Mycelium Wallet Promoting Scam Bookies 1xbit.com

[Igebotz]

This is not a thread but rather a question because I'm kind of mystified about why a reputable wallet as Mycelium would promote a well-known crypto scam bookmakers 1xbit.com on every page of their official wallet. They even have a promotional code for the first deposit bonus. The fact that they accept a partnership with 1xbit.com is a big turn off for me I'm moving my coins except I see a good reason why I should not.

[hosseinimr93]

You may not like a wallet advertising a particular service and I understand this. But, that doesn't mean the wallet is not secure.
Mycelium wallet is open-source and also gives you full control over your fund. There's nothing in the code they hide from users.

[logfiles]

I understand the need for money, but this is way below the belt for Mycelium. Of all businesses and services, they had to go for a proven scam such as 1xbit?

I don't see anything about 1xbit in media follow like in your case, but I do see a cryptobetting tab dedicated to 1xbit in my app 

[Igebotz]

You may not like a wallet advertising a particular service and I understand this. But, that doesn't mean the wallet is not secure.
Mycelium wallet is open-source and also gives you full control over your fund. There's nothing in the code they hide from users.

Secured wallets or not what they are doing is below expectation, do you have any idea how many holders/customers they must have led to 1xbit thru their Media? When a reputable source advertise a certain product the market and the amount of users becomes high, what do you think would happen if Elon Musk was to advertise 1xbit or tweet about them? Millions of people would get scammed.

I understand the need for money, but this is way below the belt for Mycelium. Of all businesses and services, they had to go for a proven scam such as 1xbit?

I've lost my respect for Mycelium, they chose money over a good reputation who know what they would do next. The fact that they have a promotional code drives me insane.

[Stalker22]

I've lost my respect for Mycelium, they chose money over a good reputation who know what they would do next. The fact that they have a promotional code drives me insane.

This is very unfortunate for Mycelium. I can understand that it can sometimes be a challenge to determine if a service is a scam or not, but I am surprised by their decision to promote 1xbit, especially considering the negative reputation that this casino has here and all over the Internet. While it is obvious that 1xbit has a lot of resources available for marketing, putting money first isn't always the best choice.

[hosseinimr93]

Secured wallets or not what they are doing is below expectation, do you have any idea how many holders/customers they must have led to 1xbit thru their Media?

You are right. Many people will probably see the advertisement and will put their money on 1xbit. They will consider 1xbit as a trusted gambling website only because they (wrongly) believe that a service promoted by a reputable wallet like mycelium is trustworthy.
It's clear why Mycelium is promoting 1xbit. They only think about money.

If a custodial wallet or an exchange promotes a scam, I would immediately stop using it. Since mycelium is open-source and noncustodial, at least I know my fund is secure. This is what I was saying in my previous post.

Of course, I agree with you.
You should no longer use mycelium if security of your fund isn't your only concern. By using mycelium, you help them have more users and earn more money from such advertisements.

[Igebotz]

..snip..

I understood your point very well that they operates a non-custodial service and all funds are secured but what would happen if those who joined thru mycelium found out that the wallet thy trusted so much with is playing a role in a scam project? Do you think that anyone would want to save their funds in the hands of scammers? I'll leave a negative report

[JohnBitCo]

This is not a thread but rather a question because I'm kind of mystified about why a reputable wallet as Mycelium would promote a well-known crypto scam bookmakers 1xbit.com on every page of their official wallet. They even have a promotional code for the first deposit bonus. The fact that they accept a partnership with 1xbit.com is a big turn off for me I'm moving my coins except I see a good reason why I should not.

I don't like the shady services by 1xbit.com but there is nothing wrong with Mycelium wallet. 1xbit.com may have given good money to them for promotion and they have accepted it.
Before you leave the Mycelium Wallet services, i have one question. We see scam sites being published in google ads too, so have we quitted google and youtube  too?

[LoyceV]

It doesn't show in my wallet yet, but this is bad

I can understand that it can sometimes be a challenge to determine if a service is a scam or not

I've also seen wallets that promote an exchanger service that has several scam accusations against them.

Since mycelium is open-source and noncustodial, at least I know my fund is secure.

If they decide to scam their users, just one (automated) update is enough to give them access to your funds. The 6-digit PIN isn't going to save you from that.
If they don't mind their users getting scammed, as long as they earn from it, what's to stop them from selling the wallet to a scammer (just like a certain paper wallet site did)?

[Igebotz]

...snip...

They dedicated a tap ( cryptobetting) on their wallet to 1xbit.com and they also have a promotional code that gives 125% on first deposit to new users who register using the code "Mycelium", they are not only paid to advertise but it seems like they are in partnership with 1xbit.com. money is powerful if you ask me. I don't know what options this belong to but Mycelium are fully aware of the advertisement and reporting to them would lead to nowhere.

Check the upper part of the image.

It doesn't show in my wallet yet, but this is bad

Check on media flow or click the cryptobetting tap

[ABCbits]

...snip...

