KaratBit Reviews
718 SCAM REPORTS
LAST REPORT: 13/07/2021
Is it scam?
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About
KaratBit is an online crypto exchange platform. It is owned by Karatbars International GmbH and has a listed address of Vaihinger Strable 149A, Stuttgart, Germany. The platform consists of vital elements such as cryptocurrency trade, an e-wallet, and a native token. An individual can buy, sell, deposit, trade, exchange, and withdraw crypto, and also participate in trading promotions. The company uses its very own crypto KBC token.
Is KaratBit Regulated?
Karatbit is an unregulated platform, which indulges in financial services without proper validation. It fails to provide any credible information about the workings of the company. The company’s official domain is www.karatbit.com.
Is It Safe To Invest With KaratBit?
Karatbit is an unlicensed company and might abuse the rules and regulations. It lures innocent traders promising lucrative return on investments and thus extort money from them. The company lacks both transparency and accountability. Therefore, we advise you not to associate with this entity for any sort of investment.
What If KaratBit Scams You?
Karatbit has loads of negative reviews. The Ontario Securities Commission (OSC) of Canada, BaFin of Germany, and FSCA of South Africa have issued a public warning against this broker. Unfortunately, if you have been victimized by KaratBit scams, approach us. Our team of professionals will help you to retrieve your sum.
I have been trying to withdraw but the amount of money I invested, I am unable to withdraw I can’t see my investment and I can’t get hold of customer service I have been sending them numerous of emails with no response. I was schocked when I contacted funds-recovery.com and when they explained that it is the most common pattern of scammers behaviour!! They saved my life at the last moment!
they took my froze my etherium for over a year and didnt wont to verify my kyc and no way of taking out or transferring my Etherium….but thanks to funds-recovery.com I recovered all !
My fiance cousin did our whole karatbars portfolio all I had to do was
deposit what I was going to invest which was R25000 in 2018 we both
worked so we never traded asi believed I am investing however my
fiance cousin sold his whole portfolio and didn’t give me any
information to what’s happing. In 2020 I I was told to move my
karatbars to karatbit which I did, it’s been months that the site is
in reconstruction and you can’t do any. I have been trying to withdraw
but the amount of money I invested is way way less, I am unable to
withdraw I can’t see my investment and I can’t get hold of customer
service I have been sending them numerous of emails with no response.
It was a bad decision trading with Investments platform. I believed their lies and invested all of my savings into this scam company, i invested $80,000 and I grew my money to $175,800 profit which i already tried to withdraw twice but they did not allow me stating my account is new and i could not withdraw, silly lies. They later stopped replying my emails when they found out i already knew they are a scam company. I was so down and went online in search of how i could recover my money then i read an article of a victim sharing a testimony of how a company helped him recover his money, i hired the company as well and they did not disappoint me. Hats off to these professionals. You can contact them via his email address or by filling out the form on their website: funds-recovery.com for victims who might be needing their help also.
I transferred some of my bitcoin out of another wallet that I have under a different company. I have been trying to withdraw my Bitcoin for the last 2 years. At first my withdrawal amount exceeded my KYC, which was not true. Then it changed to all transactions being blocked due to taking stock of their assets, and it’s been that way since. I’ve tried emailing but to no avail. Up to today my BTC sits there.
they took my froze my etherium for over a year and didnt wont to
verify my kyc and no way of taking out or transferring my
Etherium….but thanks to funds-recovery.com I recovered all !
I have been trying to withdraw but the amount of money I invested, I
am unable to withdraw I can’t see my investment and I can’t get hold
of customer service I have been sending them numerous of emails with
no response. I was schocked when I contacted funds-recovery.com and
when they explained that it is the most common pattern of scammers
behaviour!! They saved my life at the last moment!