This Prexoin review exposes Prexoin.com as one of the scams targeting individuals interested in cryptocurrency and digital asset investments, trading, and exchange.
These kinds of platforms might make you a victim of scams like fake initial coin offerings (ICOs), worthless cryptocurrency investments, pump and dump schemes, false promises of high returns on investments, pyramid schemes, phishing attempts, identity theft, and more. In the end, you'll likely lose your money by involving in these kinds of platforms.
You should be very careful while dealing with platforms like Prexoin. So, whenever you encounter with similar kinds of platforms, always verify the legitimacy of the platform before you invest.
How do scams like Prexoin.com trick people?
These platforms say they can help you make money by investing and trading cryptocurrencies. Some even offer market insights, training, portfolio monitoring, and more to deceive their clients.
They attract clients by promising good returns on their investment. While they may pay some members initially, their entire system will eventually collapse because they operate like Ponzi and Pyramid schemes. That's why they also offer incentives to new members through their referral program.
Many of these platforms have different rules to make it hard for clients to withdraw their money. For instance, some require you to deposit a certain amount first before being able to withdraw money.
Platforms like these never offer a money-back guarantee, indicating the risk of investing in them.
Moreover, many similar platforms have scammed members in the past by blocking their accounts.
That’s why it’s always better to check for a regulated and licensed entity on financial authorities' website like SEC before investing in such platforms.
Questions Related to this Prexoin review:
Now that you're aware Prexoin is a scam, you might wonder how to recover money from such scams, spot similar scams, and avoid falling for them, right? Well, we'll give you the answers below.
How can you get your money back from platforms like Prexoin?
Getting a refund from these scams is almost impossible. So, it's best not to put your money in these platforms in the first place—prevention is better than cure. But if you're already involved, here are some things you can try to protect yourself from further scams:
Keep track of all your transactions:
Make sure to document everything. Take screenshots of your Prexoin account, transactions, payment methods used, messages, chats, conversations with the platform, and so on. It's even better to print them out if you need to consult a legal adviser, especially if you've lost a significant amount of money.
Take legal advice for a potential refund:
If you've lost a lot of money, talking to a lawyer could help, but it might cost you more. If possible, find others who've lost money too and consider a class action lawsuit with the guidance of a Legal Adviser. Keep in mind that getting a refund from these scams is tough.
Report Scams:
You should report these kinds of scams to the relevant authorities, such as your country's consumer protection agency, BBB, FBI, FTC, etc.
You can also report other similar kinds of scams or suspicious activities, and share your reviews in our "Report A Scam" section. After moderating for spam, we'll publish them in our "Reported Scams And Complaints" category which can save others from those scams.
Change password:
To be on the safe side, it's a good idea to change the passwords for all the payment methods you used with these scams.
Warn other about this scam:
Letting others know about these fake platforms can help people be aware of them. So, let your friends and family know about this scam by sharing this Prexoin review on your social media.
Where can you spot these kinds of scams?
Our research findings suggest that you may spot scams like Prexoin in the following places:
- Online Searches: When you search online for crypto or digital assets investments and trading platforms, watch out for scam websites that might appear in the search results.
- Emails and Text Messages: Scammers might send messages with links to fake websites. They may even pretend to be from famous companies or celebrities to trick people.
- Social Media: Watch out for scams like Prexoin on TikTok, Facebook, and more. Some posts or videos may claim famous people endorse them, but if you look closely, those videos are fake—made by AI or edited clips.
- Phishing Websites: Scammers create phishing websites that mimic real websites, sharing them through email, text messages, or social media messages.
- Mobile Apps: Scammers sometimes put fake apps on App Store or Google Play Store. They seem real, but they're trying to steal your money and personal info.
- Online Ads: Scammers can promote these kinds of scams using banner ads on websites or mobile apps. So, when you click on these ads, you might end up on fake platforms.
- Pop-Up Ads: Be careful with pop-up ads that show up while you're browsing websites. Some of them might take you to these kinds of scams or other harmful websites.
- Online Forums and Chat Rooms: Scammers may promote these kinds of scams in online forums and chats. So, users should stay doubtful.
How to check and avoid scams like Prexoin?
To protect yourself from scams like Prexoin, follow these steps:
Platform’s Quality:
- Check if the platforms like Prexoin has provided a valid physical address, phone number, and email address.
- Also, be wary of websites and apps with spelling and grammar errors, misspelled domain names, or that mimic well-known companies or celebrities.
- Moreover, beware of websites that don't have a privacy policy or terms and conditions.
- And, look for “https://” in the website’s URL.
Reviews:
- Look for customer reviews and ratings.
- Pay special attention to negative reviews.
Watch out for Celebrity Promotions:
- Be cautious when these platforms claim celebrities endorse them. They often use fake images or videos made by AI or edit clips of celebrities talking about something unrelated.
- Remember, real celebrities won't promote such platforms.
Deals that Seem Too Good To Be True:
- Be cautious of platforms offering unrealistically high rate of return.
- So, to get an idea of the real cryptocurrency trading and investment platforms, compare the profit that you can make on those genuine platforms.
Pressure of Limited Time Offers:
- These kinds of scams often use time pressure to push people. Avoid falling for limited-time offers, or at least research before making any decisions.
Trust Seal Logos:
- Genuine websites often display real trust seals from reputable companies like McAfee, Norton, or BBB. But, scam sites display the fake ones.
- So, to check such trust seals, click them, as real ones lead to official verification pages. But, fake ones either cannot be clicked or lead to random pages.
Payment Method:
- Be cautious if a website only accepts unsafe payment methods, like gift cards, wire transfers, and so on, instead of safe payment methods like credit cards and so on.
Be Cautious of Deposit Requirements:
- These kinds of scams mostly trick their users by promising them to give some amount of money to use on their platform. However, you won't be able to withdraw that amount without investing first.
- So, if you find any platform that ask you to deposit money first in order to withdraw, you better avoid that.
Too Much Personal Info:
- Be cautious when platforms ask for too much personal info. Since, scammers may misuse your info for identity theft.
Unknown Emails and Ads:
- Do not click on links in unknown emails or ads.
Check for Regulated and Licensed Entity:
- You can check the platform's regulation and license status on financial authorities' websites like SEC and so on to ensure if they are genuine or not.
Conclusion:
Considering the issues mentioned in this Prexoin review, Prexoin.com appears to be a scam, so we don't recommend this platform.
However, we know people's opinion can differ, so please share your Prexoin review in the comments below. Since, this can help others to know more about this platform. So, let's work together to make the internet safer.
Answers of FAQs
When was the domain "Prexoin.com" created?
As per WHOIS, domain "Prexoin.com" was created on 2023-09-01.
Is Prexoin.com safe to use?
Since there are multiple similar kinds of scams, so as per our Prexoin review, it is not safe to use.
What should I do if I've already invested in Prexoin?
Document all your transactions, seek legal advice, change passwords, and warn others about the scam. However, getting a refund is challenging.
How do I avoid these kinds of scams in the future?
As mentioned earlier in this Prexoin review, to avoid these kinds of scams, be cautious of too good to be true deals — high rate of return claims, celebrity endorsements, pressure tactics, and platforms requiring deposits to withdraw. Always check if a platform is regulated and licensed.
Note: This Prexoin review is based on the details that we have found on its platform at the time of this review. If you find any changes in the future, you can update us using the comment section below. And, we will update our Prexoin review accordingly.
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