Warning: Is By-coins a Scam?

Is By-coins (by-coins.com) a Scam?

Our experts strongly advise you to avoid By-coins (by-coins.com).

By-coins presents itself as a investment platform, but it appears currently unregulated by any major commission.

Victim of By-coins?

If you believe you have been tricked by By-coins, do not wait. Fill out the form below to speak with our recovery team for a no-obligation case evaluation.

Regulatory Check: By-coins

The most alarming issue is that By-coins (by-coins.com) is unauthorized to operate.

Investing with unregulated firms is highly unsafe. Real firms are always authorized with agencies like the FINRA or FCA for your protection.

By-coins operates without this protection. This means there is no legal recourse if they withhold your money. Many investment fraud use unregulated actors, and recovering funds from them is challenging without expert help.

For example, in Europe, unlicensed firms are not covered by the compensation schemes. In America, they are not members of SIPC, so your money is completely exposed.

Warning Signs of By-coins

Investment fraud is evolving. Criminals use social engineering to steal wealth. Below are common tactics used by brokers like By-coins (by-coins.com).

Dating App Scams

"Pig Butchering" is a cruel tactic where scammers build trust over weeks. They build a romance online. Once trust is built, they mention a "lucrative" crypto opportunity. It's a trap to get you onto a fake platform .

Rigged Platforms

Scammers build websites that look exactly like real trading apps. They have charts and profits that increase. But it is a game. The scammer controls the prices to convince you so you invest more. When you try to withdraw, the "profits" disappear.

Other Warning Signs

• Unsolicited Contact: You get calls from "brokers" you don't know.
• No License: The firm lacks legal registration.
• High Returns: They promise huge profits or risk-free trades.
• Withdrawal Issues: They refuse withdrawals. They demand "tax fees" before releasing funds.
• Pressure Tactics: "Account managers" pressure you to deposit more.

Do not trust positive ratings. Fraudulent brokers often post their own 5-star comments to look legitimate.

Final Thoughts

We do not recommend By-coins. It appears to be a scam. Protect your money and find a regulated broker. Avoid by-coins.com at all costs.