Caution! Bitzucoin is an offshore company! Your funds may be at risk.
Bitzucoin Key Features
🔴 Bitzucoin services are questionable – a warning sign!
🔴 Bitzucoin was reported as a scam – a red flag!
🔴 Bitzucoin is not transparent – a red flag!
🔴 Bitzucoin creates unreasonable expectations – a red flag!
Bitzucoin Products and Services
Bitzucoin is promoted as a crypto exchange, but we firmly believe it to be a fake one. We claim so because we have already reviewed several other identical websites that already pretend to provide the same services. Everything is absolutely the same, except for the logos, the domain names and a few details changed over. Below, you can see the ones we already covered, and if you can still access their websites, you’ll quickly understand what’s going on! Beware!
Regardless, even if we didn’t know it, we would still advise against trading with Bitzucoin because the so-called exchange is simply impossible to confirm legit. As for the products and services offered, there is little explained, except for the suggestion that there are prize pools and opportunities to get free crypto. There is no detailed information about fees, and the only thing mentioned is about some taxes of 1% on each deposit, 2.5% insurance fee and 3.5% commission fee, but the matter is vague. Bitzucoin is dangerous, and you should avoid it!
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.
Bitzucoin Company and Regulation
Bitzucoin is similar to the other exchanges we already mentioned for another reason – Mek Global Limited. All claim to be trading names of the company, but there is no proof of it. In fact, Mek Global Limited used to be associated with the leading exchange KuCoin, but the Syechelles-based company received warnings from numerous regulators. After it happened, you can no longer find the name of Mek Global Limited in KuCoin’s legal documentation, but we know little on the matter. Anyway, what we mean to say is that Bitzucoin seems to be a clone firm, impersonating legit companies with the aim to mislead and take people for a ride. We can’t undoubtedly confirm it, but we can reasonably suggest so! You should beware of Bitzucoin; it’s not regulated anyway!
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.
Bitzucoin Address and Contacts
Bitzucoin doesn’t disclose contact information, and their reluctance to share means there is a lack of transparency, triggering a major red flag. Now, bear in mind that many of the crypto exchanges are currently not as transparent as they should be, but most of the legit companies are quickly improving, and it’s possible to contact them in one way or another.
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.
Bitzucoin.com Website Info
|SimilarWeb Ranking||None at the time of writing|
|WHOIS Reg. Date||2022-03-16|
|Registrar||NICENIC INTERNATIONAL GROUP CO., LIMITED|
|Owner||Redacted for Privacy|
|Administrator||Redacted for Privacy|
Is Bitzucoin Safe?
Bitzucoin is not safe! It’s a fishy crypto exchange that seems to be just a fraudulent website, a replica of many others we also reviewed. It also shows signs that it’s a clone firm impersonating a leading exchange, so given all the red flags detected, we can only recommend that customers should stay away from Bitzucoin! Beware!
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.