Skylinebit Review: Scam Or Legit? | Recover Lost Funds

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Is Skylinebit a scam? How to recover funds from Skylinebit? Find the answers to all these questions and more in this guide.


Skylinebit has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to We’ve received over 7 complaints against Skylinebit. is well-known in the cryptocurrency world for being linked to fraud, which has been proven by many reports and investigations. The platform doesn’t have a real website or any proof that it can be trusted, even though it says it gives out bitcoin through YouTube promo codes. It is also dishonest because it uses celebrity pictures without permission and requires a pre-paid bitcoin deposit to enable accounts. Skylinebit’s short-lived business plan, which includes giving away unlimited bitcoins and not having any regulatory oversight, makes it even more likely that it is a scam.

Get Your Money Back From These Scammers!



Key Takeaways

Skylinebit has lost investors thousands of dollars
Skylinebit website owner is anonymous
Vague terms of service

Is Skylinebit Regulated? Do They Have a License? has garnered significant attention and controversy in the cryptocurrency trading community due to its association with fraudulent platforms, as evidenced by a multitude of reports and investigations. Homepage

In addition to the questionable assertions made by personalities regarding the dissemination of bitcoin through YouTube promotional codes, an abundance of indicators point to the fraudulent nature of Skylinebit. To begin with, the organization does not have an authentic online presence and cannot provide verifiable documentation beyond promotional videos.

Regarding Skylinebit, there are no credible details available. Furthermore, the website lacks any tangible proof regarding the distribution of bitcoin rewards in the past. The unauthorized use of celebrity images in the promotional videos further undermines the credibility of the offers. One notable cautionary indication is the prerequisite for users to initiate account activation with a pre-paid bitcoin deposit, a procedure that is not observed on regulated trading platforms.

The recent registration of the Skyline, which suggests a transient operation, diverges from the customs observed in well-established enterprises. In addition, conspicuous indicators of fraudulent activities include the lack of authentic contact details, reduced to a rudimentary contact form, and the unfathomably lavish contributions of complimentary bitcoin. Social media users are strongly discouraged from participating in the allegedly celebrity-endorsed Skylinebit bitcoin giveaway in light of the aforementioned red flags.


The lack of regulation or the presence of poor regulation is a huge red flag. It means Skylinebit 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 Skylinebit, 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?


Concerning Issues Present at Skylinebit

Investigations unveil precise strategies employed by in order to entice unsuspecting victims. The perpetrators employ social media platforms, including Facebook, Instagram, and TikTok, to disseminate fraudulent advertisements that purport to offer substantial discounts or exceptionally low trading fees.


Spam emails are disseminated, instructing recipients to visit the fraudulent website. The act of misrepresenting oneself as a reputable cryptocurrency exchange that provides affordable trading options.

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 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.


Skylinebit Customer Service: Do They Handle Complaints Well?

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 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, customer support won’t resolve your issues and become increasingly unavailable.

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KSkylinebit Reviews: What Do Others Say?

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 Skylinebit 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 Skylinebit reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that 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 Skylinebit, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like Skylinebit enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “Skylinebit reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Skylinebit.

Skylinebit reviews coverage

You should always look out for consumer complaints. In the case of Skylinebit, the most common complaints I found were about:

  • Poor customer support
  • Delays in payments
  • High fees
  • Lack of transparency regarding their leadership team
  • Aggressive sales staff

Do you have a similar complaint about Skylinebit? You can share your complaint in the comment section or submit an anonymous tip.


Is Skylinebit Legit Or a Scam?

The fact that operates as a sophisticated fraudulent scheme has been unequivocally established by exhaustive investigations and evaluations conducted by numerous cybersecurity organizations.

Advocating for fraudulent schemes, including sham initial coin offerings and pyramid schemes, it manipulates victims through the use of deceptive promotional materials and social media.

Skylinebit 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 Skylinebit can run away with your money without any prior notice. It would help if you were 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 Skylinebit?

All the evidence suggests that Skylinebit 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.


Frequently Asked Questions

Is Skylinebit a scam?

According to the online reviews of this company, it’s highly probable that Skylinebit is a scam. You should exercise caution when dealing with them.

Can I withdraw money from Skylinebit?

Yes, you can withdraw your funds from Skylinebit by getting in touch with one of our experts. Get your money back immediately.

Where is Skylinebit Located?

There is no information available on the location of Skylinebit.

How do I get my money back from Skylinebit?

To get your money back from Skylinebit, you can file a chargeback. Learn more here.

How The Skylinebit Online Scam Works

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.

Get Your Money Back Free consultation
If you’ve lost money with Skylinebit, we can help you get your funds back. Schedule a free consultation with our team of experts and we will have a look.
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Skylinebit Review: Scam Or Legit? | Recover Lost Funds
Skylinebit Review: Scam Or Legit? | Recover Lost Funds

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