Bitcoin Safe Investment Review Safe or Scam

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

GFC Investment review – Is gfcinvestment.com scam or good forex broker?

GFC Investment is a forex and CFD broker, offering a good variety of currency pairs, as well as CFDs on commodities, indices, stocks and crypto coins. If you are considering trading with them be sure to read this review first.

Account type Min. deposit Max. leverage Spread s
Basic Account $250 1:400 4 pips
Silver Account $5000 1:400 n/a
Gold Account $10 000 1:400 n/a
Platinum Account $25 000 1:400 n/a
VIP Account $100 000 1:400 n/a

GFC Investment Advantages:

Over 50 major and exotic currency pairs and crypto CFDs offered

GFC Investment offers trade with nearly 50 forex pairs, including exotci currencies like Russian Rubla, Hong Kong Dollar, Polish Zloty, Mexican Peso and Czech Krona, Israeli Shekel, Hungarian Forint, Turkish Lyra, Singapore Dollar, South African Rand, Swedish Krona, Danish Krona and Norwegian Krona.

The broker also offers CFDs on precious metals, like silver and gold, oil, stocks, 7 major indices and crypto coins like Bitcoin, Dash, Ethereum, Litecoin, Ripple. Still you may want to checks our list of brokers, offering Bitcoin CFDs as well:

GFCInvestment.com is owned and operated by the GFCInvestment group KINTEKA OU, based in Estonia and DARTALON LTD, based in St. Vincent & Grenadines.

As the broker mentions nothing about a license or regulation, we diligently checked the registers of the Estonian Financial Supervision Authority – Finantsinspektsioon and neither GFCInvestment group KINTEKA OU nor DARTALON LTD showed up.

As far as the Financial Services Authority (FSA) of St Vincent and the Grenadines is concerned, recently they warned in a statement, published on the website of the institution, that it “does not issue any licenses for forex trading or brokerage or binary options trading nor does it regulate, monitor, supervise or license international companies, which engage in such activities“.

That leaves us with no choice but to regard GFC Investment as an unregulated broker and that is unfortunate, as unregulated brokers have very limited credibility and more often than not are involved in scam.

Keep in mind that regulation is crucial for the safety of any investment and only well respected financial institutions like the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) can provide sufficient security to traders.

Licensed brokers are obliged to follow strict fiscal and ethical rules, including to maintain a minimum capital adequacy ratio, to keep all clients money in protected, segregated accounts and in some cases even to insure traders capital.

With the FCA backed Financial Services Compensation Scheme for example, in case the broker goes insolvent, traders can receive back up to 50 000 GBP of their capital. Similar compensation scheme with the CySEC in the Cyprus guarantees traders up to 20 000 EUR of their investment. Here you may check our list of brokers, also licensed by FCA:

GFC Investment is an unregulated, offshore broker, with rather low credibility. As we have already discussed, regulation is the single most crucial factor for the safety of any investment and we strongly recommend that you trade with properly licensed brokers only.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Bitcoin Revolution Review: Proof that it’s a Scam – Stay Safe

Cryptocurrency and blockchain industry has ballooned over the last five years and become one of the largest and most dynamic sectors in the world. Millions of people from all across the globe have invested in cryptocurrencies and initial coin offerings. Just like any other new industry that is lucrative, scammers dive in and try to use the innocence of investors to make money.
One such fraud website is the Bitcoin Revolution. Since its inception last year, it has managed to trick millions of people as evident from the hundreds if not thousands of negative reviews online. Here are the primary reasons why Bitcoin Revolution is a fraud and should not be trusted. If you were considering registering, think again and take time to read this article.

Why Bitcoin Revolution is A Scam – The Hook

Cryptocurrency investors make money by investing in a cryptocurrency and trading it later at a profit. Bitcoin Revolution capitalizes on this by pretending to be providing an application that gives its users an undue advantage in the cryptocurrency trading industry. They claim that this application has a 99.4% accurate trading signals which are not possible regardless of the technology since this industry is the most unpredictable and dynamic in the world today.

