Category: Fraud

BTCLowen – Another Dodgy Site Claiming to Buy Bitcoin At Premium Rates

A few weeks ago, we briefly discussed a service called My Wallet Ltd., a UK-based company looking to buy all of your Bitcoin at a 10% above-the-market premium rate. While there remain a lot of uncertainties regarding the legality of this service and whether or not you should sell them your Bitcoins, a similar service called BTCLowen has popped up. BTCLowen – The Same Company as My Wallet Ltd.? The …
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My Wallet Ltd Buys Bitcoin Above Market Price

Have you always felt like you could’ve squeezed a tiny bit more money out of selling your Bitcoins to an exchange? Or maybe you have participated in a LocalBitcoins trade and you notice that the price agreed upon is lower than the current Bitcoin price? But what if there was an option to get 10% extra from the market value? My Wallet  Ltd – Your Next Bitcoin Platform? The way …
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BTC-Flow : The Bitcoin Faucet Ponzi Scheme

When it comes to Bitcoin and digital currency – similar to more traditional fiat currency for that matter – one of the main concerns is the potential to get scammed by a service or person. As we have seen ever since Bitcoin’s inception, these threats are very real and can sometimes even lead to life threatening situations. Things are getting worse when so-called Bitcoin “faucets”, which give users a small …
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Bitcoin Wallet Provider Goes Corrupt. What Are the Odds?

We’ve had our share of Bitcoin thefts, so let’s take a closer look at the security aspects of owning the coin. While it is definitely possible for someone who has Bitcoins to store them in a wallet directly on their hard drive, USB memory stick, or whatever portable storage device they prefer, many of the currentcurrency owners actually choose to keep their coins online in Bitcoin wallets, such as Blockchain. This …
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