BTEMcoin Review – Is btemcoin.com a Scam Crypto Exchange?

BTEMcoin Review – Is btemcoin.com a Scam Crypto Exchange?

BTEMcoin Key Features

🔴 BTEMcoin services are questionable – a warning sign!

🔴 BTEMcoin was reported as a scam – a red flag!

🔴 BTEMcoin is not transparent – a red flag!

🔴 BTEMcoin creates irrational expectations – a red flag!

BTEMcoin Products and Services

BTEMcoin is a crypto exchange, but it doesn’t seem to be trustworthy. We claim so for several reasons. The first one on the list is that they claim to be the world’s first stablecoin trading centre, which isn’t true! Stablecoins have been traded for a decade or even more, so BTEMcoin certainly provides false information while aiming to create unrealistic expectations. More so, we’ve already seen precisely the same expression used by other fishy crypto exchanges we have already reviewed – PopCoins.net is one example!

In addition, the website doesn’t provide information about the particular service – we don’t know which coins are listed there, what are the fees, the minimum deposit requirements (if there are some) and so on. Therefore, based on the lack of transparency, we should note another red flag and warn our readers that BTEMcoin is a risky exchange. The problem with such entities is that you can’t be sure that you’ll get anything in exchange for your money. Beware!

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.

BTEMcoin Company and Regulation

BTEMcoin is allegedly registered in Singapore, but we found no proof for their claims. Indeed, the scheme seems to be totally illegal as we found no companies associated with it! However, Singapore is known to have a registration regime that allows the creation of international companies under strict confidentiality rules. That is to say, BTEMcoin may as well be a brand of a company in Singapore, but access to the entity will be almost impossible, especially for customers who are just trying to learn more about BTEMcoin. Therefore, we can confirm that BTEMcoin’s services are unregulated, meaning that all transactions and investments will be exposed to significant risks!

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.

BTEMcoin Address and Contacts

Address:Singapore
Phone number:None
E-mail:[email protected]

BTEMcoin doesn’t reveal its actual location, so once again, there is a red flag because of the lack of transparency! They only share a Google Mail address, which indeed downgrades reliability even further – just think about it, which trustworthy crypto exchange would use gmail.com for its corporate e-mail!

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.

BTEMcoin.com Website Info

SimilarWeb Ranking1,138,780 at the time of writing
IP8.209.245.236
Server Country Japan
WHOIS Reg. Date2022-02-25
RegistrarXiamen 35.Com Technology Co., Ltd
SSL certificateValid
OwnerRedacted for Privacy
AdministratorRedacted for Privacy

Is BTEMcoin Safe?

BTEMcoin is not safe! It’s a risky crypto exchange that may as well be fraudulent. It’s anonymous, unregulated, and, on top of it all, presents limited information about the particular service. The problem with the fishy crypto exchanges is that once you make a transaction, you may receive nothing for your money! More so, BTEMcoin claims to accept cryptos only, which ultimately means that you won’t be able to claim your funds back if things go wrong! You’d better avoid BTEMcoin!

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.

15 Comments

  1. I somehow invested (2000 usd) here. I need help getting my money back.

    1. where did you find the site?
      ————-
      nereden buldunuz siteyi ?

    2. Same issue.
      Once it’s in the wallet, the website pretends its ‘trading functionnaly is temporaly disabled”, but looking at the exchange, it’s active.

      But just one thing :
      – There is a page where you can fill a form
      – There is another legit email to contact them : [email protected]

      But when I search btem.com on my browser, this domain is for sale on godaddy.com at $10K.

      Really weird !

    3. I have the exact same issue.
      How did you learn about this website ?
      I’m investigating on it, because too many things look sketchy.
      Can we get in touch ?

