DaunBIT Review – Is daunbit.com a Scam or Safe?

DaunBIT Review – Is daunbit.com a Scam or Safe?

DaunBIT Key Features

🔴 DaunBIT services are questionable- a warning sign!

🔴 DaunBIT was reported as a scam- a red flag!

🔴 DaunBIT is not transparent- a red flag!

🔴 DaunBIT is a clone firm- a red flag!

DaunBIT Products and Services

DaunBIT is yet another clone of WhiteBIT, so we can right away confirm that they are offering fictitious services. DaunBIT describes itself as a crypto exchange and a trading platform, but it won’t deliver anything whatsoever – that’s a scam setting created to steal crypto from people. And if people do not have crypto, DaunBIT will politely ask them to buy and then deposit in the so-called exchange! DaunBIT is a scam, and it’s one of many identical websites we already covered, but we’ll talk about it later.

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.

DaunBIT Company and Regulation

DaunBIT is presented as a brand of daunBIT Financial Company OÜ, and indeed it is. The problem is that this company is fictitious, and it exists only in the imagination of the scammers who created the fraudulent DaunBIT project. What’s more, DaunBIT is an impersonator abusing the registration number of a licensed Estonian crypto exchange – WhiteBIT. DaunBIT has nothing to do with WhiteBIT, the former simply used the information without permission, and on top of all that, it even cloned the website of the legit company. That’s a scam! However, even if we didn’t know that DaunBIT is a clone, we would still urge people to avoid it cause it’s not a real firm, and that’s too easy to prove.

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.

DaunBIT Address and Contacts

Address:daunBIT Financial Company OÜ Sepise tn 1 Lasnamäe linnaosa, Tallinn Harju maakond 11415 – fraudulent
Phone number:+3726104267
E-mail:[email protected]

DaunBIT’s contact information is fraudulent. This is the address of WhiteBIT, and we can guarantee that DaunBIT isn’t there. By far, we can’t tell where these scammers are, but we can confirm that they use the same number as ZnoBIT, ObeBIT, Bitaego and ShenBIT, to name but a few of the other WhiteBIT clones. Under the next section, you’ll see all that we have already covered. Anyway, the false address comes as a lack of transparency because DaunBIT doesn’t reveal its actual address, which always triggers a red flag!

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.

DaunBIT.com Website Info

Alexa RankingNone at the time of writing
Server Country Russia
WHOIS Reg. Date2021-12-05
RegistrarRegistrar of domain names REG.RU LLC
SSL certificateValid
OwnerRedacted for Privacy
AdministratorRedacted for Privacy

Note that many identical websites with identical logos are hosted on the same IP. All you can see below are WhiteBIT clones and a part of a larger scheme, so make sure to stay away. These are scams:


Is DaunBIT Safe?

DaunBIT is not safe! It’s a fraudulent clone impersonating a legit crypto exchange! DaunBIT is a scam, so make sure to avoid it or otherwise you’ll lose money to fraud!

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.

1 Comment

  1. I was scammed out of 0.02btc i used as a deposit to trade on the website and I’ve been unable to recover it

Share your experience with DaunBIT and get help to recover your deposit

Your email address will not be published. Required fields are marked *