Cryptow.cc Review Why Waste Your Time on BTC Doublers {Very Risky}

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Bitcoin Doubler Review – SCAM Warning!

This is an in-depth and completely unbiased review of Bitcoin Doubler. As you can guess from the name, the website is a scam and we are about to expose it to the entire world in this article. It is our social obligation and duty to humanity to expose scams like Bitcoin Doubler and save a lot of people from the heartbreaks, headaches and stress that being scammed brings about. Read this with a pinch of salt and a smile on your face knowing that we always got your back, and most importantly share with your friends and family.

Update (July, 2020): There are a TON of Bitcoin Doubler scams. We set up a page that will be contstantly updated with the latest, most viral doublers. Check it out here: Most Viral Cryptocurrency and Bitcoin Doublers.

What is Bitcoin Doubler?

Bitcoin Doubler, which operates under the (corny) domain name bitcoin-doubler.tech, is an investment program which increases the value of deposits by up to 2 zeros. Supposedly, investors can earn returns of up to 100 times their investment within 24 hours in this program.

As the story goes, the Bitcoin Doubler was founded in 2020 by a team of “enthusiasts” who mistakenly discovered a small flaw in the “Bitcoin client,” whatever that is. In reality, the domain name bitcoin-doubler.tech was registered in 8th June 2020 – first lie caught, first red flag. Moving on, the small flaw turned out to not be that small after all as it enables them to multiply Bitcoins send to them up to 100 times. Of course they don’t want a lot of people to know (lest they copy) and so would we mind keeping it between us?

Back to the innovative team behind the Bitcoin Doubler program, they allegedly realized a weakness in the blockchain that allows them to add new positions. They then ‘double spend’ all the Bitcoins deposited by users and multiply them by up to 1000% (one thousand) of the original deposits. They then keep some to cover operating expenses and as profit and use the remainder to repay their investors in hundred fold – that is, their deposit multiplied by 100.

How does the Bitcoin Doubler program work?

As it is, the Bitcoin Doubler website is very scanty with the intricate details of how the program works but we did manage to extract some useful, albeit nonsensical information from the poorly written web content. So here’s how the site works: The first step involves sending some BTC to the site’s address as provided. No account registration is required (red flag!) and presumably no personal details are needed. The minimum deposit required is 0.035 BTC. After sending the money, a unique transaction ID is generated and serves as proof of deposit. The next step is to wait for 24 hours for your returns to be transferred to your wallet. And that’s about it.

Imagine how much Bitcoin you can make from this website in a week if everything was true? Hell, Forbes magazine would dedicate an edition to examining the Bitcoin revolution and TV hosts would be falling over themselves to host the team behind the website to explain their wonderful idea. Note the operating phrase is, IF it were true. Are we saying it isn’t true? Well.

Scam Test: How credible is Bitcoin Doubler?

In this section, we attempt to determine the credibility, or lack thereof of this site using a set of questions selected by our team from the hundreds sent by our readers based on their relevancy.

Does the website promise unbelievably high returns?

Yes. Bitcoin Doubler promises very high returns of up to 100 times the original investment in a single day. That simply means that, if for instance you deposit 1 BTC, you are bound to receive 100 BTC within 24 hours, and it comes with ZERO risks. Such kinds of returns can only be achieved in corrupt and illegal dealings and even those have some risks.

Is there any information about the owners on the site?

Not really. All we know is that the the website was created by a team of ‘programmers, brokers and investors’ who are passionate about Bitcoin. No more information is provided and as it is, we don’t know the names or the faces of those people. We can’t even tell how many they are and their job descriptions. Most importantly, we are not really sure that they even exist!

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A WHOIS query doesn’t help either since they are using a privacy service to hide their identities.

How old is the website?

Having been officially registered on February, Bitcoindoubler.tech is about 2 months old as at the time of writing this. We are surprised that the site has survived for that long with its terrible reputation and we do hope that it dies soon. That said, the site’s age is still below our recommended age of 6 months and above for websites requiring you to send money.

