Bitcoin Doubler Scams – Beware of BTC and Crypto Doubler Schemes!
The people who want to become rich overnight are not the only ones who fall prey to this scam. People with a gambling nature are also a target of doubler scammers. They lure them to place their Bitcoin on a bet to get more Bitcoin in return.
Con-artists have found another way of taking out money from traders. Bitcoin doublers scam is one of the most recent scams that is being executed in the online trading market. The name is self-explanatory, and scammers claim that the Bitcoins deposited by clients will be returned at least double the actual size in a couple of days. It has spread very fastly, as reports suggest that it has been featured on various brokerages and exchanges.
How The Scam Is Executed
Like the majority of other scams, this scam is also executed by offering huge profits in a very short time. In the beginning, I used to think that no one is so naïve to get trapped in unrealistic offers, but after looking at the number of victims, I realized that the scam is contagious.
The websites which operate this scam have kept the registration process very simple so that more and more innocent traders fall prey. The traders are usually required to enter only their name and email address before depositing money in the scammers’ accounts.
In some of the cases, the scammers contact the victim themselves and offer to multiply his Bitcoin collection by 2 or 3. They claim that they have found a way to hack into the blockchain and double the existing Bitcoin. After transferring the asset to scammer’s accounts, the only thing that multiplies is the level of worry. Keep in mind that Bitcoin is based on Blockchain, which is decentralized, and it cannot be hacked or manipulated by any means, so don’t become greedy.
The people who want to become rich overnight are not the only ones who fall prey to this scam. People with a gambling nature are also a target of doubler scammers. They lure them to place their Bitcoin on a bet to get more Bitcoin in return. It means that one way or the other, they will try to get your Bitcoin, and the best way to avoid getting scammed is by sticking to your normal trading and don’t flow with their 2 or 300% profit claims.