The second hook that they use to get money from unsuspecting investors who are looking for a way to make quick money is by saying that the application is 0.01 seconds ahead of the traditional markets. The entire application Is a hoax that is meant to pull in people and never works as promised.
Bitcoin Revolution has also mastered how to feed off the fear that a majority of investors in the cryptocurrency industry missed the recent Bitcoin bull run and do not want to miss the next one. Nobody knows when the next bull run will occur due to the main unpredictable factors that come into play, but this swindle website claims that its app can predict its occurrence accurately and help its clients’ profit.
The fourth thing that proves Bitcoin Revolution is a scam is that it uses images and videos of renowned celebrities to promote its service without their consent. Recently, several celebrities have held press releases denouncing any affiliation with the website. Now, if the company was legit and confident about the service it offers, why would it use celebrity videos and images without their consent? After all, it is making enough money from the app to hire celebrities as influencer marketers.

Closing Remarks

Bitcoin Revolution is one of the ingenious scams in the modern day that has caught so many people by surprise. The target audience is lazy and impatient investors who believe in microwave success and quick money schemes. There is enough evidence to show that the website is a scam and should not be trusted.

Hundreds of professional crypto traders from all across the globe have written articles about this scam to discourage people from investing in it. Unfortunately, getting the people working behind the scenes to ensure the site is always live and functional is proving difficult for the authorities. We hope that they will soon be apprehended.

If you want to become a better Bitcoin trader, read this Bitcoin 101 article.

Stay safe by AVOIDING Bitcoin Revolution – IT’S A SCAM!!

Bitcoin Safe Investment Review: Safe or Scam?

Blog » Misc » Avoiding Cryptocurrency Scams: Stay Safe with Bitcoin

Avoiding Cryptocurrency Scams: Stay Safe with Bitcoin

Anyone using cryptocurrencies needs to know about every Bitcoin scam and what the risks are. Read on to find out our secret to staying safe while paying with Bitcoin.

As Bitcoin keeps breaking headlines and attracting investors and practical users from all over the globe, it has become even more important to stay informed on the latest news regarding a Bitcoin scam.

When you deal with cryptocurrencies, you are exposed to higher risks than any other Internet user. If your device is hacked, if your traffic is intercepted, you stand to lose much more than a typical Facebook account, but your hard-earned crypto cash.

If you ask yourself: “Is Bitcoin worth the risk?”, then read our blog to find out how you can stay safe while using Bitcoin.

What is Cryptocurrency?

Cryptocurrency, also known as digital cash, is an international payment network. Cryptocurrency enables exchanges between any two computer users, creating a “Peer-to-Peer Electronic Cash System” and a public record of financial transactions.

These cryptocurrencies, particularly Bitcoin , possess three attributes that surpass traditional currencies: Decentralization, Open Source, and Peer-to-Peer networking.

Most significantly, they are powered by users with no central authority or middlemen. Although this can be a positive attribute to many living within oppressive governments, it is also this quality that allows a Bitcoin scam to thrive. (Read more below).

Here’s how it works:

Bitcoin Crash: China

China has banned Bitcoin and other cryptocurrencies. China has tight controls on currency, eliminating the ability to move money in and out of the country, making China the world’s largest cryptocurrency market, making up about 80% of total Bitcoin transactions.

Now, China is Blocking Initial Coin Offerings (ICOs), unregulated crowdfunding using cryptocurrency, and Bitcoin Exchanges. The government has even requested that all Bitcoin exchanges in Beijing and Shanghai be shut down, stating cryptocurrencies are “increasingly used as a tool in criminal activities such as money laundering, drug trafficking, smuggling, and illegal fundraising”. It also included:

  • Personal Details: Exchanges are required to submit DVDs containing all user trading and holding data to the local authorities.
  • Travel Ban: All those involved in the exchanges, including shareholders, controllers, executives, and core financial and technical staff are not allowed to leave the city and must co-operate fully with authorities.

But it might not be the end of digital currency in China. They actually plan to issue their own digital version of the renminbi.

Benefits of Using Cryptocurrency

Bitcoin and other cryptocurrencies have the unique ability to transcend borders, surpass bank transfer fees, and be impervious to exchange rates no matter what the current state of your government or bank.

It can even help fund freedom by allowing users to make anonymous donations to organizations that may not be approved of by local governments. For example, LBGT rights, abortion, political opposition, etc. all have the ability to find support through cryptocurrency.

Users can even begin to Purchase Real Items. As Bitcoin continues to grow, it is being used more often for a wide variety of products. Here are a few examples:

Cryptocurrency Risks

Although there are plenty of perks when it comes to using cryptocurrencies, there are also many risks. A Bitcoin scam can happen to anyone, so do your research before trading in your bank account for a Bitcoin wallet.

