Crypto-qs.com is a scam exchange claiming users can earn a fixed 30% return on investment without risk. Upon investigation, we discovered that their official Instagram page had been switched from public to private, and their Twitter account had been closed. These suspicious actions raise significant concerns about the legitimacy of crypto-qs.com.
If you want in-depth information about whether crypto-qs.com is a scam, we strongly recommend reading our detailed review to understand the risks and protect yourself from potential fraud.
Important Red Flags on Crypto-qs.com
- Social Media Account Closed: Crypto-qs.com has closed all its social media accounts, including its Twitter account, and changed its Instagram page from public to private. This lack of transparency and sudden disappearance from social platforms is highly suspicious and indicative of fraudulent activity.
- Unresponsive Customer Support: The platform’s customer support is unresponsive, leaving users without assistance or recourse for their issues and inquiries. This lack of support is a significant red flag, as legitimate exchanges typically offer robust customer service to ensure user satisfaction and problem resolution.
- Unrealistic Return on Investment: Crypto-qs.com promises a fixed 30% return on investment without risk. Such high and guaranteed returns are unrealistic and commonly used by scam platforms to lure unsuspecting investors. In genuine financial markets, all investments carry some degree of risk.
- Unregulated: The exchange operates without regulatory oversight, making it an unregulated entity. This lack of regulation increases the risk of fraudulent activities and leaves users unprotected, as there is no governing body to ensure the platform adheres to industry standards and practices.
These red flags collectively indicate that Crypto-qs.com is a highly suspicious and potentially fraudulent platform.
Social Media Account Closed
One of the major red flags of Crypto-qs.com is the sudden closure of its social media accounts. The platform’s Twitter account has been shut down, and its Instagram page has been changed from public to private. This abrupt disappearance from social media is highly suspicious and indicative of potential fraudulent activity. Legitimate businesses maintain active and transparent social media profiles to engage users and build trust.
The closure of these accounts suggests that they may be attempting to avoid scrutiny and negative feedback, raising concerns about its legitimacy. Users should be wary of platforms that exhibit such behavior.
User Reviews about Crypto-qs.com
On June 25, 2024, the following complaint was filed with the BBB (Better Business Bureau) regarding a cryptocurrency scam at Crypto-qs.com by a person who reported being scammed for $10,000:
CryptoQS baits unsuspecting individuals into using trading platform then prevents the individual from withdrawing funds unless they upgrade to a platinum account which costs $30000.
Second Complaint
On July 4, 2024, the following complaint was filed with the BBB (Better Business Bureau) regarding a cryptocurrency scam at Crypto-qs.com by a person who reported being scammed for $1800:
I saw the website in trustpilot and I found out most of the positive reviews were fake recently. I contacted the admin before depositing. he made me believe the payouts were real. i have deposited initially and then before the withdrawal process they asked me to deposit again for the blockchain mempool. I’m so broke now i trusted them with my money and found out i got scammed. PLS HELP ME GET MY FUNDS BACK.
Is Crypto-qs.com a Scam?
When we conducted a deep investigation of online reviews, we found several red flags indicating that Crypto-qs.com is a scam. The platform started on April 24, 2024, and claims to offer a fixed return on investment of up to 30%. Which is unrealistic and impossible in the real world. Additionally, they closed all their social media accounts, and the website owner hid their identity, adding to the suspicion.
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During the signup process, we discovered Crypto-qs.com does not require KYC verification, only asking for basic details. This lack of proper verification is a major red flag. Furthermore, users have reported losing money through this website on the Better Business Bureau, confirming its fraudulent nature. Based on these findings, it is evident that this is a scam, and potential users should avoid engaging with this platform to protect their investments.
Closing Analysis
Crypto-qs.com displays numerous red flags that strongly indicate it is a scam. The platform’s unrealistic promise of a 30% fixed return on investment, the closure of all social media accounts, and hidden ownership. lack of KYC verification and numerous user reports of lost funds on the Better Business Bureau all point to its fraudulent nature.
Engaging with them poses significant financial risks. Potential users should exercise extreme caution and avoid this platform. Always choose regulated and transparent trading platforms to ensure your investments are secure. Thorough research and vigilance are key to protecting yourself from scams.
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