About us. Founded in , BTC Trade is a Indian asset management company, by portfolio managers have on average, 10 year's experience trading and managing portfolios of structured products, firm that invests pooled funds from clients, putting the capital to work through different investments including stocks, forex, crypto, real estate, master limited partnerships, and more. Apr 29, · The FTC uses the information it gets from people who report scams to keep close watch on trends, so we can alert you to changes. Here’s one: reports of Bitcoin blackmail scams have taken a big jump in the last few weeks. The emails say they hacked into your computer and recorded you visiting adult websites. They threaten to distribute the video to your friends and family within hours, unless. Some exchanges will send you a text message or email to confirm a login. Other exchanges let you set up 2FA for every time you make a trade. Hodl: Hodl or hodling refers to the crypto investment strategy of holding crypto assets through all market conditions. Bitcoin has risen and fallen numerous times, but hodlers have been able to survive the.
Btc trade text messageBitcoin Chart Analysis: How to Trade Bitcoin Using Charts - Master The Crypto
Also the system generates the pin code which you will use for confirmation of your transactions on the exchange. After deposit in cryptocurrency or Ukrainian hryvnia you are offered to start trading. In this section there are also panels with transactions history for the last 24 hours, open for the current deal moment, statistic about traders which are online, online-chat and Twitter.
Since day one the exchange BTC Trade UA demonstrates the upward trend in trade value — this figure is over dollars daily. The service developers canalize their energies on extending the list of resource services and creation of comfortable conditions for traders: there is the mobile application for Android and iOS available, an affiliate program designed, which allows to earn up to 30 hryvnia for one customer attracted.
All this makes the platform one of the leading ones. Please note that the developers of BTC Trade UA designed not just the exchange, but crossplatform services for cryptocurrency transactions.
The design intend of this product are used on other similar resources. Ukrainian hryvnia UAH is the fiat currency used in pair with tokens. There is no need for verification, so you may deposit right after the registration of personal account. After you declare the sum and the system generates automatically the address of a crypto wallet it works just for 2 hours , where your payment will be credited.
Then you need just to confirm the payment. A point to keep in mind is that the platform blocks withdrawal of both fiat currency and tokens for 1,5 days automatically. The exchange BTC Trade UA may be defined as a simple and convenient trading platform offering users cryptocurrency pairs with Ukrainian hryvnia.
Since day one the platform managed to prove the status of reliable service and demonstrates the daily stable trade value, even not too high, and yet, over dollars. The company representatives put efforts to promote the cryptocurrency in Ukraine and give exposure of CIS traders to the resource.
For this to the list not only main tokens were included, but also rare national ones, too: Sibcoin Russia , Karbowanec Ukraine , Taler Belarus. The most serious ones generating doubts concerning the platform safety were 2 hacker attacks resulted in unauthorized access in The sum the hackers withdrew from the platform was around 20 dollars.
However despite of such round figures for the relatively small crypto exchange, these means were returned to their owners the platform creator Bogdan Chaika paid them himself. To increase safety by withdrawal the strong authentication or the request through e-mail can be adjusted. Each user has PIN of the system to be put activating transactions.
Another issue about BTC Trade UA is considered to be the website with no Ukrainian language support taking into account that the platform is registered in Ukraine. There are no announcements about adding these currencies, but there is no problem to convert the rubles into hryvnia and deposit them.
Follow us to be well informed:. After those two unauthorized accesses the developers strengthened the platform protection, putting the main focus on its safety.
Each user gets an unique PIN by registration, which is supposed to be used performing any monetary operations with the service. The extra safety level is provided due confirmation of currency withdrawal through e-mail. Setting the two-factor authentication of Gmail is also recommended.
This operation takes just a few minutes and makes your personal account secured from hacker attacks. The platform shall be obligated to keep the personal information submitted by users and transactions data in the exchange environment. This indicates that a website is secure. If so, it could be a fake. Does the site feature bad grammar, awkward phrasing or spelling mistakes? Does the website promise abnormally high returns?
