ScamCrypto Forum Forums Investment Scams Investigating A Colorado Resident’s $5,000 Loss


  • Creator
  • #356 Reply

      Hello, fellow forum participants!

      Today, we’re examining, a crypto exchange platform, in light of a distressing complaint filed by a Denver, Colorado resident with the BBB (Better Business Bureau). Let’s dissect the situation.

      1. The Incident
      – Complaint Details: The victim sent 0.2 BTC (approx. $5,000) to for conversion to Monero. However, post-transaction, Swapter requested ID and fund source verification, which allegedly failed. Since then, the victim claims no response from Swapter, despite several communication attempts.

      2. An Overview
      – Domain Insights: Registered in June 2022, is protected by Cloudflare and shows limited global web traffic. With a 0% Semrush Authority Score, the backlink profile is minimal, hinting at its low market penetration.
      – Service Model: promises cryptocurrency operations without registration, focusing on privacy and simplicity. However, the victim’s experience questions these claims.

      3. Red Flags and Concerns
      – Lack of Transparency: Swapter’s obscure team details, combined with a failed ID verification process, raises questions about its operational integrity.
      – Communication Breakdown: The victim’s inability to contact Swapter post-transaction is alarming and could suggest unprofessional or fraudulent practices.

      4. Partner Analysis: &
      – An exchange aggregator, allows anonymous crypto swaps. Its low web traffic and authority score, however, reflect its limited market impact.
      – Specializing in KYC-free crypto exchanges,’s global rank and traffic stats suggest a niche online presence.

      5. Community Response
      – TrustPilot Feedback: Swapter’s response to the victim’s TrustPilot complaint outlines their KYC policy but fails to address the victim’s specific concerns, further complicating the situation.

      6. The Conclusion
      – Is a Scam?: The evidence presents a complex picture. While’s operational model and web presence don’t outright classify it as a scam, the victim’s complaint and lack of response from Swapter paint a concerning picture.

      Your Experiences
      – Have you interacted with or similar platforms? Your experiences, whether positive or negative, can provide valuable insights and help others make informed decisions.

      In sum, this case underscores the importance of vigilance in the volatile crypto market. Before engaging with platforms like, thorough research and caution are advised.

      Looking forward to your thoughts and experiences,

    Reply To: Investigating A Colorado Resident’s $5,000 Loss
    Your information:

    Scroll to Top