BitDeal Scam

[CryptoCracker]

Hi guys is Bitdeal just another of many scams? It will be delisted on Cryptopia soon, as far as I can tell, all Bit Deal (BDL) (BDC) wallet downloads don't work and all sites are total BS with nothing working. Seemed like a legit project but I guess that is the trick if you are going to scam people.

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[CryptoCracker]

Cryptopia is getting rid of the BitDeal wallet, all the current wallets and big promise of BitDeal pay and BitDeal wallet don't work, only other exchange coinexchange io will not accept deposits... Does anyone have any information?

[Lakai01]

Sorry to say that but I think your investment is gone, yes. Doesnt have to be a scam attemped, maybe the project just ran out of funds and had to stop the work. Try to reach for Cryptopia support and ask them why they delisted the coin, maybe you get some more information why this happened that way!

[Jating]

Sorry to say that but I think your investment is gone, yes. Doesnt have to be a scam attemped, maybe the project just ran out of funds and had to stop the work. Try to reach for Cryptopia support and ask them why they delisted the coin, maybe you get some more information why this happened that way!

Here is the reason:

https://support.cryptopia.co.nz/csm?id=kb_article&sys_id=7373dae9dbf4af0052d2ef728a961972

After conducting a thorough review, it has been determined that the following coins no longer comply with our Listing Policy

The coins displaying an asterisk (*) have broken blockchains or wallet that will not allow withdrawals. This issue is not due to Cryptopia but caused by a problem with the underlying blockchain or wallet associated with that coin. Please do NOT contact us about this issue as there is nothing we can do to assist. Any queries or issues locating a compatible wallet or block explorer should be directed to the coin's developers.

So probably they have exited already or something. I'm sorry but the problems is not on an exchange but with the projects behind. If wallets are not working then obviously they have abandoned it.

[CryptoCracker]

Sorry to say that but I think your investment is gone, yes. Doesnt have to be a scam attemped, maybe the project just ran out of funds and had to stop the work. Try to reach for Cryptopia support and ask them why they delisted the coin, maybe you get some more information why this happened that way!

No BitDeal doesn't have to be a scam but after really looking into it, I'm 95% sure it is. They posted on twitter few month ago about big things coming and the typical hype BS and the last post on twitter was 2 months ago talking about new exchange LATOKEN https://twitter.com/bitdealuk of course BitDeal (BDL) ticker is now BDC and wont accept deposits...

So yes I agree Cryptopia will scrap the coins since no one has a chance to move them, then this project will most likely be active again trying to push new #BitDeal BDC as legit, ready for the next wave of buyers.

I assume their blockchain is broken https://explorer.bitdeal.co.in/ but not an expert...maybe someone can tell me if I am right.

And yes, I'm sure my coins are gone

[Johnzky]

[


And yes, I expect my coins are gone

Since you already expect that the coins are gone,maybe theres no reason for you to claim this.

Though i thank you for exposing this to prevent others from being a victim if time comes they continued the project on other exchangers

For other victim of this scammers better accept the reality and forget about the claim,and use this as a warning for the next investments

[CryptoCracker]

[


And yes, I expect my coins are gone

Since you already expect that the coins are gone,maybe theres no reason for you to claim this.

Though i thank you for exposing this to prevent others from being a victim if time comes they continued the project on other exchangers

For other victim of this scammers better accept the reality and forget about the claim,and use this as a warning for the next investments

That is kind of the idea. If no one brings up the topic of scams or warns others,  then the next wave of people can be taken. But this is part of crypto. Many coins just vanish, get delisted, dev's walk away,etc.. Exchanges are always delisting suspect projects and often those coins just die. That is fine by me.


I guess I m just a bit disappointed about BitDeal coin because it seemed legit and seemed like they were doing good things....and all Bit Deal sites are STILL up and running so hopefully in a few months I don't see them pumping a different version of Bitdeal (BDL) using the same tactics. If they simply ran out of money or can't continue than you would think that a legit project would post that somewhere or respond to messages or the sites and social media would be closed down.


I also posted a while back about Octaex.com exchange that just vanished one day...as a warning to others about new exchanges because I could find any info on it at all ....so I guess the lesson here is

1)DYOR and if you are going invest in a coin, try to find one with good fundamental story, solid team, good reputations, etc...
2) Traded on more than one legitimate exchange
3) Never put more than you can or are willing to lose into ONE coin idea (ideally no more that a few % of your total crypto money)
4) Be very weary of new exchanges (Octaex was based out of China, no fixed address, just enough social media to make it seem legit and so on). I watched them for a while, they seemed like decent exchange, just long enough I m sure to get people to use the platform and then...gone  


Anyhow, if someone can prove me wrong on BitDeal, post below but I have a feeling this is going to be a revolving scam.  

