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There has been an uprise of bitcoin scams in Australia and here’s everything you need to know about it
According to a recent study by CoinTelegraph, it has been found that Australians have lost over $14M to Bitcoin Scams in 2019 and the figure is expected to rise even further in 2020. Young people aged 24-35 were the most affected because all they wanted is to get rich quickly and earn a lot of money in a short amount of time. But the truth is that they lost everything in quick succession. Bitcoin being the leading payment that empowers all such scam practices, one should be very aware of the fact as to how and when to invest their money with a broker.
Bitcoin Scams in Australia try the same old tried and tested formula for scamming the innocent traders. They first design a very aesthetically pleasing website with the help of top-class developers. Then they hire highly successful salespersons and marketing experts to promote their website to the general public. It is said that they work day in day out just to scam victims out of the blue. Soon enough, funds start to pour in and investors start investing with them.
These investors are doing nothing but playing a video game instead of trading. And that is reflected when they see that they are constantly making profits no matter how they trade. Owing to the greed of earning more money, soon they find themselves investing a large sum of money. When the profits start to pour in, they try to make a withdrawal request that is not paid heed to. Soon, they realize that they have been victimized. After a few days, the website is no longer accessible.
It is very easy to decipher a bitcoin fraud. First of all, if the broker is providing you insane returns, there is a high chance that it is a scam. Secondly, if the broker is completely new and doesn’t have any social media or proper reviews to back it up, then it can also be just another bitcoin scam. Also, if the salespersons are pressurizing you to invest a lot of money at one go giving you false hopes of earning a lot of profits, then there is a high chance that the broker is a fraudulent one and you should stay away from it.
The bitcoin scams list is literally endless and at the end of the day, it is preferred that you verify a broker before deciding to invest with them. Also, if you have ended up losing a lot of money and have no hopes of getting it back, it is highly suggested to look for a good fund recovery group that is going to help you recover the money within a specific time frame.
About First Option Recovery
First Option Recovery is the top choice when it comes to recovering your money from all kinds of scams. Having recovered more than $3M from bitcoin scams alone, they are poised to be the best in the lot. Contact them with your query and they are going to sort out a plan to help you recover the entire amount that you lost in some fraudulent trade.
Contact:
Call Now : 1-315-275-2894
Email: info@firstoptionrecovery.com
Website: https://www.firstoptionrecovery.com
Company Type: Direct Employer
Contact Name : allex
Contact Phone: 5678098756
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