Cryptocurrencies are currently a big topic. Viele crypto-Trading platforms often pose as untrustworthy out, explain the consumer center and the State Criminal Police Office of Rhineland-Palatinate. Scammers fool consumers into believing that they can quickly make high profits with small investments on an appropriate trading platform.
Anyone who registers receives instructions from an alleged trader – by telephone and messenger service. In the course of the alleged consultation, however, those affected are then pressured into investing ever larger sums after an initial low deposit.
How to Spot Dubious Crypto Trading Platforms?
The offers later turn out to be fraudulent. The invested money was not actually invested in cryptocurrencies. The alleged winnings are only simulated. Three tips on how to unmask dubious traders:
Check imprint
The first step should be to check the imprint. If there is no imprint on the homepage of the trading platform, it is important to distance yourself. According to the imprint, if the provider is based abroad, it can be difficult to enforce your own rights.
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Pay attention to a license from the provider
Before making an investment, it makes sense to check whether the company is licensed by the financial regulator Bafin or another EU country. You can do this, for example, via the company database query the Bafin.
Check the transparency of the business model
If you only get more detailed information about the business model after contacting them or after registering, mistrust is announced. Before making a deposit, you should always seek advice. Anyone who fears having fallen for a dubious scam should report this to the police and file a criminal complaint.