ScamCrypto Forum Forums Cryptocurrency Investment Risks LegitimateCryptoTrade Review – Analyzing the Legitimacy of an Investment

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      Dear Community,

      This detailed review focuses on LegitimateCryptoTrade, a platform found at, following a report of a significant loss by a user in Grand Blanc, Michigan. The user claims to have lost $1,500 in what seems to be a cryptocurrency scam.

      Triggering Incident

      – Initial Report: On January 6, 2023, the BBB received a report of a $1,500 loss to a cryptocurrency scam on The scam involved persuasive tactics using Instagram contacts and direct messaging.

      Overview of LegitimateCryptoTrade

      – Domain Details: Registered on May 11, 2022, through PDR Ltd. d/b/a for a year by Franklyn Onoaghakpote in Benin City, Nigeria.
      – Web Presence: Despite being active for over eight months, the website has not garnered significant popularity, reflected in a 0% Semrush authority score.

      Claims and Offerings

      – Platform’s Mission: Purports to simplify cryptocurrency trading, investing, and mining, supporting various digital currencies and over 100 tradable assets.
      – Unique Features: Includes risk management tools, advanced security, and five trading options including 60 sec, Speed trading, 24 hrs, and Long term.

      Red Flags and Dubious Claims

      – Unrealistic Promises: Claims of significant returns on investments within a short period.
      – Lack of Credible Information: No verifiable company details, such as LinkedIn profiles or registered addresses.
      – Suspicious Contact Details: Provided addresses and contact numbers either fake or unverifiable.

      Social Media Tactics

      – Instagram Involvement: A user reported being contacted via Instagram with promises of high returns on Bitcoin mining.

      Scam Reviews and Complaints

      – Absence of Genuine Reviews: No reliable reviews found on major platforms like Google or TrustPilot.
      – Similar Complaints: Reports of users being scammed with similar tactics as mentioned in the BBB report.

      Related Scams

      – Network of Scams: Investigation reveals a network of similar scam websites operated by the same group, including,, and others.

      Our Conclusion

      – High Probability of Scam: Evidence strongly suggests that LegitimateCryptoTrade is a fraudulent platform, using deceptive tactics to lure investors.

      Cautionary Advice

      – Stay Vigilant: Exercise extreme caution with platforms promising high returns in short periods.
      – Share Information: If you have any interactions with LegitimateCryptoTrade, please share your experiences to help others.

      Stay informed and approach such platforms with skepticism to safeguard your investments.

      Sathish M

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