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Is Bitexbuy.org a Legit Crypto Platform or a Scam? Our Honest Bitexbuy Review!
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Feb 10, 2025
Wondering if Bitexbuy.org is a genuine cryptocurrency platform? Think again. In this honest Bitexbuy review, we break down why it is a scam that you should avoid. With false promises of high returns and a lack of transparency, this platform isn’t the safe investment it claims to be. Learn how to spot scams like Bitexbuy.org and protect your crypto investments. #Bitexbuy.org #Bitexbuy #cryptoscams #cryptocurrency #scammer #foryou #fyp #foryoupage #foryourpage #foryoutube #scams #scamalertreviews #scammeralert #scamaware #investmentscams
View Video Transcript
0:00
what's up guys welcome back to the
0:02
channel if you've been eyeing bitx
0:04
by.org for investment stop and watch
0:07
this video we're about to expose it as a
0:09
Ponzi scheme and we'll tell you exactly
0:11
why it's a scam you should avoid stick
0:13
around because we've also got some tips
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to protect yourself from scams like this
0:18
let's get
0:22
started at first glance it might look
0:24
like a great opportunity to make money
0:26
fast the website promises big returns
0:30
sounds tempting right well here's the
0:32
truth it operates as a Ponzi scheme so
0:35
while it might pay out for a short time
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eventually the money dries up and the
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majority of people lose their
0:40
Investments now you might be wondering
0:43
what exactly is a Ponzi scheme let's
0:45
break it down a Ponzi scheme is a type
0:49
of investment scam where early investors
0:51
are paid returns from the money of new
0:53
investors rather than from any actual
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profits the scheme relies on a
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continuous stream of new people to
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invest money to keep the payouts flowing
1:01
initially the scheme works by paying a
1:03
few early investors to create the
1:05
illusion of legitimacy but eventually as
1:07
the money from new investors slows down
1:09
the scheme collapses leaving most of the
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investors with
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nothing let's take a closer look at the
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red flags that show it is a scam these
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are the signs you need to watch out for
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unrealistic returns it promises 5% in 2
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weeks that's ridiculously high and
1:30
should be your first red flag real
1:32
investment opportunities do not promise
1:34
those kinds of returns especially in
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such a short time high returns are often
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a tactic used by Ponzi schemes to lure
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in new investors but remember if it
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sounds too good to be true it usually
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is no proof of income it claims to be
1:50
making these huge returns but they don't
1:52
provide any real proof of where the
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money is coming from legitimate
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businesses can show you how they make
1:58
money whether it's through products
1:59
services or Investments this site
2:02
however can't provide any proof of
2:04
income because they don't actually have
2:06
any real business they just Shuffle
2:08
money around between people deceptive
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payment proofs Ponzi schemes are
2:12
notorious for using fake payment
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proofs they show you screenshots of
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people receiving payouts to create the
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illusion that the scheme is working but
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here's the catch those payments are
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often made to just a few early investors
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to build trust and make the scam look
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legitimate as more people join the money
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pool depletes payouts stop and the
2:32
scheme crashes similarities to other
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Ponzi schemes the business model of this
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platform looks very similar to many
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other Ponzi scams that have been exposed
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over the
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years they promise High returns with no
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real product and they rely heavily on
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recruiting others to keep the money
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flowing it's a classic Ponzi scheme
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Playbook another tactic that Ponzi
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schemes like this use is fake
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registration documents they may show you
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officiall looking documents that seem to
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validate their business such as
3:08
registration from the UK or Hong Kong
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but let me tell you these documents do
3:12
not make the business legitimate these
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registration are often just for tax
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purposes and they don't give the company
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any legal right to operate an investment
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firm don't be fooled by these documents
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many businesses that have used these
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kinds of registrations have turned out
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to be scams so just because they show
3:29
you a piece of paper doesn't mean
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they're
3:37
legitimate getting your money back from
3:39
Ponzi schemes like this is extremely
3:41
difficult but here are some steps you
3:43
can try withdraw your money ASAP if
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you're still able to access your account
3:48
withdraw your funds immediately Ponzi
3:50
schemes often pay the initial investors
3:52
to attract more people but once they've
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gathered enough money they'll stop
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paying out so the sooner you withdraw
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the better
4:00
keep records this is super important
