UbitEx.com is a cryptocurrency platform offering trading, buying, and futures services for popular coins like Bitcoin, Ethereum, Solana, and Litecoin.
While it may appear promising at first, closer inspection reveals serious red flags that raise concerns about its legitimacy. Let’s explore the issues before you decide to invest.
UbitEx com Review
UbitEx.com claims to offer an easy-to-use interface for people interested in cryptocurrency exchange regardless of their level of experience.
Nevertheless, it is surrounded by significant credible concerns. While the website is also run in the name of the CEO Alex Sandro, he is just a hired local actor from Bali and not a real CEO.
After this was established, he was taken off a modelling agency’s list of online portfolios.
Also, the platform is connected with people in China so you can imagine that your money is not safe and you can never get it back if needed as the platform is overseas fake.
Is UbitEx.com Crypto a Scam?
- Fake CEO: This has made many people doubt the authenticity of the platform because the man introduced as the platform’s CEO by the name Alex Sandro is actually an actor.
- Shady Connections: UbitEx.com operates in association with Fintouch – a known criminal group that deceived investors, embezzling 4.6 billion dollars; as a result, it is rational to consider UbitEx.com as a recolored criminal project.
- Fake Reviews: Other PEs involved Trustpilot reviews that popped up in a short period, which indicated that the company would want to give a positive picture of the company that most people cannot see.
- New Platform: Founded in 2024, UbitEx.com has been online for less than a year, so it is hard to believe.
- Withdrawal Issues: Load issues involving withdrawals are described by many of the users with some noting that they cannot withdraw specific tokens.
Steps To Avoid Any Crypto Scam
If you suspect a scam on UbitEx.com or any platform, act fast. Stop all transactions, and avoid sending more money or sharing personal details.
Contact your bank or payment provider to report the issue and see if recent transactions can be reversed.
Document everything—screenshots, transaction details, and messages—for any legal action or reports.
Finally, share your experience on forums and review sites like Trustpilot and Reddit to help warn others. Taking these steps can protect you and others from future scams.
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