[Moeda]

Try to open it via the coinmarketcap site. I see all these sites functioning properly. https://coinmarketcap.com/currencies/bitdeal/#markets
To trade on Cryptopia, it has closed on November 27, 2018 and the limit for withdrawing your assets up to January 10, 2019. You can read more https://support.cryptopia.co.nz/csm?id=kb_article&sys_id=7373dae9dbf4af0052d2ef728a961972

[CuriousGeorge]

Hi guys is Bitdeal just another of many scams? It will be delisted on Cryptopia soon, as far as I can tell, all Bit Deal (BDL) (BDC) wallet downloads don't work and all sites are total BS with nothing working. Seemed like a legit project but I guess that is the trick if you are going to scam people.

And then if the crappy exchange site just like cryptopia wants to delist it and can you still say that as a legit project? It's just a trick to attract people basically if you are doing deep analyzation on the code and i believe that's just another copy and paste wallet.

[Tosin12]

Scammers in crypto world are so perfect and knows their onion, they know the features investors look for before buying any coins so they do everything possible to make it look real with needed features whereas in reality it's a scam, to me investing in crypto is risky and no matter how careful you might be victim of ICO scam

[Lakai01]

Thanks for sharing your story, hope it helps someone else to recognize scam attempts like this in the future. It may not bring your coins/money back but if it prevents someone else from falling for BitDeal it was definitly worth it.

[CryptoCracker]

Thanks for sharing your story, hope it helps someone else to recognize scam attempts like this in the future. It may not bring your coins/money back but if it prevents someone else from falling for BitDeal it was definitly worth it.

That is my whole point in writing this and explaining the BitDeal scam. Only now, after searching all over for an active wallet where those with BitDeal BDL on Cryptopia can actually move their coins to, have I discovered just how shaddy this coin is and expect BitDeal (BDC as it is now called) to be the same scam.

So I hope they never land on another exchange but if they do, maybe someone can read this thread before buying the coin or this might give others an idea what to look for before they fall for a very suspect project.

Below is an example of some minimal fundamental research you SHOULD do on any coin project BEFORE  buying into it.


Start with Coinmarketcap. Coinmarketcap offers their website, coin details, and other relevant links…

-with BitDeal the website looks nice and professional, unfortunately nothing works, you can't register, the wallet will download but not let you create an account, plus you can't really tell who the developers are or track them down in any way. Maybe at one point the wallet worked but not sure- maybe never. I guess it is important to double check any project you are interested in.

Anyhow, when you can’t find out who the developers are or who is running the project, that should be a real big red flag.  (RED FLAG 1).


-Twitter account- only a few posts here and a few months before the delisting was a big promises of the project taking off in Vietnam or wherever, plus 4 fake looking pictures of a few people in Vietnam holding some kind of press conference. At first sight, seems professional but then you wonder why there are no crowds and pictures look pretty staged. They have all the proper social media sites like FACEBOOK; TELEGRAM (view only) and on and on but offer no real value and can't be reached and post very rarely (RED FLAG 2)

-The ANN is on cryptocurrencytalk and has like 20 posts and the ANN creator (dev) posted 9 things and spent a total of 50 seconds on that forum...but exchanges require an ANN to list so why not choose one with very little scrutiny. (RED FLAG 3)

-After trying to find more info I found https://www.bitdeal.net/ which basically promises to clone a coin and allow you to clone the whole crypto process, I don’t think they are related but it goes to show that with a bit of effort someone might be able to put a coin out there just to take advantage of others and profit from it.

There are obviously other fundamental screeners you can use to help you decide if you want to be involved in a crypto project

* Coin Supply: How many out?

* POW or POS / Pre-Mined 

* Coin’s  reputation  and who is following it

* Is it traded on more than one exchange?

* If not, does it have an active and easy to use wallet?

* Are Dev’s active on Github
* Ask yourself if it is a possible scam/ S***coin or possible Gem?

* Who is behind the project & support

* What do CoinMarketCap links say: Bitcointalk Ann comments, working webpage, active community?

* Roadmap & Whitepaper

* What does the coin do or what problem does it try to solve? Does it make sense?


Anyhow, coins being delisted and abandoned are part of crypto so never risk too much on one idea. Normally I would't care about it but in this case it seems like they are working on a new scam with BitDeal (BDC) so hopefully this helps them not succeed.  

[CryptoCracker]

Finally got an answer from BitDeal about Cryptopia delisting. I guess 1 day before the delisting with no announcement to date, just need to contact another department. Bye Bye coins

Shouldn't bother me but man, the scams and bad karma in this space is painful sometimes.

Anyhow, the email:

Dear xxxxxx ,
You send it to Support please via : Support@bitdeal.com
Thanks you and Best regards !

CHUYÊN VIÊN CHĂM SÓC KHÁCH HÀNG
Công ty Cổ phần Bitdeal Việt Nam

 
Đc: 22-24 Phan Thúc Duyện, P.4, Q.Tân Bình, HCM

Email: Customerservice@bitdeal.com

Hotline: 0707 133 188

I will get right on that....sent the email the other day and of course no answer. Expect an answer once coins are trashed and unrecoverable.

[samcrypto]

Hi guys is Bitdeal just another of many scams? It will be delisted on Cryptopia soon, as far as I can tell, all Bit Deal (BDL) (BDC) wallet downloads don't work and all sites are total BS with nothing working. Seemed like a legit project but I guess that is the trick if you are going to scam people.

