Bitcoin247 Exchange LTD Review – Is bitcoin247exchangeltd.net an Investment Scam?

Bitcoin247 Exchange LTD Review – Is bitcoin247exchangeltd.net an Investment Scam?

Bitcoin247 Exchange LTD Key Features

🔴 Bitcoin247 Exchange LTD’s services are questionable – a warning sign!

🔴 Bitcoin247 Exchange LTD isn’t licensed – a red flag!

🔴 Bitcoin247 Exchange LTD isn’t transparent – a red flag!

🔴 Bitcoin247 Exchange LTD creates unrealistic expectations – a red flag!

Bitcoin247 Exchange LTD Products and Services

Bitcoin247 Exchange LTD is presented as a crypto investment platform, but we doubt it’s legit. We claim so because of the highly suspicious investment plans we came across, according to which customers can earn up to 75% for 24 hours. Well, no legit company can deliver such profitability, and Bitcoin247 Exchange LTD can only be classified as an HYIP platform. These entities are always dangerous, and it’s recommended to stay away from Bitcoin247 Exchange LTD!

HYIPs are unregulated investment schemes offering questionable opportunities, to put it mildly. The promised ROI (Return in Investment) is just too good to consider trustworthy- at times, customers are reassured that they can make 100% or more per day, which can’t happen in any possible way. To put it into perspective, even the largest investment funds can’t secure more than 10% per year, let alone per day or week. So, given the products and services offered, we can decisively say that the service reviewed is highly suspicious and most likely fraudulent.

With that being said, you’d better stay away and have a look at other reliable opportunities, such as Forex brokers PAMM managed accounts, social trading platforms or regulated crypto providers. For example, many crypto exchanges are presently offering BTC and ETH staking that can bring a decent passive income on reduced investment risk. But in any case, make sure to trust your money to transparent and adequately regulated financial companies because markets are currently plagued by anonymous investment schemes, most of which are pure scams.

Bitcoin247 Exchange LTD Company and Regulation

Bitcoin247 Exchange LTD is allegedly a British company, but that’s a big fat lie. They provide an incorporation certificate that happens to be fake – the company number 11457133 belongs to CRYPTO 247 EXCHANGE LTD, not to Bitcoin247exchange Ltd. The latter is a fictitious company, but it’s also worth mentioning that the authentic entity was dissolved on the 14th of December, 2021. And with those things out of the way, we confirm that Bitcoin247 Exchange LTD is illegal and its investment services are unregulated – that’s the essential aspect you should keep in mind!

The lack of regulation implies that the people operating the scheme are not supervised while working, meaning that clients’ money will always be exposed to risks. To put things into perspective, duly licensed and adequately regulated financial firms are forced by the authorities to comply with many standards designed to guarantee customers’ safety. For instance, to obtain a license, a company must meet minimum capital requirements that vary by country and depend on product specification or other factors. The condition is set to guarantee that firms should have enough money at their disposal to survive unforeseen events, remain stable and continue operations, inflicting no harm to customers.

The US minimum capital requirement is 20 million USD, which is actually one of the biggest among all. In addition, US financial firms should also keep customers’ accounts segregated, ensuring that deposits won’t be misused or misappropriated. However, we should note that the US regulatory framework is quite complex as there isn’t a single financial authority, but many. The list includes NFA, CFTC and SEC, to name a few, and each of the mentioned control companies in one way or another. Additionally, each state usually has its own independent authority, making the US market significantly more complex than others. Regardless, the scheme reviewed isn’t regulated by any authority anywhere in the world, so make sure to avoid it as it may as well be a pure scam.

Bitcoin247 Exchange LTD Address and Contacts

Address:3 Vernhams Mews, Basingstoke, England, RG24 9GE; 45 Egremont Drive, Reading, England, RG6 3BS
Phone number:None
E-mail:[email protected]

Bitcoin247 Exchange LTD’s addresses are both unverifiable and most likely false! Also, there isn’t a phone number revealed, so the lack of transparency is noticeable, and it triggers a major red flag! Such issues always indicate a scam, and you should keep this in mind, as well!

Transparency is essential when it comes to investing because you should always know who is making the investment in your name and where your money really is. Legit businesses always operate transparently and are required by law to provide the public with their basic corporate information – addresses, phone numbers, e-mails, legal documentation outlining service provisions and so forth. It’s very likely that you are dealing with scammers if you cannot independently verify the contact information given, and it’s even a more treacherous sign if you come across an entity that doesn’t even provide these crucial details!

Bitcoin247ExchangeLTD.net Website Info

SimilarWeb Ranking553,261 at the time of writing
IP95.217.142.125
Server Country Finland
WHOIS Reg. Date2020-06-03
RegistrarNAMECHEAP INC
SSL certificateValid
OwnerRedacted for Privacy
AdministratorRedacted for Privacy

Is Bitcoin247 Exchange LTD Safe?

Bitcoin247 Exchange LTD is not safe! It’s an anonymous, illegal and unregulated entity providing false corporate information, which more or less proves it’s a scam! And in such a case, we confirm that your funds will be in danger if you deposit with Bitcoin247 Exchange LTD! You’d better avoid it!

Scam Warning

For various reasons, depositing with HYIPs and other unregulated investment schemes is highly not recommended. Above all, the lack of regulation strongly suggests a scam, as only regulated firms can offer investment services to the public. As you might expect, scams cannot thrive in a robust regulatory environment, where numerous customer protection rules are imposed, all of which are designed to make markets safer by actively preventing fraud.

Authorisation by regulators is only granted if the firm meets the standards governing how the entities should treat you as a customer and what kind of information they should provide. Each country’s regulator keeps a register of licensed firms and the products and services each licensee is permitted to offer. Unauthorised firms, on the other hand, seek to avoid the controls that legal, authorised entities are subject to, thus leaving investors unprotected. Scammers, of course, want customers to be completely unprotected, which significantly facilitates fraud, and that’s why they always work without a license.

The HYIPs, in particular, are usually operated as a Ponzi because many investors can withdraw initially, but sooner or later, the service will inevitably close. HYIPs usually target traders and investors with little or no experience by promising fictitious investment opportunities, allegedly delivering unrealistically lucrative gains. 10% or 100% per day certainly isn’t a legit offer – that’s a scam, and you’d better stay far away from entities promising get-rich-quick schemes.

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