The website
www.bitcoinat.co.uk caught my attention as they claim to exchange bitcoin/eth/ltc to paypal or skrill instantly. Their "exchange prices" on their website, even though they do change a little bit, is certainly "attractive" from an exchange point of view - they are 5-10% above the market (with the exception of the UK Pounds prices). Company is registered in the UK, no accounts filed, sole director Miel Ge has correspondence address at the same address as the firm (a red flag). No KYC to send cash to Paypal - another red flag. No payment processing licence in the UK - another red flag. Not listed with the FCA.
Now here is the main concern:
If you type in the amount you want to exchange, select paypal and enter your email address, a BTC address pops up with the address to send the BTC to. The address is the same each time - regardless of the email address, amount or anything. In other words there would be no way for bitcoinat.co.uk to differentiate between deposits, if two persons fill in the deposit form, and only one of the two actually sends the 1 BTC, the company has no way to see who of the two who actually sent the BTC. Their BTC address -
https://blockchain.info/address/135yzkufEp3KkYdubkdnCEP6KFswyYnSfr fortunately only has a very small deposit on it, so hopefully people are aware of the scam. The LTC and ETH addresses so far has no deposits, but this firm only started advertising on Reddit a few days ago. I would hate for newbies to loose interest in Cyber crypto after being scammed by these people.
Needless to say if the staff at bitcoinat.co.uk can prove otherwise, and that they only have made a very clumsy deposit system (which are doomed to fail) then please go ahead and prove it. This smells classic fraud a long way is you ask me.
