PiscesBtc Scam Crypto Trading And Mining Platform

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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PiscesBtc is a fake crypto exchange and trading platform that claims to offer a range of financial services but is in fact operating as part of a scam.

Victims of this scam are lured into investing after being approached by new ‘friends’ on various social media platforms, such as Facebook and WhatsApp.

Once a victim has invested money on the platform – usually after being instructed to first convert cash into crypto on a legitimate exchange then transfer it over – they often see what appears to be profits appearing in their account.

But when they come to withdraw their money, their account is suddenly frozen and they’re unable to access their funds.

The scammers will then claim that some sort of fee must be paid before the cash can be released, but this never happens no matter what the victim pays.

Spotting the PiscesBtc scam

There are many things wrong with this site that are commonly found on fraudulent crypto trading platforms, including:

• A domain name that was registered very recently.
• A website with very little depth to it and content that’s littered with spelling and grammatical errors.
• Unrealistically high trading figures despite the platform only being a couple of months old.
• No social media profiles or information about the company’s address or management team.
• Limited information about the services offered which doesn’t align with how a legitimate platform would present itself.
• low Domain Authority (DA) and high spam score figures.
• Several reports online about the platform being a scam.

Can I get my money back from the PiscesBtc scammers?

It’s unlikely that you’ll be able to get your funds back from the platform, but sometimes the authorities do seize assets belonging to the fraudsters.

If you report what’s happened and leave your details with the authorities there is a (very) slim chance that some of your funds may be returned.

There are also private companies that might be able to help which I’ve written about here.

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

Related post: Crypto scam help and resources