Cryptocurrency Trading Risks
Crypto trading is risky if you deal with scammers. They rely on crypto anonymity, hope you won’t find them and get your money. There is a solution to this problem.
What are the risks of crypto trading?
The global crypto market capitalization is $1.08T. It is one of the largest markets in the world, attracting investors and fraudsters. After Bitcoin’s record price of $65,000, you can see the hype and crowdfunding of all cryptocurrencies.
At the same time, many entities were closed and regulators filed reports against fraudulent trading firms and people abusing the crypto market. Trading any asset, including cryptocurrency, involves risk. When you open the trading platform, you will know about the risk of investing in CFDs and 71% of retail traders lose their funds. Besides market volatility, fraudsters are the biggest risk. You can always fall into the hands of illegal crypto trading brokers and lose your digital goods.
According to the SEC, people will lose $575 million to crypto fraud in 2021. That’s why we’re here. Our mission is to help you recover your crypto and find the culprit.
How do crypto scams work?
If you’ve ever shopped online, you’ve come across a variety of scammers. This person is very inventive. They can make a great story by saying all the right things to convince you to invest.
On the other hand, due to its anonymity, criminals have started using crypto payments as a tool. Bitcoin is a new trend, and people involved in extortion, theft, identity theft and other crimes ask for money or diamonds. Kidnappers in at least 12 countries around the world are demanding payment in BTC.
You may have heard of ICO – Initial Coin Offering. When the crypto trend is just starting, people are looking for the next Bitcoin. On the other hand, scammers seem to offer it. You will be the first to receive a new coin that will be more valuable and share the stake.
A Fake Crypto Exchange
Binance, Coinbase, etc. When you have a lot of big names in the exchange game, you have a lot of players trying to compete. Sometimes these small players offer better rates to attract more investors. However, sometimes these small players fake exchange waiting for someone to pay them and disappear. Since the crypto market is not yet fully regulated, it is flooded by the internet.
Got scammed online?
We are here for all of you who are victims of all kinds of online scams. Our team is ready to track your money and return you what is rightfully yours, no matter how dire the situation.