Caution! Viperbitcoin is an offshore company! Your funds may be at risk.
Viperbitcoin Key Facts
🔴 Viperbitcoin offers questionable bitcoin related investment opportunities – a clear sign of a scam!
🔴 Viperbitcoin is quite coy with crucial contact information – beware!
🔴 Viperbitcoin lacks any license for the provision of its services – a huge red flag!
🔴 Viperbitcoin’s domain is quite obscure recently – another off-putting detail!
Viperbitcoin products and services
Viperbitcoin is not all that different from other scams like it – it tricks its victims to invest, using unrealistic promises of incredible returns – 20% within 20 days is what the most modes plan with Viperbitcoin claims to be able to achieve. That is not possible.
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.
Viperbitcoin company and regulation
Viperbitcoin claims to be a UK company – it does not present us with a license from the British regulator, however. Looking them up on the online database of licensed companies that the regulator maintains yields no results either – so the only conclusion that can be drawn is that Viperbitcoin lies about its regulation.
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.
Viperbitcoin address and contacts
Viperbitcoin does not provide us with even the bare minimum when it comes to contact information – an address line and a phone number.
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.
Viperbitcoin website info
Viperbitcoin’s domain has been online since May 2020 – in these 10 months, the company has failed to secure a license, which we find to be quite suspicious. The domain has also failed to get enough traffic for SimilarWeb to feature it – another off-putting sign. And finally, the website is hosted on the 126.96.36.199 IP address, which comes from the States and features over 900 other entities – among which, a number of scammers. The ones we have reviewed can be found below:
The company has failed to live up to transparency standards one last time too – its owners are not available when looked up on the WhoIs database.
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.