Bitcoin Forum

Mate may I hear your voice if Binomo is scam or not?
For me they look like Binance especially for their personal Verification. But I want to hear your opinion about this.

According to my reasoning, Binomo can also be said to be a liaison medium between financial asset providers and buyers.
Binomo offers services with a binary options trading scheme, which is a binary trading scheme that can be regarded as gambling in the financial market.
It's a shame that Binomo is on the list of fraudulent investments

binomo is a fairly large binary trading market, although I do not call it a scam, but the reality is that many people are bankrupt by playing with them, at least there is no clear BO here, some also make trades like this is gambling, and this is a system, where anyone can cheat here.

Binomo is a “binary options” trading platform. Binomo is not an investment, it's more like gambling. Currently, difficult to confirm Binomo is a scam, But I can confirm that Binomo and supporters (make money through affiliate marketing) with Binomo is advertising excessively about this form of make money.

Never heard its name before so don't know much. If we see reviews about this website then I don't think it is worth to use because many people are complaining they are not able to withdraw their money.
https://i.ibb.co/f2HzpzS/Screenshot-20210717-092807.jpghttps://i.ibb.co/QMJCBn7/Screenshot-20210717-093405.jpg

Source: https://www.trustpilot.com/review/binomo.com

We can't easily said that binomo is a scammed flatform, as we can see obviously that this trading flatform is more in gambling movement. Maybe this trading site is partner with binance, most if there function relay on binance also so we just observe before putting funds we have no control of everything especially this kind of gambling trading site.

I would like to call this place a gambling place rather than a place to trade. Binomo was fully controlled by its broker and the users were only against the broker that was controlling the platform.
These platforms were always fooling their users since all of the crypto pairs that already traded on binomo were fakes and i would like to call this platform a scam platform dude.
Yes, it is binomo is a scam . You should never try to deal with this thing.

There is a famous quote in investing and that is
"A project can't be called a scam until they will be".

Some might say that this will be scam and there will be some who will say that it isn't. TBH, Binomo is getting some traction online for some reasons but for me I will not touch this project. For those supporters of this project, good luck and I hope that you will not be disappointed when the worst scenario happen :).

For us to know that binomo is a scam or not, there are some steps that we must learn?
There are several factors that I am studying about scams at binomo.

1. Unregulated Exchange
2. Phishing
3. Brokers
4. Fake wallet

After I learned that Binomo did not do or adopt the four points, it means that I can confirm that Binomo is not a scam, this does not represent people's estimates, but according to my analysis and maybe we need to discuss further so that this question can be explained perfectly.

really agree with binomo is gambling. I've tried it but what happened is I lost all my money there. they don't give us a chance to analyze the price, loss or profit is completely based on our luck.

I see Binomo is not an investment but more of a gamble, because Binomo is a trading platform with Binary options, maybe because advertising about Binomo is too exaggerated causing many people to be interested in trying it without knowing clearly what Binomo is, and having too high expectations to get a big profit so when they experience a loss call it a scam.

Binomo is not a scam, but Binomo is not a crypto platform. Binomo is a Binary trading platform.

I suggest you not assume one project is related to the other because of the UI, at least find other sources to verify it. It's quite easy to 'copy' a UI, or clone it completely. That being said, I used Binomo in the past. It works fine, but as others have mentioned, there's a really high risk of losing your money since they're doing options trading. It's a high-risk high-return method to get money for now, but who knows when they'll start scamming you. I won't trust them with a large amount of money.

I don't see that Binomo is a scam, in fact I agree with your view that Binomo looks like Binance, when we try to find information outside there is no reason that Binomo is a scam.

In fact, many people predict that Binomo will have good value in the future, after I followed the number of posts or news related to Binomo, many people are optimistic about Binomo.

I haven't found this Binomo scam anywhere and hopefully what we discuss is true, many people have hope, in the future Binomo will be the right choice to invest both long term and short term.

