Hash Power Fee to a Reflection ID

[SME211]

I am on the receiving end of a bitcoin transfer. I have received a message that I need to pay a fee called "hash power fee to a Reflection ID" before the bitcoin will be deposited in my wallet.  Is this a legitimate fee or a scam?

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[OmegaStarScream]

It sounds like a scam. There's only one fee and that's the miner's fee which the sender has to pay.

Can you share the name of this platform that's asking you to do this?

[jackg]

It sounds like there's no other reason except for it being a scam.

How much are they promising you they'll send? How big is the fee.

To prove this doesn't make sense, you pay a fee whenever you send a transaction which means you'd be paying a fee to pay a fee as apposed to them just paying ONE fee.

A lot of scams work by promising higher amounts for you to send a lower amount first (ie spend 0.001BTC to unlock 0.005BTC)...

[SME211]

The trading platform is Bullgeko.  They are requesting a 0.75% hash power fee for a transfer of $500k.

[LeGaulois]

The trading platform is Bullgeko.  They are requesting a 0.75% hash power fee for a transfer of $500k.

Bullgeko is know as a not a reliable broker

BullGeko seems to be advertising through fraudulent ads showing Elon Musk opening specialized platforms for the Australian and Canadian markets. Once clients signed up, they were pressured to invest more, and the account manager manipulated their trades so everything would look profitable and promising. Once big money was invested, these same account managers simply disappeared.

https://scambrokersreviews.com/forex-scams/bullgeko-review/
https://scamsonline.net/bullgeko-review/
https://www.scamwatcher.com/scam/view/463589

[Potato Chips]

The trading platform is Bullgeko.  They are requesting a 0.75% hash power fee for a transfer of $500k.

Are they trying to request a new payment from you instead of deducting it to your balance? if so, that's 100% a scammer move. I've never heard of this hash power fee term, at first, I thought they meant miner fee but it shouldn't cost that much. Note that scammers often use technical words/buzz words to sound smart/legitimate.

edit: I assumed they're requesting .75% of 500K, is this correct?

[stompix]

Is this a legitimate fee or a scam?

Any kind of service that asks you for a fee to be paid before they send you the money is a scam!!!!
Simple as that, they ask you for money before sending your money, it means you can kiss those funds goodbye!

As for your gains, it's just as LeGaulois said, those were probably never there, they manipulated trades to show you a positive balance, trying to get you to invest more and more and by the time you actually want to cash out it's either that they ask you for more money like in your case, they go silent for others, or somehow your account just makes a few wrong trades and you get liquidated since it's just fake numbers they can also fake everything!

Just be careful what you do next and don't fall for any more tricks, cut your loss and be done with it, seems like they don't let you go as easy as that, after the broker scam they might try a romance scam, lol
https://www.trustpilot.com/users/625666ec613f560013adce6c

[hugeblack]

I am on the receiving end of a bitcoin transfer. I have received a message that I need to pay a fee called "hash power fee to a Reflection ID" before the bitcoin will be deposited in my wallet.  Is this a legitimate fee or a scam?

For deposit or withdrawal? If it was for the sake of depositing, then I think it is stupidity of these scammers, when you deposit your money to them, they have the full right to use it.
Either if you got *free money* and need to deposit or request data, they are scammers.

Generally, try to use a well-reviewed, open-source wallet such as Electrum, and use platforms known to have high trading volumes.