Bitcoin Scams

Bitcoin, the exciting new digital cryptocurrency, has become popular all over the world within a short time. Many people have tried their luck with Bitcoin, and some of them have been being able to make a profit and increase their wealth. A large number of people have invested significant amounts of money purchasing this currency in the hope of making a windfall. Unfortunately, some of these people have lost large sums of money because they fell victim to an online scam. In this article, we provide you with some information about recent Bitcoin scamming.

Fake Bitcoin exchanges

Because Bitcoin is traded online, it is difficult to monitor how the currency is exchanged between different people and customers. The internet allows anyone to create a false identity and, in this way, to scam innocent people into giving them their money. When you get to the point where you need to exchange your Bitcoins, make sure that the person you are talking to is a qualified economist. Ask to see certificates proving the legitimacy of the business in which they work. Check their reputation and the institution that qualified them to engage in economic activities.


The existence of the Bitcoin in these days and times, in a world of abundance, makes different people offer you help transferring your money between accounts. A large number of these people may be intent on taking your savings. They do this by offering you their services at a lower price than usual by presenting themselves as doing the service out of goodwill, to help someone having difficulty managing their Bitcoins by themselves. When you come across sites that offer a discount on their services, it would be wise to report them to the authorities. It is likely that these sites were created just to entice customers and then take their money from them.

Meeting in person When you are buying or selling Bitcoins in your country, the other party may ask you to meet them in person at a specific location. You should not agree to meet someone that you don’t know personally. Meeting someone you don’t know can end up with your money being stolen and maybe even bodily harm. Be aware and cautious of such cases.   

Forex Scams

The foreign exchange (or ‘forex’, as is it commonly called) trade market is the global market for trading one currency for another. Nowadays, many foreign exchanges take place online; therefore, online foreign exchange can lead to fraud. Because many people try to make a profit by investing their funds in foreign exchanges, these people sometimes fall victim to an untrustworthy company that takes their money. This article is written for those who want to try their luck in the foreign exchange trade market. We will provide information about different ways that can help you to identify potential fraud in the forex trade market.

Funds Management

Certain unreliable forex trade companies will create the illusion that there are easy ways to earn large sums of money within a short time. Usually, after a new client starts to work with these companies, their employees will ask the client to trust them and allow them to manage their investments, and will ensure them that these investments will definitely be profitable. Scamming occurs when the company does not manage your funds properly. We highly recommend that you search the company on the internet to make sure that it is not connected to any fraud cases. Moreover, before you move forward with the money investing process, try to understand in detail how the company plans to help you make a profit.


The company’s reputation
You can become an easy target of forex fraud if you act recklessly and irresponsibly. When you invest funds in forex, don’t forget that, most likely, this money has great personal value to you and therefore you should always handle it in a calculated manner. There are many companies in the forex market and, in order to choose the right one for you, check out its reputation and try to get as much information as possible about the company beforehand. Untrustworthy companies will try to avoid showing you documents that accurately show the quality of the company. When you work with a local forex company, ask to visit the company’s offices and meet the people involved in investing your money in person. A trusted company will be happy to invite you to visit its offices.


One of the common cases of forex fraud is when the company suddenly stops operating and disappears, taking their clients’ funds with them. If your money is being handled by a forex company, you must monitor the process on a daily basis. If you are not getting the promised profits, withdraw your money from the company immediately.

The World of Online Binary Options Fraud

If you are reading this article, probably you have lost your money to an unreliable investment company, or you have intentions to put some of your fund in order to get profit. In a time of technology abundance, the problems on online scam became diverse. Great amount of online money theft crimes has happened during the last years, all over the world. Most of the times, in order to avoid this kind of on pleasant cases, it is enough to spent some time in basic research about the different famous websites and business, that act to take advantage of the innocence of different customers in order to steal their money without giving even the smallest profits to their clients. Now we will help you with providing important information about the subject of binary options

The fraud of binary options

This case comes from the field of share market and it is well known. Binary options are also known as all-or-nothing options or digital options. The different people that work in this service will ask you to put your investments on a specific asset as they will underline that the asset will have a specific price for a certain amount of time. Therefore, in order to have high profits, they will to make you sell or buy the asset as they will put high pressure on the client. This issue considered as gambling since we will never know for sure if our investments will give us profits. In past day, it was common that binary options people will call to innocent regular citizens and try to convince them by a phone call. Now in the Internet era, clients can enter the different binary options sites and spent their money in one click. Moreover, some companies have developed apps for IPhones and Android.

How to identify binary options scams As you look around online sites, beware of tempting advertisements such as “Get great amount of money quickly” “Invest your Money to get high profits” “The Stock Market is calling for you” and more commercials in this style. You can collect material about the world of share market by reading books and articles, in order to gather appropriate knowledge. Explore the credibility of the sources by searching for the reputation of the writers. Before making a deal with a stock person, look online for the name of the company in which he works. if the company has a reputation and recommendations from others who were satisfied with the type of service, then it is a fair company. Companies that exercise binary options will usually appear online, under the context of a scam case, because of the fact that others have fallen before you and therefore, they have contacted the authorities and reported this company.