Bitcoin Forum

hi guys what do u think about swapzilla exchange
https://www.swapzilla.co
 they said you will get 0.1 BTC for trading in the
exhcange and you can withdraw any profit when the exchange start but you need to process KYC verification
and you will also you will get paid for any referral who make KYC and you can even hit 1 BTC but you can't
withdraw it you can just withdraw the profits you get from trading with your 1 BTC

Maybe one of the scam hunters will check the team in more detail, but at first this is a group of Russians/Ukrainians led by Roman Prokopev whose company is located in Hong Kong. I looked at the list of blacklisted countries and in addition to the already well-known forbidden countries, the list contains complete USA, Bosnia and Herzegovina, Serbia, Croatia...

As for the promises they make, understand it only as promises and nothing more - who else gives 0.10 BTC just like that to anyone who registers? I personally would avoid any interaction with this service, but it is a matter for each individual - it does not seem to me that anything good will come out of all this.

Maybe the OP can start here: SwapZilla - 1 BTC Give away. (https://bitcointalk.org/index.php?topic=5249104.0)

Scam no one will give good money and that exchange for me is not good also. It only being made for scamming users by probably paying first a small fee as a service to get the 0.1 BTC. If we consider that amount in dollars that is equivalent to 1,170 USD. Great amount to give for everyone? I bet there will be desperate users that could fall this simple and old school scam or trap.

I guess we should help all the users here to get aware of all things that are being offer especially great or good offers. It is just a bait for you to gey scam. Most likelt they target newbies and they also use newbie account posting somewhere including this section where known to be mostly the first stop of all newbie users.

We can't really sure it's 100% scam or legit, since the trading will start on November 2020.

https://i.ibb.co/BfjvzT6/Screenshot-93.png (https://imgbb.com/)

But this shady exchange can't be trusted since they have using bumping service on this forum [1] and offering huge reward only by referral link with completing user KYC. This seems like they only want to collect a lot of KYC... and we can't know what he will do after he collect it. Its better to stay away and join a low payed legit referral campaign.

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[1] https://bitcointalk.org/index.php?action=trust;u=2645576

lol they said in july the trade will start and now in november

They haven’t revealed the fine print on how the 0,1 BTC Bonus is going to be used. Likely, it won’t be open to trading all pairs on the platform, and may be delimited to playing around with their SWLZ token or such, which would restrict the gaming board a fair share. Their referral program, which allows you to expand the bonus "all the way up to 1 BTC", requires you to purchase certain amounts of SWLZ (plus plenty of referrals). The catch probably has to do a lot with their token.

to be honest this seems more similar to an ICO scam rather than a legitimate exchange where people go to trade. if there were no KYC requirement then things wouldn't have been that bad, you could easily go there, get the free money (even if it couldn't be withdrawn) and try their platform. but with all the addendums starting with KYC and buying their token,... i personally wouldn't go near them.

Upon reviewing a little bit I found out that you can't withdraw that 0.1 Bitcoin but you can use it for trading any profits that you earn from that 0.1 btc capital are the amount that you can withdraw this is based on the info I have read I haven't and will never try this exchange. Doing KYC in a new with no reputation exchange like this is a disaster. Even well-known exchange like binance some people are hesitant because your personal information is very important. If they are after in your KYC information they can sell it so be careful.

That's is mostly the tricks used by scammy exchange to lure people using their crypto exchange platform. Herr is it, kyc would be completed and everything gone be normal but the actual 0.1btc wouldn't be withdrawable. Either scam exchange or not, swapzilla exchange is a new one that can't be trusted for any reason, in as much as you are not using your real money in trading then its probably you could give it a try.
Another fact is the case of trading with the free btc, the gain might not be given but if asked to pay a certain amount to access your gain, then its 100% scam exchange.

It could be true that they are giving 0.1 BTC only for trading. But though it only uses for trading/not withdrawable, it's a high amount and suspicious to me. I am pretty sure they will change the giveaway rules in the future so that people feel too hard to do. And I am not sure how hard the terms and conditions behind this right now. It's actually a marketing strategy, most of the bounty hunters first thought is this is real money and withdrawable to the wallet, and do the bounty task, pass KYC. After few days they can understand it was actually false and a way of stealing personal information.

This is too suspicious they are giving a huge amount of money but before you can withdraw and transfer your funds you will need to submit a KYC? I think it is not fair.

Personal information > a small amount of money which is not sure if legit? It's better to ignore this platform. Personal information is one of the most things you should keep it secret.


I previously checked the thread created and also those platform has a levels everytime you make an accomplish task there is a chance that you will reach the 1 BTC and as a newbie or any people who wants to get a huge amount of that and becomes greedy they will grab this kind if scams.

Again be careful.

I agree to that. Better to make a proper awareness about this exchange.

.1btc is not a small amount if millions of people will go signing up and process KYC, where in the hell did this owner will get that
huge amount of money, it's better to leave it away and move forward than be sorry if you find yourself being victimized by the
team, you never know what will happen to your personal information after this people have it.

Why this exchange is too curious about KYC? It's quite suspicious to me that they are offering referral commissions for submitting KYC. If a single user gains 1 BTC by complete everything including own KYC & referral KYC then he/she will get up to 1 BTC. Just imagine 100K users hit 1 BTC, so there will be 100K BTC as well. If they trade each other then somehow the exchanges will have to withdraw 100K BTC. Because if you lose on the trading the funds will go to other traders, so according to the exchange gainer could withdraw funds. That's how the exchange has to give withdrawal 100K BTC which is more suspicious to me.

I don't want to judge or damage their reputation, but use your common sense before making any deposits this exchange. If they never give your withdrawal from earning then you will just waste your time. But if they never give withdrawal after making a deposit then you will lose your valuable assets.

Good advice. So many people let common sense fly out the window when easy money gets promised to them.

Too good to be true dude.
No one will ever give up to 1BTC to anyone, unless we are back years ago, where btc is cheap.
Surely they are just using that "0.1 BTC up to 1BTC" thing as bait to lure you on passing personal information. Be mindful that if they had your details, they can use it in illegal activities, I am sure you do not want to get some criminal records. So be careful.

You do not even know if it is legit. And it really looks like a total scam.
Do not give them any sensitive information of yours.
Anonymity and security must come first.

Scam! Any site offering such a huge money for no reason is a huge scam. Stay away from scams, there's nothing called free lunch. If a site offers even free $10 just for registration, it is probably a scam then how can a site offering $1000 just for registration is true?! Never believe in such!

LOL 0.1 btc! They are celebrating the drama anew. Their project is very suspicious from the beginning and this time they are trying to scam. I do not believe in any exchange account that will be distributed as #$5 bonus and they have announced that they will pay 0.1 BTC ;D. It is very important for newcomers to be careful because many will want to get rich in greed and will accept all these scam offers.

You mean you can only use that bonus to trade and you can only widraw balance for profit using the bonus amount for registering.

For me that's good idea for new kind  promotion if they can remove the mandatory KYC it will be good for me to try it. But they will be abuse if they don't ask for it.  Is there any one already widraw balance they win for trade in that exchange ? That's the first thing you need to know before following that exchange and make a KYC .

Scam. Be careful proceeding on that exchange. Bitcoin currently has a value of about 11,000 to 12,000 USD, how do you think somebody will just giveaways that incredible amount of money?