Have you seen the Vitrexe.com website for investing in digital money? Are you thinking about joining? Wait. It’s important to know why this investing place might not be very safe before you do anything.
This info aims to help you decide wisely. Please read it all and decide for yourself.
Overview of Vitrexe Crypto
Vitrexe.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.
How Vitrexe Crypto Scam Operates on Online
First of, 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 Vitrexe.com platform.
Secondly, traders have had it tough with Vitrexe 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.
Also, 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.
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.
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.
Following this, Vitrexe.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.
NB: 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
Why You Should Protect Yourself from Vitrexe Scam
A troubling part of this trickery is that when officials close down fake websites such as Vitrexe.com, the scammers just move to different web addresses and carry on with their illegal activities.
The websites use names and logos that look similar to real companies, which makes it tough for new investors to tell if they’re fake.
After being tricked into sending money as a deposit, people discover that their accounts are blocked and their money is stolen by unknown scammers. These scammers then start again with new names and keep on cheating people in the same way.
Vitrexe Is a Non-Licensed Company
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 Vitrexe.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
Bottom Line:
Vitrexe.com has disguised like Xenorax.com trading investment platform, however, you should not take the words they say and the attractive website layout. While there is a clear evidence this cryptocurrencies company is questionable, it is always important traders steer clear from an unlicensed and sham platform as its likely 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 Vitrexe.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 Vitrexe 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:
Trustenely.com , Coinvaq.com , Mft-trade
Actionmarkets
Betail-capital
Forextimeprime
