I Got Scammed by Bitcoin Brokers and I Have Not Clue What to Do

I got scammed by Bitcoin brokers. That’s a statement that you will hear a lot on the internet these days. Why? Because more and more Bitcoin brokers (read scammers) are emerging on the surface with the passage of time. Bitcoin was already the most famous cryptocurrency in the world. However, due to the current Coronavirus pandemic, things seem to favor this currency even more in the coming times. For that reason, while there is a huge inundation of people who want to trade Bitcoin, there is also a big deluge of online scammers who are scamming people in the name of Bitcoin trading – like Orcas beaching to kill seals.

I Got Scammed By Bitcoin Brokers – But Why?

There can be many reasons behind that fact that some fake Bitcoin broker has scammed you. Let’s discuss some of the most common reasons.

·         You Needed Money Desperately

So, you needed money desperately and thought trading Bitcoin was going to be the best way to make some quick cash. That’s what millions of other people around the world are thinking right now as you read this sentence. They are looking for ways to make money and their eagerness to find easy ways makes them fall for traps set by online scammers. So, when you need money desperately, you become blind to a lot of things that should ring the bell for you that you are about to fall into a trap.

·         You Tried Trading for the First Time

When you think about trading, you imagine an asset, a few moving charts, and the “buy” and “sell” buttons. Yes, that’s how easy trading seems to new traders, and that’s what makes scammers take advantage of them. They create a dummy system that looks like a trading platform. They then ask traders to join their trading platform for trading. Of course, a trader has to deposit money in his/her account to trade, and that’s where the scammer makes money.

·         You Trusted the Online Advertisements

Online scammers are great at marketing and advertising their bogus services. They understand how the internet works, and how they can create a buzz around their name to make people sign up with them. They create a name for their (fake) brokerage at first. After that, they create a website in its name. Later, they put a few interviews in a video about Bitcoin to make it seem as though investing in Bitcoin is the only way to make money anymore. Lastly, they put the faces of some celebrities on the website to make their “system” seem trustable.

To put icing on the cake, they create many clones of this website and spread word about them on the internet. In other words, they make it more probable for innocent traders to fall for their scam.

I Got Scammed by Bitcoin Brokers – What Do I Do Now?

There are three ways you can tackle this situation. Let’s talk about them one by one and leave it to you to decide which path you want to pick.

·         Do Nothing

It is sad but true that most online traders choose this path. They don’t feel any power over the online broker. They can’t find any online authority that they can approach to get their money back. More importantly, they think the entire legal process will make them spend more than they are out to recover. Based on these thoughts and ponderings, most traders close their trading accounts and decide never to trade again. As plain and simple as it may sound, this is the worst way to react to a situation like this.

·         Do Something on Your Own

There is nothing wrong with doing something on your own. However, the ground reality is that you won’t get anywhere with your hard work and endeavors. First of all, the broker that has your money is 100% not regulated, which means there is no regulatory authority that you can approach to file a complaint against the broker. Secondly, the broker (scammer) you have signed up with is headquartered in a country thousands of miles away from you. You just don’t know where to start. Does it mean the answer to “I got scammed by Bitcoin brokers” is to never trade again? Not at all!

·         Contact Money-Back

The only unique service that is helping traders get their money back from online scammers and bogus brokers is Money-Back. Money-Back has been designed to provide these exact services i.e. help you avoid signing up with fraud brokers and provide you with legal assistance in getting your money back. If you think the money you have deposited in your online trading account is never coming back, you are wrong. With a team professional lawyers, experienced traders, and knowledgeable psychologists, Money-Back has created a system and process that gets your money back before you know it.

Here is what you are thinking right now, “So, I got scammed by Bitcoin brokers and now I have to spend a fortune to get my money back?” You will be glad to know that Money-Back has a very flexible pricing model. In fact, you can go for an initial consultation with the professionals from the company without spending a dime. You can discuss your case for the lawyers to figure out how much potential your case is. If there is even 51% of winning your case, Money-Back will provide you with the much-needed help. You can negotiate the price of services to fit your budget.

Final Thoughts

With so many Bitcoin scammers on the internet today, you don’t have to consider yourself the only unlucky person to fall in the trap. Hundreds of aspiring traders and investors fall into this trap every day around the world. However, four years ago, these traders had no place to go to get help and recover their money. Today, they have a unique service like Money-Back that they can use to get their money back from online scammers and fake brokers. In the end, you are highly recommended to spend time researching and using online scam radars before you sign up with an online broker ever.

If you feel that you have been scammed by a broker then you are welcome to visit our Investment and Trading Scams page, for more information or visit our contact page to get help.