Some general risks include:

Illegal Activities
Since Bitcoin transactions are relatively anonymous, the platform does have the potential to attract illegal activities. This draws negative attention from governments, encouraging a possible ban on Bitcoin and other cryptocurrencies.
Irreplaceable
Unlike transactions made through your bank account, Bitcoin can never be replaced if it lost or stolen. There is no way to recover your bitcoins if someone hacks into your wallet. And no way to recover your account if you misplace your login details.
Not Easy to Cash In
If you decide you’d like to cash in your bitcoins, there really isn’t a straightforward way to sell them. Although many exchanges offer the service using different methods, it’s not as simple as transferring money from your Paypal.
Volatile Investment
Currently, Bitcoin prices are significantly fluctuating. Any webshop interested in accepting bitcoins would need to adjust their prices almost daily. Additionally, investors take a gamble when dumping funds into stocks.
Government Regulations
Right now, much of the world hasn’t decided how to handle Bitcoin. Since Bitcoin isn’t taxed, it’s a threat to local currencies. If governments decide to make Bitcoin illegal, you may have a
hard time getting your money back.
Nonrefundable
It’s as simple as this: If your bitcoins are stolen, they’re nonrefundable. Someone can jump in the middle if your transaction and changes the destination of your deposit – called a Man-in-the-Middle (MITM) attack.

Avoid a Bitcoin Scam

If you use Bitcoin or other cryptocurrencies, you should be aware of the following risks:

Man-in-the-Middle Attacks

Simply put, man-in-the-middle (MITM) attacks can change the destination of money transfers (or any data transaction for that matter). As the name implies, hackers intercept data packages as they travel between two victims.

If you’re trying to make a deposit using Bitcoin, a MITM can change the destination of your transaction , leaving you out of money and your intended recipient asking where the deposit is – all they need to use is malware via emails or a shared Wi-Fi network.

To stay safe, use a VPN. Since authentication protocols are specifically designed to ward off these types of attacks, a VPN ensures end-to-end encryption, making you anonymous over public networks.

Hackers Can Access Bitcoin Wallets

Digital wallets, where you “safely” store your cryptocurrency, are at fault for providing weak security of user accounts. Apparently, minimum personal information about a victim – their first name, last name, and phone number – was enough to hack a test wallet in Coinbase, according to Positive Technologies.

“Cryptocurrency related cyber attacks are on the rise. As cryptocurrency continues to explode in value and public awareness, we can only expect this trend to continue. I was recently the target of such an attack. I also personally know of multiple other cases of the same attack being successfully carried out. Even worse this type of attack is becoming ever more common and is likely to see an even bigger boost thanks to the professional excellence of firms like Equifax, making it an urgent topic as almost everyone is at immediate risk.”

Additionally, all crypto users should enhance their cryptocurrency security by activating 2FA (2-Factor Authentication) across all exchange accounts.

Privacy Complications

Even when your cryptocurrency activities are secured, there are still external privacy issues that users must be aware of.

  • ISPs: Your Internet Service Provider (ISP) knows every time you log into Bitfinex or any other Bitcoin exchange. Do you really want them to know each of “anonymized” traffic logs? Not really, right?
  • Public Wi-Fi:If you’re on public Wi-Fi, you definitely wouldn’t want to disclose the fact that you’re a Bitcoin trader to people who are on the same coffee shop’s Wi-Fi as you.

If your ISP or Wi-fi “neighbors” see what you’re doing with online your cryptocurrency anonymity is completely blown away. The online exchanges that you frequent, the online trading tools and wallets that you use, all become known to others. And a secret shared is not really a secret anymore.

How You Can Stay Protected

There are no comprehensive solutions for each Bitcoin scam and security risk. But there are building blocks from which you have to construct your own personal cryptocurrency firewall. Keep these tips in mind:

  • Beware of phishing attempts.
  • Make sure that your OS is patched with the latest security updates.
  • Be mindful of ransomware.
  • Use secure non-guessable passwords and take other measures to protect yourself.
  • Use a reliable VPN.

When you use a VPN, all your traffic (including the URLs that you browse) is encrypted. Neither your ISP or your coffee shop neighbor can get a single clue about your online activities. You can visit online exchanges, use your wallets and trade completely anonymously – as it should be!

A VPN also contributes to your security. As your traffic is encrypted, wifi hackers can’t hijack your session cookies or steal your plain-text passwords.

