Scam Review

BTCz Scam Review & Fraud Alert!

Welcome to our BTCz Review in which we investigate the website currently found at

A few days ago, on January 28, 2023, the following complaint was posted on the BBB (Better Business Bureau) by an Arizona, USA person who claims being scammed for $16,912 by a cryptocurrency investment scam:

The scammer contacted me through a Telegram chat, offering to invest in cryptocurrency and promising to guide me through every step. However, when I tried to withdraw my investment from the website, customer service informed me that I owed 33,000 dollars in taxes and I had to pay them in a short period of time.


So far, I have lost 16,912 USD but I am concerned about identity theft, as the scammer has access to my personal information.

Reported Scammer Information includes:

  • Location – New York, NY
  • Telephone – (727) 238-7295 (area code 727 covers Pinellas County, Florida)
  • Website –

So is BTCz legit or is it a SCAM?

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    722l Review

    The domain was registered through on November 21, 2018 for 5 years, though it was recently updated (in 2022). Information about the registrant is hidden by a privacy service provided by Domains By Proxy, LLC. It is protected by Cloudflare.

    Popularity-wise, is ranked #4,760,138 globally and #1,308,107 in the United States, which indicates it is receiving some traffic, but in January 2023, it received less than 5,000 visitors, according to SimilarWeb.

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    Even though the domain was registered more than 4 years ago, their Semrush Authority Score is 0% with only 5 backlinks, none of which are from any legitimate websites.

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    There is one website which used to redirect to – – but it is currently offline.

    Is 722l Legit?

    We open the website, but quickly discover that on desktop, the website is not viewable unless you’re signed up; it automatically redirects to a sign up page.

    While the logo reads “BTCz,” the title of the homepage is “Welcome to BTCEXO, the world’s leading contract trading platform. 100% of the handling fee is refunded in real time. Register & open a position in just 10 seconds.”

    Menu items include Market, Exchange, Contract, Period CFD, and Investment.

    They provide links to “quickly buy coins” with, Coinbase, and

    They claim to provide “24 hours professional customer service.”

    They also claim to have a mobile app.

    Other information they provide include:

    • “Global project expansion and operation management system, with local service trading centers in many countries”
    • “Bank-level wallet system, live financial risk control, multi-dimensional verify, 10year financial security team, multiple guarantees of fund security”
    • “Attentively sanding details, make the UI and interaction level by level more comfortable, and then the transaction can become a visual enjotment” [sic]
    • “Support Android, IOS and Pc website 3 device operation to control market information in live time, global market and transaction anytime and anywhere”

    We were able to find the first point on another website, which looks like a clone –

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    Bitfirer homepage

    On mobile, on the other hand, the BTCz website is viewable. There is no contact information, besides a contact form.

    There is also a Help Center, which for example contains a page that says:

    Dear Customer


    Due to the maintenance and upgrade of the platform, the latest domain name has been replaced
    The old domain name will be replaced and changed to:
    New Domain 1:
    New Domain 2:
    New Domain




    All the staff of BTCexo wish you a happy life

    Strangely, they refer to themselves as BTCexo here rather than as BTCz.

    Also, they mention that domain – – we saw earlier which used to redirect to

    According to another article, BTCz has also launched a cloud mining machine called “Lock-up Mining”. The subscription price is between 5,000 to 500,000 USDT and the mining duration is 30 days. The cloud mining machine allegedly generates USDT daily, which is issued to the account daily.

    The cloud mining machine has 6 categories, including lock-up mining (1A), lock-up mining (2A), lock-up mining (3A), lock-up mining (4A), lock-up mining (top-level), and lock-up mining (luxury). After subscribing, the platform deducts the corresponding amount of USDT from the user’s account and deploys the machine, with revenue generated starting on the third day.

    On their Legal Statement document, they write “The purpose of this website is to provide professional international trading platform and financial products for the global digital asset enthusiasts and investors as far as possible without violating the relevant laws and regulations of Singapore.”

    Could they be located in Singapore?

    Overall, this brief 722l scam review suggests that even if they are not a full fledged scam, they should probably not be trusted since they do not disclose any information about the company or the people behind it and the website contains many errors and problems that you would not expect to see in a legitimate website.

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    We turn now to BTCexo and try to look for BTCexo reviews or any information about it.

    Is BTCexo legit?

    A quick Google search reveals that is a website that is no longer online.

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    It was also registered through GoDaddy.

    We found some BTCexo scam reviews, for example, on TrustPilot one person writes: “It’s a fraud and they steal crypto and don’t payout.”

    Bottom Line

    During this BTCz review, we have discovered two active websites that we believe are scams:


    We also found some websites that were probably scams, but are currently defunct.

    Both and contain a host of red flags that unables us to put out trust in them. Bitfirer deserves a review of its own, but for now let us conlude by saying that Bitfirer and 722l are most likely SCAMS and should be avoided!

    Do you have any information about or Please leave a comment below!

    If you lost money online to the BTCz scam and related websites, make sure to get a free consultation with one of our recommended scam recovery companies.

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