Site Deactivated – Customer Feedback for Bitcoin Tradr (2024)

FAQs

Can I get my money back if I got scammed from Bitcoin? ›

Cryptocurrency payments typically are not reversible. Once you pay with cryptocurrency, you can only get your money back if the person you paid sends it back. But contact the company you used to send the money and tell them it was a fraudulent transaction.

Bitcoin Trader is not a trusted broker because it is not regulated by a financial authority with strict standards. We would not open an account for ourselves with them. If you want to stay safe, only sign up with brokers that are overseen by a top-tier and stringent regulator.

To see if a site is registered, visit fincen.gov/msb- registrant-search. Registration alone won't protect you from fraud, but most scams involve unregistered entities, people, and products. 3. No physical address, it's clearly fake, or offshore.

Signs of crypto scams include poorly written white papers, excessive marketing pushes, and get-rich-quick claims. Regulatory agencies, such as your state's consumer protection office or the Consumer Protection Bureau, are the best places to contact if you suspect you've been the victim of a scam.

Contacting the Authorities. Once you have gathered the necessary evidence, it is crucial to report the cryptocurrency scam to the appropriate authorities. Taking prompt action will increase the likelihood of recovering your funds and help prevent others from falling victim to the same scam.

Once confirmed, the transaction is permanently recorded on the blockchain, making any alteration or reversal impossible.

Kraken. Kraken is one of the oldest and most well-established global crypto exchanges with industry-leading educational resources and security features. Kraken is one of the safest crypto exchanges for investors looking to trade 200+ cryptocurrencies.

To quickly check if a site is legit or a specific URL is safe, use a website safety checker like Google Safe Browsing. According to Google, their website checker “examines billions of URLs per day looking for unsafe websites,” which makes this a great website safety-check tool.

Can you track a Bitcoin scammer? ›

Yes, contrary to popular belief, most cryptocurrency is traceable with the right tools and expertise. Blockchain ledgers that record cryptocurrency transactions use a unique address of numbers and letters to identify each user.

Look for reviews, ratings, and feedback from other users. Long, deceptive, or unsecured URLs. Scammers often start their scheme through fake websites with URLs that closely resemble those of legitimate wallet providers. Make sure the URL you're accessing the wallet from has SSL (https://).

Bitcoin payments are irreversible

A Bitcoin transaction cannot be reversed, it can only be refunded by the person receiving the funds. This means you should take care to do business with people and organizations you know and trust, or who have an established reputation.

If you paid by card or PayPal

If you've paid for something you haven't received, you might be able to get your money back. Your card provider can ask the seller's bank to refund the money. This is known as the 'chargeback scheme'. If you paid by debit card, you can use chargeback however much you paid.

Once the stolen funds are traced to specific addresses or entities, recovery efforts can commence. This may involve working with law enforcement agencies, regulatory bodies, and cryptocurrency exchanges to freeze accounts, seize assets, or negotiate returns.

Banks often refund scammed money, but it's not guaranteed. The likelihood of a refund depends on your bank's policies, the type of scam, the payment method used, and how quickly you report the fraud. To increase your chances of recovering your money, take these steps.