BCWcoins review – is Bcwcoins.co a scam or a good crypto exchange?

BCWcoins review – is Bcwcoins.co a scam or a good crypto exchange?

BCWcoins Key Features

🔴 BCWcoins provides access to a shady crypto exchange – a warning sign!

🔴 BCWcoins holds no regulatory license – a red flag!

🔴 BCWcoins is not transparent – a red flag!

🔴 BCWcoins creates irrational expectations – a red flag!

BCWcoins Products and Services

BCWcoins is yet another unlicensed crypto exchange. The issue with these companies is that crypto’s strive towards being completely decentralized has left its institutions like exchanges very vulnerable to scams. There is little regulation over the market and scams are aplenty.

And some exchanges are just that – scams. In fact, we would consider the vast majority of them to be fraudulent in some way. Do not invest a cent with an unreliable exchange – in the best case scenario you will be taxed with a hefty fee. And in the worst case scenario, your money will straight up be stolen by the scammers! Be careful who you invest with – and make sure that you buy and sell your crypto assets on reliable and recognized exchanges.

There is no reason to believe BCWcoins to be one of those – the company is quite small and does not have a license. The odds of it being a scam are too great – it would be best to avoid the company!

Cryptos went to become extremely popular, and they come with tremendous profit potential, but the assets are pretty complex and a bit enigmatic for the vast majority of people. Bitcoin is still surging, and the entire crypto market is growing exponentially, but all investments carry significant risks, such as high unpredictable volatility and absence of regulation, for example. And we’d also like to emphasize the fraud risk- crypto scams are virtually everywhere. In fact, the latest trend among scammers is to create fraudulent websites offering fictitious crypto investments and mining services aimed to entice unsuspicious investors into scam settings. The fraudulent offers usually stick to the rule “sounds too good to be true”, the entity offering the services is totally anonymous, and there is no regulation whatsoever. So, based on the products and services offered alone, we can affirm that the entity under review is dangerous. You’d better avoid it.

That said, it’s worth considering trendy cryptocurrency alternatives that have already proven to be reliable. For example, many cryptocurrency exchanges like Coinbase and Bitstamp already provide passive income opportunities like BTC and ETH staking, other earning opportunities, affiliate programs, so on and so forth. Both mentioned are law-abiding financial firms that operate transparently, so you won’t be exposed to fraud risks if you trust them.

BCWcoins Company and Regulation

BCWcoins is completely unlicensed, as we mentioned. This is yet another reason to distrust the firm – the only way an exchange can prove it is not running a scam is by holding a reputable license. Stay away from firms which do not!

So, the crypto service under review isn’t a typical firm, and as such, it’s not regulated. The absence of regulation implies that your investments will be at risk if you deposit. Moreover, you won’t have access to complaint procedures or money protection schemes, so if things go wrong, you’ll be the one to suffer the complete loss. Even more so, the digital coin transactions are anonymous, so if you get scammed by a shady crypto provider, you can’t get your money back.

Indeed, cryptocurrency regulation has been a hot topic for a long time. The digital coins themselves are not issued or governed by central banks, but too many countries already have plans to introduce centralized cryptocurrencies. Still, Bitcoin is a peer-to-peer payment system that’s considered too risky for many. However, many crypto firms are now operating with financial licenses; they are transparent, and their clients can benefit from certain customer protection measures if things go wrong. And that doesn’t apply to the entity under review, which is an anonymous and most probably totally illegal enterprise that can switch off its servers, pocket clients’ money and get away with the crime.

BCWcoins Address and Contacts

Address:N/A
Phone number:N/A
E-mail:[email protected]

BCWcoins only provides its clients with an email address. And considering making up an email is just as easy as typing that sentence out, this is not sufficient to satisfy the requirements of transparency you should impose on investment companies. The only such firms that operate in anonymity are scam ones – they are trying to avoid legal action from their victims and conceal their identies!

Considering investment opportunities, transparency is always crucial. As for cryptos, you already know that Bitcoin is a peer-to-peer payment system, which is designed to protect the privacy and to provide security. However, that doesn’t mean that the crypto providers should also be anonymous. After all, these people will handle your money, so you should at least know who they are and where they operate from. In fact, we need to note that some trustworthy exchanges don’t reveal such information on their websites, but it’s still easy to verify that businesses are legal, law-abiding companies; therefore, it’s always a worrying sign if the crypto provider isn’t transparent.

Bcwcoins.co Website Info

SimilarWeb RankingNone at the time of writing
IP47.252.24.69
Server Country USA
WHOIS Reg. Date2021-12-23
RegistrarAliCloud
SSL certificateValid
OwnerRedacted for Privacy
AdministratorRedacted for Privacy

Is BCWcoins Safe?

BCWcoins is not a safe company – the firm is most definitely running a scam. And that is the only conclusion we could have reached after having examined its lack of regulation and transparency – so stay away from BCWcoins!

Scam Warning

Scammers are always riding the trends, so it’s not at the least surprising that cryptocurrency fraud is now blooming. Even more so, the high-tech nature of Bitcoin actually facilitates scams as most people don’t really know how crypto works, so scammers take advantage of the lack of understanding. Indeed, the crypto scam has been here for a while, and it proved to be extremely dangerous- just recall OneCoin, which happened to be a multi-billion Ponzi scheme disguised as a revolutionary digital currency. However, scammers rarely go out of their comfort zone, so most crypto scams happen to be very similar to the typical investment fraud.

The fraudulent crypto schemes are also anonymous and illegal, while scammers introduce themselves with fake identities. There are also too many impersonators resembling the websites of valid start-up companies from where customers get redirected to other insecure fishy payment portals that may as well carry additional security risks. The cons yet again promise the moon and the stars to their victims but won’t deliver a thing in the end. However, the difference between crypto and the rest of the investment scams is that people are more likely to believe that they can become rich overnight as Bitcoin has already proved to have massive profit potential. In any case, you should be very cautious when it comes to crypto, as the markets are plagued by scammers ready to take advantage of you.

9 Comments

  1. On a recommendation, I buy cryptocurrencies from this platform. now i try to withdraw my money but i get the warning under review. I tried contacting via e-mail. Do not invest in this site.

  2. yes friend you are right.they scammed me too. Do not trust them. They are thieves. They stole my money.

    1. How withdraw ?

  3. BCWCOINS is a complete fraud site, beware, do not invest.
    ——————-
    BCWCOİNS tam bir dolandırıcı site dikkat edin,yatırım yapmayın.

  4. +44 7523 834072 be carefull this number they are scammers.

  5. how to get your money back?

  6. i try to withdraw my money but i get the warning under review too

  7. I tried to withdraw my money but i get the warning that i need to confirm my account first. I confirmed my account and i try to withdraw again and this time my withdraw stay in blocked status since 2 month and the plateforme don’t answer to my emails. Please help.

  8. Hi
    I was also scammed in the end of 2021
    i don’t know what to do

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