ShauBit Review – Is an Impersonator Scam?

ShauBit Review – Is an Impersonator Scam?

ShauBit Key Features

🔴 ShauBit services are questionable – a warning sign!

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

🔴 ShauBit is not transparent – a red flag!

🔴 ShauBit creates irrational expectations – a red flag!

ShauBit Products and Services

ShauBit is a scam, and we can tell it even before we’ve analysed the products and services offered. We claim so because ShauBit has cloned the website of MEXC – one of the leading crypto platforms nowadays. The site is absolutely the same, including the layout, colours, claims and everything else you can think of. The only difference between and is the logo, the domain name and the absence of numerous web pages that you won’t find on the former. With that being said, we can confirm that ShauBit won’t provide any products and services whatsoever!

In fact, ShauBit is just the next fraudulent website impersonating MEXC. Below, you can see that we already reviewed tens of them, so we can reasonably suspect that all of these are run by the same scammers. We can’t undoubtedly prove it, but you can look at the ones we already covered by following the links to their reviews:

Camp TokenCrypto-floor.comMarket-token
Chain-BitBitThorCrypto Farmix

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.

ShauBit Company and Regulation

ShauBit shares absolutely no corporate information whatsoever, and we firmly believe that there isn’t even a legal company associated with the fraudulent crypto scheme under review. We might be wrong, but even if there is a company behind ShauBit, it’s basically impossible to unearth. Legal or not, ShauBit is not regulated, which is too easy to confirm by yourself.

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.

ShauBit Address and Contacts

Phone number:None

ShauBit shares no contact information, too. It’s totally anonymous, so we should note a red flag because of the lack of transparency. We already know it’s a scam, but even if we didn’t, the lack of transparency strongly suggests that something wrong is going on there.

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 the Netherlands
WHOIS Reg. Date2022-03-06
RegistrarRegistrar of domain names REG.RU LLC
SSL certificateValid
OwnerStreet: Wuppertal
Country: DE
E-mail: [email protected]
AdministratorStreet: Wuppertal
Country: DE
E-mail: [email protected]

Is ShauBit Safe?

ShauBit is not safe! It’s a scam we exposed in this review. ShauBit is yet another fraudulent website impersonating MEXC, so make sure to avoid it, or you’ll lose every penny deposited in this crooked crypto scheme!

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. There is nothing much more to say other than to agree fully with the above. A current list of previous domain names used by the scammer are bitswet, trezbit, trezxbit, Auecoin, trahbit, wixybit, ebalabit, fastxbit and vdulbit.

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