Warning: Is Sanbitc a Scam?

Investigation: Sanbitc (sanbitc.com)

Be careful of Sanbitc (sanbitc.com); it displays several signs of a fraudulent scheme.

Sanbitc presents itself as a investment firm, but it is illegal by any major authority, like the ASIC or CySEC.

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Safety Analysis: Sanbitc

Sanbitc runs without regulation.

Trading with unlicensed entities is very unsafe. Legitimate firms are must be registered with bodies like the SEC, ASIC, or FCA for your protection.

Sanbitc operates without this protection. This means there is no safety net if they steal your funds. Most investment fraud use unregulated actors, and recovering money from them is difficult without professional assistance.

For example, in the UK, unauthorized firms are outside the jurisdiction of the compensation schemes. In the US, they are not part of regulatory bodies, so your money is at risk.

How They Steal Money

Online trading fraud is getting smarter. Fraudsters use social engineering to take your savings. Below are common tactics seen in sites similar to Sanbitc (sanbitc.com).

Dating App Scams

"Pig Butchering" is a brutal tactic where scammers groom victims over months. They fake a relationship online. Eventually, they mention a secret investment. It's a trap to get you onto a scam site like Sanbitc.

The "Bonus" Trap

Scammers build websites that mimic real trading apps. You see graphs and balances that increase. But it is a simulation. The broker controls the numbers to convince you so you invest more. When you try to withdraw, the "profits" disappear.

Other Warning Signs

• Cold Calling: They call you from "brokers" out of the blue.
• Unregulated: The firm lacks authorization.
• High Returns: They promise 1% daily returns or risk-free trades.
• Withdrawal Issues: They refuse withdrawals. They ask for "tax fees" before releasing funds.
• Aggressive Sales: Agents push you to deposit more.

Do not trust fake reviews. Scammers often post their own 5-star comments to look legitimate.

Verdict

Our verdict is to block Sanbitc. It appears to be a fraud. Save your funds and find a regulated broker. Avoid sanbitc.com at all costs.