Just like the title says, I was back testing some regular trading sites today. And I saw a pretty interesting one which caught my attention. They had claimed to give free 0.043 BTC upon registering as a welcome gift. I was thrilled and wanted to see for my self. I followed through their sign up process, using some random emails I just maneuver,and it registered me without any verification. So yes, it was true. I saw the 0.0043 BTC welcome bonus. And wanted to try if it were withdraw able. I already knew the only out come of this, which was obvious from the very beginning. I clicked on withdraw and added an address I don't use. And then I burst out of laughter to see that they had requested a deposit of 0.025 BTC before I would be able to withdraw the bonus.
This is an old trick that has existed for such a long time and shouldn’t even work on dumb folks but no, it would surprise you that some people still do fall for this kind of tricks, mainly motivated by greed, greed pushes them until you make the mistake of believing that there could be any good come out of this.
One thing people fail to check is the pilot study on most of these websites. There you would find victims and other users to have experienced such schemes come out to do reviews on the site. You would often find these sites with lots of negative reviews or no reviews at all given that, it’s relatively new as the case often is.
The good of not having to deposit often pays off. Should you invest, you would be tempted to go all the way over a fork that was just loaded on site and nothing more.