How To Find A Crypto Scam Recovery Company

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If you’ve been caught up in a crypto scam you may be wondering if it’s possible to get your coins back.

Often people who’ve lost money to Bitcoin scammers immediately started searching for the best crypto recovery companies but are faced with the tricky task of establishing which firm is legitimate.

Sadly, there are many scammers operating in the crypto recovery sector as well who are just waiting to pounce on individuals who are already vulnerable.

So, how do you find a legitimate crypto recovery company? This guide will help you avoid being scammed for a second time.

We work with several trusted recovery and tracing companies. Get in touch with a brief outline of your circumstances and we can advise you on how to pursue recovery.

How to avoid fraudulent crypto recovery companies

Sometimes finding what you need online is like searching for a needle in a haystack.

And this is made even harder if you’re unfamiliar with the sector you’re searching in.

Many people who fall victim to crypto scams have done so because they don’t fully understand what they’re investing in.

And the same can be said for crypto recovery companies – unless you fully understand the landscape it’s easy to get involved with a fraudulent company who will steal more of your money.

However, there are certain things you can check to guard against this happening.

Cryptocurrency and Bitcoin recovery – things to check

When hunting for the best crypto recovery company, you should apply the same standards that you would when searching for anything that’s going to cost you money.

Here are a few of the basic things to examine before hiring a firm to help recover your lost Bitcoin.

It goes without saying that you should thoroughly research any company you’re planning to hire.

These days it’s incredibly easy to research a business – and checking out a crypto recovery company is no different!

There are some of the things you should do:

Visit the company’s website – Is it professionally designed and does it contain all the information you’d expect from a legitimate firm, such as background, team and contact details? Be wary of companies/people that only have a social media presence.

Verify the company’s customer support – Contact the company using the details on the website or live chat facility to see if the information is genuine. This will also help you assess how responsive and professional they are.

See what other people have said – Although online reviews can be manipulated, it’s often possible to get a guide as to whether a company is legitimate or not. Visit lots of different review sites and forums, and use terms such as ‘Is [company name] legit or a scam?’. Consistent positive feedback across multiple platforms is a strong indicator of a company’s credibility.

Visit the relevant company registration body – Checking a company’s credentials through official channels is a good way of finding out more about who you’re dealing with. This isn’t a failsafe solution though, as in some countries it’s easy to register a fake company to give it an air of legitimacy. This is true of Companies House in the UK, although the Government is cracking down on this.

Check scam alert websites – There are many sites that feature scam alerts and warnings about fraudulent platforms so check to see if the company you’re planning to deal with is listed. The Crypto Adviser has a section dedicated to recording details of dubious websites and scams. Remember, none of these platforms will feature every fake company so make sure you do other checks as well.

Consultations and fees – Genuine crypto recovery firms will offer a free initial consultation to discuss your circumstances and establish whether they can help you or not. Ethical companies will also tell you if there’s nothing they can do. Remember, most genuine crypto recovery companies charge up-front fees for their work once you instruct them.

We've partnered with several firms which specialise in different methods of crypto recovery. If you'd like a recommendation as to which company can help you, please get in touch.

Who is the best cryptocurrency recovery expert for me?

Once you’ve created a shortlist of the legitimate cryptocurrency companies you want to contact, you need to establish which one will be the best for you.

Here are few tips:

Is the team responsive and professional? I’ve already touched on this, but it’s important to work with a crypto recovery team who’ll get back to you promptly and who you’re confident are working hard on your behalf. Competent firms will be on-hand to respond to you quickly and give you regular strategy and progress updates as your case proceeds.

Is the company in the same time zone as you? Many crypto recovery companies operate globally, but it’s important to know you can contact them when you need to do. You may wish to consider whether their opening hours correspond with your availability. This shouldn’t be a deal breaker though if the best company is a few hours ahead or behind.

Has the company dealt with ‘your’ kind of scam before? Many crypto scams and frauds follow a similar pattern, such as pig butchering scams, but the scammers are constantly evolving their methodology and new schemes are popping up every week. Check that the recovery company you’re engaging understands the scam you’re involved in. Also, check their track record in successful tracing/recovery of funds.

Are there any real Bitcoin recovery companies?

Yes, there are genuine crypto recovery companies who use a variety of forensic and legal techniques to trace and attempt to recover stolen crypto.

Real Bitcoin recovery companies will always explain their methodology and give you an assessment as to whether there’s a realistic chance of getting your funds back.

If a company guarantees the return of your crypto, it’s wise to avoid them as crypto recovery work is a complex business with sometimes unpredictable outcomes.

Where can I find crypto recovery services?

Start your search online and create a shortlist of companies that you want to find out more about.

Often, real crypto recovery companies will advertise their services so they may appear at the top of the results under the advertiser listings.

Again, it’s crucial that you check out these companies carefully, even if they have paid to appear prominently.

Also check out forums for recommendations, but be extremely wary of the choosing a company this way as scammers frequently use these platforms to try to lure victims in.

Also, ignore anyone who cold calls you about crypto recovery. This will likely be someone connected to the original scam that’s now trying to extract more money from you.

Is Bitcoin recovery a scam?

No – there are genuine companies out there who have successfully recovered huge sums of crypto for their clients using a variety of methods.

Often crypto recovery companies offer a tracing service followed by a legal recovery services. This means that they’ll follow the movement of the stolen coins before launching action against the platform they end up on.

There are many Bitcoin recover scam companies to watch out for, but there’s an increasing number of entirely legitimate businesses dedicated to helping people recover their stolen crypto.

Final word

It’s important to do your own due diligence when searching for the best crypto recovery company to help recover your lost Bitcoin, Ethereum, USDT or any other token that’s been stolen from you.

Taking time to thoroughly research a business and check a wide range of platforms for reviews and testimonials is an essential part of this process and you should dedicate plenty of time to this as crypto recovery can be expensive.

Although it may be tempting to hire the first company you find, especially if you’re panicking about the money you’ve lost, exercising caution and checking out several different companies will hold you in good stead and prevent you from being scammed again.

If you need advice and help navigating the world of crypto and avoiding scams, then check out the services we offer.

Related post: Crypto scams help and resources