In June 2024, an alarming incident prompted us to write this review and raise awareness about a fraudulent cryptocurrency platform, bixtstamp.cc.

A victim, lured by a seemingly genuine potential client, was introduced to cryptocurrency through this deceitful website. Initially, everything appeared legitimate, with the scammer assisting the victim in setting up an account and making a substantial deposit of $50,000.

However, when the victim attempted to withdraw their funds, they encountered a shocking response from the so-called customer service. The victim was accused of money laundering and was informed that their withdrawal was restricted. To make matters worse, they were told that an additional $31,000 deposit was required to lift the restriction and access their money. This blatant extortion tactic clearly indicates the fraudulent nature of bixtstamp.cc.

We urge anyone with similar experiences with bixtstamp.cc to come forward and share their stories.

Domain Analysis of bixtstamp.cc

Registered on March 31, 2024, by Domain International Services Limited, bixtstamp.cc’s rapid establishment and activity within a short time frame are concerning.

Hosting information reveals that bixtstamp.cc is hosted by Cloudflare, Inc., a service known for protecting against DDoS attacks and anonymity for site operators. While Cloudflare is a legitimate and widely used service, its association with the domain complicates efforts to track the true origin and operators of the website. Cloudflare’s name servers—reza.ns.cloudflare.com and sage.ns.cloudflare.com—further obfuscates the hosting details, a tactic frequently employed by fraudulent sites to avoid detection and shutdown.

Analyzing traffic and SEO information provides further insight into the site’s dubious nature. Tools like SEMrush show that bixtstamp.cc has negligible organic search traffic and almost no presence in search engine results. The domain does not rank for any keywords, which is unusual for a legitimate business but typical for a scam operation that relies on directly targeting victims rather than organic discovery through search engines.

Additionally, the backlinks to bixtstamp.cc are sparse and low-quality. The two backlinks identified are nofollow links from sites with no relevant or reputable content, which is characteristic of a domain lacking genuine online engagement or credibility. This absence of substantial backlinks or any notable referring domains suggests that bixtstamp.cc has not been recognized or endorsed by legitimate or authoritative sources.

Moreover, the rapid expiration date set for March 31, 2025, indicates a potentially short-lived operation designed to disappear once enough victims have been scammed. Scam sites often have brief registration periods to minimize costs and to facilitate quick abandonment.

Bixtstamp.cc Review

Bixtstamp.cc is portrayed as a sophisticated and comprehensive virtual asset trading service offering various financial products and services, including spot transactions, perpetual contracts, futures, and mining income. The site claims to provide extensive market coverage and seamless trading across various platforms, including iOS and Android, ensuring accessibility and convenience for users.

The website’s homepage is replete with updates on cryptocurrency prices, boasting a user-friendly dashboard designed to attract novice and experienced traders. The site also features sections for a “Beginner’s Guide,” intended to educate newcomers about cryptocurrency trading, and multiple tutorials covering diverse topics such as blockchain oracles and indices computation rules. Additionally, bixtstamp.cc emphasizes its commitment to customer support, offering online customer service and a detailed help center.

The site provides company and regulatory information that further attempts to establish credibility. It mentions that the platform operates under the auspices of Binen Pro, purportedly a global financial product trading service provider. The company claims to offer mainstream international investment products. It aims to bridge the gap between institutional and retail trading, promising fair trading platforms with competitive spreads and robust solvency through advanced technology.

Red Flags

Despite these seemingly professional details, several critical issues raise significant concerns about the legitimacy of bixtstamp.cc:

1. Misleading Claims and Inconsistencies: The platform uses the name “Bitstamp,” closely resembling the legitimate and well-known cryptocurrency exchange Bitstamp.net. This deceptive tactic can easily mislead users into believing they are dealing with a reputable entity. Additionally, references to Binen Pro and Bitstamp without a clear delineation between the entities create confusion and suggest an attempt to piggyback on established names.
2. Lack of Verifiable Information: The site provides no verifiable contact information, such as a physical address, direct phone number, or legitimate email address. It lacks transparency about the actual operators and their legal standing, a significant red flag for any financial service.
3. Dubious Legal and Regulatory Statements: The site’s service agreement is riddled with broad and vague statements about user responsibilities, legal jurisdictions, and the platform’s rights to request documents or disclose user information. Scam sites often use these terms to give themselves leeway to manipulate user interactions and withhold funds under the guise of regulatory compliance.
4. No Real User Reviews or Social Media Presence: A Google search reveals a lack of authentic user reviews and social media presence, essential indicators of a legitimate and active business. The absence of real user feedback and engagement is another significant red flag.
5. Security and Privacy Concerns: The site’s use of Cloudflare for hosting and obfuscating its origin, combined with an unsigned DNSSEC, suggests deliberate attempts to hide its true location and ownership. The privacy and anti-money laundering statements are broad and non-specific, failing to offer real assurances about user data protection.

Bottom Line

In conclusion, bixtstamp.cc exhibits numerous characteristics typical of scam operations. Its misleading branding, lack of verifiable contact and regulatory information, dubious terms of service, exploitative customer service practices, absence of genuine user reviews, and security concerns collectively indicate a high likelihood of fraudulent activity.