The world of cryptocurrency is growing rapidly and many new platforms and scams have also come out with increasing technology. One of which is a fake website SnapeDex, which presents itself as a crypto trading platform through a promotion on social media and also demands Bitcoin Deposits. But it is actually a scam. In this blog we will know why SnapeDex demands Bitcoin Deposits from its users and why it is a big danger.
What is SnapeDex And why does Bitcoin demand deposit?
SnapeDex has emerged as a fake crypto trading platform, which is recently being promoted on social media. The promotion of this platform is being done in such a way that it comes with “special bitcoin giving giving”, which features big celebrities such as Cristiano Ronaldo, Elon Musk, Invoice Gates, Mark Zuckerg and Drake. Through these videos, it makes false claims that these celebrities are running a bitcoin promotion with SnapeDex.
These videos try to convince users that if they will sign up on SnapeDex.com and use a promo code (eg “CR7” or “Tiktok11”), they will get bitcoin free. Those who enter this code are updated with a balance of about 0.31 BTC on their dashboard.
However, when users try to withdraw this balance, a message comes that “you need to submit 0.005 BTC first, so that you can activate the video.” The purpose of this process is to steal their bitcoin after making Bitcoin Deposits from users.
Demand for SnapeDex’s Bitcoin Deposits, how to give signs of fraud?
Demand for payment
If you are on a valid crypto exchange or platform, you never have to deposit money to activate the account. You never need to give any amount in advance to deposit digital assets like Bitcoin. If a platform asks you to do bitcoin deposit, it is a clear indication that it is a fraud site.
There is no real trading or services
The main objective of SnapeDex is to collect bitcoin from users, not to provide crypto trading or any other type of services. When you try to withdraw the bitcoin deposited on this platform, you find that it is a fake site, which once disappears with your money.
Stuck in the attraction of impossible “GiveaWays”
Most scam platforms promote such attractive “GiveaWays” so that people can sign up in maximum number and get their information. The same strategy is being adopted in SnapeDex, where people are framed through celebrity videos.
How SnapeDex gives scam to scam
Deepfake and manipulative videos: SnapeDex makes fake videos of the faces and voices of famous celebrities using fake and manipulative videos. These videos are viral on social media platforms and assure users that they can be part of a special Bitcoin GiveYs given by a celebrity.
Promo Code and Registration: When people participate in this givaave and register through promo code, they are shown the balance of detached bitcoin on their account. But when they try to withdraw it, they are asked to submit bitcoin.
Pressure to deposit bitcoin: When users deposit Bitcoin, they are asked to deposit more Bitcoin to “activate” it. This is the method of a common scam, which inspires people to send Bitcoin continuously and later the platform disappears.
What to do to avoid SnapeDex’s scam?
Never submit a bitcoin without thinking: Always be careful before depositing bitcoin on any platform. If you feel that an offer related to the platform is very good, then check its validity.
Avoid celebrity promotion: Many scam platforms cheat people by name of celebrities. There should be no influence by looking at the crypto offer supported by any celebrity.
Read the official website and review: If there is a doubt about a platform, then go to its official website and check its validity and also read the review of other users.
Conclusion
SnapeDex is a platform, which asks its users to collect Bitcoin and then cheat them and steal their bitcoin. There is a good scam behind it which is designed only to give fraud to people. Therefore, if you want to invest through cryptocurrency, always be careful and avoid platforms that ask to collect bitcoin without any clear reason. Along with this, if you want to know in detail, SnapeDex is actual or is faux So you can know by clicking on this link.