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Apparently, they owned bitcoin-doubler.bid before. Seems like each time they get blocked, they open a new site with a different TLD. There are thousands of TLDs nowadays so they can potentially keep up with this scam indefinitely.

Bitcoin Doubler do have a Facebook page which, although barely active, is a great start. However, we found that the site actually has links and is most likely owned by the same person/people who also own Bitcoin-price.bid and thebitcoiner.bid, both of which are certified scams. We couldn’t find any credible site linking to Bitcoin Doubler which says a lot about the site.

Does the site have a physical address?

To put it simply, the only address provided on the website is the support email address. There is no phone number or office address for mailing purposes or any other form of address. The Bitcoin Doubler website is also registered under an unknown jurisdiction, thanks to WHO.IS, which makes it impossible for us to get any details on its location or owners. It also means that you have no way of tracking them if they disappear with your money, and trust they will.

How does the site rank on Alexa?

As at the time of writing this report, Bitcoindoubler.tech had a global ranking of 642,281 on Alexa.com. Most of its visitors seem to be from Brazil, India, United States, Indonesia, Nigeria, Malaysia, Pakistan and Bulgaria.

Conclusion

The scam test above proves that Bitcoindoubler.tech is a scam created for the sole purpose of enriching the owners who, as you have seen, also operate several other scams. Keep away from this site and the others mentioned herein if you value your money and your time.

Verdit: Bitcoin Doubler is a SCAM!

Blacklisted sites: bitcoindoubler.tech, bitcoindoubler.fund, bitcoindoubler.expert & bitdoubler.tk

If you have been scammed by Bitcoin Doubler, please let us know by commenting below.

Visit our Day Trading Guide to learn about legit cryptocurrency investment routes to consider.

Fraud Risk Assessment: BTC Doubler

  • BTC Doubler
  • Reviewed by: Digiconomist

BTC Doubler (btc-doubler.com) provides Bitcoin investment services. The company’s legitimacy has been evaluated based on the items listed below. Every individual item has been checked for the presence of obvious red flags or warning signals. If these are present, an explanation detailing what triggered them has been included. A detailed description of the reasons to evaluate each of the included items can be found below the table.

Persuasion
Total Flags: 12 (3 Warnings = 1 Flag)
Phantom Riches The website leaves very little to the imagination by promising to double your money every 100 hours.
Scarcity N/A
Source Credibility N/A
Social Proof N/A
Reciprocity N/A
Products
Guaranteed Return N/A
High Return / Low Risk Being able to double your money every 100 hours means it wouldn’t take very long to be richer than Bill Gates if it were real. Obviously, that’s not going to happen.
Overly Consistent, Positive Returns The investment plan returns a perfectly steady positive income percentage regardless of any external variable such as price volatility.
Downplaying Risks BTC Doubler doesn’t feature any risk disclosure at all
Secretive or Complex Trading Strategy The company doesn’t really state what it does exactly.
Service
Website Available Yes
Website Registration Details btc-doubler was registered in April 2020
Website Design Good
Grammar on Website Good
Payments Options Bitcoin only
Service Disruptions & Unbusinesslike Conduct The company probably never bothered to register (see Business Registration)
Contact Information Not provided
Business
Verified Address Not provided/hidden behind WHOIS privacy protection
Verified Owner The name of the owner is unknown.
Business Registration BTC Doubler doesn’t provide any information on its location, making it impossible to verify whether it is a registered company.
Financial Regulator Registration Not even a business registration could be confirmed (see Business Registration)
Independent Audits None

Note that items with a warning instead of a flag indicate that these could occur at a legitimate company. For example, legitimate companies will normally try to persuade you into buying their products. Multiple warnings will, however, still trigger a flag. A description for the listed items is provided below. This list is meant to assist with identifying obvious scams, and therefore does not provide any guarantees that a company is truly legitimate.