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document everything save screenshots
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emails chats with the company and any
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other communication related to your
4:10
investment this information could be
4:12
crucial if you need to take legal action
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later contact your bank if you made the
4:17
investment via credit card or bank
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transfer contact your bank or payment
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provider request a chargeback or refund
4:25
sometimes payment providers can reverse
4:27
fraudulent transactions report to
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authorities report the scam to relevant
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authorities like the FBI SEC or your
4:35
local Consumer Protection Agency these
4:37
organizations may be able to investigate
4:39
and help you recover your money monitor
4:42
your accounts keep an eye on your
4:43
financial accounts to spot any
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unauthorized transactions change your
4:48
passwords and enable two Factor
4:49
authentication to protect your personal
4:52
information legal action if you've lost
4:55
a significant amount of money and the
4:57
above steps haven't worked consider
4:59
speaking with a legal professional they
5:01
can help you understand your options and
5:03
whether you can take legal action
5:05
against the
5:10
company now how can you protect yourself
5:13
from scams like this in the future here
5:15
are some tips do your research before
5:18
you invest any money research the
5:20
company look for reviews and feedback
5:22
from other customers check their contact
5:24
details real businesses have real
5:27
addresses and customer support scams
5:29
often hide behind fake contact
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information dot dot do be wary of too
5:34
good to be true offers if something
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sounds too good to be true it probably
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is scams often promise incredibly High
5:41
returns with no risk always be cautious
5:44
of these kinds of offers remember if it
5:47
sounds too good to be true it probably
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isn't true use safe payment methods
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stick to reputable payment methods like
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credit cards or PayPal avoid paying via
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gift cards wire transfers or
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cryptocurrency unless you're 100% sure
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the transaction is legitimate use strong
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passwords use strong unique passwords
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for all your online accounts and enable
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two Factor authentication for Extra
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Protection this will help prevent anyone
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from gaining an authorized access to
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your accounts dot do Dobe careful with
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fishing emails fishing scams are common
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so be cautious when opening emails from
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unknown senders always check the link
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before clicking and make sure it's
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legitimate protect your personal
6:30
information never give out excessive
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personal information on websites that
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don't seem trustworthy scammers often
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ask for too much info to steal your
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identity check for regulatory licenses
6:42
verify whether the company is regulated
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by relevant authorities such as
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Financial Watchdogs legitimate
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businesses must comply with financial
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regulations whereas scams often operate
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outside of these
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Frameworks assess the transparency a
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trustworthy business will provide clear
6:59
access details about how it operates its
7:01
business model and the risks involved
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Ponzi schemes like this often hide this
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information or offer vague explanations
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look for warning signs in communication
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genuine companies have professional
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communication with clear details and
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proper customer service scams often use
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pushy sales tactics unsolicited emails
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or aggressive phone calls to rush you
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into making
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decisions beware of fake testimonials
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scams May feature fabricated success
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stories or fake testimonials from
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satisfied clients always be skeptical if
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the testimonials seem overly positive or
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if there is no way to verify the
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individuals involved research the
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founders or operators look up the
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backgrounds of the individuals behind
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the business a lack of publicly
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available information or Shady
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backgrounds is often a red
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flag after going through all the facts
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it's clear that bitex by.org is a fraud
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business designed to scam you we hope
8:01
this video has helped you understand
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Ponzi schemes and how to stay away from
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them if you've experienced bitex buy or
8:08
have anything to add let us know in the
8:10
comments and if this video was useful
8:12
please like share and subscribe to help
8:15
others stay safe thanks for watching and
8:17
stay wise and alert
#Other