​Heads Up for These Fake Exchangers!

As a smash hit, investment in cryptocurrencies has been a hotbed of illegal trading platforms growing with abandon. As a result, a lot of investors are swindled and harmed. In this case, two fake exchanges are disclosed herein, which you are well recommended to stay away from!

Bitswap

After an acquaintance with a so-called ‘tutor’ online, Mr. Zhao was guided to conduct several investments via Huobi which ended up with profits, thus investing all his savings in this regard. The ‘tutor’ then tempted Mr. Zhao to transfer his money to Bitswap and his account was frozen soon after.

According to Bitswap, another USD 100,000 was required if Mr. Zhao attempted to unfreeze his account. Owing to the lack of money, he turned to his ‘tutor’ who was thereby annoyed and blacklisted him online.

In fact, Bitswap is nothing but a fake exchange without official websites or customer services.

Bitz

Playing tricks similar to Bitswap, ‘tutors’ from Bitz provide users with some basic knowledge of digital currencies and mainly teach them how to top up USDT throng Bitz. Users accounts are frozen soon after their recharging, and taxes are a precondition for successful withdrawals! Obviously, profiting from taxing users is a fraud, riding a wave of unclear policies on cryptocurrency taxation at present.

Have you been harmed by illegal platforms in this field？ Please disclose your experiences via WikiBit for free in a bid to let scammers find nowhere to hide!