Wednesday, February 19, 2020

Top 3 Fake Bitcoin Trading Sites You Should be Aware of

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Elizabeth Jamie
Jamie Elizabeth is a Mass Communication Graduate from the Philippines, knowledgeable in the field of cryptocurrencies, blockchain etc., currently enjoying freelance writing, and able to write anything under the sun.

Bitcoin trading continues to be a great way of investing your money anywhere you are. However, due to its “too-good-to-be-true” fantasy, the tendencies of training bitcoin traders to be a victim of “crypto phishing” and scams also doubled over the decade.

How many bitcoin traders get victimized with scams?

In 2018, roughly $1 billion worth of cryptocurrencies have been stolen by fraudsters during the year’s first two months.

Another report said that 95 percent of crypto trading sites available today are fake and scams— this is how the age of cryptocurrencies continued to be a source of different financial scams experienced by traders around the world.

Luckily, Bitcoin.com released a list of bitcoin companies that everyone should be aware of in order to stop the widespread of crypto scamming in the industry.

Top 3 Fake Bitcoin Trading Sites in 2020

As reported, there are three main bitcoin sites accessible in the internet today that users must think about before investing. If you want to know their similarities, all of them ended up giving deals that are too good to be true– or just way unimaginable.

Scam: Bitcoin Code

If you search for the word “Bitcoin Code” in Google, lots of reports tell you that this trading site is surely a scam.

Bitcoin Code— just like the normal scamming bitcoin sites– offers guaranteed gains for its investors. For example, this trading site will force users to invest a minimum amount of $250 and above and gain triple profits amounting to more than $10,000 in only 24 hours.

When its too easy money, you might be in trouble!

Another scam: Bitcoin Doubler

Unlike Bitcoin Code, this other bitcoin trading website called “Bitcoin Doubler” is only featured on other ‘affiliate’ websites.

If you happen to enter on these sites, be aware! Those might be scam. Sites like multiplybitcoin.net asks users to enter their email address, bitcoin address, and other contact information. After you’ve done this, the website will tell you that big returns awaits for you in only hours.

If you happen to sent your bitcoin on these sites, don’t expect anything in return.

Third scam: Bitcoin Trader

“For a limited time only!” or “Time’s running out!” — these are the common red flags in order for you to know whether a website is legitimate or not when it comes to trading cryptocurrencies.

Both of these sentences can be found on another “auto-trade” bitcoin site called Bitcoin Trader. Just like Bitcoin Code, this website also forces its users to send deposits at their account and a promised “instant money” will be sent to the victims.

As usual, the “money-guaranteed” phrase no longer works on Bitcoin Trader.

 

 

 

 

 

 

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