This should raise a big red flag and is a common indicator of a scam. Does it show the real people behind the company? Does it provide any details about where the company is registered? Do legitimate, reputable websites link to this site?
This could indicate that the site is trusted and respected. What do other users say about the website? Are there any negative reviews and, if so, what do they say? The crypto community is usually pretty quick to spread the word about scams. Who is the registered owner of a domain or website? Is the owner hidden behind private registration? Has the domain been registered for less than six months? Is there anything else about the website that raises red flags or just seems too good to be true?
Does the website claim any celebrity endorsements? Many investment scams use fake celebrity endorsements to get people to lower their guard. Did you first hear about it on social media, or did they approach you first? Social media and unsolicited messages are common ways for scammers to reach new victims. The important thing to remember is to do your due diligence before providing any personal or financial information to any website or app.
This email contains a link that takes you to a site that looks almost identical to the exchange or wallet you usually use, but is actually a scam site.
Once you enter your account details on this unofficial page, the scammers have everything they need to log in to your real account and steal your funds. In a similar vein to phishing scams, keep an eye out for fake Bitcoin exchanges. Some will entice users with promotional offers that sound too good to be true. But once they have your money these platforms might charge ridiculously high fees, make it very difficult to withdraw funds or simply steal your deposit altogether.
These apps have even made it into official, legitimate app stores like Google Play, so it pays to do your research before downloading anything to your phone.
By posing as a legitimate exchange and passing itself off as a branch of KRX, a large and reputable trading platform, it was able to ensnare innocent users. See our vetted list of legitimate cryptocurrency exchanges. Poloniex is a large, prominent and legitimate crypto exchange.
However, in it was the target of a sophisticated scam that saw at least three fraudulent Poloniex trading apps listed on the Google Play store. These apps asked Poloniex users to enter their account credentials, thereby giving fraudsters a way to perform transactions on behalf of users and even lock victims out of their own accounts. Cryptos may be based on new technology, but there are still plenty of scammers using old tricks to con unwitting consumers. The classic example of this is an unsolicited phone call or email from someone claiming to be with the IRS.
Seduced by the astronomical price rises Bitcoin has experienced since its inception, many everyday consumers venture into the world of cryptocurrency looking for the next big thing. And if you want to get in on the ground floor, the easiest option for the average person is to buy coins or tokens in an ICO. Both were later shown to be multi-level marketing MLM scams.
One common variation of this scam arrives in the form of an unsolicited email, where the sender claims to be a hacker who has accessed your PC. The emails promise to send the incriminating evidence to all of your email or social media contacts unless you send some Bitcoin to the blackmailer, and will typically include instructions on how to purchase Bitcoin and where to send it. The scammers will often promise to send back double what you send them.
Although especially prominent on Twitter, this scam has also appeared on platforms including YouTube, where scammers will impersonate a celebrity in a video or livestream.
After seeing all the apparently free money being given away, victims race to send money to the scammers before they have time to think it over. The scammers obtain this by taking over verified accounts and then changing the names. Similarly, scams will often have thousands of likes, views, retweets or other types of social proof.
A Ponzi scheme is a simple but alarmingly effective scam that lures in new investors with the promise of unusually high returns. These initial investors receive what they believe to be returns, but are actually payouts from the money deposited by newer investors.
Now satisfied that the scheme is legit, those investors who received payouts pump more of their money into the scheme and encourage others to do the same. Sooner or later, the scheme collapses when the promoter runs off with the money or it becomes too difficult to lure new investors.
In January , Bitcoin investment lending platform Bitconnect shut down its lending and exchange services amid allegations it was a Ponzi scheme. Malware has long been a weapon in the arsenal of online scammers. Rather than stealing credit card and bank account details, crypto-related malware is designed to get access to your web wallet and drain your account, monitor the Windows clipboard for cryptocurrency addresses and replace your legitimate address with an address belonging to a scammer , or even infect your computer with a cryptocurrency miner.
Cloud mining allows you to mine cryptocurrencies like Bitcoin without having to purchase the expensive hardware required to do so. There are several legitimate cloud mining services that let users rent server space to mine for coins at a set rate. There are also some legitimate ways to invest in Bitcoin mining companies and share profits from them. However, there are also plenty of cryptocurrency mining scams out there.
Some promise astronomical and implausible returns and fail to disclose a range of hidden fees, while others are fronts for Ponzi scams and are simply designed to part you from your money. This is where large groups of buyers target an altcoin with a small market cap, buy that coin en masse at a particular time to drive its price up which attracts a whole lot of new buyers fueled by FOMO — a fear of missing out and then sell to take advantage of the significant price rise.
This sort of thing is illegal in traditional securities markets, but is a common occurrence in the largely unregulated world of cryptocurrencies. On closer inspection, the Twitter account was revealed to be bogus and not associated with McAfee at all. This is true for all international scams, but cryptocurrency in particular is especially difficult to recover. To help spread the word faster, you can also report specific types of scams to the relevant agencies.
Storing your crypto offline in a secure physical cold wallet is usually considered to be a much safer option than using an online wallet. Avoid new and untested platforms. You need your private key to access your crypto holdings, so make sure you never disclose any of your private keys to a third party.
Tim Falk is a freelance writer for Finder, writing across a diverse range of topics. Over the course of his year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas.
Details on the most common scams to avoid during the coronavirus health crisis, plus tips for keeping your information safe online. How does Bitcoin compare to gold? Here we compare scarcity, practical applications and the culture of value that surrounds each. Getting started with Aeon? Read our Cointree cryptocurrency exchange review to find out how it works and what you need to know before signing up.
How can I know if the website cryptostats. Please note that we are a comparison website and we can not vouch for a company as we do not represent any of the providers on our page. I invested R and got a profit of R in one week, someone who said he will help is the one who told what to do and I did as he instructed me. He sent me a link I should use to send money into from my trading account. From your statement above, it looks like the person you transacted with used old school scams to fish off money from you.
However, no one will know of its legitimacy until proven. Rule of thumb, be safe, do research and always transact with known reputable companies, not with people who just randomly emailed, called or messaged you on a social media platform.
I have a person emailing me masking their email as their own. Can we locate who they are with the BTC address? Yes, there is a way for you to locate someone using their BTC address. You may need to contact local law enforcement for further assistance on doing this. Hope this helps! I would like to report a fraud company called Spring Investment. I invested with this company called Spring Investment.
They said they been around for 3 years there located in Los Angeles, California. Thanks for getting in touch with Finder. Their website is also secured.
They have live chat support as well as contact us page. However, these do not guarantee that they are legit. You would need to make your independent research on this, Reggie. Moreover, I would highly recommend as well that you read the guide above to know how to spot common scams when you see them. I hope this helps. I signed up with one company,of investing bitcoin,they have a plan, I started with plan 1 which you invest 10usd by bitcoin after 24hrs — after 2weeks I withdrew 35 usd, I remove my 10,and continue with their money.
I withdrew again and again. Now I have usd on that account, when I try to withdraw they said you have to upgrade. You can withdraw all money — is it true?????? It seems like you are looking at a page for bitcoin common scams. AS we know, cryptocurrency does have a lot of process involved once you have invested on it. For this matter, they might need more information on what is evidently happening to your money and or investment.
We recommend for you to contact the company where in you invested the bitcoin. They might have a customer support team who can help you about your concern and discuss with them in detail what is happening to your coins. Would you need additional assistance please feel free to chat with us using the chat box at the lower right hand corner of the page. Thanks for getting in touch with finder. I know that being scammed is not a pleasant experience.