Previously I heard that someone from EUROPE could not withdraw their money with a nominal value of $100000 from BINOMO but I don't know for sure because there is no valid information about it. But in fact until now there are still many people using BINOMO so I can't give scam comment yet

What the hell you talking about? :D

Those 4 points is a list of scam or trustworthy criteria? And what do you mean Binomo is have or didn't have the 4 points above? What I can see you only talking non sense.

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Binomo is not scam, but it's not a normal trading like an exchanges (e.g. Binance) it's a gambling games which is depends on your luck.

I don't know much about binomo but a little I have heard from a friend was a sad but critically looking how she got scam may be as result of ignorance. She told me that an agent claimed to be a worker for binomo company and out trust, she sent him fiat directly and upon receiving it, he blocked her immediately.
Again, check binomo reviews, they are poor compare to other crypto companies who offer the same service.
If you are looking on anything crypto related, why not used Binance direct and save your self the stress of scam or not.

Actually this is not based on the luck of the player, you will still play with binomo and not with other people all the time without transparency. Bookies can easily manipulate the direction of the ticker to set the players' wins. At the beginning of the game, you may experience a few wins, and when you start to get greedy, then Binomo will continue to win until your money runs out.

This game is more dangerous than p2p gambling, because Binomo is more centralized.

I often see binomo ads on youtube and ads on blogger but have never used that platform, I concluded from this thread something went wrong on the binomo platform and my friend tried the demo account version always got profit but the fact is very bad.

I have never used Binomo and will never compare it to the Binance exchange because the Binance exchange is different from the others and will never be the same forever, so if you ask about Binomo it is a scam, my answer is probably Yes.

True, that's why Binomo is not discussed much here because Binomo is not part of cryptocurrency, but just an ordinary trading platform so that cryptocurrency lovers don't use it because in crypto there are already many exchanges that are more popular than Binomo.

this is my personal opinion, binomo is a scam.  I say this because before getting to know crypto I first played binomo. play binomo is like playing gambling. you better never play it because you will never win, your money will always be sucked by them.

I have seen many advertising Binomo on social medias like Youtube, facebook and instagram. Might be a trusted one. But my question is, why should you go for Binomo when you have number of good exchanges. You are investing your money so always choose the best exchange that has large trading volume and which secures your funds safely.  

Hopefully we don't expect them to be a scam, indeed for a personal verification it should look like Binance, so far I haven't found them a scam, this is absolutely my personal opinion.

When a coin that has been refined and built to perfection, could they possibly want to sacrifice the process so quickly, it takes a long time to create a masterpiece.

Going through those times is very difficult, it's impossible for them to sacrifice their reputation, I think for now there are no signs of a scam on them and hopefully it's really not a scam???

Binomo is using a different business model and it's not a Crypto Exchange, but a Binary Options broker.

The binary option is you are guessing and bet in some certain period, where the asset price will ends.
Ie: For example, the current price of BTC now is $30K, so I am betting $100, in the next 1 hour. BTC price will be higher than $30k
If I am correct, I will earn $100 (My seed money) and 50-98% profit from my bet value (usually it will be around 80%)
And If I am wrong, I will lose my bet.

So,it's up to you to decide

If your compared them from binance, I guess they're different in terms of being known for being popular. Personal verification in binance is very important as a user, that's why we can't judge an exchange or a coin platform unless they're proven scammers. I couldn't provide any fact check for Binomo, and my recommended is keep an eye on this platform to find some loop hole in order to come up with a specific answers.

Its not a scam but many people guessed it as unfair option platform since in some condition market move its not realistic and not real.

I don't think so. In my opinion, Binomo is quite large for now. I can say they have something in common like Binance. There are so many people who make transactions on Binomo and no one thinks Binomo is a scam. For now, my friend.

You have to find out first, what are the characteristics that will end up being a scam. Binomo in my opinion is not a scam. And in my opinion, Binomo is still very trusted by people to trade. Of course, before people started their activities on Binomo, they had studied Binomo long ago.

