What happened: GlobalCryptoX Exchange offers unusually high bonus of 20% for each deposit. Additionally, they have 0.01 BTC signup bonus and 0.01 BTC for following their social media.
Flag type 1 https://bitcointalk.org/index.php?action=trust;flag=1678Ann: https://bitcointalk.org/index.php?topic=5241474.0Archive: https://web.archive.org/web/20200419142859/https://bitcointalk.org/index.php?topic=5241474.0 Website: https://globalcryptox.com/Archive: https://archive.fo/QHKMdThese are the bonuses they promise. I don't know who can sustain something like this, giving 20% bonus on each BTC deposit and not run out of business.
Get Bonus and Trade risk Free
BTC Sign Up Bonus :- Get registered and get 0.01 BTC bonus
BTC Deposit Bonus:- Get 20% bonus on your each BTC deposits.
BTC Referral Bonus:- Get 5% bonus on each BTC deposit of your Referrals
BTC social media promotions Bonus:- Follow our social media and get 0.01 BTC bonus
Even though it's mentioned that they offer 5% referral bonus, on their website it is actually 10%
From my experience, when something is too good to be true, it usually is, and it is some kind of scam. Be careful, and do not deposit money there, as i don't see how can their business model be sustainable.