Growintrade.com, a recently established website, is engaging in a deceitful crypto exchange practice. The website’s domain registration is relatively fresh, being only 78 days old at the time of this investigation. Notably, the site lacks any customer service contact information, which is a significant red flag. Growintrade.com lures potential investors with promises of substantial profits. Unfortunately, the truth is that once you invest your hard-earned money, the malefactors behind the scam disappear, leaving you empty-handed. Moreover, a thorough search reveals that the business has no presence on any social media platforms.
Crypto exchange scams are deceptive schemes where fraudsters create a fake cryptocurrency exchange platform. They lure potential investors by promising huge returns on their investments. Once the investors put their money in, the fraudsters take the money and disappear, leaving the investors at a loss.