Bitcoin Exchange BTCpromo is Facing Scam Allegations
Bitcoin to U.S. Dollar direct exchange BTCpromo.net has recently come under fire regarding their shady business practices. The term “scam” is a common theme. It seems the “Sell Bitcoins for Dollars in PayPal” technique that they’re currently using is giving sellers the short end of the stick. BTCpromo is registered to Queensland, Austrailia. However, the owner of BTCpromo signs all of the messages with “btc Προμο.” I’m not suggesting that’s a red flag, as the world is turning into one great melting pot. A red flag however would be that searching for the Queensland address brings up....
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BTCPromo is an unknown and unverified Bitcoin exchange that claims to exchange Bitcoins for Paypal payments, allowing users to potentially turn their Bitcoins into dollars stored on the Paypal network. The problem is, several customers are alleging that BTCPromo is keeping their Bitcoin and without paying for it. There are a few things that should tip off anyone savvy enough to be playing in the Bitcoin game. First, any Bitcoin to Paypal site is already suspicious. Paypal hasn't supported bitcoin in the past and if the “exchange” decides to issue a chargeback, there is little to nothing....
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This is quite an interesting statement, as BTC-E claims their users have transferred their own ETC funds to the Poloniex exchange. The world of cryptocurrency seems very divided when it comes to Ethereum and Ethereum Classic right now. Cryptocurrency exchange BTC-e went as far as calling Ethereum Classic a”scam,” as they have no plans to support it. However, various of their ETH users are eligible to receive ETH tokens for funds stored before the hard fork took place. Will the company pay that funds to the rightful owners, or will they keep the ETC to sell it and reap the profits? BTC-E....