose money. The hints like grammar mistakes, ridiculous English, horrible website, and dead links continue to give the game away.
Pay Attention to the Details Unfortunately, no one on the Internet can create a list of all the existing crypto scammers, since new ones pop up every day. Those who are into crypto investment will do their best to look through the site offering great profits without any actions carefully as they don’t want to become victims of such scammers: investing in scams and hoping to double your funds without any effort won’t lead to a luxurious lifestyle.
It’s great that there are many really safe investment, trading, and mining opportunities, but you still need to work hard and do some research in order to achieve success.
Stay away from scammers - choose BitForex!