Have you seen the Kyniks.com website for investing in cryptocurrency? Are you considering joining? Before you do, it’s important to know why this investment platform might not be very safe.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
Overview of Kyniks.com Crypto Investment
Kyniks.com is a crypto investment platform promising to provide traders/ clients ways to trade cryptocurrencies and earn money.
They claim to offer traders with different cryptocurrencies and digital assets, and receive a percent on their investment. What’s more, they make claim of giving clients good market insights, portfolio monitoring and incentive for a new member through their referral program.
Kyniks.com Crypto Trading Scam & Tactics — Exposed
First of, Kyniks has not revealed any contact information about itself or its alleged registration address. The absence of any credible data about this company’s identity is quite worrisome to be honest, as we don’t actually know who stays behind it.
Thereon, there is no accountability if you are scammed as the company’s information is not known.
Also, traders have had it tough with Kyniks.com live crypto investment as they are not allowed to withdraw funds. The usual tactic is that they claim traders must have a required deposit of $200 plus before withdrawal would be processed.
More so, tricksters use advanced video editing tools powered by artificial intelligence to create fake videos called deep-fakes. These videos make it look like famous people such as Cristiano Ronaldo, Elon Musk, Bill Gates, Mark Zuckerberg, or Drake are promoting Bitcoin giveaways and the Kyniks platform.
What’s more, the platform does not offer money back guarantee which means trading on the platform is clearly a risk as your money cannot be refunded.
Further, users have been fooled by the instant account upgrade in BTC prizes. Here, you are made to input the promo code giving after the registration which is all scam using to lure more victims.
Following this, Kyniks.com is not different from Bitxeen.com crypto investment scam. Because of the scam practice, many traders of the platform have had their accounts blocked or most times access denied.
Further, many traders have been fooled by the instant account upgrade in BTC prizes. Here, you are made to input the promo code giving after the registration which is all scam using to lure more victims.
It is always advisable you check for regulated and licensed entity on financial authorities websites before depositing fund for trading.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Kyniks.com Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Kyniks.com is not a licensed investment company. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Conclusion:
Kyniks.com seems similar to Excoinlite , Bitdimas.com, which might make you believe it’s a trustworthy place for trading and investing. But be careful – despite their fancy website and promises, there’s strong evidence that this cryptocurrency company isn’t reliable. Traders should avoid unlicensed platforms like this because they’re often run by scammers.
It’s also crucial to educate yourself about potential scams and only engage with legitimate cryptocurrency trading platforms.
What to Do If You Fall Victim to This Scam
Report Kyniks.com and any associated promo videos to the appropriate authorities
If you bought bitcoin that turned out to be stolen with your credit card, tell your bank right away about the problem. They might be able to reverse the charge through a process called a chargeback. If you got the bitcoin from a cryptocurrency exchange and it’s a scam, let the exchange know immediately. They might be able to stop any more money from leaving your account.
Scammers might use the information you gave on Kyniks.com to hack into your other accounts. So, it’s crucial to change your passwords on any other sites where you’ve used the same username and password. Also, it’s a good idea to turn on two-factor authentication for added security on important logins.
Sometimes, after people have been tricked out of their money, there are others who try to trick them again by promising to get the money back for a fee. Don’t fall for these tricks.
Also Read: Mft-trade, Actionmarkets , Betail-capital, Forextimeprime
