Welcome to our LegitimateCryptoTrade Review regarding the website currently found at LegitimateCryptoTrade.com.
On January 6, 2023, a complaint was posted on the Better Business Bureau (BBB) by a person from Grand Blanc, Michigan, USA, who claims to have lost $1,500 in a cryptocurrency scam found at legitimatecryptotrade.com. The person reports:
A friend on Instagram posted about Bitcoin mining and how they made $10,000 in 3 hours. Once I liked the post, an Instagram friend direct messaged me asking if I would like to try and provided me _linda_kimberly_mentor_fx on Instagram and say that I was referred by him.
The person reached out to me asking if I would like to try and told me I could start with $500 and get $10,000. Asked to send money on Cash App to a person called Florence Herbin Joyner, then had me Zelle more money to some called Candice Blake, email@example.com.
Once I reached 10,000 the person told me to send $1400 to get money and I will receive it back. Told me if I could not cash app it then I need to go to the bank and get money out and take it to the Bitcoin machine. The person became very pushy after I told them I can’t do that. I told them I no longer want to so this and blacked friend and them in Instagram.
The following email address is mentioned in the report: firstname.lastname@example.org.
Other contact information mentioned includes:
- _linda_kimberly_mentor_fx (Instagram)
- Florence Herbin Joyner (name)
- Candice Blake (name)
- email@example.com (Email address / Zelle account)
So is LegitimateCryptoTrade Legitimate, or is it a SCAM? Don’t invest with them before reading this Legitimate Crypto Trade Review!
The domain LegitimateCryptoTrade.com was registered on May 11, 2022, through PDR Ltd. d/b/a PublicDomainRegistry.com for one year by Franklyn Onoaghakpote from 4 Erhunmwunse Street, 300102, Benin City, Edo, Nigeria.
+234.8101894682 is the phone number mentioned in the Whois Records, along with the email address firstname.lastname@example.org.
Hostinger International Limited hosts LegitimateCryptoTrade.com.
Even though it’s about eight months old, the website has not gained even slight popularity, and its Semrush authority score is 0% with 38 backlinks, but none are from any reputable websites.
Get in touch with our affiliated Cryptocurrency Forensic Specialists at CNC Intelligence for free by filling out the form below.
Legitimatecryptotrade.com is an online platform that aims to make cryptocurrency trading, investing, and mining easy and safe. The website supports a variety of popular digital currencies and offers over 100 tradable assets. The platform features unique risk management tools, advanced security protocols, and five trading options: 60 sec, Speed trading, 24 hrs, and Long term. The website claims to give clients an exceptional trading experience and adequate support to enhance their chances of success.
The “About Us” section of the website states that Legitimatecryptotrade is a place where traders can access real-world markets with cryptocurrency and start trading instantly. The website offers deposits and withdrawals via cryptos, overcoming the biggest hurdle for traders: the ability to instantly transact funds.
They claim to provide traders with instant deposits, lightning-fast execution, worldwide market access from around the globe, tight spreads, and the best client support. They have advanced trading robots made by their in-house programming team, and their State of the Art AutoTrade bot technology (ATBT) is one of their most powerful trading robots for automated trading.
How it Works
The website also has a “How it Works” section, explaining that users can sign up for free, select a package, and deposit. They can choose from any plans, fund their account with Bitcoins & more, and start earning.
The website states that they have been in operation for 1896 days, have 7056 participants, and have had 986,976 total withdrawals.
Strange that they claim the website has been in operation for more than five years while, as we’ve seen, it was just registered eight months ago!
The company claims to generate returns through a method called “pump and dump,” which they claim is legal and involves artificially increasing the price of a cryptocurrency and then selling it for profit.
However, in reality, pump-and-dump is an illegal scheme.
Legitimatecryptotrade Limited focuses on trading and hedging top-cap digital assets such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple.
Unfortunately, no verifiable information is provided regarding who is behind the company, such as a registered address, LinkedIn profiles, etc.
The following contact information is provided:
As we’ve seen in the complaint, the email is info@Legitimatecryptotrade.com.
There’s also a contact form and a live chat widget.
There are social icons on the page, but they are dysfunctional.
LegitimateCryptoTrade Scam Reviews
We could find no LegitimateCryptoTrade reviews on Google.
Therefore, we only have the BBB report we opened this article with.
Update (May 25, 2023) – we just received the following complaint about LCT:
A friend on Instagram named Diana Burrola shared a post about Bitcoin mining, claiming to have made $25,000 MXP in just three hours by investing $1,000 MXP. Intrigued, I contacted the person mentioned in the post, elise_brown_fx_mentor_. She offered me the opportunity to try it out, assuring me that I could start with $1,000 MXP and potentially earn $25,000 MXP. However, she requested that I send the money via transfer to a person named Wilbert Concepcion Gonzalez Duran.
Once I reached the target amount of $25,000 MXP, I received an email from the address email@example.com. The email stated that in order to receive my earnings, I needed to send $5,450 MXP. Subsequently, I received another email demanding $10,000 MXP in exchange for a pin that would allow me to access my funds.
Finally, I received yet another email asking for $16,000 MXP to ensure that the money would be reflected in my bank account. When I expressed my inability to comply and called out the situation as fraudulent, Elise became increasingly insistent and upset.
Upon more thorough investigation, we discover that this website is part of a network of similar scams made by the same individual or group.
- metroexpresstrades.com (defunct)
- capfxtrd.com (defunct) – On April 26, 2023, we received a complaint about them: “I lost $2,500 after signing up for this forex trading platform, Capfxtrd.com.”
Complaints We Received
On August 20, 2023, a person reported being scammed for over $1,760 USDT.
Bottom Line: Is LegitimateCryptoTrade Legit?
Even if we ignore all the red flags we’ve encountered until now when we check out the investment plans offered at Legitimate Crypto Trade, we discover that this is another website that is promising something that seems too good to be true, that is an investment with an exceptionally high yield:
For example, the SILVER PLAN requires a deposit of $200-$900 with an expected return of $2,352-$9,408. It offers 32% hourly profit, access to over 75 assets, and a withdrawal processing time of less than 48 hours. The plan lasts for one week and has a 5% withdrawal fee.
The PLATINUM PLAN requires a deposit of $10000 or more with an expected return of $21,000-$105,000. It offers 60% daily profit, access to over 75 assets, and a withdrawal processing time of less than 48 hours. The plan lasts for one week and has a 5% withdrawal fee.
A service that offers such high ROI is a scam.
To conclude, our investigation has shown without a doubt that LegitimateCryptoTrade is a SCAM!
Thanks for reading our LegitimateCryptoTrade Review.
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