They dedicated a tap ( cryptobetting) on their wallet to 1xbit.com and they also have a promotional code that gives 125% on first deposit to new users who register using the code "Mycelium", they are not only paid to advertise but it seems like they are in partnership with 1xbit.com. money is powerful if you ask me. I don't know what options this belong to but Mycelium are fully aware of the advertisement and reporting to them would lead to nowhere.

Check the upper part of the image.

If there's promo code which refer to mycelium, then only 2nd/3rd option possible. But since Mycelium have decent reputation, it's possible they didn't do proper research. Unfortunately they don't use social media (according to https://wallet.mycelium.com/#support), so there's no way to ask about it and get answer publicly.

[Igebotz]

Unfortunately they don't use social media (according to https://wallet.mycelium.com/#support), so there's no way to ask about it and get answer publicly.

Yeah  I just noticed that too but I've figured out a way to disabled some of their media flow adverts

Settings > External services > 1xbit.com turn off

[goinmerry]

1xbit is only tagged as a scam here in the forum. Outside, 1xbit is heavily promoted and they are even considered as top sites to most crypto betting reviews sites making it a legit site for those users that don't browse in this forum.

What we can do now is to spread awareness. I do hope that those who use Mycelium will only use the wallet "as a wallet".

Settings > External services > 1xbit.com turn off

Yes, it works. The 1xbit banner at the header is now removed.

[LoyceV]

Settings > External services > 1xbit.com turn off

Also: Settings > Notifications > Media Flow > Disable.

they are even considered as top sites to most crypto betting reviews sites

I guess they earn from referrals or direct payments.

[Igebotz]

Settings > External services > 1xbit.com turn off

Also: Settings > Notifications > Media Flow > Disable.

I love reading a few of their Media Flow so I left that enabled they do have some interesting crypto news most of the time. I hate wallet with some many ads I've moved my assets to Trustwallet.

Outside, 1xbit is heavily promoted and they are even considered as top sites to most crypto betting reviews sites making it a legit site for those users that don't browse in this forum.

The power of money you can see it from their signature campaign here, they offer so much they are buying their way to the top, they pay for almost everything from site reviews to testimonies, to the advertisement.

[Lucius]

The power of money you can see it from their signature campaign here, they offer so much they are buying their way to the top, they pay for almost everything from site reviews to testimonies, to the advertisement.

If something is unequivocally proven as a scam (and I think in this case there is no doubt), then the problem is that the forum (admin) allows their activities to take place smoothly on the forum. On the other hand, I'm a little surprised that most people think that they really pay unique users (is there any proof of payments at all?), but it seems to me that they have created an account farm that they use as a cover-up for their campaign.

In any case, it would be good for everyone to investigate who they do business with if they want to preserve their reputation - who is next to appear on their ads, maybe Yo-Yo-bit?

[Igebotz]

I'm a little surprised that most people think that they really pay unique users (is there any proof of payments at all?), but it seems to me that they have created an account farm that they use as a cover-up for their campaign.

They are too smart to know those who deposit to test the system to see if it pays or not and those set of users usually stake with a little amount, in cases like this they sometimes payout those smaller amounts to give you self motivation to come back with a high stake and to have some kind of society backup. But their major targets are high stakers. They act like a Ponzi scheme( pay 100 people, scammed 10,000 people )

[dkbit98]

I am not using Mycelium wallet so I don't know and I don't care what they used for advertising, but 1xbit is known for aggressive marketing so it's no surprise to see them everywhere, including in bitcointalk signature campaign.
Disable that option to show ads in setting if possible or just switch to better alternative wallets like BlueWallet or Electrum.

[vv181]

3. Simple static image?

I tried to build locally the wallet and was able to found out 1xbit CDN images:

https://mycelium-wallet.s3.us-east-1.amazonaws.com/business-partners/1xbit/Mycelium_6_720x422.jpg
https://mycelium-wallet.s3.us-east-1.amazonaws.com/business-partners/1xbit/Mycelium_6_720x1236.jpg

They dedicated a tap ( cryptobetting) on their wallet to 1xbit.com and they also have a promotional code that gives 125% on first deposit to new users who register using the code "Mycelium", they are not only paid to advertise but it seems like they are in partnership with 1xbit.com.

Judging by how the above image URL looks like, it's very likely they partnered up with 1xbit.

[The Cryptovator]

I am not familiar with Mycelium wallet nor I am using that anyway. But I heard Mycelium is a well-reputed Bitcoin wallet. Actually, this advertising is a part of business, it's pretty sure they have a business partnership and that's why they are advertising a scam site like 1xbit. Perhaps Mycelium getting short-time benefits from 1xbit but for a long time, they are going to losing potential users. Because once Mycelium's users will join 1xbit and encounter scammy behaviors then definitely that users will leave Mycelium. Or they don't know about 1xbit scammy behaviors like theymos missed it at the beginning of running forum ads.