On different social media like Facebook, WhatsApp groups and Telegram groups, you’ll see a link with the inscription similar “Buy bitcoin for 5%, 10% or maybe even 20% under market value. Save big!” This is a marketing trick to get you to visit and use their fake bitcoin exchange.
The very first thing you want to do is make sure bitcoin exchange site is HTTPS secured and not HTTP. HTTPS means that the web traffic is encrypted and secured; But HTTP without the “S” means the site is not encrypted and very vulnerable and means stay away unless you want to loose bitcoin.
Another vulnerable sign to look out for are fake exchanges that offer selling Bitcoin for PayPal. Sites like these you’ll see a web form to enter your PayPal email and amount to sell. After submitting, you will be given a QR code/wallet address to send your bitcoin, but the money never arrives.
It now seems that even fake exchange platforms also buy SSL certificate or get from source that is not reliable. With these fake exchange websites also having HTTPS, it has become more difficult to tell the difference. How Mntrends have put together a list of trusted website where you can buy and sell bitcoin globally. CLICK HERE to see the list and trade bitcoin with ease.
Most of these fake bitcoin exchange platforms are available one day and not available the next. You will see them pop up but will disappear after a while and then re-emerge with a different domain name later.
To be sure you are going to a real Bitcoin exchange, use the CONTACT US PAGE to send us a message. Include the name of the site you wish to use, to ensure you aren’t being scammed.