Yes, many of my friends have complained about this trading platform, because indeed what you say is what happened, during the demo platform period or if a game is called training, they are very easy to get profit, but when they have passed the training period it is more they lose more than they gain.

Binomo is gambling that is manipulated into a trading platform so that many people experience big losses. This is a Binomo game. This really leads to fraud. Therefore, it is better to avoid it than to invest, you will get rekt and lose money. It is better to invest in cryptocurrency because it is better because Binomo will surely go bankrupt over time and take investors' money away. This has happened a lot on platforms like this.

I think the site is pay their members so it is not considered scam. But they are binary option site and not a trading site, maybe you can consider it as gambling site because when you lose, you will lose amount money that you bet and not like trading when we buy and sell coins and can hold.

Binomo is a binary trading platform for buying and selling financial assets, be it Forex (Foreign Exchange), stocks, and derivatives.
Binomo is a safe broker and is not a scam as the rumors circulate.

Not because the company is Big meaning that they are not scam , remember that one of the biggest exchange that runs  in crypto comes to be scam years back so lets not make it legibility about their company size because scammers are always scam.
It is not because someone is profiting meaning the site is legit remember that before you caught a fish you must need to put BAIT first.

Binomo is one of the trading markets that are currently being targeted by consumers, in the use of binomo market we can not yet say we can rely on to grow our assets because they are so easy in manipulating prices that many users feel harmed, but in this case we can not say that binomo one of the scamers for now.

See the concept Binomo is implementing? is it worth calling crypto trading or gambling? all very mismatched. on the other hand they claim to be a trading platform, but if you have entered the trading system then what you are dealing with is gambling with a level that has at least 50 : 50. either with the consequences of gambling while trading or vice versa.

If you just want to spend money then feel free to play there, no trading has criteria like in Binomo. they are just a gambling platform in the name of trading to avoid government scrutiny.

Just to see for yourself regarding reviews on this platform -

https://www.trustpilot.com/review/binomo.com

I don't think this site is a trusted one. And also, if you don't know what you're getting into, you may likely lose on this site. As others have said above, it is more like of gambling nature, so maybe, the reason why people are losing because they don't know what they are doing. So better stay away from this one.

No to sound like am picking a side but I think we customers don't know how to handle issues and also lack patience!
Sometimes issues could be as simple as answering yes or No but we rush to claim a service is a scam. Reading the review on the left side clearly you can see that it seems a withdraw was delayed to be processed but this users kept playing and later lost his money, could this really be called a scam, I don't think so.. all I can say is let's have some patience whenever we have a problem.

Reading about Binomo here reminds me about their advertisement on YouTube that can be found so easily. Moreover, many public figures in my country, YouTubers, certain video bloggers also do the same, advertising Binomo.  ;D :D
This is a big platform of the Binary options.
As others said, I also don't think that it is a scam. However, ensure that you must be careful in learning the chart and the market cycle. It may be manipulated and we need to be careful when analyzing every chart and move the chart itself. It is risky, but if we know the way and right strategy, it can also give us many profits.

The project just looks good, I can't any discrepancies that would lead them to scam accusations like stealing people's money or something fraudulent activities link to them. If they wanted for some verification of identity, well most exchange site nowadays kept asking that from ask due to regulations or tracing from money laundering. Just be cool for this site, I'm sure one day they'll be popular like the others.

Binomo isn't a scam, but the promotion that's been done through different YouTube channels provided with a promocode for getting some initial fund gives it an outlook as a scam platform. Also users aren't much knowledge with these binary options trading. Most of them loss at the beginning, maybe the continuous learning could get them a better experience.

