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Bitcoin Scammers – How To Recover Your Money Today

With very little regulation around cryptocurrency, beginner traders are more vulnerable to scams. Today we will uncover who the best bitcoin recovery expert to recover scammed bitcoin are.

Before we cover the best bitcoin recovery expert to recover scammed bitcoin, we want to expose the most common bitcoin scams floating around the internet.

If you have fallen victim to cyber theft and need professional help click here.

Bitcoin Exchange Scam

A very common tactic used by cyber thieves is leading naive traders to invest money on a fake cryptocurrency exchange. The fraudster will impersonate a licensed cryptocurrency broker and gain your trust. Next he will offer advice or better rates if you sign up with their fake company.

Upon depositing your money onto their platform, they will lock you out of your account and keep you from being able to withdraw money. People have lost thousands of dollars to this despicable and heinous trick.

In order to protect yourself from shady cryptocurrency exchanges, you must learn how to distinguish between authentic and fake platforms. One good way to tell if a website is legitimate is by making sure the “https” on your browser is secured.

Another way to spot a fake exchange is to check if you can see cryptocurrencies being exchanged in real time. If there are no trades happening in real time, the platform you’re using is a scam.

The next thing you want to check for is the reputation of the exchange. Does the platform have credibility within the industry? Does this website get mentioned on social media?

Another thing you should always check for are proper security measures including text and email verification & Identification verification. The last thing you must always remember, if there is an “account manager” that’s a huge red flag. The only person that should be handling your money is you!

Checking to make sure the exchange has these things ensure your chances of  being scammed out of your bitcoin are slim to none.

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Best Bitcoin Recovery Expert to Recover Scammed Bitcoin

There are plenty more scams to cover and here is another commonly used tactic by cyber criminals.

Bitcoin Ponzi Schemes

Ponzi schemes have been around since 1879 and nothing has changed. Scammers will impersonate as a bitcoin expert and promise the victim shares in a bitcoin mining pool. The criminals will then encourage the victim to bring on their friends to invest their money into the pool to increase their profits.

This vicious cycle continues and the cyber criminals will bleed their victims dry and then vanish. In order to stay safe from this scam, always remember bitcoin mining can be a very expensive procedure. Most of the time the crooks have no real knowledge of how the mining process works.

For those who are interested in learning about more cyber theft tactics click here.

Bitcoin mining is an extremely difficult procedure, be wary of anybody asking you to join in a bitcoin mining operation. The likelihood of you actually participating in a real bitcoin mining operation is very low for somebody without expendable capital.

Fake Cryptocurrencies

New investors have reported being scammed for their bitcoin by buying fake “alt-coins”. Scammers will convince their victim into buying the next crypto coin that’s supposed to eclipse bitcoin. The fraudster will trick the naive beginner into thinking it’s too late to invest in bitcoin.

If somebody contacts you about cryptocurrency and says it’s bigger or going to be bigger than bitcoin, this is a red flag. Bitcoin is currently the strongest cryptocurrency on the market, nobody knows how well an alternative coin is going to do.

If you need help to recover scammed bitcoin, click here to learn more.

How to avoid Bitcoin scams

Recovering Scammed Bitcoin

The next scams are a bit old in their approach but still can be effective nonetheless.

Bitcoin Email Scams

Cyber criminals will gather email addresses and send an email claiming you are entitled to an amount of bitcoin. They will require you send them your personal information in exchange for the bitcoin. These emails will contain strange names, and random lettering most of the time.

Don’t ever give away your personal information to anybody via email. Your information can be compromised through the exchange process easily.

Bitcoin Malware Ransom

This scam has been around since the 70’s and has evolved throughout the years but the general concept of this scam has remained the same. Malware or “Ransomware” is a computer virus that tricks you into clicking onto a link that leads to your computer being hacked.

After the criminal has access to your machine through the malware, they will hold your computer hostage. The criminal will then lock you out of your computer until you pay them a fee to release control of your system.

The best way to avoid this scam is to never open unfamiliar links, and emails that are sent from strangers.

Bitcoin Pump & Pump Scam

If you are familiar with the stock market, this scam has been used in this market before the existence of cryptocurrencies. This technique was made popular by scammers who would buy “penny stocks” and get unsuspecting victims to purchase these stocks as the prices became higher.

New investors are vulnerable attack due to the way these scams are presented. Scammers will fabricate a fake news article of a celebrity or a well trusted trader endorsing the scam. It’s very easy to fall for this scam because faking a website is fairly simple.

If you happened to fall for any bitcoin scams, here is the best bitcoin recovery expert to recover scammed bitcoin.

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Can Stolen Bitcoin be Recovered?

If you or somebody you know has fallen victim to a bitcoin scam, don’t worry you’re in luck. There are trained professionals that can assist you in recovering your lost bitcoin. The best business that deals with cyber fraud and cyber crime is Cybersphere Security.

Cybersphere Security is an industry leading company that specializes in asset recovery and online fraud investigations. Recovering bitcoin is a tough process and an untrained professional can easily get lost and confused.

In order to get your money back, Cybersphere Security sends highly skilled investigators to uncover specific details and clues that will lead to apprehending the criminals.

What makes Cybersphere Security successful in their investigations is their ability to trace transactions and cypher information in crypto databases. Cybersphere Security is in a league of it’s own and is highly recommended for any online fraud and crypto asset recovery cases.