Post
Topic
Board Beginners & Help
Re: Please help verify if this a fake crypto exchange website
by
Faisal2202
on 04/12/2023, 15:23:18 UTC
Hello, I am trying to figure out if this website mercadobitcoinaps.com is real or not. It was recommended by a friend of my uncle whom neither of us have met. My uncle has been using this site for crypto futures and recently had his account frozen. The site is requesting that he pay a fine in order to release his funds. Is this a scam? I believe it is a scam because it also has 2 domains that take you to the same site. Was his money lost once he transferred it over to that site or is there anything that can be done.
Never heard of this exchange before, anyway this platform is fake because they are asking you to pay some fine, or money in any type, although we do have to pay the withdrawals fee but it is deducted in the native token, or the token you are going to withdraw. So, if your uncle funds are in Matic or BTC form, so when he will be withdrawing, the fee will be deducted from the same type of token.

I will suggest you to avoid that exchange because the domain name also looks fishy, but I know when platforms are suggested by your near ones, then you don't think for another second, especially those who are newbie in crypto space.

Even if your brother is asking you to use a exchange, you have to be skeptical about it, and should check the exchange by yourself.