Beware of Bybitft: An Insider’s Account of the Scam

 Pros and Cons

Pros:

• The minimum deposit is low.
• The trading platform is easy to use.
• The spreads are competitive.
• The leverage offered is high.

Cons:

• The company is not licensed or regulated.
• There is no customer support.
• There have been reports of the company disappearing with customer funds.

How Does Bybitft Reach To Their Prey?

Bybitft targets its victims through a variety of methods, including:

• Social media advertising: Bybitft creates fake social media accounts and posts ads that look like they are from legitimate news organizations or financial experts.
• Email spam: Bybitft sends out unsolicited emails that offer free trading signals or guaranteed profits.
• Online forums: Bybitft members post fake testimonials on online forums and review websites.

Technical Details

Minimum Deposit:

The minimum deposit required to open an account with Bybitft is $250.

Trading Platform:

Bybitft’s trading platform is a web-based platform that is not very user-friendly. The platform lacks many of the features that are standard on other trading platforms, such as charting tools and technical analysis indicators.

Spread:

The spreads on Bybitft are high, which means that you will pay more to buy and sell cryptocurrencies.

Leverage:

Bybitft offers high leverage, which means that you can control a large position with a small amount of capital. However, leverage can also magnify your losses, so it is important to use it carefully.

Packages and Products They Offer

Bybitft offers a variety of packages and products, including:

• A basic account that allows you to trade cryptocurrencies.
• A VIP account that offers higher leverage and better spreads.
• A futures account that allows you to trade cryptocurrency derivatives.

Withdrawal and Deposit Method

Bybitft offers a variety of withdrawal and deposit methods, including:

• Credit card
• Bank transfer
• Cryptocurrency

What Do Their Previous Traders Say?

There are a number of complaints about Bybitft online, including:

• The company has disappeared with customer funds.
• The company has refused to process withdrawals.
• The company has provided false or misleading information.

Summing Up- Why Should Not You Trust Bybitft

The red flags that we have discussed above suggest that Bybitft is a scam. You should not trust this company with your money.

If Bad Things Happen, Where Can You Get The Quick Solution?

If you have lost money to Bybitft, you can get help from a crypto recovery service. These services can help you to track down your lost funds and recover them.