Don’t be tricked by the reviews for Saxful.com, This cryptocurrency exchange platform claims to be a safe and secure website for crypto trading which is a scam. The site falsely claims you can easily make money in the cryptocurrency or bitcoin market just by visiting their website and signing up for an account.
Saxful.com Crypto Scam
The ads on Facebook promote Saxful.com as a legit and safe crypto trading website. The goal is to trick you into investing and paying fees while controlling the funds and preventing you from accessing your money.
Red Flags for Saxful.com
Misleading terms and conditions link
Clicking on their “Terms and Conditions” link redirects users to a sign-up page instead of displaying the actual terms. The site is missing essential menus like “About Us”.
False claims about establishment date
Saxful.com claims to have been around since 2018, but a Whois.com search shows it was registered on 21-05-2024 and is set to expire on the same date.
Fake endorsements
The website claims to be featured on Bloomberg, Forbes, Wired, Coinbase, and Yahoo News. However, a search on these platforms shows no mention of Saxful.com.
Absence From Social Media
A real cryptocurrency exchange should be active on social media, like Facebook, so users can share complaints and get updates. If they’re not, it’s harder to trust them.
What To Do If You Fell For The Saxful.com Scam
Cancel your credit card
Immediately call your financial provider and cancel your credit card. By so doing, the credit card details you used for your transaction would become null and void.
Request for a new card
After the old credit card has been canceled, ask for a new card, it doesn’t cost much to get one. Your credit card issuer will issue you a new one with different numbers.
Report the Fraud To Relevant Authorities
Report the scam to relevant authorities and organizations. This includes:
- Better Business Bureau (BBB): File a complaint with the BBB if the online store is based in the United States.
- Internet Crime Complaint Center (IC3): If you are in the United States, you can file a complaint with the IC3 at https://www.ic3.gov/.
- Your Local Consumer Protection Agency: Contact your local consumer protection agency or the equivalent regulatory body in your country.
Also read: Beware Of Nellcoin.com
Samantha