Milbeetcrypto Review – Is milbeetcrypto.com a Clone Firm Scam?

Milbeetcrypto Review – Is milbeetcrypto.com a Clone Firm Scam?

Milbeetcrypto Key Features

🔴 Milbeetcrypto services are questionable – a warning sign!

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

🔴 Milbeetcrypto is not transparent – a red flag!

🔴 Milbeetcrypto creates irrational expectations – a red flag!

Milbeetcrypto Products and Services

Milbeetcrypto is a fake crypto exchange, and we claim so for various reasons. The first one is that Milbeetcrypto uses an identical website as many other alleged crypto exchanges we reviewed. Milbeetcrypto is essentially a fraudulent website, one of many created by scammers to rip people off their hard-earned money. We confirm that Milbeetcrypto’s purported crypto services are fake, so you should stay away no matter what. And before we continue, see other fraudulent schemes with identical websites:

BitaegoZnoBITObeBIT
BITiamoShenBITDaunBIT
WhiteBITEX

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.

Milbeetcrypto Company and Regulation

Milbeetcrypto is a clone firm and a scam! We can tell it because they abuse the registration code of WhiteBit – a legit Estonian exchange with millions of customers. Milbeetcrypto impersonates it, and they even abuse the address and other contact details of WhiteBit! Clone firms are scams you should avoid, and Milbeetcrypto is no exception to the rule!

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.

Milbeetcrypto Address and Contacts

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

Milbeetcrypto provides an address, but it’s fake, and we won’t mention it as we don’t want to create confusion and further associate Milbeetcrypto with WhiteBit! The false information is a red flag, but it also means a lack of transparency as the real location of Milbeetcrypto remains unknown – evidence of a scam nonetheless!

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.

Milbeetcrypto.com Website Info

SimilarWeb RankingNone at the time of writing
IP91.241.19.212
Server Country Russia
WHOIS Reg. Date2022-07-30
RegistrarRegistrar of domain names REG.RU LLC
SSL certificateValid
OwnerRedacted for Privacy
AdministratorRedacted for Privacy

Is Milbeetcrypto Safe?

Milbeetcrypto is not safe! We exposed it as a scam and confirmed that fraudsters will steal your money if you deposit with Milbeetcrypto! You should avoid it!

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.

4 Comments

  1. I joined a crypto pump and dump group using milbeet.com. At first I put in $50, however they informed the group that they would no longer be putting out signals for anyone who didn’t have $500 invested. I transferred $500, I can’t get my funds out. They keep giving me BS excuses as to why they can’t withdraw it. Like I’m not verified or I transferred it to an unsupported wallet.

  2. Joined group using milbeet. They told me it was safe and that they had been using it for a long time. The money was in the account, It’s just impossible to withdraw.

  3. Following in the footsteps of the fake scam and fraudulent domain names daunbit and shenbit this domain is an identical copy and a fake. It is promoted by pump and dump or signal groups. The way the scam works is that the owner of the signal group is the owner of the site and thus when you deposit crypto that is the last you will see of your money. You can never get it back.

  4. I put $500 in MilbeetCRYPTO and supposedly made $8000. Then, I tried to withdraw, and they say you need to be a VIP USER STATUS member, which requires you to deposit .15 BTC. ($3500). This is a standard requirement for scam brokers. I actually made the mistake by depositing an extra amount of BTC (.17, or $3500) into Azextrade. Once my account exceeded $6000 in one transaction (by $15) they said I had to deposit .08 ($1600) BTC more!! I LOST $4000 trying this shit!!ALL SCAMS. AZEXTRADE.COM, MilbeetCRYPTO.com.. they all have mirror sites also that are exactly the same, and even all hold your money!! As well, they stole Terms and Conditions from KRAKEN directly!!

    SCAMS

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