BTCWorld Review – Is BTCWorlds.net a Leading Exchange?

BTCWorld, a website found at btcworlds.net, claims to be “the world’s leading digital currency exchange,” allowing clients to trade crypto “anytime anywhere,” covering more than 200 countries around the world. However, this is a very new website. How can they already claim to be the world’s leading exchange? Something smells funny about them, which is why we have decided to write this BTCWorld Review.


Lost Money to a Scam? Make Sure to Check Our Recommended Scam Recovery Services

BTCWorld Review – What is BTCWorld?

The services BTCWorld offers include:

  • Products, such as one-click copy trading, trading without converting tokens, and USDC margin support.
  • “Industry-leading Security” – including risk control with hot and cold wallet segregation
  • “Excellent Customer Service” – with 24/7 multilingual support and 1-on-1 support for VIPs
  • Their “Dedicated Derivatives Exchange” is a self-developed trading pairing system.
  • They claim to be licensed in the USA, Canada, and Australia and to adhere to “strong regulatory standards.” They also claim to be listed on CMC and CoinGecko.

Next, on their homepage, there is a news section, however Read more links do not work.

They also claim to offer apps for iOS and Android, but the apps are not listed on the AppStore or on Google Play. They just offer download links.


Want to be kept updated regarding scams?

Get instant emails when we publish new scam warnings!


Never download apps from websites you do not trust as they can infect your devices with malware.

Who is Behind BTC World?

No information is provided on the website. There isn’t even a contact us page, just a link to live chat and an email address: info@btcworlds.net.

On the About page they say that

CNCIntel Banner

BTCWorld was established by a group of blockchain enthusiasts with a goal of providing complete financial services for the currencies of the future.

They are dedicated “to providing safe, convenient, and diversified services to meet all crypto needs, including trading, investing, purchasing, staking, borrowing, and more” and advocate “a low-threshold, low-cost and easy-to-understand approach to allow users to take the first key step and realize simple and fast investment operations.”

Absolutely no useful information about the company or people running this website. No company name, registered address, telephone numbers, LinkedIn profiles, or even names.

BTCWorlds.net Review – Domain Information

The domain btcworlds.net was registered on August 5, 2022 for one year via the NameSilo, LLC registrar. The information regarding ownership is hidden by a privacy service.

So obviously this is a very new website, which has been online for just over 3 months.

According to SimilarWeb.com, as of October 2022, they are ranked 12,519,407 globally and 3,425,733 in the United States.

Semrush gives them an authority score of 1 and reveals they have 52 backlinks, but none of them from any legit or trustworthy websites.

BTCWorld Review - Screenshot of BTCWorld.net Homepage


Want to be kept updated regarding scams?

Get instant emails when we publish new scam warnings!

CNCIntel Banner

BTC World Review – So is this a fraudulent website?

The sloppy design of this website points out that it was created by non-professionals.

ZenGo Wallet Banner

To bring just a few examples, in addition to those news articles not opening as we’ve said above, the whole About page and legal documents are unoriginal and taken from other websites.

For example, in the About page, we already quoted their opening sentence: “BTCWorld was established by a group of blockchain enthusiasts with a goal of providing complete financial services for the currencies of the future.”

This original sentence was “Bitrue was established by a group of blockchain enthusiasts with a goal of providing complete financial services for the currencies of the future.”

So obviously this sentence, as well as others and perhaps the entire concept behind this website, were taken from Bitrue.com.

Other parts of their About text were taken from Plus500bi.com. For example the text: “With the development of blockchain technology and the popularization of artificial intelligence technology, more and more users have an investment demand for digital assets, but due to the high entry threshold, zero-based users have no clue after the initial contact.” As well as most of the rest of the About text.

Other websites they have taken contact from include this SnapEx blog post, btccoins-contract.com, and amgpcloud.com.

Interestingly, much of their text only appeared on the site, now defunct, crypto-thailand.online.

