EBUEY apparently is a trading/investment portal designed for the masses. They boast about being regulated and secure. Sadly, if you spend a few minutes doing due-diligence, you will find out that most of the things they say are absolutely false.
Funnily enough, they even claim to feature 2 FA authorization and cold storage of assets. However, when it comes to proof or maintaining transparency, they go completely silent. Go over the factors below to know about other aspects of this platform and then take an informed decision.
What is EBUEY?
EBUEY pretends to be a sophisticated cryptocurrency trading and investment portal. They flaunt things like 2FA and other security measures and appear to have high standards in terms of security. However, if you start going through the layers of smoke and illusion, things get dark.
For example, they don’t have any legal certificates and user feedback about them is nerve wracking to say the least. While low fees and quick execution is what everyone is looking for, never stray away from the legality aspect. After all, if the funds aren’t safe, what is the point of investing or trading?
EBUEY Red Flags
This platform showcases tons of red flags. Starting from the lack of necessary compliance and regulation. They claim to be a safe and regulated entity. However, if you search their name on the database of the regulators, nothing relevant shows up. In fact, they have few warnings from reputable agencies.
Clearly, they are bluffing about their core existence and as such, they will flee away with the cash sooner or later. Secondly, the management is basically a ghost and the creators of the platform have taken steps to maintain anonymity. Lastly, user feedback is too negative and the plight of victims cannot be explained in mere words.
Scam or Legit?
The above question is a rhetorical one. Just to keep things in black and white, EBUEY is a scam and there are no second thoughts about it.
As the facts are clear as day, everyone should avoid them or they will face the consequences in due time. Do yourself a favor and never entertain any unregulated firm as a rule of thumb.
Conclusion
As fake crypto exchanges are on the rise, be cautious while interacting with any exchange in this space. While few enticing things may be featured by these platforms, check the regulatory status.
If they don’t have one, then walking away should be your next and only move.
