EazyPayBTC review – Is eazypaybtc.net scam or safe?

EazyPayBTC review – Is eazypaybtc.net scam or safe?


EazyPayBTC Key Facts

🔴 EazyPayBTC sells questionable products and services. A scam sign!

🔴 EazyPayBTC covers critical information about their business. Red flag!

🔴 EazyPayBTC has no license to offer financial services. Red flag!

🔴 EazyPayBTC is a young website. A disturbing sign!

EazyPayBTC products and services

EazyPayBTC offers Bitcoin mining services with guaranteed profitability. We were impressed to see such a poor website of a company claiming to be worth more than 500 billion USD. Despite their bold claims, they don't specify anything about their products and services, which looks fishy. It certainly points out that this is a scam.

People should always be cautious when dealing with businesses offering enormously high yields because it's scammers' trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it's a scam, so beware.

EazyPayBTC company and regulation

EazyPayBTC doesn't disclose their basic corporate information, and they don't even name the company standing behind this website. At the same time, they put some ridiculous numbers pretending to have a market cap of 526.76 billion US dollars. Also, there is no licensed company associated with this fraudulent website. That's a scam. Traders and investors should run away from such businesses and trust only regulated companies. Read on to find out more about the licensing regimes.

The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.

While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to. 

Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.

EazyPayBTC address and contacts

EazyPayBTC lists 350 PARK AVE, NEW YORK, NY 10022, UNITED STATES as their headquarter address. We researched but couldn't find a trustworthy independent source verifying the link between this location and the website. EazyPayBTC doesn't reveal their contact numbers, showing once again that these people do not operate transparently.

Transparency is crucial when talking about brokers and investment companies, and it's part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it's generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company's legitimacy.

EazyPayBTC.net website info

EazyPayBTC.net is a domain name registered on 28th of May 2020, so it's less than a year old at the time of writing. The age refutes their claims to be present on the market for almost a decade.

It's registered on Netherlands IP address: co-hosting 75 websites at the time of writing. Most of the domains are linked to companies offering investment schemes.

Alexa doesn't even rank them, so it’s a highly unpopular website people do not trust. The Alexa ranking isn’t a key determinant, but the lack of popularity isn’t a good sign whatsoever.

EazyPayBTC.net uses privacy protection services to hide the ownership of the website. The latest trend in the privacy policy around the world denies it should be a problem but considering it's an investment service we might as well consider this a disturbing sign.

Here are other shady investment schemes based on the same IP:

FxOptionProBallena Capitals
XoTradeFxEra TradeFx
FX Cloud Vest

Scam warning

We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority. 

However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.

Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.

Recommended Casinos

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

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