BDSWISS is a scam crypto trading platform that claims to offer a range of investment opportunities yet is purely designed to defraud people out of their cash.
Fortunately, it’s pretty easy to spot this scam as there are some very obvious red flags which should deter most people from investing here.
However, some people are still being drawn into the BDSWISS fraud, which plays out like a classic pig butchering scam.
Victims are contacted a random via social media platforms such as WhatsApp and Telegram, befriended then told about an amazing crypto investment opportunity.
Once the victim has invested a significant sum of money, they find their account blocked and are told they must pay large ‘release fees’, such as taxes or commission.
However, even if they pay these fees they won’t get their money back – it’s just another way for the scammers to extract more money from them.
BDSWISS scam red flags
The BDSWISS is an easy-to-spot scam, with lots of red flags which should immediately deter most investors.
They include:
- A domain name that’s only a couple of months old.
- A Domain Authority (DA) score of 1 meaning the sites gets very little traffic and has no inbound links.
- Poor quality imagery and content that’s complete gibberish and grammatically incorrect.
- Claims of being one of the world’s largest crypto platforms, yet the site was less than two months old at the time of writing.
- Claims that it conducts more than $20 trillion of trading volume.
- Mismatched domain name and site title – no legitimate company would do this.
- No company information, team details or regulatory declarations.
- No social media profiles, reviews or official apps.
- A single contact email that’s prefixed ‘Postal box’ – sounds legit!
I’ve fallen for the BDSWISS scam, what can I do?
If you’ve lost money to this scam then unfortunately, you’re unlikely to get it back, although you should still report what’s happened to the authorities.
However, there are private companies that might be able to help which I’ve written about here.
Have you had any experience with this platform? Kindly share your thoughts in the comment section to help others stay informed and safe.