In the virtual world of cryptocurrency, you can never be too cautious. Especially with the bitcoin craze going around lately. One of the risks of investing in cryptocurrency is the possibility of running into scam sites aiming to fleece you off your money. One such site is the BTC Amazing (Bitcoin Trade Ltd) which claims to be involved in mining and trading of cryptocurrencies including Bitcoin, Litecoin, and Ethereum
But first things first.
How To Identify Bitcoin Scammers
There are several ways that you can identify a far from genuine bitcoin site.
Scammers are posing as trusted companies and websites, using false web adverts and sending emails to investors to lure them to their fake sites.
They claim to double your bitcoin in a day or two if you send your money to them and reward you when you refer others to join using your affiliate link.
Cloud Mining Scams-
If the company doesn’t clearly spell out the pool they use to mine, be very cautious.
BTC Amazing Bitcoin Website To Earn Profit Red Flags
BTC Amazing Ltd could be all the above.
First, a quick google search of the address posted on the website shows the company status as dissolved. The company is dormant and had two directors one of whom had his appointment terminated. For a company claiming to be a “successful investment company” you’d expect it to present a strong team behind its success. As it stands, BTC Amazing has no team. And its total net worth is estimated at 1 pound!
Secondly, the company claims to double your bitcoin every few days but does not give a clear roadmap on development goals or funding for you to see. A quick mock registration swiftly presents you with a typical referral link- btc-amazing.com/?_from=1772 – which Ponzi scams are famed for.
Lastly, if you have a knack for professionalism, you will quickly notice that the website is poorly done and the grammar is too sloppy for a company claiming to be based in the UK.
And you know what they say “if it walks like a duck, quacks like a duck then it probably is one.”
As an investor tread carefully with the BTC Amazing (Bitcoin Trade Ltd). Better be safe than sorry.