‎Bitcoin-365.com Review

Who is:

Bitcoin-365.com is a website that claims to be a platform for trading various cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and Ripple. The website also claims to offer high returns, low fees, and secure transactions. However, bitcoin-365.com is not registered with the OSC or any other securities regulator in Canada. This means that they are operating illegally and without any oversight or accountability. The OSC has received complaints from investors who have lost money to bitcoin-365.com or have been unable to withdraw their funds.

Regulation:

As a cryptocurrency trader, you should be aware of the regulatory status of the platforms you use. In Canada, any person or company that trades or advises in securities or derivatives must be registered with the OSC or another provincial or territorial securities regulator. This ensures that they meet certain standards of conduct and disclosure and that they comply with the rules and laws that protect investors. Bitcoin-365.com is not registered with any securities regulator in Canada, which means that they are violating the law and putting investors at risk.

Location:

Another red flag about bitcoin-365.com is that they do not disclose their physical location or contact information on their website. They only provide an email address and a phone number, which are likely to be fake or untraceable. This makes it difficult for investors to verify their identity, track their activities, or hold them accountable in case of any problems. It also suggests that they are trying to hide their true location and avoid detection by the authorities.

Services:

Bitcoin-365.com claims to offer various services to cryptocurrency traders, such as online trading platforms, mobile apps, educational resources, market analysis, and customer support. However, these services are likely to be either non-existent, unreliable, or fraudulent. For example, online trading platforms may be manipulated to show false prices or transactions, mobile apps may contain malware or spyware, educational resources may be outdated or misleading, market analysis may be biased or inaccurate, and customer support may be unresponsive or hostile.

Reviews:

Bitcoin-365.com also claims to have positive reviews from satisfied customers on its website and social media. However, these reviews are likely to be fake or paid for by the scammers themselves. They may use stolen photos, names, or testimonials from real people or websites, or they may create fake profiles or accounts to post positive comments. These reviews are meant to create a false sense of credibility and trustworthiness for bitcoin-365.com and to lure more unsuspecting investors into their trap.

Customer Service:

One of the most common complaints from investors who have dealt with bitcoin-365.com is that their customer service is either non-existent or very poor. Many investors have reported that they have been unable to contact bitcoin-365.com by email or phone, or that they have received rude, aggressive, or threatening responses from their representatives. Some investors have also reported that they have been asked to provide personal or financial information, such as passwords, bank account details, credit card numbers, or copies of identification documents. This is a clear sign of a phishing attempt or identity theft.

Securing Your Investments: Shielding Against Unscrupulous Brokers:

If you are interested in trading cryptocurrencies, you should be very careful about choosing a reputable and regulated platform. Here are some tips to help you secure your investments and shield yourself against unscrupulous brokers like bitcoin-365.com:

– Do your research: Before you sign up with any platform, do some background checks on their registration status, location, contact information, reputation, and reviews. You can use online tools such as the Canadian Securities Administrators’ National Registration Search (https://www.securities-administrators.ca/nrs/nrsearch.aspx?id=850) or the OSC’s Investor Warning List (https://www.osc.ca/en/investors/investor-tools/investor-warnings) to verify if they are registered or if they have been flagged by the regulators.

– Read the fine print: Before you agree to any terms and conditions, make sure you read and understand them carefully. Look for any hidden fees, charges, commissions, penalties, or restrictions that may apply to your account or transactions. Be wary of any promises or guarantees of high returns, low risks, or instant profits.

– Use secure methods: When you make deposits or withdrawals from your account, use secure methods such as bank transfers, credit cards, debit cards, or reputable online payment services. Avoid using cash, wire transfers, gift cards,

or cryptocurrencies as these methods are difficult to trace or recover in case of fraud.

– Keep records: Keep track of all your transactions, communications, and documents related to your account. This may include screenshots, emails, phone calls, receipts, statements, contracts, or confirmations. These records may help you in case you need to file a complaint or report fraud.

– Report any problems: If you encounter any problems or issues with your account or platform, report them immediately to the platform’s customer service or compliance department. If you are not satisfied with their response or resolution, or if you suspect that you have been scammed, report them to the OSC or your local securities regulator as soon as possible. You can also contact the Canadian Anti-Fraud Centre (https://www.antifraudcentre-centreantifraude.ca/index-eng.htm) or the RCMP (https://www.rcmp-grc.gc.ca/en/contact-us) for further assistance.

Conclusion:

Bitcoin-365.com is an unauthorized entity that claims to offer cryptocurrency trading services. The OSC has issued an alert to warn investors about this fraudulent website. Bitcoin-365.com is not registered with any securities regulator in Canada, which means that they are operating illegally and without any oversight or accountability. They also do not disclose their location or contact information, and they use fake or paid reviews to create a false sense of credibility and trustworthiness. They may also manipulate their platforms, ask for personal or financial information, or provide poor or hostile customer service. Investors who have dealt with bitcoin-365.com have reported losing money or being unable to withdraw their funds. To protect yourself from such scams, you should do your research, read the fine print, use secure methods, keep records, and report any problems to the authorities.