Phantom Riches
The most common tactic used by fraudsters is called “phantom riches”. By dangling the prospect of wealth such as “big payoffs”, the scam artist tries to get you to stop thinking logically.

Scarcity
Using the fear of missing out, fraudsters create a false sense of urgency with statements such as “last chance” or “only so few available”. This causes people to agree hastily, before even having the opportunity to think about what they’re doing.

Source Credibility
Persuasion is more likely when the source presents itself as being credible, expert and trustworthy. Common tactics used by scammers to make themselves look legitimate include using fake websites or hacked emails and pretending to be someone they are not. Alternatively, sources can also be external with claims such as “Warren Buffet has already invested in this”.

Social Proof
Fraudsters take advantage of herd behavior by creating the illusion of consensus or social proof that the investment is legitimate with claims that “everybody is already doing it”, or referral programs in which members encourage their friends and associates to invest as well. This automatically triggers something in the head that says: “if everybody [or someone from the inner circle] wants it, it must be good”.

Reciprocity
A business is likely to receive far more of our trust when it provides a lot of free value, because of the rule of reciprocity which causes us to tend to feel obligated to return favors after people do favors for us

Guaranteed Return
All investments carry some degree of risk, so a guaranteed profit is a clear red flag.

High Return / Low Risk
Like a guaranteed return, a high return / low risk investment opportunity also defies the common risk-return relationship. The best advice is an old one: “if it sounds too good to be true, it probably is”.

Overly Consistent, Positive Returns
Cryptocurrency markets are among the most volatile markets, hence the performance of any related product or service is also expected to fluctuate.

Downplaying Risks
The fraudster will do anything to provide a false sense of security, such as presenting some form of external risk insurance for the investment. In reality, insurance is only seldom acquired and guarantees typically lack substance. Dummy companies are often used to act as the guarantor or insurer. Other actions may include misrepresenting, or even non-disclosure of risks involved.

Secretive or Complex Trading Strategy
Even in the world of cryptocurrencies one should be skeptical about special competitive advantages without any proper disclosure, or when the information is incomprehensible or incomplete. Too often only the positive elements are accentuated.

Website Available
Considering the importance of domains and websites in the internet age, there is almost no reason for a legit company not to have one.

Website Registration Details
Very few scam websites survive longer than one year, so domains are generally registered for just one year unless otherwise required for the specific domain. For the same reason, websites created less than one year ago should be considered suspicious.

Website Design
Amateurish, cluttered and disorganized websites can point to a scam as many scam sites use text and images from legit websites and other sources which may not work together very well.

Grammar on Website
Many scammers have limited English proficiency.

Payments Options
Even though cryptocurrency payment options are logical for a cryptocurrency company, it is also very convenient for scammers as the recipient essentially remains anonymous. The same goes for services such as Western Union and Moneygram. Hence a lack of alternative payment options should still be considered a warning signal.

Service Disruptions & Unbusinesslike Conduct
Especially Ponzi scheme promotors will encourage participants to “roll over” their investment. These schemes are not very fond of investors cashing out, which may lead to difficulties receiving payments and a non-responsive or difficult to reach customer service.

Contact Information
Legitimate companies have very little reason not to list their contact information.

Business Verification
First, you should never hand your hard-earned money over without knowing where it is going. Second, you should do a background check to avoid handing it to a known scammer. Be weary of people without an online identity. Scammers will typically try to hide their identity or conceal their true identity to avoid being easily discovered. Especially investment services are normally subject to strict regulatory oversight, so a registration should not be hard to find.

Independent Audits
Audits certainly do not root out every instance of fraud, but auditors do have a responsibility to detect errors or fraud in the company’s financial statements.

How Much is Double BTC Site Trusted?

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    Hash-coin.cc Review : Don’t Waste Time, Register Now!

    Risk Warning

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    This article is writing 10 Nov 2020 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258

    Disclaimer:

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    IS ABOVE COMPANY IS TRUSTED ?

    Golden Rule For Investors

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    Disclaimer

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