Kywall.com Review – Is It a Scam?

Kywall.com is a fake cryptocurrency trading platform that fails to deliver its promises. Despite claiming to provide 24/7 customer support, users report significant issues with accessing proper assistance. Additionally, many users are facing problems with withdrawing their funds. If you are considering trading on Kywall.com, we strongly recommend reading our review to understand the risks and issues associated with this platform.

Kywall.com Review

Kywall.com started on February 25, 2024. Upon deeper investigation, we discovered several identical copy websites, including wap.kywall.co, indicating a broader scam operation. The platform falsely claims partnerships with reputable companies such as HYPER PAY, BITKAN, COINMARKETCAP, and ALCOIN. These claims are entirely fabricated, further highlighting the platform’s deceptive nature.

For a detailed analysis and hosting information, we strongly recommend reading the forum posts on scamcrypto.net, which provide extensive insights into the fraudulent practices associated with Kywall.com.

Service Turnover Claim on Kywall.com

Kywall.com displays a misleading claim of $263,275,983.96261 USD in cumulative service turnover for the past 24 hours. This figure is intended to impress users and visitors, suggesting high activity and reliability. However, our investigation into the website’s traffic reveals that it has very few visitors, and given its recent launch date, such a high turnover is implausible. These exaggerated claims deceive potential investors about the platform’s success and credibility.

Users Review 

1. Mark Riffs

Warning! This company is 100% SCAM

I completed their offer, followed the rules and did everything by the manual.

They didn´t even bother to solve why I wasted my time and money and got nothing in return.
Here´s their answer to my support request:

“Our best suggestion to you is to remove the offer completely from your device, and retry it again, or alternatively skip on it.”
So basically their message is: “We already got your money, so get lost:”

Date of experience: May 09, 2021
Source

Red Flags on Kywall.com

1. Unrealistic Turnover Claim: Kywall.com falsely claims a cumulative service turnover of $263,275,983.96261 USD in the past 24 hours. Given its recent launch and low web traffic, such figures are highly implausible and clearly designed to mislead potential users about the platform’s success and reliability.
2. High Risk of Scam: Numerous user complaints highlight significant financial losses after using the platform. Users report being unable to withdraw funds despite their accounts showing available balances, a tactic commonly employed by fraudulent websites to trap and exploit victims.
3. Unregulated: Kywall.com operates without any regulatory oversight. This lack of regulation means there is no assurance of the platform’s integrity or security, exposing users to significant risks and potential financial loss.
4. Poor Customer Support: Despite claims of 24/7 customer support, users report significant difficulties accessing proper assistance. The inadequate customer service further erodes trust in the platform and suggests the company’s lack of genuine commitment to addressing user issues.
5. Hidden Owner of the Website: Kywall.com’s ownership is obscured, and there is no clear information about who runs the platform. This lack of transparency is a significant red flag, as legitimate businesses typically provide detailed information about their ownership and management to build trust with their users.

Complaints We Received

On September 9, 2024, we received the following complaint from a person who reported being scammed for $900:

I deposited $800 into the Kywall platform and then $100 into Flag, both times with their assistance. When I tried to get help with a withdrawal (even though they told me I could at any time), the assistant on Kywall stopped responding to my messages. The assistant on Flag told me she doesn’t teach how to make withdrawals. Then, that very same day, in the middle of a trade, they closed it on their end, causing me to lose all the money I had put in ($100) and the nearly $300 I had accumulated through their trading signals. After that, the assistant also stopped responding. I can still access the platforms and the chat groups, but they are still scamming people. On the Kywall platform, I get an “address format error” when transferring, but I’m unsure if I’m even doing it correctly.

Unfortunately, it seems this is a classic case of fraudulent behavior by a scam platform, where withdrawals are blocked, and communication ceases once funds have been deposited. Based on the details provided, it is likely that Kywall is intentionally preventing access to the funds, a tactic typical among fake cryptocurrency trading websites.

To move forward, it is recommended that the following steps be taken:

1. Stop all communication and transactions with Kywall and any related platforms, as they are likely operating fraudulently.
2. Document all interactions, including messages, transaction details, and any evidence of promises made by their support team. This information will be crucial if further action is pursued.
3. Report the platform to the relevant authorities, such as local financial or consumer protection agencies. This can help raise awareness and prevent others from falling victim to the same scam.
4. Consider seeking professional assistance for asset recovery. Companies like CNC Intelligence specialize in helping individuals recover funds lost to online scams. They can assist in tracing the funds, though success will depend on various factors.

Review Conclusion

Kywall.com presents itself as a reliable cryptocurrency trading platform, but a closer examination reveals numerous red flags. The unrealistic turnover claims, high risk of scams, and lack of regulatory oversight are significant concerns that cannot be overlooked. Users have reported considerable financial losses and difficulties withdrawing funds, highlighting the platform’s deceptive practices. Additionally, the poor customer support and hidden ownership further undermine its credibility.

These issues collectively suggest that Kywall.com is not a trustworthy platform for cryptocurrency trading. Potential users should be cautious and consider more transparent, regulated, and reliable alternatives. Protecting your financial assets should be a priority, and avoiding high-risk platforms like Kywall.com is a crucial step in that direction. For a safer trading experience, opting for platforms with a proven track record of security, transparency, and user satisfaction is advisable.

If you are a victim of online scams, please let us know by commenting below. Do not lose hope if you have lost a significant amount of money. We can help you recover your funds!