bitify.net is a fraudulent cryptocurrency exchange platform designed to scam users through fake trading activities and false promises of high returns. The platform falsely displays a 5-star Trustpilot rating, while in reality, it holds a much lower score of 2.2 stars, reflecting its poor service and dishonest practices. bitify.net operates as an unregulated exchange with inadequate customer support, leaving many users unable to retrieve their funds after making investments.

Specific Complaints

Multiple users have reported losing substantial amounts of money due to the platform’s fake trading system. One user reported a loss of $1,000 after making a cryptocurrency investment through bitify.net, which they were unable to withdraw.

A Trustpilot user review

I Lost almost $32,000 to this fake exchange called Bitify.net yesterday 9-29-24. I researched and many others have had the same experience. This website is the same exact exchange as MiramaxCoin, Biteq, Cryptonito and many others. You can transfer your coins in and then they want an addition $5k of USDT transferred in again for verification. But they still will not let you transfer out your money from their exchange. What can be done???

Receiving Address Analysis

The receiving address used in this scam is 0x0959d62B517E0CCc41D39505C85A7EAA18AfA573. Analyzing the transaction history shows that this address is linked to multiple fraudulent activities, with several users transferring cryptocurrency without being able to withdraw their funds. This type of address activity is consistent with other fraudulent exchanges that launder stolen crypto funds.

Domain Analysis

bitify.net’s domain was created on January 11, 2021, and is set to expire on January 11, 2026. The most recent update to the domain occurred on. September 13, 2024, indicating that the site is actively trying to maintain its scam operation. The registrar’s abuse contact number is U.S.-based, but no real regulatory oversight is in place, allowing the platform to continue its fraudulent activities without consequence.

Website Review

itify.net falsely claims high user ratings on Trustpilot and other review platforms to lure unsuspecting investors. In reality, the platform has received significant negative feedback, with users reporting massive financial losses. The lack of proper customer support and refusal to allow users to withdraw funds are tell-tale signs of a scam. The platform uses the same tactics as other known fraudulent exchanges, such as requiring additional deposits for verification, only to continue denying withdrawals.

bitify.net Bottom Line

bitify.net is an unregulated and fraudulent crypto exchange that has defrauded many users through fake trading schemes and false promises. Its displayed Trustpilot rating is fabricated, and the platform operates without any real customer support or regulation. Users are strongly advised to avoid bitify.net and any similar platforms, as they are designed solely to steal funds through deceptive practices. Be wary of any exchange that asks for additional deposits for verification or denies withdrawal requests.