BGMcrypto is an anonymous crypto exchange platform and an investment scam at one place. The website allows users to use real cash to buy digital currencies. Then, by choosing an investment plan, clients can deposit cash and allegedly have a percentage of return every once in a while.
Unmistakably a total scam, BGMcrypto doesn’t own a proper license by any regulatory body to engage in providing the described services. So, our BGMcrypto review is here to expose yet another petty fraud that looks for any chance to earn some coin in the filthiest way possible.
For that reason, we first checked the BaFin register of regulated financial entities and found nothing similar to BGMcrypto. Following that claim is another one about the firm now being headquartered in the US. CFTC and NFA, two of the strictest regulatory duos in the world have neither authorized this swindler.
Crypto fever has been going on for years now, and it doesn’t seem like the popularity of digital coins is dropping any time soon. Numerous investors, driven by optimism and the fear of missing out, have tried their luck with crypto. Sadly, many of them got burned because they decided to put their capital into the hands of cyber criminals.
Naturally, they wouldn’t have done so if they knew what they were dealing with. However, the scam agents are so unmistakably eloquent and their offer irresistible that someone has to fall for it sooner or later. Huge returns with minimum effort cannot sound more attractive.
The swindler leads you through the entire account set up process, software installation and account funding. For ease of access they convince you to install AnyDesk or TeamViewer and then they steal your sensitive info to defraud you through other channels.
Props to BGMcrypto for their capacity to spread the word about their platform so fast and gain so many clients in a relatively short time. Definitely not a thing to brag about, but rather fear. The amount of complaints against this broker is alarming to say the least.
Here’s the list of countries, where BGMcrypto seem to be most active:
We advise you to be cautious if you’re a resident in any of the most targeted countries. If you were approached by the scammer at some point, feel free to ask us for advice on how to protect yourself properly.
The exchange itself works on a web-based platform that features a wide palette of crypto currencies you can buy and exchange. Whatever attributes BGMcrypto has assigned to this abomination of a platform, we tend to disagree.
BGMcrypto specializes solely in the crypto exchange domain. The platform itself gives you an opportunity to buy digital coins and then exchange them. That is not the only way this swindler lures you into investment traps they’ve laid out for you.
You can also invest money with BGMcrypto and wait for the promised returns, that probably never comes around, but that’s not what the thief tells you. Either way, a total number of 38 crypto currencies is available and some of the most traded ones are BTC, ETH, MOUT, HYB, KMW, HAW, GHS, BRC, AONT and many others.
Opening an account at BGMcrypto is impossible without an Invitation Code. The cyber criminal certainly tries to keep a low profile. So only customers that are able to join are those invited through the referral program. We’ll go into details about that aspect in a bit.
As for the personal account, we couldn’t find out the particularities of it due to not having the mentioned code. Despite having an account with BGMcrypto or not, regulatory rules would obligate them to be transparent about what account types and investment plans offer. This swindler doesn’t reveal anything for that matter.
Since joining the platform requires having an invitation code, we can assume that BGMcrypto has introduced a referral program for their existing customers. These schemes are useful only for the scammers. With minimum effort, they can gather new victims because they have existing customers do that for them.
The clients with their current profiles are promised special commissions or bonuses from each referral. Driven by this false hope of extra profit, they will bother their friends, family and coworkers to invest into the fraudulent scheme without even being aware what harm they’re causing.
Do not for a second hope to get a chance to withdraw funds from a fraudulent firm you’ve invested with. Robbing clients of their deposits is how unscrupulous websites and incognito companies get rich. The whole idea behind their conduct is to get as many people as possible to invest and then disappear with their funds. The victims are all hopeful and waiting for the promised returns that never actually come.
BGMcrypto doesn’t have an independent legal document that outlines the withdrawal procedure, fees, and conditions pertaining to payouts. This leads you to believe they do not offer transparency and are not in the least honest about the withdrawal steps.
When they don’t reveal anything considering these processes, they can impose sudden fees, conditions and banal reasons to completely deny your requests.
If you’re certain you were defrauded, please do not hold back from contacting us. The more time you wait, the slimmer the chances for recovery to happen. Whenever you find fit, you can contact us for free consultation.
Our services are always at your disposal, just say the word. The only thing we ask for in return is all the information you have on this or any other fraudulent firm, that would help us pinpoint the scammer and alert the authorities. The first conversation with a legal expert is completely free, so do not hesitate to reach out.
BGMcrypto is a fraudulent crypto exchange and investment platform that operates without a legal license and is run by a fully anonymous firm. Investing with such entities is a mistake, so contact us if you’ve already been defrauded by them.
Crypto currencies are the only available tradable instrument at BGMcrypto.us. The total number of available digital coins is 38.
Since there’s no official Withdrawal Policy document, you will not find this information disclosed anywhere on the site.
BGMcrypto is a fraudulent crypto exchange and investment platform that operates without a legal license and is run by a fully anonymous firm. Investing with such entities is a mistake, so contact us if you’ve already been defrauded by them.
Crypto currencies are the only available tradable instrument at BGMcrypto.us. The total number of available digital coins is 38.
Since there’s no official Withdrawal Policy document, you will not find this information disclosed anywhere on the site.
The post BMGcrypto Review – Firm That Gets Rich Through Crypto Scam appeared first on Global Fraud Protection.
