CryptoQS (Crypto-qs.com) lures individuals into using their trading platform and then blocks withdrawals unless the user upgrades to a platinum account for $30,000. Victims reported losing significant amounts of money.

• Dollars Lost: $10,000
• Victim Location: PA, USA- 19134

Scammer Information:

• Website: https://crypto-qs.com/en
• Scam Type: Cryptocurrency

If you have been scammed by CryptoQS, please share your story to help warn others and assist in tracking these scammers.

Crypto-qs.com Domain Analysis

CryptoQS, a fraudulent cryptocurrency trading platform, was registered on April 24, 2024, with NameSilo, LLC as the registrar. The domain is protected by PrivacyGuardian.org, which conceals the real identity and contact details of the registrant, administrative, and technical contacts. The domain, registered for one year, has its servers hosted by Prospero OOO in Ashgabat, Turkmenistan. Despite its relatively new existence, the website has experienced significant traffic growth, indicating a possibly aggressive marketing or scam operation targeting unsuspecting individuals.

The scam works by enticing users to engage in trading activities on their platform, only to later block withdrawals unless users upgrade to a platinum account, costing $30,000. This method has reportedly led to at least $10,000 in losses for victims, primarily from the United States, who have fallen prey to this scheme. The site, which has servers across various locations under the Zomro network, employs deceptive practices to maintain a façade of legitimacy, including a well-crafted website and a surge in traffic driven mainly by social media and direct visits.

CryptoQS’s use of PrivacyGuardian.org’s services effectively shields its operators from direct identification, complicating efforts to track and hold them accountable. The contact information provided includes an address in Phoenix, AZ, but this is a proxy used by PrivacyGuardian.org. The fraudulent website has been linked to multiple online complaints and warnings, highlighting its predatory tactics in the cryptocurrency space.

Victims and potential victims are encouraged to share their experiences to help build a case against this operation and prevent further losses.

Crypto-qs.com Review

Crypto-qs.com presents itself as a comprehensive cryptocurrency trading platform, offering services to facilitate the buying, selling, and trading of digital assets. The website emphasizes its commitment to providing a secure, clear, and easy-to-use interface designed to promote the mass adoption of blockchain technology and expand the cryptocurrency community. The platform claims to support over 400 trading pairs, serving users in 150 countries and boasts a user base of over three million. Services advertised include leverage for margin trading up to 20x, a mobile application for trading on the go, various trading orders, a user-friendly API, trading tournaments, and integration with TradingView.

The website features various contact details for different purposes: general support can be reached at support@cryptoqs.net, partnership inquiries at hrcontact@cryptoqs.net, and abuse reports at abuse@cryptoqs.net. Despite these specific email addresses, there is no direct phone contact provided. The site lists a deposit address (TLuEH8K5RCFt7WgiqDq1sFyCZ8UAsjj6zk) for sending BTC, with a clear warning that sending any other cryptocurrency to this address may result in the loss of the deposit. The minimal deposit amount is stated as 0.001489 BTC. CryptoQS claims regulatory compliance with AML policies and has a Privacy Policy, User Agreement, and AML Policy accessible through the website.

Red Flags

Despite these claims, several red flags suggest that Crypto-qs.com is a scam.

Firstly, PrivacyGuardian.org obscures the domain’s registration details, a service often used by fraudulent sites to hide their operators’ identities. The site’s hosting by Prospero OOO in Turkmenistan, a location known for limited regulatory oversight, further raises concerns.

Additionally, the domain was registered only recently, on April 24, 2024, yet it falsely claims to have been operational since 2019.

The platform’s promise of high returns, such as up to 30% annual profit through crypto lending, is highly unrealistic and characteristic of Ponzi schemes.

Moreover, the requirement for users to upgrade to a platinum account at a substantial cost to withdraw funds is a common tactic used by scam platforms to extort more money from victims.

The lack of verifiable physical office locations or direct contact numbers increases suspicion.

CryptoQS Reviews

CryptoQS has garnered overwhelmingly negative reviews on Trustpilot, indicating significant concerns about its legitimacy. With a TrustScore of just 2.5 out of 5 from 10 reviews, 80% of the ratings are 1-star, pointing to a consistent dissatisfaction pattern and alleged fraudulent activity. Users report that while initial transactions may proceed smoothly, subsequent withdrawals are systematically frozen, with the platform demanding additional deposits for account upgrades to release the funds.

One user, Tony, described his experience: “What a scam… Everything went smoothly until my third withdrawal was frozen. It was about USDT400… Now I must upgrade to premium status by depositing $1500 USDT first.” He further shared that additional money was required even after complying with this demand, suggesting a deliberate ploy to extract more funds from victims. Katharina Dietz echoed this sentiment, stating, “It is a scam. The first transaction may work, but then they freeze all your assets and only release them after… demanding a large sum to upgrade to a premium status.”

Another user, Robert Lugo, emphasized the lack of transparency, noting, “There is nowhere on the site that says you need to deposit $750 and be ‘VIP’ to do arbitrage. They froze my withdrawal and will not give me back my deposit because ‘you already do arbitrage’ SCAM.”

The reviews consistently mention that CryptoQS falsely advertises its services and engages in practices that trap users into depositing more money without guaranteeing fund recovery. Multiple reviews label the platform as a “scam,” with users like Greta and Walid T. Agayev urging others to avoid it at all costs. The contact details listed, such as cryptoqs2025@gmail.com and a Dubai address, add to the dubious nature of the platform, as there is no verifiable physical office or responsive customer support.

The Bottom Line Regarding Crypto-qs.com

The substantial volume of negative reviews and consistent accounts of deceptive practices strongly indicate that CryptoQS is a fraudulent platform. Users repeatedly report initial transactions proceeding smoothly, only to encounter significant barriers when attempting to withdraw funds, often being coerced into making additional deposits under the guise of account upgrades. The persistent pattern of freezing assets and demanding further payments, coupled with the lack of transparent contact information and the use of privacy services to obscure the identity of its operators, paint a troubling picture.

Trust in any financial platform is paramount, and CryptoQS has clearly failed to establish or maintain this essential trust with its users. The recurring theme of manipulation and extortion reflected in user experiences suggests that the primary intent of the platform is to defraud its customers. Given the overwhelming evidence from numerous reviews, it is prudent to conclude that CryptoQS operates as a scam, preying on individuals’ desire to engage in cryptocurrency trading.