Caution! GenterBit is an offshore company! Your funds may be at risk.
GenterBit Key Features
🔴 GenterBit provides access to a shady investment service- a warning sign!
🔴 GenterBit has no license with a regulatory body- a red flag!
🔴 GenterBit forges its contact information- a red flag!
🔴 GenterBit creates irrational profit expectations- a red flag!
GenterBit Products and Services
GenterBit is a supposed investment service with several plan tiers. Here is what they look like:
Of course, there is zero way for anyone to guarantee a profit rate of up to 4.5% hourly – that is a return of over 100% within a day! And GenterBit cannot achieve it either – the scammers are simply trying to con you out of your money with false and unrealistic promises.
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.
GenterBit Company and Regulation
GenterBit is not a licensed company – and this means it is not to be trusted. With the firm claiming to be operating within the UK, as you can see below, it does not even mention the regulatory body that oversees the markets in the country once – making its claims pretty laughable!
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.
GenterBit Address and Contacts
|Address:||Yeomans Bassetts Lane, Woodham Walter, Maldon, Essex, England, CM9 6RY|
GenterBit has a UK address, which you can see above. However, as mentioned, the company is not licensed with the UK authorities. Therefore, the address it has given is either fake or does not correspond to the actual whereabouts of the company. This is extremely concerning and a sure scam sign!
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.
GenterBit.com Website Info
|SimilarWeb Ranking||None at the time of writing|
|WHOIS Reg. Date||2022-01-08|
|Owner||Redacted for Privacy|
|Administrator||Redacted for Privacy|
Is GenterBit Safe?
GenterBit is most definitely running a scam – that is the only reasonable conclusion one might come to after examining the company’s shady business model, its lack of regulatory oversight and its complete lack of transparency. There are hundreds of companies just like GenterBit out there – make sure you trade safely, so you are not victimized by either one of them.
And if you have deposited with GenterBit already, we strongly urge you to be careful with recovery agencies. This might seem to be the only way you have of getting your money out of the hands of the scammers – but such agencies are also mostly scams. If they demand an upfront payment for their services, you can easily tell just what kind of “agency” you are dealing with!
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.