What is btctradedfunds.com?
Btctradedfunds.com claims to offer comprehensive solutions for trading and mining cryptocurrency, including selling crypto mining equipment. They present an appealing opportunity for those looking to venture into cryptocurrency mining. However, before you decide to invest your time and money into trading or mining with btctradedfunds.com,
We strongly recommend reading our detailed review. Our investigation illuminates several critical aspects of the platform, ensuring that you make an informed decision and avoid potential pitfalls.
Third-party App
Btctradedfunds.com claims on its website that its app is available on both the Google Play and App Store. However, our investigation reveals that the app is unavailable on either platform. This significant discrepancy raises serious concerns about the safety and legitimacy of btctradedfunds.com. If the platform cannot deliver on its basic promise of app availability, other aspects of its operations may be misleading. Users should be wary of such false claims and consider the potential risks involved.
The app’s absence from these major stores suggests that btctradedfunds.com may not adhere to the necessary governmental regulations and user safety standards. This lack of compliance with industry norms is a red flag that users should not ignore. It is crucial to thoroughly research and verify any platform’s claims before investing time and money, especially when dealing with cryptocurrency and mining operations.
Major Red Flags on BtctradedFunds.com
- Unregulated: Btctradedfunds.com operates without regulatory oversight, raising significant concerns about the platform’s security and legitimacy. The lack of regulation means no accountability, increasing users’ risk.
- Third-Party App: Despite claiming that their app is available on the Google Play Store and App Store, our investigation found that it is not available on either platform. This discrepancy casts doubt on the platform’s credibility and reliability, suggesting they may not adhere to industry standards
- Fake Mining: Btctradedfunds.com offers crypto mining equipment and services, but there is no verifiable evidence to support the legitimacy of these claims. This raises the possibility that their mining services are fraudulent and that users could be scammed out of their investments.
- Fake Partners Claim: Btctradedfunds.com falsely claims partnerships with reputable entities such as Crypto News Point, WalletInvestor, Digital Notice, and Coinpedia.org. However, no verifiable partnerships with these organizations indicate deceptive practices that mislead users about the platform’s credibility.
- Payment Claim: Btctradedfunds.com advertises that it accepts payments via VISA, MasterCard, and bank transfers. In reality, it only accepts cryptocurrency payments. Fraudulent platforms use This common tactic to avoid chargebacks and enhance anonymity, making it difficult for users to recover their funds if they encounter issues. This misleading information further erodes trust in the platform’s legitimacy.
Payment Methods
Btctradedfunds.com advertises that it accepts payments via Visa, MasterCard, and bank transfers. However, in reality, it only accepts cryptocurrency payments. Fraudulent platforms commonly use this tactic to avoid chargebacks and enhance anonymity, making it difficult for users to recover their funds if they encounter issues. This misleading information further erodes trust in the platform’s legitimacy.
When investigating, we found a forum post on scamcrypto.net where several domain breakdown analyses revealed that btctradedfunds.com started in December 2013. We strongly recommend reading the forum post on scamcrypto.net for more detailed information.
Is Btctradedfunds.com a Scam?
When we started our investigation into btctradedfunds.com, we uncovered several red flags that strongly suggest it is a scam. Despite being a new platform, btctradedfunds.com claims to have over $10 million daily trading volume and five years of experience. However, there is no verifiable evidence to support these claims. The platform is unregulated, raising significant concerns about its legitimacy and user security.
Additionally, btctradedfunds.com falsely advertises the availability of its app on the Google Play Store and App Store, but our research found that the app is not available on either platform. The platform also makes dubious claims about offering crypto mining services without any proof of legitimacy. Btctradedfunds.com lists partnerships with reputable organizations like Crypto News Point, WalletInvestor, Digital Notice, and Coinpedia.org, yet these partnerships are fabricated
Moreover, while the platform advertises accepting payments via Visa, MasterCard, and bank transfers, it only accepts cryptocurrency, a tactic often used by fraudulent platforms to avoid chargebacks and maintain anonymity. Given these numerous red flags, it is likely that btctradedfunds.com is a scam.
Complaints We Received
On July 17, 2024, we received the following complaint:
I joined this platform last June: https://h5.btctradedfunds.com/ This is a scam, and I have around USDT 50,778 in their platform with no possibility for withdrawal.
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