How to Find A Legitimate Crypto Recovery Company

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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Crypto scams are everywhere. Whether it’s fake coins, investment schemes or mining platforms, learning how to spot these scams is crucial to staying safe online and avoiding losing your money.

But what happens if you do have the misfortune to fall victim to a scam? Is there anything you can do to get your money back? Can a crypto recovery company help.

The answer is ‘yes’, there are genuine companies out there that can help you recover your crypto, or secure compensation from your bank, but there are also a huge number of scammers who are posing as recovery agents.

They lurk on social media sites and are very active in crypto-related groups. Also, they often create professionally designed websites designed to fool people into thinking they’re dealing with a genuine business.

> If you need some free advice on finding a legitimate crypto recovery company, please get in touch.

What to look out for when looking for a company to recovery your crypto assets

Every week I’m contacted by people who’ve been scammed and are looking to recover their stolen funds or crypto. Some of these enquiries come from people who’ve already been scammed by a fake company.

There are certain things you can do to ensure you find someone who can genuinely help you get your stolen crypto back.

They include:

Research

This is one of the most important steps you can take to avoid getting conned.

You should always research a company thoroughly before employing them or parting with any cash. This applies to all walks of life where you’re considering hiring someone.

The internet is a great tool for finding reviews, testimonials and comments left by other people who may have experience of the firm your considering, either good or bad.

Be sure to use reputable review sites and crypto-focused communities and check multiple platforms.

Scammers have been known to set up their own fake review platforms to make it appear as if their service is respectable.

‘Guaranteed’ recovery offers

Recovering stolen crypto or securing compensation from a bank after a scam can be a lengthy and difficult process and is not always successful.

Any company that guarantees your funds will be recovered or claims to have a 100% success rates is likely to be fake.

Genuine companies will often warn you about the difficulties involved in recovering stolen crypto and manage your expectations regarding the extent of their abilities.

They might also detail the tools or techniques you use and explain their limitations.

Company registration and contact details

Legitimate companies will be registered, have a permanent address and will comply with the applicable laws in their country.

Individual agents may not have an office address but will have verifiable information such as social media profiles and reviews.

Payments

Some genuine crypto recovery companies require an up-front payment and this is not always a sign of a scam.

But make sure you have conducted the necessary checks before parting with any cash.

Some companies may offer to take on your case on a no win, no fee basis so it’s always worth asking if this is an option.

Unsolicited offers of help

If you’ve posted something about losing crypto and someone has contacted you directly and made an unsolicited offer of help then be extremely cautious.

This is a common way for recovery scammers to find new victims and a huge red flag. Most of the time you should avoid people like this, especially if they ask for money up front.

Get in touch with The Crypto Adviser team today.