Beastxbet has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Fcbqe.com. We’ve received over 5 complaints against Beastxbet.
Beastxbet, which pretends to be a real cryptocurrency exchange, is a great example of how dangerous fake crypto sites can be. It entices investors with promises of big returns and free stuff, but all it does is take deposits and disappear, leaving users with no way to get their money back or deal with the risk of identity theft caused by personal information being misused.
Get Your Money Back From These Scammers!
[mychargeback-form]
Key Takeaways
Is Beastxbet Regulated? Do They Have a License?
Beastxbet has emerged as a troubling example of the dangers involved with fake cryptocurrency exchanges. This platform, posing as a real cryptocurrency exchange, has been involved in defrauding consumers and perpetrating a type of scam that is growing more widespread as digital assets gain prominence.
Beastxbet touts itself as a reputable cryptocurrency trading platform, offering a variety of incentives such as high returns, free bitcoin giveaways, and unique trading chances. However, the truth is far different.
The website is designed to collect deposits from customers, only to disappear without a trace, leaving users with no way to recoup their payments. The website also includes rules that allow it to restrict or suspend user accounts at will, which can be used to further scam users.
Despite the presence of a FAQ section and privacy policies, these fail to address the core issues of trust and validity, indicating that Beastxbet’s operations are not just misleading but also potentially unlawful.
The effects of using Beastxbet are severe and diverse. Initially, consumers are duped into depositing cryptocurrency, which are then practically stolen because the company refuses to allow withdrawals.
This frequently traps customers in a cycle of new deposits in an unsuccessful attempt to recoup their initial money. Additionally, personal information is collected throughout the registration process, which can be used for identity theft and other fraudulent acts in the user’s name. Interacting with Beastxbet also increases the chance of being exposed to more scams, since the site may sell users’ contact information to other fraudulent businesses.
Furthermore, the misuse of personal information may result in reputational harm, associating persons with fraudulent acts without their knowledge. Engaging with such a doubtful site may potentially expose users to legal consequences, especially if it is engaging in illicit activities such as money laundering.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Beastxbet 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 Beastxbet, 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 Beastxbet
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.
Beastxbet 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.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Beastxbet Reviews: What Do Others Say?
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 Beastxbet 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 Beastxbet 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 Beastxbet, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Beastxbet enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Beastxbet reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Beastxbet.
You should always look out for consumer complaints. In the case of Beastxbet, 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 Beastxbet? You can share your complaint in the comment section or submit an anonymous tip.
Is Beastxbet Legit Or a Scam?
Beastxbet 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 Beastxbet 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 Beastxbet?
Finally, falling prey to such scams has a substantial psychological impact, often resulting in severe worry, anxiety, and a sense of betrayal, all of which can harm mental health and undermine faith in online platforms.
Given the serious hazards involved with fraudulent platforms such as Beastxbet, individuals should exercise extreme caution and undertake extensive research before engaging in any bitcoin transactions. Awareness and alertness are essential for avoiding the traps of such frauds and maintaining both financial and personal well-being.
All the evidence suggests that Beastxbet 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 Beastxbet a scam?
Can I withdraw money from Beastxbet?
Where is Beastxbet Located?
How do I get my money back from Beastxbet?
How The Beastxbet 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. 