SaferVPN reliably checks all these above-mentioned boxes. It encrypts all traffic using bank-grade modern encryption. You can choose any of the 700+ locations in 36 countries to re-route your traffic and hide it from curious eyes. More importantly, your real IP address is never logged so that your cryptocurrency activities remain truly private. SaferVPN is also listed on WeUseCoins, one of the largest cryptocurrency websites.

Although a VPN is not the complete security solution for your coins, it is an extremely important component of the protection.

How to use Bitcoins to Pay for SaferVPN

Buying, trading, holding and mining cryptocurrencies are private activities that should be performed in a private and secure way. Using a reliable Bitcoin VPN is a very important component in securing the privacy of your cryptos. SaferVPN’s private (no logs), fast and easy platform not only contributes to your privacy while using Bitcoin but even accepts Bitcoin as a payment method.

Simply choose the plan that best fits your needs and select Bitcoin on the payment page. If you haven’t signed up yet, try our SaferVPN for free now (with a 30-day money back guarantee , you’ve got nothing to lose)!

Have you been a victim of a Bitcoin scam? What are your thoughts on Bitcoin? Share your thoughts in the Comments section below.

Bitcoin Scams – How To Stay Safe In The CryptoCurrency World

Scams have long been part of the day to day lives of human beings. While today’s scams are quite a bit more intricate, people have been trying to defraud each other since the beginning of currency as we know it.

In fact, even back in the renaissance days, the shell game was used by con-artists to fool people out of their hard earned money. With Bitcoin being a relatively new currency, yet a widely accepted one, scams revolving around the currency seem to be everywhere.

Scam #1: Bitcoin Ponzi Schemes

One of the most common scams in the world of Bitcoin at the moment is the Ponzi Scheme. Essentially, the con-artists grab your interest by promising you high interest rates on deposits made.

As the nature of the Ponzi Scheme would tell you, those who make their investments early are paid out using the dollars from those that come in later.

This lasts for some time. However, must come to an end at some point. When there’s not enough new people signing up to pay out on older investments, the scam falls apart, and those who took part start to realize losses.

Scam #2: Bitcoin Wallet Scams

One of the factors that makes bitcoin an interesting currency for many is anonymity when making purchases. This anonymity is generally provided through Bitcoin wallets. Essentially, these scammers tell you that their program is the safest and easiest way to transfer Bitcoin anonymously.

The wallet will work perfectly for days, weeks or even months. However, at some point, he con-artist behind the scenes will transfer the bitcoin out of your wallet and into their own. So, when choosing a Bitcoin Wallet provider, make sure that you do your research!

Scam #3: Bitcoin Exchange Scams

There are several Bitcoin exchanges out there. These exchanges simply sell Bitcoin at the current market rate. However, when looking for a Bitcoin exchange, make sure to do your research. Some exchanges will grab your interest by charging incredibly low fees on credit card processing (an area where exchanges realize their profits).

When your credit card is processed, you receive nothing. No Bitcoin, no refund, the money is gone. One great thing to keep in mind here is that if the fees sound too good to be true, they probably are!

Scam #4: Bitcoin Mining Investment Scams

Bitcoin mining is a process that involves incredibly high level equations. These equations are designed to validate transactions and provide security for the public ledger, something known as the blockchain. However, in order to mine bitcoin, you generally need extremely powerful and expensive computer equipment.

As a result, many people invest in the equipment for these mines, earning returns in the long run as more Bitcoin is mined. Unfortunately however, there are mining investment scams that will take your money, not to purchase equipment, but simply to realize a product. At the end of the day, the investment was never real, and your money is gone.

So, when thinking of investing in Bitcoin cloud mining, make sure that you do your research on the investments you make.

Scam #5: Bitcoin Phishing Scams

Finally, many con-artists have been sending emails to people letting them know that they have been given or awarded Bitcoins. However, in order to accept the gift or reward, they will need to log into to their wallet using the link in the email. However, when the user logs in, the information is stolen, giving the con-artists full access to the user’s wallet.

Final Thoughts

While there are quite a few scams in the world of Bitcoin, you don’t have to become a victim. At the end of the day, you can avoid most scams by simply being aware of them. With that said, if you’re involved or want to get involved in the Bitcoin movement, keep an eye out for the scams above.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Brokers, Signals and Strategies
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: