Cryptocurrencies have gained immense popularity and offer great profit potential. Reputable websites like MEXC have become popular for cryptocurrency exchange. However, there are also fraudulent websites that mimic legitimate ones, such as WixyBit, and it is important to be aware of these scams. In this article, we will explore how they are committing fraud.
Is Wixybit a Licensed Broker?
There is skepticism regarding the legality of WixyBit’s operations and its association with legitimate companies. Even if it were associated with legitimate companies, it would still be considered a scam. The parent company could be an offshore IBC or another difficult-to-trace entity. The crucial point is that WixyBit is not a licensed cryptocurrency exchange, a fact that can be easily confirmed through basic research.
WixyBit refuses to provide any contact information, which is understandable given that it has been proven to be a scam. Scammers typically hide their true location, phone numbers, and email addresses to avoid being caught, and WixyBit is no exception.
Why Should Not You Trust an Unlicensed Broker?
The lack of regulation puts your investments in jeopardy if you choose to deposit with WixyBit. You will not have access to any complaint resolution or financial protection measures, leaving you vulnerable to full losses in case of any issues.
Can Wixybit Be Trusted?
When you cannot find any information about the license or regulation, it is recommended not to trust any broker. The same thing applies to Wixybit.
What Do Traders Think Of Wixybit?
After researching social media and online forums, we found several unhappy reviews about Wixybit. Traders mostly complain about their fake web trading platform, withdrawal policy, etc.
Scammed by Wixybit Broker? – Talk To Our Experts
If you believe you have been scammed by Wixybit, just submit a report. We will analyze the case and contact you for a free consultation. Also, we will provide you with some good service recommendations to get back your lost fund. If needed, we can provide legal help too.