Btccoins-contract.com and amgpcloud.com are also defunct websites that seem to have been scammy.

The site plus500bi.com is a site that look like it’s still under construction.

CNCIntel Banner

The news snippets we mentioned on btcworlds.net, by the way, are also fake. For example, according to the first news snippet,

Leading global cryptocurrency exchange BTCWorld announced the platform’s derivatives trading volume reached an all-time high of $8.69 billion as of Feb. 28, 2022 — more than 300% compared to the previous year. BTCWorld is also ranked fifth globally in terms of its trading volume, according to CoinMarketCap.

However, a quick search reveals that the original text is:

Leading global cryptocurrency exchange Bitget announced the platform’s derivatives trading volume reached an all-time high of $8.69 billion as of Feb. 28, 2022 — more than 300% compared to the previous year. Bitget is also ranked fifth globally in terms of its trading volume, according to CoinMarketCap.

And the other news snippets are also taken from CoinTelegraph.com press releases regarding Bitget.

BTCWorlds.net Reviews

By now, we are pretty sure that BTCWorlds.net is a SCAM. Still, let’s take a look at what others are saying about this website.


Want to be kept updated regarding scams?

Get instant emails when we publish new scam warnings!


Search Google for “btcworlds scam” and btcworld scam” doesn’t bring up many relevant results.

We were only able to find another btcworlds.net review, which also came to the conclusion that BTCWorld is a scam.

Other than that, there’s Reddit thread, which was posted 23 days ago, with the title “btcworlds.net withold withdrawal due to tax – Need some advice.”

CNCIntel Banner

The person who posted this writes that his friend invited him to the use the platform at btcworlds.net.

After trading for a few days, he made some gains and wanted to check if he is able to withdraw his earnings.

ZenGo Wallet Banner

However, when he requested to withdraw his funds from the platform, his request was rejected.

He spoke to customer services and they told him he needs to pay a tax of 22% on his earnings. They gave him a warning, he relates, and told him that if he did not pay the tax in 48 hours, they “will start adding 3% on the total tax daily as a fee.”

He asks the community if they think it’s a scam.

One person replied saying “That’s scam, it happened to me and lost 15,000usd.”

We contacted the BTCWorlds.net customer support live chat and asked for their address and telephone number. They replied:

Hello, our company address is at 20-22 Wenlock Road, London, England, N1 7GU

We then asked if they have any comment about that Reddit complaint and they closed the chat session.

By the way, we did check the address they provided, but could not find BTCWorld on the Google Maps listing for this address.

BTCWorld Review Conclusion

Thank you for reading our BTCWorld review!

CNCIntel Banner

While BTCWorlds.net is not promising any exceptionally high yields or anything that seems too good to be true, and they are not involved in crypto mining, we have come to the conclusion that BTCWorld is a SCAM!


Want to be kept updated regarding scams?

Get instant emails when we publish new scam warnings!


First of all, they claim to be regulated in the US, Canada, and Australia, but fail to provide any evidence for that.

They also do not provide any verifiable information such as a company name, registered address, or a telephone number.

Also, their website is poorly and unprofessionally made and parts of it are stolen from other sites.

Additionally, they offer apps which are not on the AppStore and Google Play, which are possibly malware and trojan horses.

By the way, remember how they claim to be listed on CMC and CoinGecko? That’s a lie. We checked and they are not listed on either coinmarketcap.com or coingecko.com.

Finally, we have found complaints that suggest that the way the BTC World scam operates is by showing profits on client accounts but only for the purpose of squeezing from them additional funds in the form of taxes. And when we confronted them about this, they chose to simply disappear, like they will probably do when victims refuse to pay the taxes.

CNCIntel Banner

A legitimate platform will never ask for a tax or fee, as they can simply reduce any fees from the withdrawal amount.


Lost Money to a Scam? Make Sure to Check Our Recommended Scam Recovery Services

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *