Cryptoinbit Review – Is an Exchange Scam?

Cryptoinbit Review – Is an Exchange Scam?

Beware! Cryptoinbit is an offshore broker! Your investment may be at risk.


Cryptoinbit Key Features

🔴 Cryptoinbit services are questionable – a warning sign!

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

🔴 Cryptoinbit is not transparent – a red flag!

🔴 Cryptoinbit creates irrational expectations – a red flag!

Cryptoinbit Products and Services

Cryptoinbit is a crypto exchange, but it's a fishy entity for several reasons. The first one is that the website is identical to other websites we already reviewed. By following the links below and eventually visiting the websites, you'll see what we are talking about – everything is literally with a few very minor exceptions like the domain names and the logos (which are pretty much identical, actually)!

Another reason making Cryptoinbit an exchange you wouldn't prefer is the fact that it's totally anonymous and impossible to confirm legit. Above, the screenshot shows that Cryptoinbit is allegedly a brand of Mek Global Limited – a company that was previously associated with Kucoin, but we'll discuss this in the following section. In any case, the problem in dealing with anonymous exchanges like Cryptoinbit is that you may eventually receive nothing for your money deposited. 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.

Cryptoinbit Company and Regulation

As mentioned, Cryptoinbit is allegedly a brand of Mek Global Limited, but the information is impossible to validate. For one thing, Mek is an offshore IBC, and as such, it's inaccessible, and we can't tell anything about it. On the other hand, the company was known to be associated with Kucoin in the past. However, Mek Global received numerous warnings from regulators, and Kucoin no longer presents the entity in its legal documentation. So, those things out of the way, we confirm that Cryptoinbit cannot be associated with Mek Global Limited, but even if it were, the service would still be unregulated and risky. Beware!

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.

Cryptoinbit Address and Contacts

Phone number:None

Cryptoinbit refuses to share contact information, and the only way you can reach these people is via a contact form found on the website. That's a red flag because of the lack of transparency – shadiness always suggests a scam!

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. Website Info

SimilarWeb RankingNone at the time of writing
Server Country USA
WHOIS Reg. Date2022-03-28
SSL certificateValid
OwnerRedacted for Privacy
AdministratorRedacted for Privacy

Is Cryptoinbit Safe?

Cryptoinbit is not safe! It's a fishy crypto exchange suffering legitimacy issues – it cannot prove to be trustworthy in any possible way. You'd better avoid it, or you'll expose money at risk if you deposit with Cryptoinbit!

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.

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  1. 0.8 btc stuck 🙁

    1. Do you won this btc?

    2. I have also the same problem.This 0.8 btc is they give to you? I have received in DISCORD group my win 0.85 BTC, and for withdraw i need to send them 0.015 Btc or 0.33 ETH. I didn’t this.

      1. Scam.

        Same code works for multiple emails. No way they would give out so many BTC ))

        Be aware

  2. I am not able to recover my bitcoin from exchange
    They are asking me to verify external address by depositing atleast 0.015 BTC or 0.33 Eth and then they will allow withdrawal. Although I have already verified myself through KYC Verification, Still they are not letting me to withdraw funds and asking for deposits. Please help, I need funds urgently, It’s a matter of life and death of me and my family.

  3. у кого нибуь получилось вывести биткойн
    Has anyone managed to withdraw bitcoin?

  4. I am not able to recover my bitcoin from exchange
    They are asking me to verify external address by depositing atleast 0.015 BTC or 0.33 Eth and then they will allow withdrawal. Although I have already verified myself through KYC Verification, Still they are not letting me to withdraw funds and asking for deposits. Please help.

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