      1. If you reach a altar, please write it here, I’m looking for it, but there is still no result, they say, I need to pay the income tax, then you can withdraw the money btem.com
        —————
        Bir sunaca ulasirsaniz buraya yazin lutfen bende arastiriyorum ama hala bir sonuc yok gelir vergisini yatirmam gerekiyormus ozaman parayi cekebilirsiniz diyorlar btem.com ama guvenlimi onu bilmiyorum vergiyi yatirip paramizida cekemezsek bi oradan darbe yeriz

  2. I also invested here, I learned from a lady from Hong Kong, now I don’t know what will happen to my funds

    1. I have the same problem, I also learned from a woman, I made an investment and I don’t know what will happen, I think we got scammed.
      —————-
      Ayni sorun bende de var bende bir bayandan ogrendim yatirim yaptim ve ne olacak yatirim bilmiyorum galiba dolandırıldık

  3. Александр

    a similar problem, but with the purchase of a dubious ICO MAKC, shows promising growth when it comes to the withdrawal of funds and the commission that they set in the form of 20%, and I must first pay to some wallet, but after they wrote to me that everything is automatically converted in USDT. and now according to them they have frozen my funds for a period of 7 days until I deposit funds into their supposedly tax wallet, if I don’t deposit on time, my tokens will depreciate and I will be deleted as not solvent. to the proposal to remove the commission from current income, the answer is that they are guided by federal laws (and they do not provide them), thereby arguing that I must first pay income tax. they say it is impossible to cancel the current freeze.
    I am now in shock where I am. help me get my money back
    =====================
    похожая проблемма но с преобретением сомнительного ICO MAKC, показывает многообещающий рост, когда речь зашла за вывод средст и коммисию которую они выставляют в виде 20% , причем я должен сначала заплатить на какой-то кошелек, а вот после они мне написали что автоматически все конвертируется в USDT. и теперь по их словам они заморозили мои средста на период 7 дней пока я не внесу на их якобы налоговый кошелек средства, если я не внесу вовремя, мои манеты обесценятся и я буду удален как не платежеспособный. на предложение снять коммисию с текущих доходов, ответ что они руководствуются федеральными законами(причем их не предоставляют) тем самым утверждая что я сначала должен заплатить налог на прибыль. отменить текущую заморозку говорят нельзя.
    я теперь в шоке, куда я попал. помогите вернуть средства

    1. I am deeply investing about them.
      I suggest, we make a telegram group to exchange our acknowledges about them.

      I have found a lot by tracing the blockchain where I sent my USDT to buy ICO MAKC.
      When you purchase the ICO MAKC (which doesn’t exist), in fact the money goes to another smart contract which is a fraud. It doesn’t exist.
      The company does not exist.
      They are not on GitHub.
      They IP used for the website, already owns multiple websites.
      This IP has been flagged as hosting a scamming crypto platform.
      It’s not the first attempt of the scammer.

      But I have the original address of the scammer.
      Getting closer.
      Please send me your telegram ID,n so I can make a group.

    2. Hello, I am in the same situation as you, I would be glad if you could share if you came to a conclusion.
      ——————
      Merhaba bende sizinle ayni durumdayim bir sonuca varabildinizmi paylasirsaniz sevinirim

    3. Tell me, on Btemcoin it is indicated that the completion of the project is 2022-05-10 00:00:00, how did you get to the stage of withdrawal of funds? or did you specify a different end date for the growth of MAKC?

    4. I have the same problem, I bought mack and I want to sell it back, I cannot sell it.
      ———————–
      Ayni sorun bende de var mack aldim ve geri satmak istiyorum satamiyorum %20 gelir vergisi istiyor.gelir verdisini yatirsaam parami ceke bilirmiyim onuda bilmiyorum guvenemiyorum btem musteri hizmetleri ile gorustum vergiyi odemenez gerekiyor sonra mack sata bilirsiniz diyor guvenemiyorum ne yapacagim bilmiyorum yardim edin

  4. A lady from Hong hong suggested to buy MACK, now when I say sell the MAKC coin with MAKC, the transactions are closed temporarily, it says I can’t sell, how to transfer it to binance account after selling it
    —————
    Hong hong lu bir bayan MACK almayı önerdi şimdi ile MAKC madeni parayı sat dediğimde işlemler geçiçi olarak kapatır yazıyor satamıyorum nasıl satılır sattıktan sonra binance hesabına nasıl aktarılır

  5. My account was frozen while withdrawing my money and i sent a mail to service but got no response what should I do

  6. I am also suffering from the same issue. What should we do, if we can’t get our money, we’ll be finished.
    ———————-
    Bende aynı konudan mustarifim.ne yapmamız gerekiyor paramızı cekemezsek biz biteriz sonuca ulaşan bir arkadaş varsa yardımcı olsun lütfen

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