VBit Limited Review: Scam Or Legit? | Recover Lost Funds

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

 VBit Limited has been identified as a risky opportunity by Intelligence Commissioner users. We’ve received over 6 complaints against VBit Limited.

VBit Limited, which is under investigation for possible involvement in a financial pyramid scheme, has red flags such as unrealistic returns, phony executives, and a lack of transparency disguised behind a UK shell company. The Central Bank of Russia’s warning raises serious worries. Investors should conduct extensive research and exercise caution when dealing with VBit Limited or similar enterprises due to recorded complaints.


Key Takeaways

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

Is  VBit Limited Regulated? Do They Have a License?

In recent news, VBit Limited, a purported investment company, has come under scrutiny due to its alleged involvement in a financial pyramid scheme. The Central Bank of Russia, in a warning issued on October 11, 2023, has identified several concerning signs associated with VBit Limited’s operations. This article seeks to delve deeper into the allegations against VBit Limited, shedding light on the company’s questionable practices and the potential risks for investors.

The Central Bank of Russia has raised alarm bells by identifying VBit Limited as exhibiting signs of a financial pyramid scheme.

This scheme is characterized by a combination of pyramid recruitment and a Ponzi investment model. VBit Limited entices potential investors with the promise of exorbitant returns, claiming up to 300% after just five days.

Such unrealistic returns should be approached with caution, as they are often indicative of fraudulent activities.

Further investigation, an online publication specializing in MLM and investment schemes, has revealed additional concerning information about VBit Limited.

On October 9, 2023, VBit Limited utilized fake executives, represented by stolen profile photos. This deceptive practice raises serious doubts about the legitimacy and credibility of the company.

Investors should exercise extreme caution when dealing with an organization that resorts to such unethical tactics.

VBit Limited

VBit Limited attempts to establish an air of legitimacy by hiding behind a UK shell company. The use of shell companies is a common strategy employed by fraudulent entities to obscure their true identities and evade accountability. The lack of transparency surrounding VBit Limited’s corporate structure raises red flags and casts doubt on the company’s intentions.

In an attempt to instill confidence in potential investors, VBit Limited claims to offer “rug pull insurance.” This term refers to a safeguard against sudden and unexpected losses resulting from fraudulent activities. However, it is crucial to approach such claims with skepticism, as they may serve as a smokescreen to attract unsuspecting individuals into a potential scam.

The Central Bank of Russia‘s warning regarding VBit Limited suggests that the company either has ties to Russia or is actively targeting Russian investors. This revelation should serve as a wake-up call for individuals considering investing in VBit Limited. It is crucial to conduct thorough due diligence and seek advice from reputable financial experts to safeguard one’s hard-earned money.

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

VBit Limited


Trading Conditions and Deposit/Withdrawal Methods at  VBit Limited

VBit Limited accepts various payment methods for investment purposes. These include traditional methods such as bank transfers, as well as digital currencies like Bitcoin and Ethereum. While the availability of multiple payment options may seem convenient, it is essential to exercise caution when entrusting funds to a company with questionable credibility.

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.


 VBit Limited Customer Service: Do They Handle Complaints Well?

One important aspect to consider when evaluating the credibility of an investment company is its ability to handle complaints effectively. Unfortunately, there have been numerous reports of unsatisfactory customer experiences with VBit Limited. Complaints range from difficulties in withdrawing funds to unresponsive customer support. These factors indicate a lack of accountability and raise serious concerns about the company’s commitment to its investors.

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.

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 VBit Limited Reviews: What Do Others Say?

Online forums and social media platforms provide valuable insights into the experiences of VBit Limited’s customers. A quick search reveals a mix of opinions, with some individuals expressing satisfaction with their investment returns, while others raise concerns about the company’s practices. It is crucial to approach these reviews with a critical mindset, considering both positive and negative feedback before making any investment decisions.

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  VBit Limited 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  VBit Limited 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  VBit Limited, chances are, you wouldn’t find many legitimate reviews.

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

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

VBit reviews coverage

You should always look out for consumer complaints. In the case of  VBit Limited, 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  VBit Limited? You can share your complaint in the comment section or submit an anonymous tip.


Is  VBit Limited Legit Or Scam?

VBit Limited’s alleged involvement in a financial pyramid scheme, as highlighted by the Central Bank of Russia, raises serious concerns about the company’s operations and credibility. The use of deceptive tactics, such as fake executives and stolen profile photos, further undermines trust in the organization. Potential investors are advised to exercise caution and conduct thorough research before engaging with VBit Limited or any similar investment opportunity. Remember, vigilance and skepticism are crucial when it comes to protecting your hard-earned money from potential scams.

 VBit Limited 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  VBit Limited 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  VBit Limited?

All the evidence suggests that  VBit Limited 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  VBit Limited a scam?

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

Can I withdraw money from  VBit Limited?

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

Where is  VBit Limited Located?

There is no information available on the location of  VBit Limited

How do I get my money back from VBit Limited?

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

How the VBit Limited 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.


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VBit Limited Review: Scam Or Legit? | Recover Lost Funds
VBit Limited Review: Scam Or Legit? | Recover Lost Funds
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