Venus Coin Trade is a scam platform that claims to offer a wide ranges of financial instruments, including crypto trading, Bitcoin mining, Forex trading and real estate opportunities.
However, the website is actually a front for fraudsters and none of these services are genuinely on offer.
Many victims of the Venus Coin Trade scam have been introduced to the platform after being approached by a stranger online, often through the WhatsApp app.
Once they’ve been convinced that the investment opportunities are genuine they’ve parted with often substantial sums of cash which, initially, seems to grow in value.
However, the problems begin when they try to withdraw their funds and are told that they need to pay an additional fee to do so.
If this money is paid, their investment will remain blocked and the scammers will demand further fees or ‘commissions’ in an attempt to extract more money from victims.
Spotting the Venus Coin Trade scam
Here are a few of the tell-tale signs that Venus Coin Trade is a fake investment platform:
- ‘Cookie-cutter’ website design that is very basic and has no real functionality.
- Unfeasibly high returns on offer with no explanation as to how they’re achieved.
- Generic content that’s often riddled with spelling mistakes and grammatical errors.
- No company information or details about the team members behind the platform.
- No social media channels or any links to Venus Coin Trade apps.
- Internal pages that are blank or are missing images.
- A very new domain name.
- A Domain Authority (DA) score of 1 meaning no sites are linking to Venus Coin Trade.
- A fake company address in the UK which does not relate to the platform.
There are also 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.