Vetraxbit.com is all over the internet, claiming to give users 0.31 BTC for free just by signing up and entering a promo code. Ads on social media, including AI-generated videos of Elon Musk and other celebrities, make it look like a huge opportunity.
But is it really a game-changer, or just another scam? We looked into it and found some big red flags that suggest this site isn’t what it seems.
What Is Vetraxbit.com?
Vetraxbit.com says it’s a cryptocurrency trading platform offering free Bitcoin. At first glance, the website looks professional. But in reality, it’s far from trustworthy.
When users sign up and enter the promo code, the site shows 0.31 BTC in their account. This creates the illusion of free money.
But when they try to withdraw, the site demands a deposit first to “activate” the withdrawal function.
This is a classic scam trick—users send real Bitcoin, but never get anything back.
Looking deeper, the website lacks key details of a legitimate trading platform. There’s no registered business name, no legal compliance, and no clear terms of service.
The domain was registered recently and comes from a location known for online scams.
The celebrity endorsements—featuring Elon Musk, Cristiano Ronaldo, and Mark Zuckerberg—are all fake, created using AI.
Our Opinion
Vetraxbit.com is a scam. The free Bitcoin offer is just a trick to get users to deposit their own money. Once they do, withdrawals are blocked, and customer support disappears. Many people have already fallen for this and reported their losses.
This scam works like many others. The site looks professional, and scammers use deepfake videos to make it seem real.
But a real crypto exchange would never ask for a deposit before allowing a withdrawal. That alone proves Vetraxbit.com is not legit.
If any platform asks for a deposit before you can withdraw, stay away.
What to Do If You Get Scammed?
If Vetraxbit.com scammed you, here’s what you should do:
- Report it – Contact your local cybercrime unit. The more reports they get, the better the chances of shutting the site down.
- Alert Your Exchange – If you sent your deposit from a crypto exchange, let them know. While reversing transactions is tough, some exchanges have fraud prevention systems.
- Watch Your Accounts – Scammers might try to steal more from you. Keep an eye on your crypto and bank accounts for any strange activity.
- Use Crypto Tracking Services – Some experts can track stolen cryptocurrency. If you lost a large amount, getting professional help might be worth it.
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