I think Binomo is not a scam because their platform security is good thanks of their verification system,current reputations are good they easily found in social media advertisements,their website plateform is good with good response,But nonetheless,lets not put all our hopes up and hooked by hyped blogger advertisements because these days even platforms can be scams or hacks, so when we trade lets not put all our investments in one big pot. lets be frugal in investing with the amount that we are ready to lose. Binomo might not look like a scam now but who knows what happens in the future.

hahaha I've tried trading on binomo and the results were very disappointing because I lost haha, my bad experience, but this is not a scam more like gambling in my personal opinion

this one is a strong proof that their service is not good if however OP's wants to make a comparison between binomo to another service like binance.. Indeed through simple research it very easy to expose this kind of service, especially nowadays that there's a bunch of people promoting scam project..it really required to have a simple research to avoid such projects in my personal opinion instead of making decisions that you don't have any idea how safe the project is.. Its very difficult to trust to be honest.

I don't think it's an exchange place, but it's a gambling place under the guise of a cryptocurrency exchange, so you have to be careful because trading there when you take the wrong position, the money you have can be lost instantly.

Hahaha it's totally scam, I've ever tried it, and nothing
I got nothing and it was really waste 1st money 2nd time
So I suggest not to use that app even though the ads offer great income

So Binomo now is already into cryptocurrency? Their platform is also using cryptocurrencies?
This is the second time saw a thread about Binomo.
It seems most of the people here misunderstood the word scam to losing/gambling.
Since they have binary option and they are fair, and you just lost but if you win they are paying, we can't call it a scam, right?

It's true, Binomo always pays the person who wins the match, usually at a rate of x1.8 on the spot. But no one knows with the system played by binomo that is not exposed to the camera. Like other online bookies, they all have interesting strategies so that gamblers enjoy playing without regrets when the money runs out.

Until now Binomo can't be said to be a scam, except for replacing its very clickbait advertisements that offer trading schemes like cryptocurrencies even though the system applied is binary options.

as far as I know binomo is a binary option, which is different from trading. it seems like binomo has been scammed for a long time, but until now we still see the ads in the real world. with a different account and doing the same pair it says it will have a different market, so it is difficult for traders to win

Binomo is not a scam. That's my voice.
For me, Binomo is a good exchange. Binomo's position in my opinion, is almost similar to the Binance exchange. So, if anyone says an exchange like Binomo is a scam, I'm sure it's the wrong thinking.

It would be very wrong if someone said that Binomo is a scam. I agree with you that the Binomo exchange is almost the same as Binance in terms of personal verification. Today, on the Binomo exchange very many people make transactions, and almost no one complains.

Binomo is one of the platforms for trading in Indonesia, Binomo is a good and solid trading system in the financial market. currently binomo being a member category “A” in FinaCom is more than enough to make money and be safe on the platform. even now binomo is a favorite of Indonesian traders. so in my opinion binomo is not a scam because it is a safe broker not a fraud like the rumors circulating.

I agree with you friend. Maybe they got wrong in terms of withdrawal because they limit on it everyday but the fact is you can withdraw easily but not a big amount.There's a limitation on it.

Do you have any specific reasons to say that binomo seems to be a scam for long time? I'm not familiar with this platform but I do see the ads of this platform many times in youtube both on ads and advertised by the content creators. If you say they are scam, there must be some people get scammed by the platform. Could you please give me some valid articles/threads or something else that they are scam?

yes that's true, as far as i see it is too. At first I didn't know much about Binomo and one time my friends around me questioned about Binomo. from there I started reviewing and immediately told my friend not to join the miner site. and at the same time I to recommend on the binance platform which is clearly real & not a scam.

Binomo and Binance are certainly very different. Binomo is not a scam, but it is just a trading platform that is purely controllable, Binary options is clear, we can get big profits and lose big money too. Because I've also tried and lost money there, so it's like gambling because our money can really run out if we don't know more about the platform there.

It's not really "gambling" actually, it's just similiar to futures in binance feature. We could still got profits even the coin's price drop by using short. So i think it's not scam, some people who got lucky and really skillful in trading got profits from there also. But there are still many better platform than this honestly.