Bmgcrypto Scam Investment Platform: Fake Cryptocurrency Investing Site

Lost money to a crypto or trading scam? Read this first:

If your losses exceed £3,000 (in the UK) or $10,000 worldwide The Crypto Adviser can offer advice on recovering your funds. 

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Bmgcrypto is a typical cookie-cutter style scam crypto trading website that is used as part of a scheme to steal your funds.

Victims are usually encouraged to invest by someone who’s approached them online, often via a social media or a dating platform, and struck up a friendship.

The conversation soon turns to investing and the victim is encouraged to convert cash to crypto using an exchange before sending it a recommended platform where unrealistic returns are promised.

Once they’ve made a deposit, victims are shown ‘profits’ in their account and urged to send more crypto to invest.

However, when the victim comes to withdraw their funds, they’ll be blocked from doing so, and told they must pay a fee, commission or tax to get their cash.

This is simply another way for scammers to steal more money from the victim.

Signs that Bmgcrypto is a scam platform

There are many giveaways with the site that make it obvious it’s a scam.

They include:

• Very new domain name and DA of 1.
• No reviews for the platform or social media chat.
• Poor quality design, with no real functionality.
• No social media profiles or apps.
• The only point of contact is a Gmail address.
• Poor use of English and grammatical errors across the site – even the word ‘Android’ is spelled incorrectly.
• Direct download looks to .apk files which look highly suspicious.
• The manner of approach by strangers through social media.
• The promise of unrealistic returns.

Putting these things together, it’s clear the Bmgcrypto is a scam platform that should be avoided.

I’ve been scammed by Bmgcrypto, help!

The first thing you should do is report the scam to the police or fraud authorities in your country.

There have been some successes in recovering stolen funds, but it can be a very difficult process.

However, there are private companies that might be able to help which I’ve written about here.

If you suspect a site is fake, get in touch.

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