This ZypBit review will analyze the broker’s operations, focusing on red flags and tips for recovering lost funds if scammed.
ZypBit Broker Overview
- Website: https://zypbit.com/
- Website Availability: YES
- Headquarters Country: NA
- Owned By: ZypBit
- Blacklisted by: Not recommended by the review website like Fraud Recovery Experts
- 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 describes itself as a cryptographic exchange, which provides its clients with services comprising spot trading, futures contracts, staking, and crypto loans. Security, low fees, and user-friendly interfaces are touted on the platform alongside its relevant marketing and negotiations to attract users.
User Complaints and Warning Signs
Numerous complaints by users have raised concerns regarding the legality of ZypBit. According to a Reddit user, during the withdrawal processes, he was requested to deposit more funds for verification, and afterward, problems piled up like snowflakes. Meanwhile, posts on social media label ZypBit as a scam since it blocks withdrawal requests and keeps users’ funds.
Newly Registered Domain
An investigation further revealed that ZypBit’s domain registration took place on February 22, 2025, yet another indication that this entity is relatively new. On very bad grounds, Scamadviser granted this website a low trust score, citing reasons like hidden ownership, very low traffic, and links to high-risk financial services.
Lack of Regulatory Information
ZypBit’s website insists that it complies with local regulations and has implemented KYC procedures. Still, it provides no information regarding the regulatory licenses it holds or whether it is governed by any reputable financial authorities. Such ambiguity concerning its regulatory status gives rise to even graver doubt regarding the credibility of the platform.
Keeping in view these warning signals, possible users are advised to maintain extreme caution and engage in thorough due diligence before any interaction with ZypBit. A mixture of user complaints, the newness of domain registration, low trust scores, and gray regulatory status spell out immense risks concerning this particular platform.
Avoid These Popular Online and Financial Scams
Scammers have various ways to get into the minds of people and take away money from them. Here’s the list of scams:
- WhatsApp Scams: Scammers pretend to be officials, friends, or investment consultants. Their task is to lead the victim to invest in fake schemes or attempt phishing.
- Telegram Scams: Scammers create bogus groups and pose as real businesses to promote fraudulent investments, fake giveaways, and Ponzi schemes.
- Ponzi Scams: Their promise is of high returns and low risk, which is paid by new investors to earlier ones until the scheme collapses.
- NFT Scams: Scammers create bogus NFT projects, artificially inflate the price of NFTs, or simply dupe buyers into purchasing worthless digital collectibles.
- Amazon Scams: Fake Amazon representatives trick users into leaking personal details via fake order confirmation emails, refund scams, or phishing websites.
Is ZypBit Broker Legitimate?
Using the following aspects, we try to confirm the legitimacy of ZypBit Broker:
- Regulation Status: Legitimate brokers are regulated by the SEC, FCA, or ASIC. The lack of regulatory information is a big red flag.
- User Reviews and Complaints: Complaints from dozens of investors regarding lost funds and withdrawal issues point to scamming.
- Transparency and Credibility: Lack of company data, hidden fees, and misleading terms are signs of fraud.
How to Get Funds Back from ZypBit Broker?
If you got scammed by ZypBit Broker, these steps might help you recover your funds:
- Report to Your Bank or Payment Provider: Refer to transactions made without your permission and file a chargeback request.
- Collect All Evidence: All communications, transaction receipts, and screenshots should be consolidated as proof of the scam.
- Complaint Registration with Financial Authorities: Report the scam to the regulator within your country.
- Consider Seeking Professional Help: Recovery experts can follow the money trail and launch a lawsuit against the fraudulent brokers.
About Fraud Recovery Experts
Fraud Recovery Experts offer assistance to financial fraud victims in recovering their money. Our team of specialists works alongside banks and legal authorities to trace fraudulent transactions and assist them in the process of recovery.
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New fraudulent schemes targeting traders are something we are constantly keeping an eye on across the internet. Having gathered data on scam brokers for over ten years, we hardly can think of any other untrustworthy company in the market. Information about the scammers is provided below from our List of SCAM Brokers.
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