Appbitfpro is registered with Gname.com for one year, beginning on July 3, 2023. The registrant contact for this website is located in Fujian, China, and it is hosted on the CloudInnovation infrastructure.
The site has a SEMrush Authority Score of 2% and has received 5 backlinks from 4 referring domains. However, it only has one page indexed on Google, which is the homepage named “Better Trading Better Life.”
The site, although designed to resemble a mobile app, is composed of a single image and two links that direct users to download their software.
The BiTF Trading Platform, as shown in the image, asserts itself as “The World’s Largest Crypto Copy Trading Platform,” allowing users to replicate trades from over 10,000 elite traders without incurring any expenses, hence increasing their potential profits.
The platform additionally showcases a “Global Trading Competition” featuring a prize pool of 100 BTC. It highlights affiliations with esteemed companies like Juventus football club and PGL Major, suggesting potential synergies with the esports industry.
In its final remarks, the website encourages readers to acquire the “BIT crypto trading app” to participate in bitcoin asset trading.
Red Flags of Appbitfpro
Consider the following factors to prevent engaging with deceptive trading platforms:
1. Beware of exaggerated assertions: Exercise caution when encountering assertions that guarantee substantial profits with little or no investment, as they are frequently unrealistic and intended to attract the easily deceived.
2. Insufficient Company Information: A reputable trading platform should offer clear and comprehensive regulatory information, including licenses, registration numbers, and compliance details with financial authorities. The absence of this information is a clear indication of a problem.
3. Restricted Contact Information: Genuine platforms provide many connection methods for client support. Exercise caution when using a platform that does not provide precise contact information, such as addresses, emails, phone numbers, or social media profiles.
4. Questionable Collaborations: Validate assertions of alliances with recognized institutions. Unfounded claims are frequently used to enhance credibility.
5. Singular Focus on App Downloads: If a platform primarily prioritizes downloading programs without presenting meaningful facts about their operations and security measures, it should be treated with skepticism.
6. Valuable Competition Prize: Exercise caution when encountering extravagant assertions such as a substantial prize pool, and seek out clear and explicit terms and conditions. The absence of clearness gives rise to doubts regarding the authenticity of such competitions.
7. Downloadable APK: Exercise caution when obtaining APK files for Android devices from sources other than official shops such as Google Play, as this may potentially expose them to security vulnerabilities. It is crucial to always consider security while acquiring programs for their smartphone.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Appbitfpro is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Appbitfpro, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
One of the customer complaints on Appbitfpro is that On January 5, 2024, we were presented with the following grievance:
An amount of $19,000 has been immobilized by the application, and they are currently demanding payment of taxes.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
Although there have been some analytical assessments, it is clear that there is a noticeable lack of reviews or debates regarding the BiTF Trading Platform on Appbitfpro.com. Webparanoid.com has classified Appbitfpro.com as ‘Suspicious,’ which is one of the few warning signs linked to the platform.
Our Appbitfpro Review is a pioneering analysis that aims to provide a comprehensive understanding of the complexities of this application.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Appbitfpro tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Appbitfpro reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Appbitfpro, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Appbitfpro enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Appbitfpro reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Appbitfpro.
You should always look out for consumer complaints. In the case of Appbitfpro, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Appbitfpro? You can share your complaint in the comment section or submit an anonymous tip.
We have undertaken a review of Appbitfpro and the BiTF Trading Platform, focusing on their claims and features surrounding cryptocurrency trading platforms. During our research, we noticed that a user reported a major loss of USD 15,000, which warrants additional investigation.
Furthermore, the platform’s concise domain registration, absence of regulatory information, and restricted internet presence give rise to skepticism regarding the legality of Appbitfpro.
It is noticed that the site does not deliver the transparency generally found in trustworthy financial services, despite its attractive offers of zero-cost copy trading and competition prizes.
The absence of extensive contact information, questionable relationship declarations, and reliance on APK downloads instead of legitimate app store channels heighten worries about customers’ security and investment safety. While we cannot determine that Appbitfpro is a scam, the observed red flags are strong and require cautious consideration for any prudent investor.
Our assessment emphasizes the need for constant alertness in an industry where transparency should be dominant but is frequently challenging to achieve. We will persist in observing Appbitfpro and furnish our readers with updates and tailored guidance. Hence, we strongly urge individuals to remain well-informed, have a critical mindset, and prioritize the safeguarding of their digital endeavors.
Appbitfpro is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Appbitfpro can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Appbitfpro?
All the evidence suggests that Appbitfpro is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Is Appbitfpro a scam?
Can I withdraw money from Appbitfpro?
Where is Appbitfpro Located?
How do I get my money back from Appbitfpro?
Launch a website/app with a generic name
A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.
Pay influencers & social media pages to promote the scheme
By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.
Send thousands of emails and make cold calls to potential victims
It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.
Make victims feel safe through “small wins”
Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.
Convince victims into investing large sums of money
Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.
Disable withdrawals & take down the website/app
Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.
Repeat the cycle
After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.