ZypBit Review – Is ZypBit a Scam Broker?
- Website: https://zypbit.com/
- Website Availability: Yes
- Address: NA
- Warning: Not Recommended By Proupshot
- Website Domain Age:
- Name ZYPBIT.COM
- Registry Domain ID 2961533784_DOMAIN_COM-VRSN
- Registered On 2025-02-22T16:51:05Z
- Expires On 2026-02-22T16:51:05Z
- Updated On 2025-02-22T16:51:05Z
ZypBit Warning Signs That Shouldn’t Be Ignored
Founded in 2022, ZypBit operates from Europe as a cryptocurrency exchange and claims transparency and security are its highest principles. However, recent opinions suggest otherwise and raise concerns about its legitimacy. This ZypBit review will weigh the credibility of the platform and highlight issues that investors need to be wary of.
Red Flags Surrounding ZypBit
1. WHOIS Registration Mismatch
ZypBit says that it was founded in 2022, but the WHOIS data has the site registered on February 22, 2025. That in itself raises red flags concerning the authenticity and credibility of the platform.
2. Extremely Low Trust Score
According to some sources, ZypBit has a trust score of just 1 out of 100, as it shows very unreliable information about the mentioned issues. At such a low score, expect scenarios prone to fraud.
3. Withdrawal Issues and Suspicious Activities
Many users have shared their experience of having trouble withdrawing funds from ZypBit. One review describes a rather disturbing situation:
- A user attempted to withdraw some funds and was asked to undertake an AML (Anti-Money Laundering) verification process.
- The user was then instructed to make a deposit of 100 USDT for verification.
- After completing the deposit, they got a message stating that it was an insufficient amount, even after they deposited the exact amount that was required.
- The user could access the wallet, but he could not withdraw the funds.
This trend of holding back funds from users raises many red flags regarding whether there are some unethical practices at work here.
ZypBit’s Promises vs. Reality
ZypBit advertises:
- 150+ assets
- 200+ trading pairs
- 3+ national currencies
- $10 million in 24-hour trading volume
However, due to the constant issues around withdrawals, the credibility of such claims is questionable. Maintaining transparency and security should take precedence; instead, users are left in the dark once they inject their funds.
Why You Should Be Cautious?
We have been tracking fraudulent brokers and shady investment schemes for many years. We continuously keep our eyes on different schemes in the market that may be targeting the traders. After many years of research and countless real-life cases, we now know how these scams operate and how they trick innocent people.
Big promises, unreasonably high returns, and withdrawal issues – these are classic investor-trapping techniques.
If looking to trade with ZypBit, be cautious. Thorough research and intelligence observation are necessary so that an individual does not fall prey to any deceitful practices or tricks.
Beware of Trending Financial Scams
Scammers keep on establishing new skills to exploit innocent people. Some of the most common scams include:
- Investor Impersonation Scams: Fake investment firms promise high returns for a short time; then, they vanish with all deposits.
- Romantic Scams: Fraudsters pretend to create online relationships just to gain the financial trust of the victims before they manipulate them.
- Gift Card Scams: The criminals insist that the payments should be done by gift Card, hence creating irreversible transactions.
- Bank Account Fraud: Unauthorized access and identity theft are at play for the cause of drained bank accounts.
- Phishing Fraud: Emails and messages trick people into sharing private information.
- Cryptocurrency scams: Fake exchanges and Ponzi schemes trick traders into losing money.
- Forex scams: Unlicensed brokers manipulate trades and withhold withdrawals.
- Ransomware: Scammers demand ransom to release the data they have locked up.
When doing financial transactions online, always be observant and handle it cautiously. Meanwhile, verify the legitimacy of a particular broker.
How to Recover Lost Funds?
Losing funds on the ZypBit or a similar platform? Don’t be disappointed. We specialize in tracing scam brokers and helping those affected take proper measures for fund recovery. We provide professional advice in chargebacks, litigation, and reporting scams with the relevant authorities.
Contact Us for a free consultation regarding the recovery of your funds.
About Proupshot
Proupshot.co is dedicated to revealing every fraudulent broker and delivering accurate information to a trader. We aim to protect investors from scams or fraud in finance and also help victims in recovering their lost funds.
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Also, read Billion FX Review
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