And then if the crappy exchange site just like cryptopia wants to delist it and can you still say that as a legit project? It's just a trick to attract people basically if you are doing deep analyzation on the code and i believe that's just another copy and paste wallet.

Well many coins was already delisted on that exchange so its too risky to invest on some coins because most of them choose the smaller excahnge and leave the market later on. If there’s no intruction from the team on what to do then i think it can be another scam and better to sold it now if its still possible.

[CryptoCracker]

Hi guys is Bitdeal just another of many scams? It will be delisted on Cryptopia soon, as far as I can tell, all Bit Deal (BDL) (BDC) wallet downloads don't work and all sites are total BS with nothing working. Seemed like a legit project but I guess that is the trick if you are going to scam people.

And then if the crappy exchange site just like cryptopia wants to delist it and can you still say that as a legit project? It's just a trick to attract people basically if you are doing deep analyzation on the code and i believe that's just another copy and paste wallet.

Well many coins was already delisted on that exchange so its too risky to invest on some coins because most of them choose the smaller excahnge and leave the market later on. If there’s no intruction from the team on what to do then i think it can be another scam and better to sold it now if its still possible.

Once Cryptopia decides to delist a coin....any coin, trading stops immediately. So there is no warning, just.....BOOM- coin is done here, remove it. There is no chance to try and sell. In Cryptopia's defense they give lots of time, like 6-7 weeks to move coin off the exchange.  But strangely on many exchanges (I have seen this often), volume picks up and price rises, giving those who know delisting is coming the chance to dump coins, and then it gets delisted. Live and learn. And important rule- be very careful with coins that are only listed on 1 exchange! BitDeal is also on coinexchange. io but they don't allow deposits.

[CryptoCracker]

Just a final update since it appears the BitDeal scam will simply continue with a new token BDC (no longer BDL) on a new exchange LATOKEN. It is new so I think they will list any project without too many questions.


Anyhow, finally an answer from BitDeal support saying they did a coin swap 5 months ago of course on the official "twitter.com/bitdealuk" site they simply forgot to mention that and rather pumped up BDL coin in May a few months before letting it die I guess. Also there is no announcement by Cryptopia about a swap.


"Dear,

We had launched the BDL to BDC converting program with ratio ( 1 - 1.2 ) 5 months ago.
This program is applied for the Bitdeal investors who have invested in ICO bitdeal.
BDL is no longer considering as the Bitdeal coin in the Bitdeal Application anymore.
More information, please visit:......"


It must have been a secret BitDeal BDL to BDC swap that only a few people knew about. I like those ones (sarcasm). I asked them to provide a link about the swap announcement but of course that was left out.  


So 5 months ago was a swap with no information?....Cryptopia delisted the coin Nov 27, 2018 so BitDeal thought it was ok to let a dead coin trade on the exchange for 3 months without telling anyone?


Anyhow, this is not the first or last scam that will happen in crypto. Sadly I think the same suspect players in crypto just rinse and repeat these kind of shaddy projects using different coins and jumping to different project...


but if this thread helps someone avoid BitDeal BDC coin, or at least warns them of what they did to previous BDL holders than that is a good thing.


It should also be a lesson to really look into the development teams and also support they provide before investing in any project and if you see references to previous dead or projects that ended badly then maybe be extra extra cautious. And never risk too much in any crypto project no matter what you read on twitter, youtube or some other channel.


I am on a bit of a crusade with this coin, not because of money lost or bad investment but because I see them starting scam round #2 and there is no information anywhere to warn people.  


On a positive note, lets hope crypto 2019 is better than crypto 2018 :-)  




 

[Ziskinberg]

Never heard of this coin before and since I got curious, I tried to research it now using the coinmarket and it seems like it has a good pump last 2017 and going down in 2018. I'm not surprise, there's a lot of scam coins right now because they fail last year, we have proven again that only strong coins will survive in bear, weak coins will die because devs will leave them and take the investor's money.

[CryptoCracker]

Never heard of this coin before and since I got curious, I tried to research it now using the coinmarket and it seems like it has a good pump last 2017 and going down in 2018. I'm not surprise, there's a lot of scam coins right now because they fail last year, we have proven again that only strong coins will survive in bear, weak coins will die because devs will leave them and take the investor's money.

Yes many coins do not make it or fail but with this coin, they simply steal money BitDeal (BDL) (by claiming a swap and letting it die and telling no one) and they now start all over again saying the real coin is BitDeal Coin (BDC).


It is ok if weak coins die, it is good actually since it makes the rest of crypto better but this projects just starts a new scam to steal the next investors money.


I hope I made this clear if anyone thinks about putting money into BitDeal, they can read this to get some information and make an informed decision.


I use Bitcointalk to research coins and I would like it if someone warned me about a project before... I can always decide to ignore that information and buy anyhow or stay away from the project.

[Mikhail.YT]

Thank you for the heads up buddy

[markieeeloy]

I hate to say but this project has the potential to be a turned scam project. So sad to hear for those investors that have been victim on this project investment scam. I certainly hope that some would file a petition to file a case to the team if it still stands.