TopOneWallet Review: Is it a Scam?

Welcome to our TopOneWallet Review, in which we  present our investigation into the website currently found at

Yesterday, February 27, 2023, we received the following complaint:

I invested 500 USDT in, but unfortunately, the platform has collapsed, and I have lost my investment of 500 USDT.

So what exactly is and is Top One Wallet a SCAM?

TopOne Wallet Review - Screenshot of

TopOneWallet Review

TOPONE is a digital currency quantitative wealth management wallet under Galaxy Digital, designed to build a world-class blockchain asset management platform and create a community consensus win-win digital currency fund for global users.

It combines blockchain and AI quantitative technology, which has the advantage of a unique quantitative strategy for wealth management and the advantage of unchangeable data on the chain, making it easy for every user to make financial investments in digital assets.

It has a broad business scope that includes digital asset management, secure custody, transfer and transaction of digital assets, lending management, intelligent quantitative money management, automatic high-frequency trading, and decentralized liquidity mining funds.

TOPONE provides various quantitative strategies such as arbitrage hedging strategies, trending strategies, martingale strategy, CTA strategy, market neutral strategy, and high-frequency trading strategy that provide stable returns.

TOPONE also enables users to participate in financial derivatives investments in digital currencies, helping users to gain excess returns that are risk-averse.

TOPONE platform also launched the participation cycle mining 360 days, you can get the first charge reward income, release TOPONE platform coins to users, and share the dividends of platform coin appreciation with users.

Get in touch with our affiliated Cryptocurrency Forensic Specialists at CNC Intelligence for free by filling out the form below.

    TOPONE has a DAO community sharing model where users participate in community governance through voting and decision-making mechanisms, community residents invest and manage money together, and everyone is the manager of the ecology and a participant of the ecology.

    Is TopOneWallet a SCAM?

    There are some red flags that potential investors should consider before investing in any cryptocurrency platform:

    Lack of regulatory oversight

    The cryptocurrency market is largely unregulated, which means that investors may have little recourse if they are scammed or if the platform collapses.

    Lack of transparency

    It can be difficult to determine who is behind a cryptocurrency platform and how it operates. In the case of TOPONE, while the white paper provides some information about the company, there is little information available about its team members and their qualifications.

    They claim to belong to Galaxy Digital Group, a company headquartered in New York, USA, which

    has obtained MSB (Money Service Business) license to carry out compliant digital asset finance-related business globally, helping global users to help profitable assets of more than ten billion dollars in volume.

    However, we can find no mention of “Top One” on, Galaxy Digital Group’s website.

    High investment returns

    The promise of high investment returns is often used as a tactic to lure in investors, but it can also be a sign of a potential scam. Investors should be wary of any platform that promises guaranteed or unusually high returns.

    Lack of independent verification

    It is important to ensure that any claims made by a cryptocurrency platform are independently verified. In the case of TOPONE, there is little information available about its strategies and how they are implemented.

    ZenGo Wallet Banner

    They offer apps for Android and Apple, but only downloadable files, they are not on the Google Play Store and AppStore, so it would it be risky to install them as we do not have user reviews to trust.

    The domain was registered on July 6, 2022 through GoDaddy for one year.

    The website is moderately popular with a global rank of 403,710 and 168,650 in Mexico. According to SimilarWeb, they received 131.5K visits in January 2023, especially from Mexico, Venezuela, Egypt, Palestine, and Colombia.

    On Semrush they have a 9% Authority Score with 461 backlinks from 130 referring domains, however none of the backlinks add much credibility to TopOneWallet.

    For example, the two top referring domains are

    • a page, which generates the following keywords: “Doubtful. Perilous. Alert.” With a trust score of 48.4%,
    • and check page which concludes that “This site may not be safe to use” due to “This site is reported as sanctioned or blacklisted” with a very low trust score from and being Unsafe according to Trend Micro.

    Other online reviews of Topone Wallet present it as a fraudulent cryptocurrency platform that claims to offer staking, trading, lending, and mining with daily returns. It falsely claims to be connected to Galaxy Digital and is not registered or licensed.

    The Spanish financial regulator has confirmed it as illegal, and it is potentially a scam broker that operates without proper regulation. The platform uses stock photos and a paid actor posing as staff members.

    TopOneWallet Scam Review Conclusion

    In conclusion, TopOneWallet is a cryptocurrency platform that claims to offer various financial products and services to its users. However, our investigation reveals that it is likely a scam, with red flags such as lack of regulatory oversight, lack of transparency, high investment returns, and lack of independent verification.

    The website is not registered or licensed, and the Spanish financial regulator has confirmed it as illegal.

    Furthermore, TopOneWallet falsely claims to be connected to Galaxy Digital and uses stock photos and paid actors posing as staff members.

    It is essential to be cautious when investing in cryptocurrencies and to recognize online scams, including the importance of using secure payment methods, private keys, two-factor authentication, and recognizing the difference between hot and cold wallets.

    The good news is that there are reputable cryptocurrency wallets available, such as hardware wallets and software wallets, that allow users to store their digital assets securely.

    If you have fallen victim to online scams, please comment below. If you have suffered a substantial financial loss, do not despair. We are here to assist you in recovering your funds!

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