ByteBit Review – All the Faces of ByteBit Crypto Scam

First, we want to open this ByteBit review by saying that many domains use the same name. Therefore, your fraudster might be one crypto provider or another, but it all comes down to the same – you lost your money, and you want it back.

Let’s elaborate more on all these sites, their common things, and their differences. We hope that, by the end, you will have some useful tips in your hands.

Who Is ByteBit Exchange, and Is it Legit?

So far, it remains unknown who ByteBit is. Better said, the owners behind the scenes are anonymous. Both known websites are currently inaccessible, but even while active, we were unable to find information regarding the owners.

We found only claims about being registered in the US, more specifically, the State of Colorado. Indeed, if you check the Colorado register, you will find ByteBit Limited, incorporated in November 2023. Since the register doesn’t specify any domain this company uses, it remains a question of whether our scammer belongs to this firm or not. Even if so, the exchange needs to obtain a permit from the SEC or FINTRAC to provide legitimate services. ByteBit exchange failed to do so. Consequently, we can say the alleged registration doesn’t matter, even if it really belongs to the brand we’re reviewing.

Who Are the Victims of ByteBit Scam? – Reviews and Analytics

Based on a couple of ByteBit reviews we found and our website analytics, we can say this company mainly targets users coming from the following countries:

• United States
• Germany
• United Kingdom
• Japan.

Besides these, we found several comments from Australia and New Zealand. You will notice a pattern – targeting wealthy countries in order to extract as much money as possible. At present, all sites are inactive, showing a clear intent of these schemers to simply vanish with your capital. If you need assistance in recovering it, book a free consultation with our experts.

Leverage, Commissions, and Other Fees

Typically, legitimate crypto exchanges will transparently display fees and other costs for their users. Since we have already determined that the ByteBit crypto provider is not legitimate, it’s not surprising to learn that no costs have been shown.

Besides standard trading, the firm promoted various ICOs. It was a trick to prevent investors from getting their money out, as they were unable to submit a withdrawal request before the coin was on the market. And yet, ByteBit fees for this and all other services remained unknown.

ByteBit Trading Conditions

We cannot tell much about ByteBit trading conditions and other services. According to reviews, the firm was providing false market data that made it seem like customers earned a lot. However, it was all designed to extort higher deposits. The main thing for success was a bogus trading platform.

ByteBit Platform Choice

While not many exchanges offer something other than a web-based app, there’s a big difference between regulated and unregulated services. With a regulated firm, you know they have to stick to certain standards, keep your deposits safe, and provide accurate market data.

Unregulated ones, on the other hand, can do whatever they want. According to ByteBit complaints, this firm is changing crypto prices to present significant profits that would motivate traders to invest more. In addition, they also use fake ICOs and reward programs to prevent payouts.

Are Mobile Apps Available?

If you check the AppStore and PlayStore, you won’t find the ByteBit app for Android or iOS. The website may have contained the download link, but we advise against using compromised software.

ByteBit Accounts

Crypto exchanges don’t normally offer typical account types like brokers. Instead, they might offer tiered accounts, where the fees are lowered with a higher transaction volume. 

According to everything we’ve learned, ByteBit didn’t have such incentives. All clients were treated equally, and all ByteBit login credentials were blocked once all the sites disappeared.

ByteBit Customer Support – How to Reach Them?

At some point, the company has social media accounts, such as Instagram and X (Twitter). However, these seem to be out of use for a good while. 

Other than that, you could use a web contact form or an email to get in touch. Yet, if you asked about the ByteBit withdrawal request you submitted, there was a chance you’d never get a response. Since the website is no longer in use, clients have no direct way of contacting the exchange.

What to Do If I Was Scammed By ByteBit Exchange?

If you were scammed by one exchange or another using the name of ByteBit, let us know. You can report your case to the local authorities, but it might take a while for them to start the investigation.

While you wait, you can book a free consultation with our chargeback experts. Our crypto forensics team can track down your coins and see if there’s a chance of recovery. If so, you’ll get detailed guidance on how to do it. Don’t waste more time. Book your free consultation today.

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