BullCoins Review – Fraudulent Business Conduct With No Physical Form
Optimized crypto trading, exchange and investment at bullcoin.net is allegedly ensured through super secure proprietary technology housed by the service provider itself.
The broken website serves as a promotional platform for the lies and fabrications produced by the illicit, money-hungry business. The sole appearance of the site is one thing that gives away this cheap scam.
The whole scheme relies on the idea of convincing traders to deposit into leveraged trading, binary options trading and staking services. All of these are completely fake and artificial, and you can be sure that your funds are sent straight to the swindlers wallet.
We implore you to first read our impartial BullCoins review before you decide to invest into a deal that only sounds good but yields no profitable results.
|Regulated by:||Unregulated Crypto Exchange|
|Is This Company Safe?||No, this unlicensed crypto portal is not safe in any way!|
|Have Warnings from:||N/A|
|Trading Platforms:||Web trader|
|Deposit Bonus:||Not available|
|Free Demo Account:||Not available|
|How to Withdraw from This Company?||Withdrawals might be troublesome without proper legal help – contact our chargeback experts today!|
Obvious Crypto Fraud
It isn’t overly hard to determine that this suspicious website is just another one of the countless attempts of crypto defrauding. The sole look of it will have you wondering if they’re indeed legal like they claim to be. It doesn’t take a rocket scientist to see through the lies, though.
As soon as you notice the site is covering up all of the corporate information, you can see that something is terribly wrong with it. Looking into this issue, we can conclude that the scheme is run by an anonymous firm that holds no legit crypto license.
Looking through the registers of FCA, BaFin, CySEC, FINMA and CNMV, it is evident that none of the major financial authorities have any records about virtually non-existent BC Blockchain Co., Limited.
Your investments aren’t safely deposited and transfers aren’t secure, so do not invest here under any circumstances. We recommend the same with FxActive Broker, that is licensed by no financial authority at all.
Not As Old As They Claim To Be
While examining the WhoIs register, we found out that the site was launched in 2022, and not in 2015 as the company claims. Firms disseminate these sorts of lies in order to appear as though they have a long running business.
Our web traffic tool determined that the majority of bullcoins.net victims live in these nations:
- United States
- United Kingdom
The exchange is completely anonymous on the web, and doesn’t have many visitors. In order for the fraud to work, of course, somebody has to make the first move.
With BullCoins, just like with Beurax, the brunt of the work is done by boiler room agents. They use lies, deception and even petty threats and extortion to get their victim’s cash flowing.
Most of the time, these transactions are one-way only, and withdrawals are not possible from the platform. To recover the money, you need help from a professional – so hit us up via the live chat if you require assistance.
Leverage Ramped Up To Extreme
What really attracted our attention is that the exchange offers leveraged trading of various crypto derivatives. The leverage is 1:100, which is 20 times higher than the legal maximum of 1:5 in North America. In Europe, the leverage cap for cryptocurrencies is even lower, 1:2.
You won’t find the usual Maker and Taker fees with this firm, like you would expect from a regulated exchange. There is no set cost for deposit or withdrawal fees either. The commission that exists in the User Agreement is a misnomer, and does not relate to actual trading commission.
Defunct Trading Tools And Features
Nothing screams thievery like the bogus software used on unscrupulous online trading websites. Paired with little to no information about accounts, features, and unavailable demo accounts, you get a clear idea who you’re dealing with. Let’s take a look at each of these features.
Heavily Manipulated Web Trader
Most commonly used software among the swindlers nowadays are the simplistic web traders. Usually built on TradingView or completely fictitious charting, these platforms are extremely easy to control.
Cyber criminals looking to extort as much money as possible advertise software like BullCoins platform as user-friendly and comprehensive.
In reality, it remains unresponsive until you deposit cash, and even then it only accepts the buy and sell orders.
Several Crypto Assets Available
Reputable exchange portals will offer hundreds, if not thousands of diverse crypto coins for trading, staking, mining and investing. This sham holds onto only several crypto assets available for trading against USDT and BTC:
- BTC/USDT, ETH/USDT, EOS/USDT, VAT/USDT
- ETH/BTC, EOS/BTC, BCH/BTC
The website does not advertise any selection of different trading accounts. We were prevented from creating a BullCoins login, because we lack the illusive invitation code. This is provided only by the company agents, or through the alleged client referral program.
There is no demo either, which would allow investors to test a trading environment prior to depositing assets.
Problematic Mobile App
The mobile trading app is allegedly available for download directly from the website itself. A QR code is provided, with no links for Google Play or App Store.
We strongly advise against downloading software that is not approved by either of these two sharing platforms. Oftentimes, it contains keyloggers or other types of malware.
It should be clear by now that this pack of thieves only allows crypto transfers on their website. What is even worse is that you can only withdraw your initial investment and any of the profit acquired in BullCoin. This proprietary coin is basically a worthless token you end up with. On top of that, the fees do occur, as stated in the legal docs, but their amounts aren’t disclosed, which is yet another reason for worry.
Useless Customer Support
You can’t rely on any help from the BullCoins customer support. While the website does include a live chat, nobody will ever answer your messages. There are no other support methods that we know of outside of the client area.
Dealing With Frauds
As impossible as it may seem at first, your funds are still recoverable. As long as you act quick and get proper legal help, you can restore control over your stolen investment. We have assembled a team of legal experts who can help you issue a chargeback or get legal support in a dispute.
Please feel free to contact our support service at any time via the online chat option. You can book your free consultation and start working on getting back what is rightfully yours!
What Is BullCoins?
BullCoins is an illicit cryptocurrency exchange which doesn’t comply with any regulatory standard, or have a trading license.
Is BullCoins Legit Or Scam?
No, BullCoins is an unlicensed exchange with anonymous owners. The company doesn’t have any license, and does not submit to regulatory oversight.
How Does BullCoins Work?
BullCoins seemingly offers various cryptocurrency related services as a facade for fraudulent activities. If you need help recovering funds from this scam platform, get in touch with our chargeback experts.