Xevitex has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Weogex. We’ve received over 6 complaints against Xevitex.
The cryptocurrency site Xevitex is a scam that operates a sophisticated scheme. Using fictitious celebrity endorsements, the unregulated offshore website makes bold claims of amazing returns and free Bitcoin. As money given by victims is taken, there is no free cryptocurrency or quick money.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Xevitex Regulated? Do They Have a License?
The most recent example of a cryptocurrency trading platform that has fallen victim to fraud is Xevitex. This scam uses a complex scheme that is promoted via social media and features celebrities. The scam works by using famous people’s fame and clout to lure in unwary customers who would then deposit money into the site.
Endorsements from famous people provide the impression of legitimacy and trustworthiness to these social media postings. Nevertheless, Xevitex.com is in no way associated with these people. Users are enticed to join the site and start trading and investing in cryptocurrencies once they deposit cash.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Xevitex is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Xevitex, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Xevitex
When victims input these codes after registration, they will see a balance of about 0.31 BTC added to their Xevitex dashboard to reflect the transaction. Despite this, a notification appears when users seek to withdraw the monies, stating that to “activate” the withdrawal capabilities, they must first make a minimum deposit of 0.005 BTC.
By requiring customers to make a deposit, con artists can deceive consumers who are not paying attention to transferring genuine Bitcoin payments, which they then quickly steal. There is no such thing as the Xevitex platform, nor are there any fake celebrity cryptocurrency giveaways.
The company Xevitex portrays itself as being affiliated with celebrities and makes promises of gifts that never come to fruition. Despite this, the firm does not have any valid registration or contact information whatsoever.
Even though their Bitcoin holdings seem to be inflated, consumers discover that they are unable to withdraw cash immediately. They are instead confronted with the obligation to make a minimum deposit of $200 to $500 to activate withdrawals. This is ostensibly to verify their identification and initiate payouts.
The customer support department of Xevitex exerts pressure on consumers who indicate reluctance or suspicion by citing bogus regulations and fines for non-compliance. Victims are only able to get entangled in the fraud after they have submitted the required cryptocurrency payments.
Although they have made the payment, their Xevitex balance is still unavailable and cannot be transferred. This results in victims having their deposits stolen from them, since the withdrawals that were promised never materialize.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Xevitex Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
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Xevitex Reviews: What Do Others Say?
The platform will prohibit any efforts to withdraw money once users have originally deposited monies into Xevitex. The reason for this is often a failed ID verification. After consumers have contacted customer support, agents will escalate the matter by creating new challenges that are claimed to demand extra fees to be resolved.
Take, for example, the possibility that they may assert that the account requires an improved verification status, that taxes need to be cleared, or that network fees are preventing payments. Scammers claim that each problem may be remedied by transferring a certain quantity of Bitcoin or Ethereum before money can be released until the scammers have received payment.
When victims are subjected to Xevitex’s persistent demands for further deposits, fees, and personal information, this cycle perpetuates itself. As con artists attempt to get the greatest possible sum of money, victims are confronted with an increasing number of defenses and invented obstacles with each payment. Following the theft of their possessions, victims are entirely disregarded and left without any legal options available to them.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Xevitex tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Xevitex reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Xevitex, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Xevitex enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Xevitex reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Xevitex.
You should always look out for consumer complaints. In the case of Xevitex, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Xevitex? You can share your complaint in the comment section or submit an anonymous tip.
Is Xevitex Legit Or a Scam?
Xevitex is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Xevitex can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Xevitex?
All the evidence suggests that Xevitex is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Xevitex a scam?
Can I withdraw money from Xevitex?
Where is Xevitex Located?
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How The Xevitex Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
